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Most damage from heavy rain reported in Seoul
Seoul to choose new slogan by December
S. Korea forecasts severe cases to peak at some 900 in early September
S. Korea to supply 2.7 million new homes by 2027
Will battery subscriptions lower EV prices?
S. Korean retail investors rush to overseas ETFs under bear market signals
Full-fledged succession looms as Samsung’s Lee takes stride
Police mull more safety measures as stalking cases soar
S. Korea, US kick off preliminary military drills, hold high-level defense talks
Homes of ex-ministers, spy chief searched in civil servant death probe
Bill Gates calls for Korea’s greater role in fight against global health crisis
Festival Indonesia 2022 forges creative economy collaboration with Korea
[Herald Review] Billie Eilish’s dreamy voice blares through Seoul on Korean Liberation Day
Singapore highlights cultural, commercial ties with Korea at 57th National Day
Antitrust regulator to prioritize addressing damage to victims of unfair biz acts
[Herald Interview] ‘I draw what I see as pretty and cute’
[Newsmaker] Afghanistan marks 1 year since Taliban seizure as woes mount
Samsung unveils world’s largest gaming monitor
Yoon hints at reorganizing presidential office
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Full-fledged succession looms as Samsung’s Lee takes stride
Aug 16, 2022
Samsung is envisioning a change in governance structure as a presidential pardon has virtually normalized de facto leader Lee Jae-yong’s control over the nation’s largest conglomerate. Effective Monday, Vice Chairman Lee has been cleared of restrictions to be hired by the group’s affiliate, and to be promoted to Chairman. Lee has been holding the “Vice Chairman” title for a decade. All eyes are on how the family-owned conglomerate would manage to complete a famil
Samsung unveils world’s largest gaming monitor
Aug 16, 2022
Samsung Electronics announced Tuesday that it has launched the world’s largest curved gaming monitor -- at 55 inches -- that wraps around users’ field of view to bring their gaming experience to the next level. “A curved monitor gives users a fully immersive experience if viewed from the distance of 80 centimeters, as a flat monitor would cover less of a user‘s peripheral vision,” Chung Kang-il, vice president of visual display at Samsung Electronics, said at a pre
Galaxy Watch5 adopts most advanced sleep tracking: Samsung exec
Aug 15, 2022
Samsung Electronics executive vice president Yang Tae-jong said the IT giant’s newest smart wearable device -- Galaxy Watch5 series -- offers the world’s most advanced sleep-tracking technology in a press conference held Thursday in New York, a day after the Galaxy Unpacked August 2022 event. “Galaxy Watch5 is loaded with various technologies including an innovative bioactive sensor that can measure biometrics to help (users) stay healthy. Galaxy Watch5 will be the best partn
Pardon clears way for Lee to fill Samsung’s leadership void, spur investment
Aug 12, 2022
Corporation’s de-facto leader likely to rejoin boardroom; vows to ‘do utmost’ to revive economy
[Newsmaker] [From the Scene] Korea's 1st domestic COVID-19 vaccine ready
Aug 11, 2022
600,000 doses of SKYCovione to be released this month, but public's low trust in vaccine in general is hurdle
By 2025, half of Samsung’s premium phone shipment will be foldables
Aug 11, 2022
Samsung Electronics mobile head, Roh Tae-moon, said the South Korean tech giant looks to target wider audiences with its Galaxy foldable phones in a bid to address the sluggish growth of its premium smartphones and macroeconomic headwinds, in a press conference held Wednesday, in New York. As the clamshell-type Galaxy Z Flip and book-type Galaxy Z Fold evolve, the combined shipments of two models by the world’s largest foldable phone maker will outsize that of other Galaxy premium smartp
[Newsmaker] Samsung foldables to get chipset upgrade
Aug 10, 2022
Preorders of Z Flip 4, Z Fold 4 to start Tuesday with official launch set for Aug. 26
Korean researchers develop homegrown fluorine-based polyimide film
Aug 10, 2022
Material used for wrinkle-free foldable displays is one of 3 restricted export items by Japan
Samsung suffers heavier taxes, cost per hire than TSMC: think tank
Aug 10, 2022
The heavier burden of corporate taxes and cost per hire are weighing on South Korean chipmaking giants like Samsung Electronics, indicating the unfavorable conditions leave them behind competitors like Taiwan-based TSMC amid intensifying semiconductor competition worldwide, according to a local think tank Wednesday. Korea sets the maximum rate of the corporate tax at 25 percent -- imposed on taxable income of large business entities like Samsung -- as a result of a tax hike by 3 percentage poi
KCC to probe Apple, Google over in-app payment rules
Aug 9, 2022
The Korea Communications Commission will look into whether app market operators -- Apple, Google and One Store -- are in violation of a Korean law that bans forcing certain in-app payment methods among app developers, the regulatory agency said Tuesday. The fact-checking investigation will begin from Aug. 16, according to the KCC. App market operators that only allow certain payment options or refuse app registrations or updates of app developers that use external links for in-app purchases co
Korean battery makers keep close tabs on US Inflation Reduction Act
Aug 9, 2022
South Korean lithium-ion battery cell makers are expected to be beneficiaries once the Inflation Reduction Act comes into force in the United States, as the bill is likely to induce US electric vehicle makers to cut their reliance on Chinese battery components. But at the same time, Korean battery makers are now pressured to preemptively diversify their import sources of key materials out of China, as the new US bill is apparently aimed at countering China’s influence on the EV supply cha
Korea to draft frequency plan to support EVs, UAM
Aug 9, 2022
The South Korean government will draw up a frequency spectrum plan by the end of this year in efforts to support the growth of new industries such as electric vehicles, robots and urban air mobility, the Ministry of Science and ICT said Tuesday. “We hope that the government’s preemptive supply of frequency and policy improvements will serve as a foundation for Korea to lead the global market in various new industries, including wireless charging of EVs in times of digital transform
[Herald Interview] Due diligence on partners crucial for Korean biotech out-license deals
Aug 9, 2022
Korean biotechnology firms hoping to ink successful deals with foreign pharmaceutical companies must fully comprehend their potential partners’ A to Z’s, a legal expert in out-license deals said. “(Global big pharmas) want something that’s going to be successful and hopefully innovative, and both help patients and provide care, but also be valuable and create profit for the company,” Joshua Hofheimer, a partner and co-head of Global Life Sciences industry group at
Seoul weighs ‘Chip 4’ alliance as ties with China hang in balance
Aug 8, 2022
South Korea is poised to join a working-level meeting of government officials involving major chipmaking nations along with the United States, Taiwan and Japan, amid mounting concerns over China’s retaliation. Seoul has had to tread carefully around Beijing, as memory chip giants such as Samsung Electronics and SK hynix fear that its chipmaking base in China might be affected by Seoul‘s decision to join the so-called “Chip 4” alliance. President Yook Suk-yeol told repo
Coupang launches loan service
Aug 8, 2022
South Korean e-commerce giant Coupang is starting a service offering loans to small businesses on its online platform while enabling its customers to pay for purchases in installments, a filing with the Financial Supervisory Service showed Monday. Coupang Financial, a subsidiary created in January of this year, will lead the new business the top financial watchdog approved Friday. Some analysts consider the expansion part of Coupang’s efforts to offset losses, which have grown over t
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