Most Popular
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Iran’s president found dead at helicopter crash site
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Seoul rolls out W250b package in bid to lure foreign talent
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Yoon vetoes bill for special probe into young Marine's death
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N. Korea slams US subcritical nuclear test, vows measures to bolster nuclear deterrence
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Korea's increasing US investment mutually beneficial: report
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SNU alums nabbed for digital sex crimes
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South Korea bans viral North Korea propaganda video praising Kim
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Minister warns against trusting NK stated intentions, says Moon misguided
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AI Seoul Summit to discuss ways to make AI equitable in Global South
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Hermes celebrates craftsmanship
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LG Chem procures cathode materials from Europe’s top supplier
Korea’s leading battery maker LG Chem said Tuesday the company has secured cathode materials for electric vehicles from Europe’s top supplier Umicore with a plan to ramp up its battery production in the region next year. The company signed a contract with the Belgium-based material supplier to procure 125,000 tons of cathode materials -- one of the four key materials for lithium-ion batteries -- starting next year. The amount of purchased materials is equivalent to manufacturin
Sept. 24, 2019
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LG chief highlights speed in preparing for the future
LG Group Chairman and CEO Koo Kwang-mo on Tuesday presided over a meeting of executives of group affiliates for the first time, during which he ordered the top brass to be swifter in preparing for the future. At the annual workshop held for the CEOs of LG affiliates, Koo emphasized that the current crisis facing businesses is different from previous crises, so it is imperative that the group move faster in seeking changes. “The current L-shape economic downturn is new to us, and we h
Sept. 24, 2019
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Samsung SDI to supply EV battery cells for Germany’s Akasol
Samsung SDI said Tuesday it has been picked by German firm Akasol to supply battery cells and modules for commercial vehicles’ power systems. The South Korean battery maker signed an agreement with Akasol, the leading manufacturer of high-performance lithium-ion battery systems in Germany at the International Motor Show in Frankfurt for two large orders for global commercial vehicle makers. Under the agreement, Samsung SDI will supply its battery cells and modules with a total volume of 13
Sept. 24, 2019
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Efforts pick up to help senior citizens use tech in daily lives
The government and companies are seeking to help senior citizens benefit from technological innovations, in light of concerns they might be left behind amid fast-changing digital trends. The Seoul Metropolitan Government said earlier this month it would make its high-tech welfare program available to more senior citizens. Using internet of things technology, the program helps deal with emergencies by monitoring the temperature of houses and physical movements. Meanwhile, mobile carrier SK Tel
Sept. 24, 2019
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Naver aims to create massive ecosystem for online cartoons
South Korea’s internet giant Naver on Tuesday announced its plan to boost online cartoon business’ global market presence by establishing a massive ecosystem for diverse contents and talented artists. Speaking at a press conference in Seoul, Naver Webtoon’s chief Kim Jun-koo unveiled the company’s global market strategy and content creation plans. After its launch in 2004, global services began in 2014.To attract more users to its online cartoon platform, the company
Sept. 24, 2019
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Samsung vs. LG TV spat expands to other home appliances
The war of words between Samsung and LG Electronics has expanded from 8K TVs to home appliances, with the former taunting its crosstown rival in online videos.Two updated video clips on Samsung’s YouTube channel feature its lineup of home appliances enabling clothing care, such as the air dresser and laundry dryer. Regarding the steam closet system, the company made an indirect comparison of its Air Dresser and LG Styler, presumably criticizing the technique used to remove dust from clothe
Sept. 23, 2019
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Naver, Kakao in battle over Korea’s mobile payment market
South Korea’s biggest internet search company Naver has finalized its plan to launch a financial subsidiary by November, presenting a challenge to the country’s leading messenger app operator Kakao in the mobile payment market. During a meeting with stockholders on Friday, Naver decided to change the status of its in-house venture company Naver Pay to a separate entity. Named “Naver Financial,” the new subsidiary is to be officially launched Nov. 1. To expand its platfo
Sept. 22, 2019
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[News Focus] Korean chipmakers expect to bottom out in H2
The semiconductor firms in South Korea are holding their breath at the current market conditions, hoping they have avoided the worst. “Starting with NAND, memory chip prices are showing signs of a rebound,” said an industry insider. “DRAM prices also stopped falling last month, which we hope is a sign of bottoming out finally.” The price of three-dimensional high-spec NAND rose for two months in a row, while the most widely used memory DRAMs halted their price
Sept. 22, 2019
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Samsung heir in Tokyo again at invitation of Japan’s biz community
Amid ongoing trade disputes between South Korea and Japan, Samsung Electronics’ de facto leader, Lee Jae-yong, visited Tokyo again at the invitation of the neighboring country’s business community, officials said Friday.The vice chairman of the Korean tech giant visited Tokyo to take part in the opening ceremony of the Rugby World Cup, one of the world’s three largest sports events along with the Summer Olympics and the FIFA World Cup. This is the first Rugby World Cup to be he
Sept. 20, 2019
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Samsung leaders to announce future vision at SDC 2019 in October
Samsung Electronics will hold its annual gathering of tech leaders around the world, known as Samsung Developer Conference, in San Jose next month, where it is expected to outline its next move in the tech world. Samsung on Friday announced its lineup of keynote speakers for the SDC 2019 event, slated for Oct. 29, which included the tech giant’s executives to take the center stage. The company’s smartphone business chief Koh Dong-jin, the CEO of IT& Mobile Communications Division
Sept. 20, 2019
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[News Focus] Look into Samsung-LG 8K TV spat
The war of words between Samsung and LG Electronics over the picture quality of their 8K TVs, undermining each other’s technological prowess, has baffled South Korean consumers.In their latest spat, the most often used term is CM, or contrast modulation, the level of distinction between the luminance of white and black colors on a screen. A higher CM leads to a clearer distinction between the colors, producing sharper images.LG first raised the issue at IFA -- the world‘s leading tra
Sept. 19, 2019
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[Herald Interview] Once labor-intensive, shipbuilders in race for digital transformation
SINGAPORE -- Traditional methods for cost efficiency in the labor-intensive field of shipbuilding and marine engineering will give way to digital solutions that are already quietly permeating the industry, Craig Hayman, CEO of UK industrial software developer Aveva, said in a recent interview with The Investor.“Shipbuilding firms are now focused on reducing labor (costs) associated with the construction and the number of hours put into designing them,” Hayman said, adding that South
Sept. 19, 2019
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Samsung heir discusses investment with Saudi prince in Jeddah
Lee Jae-yong, vice chairman and heir apparent of Samsung Electronics, met with Mohammad bin Salman bin Abdulaziz, the crown price of Saudi Arabia, to discuss investment opportunities, according to the company on Wednesday. During the meeting in Jeddah on Tuesday, Lee and the Saudi prince touched on various topics including technology, industry, construction, energy and smart cities, reported the Saudi Press Agency. “They discussed investment opportunities in the Kingdom and cooperation bet
Sept. 18, 2019
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Samsung aims to offset decline in China with 5G phones
Samsung Electronics is aiming to recover its declining market share in China with a diverse lineup of 5G-enbaled localized devices, including the latest hit Galaxy Fold, according to industry sources Wednesday. Starting with the Galaxy Note 10 series that was launched last week, Samsung hopes to restore its declining status. “The Galaxy Note 10+ 5G is just the start for China’s 5G market,” a Samsung official said during the launch event. “We hope our new products will hel
Sept. 18, 2019
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LG CNS to develop AI-based language education app
South Korean tech company LG CNS said Wednesday it has agreed to work with foreign-language education firm YBM NET to develop a mobile language-learning app using artificial intelligence technology. The two companies signed a memorandum of understanding for cooperation on the AI-based foreign-language education service. The signing ceremony was held at LG CNS’ headquarter in the Magok district of western Seoul. Combining LG CNS’ voice recognition and machine learning technologies
Sept. 18, 2019
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Despite high youth unemployment, small companies face labor shortage: survey
Despite worsening youth unemployment in South Korea, more than two-thirds of small and medium enterprises here appear to have trouble hiring young people, a survey showed Wednesday. Online recruiting company JobKorea surveyed 526 companies with less than 300 staff and found that 67 percent of the companies suffered from labor shortages. The result appears to be in contrast to reports about worsening employment among young people. According to 2018 data from the Korean Education Development In
Sept. 18, 2019
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Samsung, LG spar over picture quality of 8K TVs
South Korean tech giants Samsung Electronics and LG Electronics sparred again Tuesday, questioning the picture quality of 8K TVs, undermining each other’s technological prowess. LG once again accused Samsung of exaggerated, misleading marketing of its 2019 QLED 8K TVs and demanded more details.Since the IFA trade show in Berlin, Germany, earlier in September, LG has been slamming Samsung’s 8K TVs as failing to meet globally agreed standards that require minimum 50 percent contrast mo
Sept. 17, 2019
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SK Innovation raided over allegations of trade secret theft
The Seoul Metropolitan Police Agency on Tuesday raided SK Innovation’s headquarters in central Seoul over LG Chem’s accusation that the SK unit stole trade secrets related to developing electric vehicle batteries. LG Chem had made the accusation in May after filing a complaint in April with the US International Trade Commission and the District Court of Delaware over misappropriation of trade secrets through the hiring of former LG Chem employees. Police sent officers to SK Innovatio
Sept. 17, 2019
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Aveva to upgrade integrated industrial software in digital push
SINGAPORE -- UK-based industrial software developer Aveva said Tuesday it plans to introduce its newly integrated industrial software by November in its digital push to streamline large-scale projects.The news comes amid the UK company’s push for software integration following its merger with French multinational firm Schneider Electric’s industrial software business in March 2018. Since the merger, Aveva has strived to bring together its design, engineering and construction capaciti
Sept. 17, 2019
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LG Display taps LG Chem president as new chief
LG Display announced Monday the company’s incumbent chief tendered his resignation and that it has tapped a LG Chem executive as the new leader.Han Sang-beom, current vice chairman and CEO of the panel maker, expressed his willingness to step down from the post during an emergency meeting of the board of directors for the company, which is currently suffering deficits.The board accepted Han’s resignation and tapped Jeong Ho-young, chief operating officer of LG Chem, as the new CEO of
Sept. 16, 2019