Most Popular
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Debate rages over ‘overly fatty’ samgyeopsal
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40 flights canceled on Jeju Island due to bad weather
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[Weekender] Korean psyche untangled: Musok
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N. Korea slams US, other countries for seeking alternative to UN sanctions monitoring panel
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Pandemic left Korea more depressed than before: report
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Gov't appears to shelve punitive measures against mass walkout by doctors
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[Eye Interview] 'If you live to 100, you might as well be happy,' says 88-year-old bestselling essayist
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From fake prostitution ring to nonexistent robber, prank calls hamper police
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Missing S. Korean traveler in Paris found safe after 2 weeks
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S. Korea, China, Japan in talks to hold trilateral summit May 26-27: official
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Samsung targets double-digit growth in Galaxy S sales
SAN FRANCISCO -- Samsung Electronics’ mobile head Roh Tae-moon said the South Korean tech titan counts on demand for its premium smartphone devices to drive double-digit growth in sales this year, despite the consumers’ pent-up desire for a phone shopping and macroeconomic headwinds. At a press conference held at the Chase Center in San Francisco, Wednesday, following the Samsung Galaxy Unpacked 2023 event, Roh showed confidence in expanding the tech firm’s presence in a glob
Feb. 2, 2023
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Samsung bolsters ties with Qualcomm, Google to deter Apple
Samsung Electronics, the world’s largest smartphone maker by shipments, is bolstering ties with global tech giants Qualcomm and Google to build the next-generation extended reality ecosystem, as its archrival Apple, which tops in revenue, is expected to launch a mixed reality headset this year. At the annual unpacking event showcasing the new Galaxy S23 smartphone series, Roh Tae-moon, Samsung Electronics' president and head of mobile experience, appeared together with Qualcomm Presid
Feb. 2, 2023
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Samsung Galaxy S returns with faster, more eco-friendly design
SAN FRANCISCO -- Samsung Electronics on Wednesday unveiled its flagship Galaxy S23 smartphone lineup equipped with upgraded camera functions, faster processors and even sustainable features, touting it “the most powerful S series ever.” The South Korean tech giant held the Samsung Galaxy Unpacked 2023 event at the Masonic Auditorium in San Francisco, with some 2,000 journalists and industry people in attendance. It was the first in-person unveiling of the S series phones after thre
Feb. 2, 2023
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HLB's anticancer drug receives greenlight in China
The combination use of Jiangsu Hengrui Medicine’s camrelizumab and HLB Bio’s rivoceranib has received a novel drug approval from the National Medical Products Administration of China, HLB Bio announced Wednesday. With the approval, the camrelizumab-rivoceranib combination can be used as the first-line treatment for patients with unresectable hepatocellular carcinoma in China. The approval was given three years and nine months after the company started its phase 3 clinical trial April
Feb. 1, 2023
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SK hynix, hit with first operating loss in decade, to cut spending
South Korean memory chipmaker SK hynix reiterated Wednesday its plan to halve investment and reduce production of low-profit products this year, as the company witnessed a sharp drop in profit amid severe slump in the global chip market. “Revenues continued to grow last year, but the operating profit decreased compared with a year earlier as the industry entered into a downturn from the second half,” SK’s Chief Financial Officer Kim Woo-hyun said during an earnings call for the
Feb. 1, 2023
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[Photo News] D-1 new Galaxy
A Galaxy Experience Space at Powell Street, San Francisco is seen Tuesday, one day before Samsung Electronics unveils its latest flagship Galaxy S smartphone lineup in the US city. The tech giant plans to operate a total of 29 interactive experience spaces in key cities on Wednesday to allow visitors to try out its new smartphones and other mobile devices.
Jan. 31, 2023
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SK On exceeds hiring goal in Georgia ahead of schedule
The US State of Georgia said Tuesday SK Battery America, a production subsidiary of South Korean battery giant SK On, has exceeded its hiring goal two years earlier than the initial schedule to fill jobs at its manufacturing facilities for electric vehicle batteries in the city of Commerce, Jackson County. The state government said the company had achieved its goal of 2,600 employees as of the end of 2022, with plans to expand the workforce to some 3,000 this year. Since launching its EV batte
Jan. 31, 2023
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Samsung defies chip price slump, vows to continue investment
Despite witnessing a sharp drop in chip profits, Samsung Electronics said it will not scale back its output and spending in 2023, bucking the trend of cost-cutting among its global rivals. "The deteriorated business environment is not so favorable for our performance for now, but we believe it is also an opportunity where we can thoroughly prepare for the future," the company said Tuesday in the earnings call for the fourth quarter of 2022. The company added that its capital expenditur
Jan. 31, 2023
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LG Innotek aims high with new chip substrate plant
LG Innotek said Monday it will ramp up development of its flip chip ball grid array packages, or high-density package substrates to secure a top position in the market. "FC-BGA is a sector LG Innotek can excel in, as the company has been leading the global substrate material market with its unrivaled technology and productivity," said LG Innotek's president and CEO, Jeong Cheol-dong. "We will create differentiated customer value so the company can lead the global FC-BGA marke
Jan. 30, 2023
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[Newsmaker] Why is Samsung starting a legal fight against smartphone repair shops in US?
Samsung Display has recently filed a complaint against 17 smartphone repair shops in the US over their use of “illegal” panels that it says infringed its highly sophisticated OLED patents, according to industry sources Monday. The display-making unit of Samsung Electronics is a market leader making almost 70 percent of OLED panels used in high-end mobile devices, including Samsung Galaxy and Apple iPhone smartphones. Sources say the company seems determined to offer no leniency for
Jan. 30, 2023
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Samsung hires ex-Ericsson execs to boost network business
South Korean tech giant Samsung Electronics has hired two experts from Swedish telco Ericsson to reinforce its network business. According to industry sources on Sunday, Samsung recently established a task force under its network business division to oversee a new business strategy. For the task force chief, the company hired Henrik Jansson, formerly the strategic sourcing manager for Ericsson. The company also recruited Jo Mi-sun who served as the head of sustainability and corporate responsibi
Jan. 29, 2023
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Samsung Biologics 2022 earnings hit all-time high with W3tr sales
Korean contract manufacturer Samsung Biologics' earnings in 2022 hit all-time high, mainly because its biopharmaceutical unit was included in the consolidated financial result after a full acquisition early in the year. Its sales almost doubled to 3 trillion won ($2.4 billion) from 1.56 trillion won in 2021, according to its regulatory filing on Friday. It logged 983.6 billion won in operating profit, up 83 percent from 537.3 billion won a year earlier. The dollar figure above has been calc
Jan. 27, 2023
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LG Electronics Q4 operating profit tumbles 91%
LG Electronics said Friday its operating earnings for the fourth quarter dipped more than 90 percent from a year earlier on slumping demand for home appliances coupled with global economic difficulties. The consumer electronics giant reported an operating profit of 69.3 billion won ($56.1 million) for the October-December period, down 90.7 percent from the same period a year prior, the regulatory filing showed. It was the first time South Korea’s No. 2 home appliances maker had reported a
Jan. 27, 2023
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Samsung SDS posts record revenue on upbeat cloud sales
South Korean IT solutions provider Samsung SDS logged a record sales of 17.2 trillion won ($14 billion) in 2022 that was driven by an expansion in its cloud business, the firm said Thursday. In a regulatory filing, the company said its annual sales in 2022 saw a growth of 26 percent when compared to the previous year. It also posted an operating profit of 916.1 billion won. In the fourth quarter of 2022, the company garnered 4.25 trillion won in sales and an operating profit of 187.5 billion won
Jan. 26, 2023
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[Photo News] Energy-saving air conditioners
Samsung Electronics on Thursday rolled out this year’s new air conditioner lineup, including more energy-efficient models in light of rising energy bills. Starting this year, the company’s patented “windless” cooling, a high-end feature that gently and quietly disperses air through micro air holes, will be adopted in all air conditioner models.
Jan. 26, 2023
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[Photo News] Brew bot
South Korean telecom giant SK Telecom’s artificial intelligence-powered Barista Robot blends and pours a cup of coffee for a customer. Jointly developed by Doosan Robotics, the robot can make around 20 kinds of coffee, cool ades and other beverages. SKT has made upgrades to the robot to create custom coffee blends and close plastic cup lids. A surveillance camera is also attached to oversee unmanned coffee shops. The company added it is in talks with several specialty coffee chains to supp
Jan. 26, 2023
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SK hynix develops world’s fastest DRAM for mobile devices
South Korean chipmaker SK hynix said Wednesday it has developed the world’s fastest mobile DRAM chips that have already been delivered to customers. The new product, named Lower Power Data Rate 5 Turbo, or LPDDR5T, operates at a data rate of 9.6 gigabits per second, 13 percent faster than the previous generation the company rolled out last November. According to the world's second-largest memory chipmaker, the low-power memory chip for mobile devices such as smartphones and tablet
Jan. 25, 2023
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Korean biotech lobby expresses concerns over Biden executive order
The Korea Pharmaceutical and Bio-pharma Manufacturers Association on Friday sent a written opinion to the US government, in which the business lobby raised concerns over the Biden administration's executive order aimed at bolstering domestic production of biotechnology and biomanufacturing products. "The US should not take discriminatory measures against its allies,” the association said in a statement released on Wednesday, adding that the executive order should not violate the
Jan. 25, 2023
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Will Samsung, Hyundai clash over robots?
South Korea’s two major conglomerates, Samsung and Hyundai, have long been keeping their distance as they avoid competing head-on in their core businesses. But the decades-old unspoken rule may be ending in robotics, a burgeoning area where their leaders are pouring resources in search of a future growth driver. Hyundai with hardware prowess Hyundai Motor Group, the world’s third-largest carmaker dominating almost 90 percent of car sales at home, was the first to make a big move
Jan. 24, 2023
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[Photo News] LG Gram marks 10th anniversary
LG Electronics on Tuesday unveiled LG Gram Style, a new addition to the tech giant’s Gram premium laptop lineup that marks its 10th anniversary this year. The Gram debuted in 2014 as the industry’s lightest 13-inch laptop, weighing just 980 grams. The Style comes in 14- and 16-inch models. The 16-inch model is the first Gram laptop equipped with an organic light-emitting diode display.
Jan. 24, 2023