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S. Korea to sell W13tr won worth of Treasurys in February
[Today’s K-pop] TXT youngest group to sell 2m albums
North Korea holding off nuclear test for leverage: elite defector
Customs vows to combat drug trafficking via dark web
Seoul Mayor urges disabled groups to halt subway protests
N.Korea threatens US to face ‘toughest’ response
Doctors protest budget cut of state hospital for infectious disease control
'Boys Planet' strives to thwart vote-rigging concerns
Seoul stocks end higher after Fed decision
UN chief backs S. Korea’s efforts to disarm N. Korea
Webtoon ‘Dark Moon: The Blood Altar’ records 100 million views
J-Hope of BTS drops teaser trailer for ‘J-Hope IN THE BOX ‘ documentary
Mask manufacturers face bankruptcy amid eased masking rules
US Fed hike, inflation create rate-setting challenge for BOK
Cosmetics sales pick up after mask rules eased
Berlin festival-bound ‘Kill Boksoon’ set for March 31 Netflix release
[Photo News] Self-service bag drop
[Photo News] Renewed sales push in Japan
Overseas Koreans Foundation provides traditional instruments, costumes
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Jie Ye-eun
안녕하세요 Jie Ye-eun 기자입니다.
yeeun@heraldcorp.com
Articles by Jie Ye-eun
LG Electronics’ Q4 operating profit estimated to nose-dive 91%
Technology
Jan 6, 2023
LG Electronics said Friday it expected its 2022 fourth-quarter operating earnings tumbled more than 91 percent from a year prior, amid its home appliance unit’s sluggish performance coupled with global recession woes. LG estimated operating profit for the October-December period came in at 65.5 billion won ($51.6 million), down 91.2 percent from the same period a year before, according to the co...
Samsung Electronics' Q4 operating profit set to plunge nearly 70%
Technology
Jan 6, 2023
Samsung Electronics predicted Friday that its 2022 fourth-quarter operating profit would plummet 69 percent from a year earlier, as its main semiconductors business faced major headwinds from weakening demand for chips and home appliances amid recession woes. In its earnings guidance, the South Korean tech giant estimated its October-December operating profit to be 4.3 trillion won ($3.4 billion...
[CES 2023] LG's OLED tech marks 10th anniversary
Technology
Jan 5, 2023
Ching Wan Tang, a professor of chemical engineering at University of Rochester and Hong Kong University of Science & Technology, appreciated LG's hard efforts to manufacture "sensible" products, calling LG "the biggest winner" among OLED TV manufacturers. The professor is known for his co-invention of OLED in 1987. Barry Young, president and CEO of OLED Association, also sent a congratulatory m...
[CES 2023] LG Innotek to show off self-driving tech at CES
Technology
Jan 5, 2023
LAS VEGAS -- LG Innotek said Thursday it will showcase a series of its latest innovative technologies and products related to autonomous driving and the metaverse at the Consumer Electronics Show 2023 set to be held from Thursday to Monday in Las Vegas. It will mark the first time the electronics component manufacturer opens a booth to the public at the annual event, the world’s largest tech con...
[KH Explains] Will hefty tax breaks be Korean chipmakers’ savior?
Industry
Jan 4, 2023
The South Korean Finance Ministry on Tuesday proposed a plan to further expand tax breaks for the semiconductor industry to the world’s highest level amid escalating competition among chip powerhouses globally. The local industry hailed the decision as indicating the government’s renewed commitment to boosting the crucial chip industry, but uncertainties remain about its effectiveness, and whethe...
Tesla slapped with W2.85b in fines for misleading ads
Industry
Jan 3, 2023
South Korea’s antitrust regulator said Tuesday it is imposing a fine of over 2.85 billion won ($2.23 million) on US electric vehicle maker Tesla and Tesla Korea for deceiving local consumers with false and exaggerated advertisements. The penalty on Tesla is assessed for advertising its battery performance on its official website here dating to August 2019 for exaggerating that its electric vehic...
‘Seize chances to thrive in times of crisis’
Industry
Jan 2, 2023
By Business Desk New opportunities can arise from out of crises. Chiefs of Korea's top conglomerates are banking on words of wisdom for the year ahead as businesses face an age of relentless changes stemming from geopolitical conflicts, inflationary pressures and a recessionary environment. To overcome factors dragging on business activities, uncovering their own path to thrive for growth has b...
[Newsmaker] Chip supremacy gives South Korea more geopolitical freedom: lawmaker
Economy
Jan 2, 2023
Yoon orders finance ministry to consider bigger tax break for chip sector
Economy
Dec 30, 2022
President Yoon Suk-yeol on Friday ordered ministries to actively consider measures further expanding tax incentives for the semiconductor sector and other national strategic industries. Yoon requested the Ministry of Economy and Finance to come up with ways to further expand tax benefits for national strategic technologies such as semiconductors as they are "our security assets and core technolo...
Samsung to offer hefty bonuses to workers at chip business division
Industry
Dec 29, 2022
Samsung Electronics will provide a maximum of 50 percent of their annual salaries as bonuses to the employees of its chip business unit at the end of January, industry sources said Thursday. The world's biggest memory chipmaker has reportedly informed its executives and employees about the detailed plan for annual incentives, dubbed the overall performance incentive (OPI), a day earlier. Samsun...
KT CEO seeks second term on upbeat sales
Industry
Dec 28, 2022
South Korean telecom giant KT Corp. said Wednesday it has appointed its incumbent CEO, Ku Hyeon-mo, as the final candidate to take the helm at the company. The company’s CEO candidate review committee on the same day assessed whether Ku was eligible for a second three-year term. After conducting preferential reviews for seven times, the committee informed the company’s board of directors that Ku...
[Photo News] Convertible Laptop
Technology
Dec 28, 2022
Samsung Electronics on Wednesday unveiled its Galaxy Book2 Pro 360, a 2-in-1 laptop with a 360-degree hinge that flips from PC to tablet in a snap, while offering a touch screen and S Pen. The product is equipped with the Qualcomm Snapdragon 8cx Gen 3 processor. It rolls out on Jan. 16.
Samsung CEOs hold rare meeting amid recession woes next year
Technology
Dec 28, 2022
South Korea’s largest conglomerate Samsung Group recently held a rare gathering of CEOs of all affiliates in an apparent move to ramp up preparedness for a global economic downturn next year coupled with falling chip prices, unfavorable currency rates and further rate hikes, according to industry sources on Wednesday. The high-level meeting was convened at the Samsung Electronics Leadership Cent...
Samsung drives 63% surge in foldable phone sales in Q3
Technology
Dec 27, 2022
Global shipments of foldable smartphones shot up more than 60 percent in the third quarter this year, despite the stagnant smartphone market, owing to high sales of Samsung Electronics’ foldable devices, according to industry tracker Counterpoint Research on Tuesday. From July to September, foldable smartphone shipments worldwide surged about 63 percent on-year to 6.08 million units. Although th...
Public utility charges to rise to cover snowballing debts
Industry
Dec 26, 2022
As operators have failed to secure sufficient funds to compensate for a growing deficit, subway fares in Seoul will likely rise next year. This will mark the first time in nearly eight years since the last hike in June 2015 from 1,050 won to 1,250 won. On Saturday, the National Assembly passed a 638.7 trillion-won government budget for 2023, but did not allocate a budget for public service oblig...
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