Articles by Jo He-rim
Jo He-rim
herim@heraldcorp.com-
Bold goals set to tackle trade loss next year
South Korea on Tuesday laid out a set of bold goals to support private-sector-led growth in 2023, promising financial aid to achieve a trade surplus and attract foreign investment in a bid to minimize the impacts of a global economic slowdown. While 2023 is expected to be challenging for the economy amid growing uncertainties in the global market, the government said it will achieve $680 billion in exports and attract more than $30 billion of foreign investment, while investing some 100 trillion
Industry Dec. 27, 2022
-
Hyundai Heavy Industries renames itself HD Hyundai
Hyundai Heavy Industries Group said Monday it is rebranding as HD Hyundai, opening a new chapter in its 50-year history as the nation’s top shipbuilder. The group also unveiled its new mission for the future -- to “pursue innovation that leads the era, and constantly challenge itself to pioneer the future of humanity” -- during its 50th anniversary ceremony held at a research and development center in Pangyo, Gyeonggi Province. It presented a vision for each of its three key bu
Industry Dec. 26, 2022
-
'Half-baked' chips act falls short of drastic corporate tax cuts
South Korea last week passed a revision bill being deemed the "Korean chips act," expanding tax benefits for investments in the semiconductors industry. But the bill has done little to appease stakeholders in the industry, who said the increased tax cuts are too little to boost their competitiveness against other countries that have adopted their own chips laws. The National Assembly on Friday passed the revision bill to the Restriction of Special Taxation Act, which raised the corpora
Industry Dec. 25, 2022
-
[Photo News] Color of 2023
LG Electronics introduces "viva magenta," the color selected by Pantone as the color of 2023, for its chameleon four-door fridge MoodUp in the high-end Objet Collection. The tech giant added the new color to the self-illuminating doors of MoodUP, which uses light-emitting diodes. With the addition, the model is able to light up in 23 colors, according to the company.
Technology Dec. 22, 2022
-
LG Innotek to unveil most advanced optical zoom module for smartphones
LG Innotek said Thursday it will unveil the most advanced ultra-compact optical zoom camera module for smartphones, at the upcoming Consumer Electronics Show in Las Vegas early next month. The electronic parts supplier said it has succeeded in developing an optical telephoto zoom camera module that enables telephoto cameras for mobile devices to zoom four to nine times without causing image degradation. The new camera module is the world's first to apply the zoom lens mechanism of a mirrorl
Industry Dec. 22, 2022
-
SK to offer glimpse of daily life in carbon-neutral future
SK Inc., the strategic investment arm of SK Group, said Wednesday it will present a glimpse of the future drawn by its “carbon-neutral” technologies at the upcoming Consumer Electronics Show in Las Vegas early next month. SK Inc.’s showroom at the trade show will exhibit its envisioned energy life cycle encompassing production to consumption, that cuts the energy usage with its advanced eco-friendly technologies. Their technologies will include a next-generation sodium-cooled f
Industry Dec. 21, 2022
-
LG chief stresses customer values in New Year’s message
LG Group Chairman and CEO Koo Kwang-mo urged the company's staff and executives to take the lead in creating customer-friendly values, calling them “customer value creators,” in his New Year’s speech for 2023, Tuesday. Delivering the video speech via email to staff around the world, Koo said employees should promote the "virtuous cycle" of growth -- where staff members’ personal growth create touching experiences for users, which in turn accumulate to suppo
Industry Dec. 20, 2022
-
Samsung chief heading to Vietnam to inspect new R&D center
Samsung Electronics Chairman Lee Jae-yong is expected to head to Vietnam this week to celebrate the completion of the company’s new research and development center, according to industry sources on Tuesday. Upon the meeting, sources say, the Samsung chief is also likely to hold a meeting with Vietnamese President Nguyen Xuan Phuc. The ceremony is scheduled to be held on Thursday in Hanoi, with key officials of the Vietnamese government in attendance. In order to attend the ceremony, Lee ca
Industry Dec. 20, 2022
-
Samsung, SK hynix to face grim Q4 due to weak demand: report
South Korea's leading semiconductor makers Samsung Electronics and SK hynix face a grim outlook in their fourth quarter sales due to sluggish demand for memory chips, a report said on Monday. In a report, Daol Investment and Securities forecast that Samsung Electronics, the world's largest memory chip and mobile phone maker, would log sales of 73.2 trillion won ($56.2 billion) in the fourth quarter this year, down 4.4 percent than the previous year. Operating profit would plunge by 4
Industry Dec. 19, 2022
-
LG Electronics chosen as Corporate Startup Stars in CSS Award
LG Electronics has been chosen as one of the most active corporations working with startups and was honored for its collaboration practices in East Asia at the seventh Corporate Startup Starts Awards. According to LG Electronics on Sunday, it has been named a East Asia Corporate Startup Star for its cooperation with startups in East Asia. The award is divided into seven regional awards -- Europe, North America, South America, Africa, Middle East, East Asia, China. The CSS Awards, jointly organiz
Industry Dec. 18, 2022
-
Minister confirms South Korea’s participation in US-led chip alliance
South Korea is highly expected to join a strategic chip alliance proposed by the United States, as the trade minister stressed the country “cannot miss out” in the semiconductor industry, a key pillar of the Korean economy. Minister of Trade, Industry and Energy Lee Chang-yang said the government is considering joining the so-called Chip 4 grouping that connects the four global chip powerhouses -- South Korea, the United States, Taiwan and Japan. “We really cannot miss (opportu
Industry Dec. 18, 2022
-
[Newsmaker] JTBC’s ‘Reborn Rich’ intrigues with enigmatic chaebol stories
The latest JTBC TV series “Reborn Rich” is a hit in South Korea. The drama's popular “reincarnation” fantasy plot is mixed with real-life stories of chaebol, a subject of both admiration and dislike in South Korea. Three weeks after the first episode aired on Nov. 18, the latest episode saw its viewership rating hit the 20 percent mark over the weekend, the only TV drama to have breached that level this year in Korea. It is also ranked high on other popular global streami
Industry Dec. 13, 2022
-
SK hynix develops world’s fastest server DRAM
South Korean chipmaker SK hynix said Thursday it has developed the world's fastest server memory module that has greatly improved the operation speed of existing module chips in the market. The new product, DDR5 Multiplexer Combined Ranks Dual In-line Memory Module, boasts a data transfer rate of a minimum 8 gigabits per second, almost 80 percent faster than the 4.8 gigabits of the current DDR5 chips. Developed in collaboration with global chip giants Intel and Renesas, SK hynix said their
Industry Dec. 8, 2022
-
SK chief stresses ties with Japan to tackle geopolitical challenges
South Korea, the United States and Japan should work closely together to address geopolitical challenges pressing Northeast Asia and beyond, SK Group Chairman Chey Tae-won said at a forum. Chey made the remarks at the 2022 Trans-Pacific Dialogue in the US, an annual gathering hosted by the Chey Institute for Advanced Studies, an SK-affiliated think tank named after the chairman's father, SK Group founder Chey Jong-hyun. The three-day forum, which kicked off Monday, was attended by former an
Industry Dec. 7, 2022
-
Samsung chief inspects Barakah nuclear plant site in UAE
Samsung Electronics said Tuesday Chairman Lee Jae-yong visited a Samsung C&T construction site of a new nuclear power plant in the United Arab Emirates and encouraged workers there. The construction unit of Samsung Group is building two nuclear reactors at the Barakah nuclear power plant. During his visit, Lee held a meeting with local employees, most of them in their 20s and 30s. “The Middle East, which is currently pushing for a ‘great transformation’ to find a new growth eng
Industry Dec. 6, 2022
Most Popular
-
1
Opposition-led Assembly unilaterally passes bill to probe Marine's death
-
2
Golden chance to liquidate babies’ gold rings?
-
3
Inflation eases in April, continues bumpy ride
-
4
Seoul to more than double military drones by 2026 to counter NK threats
-
5
Russia sent more than 165,000 barrels of refined petroleum to N. Korea in March: White House
-
6
Seoul alerts overseas missions to NK terror threats
-
7
Over 60% of S. Koreans support W100m childbirth incentive: survey
-
8
Key suspects grilled over alleged abuse of power in Marine death inquiry
-
9
‘Inside Out 2’ adds four new emotions, explores teenage life
-
10
Questions raised over fair promotion of RM, NewJeans