South Korea’s largest wireless carrier, SK Telecom, and US aviation company Joby Aviation said Thursday they advanced a strategic partnership for a boost in the commercialization of Korean-style urban air mobility, or UAM. Joby Aviation recently invited officials from the Ministry of Land, Infrastructure and Transport, the Korea Institute of Aviation Safety Technology, and the Korea Aerospace Re...

LG Electronics revealed on Thursday that its OLED evo received the highest honor, the VGP Gold award, in the 50-to-60-inch and under-45-inch OLED TV categories at the Visual Grand Prix 2023. The product also received the Critics Award in the visual category. The VGP is an annual audio-visual (AV) awards event held by Japanese AV media outlet Ongen Publishing. Devices are judged by experts and el...

CEO unveils plans for further production expansion; dismisses oversupply concerns, citing aging population, healthcare demand

By Shim Woo-hyun Korea Herald correspondent SAN FRANCISCO -- Lotte Biologics will invest around $3 billion by 2030 to build new CDMO plants in South Korea, Lotte Biologics CEO Richard Lee announced during the company’s presentation at the 41st JPMorgan Healthcare Conference held in San Francisco, Tuesday. The investment will go toward building three plants, with a combined manufacturing capaci...

US chief pins high hopes on new allergy treatment as Korean drug giant’s next blockbuster drug

Hyundai Motor Group said Wednesday that the automaker has received 11 accolades from the 2022 Good Design Awards in the US. The South Korean auto giant took home three awards in robotics design with future mobility concepts that combine in-wheel motors, steering, suspension, braking system and environmental sensors into one structure.

Samsung Electronics on Wednesday sent out invites to its annual unpacking event for its new flagship Galaxy devices that will take place in San Francisco at 10 a.m. on Feb. 1. Entitled “Galaxy Unpacked 2023: Share the Epic,” the event will be held in person for the first time in three years since the pandemic. It will also be livestreamed from Seoul through Samsung’s newsroom and homepage, as we...

Korea Herald correspondent SAN FRANCISCO -- The 41st Annual JPMorgan Healthcare Conference kicked off on Monday in San Francisco. This year, three South Korean companies will give presentations, while many others will hold meetings to attract new partners and investors. Around 550 presenting companies have descended on the Californian city, in addition to thousands of investors and biotechnolog...

LG Chem said Tuesday it has supplied metal-replaceable plastic to Mitsubishi for the Japanese carmaker’s three SUV models – the Outlander, Delica D:5 (pictured) and RVR. Using the lighter material, the company said, the plastic fender is about 4 kilograms lighter than the previous metal alternative of the same size, improving the fuel efficiency of the vehicles.

Teaming up with humanoid robotics company, Samsung could speed up product launches

Chairman Chey Tae-won makes surprise appearance to liven up mood

S. Korean massage chair maker draws praise from visitors at CES 2023

LG Electronics said Friday it expected its 2022 fourth-quarter operating earnings tumbled more than 91 percent from a year prior, amid its home appliance unit’s sluggish performance coupled with global recession woes. LG estimated operating profit for the October-December period came in at 65.5 billion won ($51.6 million), down 91.2 percent from the same period a year before, according to the co...

Korean internet portal giant Naver announced Friday that the company has completed its acquisition of Poshmark, a US social commerce marketplace for fashion, a move to penetrate into the global consumer-to-consumer market. Naver's special purpose company Proton Parent acquired all shares and its assets of Poshmark for $1.31 billion. Its enterprise value stands at about $1.2 billion. With the tr...

Samsung Electronics predicted Friday that its 2022 fourth-quarter operating profit would plummet 69 percent from a year earlier, as its main semiconductors business faced major headwinds from weakening demand for chips and home appliances amid recession woes. In its earnings guidance, the South Korean tech giant estimated its October-December operating profit to be 4.3 trillion won ($3.4 billion...