Samsung Electronics has reclaimed the No.1 spot by monthly sales in India, buoyed by the return of its Galaxy Note successor Galaxy S22 Ultra, a phablet with built-in stylus S Pen support, data showed Tuesday. Samsung emerged as the leader in overall smartphone sales and shipments for the first time in six months in the world’s second-largest smartphone market, showed data by market intelligence...

Chinese carmaker secures production footholds in Gunsan, Busan for hybrids, EVs, but entry to local consumer market remains uncertain, experts say

The launch is a preemptive step before the next-generational server platform comes into being. According to the world’s No. 1 memory chip maker, the sampling for the 512-gigabyte CXL-based DRAM chips will begin with customers and partners for joint evaluation and testing in the third quarter. Samsung‘s partners for the CXL initiative include Lenovo and Montage. This is a step up for the company’...

Researchers at the Korea Advanced Institute of Science and Technology said they succeeded in real-time visualization and measurement of floral scent emission for the first time in the world. Using optical interferometry, research teams led by mechanical engineering professor Kim Hyoung-soo and biological sciences professor Kim Sang-gyu measured the frequency with which lily flowers emit scents. ...

SK E&S Co., an energy unit of South Korean conglomerate SK Group, said Tuesday it is investing $110 million in a US carbon capture and storage (CCS) project as it ramps up its push for its renewable energy business. The project, joined by other American energy firms, aims to capture and store up to 12 million tons of carbon dioxide a year from 32 corn ethanol plants in five Midwest states in the...

Samsung C&T Corp., the construction unit of Samsung Group, has partnered with NuScale, the leading small modular reactor (SMR) technology provider, to expand its SMR business into the global market. Samsung C&T CEO Oh Se-chul and NuScale CEO John Hopkins gathered at the headquarters of NuScale Power in the US state of Oregon on Monday to form a comprehensive partnership for joint global SMR mark...

Belgium-based Umicore N.V. has completed its research laboratory for rechargeable battery materials in central South Korea that could help promote the local industry, the industry ministry said Tuesday. Umicore's central technology center is based in Cheonan, about 90 kilometers south of Seoul, and serves as the company's Asian hub for research and development of key materials for next-generatio...

Renault Korea Motors said Tuesday an affiliate of China's Geely Holding Group will invest in the company as part of their parent firms' agreement signed early this year to develop an environment friendly vehicle. Geely Automobile Holdings, China's largest privately-owned automotive group, will acquire a 34.02 percent stake in Renault Korea, the South Korean unit of Renault Group said in a statem...

Nearly half of public institutions in South Korea lost money in 2021 amid the coronavirus pandemic with the state-run power monopoly logging the biggest loss on soaring oil prices, data showed Tuesday. A total of 170 public companies and institutions, or 47 percent of 363 that disclosed their 2021 results, were in the red last year, according to the data posted on the state portal All Public Inf...

Daewoo Engineering & Construction has teamed up with its parent company Jungheung Group to accelerate its business expansion in the all-important US market. According to Daewoo E&C on Monday, Jungheung Group Vice Chairman Jung Won-ju and its business delegation signed a memorandum of understanding with the city of Carrollton, Texas last Thursday to carry out development projects in the US city. ...

A board shows diesel retail price surpassing gasoline price at a gas station in Daejeon on Monday amid growing concerns over rising diesel prices due to an inventory shortage and a lower tax cut than for gasoline.

South Korea’s homegrown app marketplace One Store aims to challenge Google and Apple, two US tech giants that enjoy a near-monopoly in the whopping 300 trillion won ($235 billion) app store market globally, with its forthcoming stock market debut here. One Store, the nation’s sole operator of an app store of the same name, is a merged entity of the nation’s four app stores that was previously op...

Hyundai Motor Group will construct a liquefied natural gas (LNG) cogeneration facility inside its automotive manufacturing plant in Ulsan to secure a stable power supply while reducing energy consumption and greenhouse gas emissions. According to the carmaker on Monday, it plans to digest over 70 percent of annual electricity used at the country’s largest automotive plant through the new LNG pow...

The Korean Intellectual Property Office said Monday that six Korean product names will be added to the World Intellectual Property Organization’s Nice classification in June. The Nice Classification, established in the French port city of Nice in 1957, is a classification system that lists trademarks of products and services used internationally. It is updated every five years and has been rat...

LG Chem and the Korea Institute of Science and Technology (KIST) have developed a technology that efficiently turns carbon dioxide into carbon monoxide, which is used to produce alternative fuels and plastic. The two parties have developed an electrochemical reactor for converting carbon dioxide into carbon monoxide at the highest level of efficiency through joint research, the company said. Ca...