South Korean chip design house LX Semicon is seeking shareholder approval for a delisting from the stock market’s Kosdaq development board and a listing on the main board Kospi, filings showed Thursday. LX Semicon, a chipmaker dedicated to display driver integrated circuits for TVs and mobile phones, is scheduled to hold an extraordinary shareholder meeting on Sept. 23 at its headquarters in Dae...

Korea Astronomy and Space Science Institute’s cryogenic vacuum chamber to test performances of NASA’s telescope

Samsung is envisioning a change in governance structure as a presidential pardon has virtually normalized de facto leader Lee Jae-yong’s control over the nation’s largest conglomerate. Lee Chan-hee, chief of Samsung’s independent compliance oversight committee, told the press before the committee’s regular meeting Tuesday that it is “working to address the corporate governance issue” of Samsung,...

The cutting-edge monitor, first unveiled at the Consumer Electronics Show 2022 in January, will be launched worldwide in September, with preorders being accepted in the United Kingdom on Monday. In Korea, sales of Odyssey Ark will begin on Sept. 7 at the retail price of 3.4 million won ($2,600), with preorders available beginning on Aug. 24. Odyssey Ark is the latest addition of Samsung‘s signa...

Samsung Electronics executive vice president Yang Tae-jong said the IT giant’s newest smart wearable device -- Galaxy Watch5 series -- offers the world’s most advanced sleep-tracking technology in a press conference held Thursday in New York, a day after the Galaxy Unpacked August 2022 event. “Galaxy Watch5 is loaded with various technologies including an innovative bioactive sensor that can mea...

Corporation’s de-facto leader likely to rejoin boardroom; vows to ‘do utmost’ to revive economy

600,000 doses of SKYCovione to be released this month, but public's low trust in vaccine in general is hurdle

Samsung Electronics mobile head, Roh Tae-moon, said the South Korean tech giant looks to target wider audiences with its Galaxy foldable phones in a bid to address the sluggish growth of its premium smartphones and macroeconomic headwinds, in a press conference held Wednesday, in New York. As the clamshell-type Galaxy Z Flip and book-type Galaxy Z Fold evolve, the combined shipments of two model...

Preorders of Z Flip 4, Z Fold 4 to start Tuesday with official launch set for Aug. 26

Material used for wrinkle-free foldable displays is one of 3 restricted export items by Japan

The heavier burden of corporate taxes and cost per hire are weighing on South Korean chipmaking giants like Samsung Electronics, indicating the unfavorable conditions leave them behind competitors like Taiwan-based TSMC amid intensifying semiconductor competition worldwide, according to a local think tank Wednesday. Korea sets the maximum rate of the corporate tax at 25 percent -- imposed on tax...

The Korea Communications Commission will look into whether app market operators -- Apple, Google and One Store -- are in violation of a Korean law that bans forcing certain in-app payment methods among app developers, the regulatory agency said Tuesday. The fact-checking investigation will begin from Aug. 16, according to the KCC. App market operators that only allow certain payment options or r...

South Korean lithium-ion battery cell makers are expected to be beneficiaries once the Inflation Reduction Act comes into force in the United States, as the bill is likely to induce US electric vehicle makers to cut their reliance on Chinese battery components. But at the same time, Korean battery makers are now pressured to preemptively diversify their import sources of key materials out of Chi...

The South Korean government will draw up a frequency spectrum plan by the end of this year in efforts to support the growth of new industries such as electric vehicles, robots and urban air mobility, the Ministry of Science and ICT said Tuesday. “We hope that the government’s preemptive supply of frequency and policy improvements will serve as a foundation for Korea to lead the global market in ...

Korean biotechnology firms hoping to ink successful deals with foreign pharmaceutical companies must fully comprehend their potential partners’ A to Z’s, a legal expert in out-license deals said. “(Global big pharmas) want something that’s going to be successful and hopefully innovative, and both help patients and provide care, but also be valuable and create profit for the company,” Joshua Hofh...