For instance, Trader Joe’s, a US-based grocery chain, only provides 4,000 types of food product specifically targeting those with a higher education background, medium income level and appetite for exotic food. But the company logs almost 3.5 times higher sales revenue than Kroger, one of the biggest supermarket chains in the country. “In order to create a long-term relationship with your custom...

New technology expected to be widely used in field of on-site diagnosis for various diseases

South Korean IT giant Kakao will provide mobility services in Guam before the end of the third quarter through a partnership with Miki Taxi, one of the largest taxi services on the US island territory, Kakao Mobility said Tuesday. In doing so, the firm will become the country’s first mobility company to apply the entire infrastructure ranging from the platform, driver application and administrat...

TerraPower is developing reactors that use liquefied metal as a coolant instead of water, which enables a small reactor to pursue high power density and at the same time operate at a low pressure, decreasing the chances of a meltdown. Moreover, TerraPower‘s power grid will use molten salt to store thermal energy generated from the reactors, enabling the stable supply of power. TerraPower’s produ...

Two former employees of Semes, a Samsung Electronics subsidiary and key semiconductor chip-related equipment supplier, have been indicted for their alleged involvement in technology theft. The two former Semes staffers were allegedly involved in selling crucial wafer cleaning machines -- believed to be identical to ones by Semes -- to an undisclosed Chinese entity, according to Suwon District Pu...

The character options are designed to offer users a sense of emotional attachment to the visual agent of A., said Yea Hui-kang, vice president and head of Brand Strategy Office at SK Telecom. “We expect users to create emotional touch from characters because characters are offering a sense of intimacy based on verbal interactions,” Yea told reporters. The app can currently search and recommend ...

A South Korean budget mobile carrier said on Monday it will introduce two 5G Motorola smartphone models, nine years after the American brand pulled out the mobile business here. Bookings for the new phones, which will be released at the end of this month, can be made at the online mall of LG Hello Mobile. Motorola left the Korean mobile market in December 2012. The new models Edge 20 Lite 5G a...

Samsung Research chief calls for immediate, concerted efforts to open new 6G era

Labeled as ‘invisible mask,’ nasal spray to be commercialized before the end of 1st half of the year: KIST

Despite rapid digital transformation shaking up industries from manufacturing to finance, South Korea still lacks companies that can provide digital solutions to business challenges, a tech chief executive officer of retail and food giant CJ Group said Wednesday. “It’s the ugly truth that although it is crucial to use cutting-edge digital technologies to improve business operations and satisfy c...

South Korea’s homegrown mobile app store operator One Store has dropped its plan to go public amid poor stock market conditions, the company said Wednesday. One Store’s decision comes a day after a book building of institutional investors wrapped up, in which the offering price of a common share was below its suggested price band, at between 34,300 won ($26.9) and 41,700 won apiece. The figures...

LG Energy Solution Ltd. and the Research Institute of Industrial Science and Technology (RIST) said on Wednesday they agreed to conduct a joint research project to develop smart factory technologies. Among the technologies the country’s top battery maker and the Posco-founded think tank plan to develop together is a “digital twin,” a virtual representation that serves as the real-time digital co...

This photo unveiled Tuesday shows an 8-inch, 360-degree folding organic light-emitting diode screen for mobile devices by South Korean panel maker LG Display. It was showcased during Display Week 2022 hosted by the Society for Information Display from Sunday to Friday in San Jose, California. According to LG Display, the screen can be folded over 200,000 times without affecting its performance.

Samsung Electronics has reclaimed the No.1 spot by monthly sales in India, buoyed by the return of its Galaxy Note successor Galaxy S22 Ultra, a phablet with built-in stylus S Pen support, data showed Tuesday. Samsung emerged as the leader in overall smartphone sales and shipments for the first time in six months in the world’s second-largest smartphone market, showed data by market intelligence...