Most Popular
-
1
Opposition-led Assembly unilaterally passes bill to probe Marine's death
-
2
Golden chance to liquidate babies’ gold rings?
-
3
Inflation eases in April, continues bumpy ride
-
4
Russia sent more than 165,000 barrels of refined petroleum to N. Korea in March: White House
-
5
Seoul to more than double military drones by 2026 to counter NK threats
-
6
Key suspects grilled over alleged abuse of power in Marine death inquiry
-
7
Seoul alerts overseas missions to NK terror threats
-
8
Over 60% of S. Koreans support W100m childbirth incentive: survey
-
9
‘Inside Out 2’ adds four new emotions, explores teenage life
-
10
Questions raised over fair promotion of RM, NewJeans
-
Blind: App that has everyone in the workplace talking
Blind, a workplace community app, has been a source of some of the biggest company news stories and viral social media posts globally. They range from the Korean Air “nut rage” incident and the 2017 sexual harassment allegations at Uber to the controversy at US food delivery platform DoorDash over an initiative that requires all employees to make one food delivery every month, to name a few. One of the latest corporate news stories to come out of the anonymous user-based platform for
Oct. 11, 2022
-
Samsung's Ukraine office damaged by Russia's missile attack on Kyiv
A building housing Samsung Electronics Co.'s Ukraine operation was damaged following Russia's missile attack on Kyiv on Monday, officials said. Earlier in the day, Russia shelled several cities in Ukraine, including Kyiv, leaving at least five dead in the capital city alone, according to news reports. An official from Samsung Electronics confirmed that some of the building's windows were shattered following the attack, although a missile did not directly hit the location but landed some 150 m
Oct. 10, 2022
-
[From the Scene] At LG plant, unmanned robots boost output, ensure workplace safety
CHANGWON, South Gyeongsang Province -- The factory automation spearheaded by robots has allowed LG Electronics’ home appliance manufacturing plant, located some 300 kilometers southeast of Seoul, to boost productivity and ensure workplace safety. “Over the course of five years of operation, we saw a nearly 25 percent increase in output, along with a similar employment rate for the last five years,” said Kang Myeong-suk, a task leader at LG’s kitchen appliances division,
Oct. 10, 2022
-
Posco, LG sign comprehensive agreement for EV battery material supply
Steel-to-chemical material firm Posco Holdings and lithium-ion battery cell manufacturer LG Energy Solution signed a more comprehensive agreement for electric vehicle battery material supply, the companies announced Monday. Based on the nonbinding agreement signed on Friday, Posco Holding is to ink a long-term deal to supply cathode materials and anode materials to LG Energy Solution before the end of 2022, according to South Korea's largest battery cell maker by batteries supplied to cars.
Oct. 10, 2022
-
US chip export curbs won't likely hurt Samsung, SK hynix: lawmaker
Amid a chaotic mood building among Korean chipmakers operating fabrication plants in China over Washington's chip export curbs on Beijing, a South Korean lawmaker said Sunday the companies are unlikely to be hurt, as the US would take some time to see to how the repercussions of its actions play out through the global supply chain. "(US authorities) are unlikely to be harsh in export controls on semiconductor equipment going to Korea-owned facilities, because the extent of (repercussions fr
Oct. 9, 2022
-
LG Electronics supplies autonomous robots to malls in Japan
LG Electronics said Sunday it has supplied autonomous robots to two locations of shopping mall chain Aeon in Japan. The multipurpose customer service robots, branded as the LG CLOi GuideBot, have recently begun operating in Aeon malls in Toki, a suburb of Nagoya, and Narita, 60 kilometers east of Tokyo, according to the South Korean tech giant, without specifying dates. The robots feature two 27-inch flat-panel displays with touch-screen functions at the front and the rear side. They can also co
Oct. 9, 2022
-
Science experts call for creation of national science hub
South Korea’s science experts have called for nationwide efforts to set up a national science hub in order to gather the country’s scientific talents and research efforts. According to the Science Dreamland, an incorporated association, over 100 figures from the science and technology sector, local governments and companies gathered to share thoughts on how to successfully push for building a national science hub at the National Assembly Members Office on Friday. The association refe
Oct. 7, 2022
-
Samsung's Q3 operating earnings to drop sharply on weak chip demand
Samsung Electronics is expected to log a sharp drop in its quarterly operating profits as the company on Friday announced that its tentative third-quarter operating profits are estimated at 10.8 trillion won ($7.7 billion), a 31.73 percent decline on year. According to the South Korean chipmaker, its operating profits from the third quarter will also have declined by 23.4 percent on quarter. The downfall will mark the first quarterly dip in the company’s operating profits since the fourth
Oct. 7, 2022
-
Samsung has no plan to cut chip production
Samsung Electronics, the world’s largest memory chip maker, has denied any plans to reduce production of memory chips, amid widespread fear of an economic slowdown and falling chip prices. “We have no plan to do so for now,” Han Jin-man, senior vice president of Samsung’s memory chip business division, told reporters at a tech forum on Wednesday in San Jose, California, in response to a question about potential production reduction plans. Han’s remarks come as Sam
Oct. 6, 2022
-
Heads of Samsung, SoftBank meet in Seoul
Samsung Electronics Vice Chairman Lee Jae-yong and SoftBank founder Masayoshi Son held talks on Tuesday over ways for a strategic alliance between the chips-to-mobile giant and SoftBank-backed chip intellectual property giant Arm, according to industry sources on Wednesday. The meeting at Samsung Electronics’ Seoul office was also accompanied by Samsung’s co-CEO Kyung Kye-hyun, who oversees semiconductor business, and mobile business chief Roh Tae-moon, as well as Arm CEO R
Oct. 5, 2022
-
LG Energy Solution launches two in-house ventures
LG Energy Solution said Wednesday it has launched two in-house ventures, called KooRoo and AVEL, allowing its employees more independence and flexibility to spur innovation in its battery business ecosystem. KooRoo is a battery as a service (BaaS) company that offers services based on data generated throughout the whole life cycle of batteries. Their first project is a battery pack replacement service for two-wheeled vehicles like an electric bicycle. AVEL is an energy as a service (EaaS) compan
Oct. 5, 2022
-
SK hynix seeks full autonomy on neon supply chain by 2024
South Korean memory chip manufacturer SK hynix on Wednesday pledged to achieve a 100 percent procurement of domestically produced neon gas, a critical material for chip production, by 2024. SK hynix added that 40 percent of neon gas used for chip production is already locally produced in Korean chipmakers' bid to stabilize chip supply chain and reduce their reliance on imports of the specialty gas. Neon gas makes up about 95 percent of excimer laser, a ultraviolet light source for photolith
Oct. 5, 2022
-
Naver to buy US social commerce platform Poshmark for $1.6b
South Korean IT giant Naver will buy Poshmark, the largest social commerce marketplace in North America, for a total of $1.6 billion (2.3 trillion won), the companies said Tuesday. Naver will acquire all of Poshmark stocks at $17.9 per share in a buyout worth approximately $1.2 billion. The rest of the $1.6 billion deal includes consideration for Poshmark’s cash holdings of some $580 million. As the biggest acquisition ever for a Korean IT company, Wednesday’s announcement marked t
Oct. 4, 2022
-
Samsung aims to produce 1.4nm chips from 2027
Samsung Electronics unveiled a five-year road map for its contract chipmaking business Monday, saying it would start producing chips using the 2-nanometer technology in 2025 and the 1.4-nanometer technology in 2027. The new plan came after the South Korean tech giant became the first chipmaker to produce chips on the 3nm production process, the most sophisticated chipmaking technology in the market, in June. Chips with smaller nanometer ratings are more powerful, as they can fit in more transist
Oct. 4, 2022
-
[From the Scene] SK expands manufacturing capacity to meet growing global demand
SEJONG -- SK Group, South Korea’s second-largest conglomerate by market capitalization, is looking to expand its contract development and manufacturing organization businesses with the completion of SK Biotek Sejong plant’s third pharmaceutical manufacturing facility. With SK Biotek’s Module 3 launch in September, the Sejong Plant’s total manufacturing capacity increased by over 50 percent to 290 cubic meters. Combined with Modules 1 and 2, the plant can now produce up t
Oct. 4, 2022
-
[Contribution] New R&D pre-feasibility study system 'dons the cape of innovation'
Since I took office as vice minister for science, technology and innovation, many of the opinions suggested by the research community called for improvement of the "preliminary feasibility study system for national research and development projects,” hereafter referred to as the “R&D pre-feasibility study.” Suppose a huge R&D project had been planned to develop high-performance technologies and state-of-the-art infrastructure in line with global trends. But when th
Oct. 4, 2022
-
Korea's 1st homegrown COVID-19 vaccine maker underlines global partnership
As SK Bioscience is poised to contribute to the world’s prolonged battle against the COVID-19 pandemic with its SKYCovione vaccine, the South Korean vaccine maker has underlined the importance of global partnerships in developing the country’s first homemade COVID-19 vaccine. SK Bioscience joined hands with the Institute for Protein Design at the University of Washington School of Medicine to develop SKYCovione, a self-assembled nanoparticle vaccine. The development process was also
Oct. 3, 2022
-
All eyes on SoftBank chief’s Seoul visit on Arm deal
SoftBank Group Corp. CEO Masayoshi Son arrived in Seoul on Saturday to meet business leaders, including Samsung Electronics Vice Chairman Lee Jae-yong, on a possible deal involving UK chip designer Arm. His visit comes after the Samsung chief hinted at their planned meeting late last month upon arrival from a business trip to the UK, where Arm is based. In the next day, Son also confirmed the meeting, saying he planned to discuss a strategic alliance with Samsung on Arm. Their possible meet-up r
Oct. 3, 2022
-
Korean airports to expand operation of biometric check-in system
South Korean nationals traveling through South Korea’s airports are expected to enjoy wider access to a new check-in system that works with biometric information obtained through palm vein recognition technology. The Korea Financial Telecommunications and Clearings Institute (KFTC) said Friday it had signed a business agreement with the Korea Airports Corporation and nine major financial corporations to operate the new biometric check-in system at 14 gateways across the country. Incheon Ai
Sept. 30, 2022
-
Chip wafer maker SK Siltron to invest W2.3tr by 2026
South Korean semiconductor chip wafer supplier SK Siltron announced Thursday that it plans to invest a combined 2.3 trillion won ($1.6 billion) over the course of five years until 2026. The capital will be used to increase the production capacity for its wafer plants in Gumi, North Gyeongsang Province. SK Siltron will also create 1,000 new jobs for its wafer plants. As part of the plan, SK Siltron's board on Thursday approved a 855 billion won spending plan to expand the production capacity fo
Sept. 29, 2022