Most Popular
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Yoon, Lee end first talks with differences, agree to meet more
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What is Hybe’s next move?
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China outpaces Korea in smaller OLED shipments for 1st time
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[Grace Kao] Hybe vs. Ador: Inspiration, imitation and plagiarism
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[Herald Interview] Mom’s Touch seeks to replicate success in Japan
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Police to open alleged stalking probe over pastor over Dior bag scandal
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'Queen of Tears' finale sets record viewership ratings as tvN's most-watched series ending
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[News Focus] Lee tells Yoon that he has governed without political dialogue
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Seoul to deploy more military doctors to fill med prof void
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Liberal bloc moves to rewrite student rights ordinance
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Korea launches mRNA vaccine consortium
South Korean biopharmaceutical companies have joined forces to co-develop and co-produce 100 million doses of a homegrown messenger RNA vaccine for COVID-19 next year, according to the Ministry of Health and Welfare on Tuesday. Dubbed the “K-mRNA vaccine consortium,” it will be led by three major firms -- Hanmi Pharmaceutical, GC Pharma and ST Pharm -- and backed by the Korea Pharmaceutical and Bio-Pharma Manufacturers Association and the Korea Innovative Medicines Consortium, a gr
June 29, 2021
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[News Focus] Ruling against Netflix signals impact on digital content market
A high-profile ruling made against Netflix last week by a Seoul court is expected to have repercussions on the Korean market, affecting not only viewers but also domestic and foreign internet companies. The court’s decision confirmed that the streaming service has an obligation to negotiate with mobile carriers over the payment of network usage fees. The legal battle traces back to November 2019, when internet service provider SK Broadband filed a complaint with a local telecommunicatio
June 29, 2021
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BTS meets robots in new Hyundai Motor clip
South Korea’s top automaker Hyundai Motor on Tuesday released a promotional video featuring K-pop supergroup BTS and robots, as part of efforts to reposition the company as a tech firm leading future technologies. Titled “Welcome to the Family with BTS,” the clip, which is around two and a half minutes long, was uploaded to the carmaker’s official YouTube channel. It seeks to make the field of robotics familiar to young people, by introducing Spot and Atlas of Boston Dy
June 29, 2021
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Hanmi announces positive phase 3 clinical trial results of its diabetes drug candidate
Hanmi Pharmaceutical said Tuesday that efpeglenatide, its long-acting diabetes drug candidate, had significantly reduced the incidence of major adverse cardiovascular events and kidney disease, quoting the results of phase 3 clinical trials. Sanofi, which has purchased the license for efpeglenatide from Hanmi, presented the results of the global, large-scale clinical trial at the American Diabetes Association’s 81st Scientific Sessions. The phase 3 clinical trial involved 4,076 patient
June 29, 2021
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Samsung Electro-Mechanics develops largest-storage MLCC for 5G phones
Samsung Electro-Mechanics said Tuesday the company has developed a multi-layer ceramic capacitor with the largest storage capacity for 5G smartphones. Known as MLCC, the component enables stable supply and control of electric charge within electronic devices. It is as thin as human hair. At least 1,000 capacitors are needed for today’s smartphones per unit. The Samsung unit said the latest MLCC is 1.0 millimeter by 0.5 millimeter and is capable of storing 27 microfarads of electric c
June 29, 2021
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Korea to offer 5G frequencies to non-telcos
South Korea will offer additional frequency bands for further 5G deployment and non-telecom companies are eligible to join the bid, the Ministry of Science and ICT announced Tuesday. The wireless spectrums to be provided are a 600 megahertz block of a 28 Gigahertz frequency band and another 100MHz block of 4.7GHz. According to the ministry plan, the government will divide the 28GHz band into 12 blocks, and the 4.7GHz band into 10 blocks for the frequency rollout and companies or institution
June 29, 2021
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LG's OLED TVs support Dolby Vision Gaming at 4K, 120Hz
LG Electronics Inc. said Tuesday its OLED TVs now support an advanced video processing technology for gamers at 4K resolution with 120Hz refresh rate as the South Korean tech giant tries to beef up its presence in the gaming community. Through a software update, LG said its 2021 OLED TV models, including the G1 and C1, are compatible with Dolby Vision Gaming at 4K, 120Hz, becoming the industry's first TV products to support the solution in such picture settings. Previously, LG's TV supported
June 29, 2021
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Samsung SDS signs partnership with US software firm ServiceNow
Samsung SDS Co., an IT service unit of Samsung Group, on Tuesday said it has signed a partnership with US-based software firm ServiceNow Inc. to expand cloud-based businesses. Under the deal with ServiceNow, Samsung SDS will utilize its IT service management solutions to help enterprise customers' digital transformation efforts. The two also agreed to join forces to develop technologies in the field of artificial intelligence and natural language understanding to seek growth opportunities.
June 29, 2021
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SK Telecom teams up with Genesys to launch AI call centers
SK Telecom Co., South Korea's largest mobile carrier, said Tuesday it has teamed up with US call center technology company Genesys to launch a contact center service powered by artificial intelligence (AI). AI call centers have recently risen in popularity as they can reduce tasks handled by traditional call center agents by using speech recognition and natural language processing technology to respond to simple and repetitive user queries. SK Telecom said it has partnered with Genesys, which
June 29, 2021
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Samsung unveils new smartwatch interface
Samsung Electronics Co. on Tuesday unveiled its new smartwatch interface that will run on the upcoming unified wearable operating system (OS) with Google as the South Korean tech giant eyes to expand its presence in the wearable device market. Samsung introduced One UI Watch at its virtual session of this year's Mobile World Congress, saying the new interface aims to deliver a more connected experience between the Galaxy Watch and smartphones. One UI Watch will be available for new OS jointl
June 29, 2021
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[News Focus] Netflix’s net neutrality logic loses ground in Korea
A Seoul court’s decision last week that effectively confirmed Netflix‘s obligation to pay network usage fees to mobile carriers suggests that the global video streaming giant might have to change its business strategy in South Korea, according to industry sources Monday. The US-based content provider that raised 415.5 billion won ($367.6 million) in revenue in Korea alone last year has not been paying network fees to provider SK Broadband, the internet protocol TV subsidiary of SK
June 28, 2021
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S. Korea to test mmWave 5G tech in Seoul subways
South Korea's ICT ministry said Monday it will work with the country's wireless service providers to test millimeter wave (mmWave) 5G technology in the Seoul subway system in a move to improve network services and speed up commercialization. South Korea's 5G networks are currently deployed on the mid-band spectrum, leading to relatively slower speeds than on the high-band mmWave spectrum, which can theoretically be up to 20 times faster than 4G LTE. The ministry said it would work with the cou
June 28, 2021
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Krafton invests $9m in Indian streaming platform
Krafton Inc., a South Korean gaming giant behind the global smash hit "PlayerUnknown's Battlegrounds" (PUBG), said Monday that it has invested $9 million in India-based streaming platform Loco. The funding includes other investors, such as Lumikai, India's first gaming and interactive media fund, as well as Hashed, Hiro Capital, North Base Media, Axilor Ventures and 3one4 Capital, it said. Krafton said Loco, which was spun off as a separate entity from parent company Pocket Aces, has
June 28, 2021
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[Weekender] Invitation to Metaverse
To those who have difficulty in grasping the characteristics of the younger generations of millennials and Gen Z -- pay attention to the “metaverse.” A combination of “meta” and “universe,” the term refers to a virtual world shared by people from the real world. Built on the convergence of all things sci-fi such as augmented reality, virtual reality, extended reality, artificial intelligence, fifth-generation networks, edge computing and so on, this digita
June 26, 2021
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Naver’s chief operating officer resigns over employee’s suicide
Choi In-hyuk, chief operating officer of Naver, the country’s largest portal operator, on Friday announced that he will step down from his post, apologizing for an employee’s suicide. Choi is one of co-founders of Naver, which was established in 1999. He is a close ally of Lee Hae-jin, the de facto chief of the internet company. The executive, however, will maintain his CEO post at Naver Financial. Naver released a statement regarding the employee’s death after an interna
June 25, 2021
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Samsung Electronics and affiliates to vaccinate workers from July
Samsung Electronics and its affiliates will start vaccinating its workers at their in-house clinics starting next month, according to industry sources on Friday. The flagship electronics unit and affiliates, including Samsung Display, Samsung SDI and Samsung Electro-Mechanics, will run an in-house vaccination program as part of efforts to beef up antivirus measures amid the COVID-19 pandemic. Samsung Electronics notified its employees on Friday the company will start the vaccination progra
June 25, 2021
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DataStreams suggests blockchain-based trading of big data
South Korean big data firm DataStreams said Thursday that it has presented a system for brokerless trading and circulation of big data using a blockchain solution. Ahn Hyun-joo, head of the firm’s product services department, and his two co-authors presented the research paper at a conference organized by the Korea Society of Management Information Systems on June 18. In their study, the trio offered a way to use blockchain technology to build an exchange platform for big data, enabling
June 24, 2021
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Medytox to start phase 3 clinical study of new botulinum toxin treatment
Medytox will begin a phase three clinical trial of its next-generation botulinum toxin treatment MBA-P01, according to an announcement from the company Thursday. The firm’s investigational new drug application for the new botulinum toxin treatment gained approval the previous day from the Ministry of Food and Drug Safety. Medytox will carry out the study at four local medical institutes on a total of 318 people with moderate to severe glabellar frown lines. The firm has been developi
June 24, 2021
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[Newsmaker] LG’s iPhone plan faces controversy
LG Electronics’ plan to start selling Apple’s iPhones at its stores is facing backlash from local phone distributors and a private consensus-based panel on shared growth on Thursday threw weight behind opponents, saying LG would be breaking its word if it pushes ahead with the plan. The Korea Commission for Corporate Partnership cited the firm’s pact with the commission signed in 2018 in which LG pledged to strive for co-prosperity with small players in the industry. LG,
June 24, 2021
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LG CNS-RaonSecure to develop Korea’s 1st mobile ID
A consortium of LG CNS and RaonSecure said Thursday that it has won a state-led project to develop South Korea’s first digital identification. The IT solution affiliate of LG Group and the local cybersecurity solutions provider will together develop a digital version of the driver’s license by the end of this year for a project commissioned by the Ministry of the Interior and Safety and the Korea Minting, Security Printing and ID Card Operating Corp. Currently, three major telecom
June 24, 2021