Samsung Electronics Chairman Lee Jae-yong attended the awards ceremony for the Samsung Ho-Am Prize held in Seoul, Thursday, renewing his commitment to inheriting the group’s founding spirit of “patriotic industrial service,” according to company officials. It was the first time for Lee to take part in the annual event as chairman of the tech giant. The Samsung Ho-Am Prize, which uses the pen name of Samsung Group’s late founder Lee Byung-chull, was established in 1990 by

Kakao search engine business loses steam; seeks last-ditch efforts for new AI-powered services

Hyundai Elevator announced Thursday that it has launched an advanced elevator maintenance service, called Miri, which integrates the Internet of Things, artificial intelligence, big data and robotics technologies. The new Miri, which means “in advance” in Korean, reflects the company’s commitment to providing the best customer satisfaction, the company said. Hyundai Elevator held the launch event at its smart campus in Chungju, North Chungcheong Province, with CEO Cho Jae-cheon

S. Korean mobile game giant aims to stop and turn around continuing losses

US chip giant Intel, which takes up over 70 percent of the global CPU market, is expected to establish a semiconductor data center development lab in Seoul to ramp up cooperation with major chipmakers here. The tech giant revealed the plan to build such research facilities in six countries, which also include the United States, Taiwan, China, India and Mexico, at Intel Vision 2023 last week in Taiwan, according to industry sources here on Thursday. In Seoul, the envisioned facility will be dubbe

Merck said Wednesday it introduced new barrier materials that offer superior flexibility, higher reliability and longer lifespan in flexible OLED devices, when compared to existing solutions. Fully flexible OLED displays utilized in foldable, rollable and stretchable devices require a reduction of about 60 percent of the display module’s thickness when compared to standard displays. But because OLEDs are highly susceptible to degradation by moisture and oxygen, an encapsulation or barrier

The mobile webpage of Naver, South Korea’s largest online portal, suffered a brief service disruption early Wednesday after North Korea launched what it called a military reconnaissance satellite. According to Naver, its the server went down for about five minutes, from 6:43 a.m. to 6:48 a.m. due to high traffic, soon after the Seoul Metropolitan Government issued an emergency alert text message urging people to prepare for evacuation at 6:41 a.m. The message said the city government had i

South Korean health care company Boryung has launched a global space initiative to advance human activities in space with industry-leading partners, the company said Tuesday. Boryung has joined hands with Axiom Space, a US commercial space station developer, and the Space Exploration Initiative, a research institute at the Massachusetts Institute of Technology, for the Humans in Space program. The HIS program marks the second global-scale space project for Boryung, after the South Korean health

South Korea’s privacy watchdog is gearing up to post new guidelines next month mandating user consent for personalized online ads hosted by advertisers in Korea. Under the proposed regulation, currently being drafted by the Personal Information Protection Commission, users would be obliged to opt in or out of personalized ads each time they navigate a new online page, regardless of login and membership status. “Although such a guideline is being drafted, the details are not confirmed

SK Bioscience announced on Tuesday that its COVID-19 vaccine SKYCovione received approval from the UK Medicines and Healthcare products Regulatory Agency. SKYCovione has been approved for first and second primary series doses for adults aged 18 and over in England, Scotland and Wales, SK Bioscience added. SKYCovione is a recombinant antigen-based COVID-19 vaccine, jointly developed with the Institute for Protein Design at the University of Washington. The vaccine also contains GlaxoSmithKline&rs

Chinese propaganda media urges Korean chipmakers to fill up gap of US chipmaker

SK hynix said Tuesday that it has completed the development of the industry’s most advanced 10-nanometer technology-based DDR5 DRAM for servers and has entered a validation process together with US chip giant Intel. The latest fifth-generation DDR5 DRAM is the first of its generation being tested at the Intel Data Center Certified memory program for DDR5 products to run on Intel Xeon Scalable platforms. The chips boast an operating speed of 6.4 gigabits per second, the fastest speed amon

Samsung Electronics said Monday it is offering a self-repair service program in South Korea for key products, including Galaxy smartphones, laptops and TVs, following the program's debut in the US last year. Under the program, the tech giant allows consumers to purchase parts and tools online to repair their devices themselves without having to visit a service center. The first products in the lineup for the service include the Galaxy S20, S21 and S22 smartphones, Galaxy Book Pro laptops an

LG Electronics said Monday it recently donated energy-efficient air conditioners to a general hospital in Nigeria as part of its ongoing social contribution activities in the region. Africa, along with the Middle East, is one of the fastest-growing markets for the Korean tech giant. Its air conditioners alone posted more than 20 percent growth in sales last year.

Unmanned Exploration Laboratory works on crafting space-level roving vehicles