Most Popular
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Hyundai Motor eyes 80,000 jobs, W68tr investment at home by 2026
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Seoul bus drivers go on general strike, cause morning rush hour delays
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Official campaigning kicks off for April 10 elections
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Dialogue hopes fade as doctors pick hard-liner as new head
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Korea enters full election mode
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Coupang pledges W3tr to expand Rocket Delivery nationwide by 2027
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[Election Battlefield] Political novice to face off star politician in ‘swing district’
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[Kim Seong-kon] The April 2024 election will decide our future
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Seoul’s bus union prepares for strike
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[Hello India] Corporate Korea sees new growth drivers in India
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Samsung, LG release new soundbars
South Korea's two major electronics firms on Wednesday released their new soundbar products as they aim to expand their presences in the home audio market. Samsung Electronics Co. announced the global launch of its two new premium soundbars, the HW-Q950T and the HW-Q900T, which completes its full 2020 Q-series soundbar lineup. The new soundbars will be sold in major markets in stages, starting with Australia. In South Korea, both products will be launched next Tuesday, with the HW-Q950T pric
July 8, 2020
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Samsung Unpacked for Galaxy Note 20 goes online on Aug. 5
Samsung Electronics will throw its signature Unpacked show for new Galaxy products online for the first time on Aug. 5, according to the company’s invitation sent to global media and partners on Wednesday. The invitation displayed an image of a bronze-colored crown, which might be the signature color for the upcoming Galaxy Note 20 series. The event will be broadcast live on Samsung’s corporate homepage and its newsroom website. The South Korean tech giant is expected to pres
July 8, 2020
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Samsung launches UV sterilizer for phones amid pandemic
Samsung Electronics Co. on Wednesday said it will launch an ultraviolet (UV) light sterilizer for smartphones to meet a growing need for mobile device sanitization amid the novel coronavirus pandemic. Samsung said its new UV sterilizer with wireless charging will be sold in South Korea with a price tag of 49,500 won ($40). The latest device was manufactured by Samsung C&T, a partner of Samsung Mobile Accessory Partnership Program (SMAPP), the tech giant added. Samsung said its portable
July 8, 2020
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LG Electronics’ Q2 earnings better than feared
LG Electronics on Tuesday announced its preliminary earnings for the second quarter of this year, beating forecasts by market watchers over concerns about sales falls during the COVID-19 outbreak. According to the earnings guidance, LG is expected to have posted 12.8 trillion won ($10.7 billion) in revenue and 493.1 billion won in operating profit for the April-June period. The figures were down 17.9 percent and 24.4 percent, respectively, from a year earlier. The second-quarter operating
July 7, 2020
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State-led research institute launches AI education platform
The Electronics and Telecommunications Research Institute, a state-funded research body under the ICT Ministry, announced Tuesday that it has rolled out an educational program designed to nurture experts in artificial intelligence. The new educational program has been launched jointly by AWS and Nvidia’s regional offices, which provided assistance to develop the curriculum, according to ETRI. ETRI’s new curriculum includes platforms that allow students to get hands-on training i
July 7, 2020
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Samsung's Q2 earnings outstrip market predictions
Samsung Electronics on Tuesday announced its earnings guidance for the second quarter, which hinted at an earnings surprise despite the impact of the COVID-19 pandemic on major products. The company forecast it would post 8.1 trillion won ($6.8 billion) in operating profit for the April-June period, up 22.7 percent on-year and 25.6 percent rise from the previous quarter. But the second-quarter revenue is estimated at 52 trillion won, declining 7.36 percent on-year and 6.02 percent on-quarte
July 7, 2020
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S. Korean IT leaders call for regulation changes for fair competition with foreign tech giants
The leaders of South Korea’s leading IT firms have called on lawmakers to change regulations for fair competition with foreign tech companies at the National Assembly on Monday. Kakao CEO Yeo Min-so, Naver CEO Han Seong-sook, Woowa Brothers CEO Kim Beom-joon and other tech leaders joined the forum held by lawmakers. “Local and foreign companies are offering their services here, but the regulations and penalties that bind them are seemingly different,” Kakao CEO Yeo said. W
July 6, 2020
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KAIST professor accused of leaking autonmous driving tech to China
A professor at the Korea Advanced Institute of Science and Technology is currently being investigated by the prosecution for allegedly handing over technology related to autonomous driving to China for financial gain, according to news reports and the ICT Ministry on Monday. The Daejeon Prosecutors‘ Office is currently investingating the professor, who reportedly received around 300 million won from a China-based college where he was dispatched for academic programs. The prosecutors ar
July 6, 2020
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Samsung heir highlights ‘spirit of challenge’ for in-house startups
Samsung Electronics Vice Chairman Lee Jae-yong stressed the spirit of challenge toward the future at a meeting with employees in the startup program C Lab at the firm’s Suwon office in Gyeonggi Province on Monday. C-Lab is the South Korean tech firm’s in-house incubation program introduced in 2012 aimed at spreading creative organizational culture. Participating executives and employees will be given the opportunity to implement creative ideas they have come up with for one year.
July 6, 2020
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5G smartphone competition to intensify in H2: report
Samsung Electronics may face tougher competition in the global 5G smartphone market starting in the second half this year when Apple launches its new smartphone that supports the fifth generation network, latest report showed Sunday. According to Strategy Analytics’ report, the total 5G smartphone sales this year is expected to reach 234 million devices, accounting around 15 percent of all smartphone sales. The number of 5G-compatible phones sold last year was 18.6 million, it added.
July 5, 2020
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SK Telecom launches big data-based restaurant finding app
SK Telecom has launched an application that provides recommendations for restaurants by using big data analysis, the company said Sunday. The newly launched app uses big data compiled by the telecommunications firm’s mobile navigation service Tmap. According to the company, the number of users of the navigation services has reached 18 million, and it has some 1.8 billion points of data indicating restaurant visits over the past five years. SK Telecom noted that the new application util
July 5, 2020
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First-stage engine test for KSLV-2 rocket set for later this year: KARI
South Korea is set to carry out a critical ignition test for the first-stage engine of its locally built space rocket later this year, a senior researcher at a state-run aerospace institute said Sunday. The process involves the clustering of four 75-ton thrust motors into the main stage rocket and actually starting the engine of the Korea Space Launch Vehicle-2 (KSLV-2) rocket, said Cho Sang-yeon, head of the launcher assurance team at the Korea Aerospace Research Institute (KARI). The KSLV-2
July 5, 2020
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[Weekender] COVID-19: Summertime safety tips
Summer is in full swing amid an ever deepening pandemic. As the virus is new, figuring out how to navigate the season safely can be daunting. Health experts share their responses to some of the popular queries about the coronavirus in summertime. Will hot temperatures mitigate the spread? Contrary to earlier conjectures, warmer weather does not stop the coronavirus from spreading. Countries with hot weather have reported outbreaks as well. The Korea Centers for Disease Control and Prevention
July 4, 2020
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Samsung to pay up to 100% bonuses for semiconductor division employees
Samsung Electronics will provide 100 percent performance-based bonuses to the employees of the semiconductor division next week, industry sources said Friday. The world’s biggest memory chip provider is planning to give its workers a half-year bonus, dubbed “target achievement incentives” based on their performances, which could be a maximum of 100 percent of their monthly salary. While the employees of the chipmaking unit are reportedly said to receive bonuses that are eq
July 3, 2020
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Can Korean chipmakers bet on NAND flash in H2?
After benefiting from the growing non-contact market in the wake of the COVID-19 outbreak in the first six months of this year, chipmakers are again faced with a bearish outlook for the remaining half of the year due to estimated falls in chip prices. In the third quarter, there are predominant forecasts that say the prices of both DRAM and NAND flashes will decline, leading to a slower growth of the overall memory market. According to market tracker DRAMeXchange, the fixed price of DDR4 8
July 3, 2020
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Korean expert discovers way to ramp up chip storage capacity 1,000 times
A South Korean research team has discovered a way to ramp up the storage capacity of memory chips by 1,000 times, while raising the possibility of utilizing 0.5 nanometer process technology, the Ministry of Science on ICT announced Thursday. Ulsan National Institute of Science and Technology’s Energy and Chemical Engineering professor Lee Jun-hee and his team have published a report on the discovery to international academic journal Science, winning attention from peers and the semicond
July 3, 2020
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KT CEO stresses importance of advancing 5G network in different industries
KT CEO Koo Hyun-mo stressed that the fifth-generation network would allow telecommunication firms to create new business opportunities across various industries, the company said Thursday. “If the telecommunications firms used to center on business-to-consumer services in the past, the industry will be involved more in the business-to-business sector in the future,” KT CEO Koo Hyun-mo said in a keynote speech during the Global TD-LTE Initiative’s online summit on Wednesday.
July 2, 2020
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SK hynix rolls out industry’s fastest DRAM solution for AI
SK hynix announced Thursday it has started mass producing the industry’s fastest DRAM solution HBM2E, 10 months after the chipmaker completed its development in August last year. According to the company, the HBM2E supports over 460 gigabytes per second with 1,024 inputs/outputs based on the 3.6 gigabit-per-second performance of each pin. It is the fastest DRAM solution in the industry, which enables transmission of 124 full-HD movies (3.7GB each) per second. The density is 16GB, mor
July 2, 2020
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Samsung to hire 1,000-strong chip, AI manpower this year
Samsung Electronics plans to hire as many as 1,000 specialized experts in chip design and artificial intelligence by the end of this year, the tech giant said Wednesday. The company has already employed around 500 experts with master’s degrees and doctorates in semiconductors and AI in the first six months of the year, as part of its preparations for future technologies and businesses. It is planning to hire 500 more experts as part of accelerating a move towards the future, amid grow
July 1, 2020
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S. Korea begins using remdesivir to treat COVID-19
Korean health authorities said Wednesday that stocks of remdesivir, an experimental antiviral once seen as a potential Ebola therapy, will be supplied to local hospitals for treating COVID-19. In a press release, the Korea Centers for Disease Control and Prevention said the use of remdesivir will be limited to seriously ill patients in need of oxygen therapy. More specifically, patients with chest scans showing signs of pneumonia and oxygen saturation of 94 percent or lower are eligible for th
July 1, 2020