Samsung Electronics Co. is expected to announce mass production of 3-nanometer semiconductors next week, sources said Wednesday, beating its foundry rival TSMC in advanced chipmaking process. The next-generation 3nm chips will be built on the Gate-All-Around (GAA) technology, which Samsung said will allow up to 45 percent area reduction while providing 30 percent higher performance and 50 percen...

The country is also planning its first lunar orbit project, titled Danuri, slated to blast off on Aug. 2 from Florida. Danuri’s objectives include identifying potential landing sites for future lunar missions, demonstrating and verifying space internet technologies and conducting scientific investigations of the environment, topography and resources on the moon. After the launch, the Danuri team...

Samsung holds first CEO meeting in 5 years amid widespread fears of economic downturn

South Korea’s homegrown space rocket Nuri is erected at the launch pad at Naro Space Center in Goheung, South Jeolla Province, Tuesday morning, waiting for its second launch trial in the afternoon. Nuri’s first attempt in October last year had ended in failure as it failed to put a dummy satellite into orbit.

LS Cable & System Asia, LS Group’s cable manufacturing unit, said Tuesday that it has delivered fiber optic cables manufactured in Vietnam to the country’s largest telecommunications operator Viettel. The latest deal with state-run Viettel comes amid soaring demand. LSCV had set up infrastructure and facilities for producing optical cables in Vietnam in 2015. Fiber optic cables, network cables w...

South Korean petrochemical company SK Geo Centric said Monday that it has started exporting renewable benzene from last week, as part of its cooperation with European firms in creating a regional value chain for renewable chemicals. Benzene is an organic compound used to make plastic, resin and synthetic fiber. It is traditionally produced by processing fossil fuel-based feedstocks. Finnish oil...

An online learning service company said it has launched a new app for non-Koreans learning Korean. The app, Crates, also provides Korean cultural content for free to help people understand Korean culture, eKYSS said, adding that demand for learning the language has increased sharply with the rising popularity of Korean pop music, movies and TV shows. Currently available in English, Chinese, Bah...

Hanwha Solutions Corp., a chemical and energy unit of South Korean conglomerate Hanwha Group, said Tuesday it has won a deal to provide hydrogen tanks to global energy firm Shell PLC in the United States. Hanwha Cimarron, its wholly-owned US subsidiary, will be supplying the Neptune hydrogen tanks, as Shell is pushing to participate in a project led by California to build 1,000 hydrogen charging...

Lotte Chemical Corp. said Monday it is pushing to build an electrolyte solvent factory overseas with a US-based chemical company as it seeks to bolster its battery components business. It signed an agreement with Sasol Chemicals LLC, the American unit of South African petrochemical firm, Sasol Ltd., last week to conduct a feasibility study on the envisioned project, with either the US state of L...

South Koreans experienced the greatest economic pain in May largely due to soaring consumer prices and higher unemployment rates, according to data on Monday. The nation’s “misery perceptions” index, calculated by adding the seasonally adjusted jobless rate to the annual inflation rate, stood at 8.4 in May, said Rep. Kim Hoi-jae of the main opposition Democratic Party of Korea, quoting data comp...

South Korean food company SPC group said on Monday that it has invested 40 billion won ($31 million) to enter Malaysia’s halal market with its bakery brand Paris Baguette. Halal refers to the types of food Muslims are permitted to eat in accordance with the Islam religion. As Muslims account for almost 24 percent of the world’s population, the SPC group plans to target the promising halal food m...

Hyundai Motor Group said Monday it has extended a partnership with French tiremaker Michelin to develop high-end tires dedicated for upcoming electric vehicles. The South Korean automaker will collaborate with Michelin to develop tires for all-electric and environment-friendly vehicles for the next three years, the company said in a statement. In the previous five-year partnership that ended in...

Hyundai Motor Co. and Kia Corp. saw the total sales of their eco-friendly cars exceed 3 million units, industry data showed Sunday, 13 years after they began rolling out hybrid vehicles. South Korea's top automaker and its affiliate sold 393,509 eco-friendly cars, including plug-in hybrid and all-electric vehicles, in the January-May period of this year, raising their accumulative sales to 3.01 ...

Ceragem, a South Korean medical appliance company, said Thursday that it has hired Maye Musk, mother of Tesla CEO Elon Musk, as a global ambassador for the brand. Ceragem manufactures and sells back warmers inspired by the traditional Korean floor heating system, known as “ondol.” With the product, which is certified by the US Food and Drug Administration, Ceragem aims to expand into the global ...

Posco International, the trading arm of Posco Group, is seeking to triple sales at two of its gas fields in Australia by 2025 by leveraging its recently acquired Australian energy company Senex Energy, the Korean firm said Thursday. Posco International CEO Joo Si-bo visited the Senex Energy headquarters on Tuesday and Wednesday to look around the natural gas plants and meet with employees there,...