Most Popular
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Yoon, Lee end first talks with differences, agree to meet more
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What is Hybe’s next move?
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[Grace Kao] Hybe vs. Ador: Inspiration, imitation and plagiarism
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China outpaces Korea in smaller OLED shipments for 1st time
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[Herald Interview] Mom’s Touch seeks to replicate success in Japan
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Police to open alleged stalking probe over pastor over Dior bag scandal
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'Queen of Tears' finale sets record viewership ratings as tvN's most-watched series ending
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[News Focus] Lee tells Yoon that he has governed without political dialogue
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Seoul to deploy more military doctors to fill med prof void
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Liberal bloc moves to rewrite student rights ordinance
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LG launches world’s first capsule-type beer brewing machine
LG Electronics announced on Tuesday the commercial launch of the world’s first capsule-type automated beer maker in line with the growing home-brewing trend. The LG HomeBrew machine will be rolled out with a retail price tag of 3.99 million won ($3,390) in South Korea, including the price of receiving after-sales service for up to three years and 10-year warranty for the core inverter compressor. After inserting one capsule and water into the double-metal cylindrical machine, consumers can
July 16, 2019
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SKT launches ‘world’s first’ 5G roaming service
After South Korea became the first country to launch commercial services of the 5G wireless network in April, the country’s biggest mobile carrier has taken it a step further by working with a Swiss counterpart to launch international roaming service on the platform. SK Telecom announced Tuesday that it will launch “the world’s first” 5G roaming service with Switzerland’s biggest mobile carrier, Swisscom. Those visiting Switzerland will be able to use the se
July 16, 2019
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S. Korean biz groups in emergency mode as Korea-Japan feud drags on
South Korea’s major business groups are shifting to emergency mode, setting detailed contingency plans for a variety of scenarios amid concerns that the restrictions on exports of key tech materials from Japan to Korea could stay in place for a long time, according to the industry on Monday. The leaders of the country’s five biggest conglomerates -- Samsung Electronics, Hyundai Motor Group, SK Group, LG Group and Lotte Group -- are tightening their reins on the groups’ operatio
July 15, 2019
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S. Korean business card app launches LinkedIn-like service
The maker of South Korean business card app Remember launched a new business networking service Monday, targeting corporate recruiters and job seekers in hopes of competing with LinkedIn in the country’s hiring market.Drama & Company, the Seoul-based tech firm that developed the Remember app, said it was introducing Remember Career to connect companies’ PR managers with Remember app users. Once the users post their job profiles and resumes on Remember Career, recruiters can
July 15, 2019
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KT seeks to leverage 5G tech in global fight against diseases
After South Korea became the first country to launch commercial service for the fifth-generation network in April, hopes are high that the hyperspeed network will transform everyday lives. Ranging from ultrafast downloading of lengthy movies to driving autonomous vehicles on connected urban highways, the 5G network is expected to enable futuristic technologies. With telecom companies around the world seeking to maximize benefits of the advanced network technology, Korea’s leading mobile
July 14, 2019
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Samsung heir’s extended Japan trip raises concerns
Concerns about the impact of the latest export restrictions imposed on South Korean companies by Japan are growing more intense as Samsung Electronics Vice Chairman Lee Jae-yong’s trip to Tokyo has gone on longer than many had expected, industry sources said Friday. Lee hopped on a jet to Tokyo on Sunday to meet with major suppliers of the three key materials for which new orders placed after July 4 will be scrutinized by the Japanese government. It was widely expected that the Samsung hei
July 12, 2019
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Japan’s curbs aimed at containing S. Korea’s semiconductor industry: report
The latest restrictions on exports of key chip-making materials imposed by the Japanese government could be aimed at containing South Korea’s thriving semiconductor industry, a report claimed Friday. Park Sang-hyun, analyst at HI Investments & Securities said in a report that the rising tensions between Japan and Korea could be based not only on diplomatic issues but also the widening gap between the competitiveness of the Japanese and Korean semiconductor industries. “The Japan-
July 12, 2019
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IT firms aim to be in limelight at FINA championships
More than 2,000 athletes from around the world are flocking to Gwangju, 330 kilometers south of Seoul, to compete in the 2019 FINA World Aquatics Championships from Friday to July 28. While the athletes vie for medals, electronics and telecom companies will try to gain global attention during the biennial international event. As one of the main sponsors for the FINA championships, South Korea’s leading telco KT will showcased its latest fifth-generation technologies, ranging from advanced
July 11, 2019
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Hanwha to invest in US air taxi startup
South Korean defense company Hanwha Systems said Wednesday that it would join the emerging mobility business by investing $25 million in a US startup that specializes in flying taxis. Tentatively named K4 Aeronautics, the US firm will work with Hanwha Systems to develop the necessary technology to produce personal aerial vehicles. The Korean company said it would increase its investment after acquiring a certain stake in K4 Aeronautics. According to Hanwha Systems, K4 Aeronautics has obtained
July 11, 2019
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Japan curbs blight Samsung’s system chip vision
Samsung Electronics’ goal of becoming the top logic chip provider by 2030 might be seriously hampered by Japan’s restrictions on exports of hi-tech materials, if the two governments fail to ease the diplomatic tensions soon, according to industry sources Thursday. The tech giant’s April announcement to be the world’s No. 1 in the system-on-chip market beyond memory chips is the first official task of its de facto leader Vice Chairman Lee Jae-yong. However, the latest Japa
July 11, 2019
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LG Display expects limited impact from Japan's exports curbs
Japan's tougher regulations on exports of key materials to South Korea will have a limited impact on LG Display's production of OLED panels, a senior company official said Tuesday, vowing to secure alternatives as part of its contingency plan.Last week, Japan began adopting a stringent approval process for exports to South Korea of high-tech materials, including fluorinated polyimides used to make flexible OLED displays, as well as resist and etching gas needed in the semiconductor fabrication p
July 9, 2019
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LG Chem CEO vows to make firm global top 5 chemical biz
Shin Hak-cheol, vice chairman and CEO of LG Chem, vowed Tuesday to make the company one of the world’s five biggest chemical companies in the next five years by doubling its revenue by 2024. “LG Chem will reach 30 trillion won ($25.4 billion) in sales this year for the first time and 59 trillion won by 2024, becoming a global top five company,” Shin said during his first press conference since he took office in February. Shin is the first CEO of LG’s petrochemical a
July 9, 2019
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Kakao suspends popular emoji sales amid plagiarism row
South Korea’s top mobile messenger app operator Kakao said Monday it has suspended sales of its highly sought-after emoji, amid plagiarism allegations by a Japanese developer. According to the firm, its “DDingdongs Day” emoji is no longer available on its Kakao Talk app store. After it was launched last year, the emoji gained popularity after some K-pop fans spotted popular boy band BTS members using it. Japanese developer Yuki Kanai has claimed that Kakao’s emoji plagiar
July 8, 2019
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Korean firms fear disruption of digital transformation
Digital transformation has become a buzzword for various industrial sectors around the world – and South Korea is no exception. Ranging from tech giants to small factories, companies here are scrambling to embrace solutions for better business. While digital transformation means different things to different firms, it broadly refers to the use of digital technology to improve productivity. It can be applied to manufacturing processes, marketing strategies and corporate organizations. So
July 7, 2019
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SoftBank chief considers joint investments on AI with Korean tech leaders
Masayoshi Son, chairman of Japanese conglomerate SoftBank, said Thursday he will make new investments in promising artificial intelligence businesses together with South Korean tech giants, hopefully this year. The IT business tycoon discussed plans to expand cooperation and investments on AI with the leaders of five top Korean tech companies, including Samsung Electronics Vice Chairman Lee Jae-yong, at Korea Furniture Museum in Seongbuk-dong, northern Seoul. In response to a question about the
July 5, 2019
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Samsung Q2 earnings guidance shows slight improvement
Samsung Electronics’ earnings for the second quarter of 2019 are forecast to show a slight improvement from the previous quarter due to recovery in the display business, according to its earnings guidance announced Friday. The South Korean tech giant is expected to post 56 trillion won ($47.8 billion) in sales with operating profit of 6.5 trillion won during the April–June period, the guidance showed. The figures hovered above market expectations that had estimated Samsung to registe
July 5, 2019
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SoftBank chief highlights investment for Korea’s AI
Son Masayoshi, chairman of Japanese IT conglomerate SoftBank, highlighted the importance of investments in leading artificial intelligence businesses for Korea to become an advanced AI-powered country during a meeting with President Moon Jae-in on Thursday. In response to President Moon’s acknowledgement that Korea is a latecomer in the AI technology industry, Son said, “AI should (be) the top priority for Korea, and the country needs to focus on related education, policies, investme
July 4, 2019
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Korea starts work on Japan WTO case
The South Korean government said Wednesday that it has started a legal review for filing a complaint with the World Trade Organization over Japan’s export restrictions -- widely seen as the neighboring country’s retaliation against the ruling by Korea’s top court on wartime forced labor.Trade officials here believe that Japan’s move to limit exports of key materials used to produce semiconductor and displays violates the WTO’s ban on states’ control of exports
July 3, 2019
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Samsung Galaxy Fold internally ready for launch
Samsung Electronics has completed fixing the flaw in the outer film of the Galaxy Fold and has set a retail price for the Korean market, according to company insiders Monday. In order to prevent the protective film on the outer layer of the foldable display screen from being taken off by hand, the company has decided to adopt a slightly bigger film to cover the entire screen and conceal the edges of the film underneath the screen’s bezel, a Samsung official told The Korea Herald. Sin
July 3, 2019
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Korean fabless firms turn to Samsung amid Japan risk
Amid rising tensions between South Korea and Japan over the latter’s restriction on exports of high-tech materials to Korean chip and display makers, the country’s fabless businesses turned their attention to Samsung Electronics at a forum held in Seoul on Wednesday. More than 500 officials from fabless and semiconductor equipment firms attended the 2019 Samsung Foundry Forum held at a hotel in southern Seoul to learn about Samsung’s foundry business plans for the year. The num
July 3, 2019