Most Popular
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Yoon’s jailed mother-in-law excluded from latest parole list
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[Herald Interview] 'Amid aging population, Korea to invite more young professionals from overseas'
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Korea’s homegrown nanosatellite successfully launches into space
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Nicaragua shuts down Seoul embassy
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Rocket engine expert, ex-NASA exec to lead Korea's new space agency
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SNU profs to suspend treatment for one day
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SK hynix pledges W20tr to ramp up DRAM production at home
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Hybe's multilabel system tested amid conflict with Ador
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Over-50s, men, single-person households take up majority of those filing for bankruptcy
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Ministry denies blame for Jamboree debacle
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LG OLED TV named best of 2018: Consumer Reports
LG Electronics Inc.'s 65-inch OLED TV was named the best OLED TV of 2018, US industry tracker Consumer Reports said Friday.According to the research conducted by Consumer Reports, LG's 65-inch TV with a model number of OLED65B8PUA received the top mark among OLED TVs in terms of resolution, sound and other performances. (Yonhap)Consumer Reports claimed the LG TV boasted outstanding resolution with a vivid sound system.The evaluator noted users can activate the TV through LG's artificial-intelli
Dec. 7, 2018
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LG Display promotes OLED tech in Japan
LG Display Co. said Friday that OLED TVs have emerged as a huge electronics business in Japan, claiming the country's market holds a bright future and that it is home to major clients.During the 28th Fintech Japan held in Chiba, near Tokyo, LG Display claimed that Japan is one of the world's major markets for OLED TVs, and that such products take up 69 percent of Japan's high-end TVs priced $2,000 and above. (Yonhap)LG Display added that a number of its major clients are Japanese companies, whic
Dec. 7, 2018
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LG Display raises 20b yuan in loans to finance Guangzhou plant
LG Display said Thursday that the company has raised 20 billion yuan ($2.91 billion) in syndicated loans with Chinese banks to finance the construction of its organic light-emitting diode plant in Guangzhou. The panel-maker said its Chief Financial Officer Kim Sang-don met on Wednesday with officials from the China Construction Bank, the Bank of Communication, the Agricultural Bank of China and the Bank of China to ink the deal. LG Display officials celebrate a 20 billion yuan loan deal with Ch
Dec. 6, 2018
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Samsung seeks stability with minimal executive promotions for 2019
South Korea’s biggest conglomerate Samsung on Thursday conducted the smallest scale of senior executive promotions since 2015, indicating that the tech giant prefers stability over change for next year. Two major promotions were made in the C-level reshuffle. Kim Ki-nam, previously chief executive officer of Samsung’s device solutions division and chairman of the Samsung Advanced Institute of Technology, was promoted to vice chairman in recognition of his leadership that led the company to unpre
Dec. 6, 2018
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Today’s Home, ‘Black Desert Mobile’ top Korea’s 2018 Google Play App Awards
Today’s Home, a social network-based home interior information platform, and “Black Desert Mobile,” a hit mobile role-playing game from Pearl Abyss, were named the top mobile apps in South Korea for 2018 by Google Play on Thursday. Every year, Google’s mobile app store operator recognizes outstanding apps in various categories ranging from lifestyle and commerce to social networking, finance and games.Among the apps considered by Google Play for the Korean market this year, Today’s Home develope
Dec. 6, 2018
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Samsung’s chipmaker CEO promoted to vice chairman
Samsung Electronics on Thursday promoted Kim Ki-nam, chief executive officer of Samsung’s device solutions division, to vice chairman in recognition of his leadership that led the company to unprecedented performance this year. The promotion was made as part of the tech titan’s annual personnel reshuffle. Kim has been leading Samsung’s most lucrative semiconductor division since November 2017 as he was promoted to the CEO position by Samsung heir Lee Jae-yong while the latter was in jail for inv
Dec. 6, 2018
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LG Display raises 20b yuan in syndicated loans
South Korea's panel maker LG Display Co. said Thursday it has raised 20 billion yuan ($2.91 billion) in syndicated loans with Chinese banks to finance its local affiliate, LG Display High-Tech Co.The display maker said the deal was reached with China Construction Bank, the Bank of Communication, the Agricultural Bank of China and the Bank of China on Wednesday. (Yonhap)A syndicated loan refers to a loan provided by a group of lenders to a borrower under the same conditions. The instrument helps
Dec. 6, 2018
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[Tech Brunch] Samsung Electro-Mechanics eyes new demand for capacitors in 5G era
Tech Brunch breaks down how complex technologies work. -- Ed.Samsung Electro-Mechanics, an electronic component affiliate of Samsung since 1973, had belatedly joined a Japan-led market for multilayer ceramic capacitors (MLCC) for electronics in 1986. But decades later, it is now seeking to lead the specific market with its signature nanotechnology and ultra-thin technology on new demand for the capacitors in the era of the fifth-generation network. “It was a huge challenge for the company that u
Dec. 5, 2018
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Sales of OLED TVs expected to hit 1 m units in Q4
Global shipments of OLED TVs are expected to hit 1 million units in the fourth quarter of 2018 to set a new record, industry watchers said Wednesday, as high-end TVs have become more affordable. Market watchers sales of OLED TVs will likely break the previous record, especially since the period is the peak shopping season for consumer electronics as retailers offer large discounts. (Yonhap)IHS Markit earlier expected shipments to reach around 929,500 units in the October-December period.LG Disp
Dec. 5, 2018
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Korea's indigenous weather satellite successfully launched
South Korea's first indigenous geostationary weather satellite, the Chollian-2A, intended to enhance the country's weather monitoring system, successfully made initial contact with a ground station after blasting off from a space center in French Guiana, the government in Seoul said Wednesday.The multipurpose satellite, also known as GEO-KOMPSAT-2A, lifted off aboard a launch vehicle made by Arianespace from the Guiana Space Center at Kourou at 5:37 a.m., according to the Ministry of Science and
Dec. 5, 2018
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Samsung decides to extend Olympic sponsorship until 2028
Samsung Electronics announced Tuesday the tech titan will extend its official sponsorship for the Olympics until 2028, including the 2024 Paris and 2028 Los Angeles events, dispelling rumors about its possible withdrawal after the company’s involvement in a former president’s bribery scandal. Samsung said it signed the deal with the International Olympic Committee at Hotel Shilla in central Seoul, attended by its heir Lee Jae-yong and IOC President Thomas Bach, for a sponsorship amount publicly
Dec. 4, 2018
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SK Holdings C&C partners with ConsenSys for blockchain hub
SK Holdings C&C, the information technology solutions unit of South Korea’s SK Group, said Tuesday that it has partnered with ConsenSys, a leading US-based Ethereum blockchain technology company, to develop an “enterprise blockchain development hub” for use by Korean businesses.The two companies signed a memorandum of understanding, agreeing to work on building an enterprise blockchain business model utilizing “smart contracts” among designated entities, SK Holdings C&C said. (123RF)Under the ag
Dec. 4, 2018
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Korean satellite successfully reaches earth's orbit
A small South Korean satellite designed to carry out space observation successfully reached its designated orbit after blasting off from an Air Force base in the United States, Seoul's science ministry said Tuesday.The Next Sat-1, which lifted off from the Vandenberg Air Force Base in California at around 10:34 a.m. Monday (local time) aboard the Falcon 9, made contact with ground stations, the Ministry of Science and ICT said.The 107-kilogram satellite, developed by the Korea Advanced Institute
Dec. 4, 2018
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Samsung to brace for slow growth in 2019 in personnel reshuffle
South Korean tech giant Samsung Electronics is poised to conduct its year-end personnel reshuffle, which is widely expected to reflect anticipated slow growth for the chip and smartphone markets in 2019, industry sources said Monday.Reports and sources gave mixed views, with some predicting the reshuffle would be “conservative,” and others forecasting it would be aimed at “reducing the top brass.” Samsung is highly anticipated to promote only a minimum number of senior officials to executives in
Dec. 3, 2018
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Facebook brings ‘ad breaks’ video monetization feature to Korea
Facebook said Monday that “ad breaks,” ads that appear partway through videos uploaded on the social networking site, are now available as a monetization method for video creators in South Korea.The US social networking giant initially introduced the feature in August in five countries -- the US, the UK, Ireland, Australia and New Zealand -- and has since been expanding it to new territories. As of Monday, ad breaks are available in three Asian markets: Korea, Indonesia and Vietnam. Creators obt
Dec. 3, 2018
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Kakao interlinks with JapanTaxi to offer taxi-hailing service in Japan
Beginning later this week, South Korean travelers in Japan will be able to use the Kakao T taxi-hailing app to fetch taxis locally. The app is set to be interlinked with JapanTaxi, the biggest taxi-hailing company in Japan.Starting Thursday, the option will become available on the Kakao T app, enabling users to hail taxis in Japan without additional registration procedures, said Kakao Mobility, the mobility business unit of Korea’s mobile-messaging giant Kakao.The service is not free -- a “call
Dec. 3, 2018
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Kakao Bank unveils passbook for mobile community
Internet-only Kakao Bank said Monday it has unveiled a passbook for members of mobile communities and group communication. An administrator of a mobile community can open a passbook that can be used to collect membership fees, the bank said. (Yonhap)As many as 100 members, who are aged 14 or older, can join one passbook, the bank said. For security reasons, the passbook's account is available for a virtual account to members of a mobile community, the bank said. Lee Byeong-soo, a senior Kakao B
Dec. 3, 2018
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Korea officially launches 5G service via Samsung phone
To mark the official launch of the fifth-generation of mobile network, South Korean mobile carriers held various celebrations on Saturday, and vowed to aggressively expand their 5G infrastructure across the country in preparation for launch on smartphones in March, according to the telcos on Sunday. SK Telecom CEO Park Jung-ho made a video call from the mobile operator’s network control center in Bundang, Gyeonggi Province to a staff manager in the company’s Myeong-dong office in central Seoul,
Dec. 2, 2018
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Gaming smartphone Razer Phone 2 arrives in Korea
Singaporean gaming device developer Razer introduced the Razer Phone 2, a gaming smartphone, in South Korea on Friday, with aims to entice mobile gamers in one of the world’s biggest markets for video gaming and esports. The Razer Phone 2 will officially begin sales next Tuesday, exclusively via local distributor All Life Technology and CJ Hello, a minor mobile carrier and cable TV operator in Korea. The Razer Phone 2 (Razer)The new gaming smartphone is officially priced at 990,000 won ($884),
Nov. 30, 2018
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Samsung SDI to expand battery production in US
Samsung SDI, the battery-making unit of South Korea’s Samsung Group, will be expanding its battery pack plant for electric vehicles in the Unites States, the company said Thursday. Samsung SDI will be investing over $62 million to extend its existing plant in Auburn Hills in Michigan nearby Detroit. (Yonhap)The company had acquired the electric battery pack plant that had been owned by Magna Steyr, an automobile manufacturer based in Graz and Austria.Industry insiders predict that the expansion
Nov. 29, 2018