Most Popular
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Opposition-led Assembly unilaterally passes bill to probe Marine's death
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Inflation eases in April, continues bumpy ride
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Golden chance to liquidate babies’ gold rings?
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Seoul to more than double military drones by 2026 to counter NK threats
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Russia sent more than 165,000 barrels of refined petroleum to N. Korea in March: White House
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Seoul alerts overseas missions to NK terror threats
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Over 60% of S. Koreans support W100m childbirth incentive: survey
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Key suspects grilled over alleged abuse of power in Marine death inquiry
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‘Inside Out 2’ adds four new emotions, explores teenage life
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Questions raised over fair promotion of RM, NewJeans
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[Weekender] The mundane job of teaching AI about the real world
Tech evangelists say artificial intelligence and robots will one day liberate humans from simple and repetitive physical or cognitive tasks. But before we are all freed from the tedium of such chores, AI first needs an army of patient workers to teach it the subtleties of the real world, such as how to differentiate between a cat and a dog. Known as data labelers or data annotators, these workers handle large amounts of raw data, made up of images, videos or audio record
Aug. 20, 2022
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SK buys $150m stake in US energy solution firm Atom Power
SK Group, South Korea‘s second-largest conglomerate by assets, has completed a $150 million deal to buy a stake in US energy solution firm Atom Power, according to the group Thursday. The group’s affiliates, holding company SK Inc. and oil refinery SK Energy, have purchased the undisclosed amount of the controlling stake. Atom Power, based in Huntersville, North Carolina, is dedicated to semiconductor chip-powered solid-state digital circuit breakers for customized control of ele
Aug. 18, 2022
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Eurocell to build $800m battery plant in Netherlands
A next-generation secondary battery joint venture backed by South Korean manufacturers including Eurocell has been in talks with the Netherlands authorities to pick the nation as the site for its first European gigafactory, according to the company Thursday. The Anglo-Korean joint venture Eurocell EMEA, based in Birmingham, the United Kingdom, is expected to build the new facility in two phases following a total of $800 million investment by 2025. “With rapid expansion plans in Europe,
Aug. 18, 2022
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LX Semicon eyes Kospi listing
South Korean chip design house LX Semicon is seeking shareholder approval for a delisting from the stock market’s Kosdaq development board and a listing on the main board Kospi, filings showed Thursday. LX Semicon, a chipmaker dedicated to display driver integrated circuits for TVs and mobile phones, is scheduled to hold an extraordinary shareholder meeting on Sept. 23 at its headquarters in Daejeon. The listing change earned board approval Wednesday, 13 years after the listing on the Ko
Aug. 18, 2022
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Korea develops core equipment for NASA’s space telescope
The Korea Astronomy and Space Science Institute has developed core equipment required for the ground testing of NASA’s future space observatory project, the Ministry of Science and ICT said Tuesday. The state-run KASI has put together a cryogenic vacuum chamber for NASA’s project -- Spectro-Photometer for the History of the Universe, Epoch of Reionization, and Ices Explorer, also known as SPHEREx. If successful, the project will mark the world’s first observation of the entir
Aug. 17, 2022
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Full-fledged succession looms after pardon for Samsung's Lee Jae-yong
Samsung is envisioning a change in governance structure as a presidential pardon has virtually normalized de facto leader Lee Jae-yong’s control over the nation’s largest conglomerate. Lee Chan-hee, chief of Samsung’s independent compliance oversight committee, told the press before the committee’s regular meeting Tuesday that it is “working to address the corporate governance issue” of Samsung, while declining to elaborate further on the proceedings. &ldqu
Aug. 16, 2022
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Samsung unveils world’s largest gaming monitor
Samsung Electronics announced Tuesday that it has launched the world’s largest curved gaming monitor -- at 55 inches -- that wraps around users’ field of view to bring their gaming experience to the next level. “A curved monitor gives users a fully immersive experience if viewed from the distance of 80 centimeters, as a flat monitor would cover less of a user‘s peripheral vision,” Chung Kang-il, vice president of visual display at Samsung Electronics, said at a pre
Aug. 16, 2022
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Galaxy Watch5 adopts most advanced sleep tracking: Samsung exec
Samsung Electronics executive vice president Yang Tae-jong said the IT giant’s newest smart wearable device -- Galaxy Watch5 series -- offers the world’s most advanced sleep-tracking technology in a press conference held Thursday in New York, a day after the Galaxy Unpacked August 2022 event. “Galaxy Watch5 is loaded with various technologies including an innovative bioactive sensor that can measure biometrics to help (users) stay healthy. Galaxy Watch5 will be the best partn
Aug. 15, 2022
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Pardon clears way for Lee to fill Samsung’s leadership void, spur investment
President Yoon Suk-yeol’s decision to grant a special pardon on Samsung heir Lee Jae-yong on Friday is expected to speed up his return to leadership of Korea’s largest family-controlled chaebol and the world’s largest memory chipmaker. Set to be granted on Aug. 15 Liberation Day, the clemency will lift the employment restriction placed on him that was effective until 2027. This would open the door for the 54-year-old third-generation chaebol chief to be promoted to the chairma
Aug. 12, 2022
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[Newsmaker] [From the Scene] Korea's 1st domestic COVID-19 vaccine ready
ANDONG, North Gyeongsang Province -- Hundreds of vials were lined up on the belt of a packaging machine at L House, SK Bioscience’s vaccine manufacturing facility in Andong, North Gyeongsang Province, on Wednesday afternoon, as the developer of South Korea’s first homegrown COVID-19 vaccine SKYCovione is poised to roll out the vaccine’s first batch by the end of August. A few technicians, who were covered from head to toe with sterilized gear -- protective shoes, clothing and
Aug. 11, 2022
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By 2025, half of Samsung’s premium phone shipment will be foldables
Samsung Electronics mobile head, Roh Tae-moon, said the South Korean tech giant looks to target wider audiences with its Galaxy foldable phones in a bid to address the sluggish growth of its premium smartphones and macroeconomic headwinds, in a press conference held Wednesday, in New York. As the clamshell-type Galaxy Z Flip and book-type Galaxy Z Fold evolve, the combined shipments of two models by the world’s largest foldable phone maker will outsize that of other Galaxy premium smartp
Aug. 11, 2022
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[Newsmaker] Samsung foldables to get chipset upgrade
Samsung Electronics, a chips-to-smartphones company, said Wednesday it plans to roll out its clamshell Galaxy Z Flip 4 and foldable Galaxy Z Fold 4 on Aug. 26 in South Korea, the United States and Europe. Both the Z Flip 4, a more affordable version of the Samsung premium phone that would deploy foldable form factors, and the Z Fold 4, a workspace-dedicated tabletlike device, will boast enhanced camera features and chipsets that power them. The Z Flip 4 and Z Fold 4 will deploy a new mobile ch
Aug. 10, 2022
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Korean researchers develop homegrown fluorine-based polyimide film
Researchers at the Korea Institute of Production Technology said Wednesday that they have succeeded in developing a fluorine-based polyimide film, opening a leeway to produce the material without having to rely on imports from Japan. The film is a crucial part of foldable displays, as it gets rid of wrinkles when folded. It has been under the Japanese government’s export control since 2019, which had Korean manufacturers in a panic due to their heavy dependence on items produced in the nei
Aug. 10, 2022
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Samsung suffers heavier taxes, cost per hire than TSMC: think tank
The heavier burden of corporate taxes and cost per hire are weighing on South Korean chipmaking giants like Samsung Electronics, indicating the unfavorable conditions leave them behind competitors like Taiwan-based TSMC amid intensifying semiconductor competition worldwide, according to a local think tank Wednesday. Korea sets the maximum rate of the corporate tax at 25 percent -- imposed on taxable income of large business entities like Samsung -- as a result of a tax hike by 3 percentage poi
Aug. 10, 2022
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KCC to probe Apple, Google over in-app payment rules
The Korea Communications Commission will look into whether app market operators -- Apple, Google and One Store -- are in violation of a Korean law that bans forcing certain in-app payment methods among app developers, the regulatory agency said Tuesday. The fact-checking investigation will begin from Aug. 16, according to the KCC. App market operators that only allow certain payment options or refuse app registrations or updates of app developers that use external links for in-app purchases co
Aug. 9, 2022
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Korean battery makers keep close tabs on US Inflation Reduction Act
South Korean lithium-ion battery cell makers are expected to be beneficiaries once the Inflation Reduction Act comes into force in the United States, as the bill is likely to induce US electric vehicle makers to cut their reliance on Chinese battery components. But at the same time, Korean battery makers are now pressured to preemptively diversify their import sources of key materials out of China, as the new US bill is apparently aimed at countering China’s influence on the EV supply cha
Aug. 9, 2022
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Korea to draft frequency plan to support EVs, UAM
The South Korean government will draw up a frequency spectrum plan by the end of this year in efforts to support the growth of new industries such as electric vehicles, robots and urban air mobility, the Ministry of Science and ICT said Tuesday. “We hope that the government’s preemptive supply of frequency and policy improvements will serve as a foundation for Korea to lead the global market in various new industries, including wireless charging of EVs in times of digital transform
Aug. 9, 2022
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[Herald Interview] Due diligence on partners crucial for Korean biotech out-license deals
Korean biotechnology firms hoping to ink successful deals with foreign pharmaceutical companies must fully comprehend their potential partners’ A to Z’s, a legal expert in out-license deals said. “(Global big pharmas) want something that’s going to be successful and hopefully innovative, and both help patients and provide care, but also be valuable and create profit for the company,” Joshua Hofheimer, a partner and co-head of Global Life Sciences industry group at
Aug. 9, 2022
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Seoul weighs ‘Chip 4’ alliance as ties with China hang in balance
South Korea is poised to join a working-level meeting of government officials involving major chipmaking nations along with the United States, Taiwan and Japan, amid mounting concerns over China’s retaliation. Seoul has had to tread carefully around Beijing, as memory chip giants such as Samsung Electronics and SK hynix fear that its chipmaking base in China might be affected by Seoul‘s decision to join the so-called “Chip 4” alliance. President Yook Suk-yeol told repo
Aug. 8, 2022
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Coupang launches loan service
South Korean e-commerce giant Coupang is starting a service offering loans to small businesses on its online platform while enabling its customers to pay for purchases in installments, a filing with the Financial Supervisory Service showed Monday. Coupang Financial, a subsidiary created in January of this year, will lead the new business the top financial watchdog approved Friday. Some analysts consider the expansion part of Coupang’s efforts to offset losses, which have grown over t
Aug. 8, 2022