Samsung’s new foldable phones to be unveiled on July 26 in Seoul

Samsung Electronics on Thursday sent out invitations to the “Join the Flip Side” unpacking event for its new foldable smartphone series later this month in Seoul, marking the tech giant’s first Galaxy Unpacked on its home turf. Samsung will kick off the summer edition of its unveiling event at Coex, one of South Korea's largest convention and exhibition centers, in Gangnam-gu, southern Seoul, at 8 p.m. on July 26. The event will also be live-streamed on the company’s

July 6, 2023

Kumho Tire inks sponsorship deal with AC Milan

South Korean tire maker Kumho Tire said Thursday it has signed a sponsorship deal with AC Milan, the renowned Italian professional football club based in Milan, for five seasons through the 2027-28 Serie A season. The signing event was held at the club’s headquarters Casa Milan with top executives including Kumho Tire CEO Jung Il-taik and AC Milan CEO Giorgio Furlani in attendance. AC Milan, established in 1899, is one of the top European football clubs with a total of 19 league titles. Un

July 6, 2023

[Herald Interview] Snowflake seeks to expand presence in Korea

US cloud software company Snowflake launched its Korean unit in 2021 with the aim of attracting big-name local companies such as Samsung and LG as lucrative corporate clients. In Korea, many large conglomerates operate their own IT solutions providers, but during these times of digital transformation and the development of artificial intelligence, it has become a lot trickier to store and process vast amounts of information and make the best use of them on their own. "With Snowflake&rsquo

July 5, 2023

Samsung may face tighter scrutiny under new EU rules

Samsung Electronics may be subject to the European Union’s new platform service regulations targeting big tech companies, as the Korean tech giant notified the European Commission it meets the EU’s criteria as a “gatekeeper.” On Tuesday, the EU revealed the names of seven companies that have reported they meet the criteria set by the Digital Markets Act, which came into force in November last year. The seven companies are Google parent company Alphabet, Amazon, Apple, Tik

July 5, 2023

LG bets big on art to enhance brand identity

LG Group is betting big on art to enhance its brand value globally. The nation’s fourth-largest conglomerate has been actively expanding partnerships with global art museums and institutions to spur artistic innovations and sponsor digital artists. In June last year, the group’s key affiliates -- including LG Corp., LG Electronics, and LG Display -- forged partnerships with Guggenheim Museum, a globally renowned modern and contemporary art museum in New York, under the LG Guggenheim

July 5, 2023

SK bioscience to help Thailand set up infrastructure for vaccine manufacturing

SK bioscience Co., a pharmaceutical affiliate of South Korea's SK Group, said Wednesday it has joined hands with Thailand's state-run drugmaker to build vaccine manufacturing and development infrastructure in the Southeast Asian country. SK bioscience and Thailand's Government Pharmaceutical Organization signed a memorandum of understanding on Tuesday, under which the Korean company will help the country prepare for future pandemics by developing a homegrown vaccine. As a first st

July 5, 2023

[Herald Interview] Chip wars: No end in sight

For those who may believe in the ideal of "free trade," it might seem "protectionist" for governments to intervene in international trade and provide subsidies to nurture their own industries. But these days, semiconductor powerhouses such as the US, South Korea, Taiwan and Japan, are all racing to present hefty subsidy programs to boost their own industries based on the fear that the lack of governmental support will decide the fate of their key strategic sectors. The world&

July 3, 2023

Korea, Spain join hands on mobility, smart manufacturing

South Korea and Spain are teaming up to conduct joint research on smart manufacturing and future mobility as part of their agreement signed last year to bolster technology ties, according to the Korea Institute for the Advancement of Technology, an institution affiliated with the Ministry of Trade, Industry and Energy, on Sunday. In November last year, the two countries set up an industrial technology partnership committee and discussed possible areas for collaboration. As a follow-up to the agr

July 3, 2023

MWC Shanghai wraps up with focus on Chinese firms

SHANGHAI -- The Mobile World Congress Shanghai, which returned as an in-person event after a two-year hiatus, wrapped up on Friday. Some 300 companies participated in the three-day event to boast their latest innovation practice of the fifth-generation business but mostly centered around the Chinese telecommunications industry. The number of companies that set up exhibition booths at this year’s MWC Shanghai was nearly halved from some 550 in 2019. Around 37,000 people participated in the

July 2, 2023

[Herald Interview] Korea at forefront of innovation, leadership: GSMA execs

SHANGHAI -- Top executives of GSMA, the host of the Mobile World Congress, said South Korea is a perfect place to learn about the digital transformation since it has been at the forefront of technological innovation and leadership. “Korea was one of the very first (countries) to launch 5G (network) services. It's got such vibrant operators and a technology ecosystem that are globally known and respected,” John Hoffman, CEO and director at GSMA Limited, said in an interview with

July 2, 2023

[Photo News] Accessible Kiosk

LG Electronics said Sunday it is launching a new self-service kiosk that is more accessible to people with limited vision and other physically handicapped users. The new touch-screen kiosk features a Low Vision mode displaying a clearer screen with larger letters and a Low Position mode which lowers the menu for wheelchair users. The tech giant plans to launch a Voice Assistant mode equipped with tactile keypads for use at local franchise restaurants later this year.

July 2, 2023

SKT invests $100m in Joby Aviation to ramp up UAM business

South Korean telecom giant SK Telecom announced late Thursday it will invest $100 million to acquire a 2 percent stake in US urban air mobility firm Joby Aviation. The two forged the investment agreement on Tuesday, and vowed to strengthen their partnership in the UAM business further. The Korean mobile carrier first signed a strategic collaboration agreement with Joby Aviation in February 2022, which was expanded to include TMAP, South Korea’s largest mobility platform, in May 2022. Joby

June 30, 2023

South Korea, Japan hold in-depth talks to strengthen bilateral trade

South Korean Trade Minister Ahn Duk-geun discussed measures to strengthen bilateral trade with his Japanese counterpart Hirohide Hirai during his visit to Seoul on Friday. The bilateral talk comes as Japan has announced to reinstate South Korea as a "Group A" country earlier this week, returning to Seoul the preferential export treatment it had enjoyed until 2019. The latest decision marked the end to a trade dispute that had dragged on for four years stemming from the issue ofKoreans

June 30, 2023

South Korea, US agree to work closely to address IRA, trade concerns

South Korea and the United States agreed to work closely to resolve concerns over the US' Inflation Reduction Act, discussing ways to strengthen battery supply chains, Thursday. South Korean Deputy Minister Joo Young-joon in charge of industrial policy at the Ministry Trade, Industry and Energy met with Deputy US Trade Representative Sarah Bianchi visiting Seoul. During the bilateral talks, Joo assessed that the two sides overall have smoothly managed the IRA issue, closely communicating vi

June 29, 2023

[Photo News] LG's auto achievements

LG Electronics employees celebrate the 10th anniversary of its vehicle solutions business at the ceremony held at LG Sciencepark in Seoul on Thursday. The tech giant set up the automotive business unit in 2013 which turned to a profit for the first time in the second quarter of 2022. As of last year, the unit’s accumulated orders have reached 80 trillion won ($60 billion). The company aims to become a leading player in the fields of infotainment solutions, electric vehicle powertrains and

June 29, 2023

[Best Brand] Emro seeks to lead innovation in supply chain management

South Korean supplier relationship management vendor Emro has been leading the digitalization of the purchasing process between companies and their suppliers, improving accuracy and efficiency in overall procurement operations. Founded in 2000, Emro has been conducting next-generation procurement system projects with leading companies in various industries such as Samsung, Hyundai Motor, LG and SK. Through these projects, Emro has incorporated specialized purchasing processes and functions tailo

June 28, 2023

[KH explains] Fear of being short fuels early puberty treatment boom

South Korea’s precocious puberty treatment market has seen rapid growth in recent years, as much as parents’ growing interest in children’s height has led to shortages of the therapies. Precocious puberty treatment is prescribed to children whose puberty begins before age 8 in girls and before age 9 in boys. Children with early puberty may grow quickly at first compared to their peers, but they often stop growing earlier than usual, causing them to be shorter than average later

June 28, 2023

Researchers develop waterproof, transparent, flexible OLED

Korean researchers have developed an organic light-emitting diode display that can emit light while showing the background under water by utilizing MXene nanotechnology, Korea Advanced Institute of Science and Technology said Wednesday. MXenes indicate a class of two-dimensional inorganic compounds comprising transition metal carbides, nitrides or carbonitrides. “We expect this study to not only serve as a guideline for MXene’s application in various electronic devices, but also be u

June 28, 2023

MWC Shanghai returns as in-person event after pandemic hiatus

SHANGHAI -- The Mobile World Congress Shanghai, the Asia edition of the world’s largest mobile communications industry trade show, has returned as an in-person event on Wednesday after a two-year hiatus due to strict COVID-19 restrictions in China. This year’s event, which runs through Friday at the Kerry Hotel Pudong and Shanghai New International Expo Center in Shanghai, kicked off under the theme of “velocity” and focused on three major areas -- 5G transformation, the

June 28, 2023

LG’s market cap triples under Koo's leadership

LG Group, South Korea’s fourth largest conglomerate, has seen its market capitalization triple and sales jump about 30 percent under the leadership of Koo Kwang-mo, who marks his fifth anniversary as the group's chairman on Thursday. With bold decisions to restructure the business portfolio and concentrate investment in key areas of automotive solutions and energy, and future technologies, Koo appears to be solidifying his leadership after he took office on June 29, 2018, following th

June 28, 2023