Most Popular
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Exports to US reach all-time high, widen gap with China
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Trump rekindles criticism: US forces defending 'wealthy' S. Korea 'free of charge'
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[Music in drama] Rekindle a love that slipped through your fingers
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Opposition-led Assembly unilaterally passes bill to probe Marine's death
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S. Korea discussed possible participation in AUKUS Pillar 2 with Australia: defense minister
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[New faces of Assembly] Architect behind ‘audacious initiative’ believes in denuclearized North Korea
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Seoul Metro to seek legal action against malicious complaints
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Illit, mired in controversy, remains on Billboard charts for 5th week
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Golden chance to liquidate babies’ gold rings?
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On May Day, labor unions blast Yoon's foreign nanny proposal
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Samsung CEO confident in competing against TSMC
Samsung Electronics co-CEO Kyung Kye-hyun, who oversees the tech giant’s chips business, expressed confidence in the foundry competition with its archrival, Taiwan Semiconductor Manufacturing Co., in line with the construction of a new chip plant in Taylor, Texas. Kyung visited Seoul National University on Tuesday to deliver a special lecture, titled “Dream & Happiness of Samsung Semiconductor: Sustainable Future," to promising talents. The lecture was preceded by those previous
Sept. 6, 2023
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[Photo News] LG-Magna alliance
LG Electronics CEO Cho Joo-wan (right) visits the exhibition booth of Canadian auto parts maker Magna at IAA Mobility, one of the world's largest automotive trade shows, in Munich on Tuesday. The Korean tech giant said the CEO discussed various ways to bolster its partnership in electric vehicle parts with Magna Powertrain President Diba Ilunga. "In alliance with Magna, we'll strengthen our position in the global electronics market and proactively address the future of mobility, i
Sept. 6, 2023
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[Herald Interview] Siemens ready to accelerate Korea's digitalization
Siemens Korea, the Korean unit of German industrial giant Siemens, has supported accelerating its domestic partners’ digital transformation a step further to create innovations for various industrial sectors here that are sustainable. With companies undergoing digital transformation globally and capitalizing on the opportunities, Korea, as a global manufacturing powerhouse, still needs to play catch-up, according to Siemens Korea’s vice president. “We have the world's best
Sept. 5, 2023
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[From the scene] Samsung shows off end-to-end automotive solutions at IAA 2023
MUNICH -- Samsung Electronics, the world’s No. 1 memory chip and smartphone maker, made its official debut at an international motor show, renewing its automotive ambitions as a “total solutions provider.” The South Korean tech giant set up its exhibition booth at IAA Mobility, one of the largest automotive trade shows, which kicked off Tuesday in Munich, Germany. In Hall B1 at the Messe Munchen exhibition center, Samsung’s booth was located next to those of its sister fi
Sept. 5, 2023
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Snowflake looks to unlock data cloud innovation with AI across Korea
US cloud software company Snowflake said Monday it will introduce a data cloud solution enhanced with artificial intelligence for customers in various industries here, in a bid to fortify its position in the Korean market. “Korea is an extraordinarily important and strategic market to Snowflake. It’s the 10th-largest economy in the world, but it's even more important in the world of manufacturing. Korea is also an incredibly fast-growing market … where we’re working
Sept. 4, 2023
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LG makes auto show debut in Munich
MUNICH -- Korean tech giant LG Electronics made its debut at a major global automotive trade show on Monday, delivering its ambition to expand its presence in the burgeoning mobility industry. In its first-ever press conference at IAA Mobility, one of the world's largest motor shows, held in Munich, LG CEO Cho Joo-wan defined the role of personal vehicles and underscored the growing presence of software in the mobility industry. “LG has spent close to 70 years directly selling to indi
Sept. 4, 2023
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LG Magna to set up EV parts plant in Hungary
MUNICH -- LG Magna e-Powertrain, a joint venture between LG Electronics and Magna, will build its first European production plant in Hungary, the company announced Monday at the IAA mobility trade show held this week in Munich. The 26,000-square-meter facility will be located within an industrial complex in Miskolc, a city in northeastern Hungary, adjacent to other Magna facilities and manufacturing clients in the region. With the construction set to be completed in 2025, the new plant will st
Sept. 4, 2023
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Samsung works on energy-saving chips for home appliances
BERLIN -- Samsung Electronics revealed it is developing a new neural processing unit chip for home appliances featuring artificial intelligence, to support them to run on ultra-low energy, at this year's IFA, held in Berlin. With the goal of making smarter home appliances, the tech giant will also adopt generative AI technology for Bixby, its voice assistant, the Korean tech giant said. "The AI home appliances we envision should be closely connected with each other, and make the best d
Sept. 4, 2023
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S. Korea-made space payload ready to join NASA's Artemis project
South Korea's homegrown lunar monitoring payload, which will carry out science experiments as part of the U.S. moon exploration Artemis program, is ready to join the unmanned space mission next year, the science ministry said Monday. The lunar space environment monitor, developed by the state-run Korea Astronomy and Space Science Institute, has been completed and will be headed to the headquarters of Intuitive Machines Inc. in Houston, Texas, according to the Ministry of Science and ICT. LU
Sept. 4, 2023
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NFT tech expands realm of future art
With the rapid advancement of artificial intelligence technology, the role of NFT technology goes beyond protecting the copyrights of digital art collectibles, and into expanding the realm of art, with diverse implications for the future art world. Throughout the NFT 2023 Seoul Conference, held at Coex in southern Seoul on Friday, the future roles of NFT technology were illuminated. Dedicated to the theme, “the Utilization and Role of NFT Art in the Future Art,” the second part of th
Sept. 4, 2023
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Experts explore NFT applications, STO market dynamics
The NFT 2023 Seoul Conference on Friday focused the connection between non-fungible tokens (NFTs) and Web3 infrastructure as well as the role of Security Token Offerings in fundraising. Patrick Yoon from cryptocurrency exchange company Crypto.com Korea opened the sessions by talking about the the growth trajectory Web3. He predicted a $50 trillion-$60 trillion Web3 valuation by 2030, with NFTs poised to claim 10 to 15 percent of the digital asset valuation by that time. "NFT creators have m
Sept. 4, 2023
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Conference highlights unlimited potential of NFT
The NFT 2023 Seoul Conference, held Friday at Coex in southern Seoul, explored the future of non-fungible tokens, discussing how the decentralized technology would innovate diverse fields from blockchain to finance and art in the near future. The one-day event was organized by The Korea Herald, the nation’s largest English daily, together with ArtToken, a Seoul-based digital art platform, and Soongsil University. “Even at this moment, the world is evolving at a fast pace,” Kore
Sept. 4, 2023
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Samsung will cement premium market leadership: TV chief
BERLIN -- While the global TV market struggles to move beyond the COVID-19 pandemic, Samsung Electronic said it will strengthen its leadership in making larger and more higher-end TVs, as the market for them shows a trend of continuous growth. "While the TV market has been stagnating for the past several years now, the market for larger and higher-end TVs continues to grow and Samsung is leading the market, outpacing its rivals by far," Chung Kang-il, executive vice president at Sams
Sept. 3, 2023
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LG Electronics aims to go global with smart home solutions
BERLIN -- LG Electronics expressed ambitions to go global with its smart home solutions, including its built-in kitchen package and energy-efficient prefabricated housing technology at this year's IFA in Berlin, one of the world's largest consumer appliance trade shows. "We will integrate all our innovative home appliance and energy technologies and other upgradable appliances to offer a smart home solution," Lyu Jae-cheol, head of the Home Appliance & Air Solution Compan
Sept. 3, 2023
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LG to widen gap with rivals with 'innovative ideas,' says TV chief
BERLIN -- LG Electronics will sharpen internal competence and come up with innovative ideas to widen the gap with Chinese rivals in addition to fostering technological prowess, the head of the tech giant's TV business said Saturday. "It is important to lead the market with new ideas (in the TV industry). You have to break away from the competition with panels, where anyone can make the same product as you when they have the display panel," Baek Sun-pil, head of TV products plann
Sept. 3, 2023
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Samsung lays out vision for smarter, sustainable living at IFA
Samsung Electronics Co. on Thursday shared its vision and technological developments for what it sees as the future way of living: fully connected homes and an eco-friendly lifestyle. The South Korean tech giant highlighted its latest products and innovations, built for sustainable and smart living, at a press conference, one day ahead of the official opening of the IFA tech trade show in Berlin. Samsung, which has participated in the tech show since 1991, did not offer any exclusive product lau
Aug. 31, 2023
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Samsung, LG to boast enhanced connectivity at IFA
At this year’s IFA, Europe’s biggest home appliances trade show, two of South Korea’s tech giants, Samsung Electronics and LG Electronics, are set to showcase their latest premium products that maximize energy efficiency As the IFA celebrates its 99th anniversary this year, about 2,290 companies in the fields of IT, consumer appliances and telecommunication will take part from 50 countries. The five-day event, which kicks off in Berlin on Friday, will see 174 Korean companies t
Aug. 31, 2023
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Corning starts producing bendable glass in Korea
US tech company Corning Inc. Chairman Wendell Weeks announced Thursday that the company is building the world’s first fully integrated supply chain to manufacture next-generation bendable glass technology in South Korea. Manufacturing of the latest product has already kicked off at its Asan plant in South Chungcheong Province. “Our latest innovation will enable new mobile device form factors and advanced automotive displays for more immersive driving experiences, making this a hub fo
Aug. 31, 2023
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[KH explains] Chipmakers reach out to undergraduates to tackle talent shortage
Chipmakers around the world are competing fiercely not just to roll out more advanced chips faster than their rivals, but also to secure more tech talent as governments race to build up their chip industry as national security assets. South Korea, home to the world’s top two memory chipmakers, Samsung Electronics and SK hynix, is no exception. Amid their big push for global expansion, the tech giants are struggling to meet staffing needs for their billion-dollar facilities at home and abro
Aug. 30, 2023
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KT appoints new CEO after monthslong leadership vacuum
South Korean telecommunications giant KT Corp. on Wednesday appointed a new chief following several months without a CEO. The company said its shareholders approved the appointment of Kim Young-shub, the former CEO of IT service provider LG CNS, as its new head at a shareholders meeting earlier in the day in Seoul. The agenda passed with the approval of more than 60 percent of the total voting shares. Upon his appointment at the meeting, KT’s new CEO told shareholders, “We’ll d
Aug. 30, 2023