Most Popular
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'Super Rich in Korea' will leave viewers appreciating Korea more: producers
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Probe of first lady on Dior bag allegations set to begin
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Top prosecutor pledges 'speedy, strict' probe into first lady's luxury bag allegations
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Indonesia’s KF-21 fighter jet deal cut back -- what’s next?
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Korean battery makers heave sigh of relief over 2-year IRA reprieve
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[KH Explains] Can tech firms' AI alliances take on Nvidia?
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Over 80,000 millionaires, 20 billionaires in Seoul: report
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Police seek arrest warrant for med student who killed girlfriend
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Local filmmakers criticize ‘The Roundup: Punishment’ monopoly of screens
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Will China's self-sufficient dream in HBM come true?
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Samsung temporarily halts production of Galaxy Note 7: official
Samsung Electronics Co. has temporarily suspended production of the Galaxy Note 7 smartphone, an official at a supplier for Samsung said Monday, amid a series of media reports that some Note 7 replacements have caught fire. The halt is in cooperation with consumer safety regulators from South Korea, the United States and China, the official said on the condition of anonymity. Galaxy Note 7 (Samsung)"This measure includes a Samsung plant in Vietnam that is responsible for global shipments (of the
Oct. 10, 2016
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[Herald Interview] Nokia’s AP head bets on Korea’s 5G leadership
South Korea may be in a leadership position in the global market for 5G broadband, Nokia’s Asia Pacific and Japan head said last week. Korea aims to be the first to unveil the next-generation network 5G -- which can deliver data 1,000 times faster than long-term evolution -- in time for the 2018 PyeongChang Winter Olympics. The successful launch of the technology, being developed by local telecom operators in partnership with Samsung Electronics, Nokia, Ericsson and NEC, is critical for Korea i
Oct. 9, 2016
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iPhone 7 to hit S. Korean shelves on Oct. 21
U.S. tech giant Apple Inc. said Saturday the iPhone 7 series is slated to reach the South Korean market on Oct. 21, and is set to compete with other local rivals in the high-end handset market.Apple said the iPhone 7 and iPhone 7 plus, each with 4.7-inch and 5.5-inch displays, respectively, will officially set sail here, along with the wireless earphones, called Airpod.The local price for the devices, however, has not yet been announced by mobile carriers here. Industry watchers here have been e
Oct. 8, 2016
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Despite recall, Samsung expects W7.8tr profit
Amid a worldwide recall of its latest Galaxy Note 7 smartphone, Samsung Electronics on Friday predicted 7.8 trillion won in operating profit for its third-quarter business period, a 5.5 percent increase compared to last year.The 3Q earning guidance released by the South Korean tech giant beat analysts’ estimate, an average of 7.4 trillion won, according to FN Guide, a local fund tracker.The better-than-expected estimate appears to have been supported by the strong sales of NAND flash memory chip
Oct. 7, 2016
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Park visits virtual reality exhibition to promote VR technology as growth dynamo
President Park Geun-hye on Friday visited a virtual reality exhibition in Seoul to provide fresh momentum to her government's drive to nurture the promising technology sector as a new growth engine.The exhibition, called Korea VR Festival, began its four-day run on Thursday. Nearly 80 companies, including those from the United States, Japan and China, have joined the event held at the Nuri Dream Square, a tech cluster in western Seoul.Park met with the heads of the participating VR companies and
Oct. 7, 2016
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Samsung remains cautious as share price surges on Elliott’s proposal
As Samsung Electronics remained cautious over US hedge fund Elliott’s proposal on governance restructuring, stock prices of the tech giant and related affiliates surged Thursday.Earlier Wednesday, Elliott sent a letter to Samsung Electronics, noting that the “unnecessary complex” structure of the company was weighing on its stock prices and it is thus undervalued by as much as 70 percent.The activist investor asked Samsung Electronics to split into a holding company and list its operating compan
Oct. 6, 2016
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Samsung phone mired in safety controversy again
Samsung Electronics is mired in another round of controversy after a US airliner was forced to evacuate its passengers and crew before taking off Wednesday from a Louisville airport after smoke was detected from a replacement Samsung smartphone, according to reports Thursday.The Southwest Airlines jet was getting ready to take off from a Louisville airport when the smoke was detected coming from one of the passenger’s Galaxy Note 7.The owner of the phone, Brian Green, told local media his device
Oct. 6, 2016
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[Photo News] Preorders for Luna S begin
Korean network carrier SK Telecom on Thursday began receiving preorders for the Luna S smartphone, a mid-tier smartphone jointly developed by local electronics maker TG&Co. and SK Telecom. The Luna S, priced at 568,700 won ($511), is an upgraded handset based on its predecessor Luna, promoted to success here by Seolhyun of K-pop girl group AOA last year. It will begin official sales Wednesday. (SK Telecom)
Oct. 6, 2016
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Merck Korea launches biopharma support center in Songdo
German life sciences and chemicals giant Merck opened a new biopharmaceuticals production and development support center in Incheon’s Songdo district on Thursday, as part of its moves to ramp up its presence in the country’s fast-growing biotechnology industry. Located in the heart of Korea’s fast-growing biotechnology hub, Merck’s M Lab Collaboration Center is designed to provide local clients such as Samsung BioLogics, Celltrion and Green Cross with more comprehensive training and research and
Oct. 6, 2016
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LG Chem breaks ground on EV battery plant in Poland
Korean battery maker LG Chem broke ground on its electric vehicle battery plant located in Wroclaw, southwestern Poland, the company said on Thursday. LG Chem aims to operate the 41,300 square-meter plant by the second half of 2017 with an investment of 400 billion won ($360 million). The plant will be capable of producing more than 100,000 batteries annually for electric vehicles that can run up to 320 kilometers on a single charge, the company said. LG Group Chairman Koo Bon-moo (second from r
Oct. 6, 2016
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US flight evacuated after another Samsung phone fire
A Southwest Airlines flight leaving Louisville, Kentucky was evacuated Wednesday after a passenger’s Samsung phone began emitting smoke. Flight 994 was evacuated on the runway prior to takeoff after a passenger’s Samsung Galaxy Note 7 -- described as a replacement in Samsung’s global recall of the device -- apparently caught fire, the airline said.“All customers and crew deplaned calmly and safely via the main cabin door,” it said in a written statement. (Brian Green)There is an ongoing global
Oct. 6, 2016
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New data on ‘Korean human genome’ published in ‘Nature’ scientific journal
New data detailing the genome sequence of a Korean individual was published in the scientific journal Nature on Thursday, offering new reference points specific to the Asian population for genetic scientists around the world. Titled “De Novo Assembly and Phasing of a Korean Human Genome,” the new academic research was compiled by the Seoul National University’s Genomic Medicine Institute in partnership with Korean genetic sequencing firm Macrogen.A graphic of a human genome based on a Korean in
Oct. 6, 2016
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Fitbit Charge 2 launched in Korea
US wearable maker Fitbit launched its latest model “Fitbit Charge 2” in Korea on Wednesday. (Fitbit)Fitbit Charge 2 is an update to the brand’s previous best selling product “Charge HR,” with enhanced design and functions that gauge the wearer’s heartbeat, breathing and fitness level in real time. The measured data are all put into a numerical scale for maximum workout results, the company said. The price for the smart band is 199,000 won ($178). The product can be found at online shopping chan
Oct. 5, 2016
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Prices of DRAM, NAND chips to significantly improve in Q4
The average prices of DRAM and NAND flash memory chips are expected to significantly improve in the fourth quarter, helped by stronger demand for notebook computers and a supply shortage in the NAND flash market, according to industry data Wednesday. The average contract price of DRAM for personal computers rose 7.4 percent on-month in September to $14.50, and the price for the fourth quarter “will reach its highest point in two years due to stronger-than-expected notebook demand worldwide,” DRA
Oct. 5, 2016
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Possible Apple-China panel deal may not impact Samsung: analyst
China’s aggressive investment in panels may not have a significant impact on South Korea’s leading display manufacturers such as Samsung Display and LG Display, amid speculations that Apple may use LCD panels from China, according to local analysts. The latest report by IHS Markit said Apple is considering diversifying its supply chain to Chinese makers for its MacBook Air lines as Samsung and LG are shifting their focus into OLED from LCD. If so, this will be the first time Apple will use LCD p
Oct. 5, 2016
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LG Chem displays future of batteries
LG Chem, one of the world’s largest battery manufacturers, is participating at an annual exhibition of rechargeable batteries in Seoul this week to display the products the company has developed for future industries, company officials said Wednesday.Their products displayed at the InterBattery 2016 include high-powered small batteries for drones and NASA spacesuits. A capture of the battery conference official website.LG is one of 140 companies participating the exhibition that runs through Fri
Oct. 5, 2016
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Samsung’s mid-tier Galaxy A8 smartphone launches in Korea
Samsung Electronics’ newly upgraded Galaxy A8 smartphone began sales in South Korea on Wednesday, aiming to appeal to customers looking for a premium smartphone at a lower cost. Sold exclusively through local network carrier SK Telecom, the Galaxy A8 is a mid-tier smartphone priced at 649,000 won ($583) -- making it around 300,000 won cheaper than the premium Galaxy Note 7, which recently resumed sales in Korea.A model holds up the new Galaxy A8, which was released in Korea via SK Telecom on Wed
Oct. 5, 2016
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More mid-range smartphones available in Korea
Smartphone makers such as Samsung Electronics Co. and Sony Corp. have launched their latest mid-range smartphones in South Korea, targeting the niche segment between flagship and low-end smartphones.Samsung began selling the Galaxy A8 smartphone on Wednesday via SK Telecom, the nation's top mobile carrier. With a 5.7-inch screen and better camera capabilities, the A8 smartphone is touted as the closet mid-range smtphone to the flagship Galaxy S series. The A8 is priced at 649,000 won ($583) in S
Oct. 5, 2016
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Samsung’s foldable smartphone may debut next year
Market expectations that Samsung could debut its foldable smartphones next year grew Tuesday, after the latest in a series of related patents was registered by the tech giant’s affiliates in the US.The United States Patent and Trademark Office granted Samsung Display, a display unit of the South Korean electronics giant, a patent on foldable display device on Sept. 27, the US office’s online data showed. A blueprint of Samsung's foldable smartphones submitted to the USPTO.Registered as No. 9,455
Oct. 4, 2016
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LG Chem to supply EV battery to Faraday Future
South Korean battery-maker LG Chem signed a partnership deal with American tech startup Faraday Future to supply electric vehicle batteries, the two firms announced Tuesday.The local battery firm said the cells would be incorporated into Faraday Future’s Variable Platform Architecture, the automaker’s unique platform, which enables users to extend EV battery capacity. “LG Chem worked closely with Faraday Future to develop a tailored cell chemistry to optimize the range and safety of our mass pro
Oct. 4, 2016