Most Popular
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Russia sent more than 165,000 barrels of refined petroleum to N. Korea in March: White House
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Key suspects grilled over alleged abuse of power in Marine death inquiry
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[Graphic News] Number of coffee franchises in S. Korea rises 13%
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S. Korean children, teens grow taller, mature faster than before: study
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Some junior doctors are returning: Health Ministry
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Army takes group action against Hybe for neglecting BTS
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[Robert J. Fouser] AI changes rationale for learning languages
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Woman dangling from power lines rescued by residents holding blanket
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Naver Q1 net income soars 1,171.9% on growth of major businesses
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Marine Corps commander summoned by CIO for questioning on alleged influence-peddling case
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[KH Explains] SK hynix, Samsung compete head-on for HBM leadership
Competition is heating up between Samsung Electronics and SK hynix to take the lead in the next-generation High Bandwidth Memory chip market, which holds great potential for growth with the rise of artificial intelligence and high-performance computing. Even though the market is still in its nascent stage, the world’s top two memory chip makers have already started a war of nerves, each claiming they take the majority of the market share. High Bandwidth Memory or HBM is a new type of DRAM
July 17, 2023
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[Herald Interview] UK firm lures Korean trendsetters with 'transparent phones'
UK smartphone maker Nothing Technology Limited made its Korean debut last week with its second-generation flagship device, Phone 2. In a market dominated by two big names -- Samsung and Apple, the three-year-old company says it is targeting a niche but lively audience here. “We wanted to have a design identity that’s really strong and authentic to Nothing and something that could be recognized two meters away without looking at the (brand) logo because all smartphones look more the s
July 16, 2023
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Hunetplus develops deposition mask for OLED displays
Hunetplus, a next-generation semiconductor and display materials company, said Thursday that it has successfully developed a deposition mask for OLED display panel fabrication using organic and inorganic hybrid materials. Conventional deposition masks used in OLED displays, also known as fine metal masks, are metallic plates that deposit light-emitting organic materials to an accurate location on a substrate during the OLED display manufacturing process. By doing so, they ensure the precise depo
July 13, 2023
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LG Electronics sets sights on W100tr in sales by 2030
LG Electronics announced Wednesday its vision to transform into a "smart life solutions company" to expand customer experience, to take a leap from its core identity as a top home appliance brand. The tech giant also set the goal to achieve a global annual revenue of 100 trillion won ($77.5 billion) by 2030, and vowed to invest 50 trillion won to drive the growth. "LG will continue to pursue its bold vision to transform and leap forward as a smart life solutions company that con
July 12, 2023
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Hanwha Ocean succeeds in localizing key devices of sub sonar
South Korean shipbuilder Hanwha Ocean Co. said Wednesday it has succeeded in developing three key devices of a submarine sonar system. They include a sonic depth finder, a sonar beacon and an underwater environment measuring apparatus, which could help boost the operational capability and viability of a submarine, Hanwha Ocean, formerly Daewoo Shipbuilding & Marine Engineering Co., said. A sonic depth finder, or fathometer, uses sound waves to determine the depth of water, and a sonar beacon
July 12, 2023
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[From the Scene] KT to boost mining safety with digital solutions
YEONGWOL, Gangwon Province -- In a push toward digital transformation, South Korean telecommunications giant KT Corp. has launched communication-based digital solutions to help improve worker safety in mines. Jointly developed with Almonty Korea Tungsten Corp., the Korean office of a Canadian mining firm, the LTE-based communication infrastructure has been deployed at Sangdong Mine, in Yeongwol-gun, Gangwon Province. The KT-Almonty "mine safety DX" solution is composed of smart devices
July 11, 2023
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[Herald Interview] Why Korea is a crucial partner for Qualcomm
US chip giant Qualcomm Technologies has made an active push to drive innovation in next-generation growth engine industries in South Korea, with big name companies such as Samsung, LG and Hyundai. It looks to continue the journey through closer partnerships with key industry players here, according to a Qualcomm executive. “Building on more than 30 years of our close collaborations, Qualcomm is committed to driving continued innovation in Korea. We are excited to continue our journey with
July 11, 2023
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SK hynix becomes sole Dram supplier for Apple's Vision Pro headset
SK hynix, the world’s second-largest memory chipmaker, has been named the sole chip supplier for Apple’s Vision Pro virtual reality headset, according to industry sources Tuesday. Even though the chipmaker declined to confirm the deal, sources said the company will provide a dynamic random access memory, or DRAM, customized for the brand-new Apple gear. “We cannot provide comments related to our clients,” an SK hynix official said. The special type of DRAM chip is reporte
July 11, 2023
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SFTS case in Jeju suggest stray cats can spread deadly disease
A woman contracted Severe Fever with Thrombocytopenia Syndrome, a tick-borne disease, after coming into contact with a stray cat in Seogipo-si, Jeju, health authorities said on Monday. SFTS is an infectious disease that emerged from China with a mortality rate of up to 17 percent in Korea. The condition has no cure or vaccine as of now. The first local case was reported in 2013, and a total of 608 people have been infected with the disease in the last three years. Common symptoms include fever,
July 11, 2023
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Samsung Electronics to rebound in Q3: analysts
Samsung Electronics, which was predicted to post its worst quarterly earnings in 14 years in the second quarter, will likely hasten its earnings recovery from the third quarter, led by chip production cuts and the early launch of its new foldable smartphone series, analysts said. On Friday’s earnings guidance for the April-June period released by Samsung, it said its operating profit in the period is expected to be 600 billion won ($462 million), down 95.7 percent from a year earlier. As f
July 9, 2023
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Samsung Electronics predicts Q2 profit to plunge 96%, hitting 14-year low
Samsung Electronics has predicted an operating profit of 600 billion won ($458.5 million) for the April-June period, a 96 percent plunge to what would be the lowest quarterly earnings in 14 years, amid a severe global downturn in the chip industry. Releasing its earnings guidance on Friday for the second quarter this year, the tech giant said its consolidated sales is expected to be approximately 60 trillion won, down 22.3 percent on-year. As for the operating profit, the estimate is the worst s
July 7, 2023
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LG Electronics estimates highest Q2 revenue of W19.9tr
LG Electronics reported Friday it expects its second-quarter revenue to increase 2.7 percent to 19.9 trillion won ($15.2 billion) year-on-year, the highest figure for the April-June period in the company’s history. Its operating profit is expected to jump 12.7 percent on-year to 892.7 billion won, which would be the second highest Q2 record for the firm. Releasing its preliminary earnings results for the April-June period, LG attributed its record earnings to its efforts to improve the fun
July 7, 2023
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LG sets up R&D unit for TV business in Indonesia
LG Electronics said Thursday its home entertainment business division had set up its first research and development unit in Indonesia, completing a comprehensive business operation from product development to manufacturing and sales. The new facility spanning 40,000 square meters is located 3.5 kilometers from LG’s TV production plant in the Cibitung area,and some 40 kilometers from Jakarta where the tech giant operates a sales unit. LG said the new R&D unit will help not just improve
July 6, 2023
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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
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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
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[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
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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
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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
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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
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[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