Most Popular
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Do Korean doctors make too much money?
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Korean industries gauge impact of Biden's steep tariffs on China
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Court refuses injunction on medical school expansion
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Why Korean crime stories typically feature nameless, faceless perpetrators
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Is FTC's conglomerate listing a boon or bane for Hybe?
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NewJeans to headline palace show
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Coupang's Kim Bom escapes chaebol chief designation again
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Debate on 'no-seniors zones' heats up
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S. Korea, Cambodia forge strategic partnership
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Rare mid-May heavy snow warning issued over mountainous areas of Gangwon
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South Korea’s ICT exports down 15% in April
South Korea’s outbound shipments of information and communications technology products in April reached $12.88 billion, down 15 percent on-year, according to latest government data Thursday. The Ministry of Science and ICT noted that the import value of ICT products in April was $8.87 billion, resulting in a trade surplus of $4 billion. The daily average exports in the same month came down by 7.6 percent on-year at $0.59 billion, compared to $0.63 billion in April last year. Exports o
May 14, 2020
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Samsung Galaxy A51 bestselling Android smartphone in Q1: report
Samsung Electronics Co.'s mid-range smartphone, the Galaxy A51, was the world's bestselling Android smartphone model in the first quarter of the year, a report showed Thursday. The Galaxy A51, which was unveiled in December, shipped 6 million units globally, accounting for 2.3 percent of all smartphones shipped in the January-March period, according to market tracker Strategy Analytics. The Redmi 8, made by China's Xiaomi Corp., was the second bestselling Android smartphone with a 1.9 perce
May 14, 2020
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Leaders of Samsung, Hyundai meet on EV battery tech
The de facto leaders of Samsung Electronics and Hyundai Motor Group held a business meeting Wednesday to discuss cooperation on battery technology for electric vehicles. Samsung Electronics Vice Chairman Lee Jae-yong and Hyundai Motor Senior Vice Chairman Chung Euisun met at an EV battery plant operated by Samsung SDI, in Cheonan, South Chungcheong Province. According to industry sources, it was Chung’s first visit to the battery affiliate’s facility. The Hyundai M
May 13, 2020
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Samsung, Hyundai Motor heirs discuss EV biz cooperation
The heirs apparent of South Korea's top two family-run conglomerates had a rare meeting Wednesday to discuss possible cooperation in the electric vehicle (EV) business. Samsung Group Vice Chairman Lee Jae-yong exchanged views on Samsung's development of new all-solid-state battery technology and its future with Hyundai Motor Group Executive Vice Chairman Chung Eui-sun, group officials said. The meeting took place at Samsung SDI Co.'s plant in Cheonan, about 90 kilometers south of Seoul. Samsu
May 13, 2020
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[Gadget Review] LG Velvet perfect ‘midrange’ phone for photography, binge-watching
At first sight, the 899,800 won ($740) LG Velvet looks like it could be out of Samsung’s premium Galaxy S lineup of phones, especially with its water drop shape notch for selfie camera and the 3D Arc Design on the display. While some might say the price tag is too high for a midrange phone, the LG Velvet is the tech firm’s flagship phone, pledging to provide greater affordability than Samsung and Apple’s premium phones with comparable entertainment features. What real
May 12, 2020
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SK hynix taps into AI to improve manufacturing processes
SK hynix, the world’s second-largest memory provider, said Tuesday that the company will start using artificial intelligence-based solutions to improve its manufacturing process for memory chips. Under a memorandum of understanding with the Korea Advanced Institute of Technology, SK hynix will provide KAIST with data collected during the chip manufacturing process in its clean rooms in real time through a cloud system. KAIST will analyze the data using AI-based models and come up with
May 12, 2020
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[Monitor] Tesla becomes 3rd most popular imported brand in Korea
US electric carmaker Tesla Motors sold 4,070 vehicles in South Korea in the first three months this year, becoming the third most sold imported auto brand here, data by the Trade Ministry and the Korea Automobile Manufacturers Association showed. Tesla’s sales jumped to 2,499 units in March from 1,433 in February and 138 in January, boosted by the sales of the Model 3, data showed. Tesla, who is not a member of the Korea Automobile Importers and Distributors Association, reports its sa
May 12, 2020
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Korea’s environment-monitoring satellite sends first images
The Ministry of Science and ICT on Monday revealed photographs and videos sent from the nation’s environment-monitoring satellite Chollian 2B. Chollian 2B is South Korea’s geostationary satellite. Launched on Feb. 19, it reached its designated orbit in March and currently sits in an orbital band above the Korean Peninsula. The latest images and videos sent from the satellite showed land and water in the Northeast Asian region, taken during camera tests between April 21 and 22. &
May 11, 2020
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Korea needs to boost support for edutech industry: report
The Korea International Trade Association on Sunday released a report on the growing international education technology market, encouraging the government to help local firms enter overseas markets. The education technology market is an area that offers new educational products and systems -- such as virtual classroom solutions -- by utilizing cutting-edge internet of things technologies to enhance the classroom experience. The international smart education market is expected to grow from $
May 10, 2020
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LG Uplus’ operating profit jumps 11.5% in Q1
LG Uplus, the third-largest mobile carrier in South Korea, said Friday it has clocked a 11.5 percent on-year growth in operating profit in the first quarter, despite adverse market conditions due to the COVID-19 outbreak. The telecom affiliate of LG Group posted 3.28 trillion won ($2.69 billion) in revenue and 219.8 billion won operating profit during the January-March period, up 11.9 percent and 11.5 percent, respectively, compared to the same period last year. Its net profit stood at 148.8
May 8, 2020
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Oracle to open new cloud infrastructure in South Korea
Oracle Korea on Thursday announced its second cloud infrastructure will launch by the end of May in Chuncheon, Gangwon Province. With access to two cloud infrastructures here, the company will be able to better handle demanding workloads from customers. The company said its dual-region strategy would enhance disaster recovery capabilities. It considers South Korea as a market with great potential, explained Oracle Korea CEO Tom Song during a press conference held on Thursday at its headquart
May 7, 2020
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Kakao struts through Q1 with record sales, margin
Korean internet giant Kakao posted record high sales and operating profit for the first quarter this year, despite the novel coronavirus pandemic fallout that has affected most industries. According to Kakao’s announcement on Thursday, Kakao‘s sales in the first quarter increased by 22.9 percent on-year to reach 868.4 billion won ($708.4 million). The company‘s operating profit during the same period marked 88.2 billion won, up by 218.9 percent. Kakao‘s record-br
May 7, 2020
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K-Safety Expo 2020 to highlight K-quarantine prevention
K-Safety Expo 2020 opens this fall and will focus on local businesses’ efforts to prevent COVID-19, often dubbed K-quarantine. The three-day exhibition, which runs Sept. 23-25 at the Korea International Exhibition Center in Goyang, Gyeonggi Province, is co-organized by the Ministry of the Interior and Safety, the Ministry of Trade, Industry and Energy and the Gyeonggi provincial government. This year’s expo will feature a wide range of programs and exhibitions emphasizing the late
May 7, 2020
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LG files over 1,000 patents for steam tech
LG Electronics said Wednesday it has filed over 1,000 patents related to its proprietary steam technology. The South Korean tech giant has been highlighting the role of steam in home appliances ranging from clothes care systems, dryers and dish washers to ovens, amid the growing interest in health and hygiene in the wake of the coronavirus spread. Trademarked as TrueSteam, the LG steam technology was first applied to a washing machine in 2005, which helped enhance the washing quality by remo
May 6, 2020
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[Monitor] DRAM prices surge in April upon ‘untact’ boom
With increase in server demand following the normalization of Chinese PC makers and wider non-face-to-face activities since the COVID-19 outbreak, DRAM contract prices surged in April, according to market researcher DRAMeXchange. The average contract prices of DDR4 8-gigabit DRAM, used for personal computers, came to $3.29 as of the end of April. It was up 11.9 percent from $2.94 in March. It is the first double-digit monthly rise for DRAM prices since April 2017. The price of NAND flash, wh
May 6, 2020
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Van der Waals Materials Research Center pioneering future of new materials
Yonsei University’s Van der Waals Materials Research Center is leading the search for next-generation 2-D materials that could revolutionize the field of semiconductors. Led by professor Im Seong-il, the Van der Waals Materials Research Center has been at the frontier of research to overcome the limitations presented by current materials. According to Yonsei University, the center’s research is focused on developing new materials whose industrial potential that goes beyond even
May 6, 2020
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Coronavirus-inspired changes to arrive in S. Korean health care
South Korea is introducing new health care services to brace for the lasting impact of the novel coronavirus outbreak, intent to prevent a system collapse should a second wave of infections occur. The Ministry of Health and Welfare said in a press briefing Monday that remote medical care and respiratory-only health facilities would be set up to cope with possible rise in demand in the fall and winter, when respiratory illnesses are common. “By isolating patients with respiratory symptom
May 4, 2020
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South Korean telecom firms expand AI-based senior care services
South Korean telecom firms have expanded their ICT-based senior care services recently, against the backdrop of increasing demand from an aging population. The services mainly use artificial intelligence-powered speakers, as well as the new 5G network and virtual reality programs. As of end-2018, there were 7.6 million people aged 65 years and over in Korea, according to the National Health Insurance Service in 2019. “There is an increasing number of seniors who need home care services
May 4, 2020
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Samsung makes largest R&D investment in Q1
Despite uncertainties in the global business environment triggered by the coronavirus pandemic, South Korea’s biggest tech giant Samsung Electronics said Monday it made the largest-ever investment in research and development in the first quarter. The South Korean tech giant spent a total of 5.36 trillion won ($4.37 billion) on R&D activities in the January-March period, surpassing its previous record of 5.32 trillion won in the fourth quarter of 2018, its financial data reported to
May 4, 2020
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[Herald Interview] ‘Making vaccines accessible is biggest COVID-19 challenge’
The International Vaccine Institute said participation in international efforts is critical to improving the chances of not only developing a vaccine for COVID-19, the respiratory disease caused by the novel coronavirus, but achieving its equitable distribution. “There are billions of people in this world who could potentially need a COVID-19 vaccine. If we were to vaccinate all of them, we may need as many as over 10 billion doses,” the institute’s director general, Dr. Jero
May 3, 2020