Most Popular
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Korean labor force to shrink by 10 million by 2044: report
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[AtoZ Korean Mind] Does your job define who you are? Should it?
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Allegations surrounding BTS resurface, enraged fans demand apology
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Students with history of violence will be barred from becoming teachers
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Top prosecutor pledges 'speedy, strict' probe into first lady's luxury bag allegations
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Medical feud leaves hospitals in financial crisis
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Samsung mocks Apple over iPhone alarm glitch
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'Queen of Tears' riding high on Netflix chart
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'Super Rich in Korea' will leave viewers appreciating Korea more: producers
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Chip up cycle won’t stay long: SK chief
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KT CEO meets venture capitalists amid COVID-19
KT CEO Koo Hyun-mo on Wednesday met with representatives of venture capital firms, urging them to look into new opportunities to prepare for the post-coronavirus era, the firm said Thursday. Speaking during a seminar hosted by the telecommunications firm, Koo discussed some new business areas -- online education solutions, telecommuting platforms, telemedicine and others -- where the new coronavirus had strengthened demand. Some 40 executives from up-and-coming venture capital companies were
May 21, 2020
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KAIA appoints new vice chairman with close ties to Moon
Korea Aerospace Industries Association said Thursday it has appointed former external cooperation advisor of Gangwon Province Joung Kyung-hwan as its new vice chairman. Joung was a strategic advisor to President Moon Jae-in’s presidential election campaign committee from September 2016 to March 2017. He also headed the message team for three months when President Moon made his first presidential bid in 2012. Previously in 2002, Joung was credited for aiding late President Roh Moo-hyun
May 21, 2020
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LG releases new budget smartphone in S. Korea
LG Electronics Inc. on Thursday introduced a new budget smartphone as the South Korean tech firm seeks to overcome a long slump in its mobile business. LG said the Q61 will go on sale in South Korea on May 29 with a price tag of 369,600 won ($300). The handset made its debut in the South American market earlier this month. The Q61 will be released in the North American market next month as well, according to LG Electronics. The Q61 comes with a quad rear camera setup. It houses a 48-megap
May 21, 2020
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Samsung to break ground for 2nd EUV line in Pyeongtaek
Samsung Electronics is preparing to construct another cutting-edge foundry manufacturing line in South Korea, taking one step closer to achieving its goal of becoming the No. 1 system-on-chip business by 2030. The tech giant on Thursday announced it will break ground for the second extreme ultraviolet foundry line in Pyeongtaek, Gyeonggi Province, this month, with a schedule to start operating the new line in the second half of next year. Samsung is expected to pour around 10 trillion won (
May 21, 2020
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Samsung Display temporarily suspends construction at Asan complex
Samsung Display, one of the largest screen manufacturers in the world, said Wednesday that it has temporarily suspended construction at an industrial complex in South Korea amid market uncertainty caused by the novel coronavirus. The company said it halted work on the second plant area at the Tangjeong 2 complex in Asan, 90 kilometers south of Seoul. "The COVID-19 pandemic has made it necessary for changes in the construction schedule as the business environment is changing rapidly,"
May 20, 2020
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SK Telecom’s AI-based senior care service saves 23 lives since launch
SK Telecom said Wednesday its artificial intelligence-based senior care service has helped the 119 emergency system to rescue around 23 seniors living alone since its launch last year. The company held an online press conference to promote its service dedicated to strengthen social security net for the elderly. SKT’s senior care service uses its AI speaker Nugu which allows the elderly and those with mobility difficulties to access information with voice commands and contact others wh
May 20, 2020
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LG reduces domestic TV lines, expands overseas production
LG Electronics has decided to expand its overseas production of televisions, while reducing domestic production, by relocating two manufacturing lines from South Korea to Indonesia, the company confirmed on Wednesday. Under its strategy to tackle the stagnated demand for TVs worldwide, the Korean tech giant will move out two of its six production lines that are currently located in Gumi, North Gyeongsang Province, to Cibitung in Indonesia within the year. Built in 1995, the Cibitung TV plan
May 20, 2020
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Am I sick or just hypochondriac? Coronavirus-induced anxiety on the rise
Symptoms of COVID-19, the respiratory disease caused by the novel coronavirus, can range from those akin to the common cold or flu to pneumonia, as well as most recently observed loss of taste and smell. The varying symptoms and their resemblance to seasonal illnesses leave patients wondering if they’re sick with the coronavirus, some taking the anxiety to a drastic degree, experts say. Infectious disease specialist Dr. Kim Woo-joo of Korea University Hospital in Guro, southern Seoul, sa
May 19, 2020
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Lingering COVID-19 fears deter people from changing telecom providers
With South Korea continuing to see the number of new COVID-19 infections per day back in the double digits after signs that the crisis was winding down, telecommunication services are gaining fewer new subscribers, industry sources said Tuesday. The number of customers who moved from one service provider to another posted 16,082 during the third weekend of May, down by 25 percent from the two previous weekends. The timing coincides with the revelation that nightclubs in the Itaewon area of Se
May 19, 2020
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Samsung heir meets Shaanxi leader to solidify cooperation
Samsung Electronics Vice Chairman Lee Jae-yong met with Hu Heping, Communist Party Secretary of Shaanxi province, during his two-day visit to Xian, China, the tech giant said Tuesday. Lee held a meeting with the provincial leader after visiting Samsung’s memory chip plant in Xian. He was the first foreign business mogul to visit China after the COVID-19 outbreak. Hu expressed gratitude over Samsung’s provision of quarantine aid for Chinese citizens, including those working for
May 19, 2020
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ICT minister visits local 5G equipment manufacturer
ICT Minister Choi Ki-young visited South Korea’s 5G equipment manufacturer OE Solutions’ facility on Monday as part of the government’s efforts to encourage small and medium-sized firms here. OE Solutions is a local supplier of optical transceiver solutions for both wired and wireless network equipment. It provides parts to major players in the market, including Samsung, Ericsson and Huawei. “The nation’s efforts to become the first in the world to provide 5G net
May 18, 2020
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Conglomerates foster growth of internal startup units
South Korean conglomerates are increasing their support for startups created and spun off by their own employees, the companies said Monday. The move is part of an effort to strengthen the country’s startup ecosystem by encouraging creative business ideas and technological innovation, they said. Samsung Electronics said it had selected five outstanding projects pitched by its employees this year, with the goal of spinning them out as independent units. The tech titan’s in-house
May 18, 2020
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Samsung heir 1st foreign biz tycoon to visit China after COVID-19 outbreak
Samsung Electronics Vice Chairman Lee Jae-yong on Monday paid a visit to the company’s memory chip plant in Xian, China -- the first foreign business mogul to enter the country after the coronavirus outbreak. The South Korean tech giant’s heir apparent checked on the memory business in China during the visit accompanied by Memory Business President Jin Gyo-young and Samsung’s China operations chief Hwang Deuk-kyu. “There will be no future if we are caught in the past
May 18, 2020
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Samsung's chip production up 57% in Q1: report
Samsung Electronics Co.'s chip production in the first quarter of the year increased 57.4 percent from a year earlier despite the spread of the novel coronavirus, the company's quarterly business report showed Monday. Samsung, the world's largest memory chip maker, produced 277.4 billion units of semiconductors in the January-March period, up from 176.2 billion units a year earlier, according to the report. Its chip factory operation rate was 100 percent. Industry insiders said Samsung's i
May 18, 2020
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[Herald Interview] ‘Never too early to start preparing for next epidemic’
A seasoned health official who was a key player in South Korea’s response to Middle East respiratory syndrome in 2015 said the novel coronavirus crisis could prove to be an opportunity for the health sector to boost its epidemic preparedness, as did earlier disease outbreaks that struck the country. Kwon Deok-cheol, a former vice health minister and the president of the ministry-affiliated Korea Health Industry Development Institute, told The Korea Herald at his office in Seoul on Wednes
May 17, 2020
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LG introduces portable air conditioner
LG Electronics has introduced a portable air conditioner with greater flexibility in use and better connectivity with smart devices, the company said Sunday. The movable air conditioner is designed to target households that frequently move in and out and those who have difficulty installing outdoor condensers. The AC is equipped with a dual inverter compressor with two cylinders, increasing cooling and energy saving capabilities. The portable model uses up to 29 percent less electricity
May 17, 2020
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Watcha to enter music market
South Korean over-the-top service provider Watcha said Thursday it plans to jump into the music market. The company established a subsidiary Wpeer last year to launch Watcha Music Publishing, which will become a digital music distribution platform that will connect artists with investors, production firms and other associates to help them to publish their titles. Watcha Music Publishing is expected to officially launch in the second half this year after securing a reasonable number of artists
May 14, 2020
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South Korea’s ICT exports down 15% in April
South Korea’s outbound shipments of information and communications technology products in April reached $12.88 billion, down 15 percent on-year, according to latest government data Thursday. The Ministry of Science and ICT noted that the import value of ICT products in April was $8.87 billion, resulting in a trade surplus of $4 billion. The daily average exports in the same month came down by 7.6 percent on-year at $0.59 billion, compared to $0.63 billion in April last year. Exports o
May 14, 2020
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Samsung Galaxy A51 bestselling Android smartphone in Q1: report
Samsung Electronics Co.'s mid-range smartphone, the Galaxy A51, was the world's bestselling Android smartphone model in the first quarter of the year, a report showed Thursday. The Galaxy A51, which was unveiled in December, shipped 6 million units globally, accounting for 2.3 percent of all smartphones shipped in the January-March period, according to market tracker Strategy Analytics. The Redmi 8, made by China's Xiaomi Corp., was the second bestselling Android smartphone with a 1.9 perce
May 14, 2020
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Leaders of Samsung, Hyundai meet on EV battery tech
The de facto leaders of Samsung Electronics and Hyundai Motor Group held a business meeting Wednesday to discuss cooperation on battery technology for electric vehicles. Samsung Electronics Vice Chairman Lee Jae-yong and Hyundai Motor Senior Vice Chairman Chung Euisun met at an EV battery plant operated by Samsung SDI, in Cheonan, South Chungcheong Province. According to industry sources, it was Chung’s first visit to the battery affiliate’s facility. The Hyundai M
May 13, 2020