Most Popular
-
1
Russia sent more than 165,000 barrels of refined petroleum to N. Korea in March: White House
-
2
Key suspects grilled over alleged abuse of power in Marine death inquiry
-
3
[Graphic News] Number of coffee franchises in S. Korea rises 13%
-
4
S. Korean children, teens grow taller, mature faster than before: study
-
5
Some junior doctors are returning: Health Ministry
-
6
Army takes group action against Hybe for neglecting BTS
-
7
[Robert J. Fouser] AI changes rationale for learning languages
-
8
Woman dangling from power lines rescued by residents holding blanket
-
9
Marine Corps commander summoned by CIO for questioning on alleged influence-peddling case
-
10
Naver Q1 net income soars 1,171.9% on growth of major businesses
-
DataStreams suggests blockchain-based trading of big data
South Korean big data firm DataStreams said Thursday that it has presented a system for brokerless trading and circulation of big data using a blockchain solution. Ahn Hyun-joo, head of the firm’s product services department, and his two co-authors presented the research paper at a conference organized by the Korea Society of Management Information Systems on June 18. In their study, the trio offered a way to use blockchain technology to build an exchange platform for big data, enabling
June 24, 2021
-
Medytox to start phase 3 clinical study of new botulinum toxin treatment
Medytox will begin a phase three clinical trial of its next-generation botulinum toxin treatment MBA-P01, according to an announcement from the company Thursday. The firm’s investigational new drug application for the new botulinum toxin treatment gained approval the previous day from the Ministry of Food and Drug Safety. Medytox will carry out the study at four local medical institutes on a total of 318 people with moderate to severe glabellar frown lines. The firm has been developi
June 24, 2021
-
[Newsmaker] LG’s iPhone plan faces controversy
LG Electronics’ plan to start selling Apple’s iPhones at its stores is facing backlash from local phone distributors and a private consensus-based panel on shared growth on Thursday threw weight behind opponents, saying LG would be breaking its word if it pushes ahead with the plan. The Korea Commission for Corporate Partnership cited the firm’s pact with the commission signed in 2018 in which LG pledged to strive for co-prosperity with small players in the industry. LG,
June 24, 2021
-
LG CNS-RaonSecure to develop Korea’s 1st mobile ID
A consortium of LG CNS and RaonSecure said Thursday that it has won a state-led project to develop South Korea’s first digital identification. The IT solution affiliate of LG Group and the local cybersecurity solutions provider will together develop a digital version of the driver’s license by the end of this year for a project commissioned by the Ministry of the Interior and Safety and the Korea Minting, Security Printing and ID Card Operating Corp. Currently, three major telecom
June 24, 2021
-
KAIST teams up with SM Entertainment for metaverse research
KAIST, South Korea's top science university, said Thursday it is teaming up with K-pop powerhouse SM Entertainment Co. to conduct joint research on digital avatars for virtual concerts in an effort to boost development in metaverse technology. The metaverse -- a virtual environment where users interact through digital avatars -- has recently grown in popularity as the pandemic limits in-person contact. K-pop artists have been at the forefront in adopting the technology, holding virtual meetups
June 24, 2021
-
Winia to launch vaccine refrigerator in S. Korea.
Winia Dimchae, a South Korean home appliance brand specializing in kimchi fridges, announced Wednesday that the company would begin local sales of its ultra-low temperature freezer for COVID-19 vaccines, named Medibox. According to Winia, the Ministry of Food and Drug Safety has recently granted approval for the company’s Medibox, developed by WInia‘s telecommunications apparatus affiliate Dayou Plus. The new vaccine storage system has been categorized as a blood bank refrigerato
June 23, 2021
-
Samsung offers 6G vision, private network
Through its first event to introduce an array of 5th generation network technologies late Tuesday, Samsung Electronics has put its emphasis on preemptive investments in 6G to cement its position in the global network industry. Samsung is increasing its efforts on the 6th generation of wireless connections, to bring hyper-connected experiences to users, the tech giant announced during the virtual event streamed live from Seoul to the world. Called “Samsung Networks: Redefined,”
June 23, 2021
-
Samsung unveils 3 new 5G chips, one antenna radio
Samsung Electronics on Tuesday unveiled a set of innovative 5G solutions, three chips and one antenna radio, at its first virtual showcase event. Called “Samsung Networks: Redefined,” the show was streamed live from Seoul at 11 p.m., Korean time. It was the first event hosted by Samsung’s network business. The virtual event was held ahead of Mobile World Congress 2021, an offline event slated for June 28 in Barcelona, Spain. Last year’s congress was canceled due to th
June 22, 2021
-
LG Electronics unveils AI-equipped digital X-ray detector
LG Electronics Inc. on Tuesday unveiled a digital X-ray detector (DXD) with artificial intelligence (AI) solutions as the South Korean tech giant eyes to expand its presence in the medical equipment field. LG's latest DXD was introduced at Arab Health 2021, the largest medical equipment expo in the Middle East, which will run through Thursday in Dubai. The company plans to launch its new DXD in global markets, including South Korea and the United States, in the near future. The product is co
June 22, 2021
-
Celltrion founder's eldest son joins boardroom of Iksuda
Celltrion founder Seo Jung-jin’s eldest son Seo Jin-seok has obtained a seat in the boardroom of Iksuda Therapeutics, a UK-based antibody-drug conjugates developer, according to industry sources Monday. The latest change in Iksuda‘s boardroom came after Celltrion and Mirae Asset Group announced earlier this month a $47 million joint investment in Iksuda to acquire a controlling stake of the British company. According to Celltrion, Iksuda has agreed with the appointment of Seo Jin
June 21, 2021
-
State-led R&D expenditures near W24tr in 2020
South Korea spent nearly 24 trillion won ($21.26 billion) on state-led research and development (R&D) projects last year, up 16 percent from the previous year, the science ministry said Monday. The country's R&D expenditures last year amounted to 23.88 trillion won, up 15.8 percent from the previous year and the fastest rise in 15 years, according to the Ministry of Science and ICT. State-led R&D spending has increased by 7.2 percent on average annually from 2017 to 2020 under the
June 21, 2021
-
[News Focus] Coupang bets on Olympics to grow streaming service
E-commerce platform operator Coupang has once again surprised the market by winning the exclusive rights to broadcast the Tokyo Olympics online, apparently beating out local tech giants Naver and Kakao. For the deal, which has not yet been officially announced, Coupang may have agreed to pay up to 50 billion won ($44 million), industry observers said Monday, adding that it testifies the Nasdaq-traded firm’s strong intent to expand into the over-the-top content business. Since launching
June 21, 2021
-
Samsung launches upgraded Odyssey gaming monitors
Samsung Electronics Co. on Monday announced the global launch of its upgraded gaming monitors as the South Korean tech giant tries to boost sales amid the stay-at-home trend. The 2021 edition of Odyssey gaming monitors -- G70A, G50A and G30A -- will be available in major markets, including South Korea, according to Samsung. The 28-inch G70A comes with a price tag of 950,000 won ($840) here, while the 27-inch G50A will be sold at 650,000 won. List prices for the 27-inch and 24-inch G30A monit
June 21, 2021
-
Kakao rises to Korea’s 5th largest biz group
Kakao Group, which started off as a mobile messenger app operator and has aggressively expanded into new business territories, is now the country’s fifth-largest business group in terms of market cap, data shows. According to financial data from Korea Exchange and market researcher Infomax, the aggregate market capitalization of all Kakao firms stood at 73.9 trillion won ($65.1 billion) as of Friday. After a dizzying array of spinoffs, mergers and acquisitions in past years, Kakao ha
June 20, 2021
-
LG spurs expansion of OLED TV market with new sizes
LG Electronics, the world’s leading manufacturer of organic light-emitting diode TVs, is continuing to expand the market of self-emissive TVs by rolling out new size choices. The company is releasing in Korea and the US this month 83-inch OLED TVs, which it said will be the biggest 4K OLED TV in the world. In Korea, the new model will be available for 10.9 million won ($9,600). It is the latest addition to LG’s OLED TV lineup, which has consisted of 48 inches, 55 inches, 65 inc
June 20, 2021
-
DataStreams recognized for contributions to big data industry
DataStreams, a local big data solutions provider, has been recognized for its contributions to the development of the local big data industry by the Korea Society of Management Information Systems, the Seoul-based tech firm said Sunday. It has been chosen as the recipient of the 10th KMIS award, which recognizes and honors an outstanding corporation in information technology. DataStreams, with its persistent focus on research and development, has churned out a stream of innovative products an
June 20, 2021
-
Watching ‘meokbang’ can lead to health issues such as obesity: report
“Meokbang” (also known as “mukbang”), a compound word for “eating” and “broadcast” in Korean, is a popular form of content found on video platforms such as Youtube, AfreecaTV, Twitch, and Kakao TV. Meokbang streamers show themselves consuming large platefuls of junk food while simultaneously interacting with viewers. Along with the rise of one-person households in the country, people have gotten in the habit of watching meokbang while eating alon
June 19, 2021
-
Celltrion's COVID-19 treatment shows promise in variant cure
South Korean biopharmaceutical company Celltrion’s monoclonal antibody treatment Regkirona, or CT-P59, has shown initial promise in treating patients infected with COVID-19 variants, the company said Friday, quoting preclinical results from its recent animal test. Celltrion said it found that the injection of its COVID-19 treatment Regkirona significantly reduced viral titers in 50 experimental mice infected with the South African variant. The mice injected with Regkirona showed a 100 p
June 18, 2021
-
S. Korea to develop over 100 mini satellites by 2031
South Korea said Friday it will develop over 100 miniature satellites over the next decade with the aim of establishing a national security monitoring system and testing next generation network communications in its latest push to strengthen its space industry. The Ministry of Science and ICT said it would pursue such satellite development to encourage the private sector's involvement in the space industry as the mini satellites can be manufactured in a short amount of time at a relatively low
June 18, 2021
-
Korea revokes approvals for 1,700 communication equipment, devices
South Korea’s Ministry of Science and ICT said Thursday it has revoked approvals for around 1,700 pieces of network equipment and communications devices manufactured by a nearly 400 companies, including China’s Huawei and Korea’s Samsung Electronics. The decision affected a total of 1,696 pieces of equipment from 378 companies that were found to have test records certified by an entity not approved by the Korean government. Under the country’s radio wave law, communi
June 17, 2021