Samsung Electronics’ smart home platform SmartThings has hit the 10 million mark in connecting devices and home appliances around the world as of Sept. 12, the South Korean tech giant said Wednesday. Launched in 2018, the app aims to connect small and larger appliances from refrigerators and washing machines to air purifier and dishwashers via smartphones. More recently, Samsung is increasingly ...

SEJONG -- South Korea’s policymakers on Wednesday unveiled their goal of taking up 12 percent of the global auto market and expanding the country's capacity in manufacturing electric vehicles with 3.3 million units a year, expressing its confidence in tackling concerns over US' inflation reduction bill. Setting a target of becoming the world's third-largest automaker, the government will “resolv...

Science Ministry unveils W1.32tr plan on AI technology; aims to double data market size to W50tr

With fast-growing interest in eco-friendly lifestyles, South Korean food companies are expanding plant-based menu items and restaurants to cater to the growing global vegan population of some 180 million. Nongshim, the country’s leading instant noodle maker, said Thursday it has launched eight kinds of plant-based "cup rice" (rice bowl with toppings), and porridge, in partnership with vegan rest...

Posco Group said Wednesday its two affiliates – Posco Holdings and Posco E&C – have signed a memorandum of understanding with the nation’s largest hydrogen production and sales company Approtium in a fresh push for hydrogen business. Under the agreement, the three companies will invest a combined 200 billion won ($139 million) by 2026 into establishing facilities for hydrogen production. The ann...

From the social issue standpoint, LG either donated or invested a combined 150.9 billion won ($104.8 million) to local communities in 2021, up over 60 percent from 2020. Also, LG's eight affiliates have jointly mobilized a total of 980.1 billion won by 2021 to run a loan program for its suppliers. The report also showed that 30.6 percent of independent directors across LG Group are female, in a ...

Samsung Biologics has scored a “Gold Sustainability Rating” from global business evaluator EcoVadis for its sustainability efforts, the South Korean contract development and manufacturing organization company said Wednesday. According to Samsung Biologics, the CDMO giant received a score of 71 out of 100, up 14 points from the silver rating it earned last year. The company was among the top 5 p...

More servers require faster semiconductor speeds in high performance computing technologies, to meet the growing demand for big data analytics and autonomous mobility. But a disparity in transfer speed between processors and memory chips have long been an obstacle for further computing system performance improvement, often creating a network bottleneck within a chipset. This is why memory chip ...

South Korean telecommunications giant KT is looking to expand the content provided on its streaming service Olleh TV through a partnership with US cable channel operator AMC Networks. KT said Wednesday it had signed a partnership with AMC Network’s content production arm AMC Studios on Tuesday to launch the producer’s original series on its platform and to participate in joint productions. With...

Samsung Group's insurance affiliates said Wednesday they have signed a deal with US asset management behemoth Blackstone Inc. to invest some $650 million in alternative assets, such as real estate and infrastructure facilities. The two -- Samsung Life Insurance Co. and Samsung Fire & Marine Insurance Co. -- will chip in the amount in the alternative fund managed by Blackstone. In recent years, ...

The EV-only powertrain on Hyundai Motor Co.'s all-electric IONIQ 5 was named one of the Wards 10 Best Engines & Propulsion systems, the company said Wednesday. The IONIQ 5 was selected for its performance, charging capability, range and price, Hyundai Motor said in a statement. The South Korean carmaker has won 15 Wards 10 Best Engines & Propulsion systems recognitions since the annual awards w...

UX writing essential for corporate digital strategies, NFTs for building community

SUWON, Gyeonggi Province -- The memory chip upcycle has already peaked this year, while the downcycle is projected to continue until 2025 in a worst-case scenario, an executive from the US-based market intelligence IDC said Tuesday. Kim Soo-kyoum, associate vice president of semiconductor at IDC, cited a sharp decline in consumer demand and the projected price drop over the course of three years...

GS Engineering and Construction has partnered up with German chemical giant BASF to jointly modularize a carbon capture solution, which would work as the framework for their future projects, the South Korean firm said Tuesday. The latest deal would focus on co-developing and translating BASF’s OASE blue technology -- an optimized large-scale post-combustion capture technology -- into a modular c...

"As lifestyle trends change, the interior design of a car changes as well. For example, in the past when smoking in the car was prevalent, cars used to have ashtrays. But now, these ashtrays are gone and instead there are USB ports,” Bak pointed out. After graduating with a master’s degree in industrial design from the Korea Advanced Institute of Science and Technology, Bak has worked as a UX de...