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CIO chief denies targeting journalists in phone spying scandal
[Hashtag Korea] [Land of Squid Game] We’re gganbu!
Cho Kuk documentary ‘The Red Herring’ raises over W2b
Local broadcasters MBC, JTBC continue forays into NFTs
Wealth gap between richest and poorest in 20s and 30s widens
Deduction range for gift tax may expand from W50m
Audi, Volvo vie for No. 3 importer in Korea
[H.Eco Forum] Protecting tidal flats important in fighting climate change, expert says
Democratic Party cornered by yet another sex scandal
Education Ministry to run 50-day inspection on school safety
Quirks of Korean dating explained (1) Love confessions, a rite of passage for all couples
[Newsmaker] Creator of Korean-made cryptos under siege after $37b wiped out
Meet SKT’s new mobile virtual assistant A.
Kim reprimands officials for slow medical delivery
Corporate Korea bracing for Biden’s state visit
Women empowerment, net-zero: Hana Financial bolsters ESG efforts
Yoon calls for bipartisanship in economy, security
BTS extends winning streak with three Billboard Music Awards
[Feature] Going solo: Korean body scrubs adapt to pandemic
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[Photo News] OLED that folds 360 degrees
Technology
May 10, 2022
This photo unveiled Tuesday shows an 8-inch, 360-degree folding organic light-emitting diode screen for mobile devices by South Korean panel maker LG Display. It was showcased during Display Week 2022 hosted by the Society for Information Display from Sunday to Friday in San Jose, California. According to LG Display, the screen can be folded over 200,000 times without affecting its performance.
With conservative leader taking office, big 4 chaebol groups ready to spend big
Industry
May 10, 2022
Honeymoon period in full bloom to fuel momentum to new president’s tech push
Samsung retakes No.1 in Indian market with S22 Ultra in March
Technology
May 10, 2022
Samsung Electronics has reclaimed the No.1 spot by monthly sales in India, buoyed by the return of its Galaxy Note successor Galaxy S22 Ultra, a phablet with built-in stylus S Pen support, data showed Tuesday. Samsung emerged as the leader in overall smartphone sales and shipments for the first time in six months in the world’s second-largest smartphone market, showed data by market intelligence...
Geely’s stake buying in Renault Korea seen as official Korean market entry
Transport
May 10, 2022
Chinese carmaker secures production footholds in Gunsan, Busan for hybrids, EVs, but entry to local consumer market remains uncertain, experts say
Samsung upgrades CXL-based memory expander built for future computing
Technology
May 10, 2022
The launch is a preemptive step before the next-generational server platform comes into being. According to the world’s No. 1 memory chip maker, the sampling for the 512-gigabyte CXL-based DRAM chips will begin with customers and partners for joint evaluation and testing in the third quarter. Samsung‘s partners for the CXL initiative include Lenovo and Montage. This is a step up for the company’...
Researchers visualize floral scent in real time for first time
Technology
May 10, 2022
Researchers at the Korea Advanced Institute of Science and Technology said they succeeded in real-time visualization and measurement of floral scent emission for the first time in the world. Using optical interferometry, research teams led by mechanical engineering professor Kim Hyoung-soo and biological sciences professor Kim Sang-gyu measured the frequency with which lily flowers emit scents. ...
SK E&S to chip in $110m in US carbon capture project
Industry
May 10, 2022
SK E&S Co., an energy unit of South Korean conglomerate SK Group, said Tuesday it is investing $110 million in a US carbon capture and storage (CCS) project as it ramps up its push for its renewable energy business. The project, joined by other American energy firms, aims to capture and store up to 12 million tons of carbon dioxide a year from 32 corn ethanol plants in five Midwest states in the...
Samsung C&T partners with NuScale to enter global SMR market
Industry
May 10, 2022
Samsung C&T Corp., the construction unit of Samsung Group, has partnered with NuScale, the leading small modular reactor (SMR) technology provider, to expand its SMR business into the global market. Samsung C&T CEO Oh Se-chul and NuScale CEO John Hopkins gathered at the headquarters of NuScale Power in the US state of Oregon on Monday to form a comprehensive partnership for joint global SMR mark...
Umicore sets up rechargeable battery research lab in S. Korea
Industry
May 10, 2022
Belgium-based Umicore N.V. has completed its research laboratory for rechargeable battery materials in central South Korea that could help promote the local industry, the industry ministry said Tuesday. Umicore's central technology center is based in Cheonan, about 90 kilometers south of Seoul, and serves as the company's Asian hub for research and development of key materials for next-generatio...
Geely invests in Renault's Korean unit for new car development
Industry
May 10, 2022
Renault Korea Motors said Tuesday an affiliate of China's Geely Holding Group will invest in the company as part of their parent firms' agreement signed early this year to develop an environment friendly vehicle. Geely Automobile Holdings, China's largest privately-owned automotive group, will acquire a 34.02 percent stake in Renault Korea, the South Korean unit of Renault Group said in a statem...
Nearly half of S. Korea's public firms lose money in 2021
Industry
May 10, 2022
Nearly half of public institutions in South Korea lost money in 2021 amid the coronavirus pandemic with the state-run power monopoly logging the biggest loss on soaring oil prices, data showed Tuesday. A total of 170 public companies and institutions, or 47 percent of 363 that disclosed their 2021 results, were in the red last year, according to the data posted on the state portal All Public Inf...
Daewoo E&C eyes bigger presence in US
Industry
May 9, 2022
Daewoo Engineering & Construction has teamed up with its parent company Jungheung Group to accelerate its business expansion in the all-important US market. According to Daewoo E&C on Monday, Jungheung Group Vice Chairman Jung Won-ju and its business delegation signed a memorandum of understanding with the city of Carrollton, Texas last Thursday to carry out development projects in the US city. ...
[Photo News] Diesel price spike
Industry
May 9, 2022
A board shows diesel retail price surpassing gasoline price at a gas station in Daejeon on Monday amid growing concerns over rising diesel prices due to an inventory shortage and a lower tax cut than for gasoline.
One Store out to challenge Google, Apple app store monopolies with IPO
Technology
May 9, 2022
South Korea’s homegrown app marketplace One Store aims to challenge Google and Apple, two US tech giants that enjoy a near-monopoly in the whopping 300 trillion won ($235 billion) app store market globally, with its forthcoming stock market debut here. One Store, the nation’s sole operator of an app store of the same name, is a merged entity of the nation’s four app stores that was previously op...
Hyundai Motor to build LNG plant for power supply, emissions goals
Transport
May 9, 2022
Hyundai Motor Group will construct a liquefied natural gas (LNG) cogeneration facility inside its automotive manufacturing plant in Ulsan to secure a stable power supply while reducing energy consumption and greenhouse gas emissions. According to the carmaker on Monday, it plans to digest over 70 percent of annual electricity used at the country’s largest automotive plant through the new LNG pow...
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N. Korea reports 15 new deaths amid COVID-19 outbreak
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S. Korea's new COVID-19 cases under 30,000 for 2nd day amid eased virus curbs
Ex-Navy SEAL and YouTuber Rhee Keun injured in Ukraine
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Air carriers resuming outbound routes ahead of holiday season
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[Newsmaker] Seoul to soon propose talks with Pyongyang on COVID-19
Fierce two-way race for June 1 elections
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