Most Popular
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Korean labor force to shrink by 10 million by 2044: report
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[AtoZ Korean Mind] Does your job define who you are? Should it?
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Allegations surrounding BTS resurface, enraged fans demand apology
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Students with history of violence will be barred from becoming teachers
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Medical feud leaves hospitals in financial crisis
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Top prosecutor pledges 'speedy, strict' probe into first lady's luxury bag allegations
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Samsung mocks Apple over iPhone alarm glitch
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Chip up cycle won’t stay long: SK chief
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'Queen of Tears' riding high on Netflix chart
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Speaker floats dual citizenship as solution to falling births
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LG Chem receives positive phase 2 clinical study results for gout treatment candidate
LG Chem announced Thursday that the company received positive results from the phase 2 clinical trial of its gout treatment candidate LC350189 in the US. LC350189 is a novel nonpurine selective inhibitor of xanthine oxidase, which oxidizes both hypoxanthine and xanthine to uric acid. High uric acid levels can increase the risk of gout. The phase 2 clinical trial in the US, which involved 156 patients, showed efficacy of the gout treatment candidate in lowering uric acid levels, accordi
July 1, 2021
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Seegene inks partnership with Bio-Rad to sell its diagnostic tests in the US
South Korean diagnostics company Seegene said Thursday that the company has partnered with Bio-Rad Laboratories for the clinical development and commercialization of diagnostic products in the US. Under the agreement, Seegene will provide the company’s diagnostic tests for use on Bio-Rad’s molecular diagnostic CFX96 Dx Real-Time PCR Detection Systems. The contract will run for five years from the date that the two companies win approvals from the US Food and Drug Administration.
July 1, 2021
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LG U+ upbeat about Disney partnership on content streaming
The chief of LG U+, the smallest of the three major mobile carriers in South Korea, on Wednesday expressed confidence that Disney would choose it as the local partner for its Disney+ streaming service launch, slated for September. “Disney puts its top priority on customer convenience and requires very high standards in terms of quality of content service,” said CEO Hwang Hyeon-sik, during his first press conference since taking office seven months ago. His remarks were embargoed un
July 1, 2021
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S. Korea's 5G users near 16m in May
South Korean mobile users on 5G networks reached nearly 16 million in May, data showed Thursday, as telecom operators seek to expand applications of the next generation networks. As of the end of May, 5G subscriptions stood at 15.84 million, accounting for 22 percent of the total 71.45 million mobile subscriptions in the country, according to the data from the Ministry of Science and ICT. South Korea has a population of around 51 million. Top mobile carrier SK Telecom Co. had the most 5G subsc
July 1, 2021
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LG Uplus aims to expand non-telecom biz: CEO
LG Uplus Corp., one of three mobile carriers in South Korea, is aiming to boost its profile by expanding media and business-focused services beyond its established focus in telecommunications, its chief has said. Hwang Hyeon-sik, CEO of LG Uplus, said in a press conference Wednesday that he aims to raise the company's share of sales from non-telecom services to 30 percent of the total by 2025 from the current 20 percent. "The future B2B market will transition from a focus on infrastructur
July 1, 2021
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Samsung's Galaxy S21 Ultra wins best smartphone award at MWC 2021
Samsung Electronics Co. said Thursday its latest flagship smartphone, the Galaxy S21 Ultra 5G, has won the best smartphone award at the world's largest mobile telecommunications expo. The high-end model of the Galaxy S21 series was honored at the Global Mobile Awards at Mobile World Congress 2021 in Barcelona on Wednesday (local time), the South Korean tech giant said. The Galaxy S21 Ultra 5G, which was launched in January, competed for the award with the Galaxy S20 FE 5G, Apple iPhone 12 Pr
July 1, 2021
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S. Korea eases rules for phase 3 clinical trial of new COVID-19 vaccine
South Korea’s COVID-19 vaccine candidates can be evaluated through comparison with previously authorized vaccines. This means domestic vaccine developers will no longer have to recruit large control groups for a phase 3 clinical trial. According to the Ministry of Food and Drug Safety on Wednesday, the government has revised guidelines for phase 3 clinical trials in a bid to accelerate the development of homegrown vaccines against COVID-19. Under the new rules, drugmakers would need j
June 30, 2021
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Hundreds of 5G users file joint lawsuit over disappointing network services
Hundreds of 5G mobile users filed a joint lawsuit Wednesday against the country's three major mobile carriers -- SK Telecom Co., KT Corp. and LG Uplus Corp. -- over disappointing quality of the latest generation networks, according to their legal representative. Around 520 people are taking part in the joint lawsuit, which argues that carriers have offered incomplete 5G services, leading to poor network quality, Kim Jin-wook, an attorney at law firm Joowon, said. "The action seeks compens
June 30, 2021
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[News Focus] Korea’s IPTV business confronts challenges despite revenue increase
South Korea’s overall broadcasting industry suffered a drop in revenue last year, but IPTV operators bucked the trend, achieving a respectable 11 percent increase in revenue during the same period. Yet the 2021 outlook for the IPTV business remains mixed due to raging disputes over content fees. According to data released Tuesday by the Korea Communications Commission, the combined revenue of 342 broadcast operators stood at 18.1 trillion won ($16 billion) in 2020, up 340 billion won, o
June 30, 2021
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Korea launches mRNA vaccine consortium
South Korean biopharmaceutical companies have joined forces to co-develop and co-produce 100 million doses of a homegrown messenger RNA vaccine for COVID-19 next year, according to the Ministry of Health and Welfare on Tuesday. Dubbed the “K-mRNA vaccine consortium,” it will be led by three major firms -- Hanmi Pharmaceutical, GC Pharma and ST Pharm -- and backed by the Korea Pharmaceutical and Bio-Pharma Manufacturers Association and the Korea Innovative Medicines Consortium, a gr
June 29, 2021
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[News Focus] Ruling against Netflix signals impact on digital content market
A high-profile ruling made against Netflix last week by a Seoul court is expected to have repercussions on the Korean market, affecting not only viewers but also domestic and foreign internet companies. The court’s decision confirmed that the streaming service has an obligation to negotiate with mobile carriers over the payment of network usage fees. The legal battle traces back to November 2019, when internet service provider SK Broadband filed a complaint with a local telecommunicatio
June 29, 2021
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BTS meets robots in new Hyundai Motor clip
South Korea’s top automaker Hyundai Motor on Tuesday released a promotional video featuring K-pop supergroup BTS and robots, as part of efforts to reposition the company as a tech firm leading future technologies. Titled “Welcome to the Family with BTS,” the clip, which is around two and a half minutes long, was uploaded to the carmaker’s official YouTube channel. It seeks to make the field of robotics familiar to young people, by introducing Spot and Atlas of Boston Dy
June 29, 2021
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Hanmi announces positive phase 3 clinical trial results of its diabetes drug candidate
Hanmi Pharmaceutical said Tuesday that efpeglenatide, its long-acting diabetes drug candidate, had significantly reduced the incidence of major adverse cardiovascular events and kidney disease, quoting the results of phase 3 clinical trials. Sanofi, which has purchased the license for efpeglenatide from Hanmi, presented the results of the global, large-scale clinical trial at the American Diabetes Association’s 81st Scientific Sessions. The phase 3 clinical trial involved 4,076 patient
June 29, 2021
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Samsung Electro-Mechanics develops largest-storage MLCC for 5G phones
Samsung Electro-Mechanics said Tuesday the company has developed a multi-layer ceramic capacitor with the largest storage capacity for 5G smartphones. Known as MLCC, the component enables stable supply and control of electric charge within electronic devices. It is as thin as human hair. At least 1,000 capacitors are needed for today’s smartphones per unit. The Samsung unit said the latest MLCC is 1.0 millimeter by 0.5 millimeter and is capable of storing 27 microfarads of electric c
June 29, 2021
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Korea to offer 5G frequencies to non-telcos
South Korea will offer additional frequency bands for further 5G deployment and non-telecom companies are eligible to join the bid, the Ministry of Science and ICT announced Tuesday. The wireless spectrums to be provided are a 600 megahertz block of a 28 Gigahertz frequency band and another 100MHz block of 4.7GHz. According to the ministry plan, the government will divide the 28GHz band into 12 blocks, and the 4.7GHz band into 10 blocks for the frequency rollout and companies or institution
June 29, 2021
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LG's OLED TVs support Dolby Vision Gaming at 4K, 120Hz
LG Electronics Inc. said Tuesday its OLED TVs now support an advanced video processing technology for gamers at 4K resolution with 120Hz refresh rate as the South Korean tech giant tries to beef up its presence in the gaming community. Through a software update, LG said its 2021 OLED TV models, including the G1 and C1, are compatible with Dolby Vision Gaming at 4K, 120Hz, becoming the industry's first TV products to support the solution in such picture settings. Previously, LG's TV supported
June 29, 2021
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Samsung SDS signs partnership with US software firm ServiceNow
Samsung SDS Co., an IT service unit of Samsung Group, on Tuesday said it has signed a partnership with US-based software firm ServiceNow Inc. to expand cloud-based businesses. Under the deal with ServiceNow, Samsung SDS will utilize its IT service management solutions to help enterprise customers' digital transformation efforts. The two also agreed to join forces to develop technologies in the field of artificial intelligence and natural language understanding to seek growth opportunities.
June 29, 2021
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SK Telecom teams up with Genesys to launch AI call centers
SK Telecom Co., South Korea's largest mobile carrier, said Tuesday it has teamed up with US call center technology company Genesys to launch a contact center service powered by artificial intelligence (AI). AI call centers have recently risen in popularity as they can reduce tasks handled by traditional call center agents by using speech recognition and natural language processing technology to respond to simple and repetitive user queries. SK Telecom said it has partnered with Genesys, which
June 29, 2021
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Samsung unveils new smartwatch interface
Samsung Electronics Co. on Tuesday unveiled its new smartwatch interface that will run on the upcoming unified wearable operating system (OS) with Google as the South Korean tech giant eyes to expand its presence in the wearable device market. Samsung introduced One UI Watch at its virtual session of this year's Mobile World Congress, saying the new interface aims to deliver a more connected experience between the Galaxy Watch and smartphones. One UI Watch will be available for new OS jointl
June 29, 2021
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[News Focus] Netflix’s net neutrality logic loses ground in Korea
A Seoul court’s decision last week that effectively confirmed Netflix‘s obligation to pay network usage fees to mobile carriers suggests that the global video streaming giant might have to change its business strategy in South Korea, according to industry sources Monday. The US-based content provider that raised 415.5 billion won ($367.6 million) in revenue in Korea alone last year has not been paying network fees to provider SK Broadband, the internet protocol TV subsidiary of SK
June 28, 2021