Most Popular
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[Exclusive] Korean military set to ban iPhones over 'security' concerns
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Korean, Romanian leaders discuss defense tech, nuclear energy
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S. Korea calls on Japan to confront history amid Yasukuni Shrine visit
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Yoon’s jailed mother-in-law excluded from latest parole list
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[Herald Interview] 'Amid aging population, Korea to invite more young professionals from overseas'
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Hybe and Min Hee-jin, CEO of Hybe sublabel Ador, lock horns
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Korea’s homegrown nanosatellite successfully launches into space
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[Pressure points] Leggings in public: Fashion statement or social faux pas?
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Nicaragua shuts down Seoul embassy
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Rocket engine expert, ex-NASA exec to lead Korea's new space agency
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Korea to invest additional W400b in AI chips
The South Korean government said on Wednesday it will invest 402.7 billion won ($337.4 million) in the development of processing-in-memory (PIM) chips, in addition to the 1 trillion won it pledged earlier to spend on artificial intelligence semiconductors over nine years to 2029. PIM semiconductors are known as next-generation AI chips with higher processing efficiency. The Ministry of Science and ICT said it discussed ways to advance the AI industry with AI experts from Samsung Electronics, L
Jan. 19, 2022
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KT teams up with Russia’s Yandex to debut delivery robots
South Korean telecom carrier KT looks to launch autonomous delivery vehicles in Korea before the end of 2022 by partnering with Russian autonomous rover maker Yandex Self-Driving Group, KT said Tuesday. The two companies have signed a memorandum of understanding at a Yandex office in Moscow, and are at an early stage of cooperation to integrate KT‘s artificial intelligence and digital capability with Yandex’s self-driving technology. KT added the MOU, in addition to its launch pla
Jan. 18, 2022
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Samsung unveils Exynos 2200 mobile processor with AMD’s GPU
Samsung Electronics said Tuesday it has teamed up with California-based chip maker Advanced Micro Devices to unveil its flagship Exynos 2200 processor chips for mobile phones, in a delayed announcement by a week. The partnership with AMD in Samsung’s processor business has boosted energy efficiency and graphic processing performance compared to predecessors like Exynos 2100, the company said. Manufactured in Samsung‘s cutting-edge 4 nanometer extreme ultraviolet lithography proces
Jan. 18, 2022
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KT, Shinhan ink cross-shareholding deal to forge digital alliance
South Korea’s No. 2 telecom carrier KT and the nation’s second-largest banking group Shinhan Financial Group said Monday that they have forged a new alliance to spur collaborations on futuristic technologies in a cross-shareholding deal. Under the deal worth 437.5 billion won ($367 million), KT will acquire a 2.08 percent stake in Shinhan Financial Group, while Shinhan Bank, the group’s banking unit, will in return acquire a 5.46 percent stake in KT. As the result of the tr
Jan. 17, 2022
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LG Uplus names ex-AT&T data expert as new data chief
South Korean telecommunication company LG Uplus has named Gabe Hwang, former executive at AT&T and WarnerMedia, as its inaugural chief data officer in its push for an innovation to enhance consumer experience and boost productivity, the company said Monday. Hwang will lead data-related businesses of LG Uplus from delivering data capabilities for client to the company’s artificial intelligence integration and digital transformation. Hwang’s addition will allow LG Uplus to
Jan. 17, 2022
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Mask fraud alert: Dating apps crack down on heavily masked profiles amid complaints
Wearing a mask has become commonplace during this pandemic. Though the act is often encouraged to stop the spread of COVID-19, there is one place where it is definitely frowned upon – dating apps. Users say profiles with only masked up photos can be misleading. Amid growing complaints, some dating app operators are cracking down on those considered a “magikkun” -- a portmanteau from the English word “mask” and the Korean word “sagikkun” which means a fr
Jan. 17, 2022
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[Market Eye] Korean tech giants fall prey to patent trolling
Though the pandemic has driven record-breaking profits for tech firms as demand for at-home leisure and communication hardware rises, it has also stoked a growing threat coming from patent trolls. Companies specializing in exploiting patent rights have been buying up intellectual property from firms struggling amid the pandemic and using it as ammunition against Korean firms. The approach is often seen as a “file-and-settle” strategy, as their targets would often prefer to avoid f
Jan. 16, 2022
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LG's large-capacity washers beat Whirlpool's in Consumer Reports ratings
LG Electronics’ large capacity washing machines topped in a rating by Consumer Reports released a week prior, beating US rival Whirlpool‘s products in performance of washing more clothes at once, according to the industry Sunday. LG’s front-load washer WM9000HWA, one of the models under its LG Tromm brand, was ranked the highest in Consumer Reports‘ best large-capacity front-loaders rating for 2022. The model features a 147.2-liter capacity and LG’s own TurboWash
Jan. 16, 2022
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Samsung’s removable-battery smartphone returns
Samsung Electronics on Friday debuted its new Galaxy XCover Pro, a rugged smartphone that features a removable battery, a feature long gone in today’s smartphone market. The compact phone, priced at 275,000 won ($231.80), comes in black and white and features a 5.3-inch LCD display as well as a waterproof and dustproof body. The most distinctive feature is a 3,000 mAh replaceable battery that lasts long enough for all-day use and supports a quick charge rate of up to 15 watts. Upon its
Jan. 14, 2022
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[Market Eye] Why Samsung, LG hold on to LCD panels despite slowing profitability
It appears too soon to say that Samsung Display and LG Display, the nation’s top display makers, will exit from the less lucrative LCD market amid a cutthroat competition with Chinese rivals with cheaper pricing. Until a few years ago, the two firms had hinted at retiring from the old-school LCD business to focus on more advanced technologies such as upgraded LCDs or OLEDs to widen the gap with Chinese runner-ups. But experts here say there has been a sign of change in the attitudes mor
Jan. 13, 2022
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Gov't vows to support digital transformation of auto industry
The South Korean government said on Thursday it will standardize automotive data and promote intelligent manufacturing by carmakers and parts makers as part of efforts to support digital transformation of the auto industry. The aim is to turn 1,200 automotive component makers into future car companies by 2030, the Ministry of Trade, Industry and Energy said in a statement. The ministry said it will secure eight petabytes of automotive data, which is more than 10 times what is currently in stor
Jan. 13, 2022
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ABL Bio signs $1.06b deal with Sanofi for Parkinson’s disease treatment
ABL Bio has signed a contract worth up to $1.06 billion (1.27 trillion won) with French pharmaceutical firm Sanofi to co-develop ABL301, an antibody treatment candidate for degenerative brain diseases including Parkinson’s disease, the Korean biotech company said Wednesday. ABL Bio will receive $75 million in down payments, according to the deal. The Korean biotech company will also be able to rake in up to $985 million depending on the success of clinical trials, regulatory approval and
Jan. 12, 2022
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LG supplies in-car infotainment system to Mercedes-AMG EQS
LG Electronics said Wednesday it has supplied its premium in-car infotainment system to be featured in the 2022 Mercedes-Benz EQS full-electric luxury sedan. LG’s system combines three displays – instrument cluster display, central information display and co-driver display – into a single, panoramic screen that stretches across the entire width of the car’s dashboard. Thanks to the use of a plastic organic light-emitting diode display, the South Korean tech giant said,
Jan. 12, 2022
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LG’s virtual human to make debut as singer
LG Electronics said Tuesday it has signed a memorandum of understanding with Mystic Story, a local music label led by singer-song writer Yoon Jong-shin, to debut its virtual human ambassador, Reah Keem, as a singer. Yoon, Mystic’s chief producer, will oversee the overall project from writing songs to vocal training for Keem. Her imminent debut was teased last week when LG unveiled a music video clip at the Consumer Electronics Show. “I want to be an artist who not just makes musi
Jan. 11, 2022
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Apple to allow alternative payment system for 1st time in S. Korea
Apple will allow alternative payment systems in South Korea in compliance with a new local law that bans app store operators from forcing their own in-app payment systems, the country's telecommunications regulator said Tuesday. The move came as a new law went into effect in the country in September last year, restricting app store operators, such as Google and Apple, from forcing their in-app payment systems on developers. In November, Google pledged to provide an alternative payment system o
Jan. 11, 2022
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Former Samsung patent head turns against tech giant
A former Samsung Electronics executive, who led patent prosecutions and litigations representing South Korea-based technology giant, was found to have turned against his previous employer with a patent suit. Synergy IP, founded by Samsung’s former vice president Ahn Seung-ho in 2020, was one of the plaintiffs that filed patent suits with the United States District Court for the Eastern District of Texas since November last year, according to a report by local media outlet Electronic Times
Jan. 10, 2022
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LG joins IBM Quantum Network
LG Electronics said Monday it has joined the IBM Quantum Network as a member to further explore its applications for quantum computing required in the field of artificial intelligence, connected cars, internet of things and robotics. LG Electronics, an electronics arm of South Korea‘s fourth-largest conglomerate, was the latest to take part in the alliance of over 170 entities. Those taking part in the community as a member, partner or quantum hub are given access to IBM‘s quantum c
Jan. 10, 2022
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Samsung’s QD-OLED display certified by SGS
Samsung Display, the display panel maker arm of Samsung Electronics, said Monday its latest quantum-dot organic light emitting diode display technology was certified by evaluation services provider SGS. The QD-OLED, touted as the technology to support next-generation TV picture quality, had received three certifications for True Color Tones, Pure RGB Luminance and Ultrawide Viewing Angle upon performance testing by the Switzerland-based SGS. Samsung Display said in a statement the certificati
Jan. 10, 2022
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[CES 2022] SK to launch Sapeon Inc. for AI chip supremacy
LAS VEGAS – SK Group’s three tech units, SK hynix, SK Telecom and SK Square, have teamed up to launch a new ICT technology development and investment body, called SK ICT Alliance. Their first project will be Sapeon Inc. where the three firms will make co-investments in the US to target the burgeoning AI chip market, the group said. During a press conference held on the sidelines of the Consumer Electronics Show 2022 at the Waldorf Astoria Hotel on Thursday, top executives, inclu
Jan. 10, 2022
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LG Electronics’ 2021 sales to top W70tr without mobile biz
LG Electronics has topped 70 trillion won ($58.2 billion) in full-year sales for the first time in its history in an earnings surprise, in the same year that the company took down its mobile phone business, a preliminary filing showed Friday. The revenue of LG Electronics came to 74.72 trillion won through 2021, up 28.7 percent from the previous year, according to its preliminary consolidated financial report. This beat the earnings consensus estimate by South Korean analysts. According to mark
Jan. 7, 2022