Most Popular
-
1
Yoon's approval rating plunges to all-time low
-
2
S. Korea votes in favor of Palestinian bid for UN membership
-
3
Russia's denial of entry of S. Korean national unrelated to bilateral ties: Seoul official
-
4
Bae Doo-na shares portraying Korean identity in Hollywood's 'Rebel Moon'
-
5
[From the Scene] Monks, Buddhists hail return of remains of Buddhas
-
6
Medical schools granted enrollment quota flexibility for next year
-
7
Korean art gets spotlight at Venice Biennale 2024
-
8
Police uncover illegal gambling website made by teens, for teens
-
9
Yoon offers first one-on-one meeting with opposition leader next week
-
10
Yoon's approval rating sinks to all-time low following election loss
-
Swedish EQT Partners to acquire SK security affiliate for W3tr
EQT Partners, a private equity fund operated by Sweden’s largest conglomerate, the Wallenberg Group, is expected to acquire SK Shieldus, a South Korean security firm, for about 3 trillion won ($2.27 billion) sources said Monday. EQT Partners is expected to sign the deal this week to purchase a 30 percent stake in SK Shieldus from the top shareholder SK Square, which holds a 63.13 percent stake. SK Square is the investment arm of South Korea’s No. 2 conglomerate SK Group. The Swedis
Feb. 27, 2023
-
SKT CEO unveils renewed AI vision at MWC
SK Telecom, South Korea's largest mobile carrier, said Monday it would look to lead the artificial intelligence transformation in all areas of its business with its advanced technologies and to establish an alliance with major AI service providers to foster an ecosystem. SK Telecom Chief Executive Officer Ryu Young-sang unveiled the telecommunications giant’s “AI to Everywhere” strategy to lead innovation in a press conference held a day before the annual Mobile World Cong
Feb. 27, 2023
-
Medytox's BTX dispute shows no end in sight
Medytox will soon be entangled in another dispute with South Korea’s leading botulinum toxin, or BTX, products maker Hugel, while an ongoing legal dispute with Daewoong Pharmaceutical is expected to continue as the latter appealed to a higher court here. According to industry sources on Sunday, a lawyer from the US International Trade Commission, who is responsible for a pending dispute between Medytox and Hugel, reportedly presented an opinion that objected Hugel's request to close t
Feb. 26, 2023
-
[Beyond Earth] ‘In space sector, failure is natural’
Innospace, a South Korean startup established in 2017, is gearing up to become the first in the world to successfully launch a hybrid rocket -- its Hanbit-TLV -- from the Alcantara Space Center in Brazil next month. The second trial comes about three months after the first attempt did not get the green light due to a weather issue, problems with a cooling valve and connection errors between systems. “Although the perception has changed a lot, I think the culture that accepts failure is sti
Feb. 26, 2023
-
Telecom carriers to show off future tech in Barcelona
South Korea’s top mobile service and device suppliers are set to introduce their latest future technologies involving advanced artificial intelligence and next-generation networks at the world's largest mobile tech show, slated to kick off Monday. At this year's Mobile World Congress taking place in Barcelona, Spain through Thursday, leading telecommunications firms SK Telecom and KT will put up exhibitions focused on their latest AI technologies, enabling various services to boo
Feb. 26, 2023
-
Samsung kicks off global tech seminar to introduce QLED, OLED TVs
Samsung Electronics said Friday it had kicked off its annual tech seminar series in Frankfurt, Germany, Thursday, showcasing cutting-edge technologies behind its 2023 TV lineup, which includes Neo quantum dot light-emitting diode and organic light-emitting diode TVs. The tech seminar sessions have served as a platform for picture and sound experts around the globe, delivering detailed information and exclusive hands-on experiences with new Samsung products for the last 12 years. This year&rsqu
Feb. 24, 2023
-
European businesses in Korea offer mixed outlook this year: survey
A majority of European companies doing business in Korea posted robust sales last year, but offered a mixed outlook for 2023, a business confidence survey conducted by the European Chamber of Commerce in Korea showed Thursday. The business lobby conducted the survey together with the Korea-German Chamber of Commerce and Industry and nine other European national chambers and business councils supported by consultancy Roland Berger Seoul. A total of 184 companies, representing over 60,000 employ
Feb. 23, 2023
-
Samsung-Dish 5G partnership in progress
Samsung Electronics said Thursday it has launched a virtual open radio access network site running on the ultra-fast 5G network along with Dish Network, the fourth-largest telecommunications carrier in the US. Earlier, Samsung had supplied an initial shipment of 24,000 Open RAN-compliant radios and 5G virtualized RAN software solutions to accelerate Dish’s network deployment across the US, which will allow to provide reliable and fast nationwide coverage to its network users. “Samsun
Feb. 23, 2023
-
Hanwha looks to secure drone defense technology
Hanwha Aerospace and a group of investors including Lockheed Martin have invested $17.8 million in Fortem Technologies, a US airspace security firm specialized in drone defense, Hanwha officials said Wednesday. Fortem Technologies operates its own air defense system based on an artificial intelligence radar that can monitor and detect dangerous drones or unmanned aircrafts and catch them by sending autonomous flying drones equipped with nets. The system is being used in Ukraine’s efforts a
Feb. 22, 2023
-
Posco International ready to help rebuild Ukraine
Posco International, a commodities trader affiliated with South Korean steel giant Posco Holdings, said Tuesday that it is eager to take part in reconstruction projects in Ukraine after the war to help the country rebuild. The Posco unit is the only Korean company that has maintained its business operations in the war-torn country since the onset of Russia’s invasion on Feb. 24 last year. It operates a grain terminal in the southern city of Mykolaiv, about 480 kilometers away from the Ukra
Feb. 21, 2023
-
Samsung, Naver join forces against Apple on payments
As IT behemoth Apple will likely launch its mobile payments service Apple Pay in Korea next month, Samsung Electronics appears to be reacting to the rival’s move by strengthening its digital payment service Samsung Pay through a strategic partnership with internet giant Naver. Samsung announced Monday that it signed a partnership agreement with Naver Financial to promote its mobile payment system, making digital payments more convenient for its users. Samsung has gained a stronger online p
Feb. 21, 2023
-
Former SK hynix VP named chief economist for US team overseeing chip development fund
A former vice president and chief economist for SK hynix has joined the US government team overseeing a $52.7 billion fund to boost development and manufacturing in the chipmaking industry. On Friday, the US Commerce Department announced that Dan Kim has joined the CHIPS Program Office as chief economist and director of strategic planning and industry analysis. The program is aimed at spurring manufacturing and innovation in the US semiconductor industry under the CHIPS and Science Act signed in
Feb. 20, 2023
-
[KH Explains] Samsung returns to OLED TV market after 10 years, renews competition with LG
Almost a decade after Samsung Electronics ditched the organic light-emitting diode TV business, the tech giant has returned to the market where crosstown rival LG Electronics dominates almost 60 percent of sales. Following its global launch last year, Samsung said Monday it would take preorders for its brand-new OLED TV at home, ahead of its official release on March 9. Samsung debuted 55-inch and 56-inch OLED TVs in Latin America, Oceania and Southeast Asia in March last year, but their Korean
Feb. 20, 2023
-
Korea aims to showcase pre-6G network in 2026
South Korea will demonstrate the sixth generation of wireless technology to the world in 2026, the Ministry of Science and ICT said Monday as it unveiled the government’s network advancement plan called the "K-Network 2030" strategy. In order to carry out the technical display, the Korean government will host an international event, tentatively called 6G Vision Fest, to invite leading telecommunication companies, experts and ministerial-level state officials from across the world
Feb. 20, 2023
-
[Photo News] Fire-detecting robot
SK Telecom said Monday it has developed an artificial intelligence-based robot kit, using its own Vision AI technology that controls robots and analyzes high-definition images of the cameras attached to them. The robots are especially designed to detect fire or leakage of harmful gas, as well as offering the 3D measurement of spaces. The company plans to expand their industrial adoption by developing more customized solutions for corporate clients.
Feb. 20, 2023
-
SKT, KT to present cutting-edge mobile technology at MWC
With the opening of the world’s largest mobile tech show just a week away, South Korea’s major telecommunications firms including SK Telecom and KT Corp. are poised to showcase their future technologies. Korea's No. 1 mobile carrier, SK Telecom, said Sunday it will operate an exhibition space at the annual Mobile World Congress in Barcelona, Spain, under the theme of "AI, the Wave of Innovation." The company will showcase its innovative future technologies like artific
Feb. 19, 2023
-
[Beyond Earth] ‘Space technology is matter of state survival’
South Korea's space development is more than just science, but also a matter of state survival in terms of security, according to a high-ranking official at the Korea Aerospace Research Institute. “Frankly, space has been regarded as science technology until now. Space development was done by project, such as developing satellites and space launch vehicles. But with a deeper understanding of space, it has become clear that it's not just about science,” said Lee Joon, execut
Feb. 19, 2023
-
LG Chem signs lithium supply deal with US-based Piedmont Lithium
LG Chem, South Korea's leading chemical firm, announced Friday that the company has signed a deal to receive 200,000 metric tons of spodumene concentrate from Piedmont Lithium, which will ensure a stable supply of the key material for the company's electric vehicle battery production. Under the deal, LG Chem will receive 50,000 tons of spodumene concentrate every year, starting in the third quarter of this year, from North American Lithium, a lithium mine in Quebec, Canada, in which Pi
Feb. 17, 2023
-
Celltrion, LISCure Biosciences to develop microbiome therapy for Parkinson's disease
Celltrion announced on Friday that the company has signed a joint research and development contract with LISCure Biosciences for a microbiome-based Parkinson's disease treatment. LISCure Biosciences is a Pangyo-based biotech company that conducts research for microbiome-based treatment for Parkinson's disease. The biotech currently has an oral microbiome drug development pipeline for Parkinson's disease, called LB-P4. Under the contract, the two companies aim to co-develop live bi
Feb. 17, 2023
-
KCCI donates $100,000 in aid to quake-hit Turkey
The Korea Chamber of Commerce and Industry said Friday it had given $100,000 in aid to Turkey, which is suffering from untold casualties and destruction after a 7.8 magnitude earthquake hit the country on Feb. 6. Woo Tae-hee, executive vice chairman of the largest business lobby in Korea, visited the Turkish Embassy in Seoul on Friday to pay tribute to the victims of the tragedy, according to the KCCI. There, Woo met with Turkish Ambassador to Korea, Salih Murat Tamer, and donated the $100,000.
Feb. 17, 2023