Articles by Kan Hyeong-woo
Kan Hyeong-woo
hwkan@heraldcorp.com-
ICT minister calls for caution on joining Chip 4
Amid pressure building on South Korea to join a US-led chip alliance that strategically isolates China from the global semiconductor supply chain, Science Minister Lee Jong-ho on Wednesday said in rare remarks that the government should be careful in making such a decision, citing its impact on other industries. “I have talked to business executives who have been to China. It’s difficult to talk about the details, as it is an ongoing matter, but we have to make a decision that will
Technology July 20, 2022
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SK Bioscience upgrades vaccine deal with Novavax
SK Bioscience has renewed a contract manufacturing organization deal with US biotech Novavax to produce COVID-19 vaccines targeted at preventing the spread of highly contagious variants such as BA.5, officials said Tuesday. The two firms had signed a CMO deal to produce Novavax’s COVID-19 vaccine last year. According to the South Korean company, the renewal will allow the transfer of Novavax’s technology to SK Bioscience, which will then manufacture Novavax’s undiluted COVI
Technology July 19, 2022
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[Newsmaker] [Reporter’s Notebook] The dark side of Nuri rocket’s success
While the entire country was still relishing the launch of South Korea’s first domestically developed rocket last month, unionized workers and engineers at the Korea Aerospace Research Institute came out with a rather surprising statement. “The satisfaction and joy of the second launch are passing by as we despair in the unimproved reality,” a statement by the union read. Citing government data, the union pointed out that the annual salary of the national space agency&rsquo
Technology July 18, 2022
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HanAll's myasthenia gravis drug enters phase 3 trial
HanAll Biopharma’s antibody therapy candidate for myasthenia gravis -- HL161, also known as batoclimab, a subcutaneous anti-FcRn antibody designed to treat autoimmune diseases -- has entered phase 3 clinical trials in the United States, the South Korean biotech said Sunday. Myasthenia gravis, or MG, is a rare autoimmune disease that happens when the nerve impulses are not properly transmitted to the muscles, eventually leading to weakness in the skeletal muscles. According to a research
Technology July 17, 2022
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Over half of Korean exporters concerned by lack of ESG preparedness
Over half of Korean exporters believed that their contracts with customers could be scrapped due to the lack of preparedness for environment, social and governance management, a survey conducted by the Korea Chamber of Commerce and Industry showed Sunday. According to the KCCI’s survey, 52.5 percent of the 300 participating companies said they felt that there is a high chance for their contractors to back out from deals with inadequate ESG management levels in their supply chains. Aske
Industry July 17, 2022
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KT, CJ ENM join forces to set up Korea’s largest streaming platform
KT and CJ ENM have decided to merge their over-the-top video streaming platforms -- Seezn and Tving -- to create the largest Korean-made video streaming platform. The merger could accelerate the growth of Korean video content, officials said Thursday. The two companies each held board of directors meetings and decided that KT’s Seezn will be absorbed by CJ ENM’s Tving. KT Studio Genie, which holds a 100 percent stake in Seezn, will become the third-largest shareholder of the newly
Industry July 14, 2022
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LG Uplus launches simpler bundle service
LG Uplus has launched a new subscription platform service that offers more convenient access, cheaper bundle deals and a simpler cancellation process in order to maximize customized experiences for its users, the South Korean mobile carrier said Thursday. The new subscription service‘s name, Udok, is a combination of Uplus and the latter part of the Korean word “gudok” meaning subscription. “Udok has three differentiating factors. First, it does not require contr
Technology July 14, 2022
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'Pace yourselves,' Huh tells students
Korean American mathematician June Huh -- winner of the 2022 Fields Medal, the highest award in mathematics -- encouraged young students to stay patient with themselves when trying to figure out what they like. “If you are trying to like something but it’s hard to do so, I think you should support and wait for yourself. If you push yourself too hard, it’s difficult to purely like something. You should know when it’s time to relax, and I think that is how you can have goo
Technology July 13, 2022
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SK Telecom’s ifland to circulate in-metaverse cash
SK Telecom will distribute and circulate in-metaverse cash on its virtual platform ifland to encourage more participation from users starting in the third quarter, the South Korean mobile carrier said Wednesday. Calling it an introduction of internal economic system, ifland users will be given points that can used as cash in the platform, if they take part in continuous activities such as building up attendance and carrying out missions. With such points, users will be able to sponsor others w
Technology July 13, 2022
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Only 2 Korean firms listed in top 100 ICT companies worldwide: FKI
South Korea has only two companies on the list of the world’s top 100 information and communications technology firms, despite the country’s self-claimed label as an ICT powerhouse, the Federation of Korean Industries said Tuesday. The KFI used the database from company tracker S&P Capital IQ to rank the global top 100 ICT companies by market capitalization. According to the FKI’s analysis, South Korea’s Samsung Electronics ranked ninth and SK hynix came in at 56th.
Industry July 12, 2022
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[Herald Interview] All-in-one diagnosis of diseases possible, proteomics expert says
More research into proteomics -- the study of the collection of proteins in the human body -- could infinitely upgrade the diagnosis sector so that all types of diseases can be easily detected in the early stages, a proteomics expert said. “There are diseases that have limited relations with DNA and genomics, such as depression and cardiovascular diseases. On the other hand, protein is involved in most biological activities so there is a wide range of areas that can be dealt with proteom
Technology July 11, 2022
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Kakao Mobility at crossroads amid sell-off rumors
A dispute between Kakao Corp. management and its labor union is growing over the IT giant’s rumored attempt to sell its transportation service subsidiary Kakao Mobility to private equity firm MBK Partners. Kakao’s labor union on Wednesday accused the management of giving up on its mobility business, questioning if the sell-off to the private equity fund can help the business grow. According to the union’s statement, Kakao Corp. said its mobility platform cannot grow anymore
Technology July 10, 2022
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[Photo News] aespa kicks off Good Morning America’s summer concert series
K-pop girl group aespa on Friday premiered the title track “Girls” of their second EP on the opening stages of the Good Morning America’s summer concert at the Rumsey Playfield in the Central Park in New York. According to the group’s agency S.M. Entertainment, aespa became to the first K-pop girl group to perform at the summer concert series hosted by ABC, a major US television network. The four-member group also delivered performances of “Black Mamba
K-pop July 9, 2022
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Fields Medal winner highlights importance of communication
Korean American mathematician June Huh on Wednesday underlined the importance of communication and collaboration when it comes to solving difficult problems in mathematics, a day after he became the first person of Korean descent to win the internationally prestigious Fields Medal. “The charming point of mathematics is that collaborative research has become very active in today’s mathematics,” Huh said in a press conference at the Korea Institute for Advanced Study in Seoul.
Technology July 6, 2022
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1st person of Korean descent wins Fields Medal
Korean American mathematician June Huh has won this year’s prestigious Fields Medal to become the first person of Korean descent to receive the prestigious international award. The Fields Medal, widely regarded as the Nobel Prize of mathematics, is given to mathematicians under the age of 40 for significant contributions to the field of mathematics at the International Congress of Mathematicians held every four years. The ICM, organized by the International Mathematical Union, took pla
Technology July 5, 2022
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