Most Popular
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Yoon banned from leaving country
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[Exclusive] ‘Troops paused on way to Election Commission, felt something was up’
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Korean millennials, Gen Z make presence felt at protests
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Power struggle intensifies among investigative bodies over Yoon Suk Yeol’s martial law case
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'Orderly retreat' struggles to win support
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Next impeachment vote against Yoon to take place Saturday
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'Squid Game 2' will leave audience reflecting on social chaos of today
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Ruling party lawmaker to back impeachment motion
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Assembly to vote Tuesday on Yoon insurrection probe
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Cheaper Chinese chips hamper profit outlook for Samsung, SK hynix
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Hanjin eyes bigger footing in the US fulfillment services market
Hanjin Logistics, an affiliate of South Korean airline-to-logistics conglomerate Hanjin Group, is ramping up efforts to improve its fulfillment services and attract more corporate customers seeking to enter the US market. Earlier this month, CEO Noh Sam-seok and Emily Cho, president and chief marketing officer, traveled to the US for meetings at the company's local headquarters as they plan to expand the logistics firm's fulfillment business on the US east coast, according to the compa
Nov. 15, 2024
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ZYX Technology inks partnership with Chonnam University to nurture tech talent
South Korean design software developer Zyx Technology announced Friday that it has signed a memorandum of understanding with Chonnam National University, aiming to foster tech talent and strengthen collaboration. Under the agreement, the company said it will provide academic support, including free access to cutting-edge design software and opportunities for joint research and development of artificial intelligence software. As a member of the Innobiz Association, Zyx Technology has developed a
Nov. 15, 2024
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Samsung, LG clean up at CES 2025 Innovation Awards
Korean tech giants Samsung Electronics and LG Electronics were recognized with a slew of prizes at the CES 2025 Innovation Awards for their newest products, ahead of the world’s largest tech trade show set to be held in Las Vegas in January. In this year’s program, Samsung won 29 awards, including four best of innovation products, while LG received 24 awards with three top innovation winners. The Consumer Technology Association organizes the annual competition honoring outstanding de
Nov. 15, 2024
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Toss posts record revenue in Q3, led by brokerage biz
Viva Republica, the operator of mobile financial service Toss, posted record-high revenue in the July-September period, gaining traction for a potential US listing. According to the company on Thursday, its third-quarter revenue soared 47.5 percent to 502.1 billion won ($356 million) from a year ago, largely buoyed by its diverse business portfolio ranging from internet banking to digital brokerage. With the latest figure, the company's cumulative revenue this year stood at 1.41 trillion wo
Nov. 14, 2024
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Upbit D Conference explores how to bridge crypto with real world
Dunamu, the operator of South Korea's largest cryptocurrency exchange Upbit, hosted the Upbit D Conference on Thursday, discussing how blockchain technology can bring changes into the real world. This year’s event, in its seventh edition, was held under the title of "Blockchain: Powering Real World Change." “Blockchain is no longer an invisible technology. Just a few years ago, blockchain was considered unfamiliar and complex, but now we can see that perceptions in Kor
Nov. 14, 2024
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[Security Forum] Trump’s return mixed bag for Korean economy: trade experts
Trade specialists agreed that Donald Trump’s second term could be both a boon and bane for Korean businesses as they discussed the outlook for policy changes under the upcoming US president during The Korea Herald Security Forum held in Seoul on Wednesday. Over 200 foreign affairs and trade specialists, lawmakers and ambassadors joined the inaugural event, titled “Alliance after US Election 2024: A Seoul Perspective.” The second economic and technological security session was m
Nov. 14, 2024
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Samsung, SK to unveil supercomputer chips at SC24
South Korean chipmakers Samsung Electronics and SK hynix will showcase their latest chips for artificial intelligence applications and supercomputing at Supercomputing 24, the largest international conference on high-performance computing, next week. The annual event which first kicked off in 1988 and is organized by Association for Computing Machinery and the IEEE Computer Society, will take place at the Georgia World Congress Center in Atlanta, from Sunday to Nov. 22. The Korean chipmakers wil
Nov. 14, 2024
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[Photo News] Next-gen logistics
Hanjin Logistics Corp. President and Chief Marketing Officer Emily Cho introduces the company's new smart logistics technologies, including drone inventory management and smart glasses for workers, at the Hanjin Southern Seoul Integrated Logistics Center in Seoul on Wednesday. By leveraging these smart devices, Hanjin said it aims to increase logistics efficiency, strengthen customer data security and lead innovation in logistics management. (Hanjin Logistics Corp.)
Nov. 14, 2024
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CJ's new cold chain logistics center opens in Georgia
CJ Logistics, South Korea’s largest logistics firm, announced Thursday that it has commenced operations of its new cold chain logistics center in Gainesville, Georgia. The facility spans 24,904 square meters, with 90 percent dedicated to cold chain logistics and the remaining 10 percent allocated for ambient storage. The center can adjust the temperature in accordance with each product’s storage requirements. The center features a blast-freezing system that rapidly lowers product tem
Nov. 14, 2024
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Solidigm launches industry's largest capacity eSSD for AI data centers
Solidigm, an SK hynix-affiliated NAND flash memory solutions provider, said Wednesday it is launching a new enterprise solid-state drive boasting the industry's largest capacity of 122 terabytes for AI data centers. According to the memory chip maker, the new eSSD solution D5-P5336 has been developed based on its quadruple-level cell technology, storing four times more data than conventional eSSDs. "We were the first chip firm to commercialize the QLC-based high-capacity SSDs, supplyin
Nov. 13, 2024
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Korea Zinc pulls back on capital increase scheme
Korea Zinc Chairman Choi Yun-beom on Wednesday apologized to the public, canceling the company’s hastily-made capital increase plan that sent its shares on a roller-coaster ride in recent weeks. “Though the capital raise was planned to strengthen a more diverse and independent shareholder base consisting of general investors, I offer my sincere apology as the plan, drawn up in urgent and desperate circumstances, was inconsiderate of existing shareholders,” Choi said at a press
Nov. 13, 2024
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[Contribution] Investment diary of a CIO’s son
By Steve Brice My youngest son is starting out on his investment journey. As background, he has been gifted some money, which he wants to invest for at least 7-10 years. He is not interested in finance, although he is interested in making money. He is about to go to university in February and expects to be busy. Therefore, he wants to have an investment plan which he does not have to monitor excessively. He is obviously worried about investing at exactly the wrong time, as is common with most
Nov. 13, 2024
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Hyundai Glovis to build massive logistics center in Busan
Automotive logistics provider Hyundai Glovis is set to build a large-scale logistics complex at Busan New Port, one of the busiest container ports globally. The facility, targeted for completion by 2027, will support South Korea’s growing trade demand, the company said. Hyundai Glovis said Wednesday it had signed a land purchase agreement for nearly 95,000 square meters -- about 13 soccer fields -- in the Ungdong Distripark Phase 2, a newly developed area within Busan New Port specifically
Nov. 13, 2024
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Kolmar wins trade secret case against Intercos
South Korea’s leading cosmetics original design manufacturer Kolmar Korea said Wednesday it recently won a lawsuit against Intercos Korea, the Korean subsidiary of Italian cosmetic firm Intercos that was accused of transferring trade secrets of Kolmar’s sun care technology. On Oct. 18, the Suwon District Court imposed a 5 million won ($3,700) fine on Intercos Korea for violating the trade secret protection law. The ruling was finalized after the company chose not to appeal. The all
Nov. 13, 2024
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Will Samsung team up with foundry rival TSMC?
Samsung Electronics, the tech giant known for its independence as a manufacturer, made a surprise announcement last month hinting it may outsource a key component of its cutting-edge artificial intelligence chips to its Taiwanese rival TSMC. Experts say this comes as the world's largest memory chip maker faces mounting pressure from its global competitors in the increasingly crucial AI chip sector, a headwind that has directly contributed to Samsung's earnings slowdown. “We are c
Nov. 13, 2024
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AmCham CEO Servers’ Night sets fundraising record
The American Chamber of Commerce in Korea announced Wednesday that it has hosted the 17th fundraising event for student scholarships together with its charity arm, Partners for the Future Foundation. The AmCham CEO Servers’ Night was held at the Conrad Seoul Hotel, bringing together 35 CEOs and C-level executives from AmCham member companies. After being trained by hotel staff, the top executives personally served wine and dinner to 430 guests to show their appreciation. “It is truly
Nov. 13, 2024
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Japan’s JSR to produce advanced chip materials in Korea
Japan’s JSR Corporation, the world's top photoresist manufacturer, kicked off construction of its first semiconductor photoresist factory in Cheongju, North Chungcheong Province, on Tuesday. The new plant, being built under its Korean unit JSR Micro Korea, is set to become operational in 2026 and start supplying its advanced photoresist metal oxide resist (MOR) to Korean chipmakers, including Samsung Electronics and SK hynix. MOR has been rising as a cutting-edge alternative to low-qu
Nov. 12, 2024
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Trump sours K-food outlook in US
After years of record exports, especially to the US, Korea’s food industry is now keen to gauge the impact of Donald Trump’s second presidency. The outspoken leader declared during this campaign that he could impose blanket tariffs of 10 to 20 percent on all US imports, raising concerns for Korea’s key export items such as computer chips and cars. But it is often overlooked that the US remains the largest export destination for Korea’s agricultural and seafood products. I
Nov. 12, 2024
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[Photo News] Canada navy visits Hyundai shipyard
CANADA NAVY VISITS HYUNDAI SHIPYARD Canada’s top naval officer, Vice-Admiral Angus Topshee (center), visited HD Hyundai Heavy Industries' Ulsan headquarters Tuesday as Canada ramps up efforts to strengthen its submarine fleet. Canada’s new Canadian Patrol Submarine Project envisions acquiring up to a dozen 3,000-ton submarines, and Hyundai’s advanced shipyard facilities are being closely considered as a potential partner. During his visit, Topshee toured Hyundai’s pr
Nov. 12, 2024
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KEF chief, Japanese ambassador vow to bolster economic ties
Member companies of the Korea Enterprises Federation met with Japanese Ambassador Koichi Mizushima on Tuesday to explore opportunities for deepening economic cooperation, as South Korea and Japan approach the 60th anniversary of normalized diplomatic relations next year. The business roundtable, held at the Westin Josun Seoul, brought together top Korean business figures and Japanese representatives to discuss future-oriented strategies for bilateral collaboration. In his opening remarks, KEF Ch
Nov. 12, 2024