Most Popular
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Marine Corps commander summoned by CIO for questioning on alleged influence-peddling case
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Debate rages over ‘overly fatty’ samgyeopsal
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40 flights canceled on Jeju Island due to bad weather
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[Weekender] Korean psyche untangled: Musok
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N. Korea slams US, other countries for seeking alternative to UN sanctions monitoring panel
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Pandemic left Korea more depressed than before: report
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Gov't appears to shelve punitive measures against mass walkout by doctors
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[Eye Interview] 'If you live to 100, you might as well be happy,' says 88-year-old bestselling essayist
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From fake prostitution ring to nonexistent robber, prank calls hamper police
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Missing S. Korean traveler in Paris found safe after 2 weeks
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Samsung to unveil Galaxy S23 on Feb. 1 in San Francisco
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 well as its official YouTube channel, the officials said. “A new era of Galaxy i
Jan. 11, 2023
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Biotech firms flock to JPMorgan Healthcare Conference
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 biotechnology executives from around the world. From Korea, Samsung Biologics, Lotte Biologics and SD Biosensor h
Jan. 10, 2023
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[Photo News] Lighter plastic for cars
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.
Jan. 10, 2023
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[Herald Interview] ‘There will be always more demand for chips, displays’
LAS VEGAS – The prolonged economic recession and inflation is drawing a grim outlook for semiconductor and display industries, even for top players such as South Korea’s Samsung and LG. But Merck Electronics CEO Kai Beckmann says that companies will persist, as demand for chips and displays will continue to grow, in the long run. “The electronics industry, ever since it developed, has had ups and downs. It is kind of a normal phenomenon in our industry. The good thing is that,
Jan. 9, 2023
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[KH Explains] Is Samsung’s robotics ambition taking shape with Rainbow stake?
Samsung Electronics recently purchased a sizeable stake in Rainbow Robotics, a local humanoid robotics company, for 59 billion won ($47 million), offering a glimpse into the South Korean tech giant’s robotics ambitions that are still under wraps. Earlier this month Samsung purchased some 1.94 million shares of Rainbow Robotics, one of the handful of robot companies that make bipedal human-like robots, becoming the second-largest shareholder of the company. Following the news, shares of t
Jan. 9, 2023
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US satellite may possibly fall around Korean Peninsula
The South Korean science ministry on Monday warned that a retired U.S. satellite could possible fall on the Korean Peninsula and its vicinities later this day. Launched in 1984, the Earth Radiation Budget Satellite is falling to Earth after completing its decadeslong mission to study how the Earth absorbed and radiated energy from the sun. The Ministry of Science and ICT said the ERBS is forecast to crash back down to Earth around 12:20-1:20 p.m. and the Korean Peninsula is included in the regio
Jan. 9, 2023
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[CES 2023] LG CEO seeks breakthrough with car tech
LAS VEGAS -- LG Electronics CEO Cho Joo-wan pinned high hopes on the South Korean tech giant’s burgeoning automotive solutions business, pledging to diversify its business portfolio to tackle challenges this year. “Our automotive solutions business has made a turnaround 10 years since the launch. Now that the business is on the highway, what is left to do is to step on the accelerator,” Cho said during a press conference held Friday on the sidelines of the CES trade show in Las
Jan. 8, 2023
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[CES 2023] [From the Scene] SK intrigues attendees with carbon-reducing tech
LAS VEGAS -- The exhibition of SK Group, South Korea’s second-largest conglomerate, drew the eyes of visitors and participants at CES 2023 held in Las Vegas from Thursday to Sunday. “They set up these black walls. I can’t really see what’s inside there,” said Chris Tomlin, an auto mechanic based in Los Angeles, as he stood in line to enter the exhibition area. There were others getting in the waiting line as the inside of the exhibition was not entirely visible from
Jan. 8, 2023
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[CES 2023] [From the Scene] Bodyfriend combines health care with massage chair
LAS VEGAS -- Dozens of people lined up in front of Bodyfriend’s exhibition at CES 2023 on Friday morning, waiting to try out the latest products of the South Korean massage chair maker. “I feel like it’s another world. It’s amazing. I did a lower body workout a couple of days ago and it really helped ease my muscle,” Halah Ramzi, an electric engineer from San Diego, told The Korea Herald after her 10-minute experience with Quantum Rovo which features Bodyfriend&rsqu
Jan. 8, 2023
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[CES 2023] Samsung CEO braces for rough year
LAS VEGAS – Samsung Electronics Vice Chairman and co-CEO Han Jong-hee said the South Korean tech giant was bracing for a rough year ahead, renewing his commitment to seeking new growth drivers in futuristic technologies such as robots and the metaverse. “Overlapping crises, including the prolonged economic recession, geopolitical tension, supply chain risks and climate change, have drastically increased uncertainty in the market,” Han said at a press conference Friday held on
Jan. 8, 2023
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LG Electronics’ Q4 operating profit estimated to nose-dive 91%
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 company’s earnings guidance. It would be the first time in four years for South Korea’
Jan. 6, 2023
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Naver closes acquisition of US e-commerce firm Poshmark
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 transaction, Poshmark withdrew its plan to go public on the US Nasdaq, Naver said. Naver first decid
Jan. 6, 2023
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[CES 2023] SK hynix chief says merger of Western Digital, Kioxia will 'not be easy'
LAS VEGAS -- SK hynix Vice Chairman Park Jung-ho said Thursday the merger of two memory competitors -- US’ Western Digital Corp. and Japan’s Kioxia Holdings Corp. -- "will not be easy," shrugging off the possibility of the two chipmakers' tie-up that could transform the business landscape. Earlier in the day, Bloomberg reported that Western Digital and Kioxia are considering merging into one publicly traded company, citing unnamed sources. The structure of the potent
Jan. 6, 2023
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Samsung Electronics' Q4 operating profit set to plunge nearly 70%
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), down from 13.87 trillion won a year prior. The figure was lower than the consensus 6.93 trillion wo
Jan. 6, 2023
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Celltrion's Avastin biosimilar wins regulatory nod from Canadian authorities
Celltrion announced Thursday that the company has cleared the regulatory hurdle to sell Vegzelma, a biosimilar referencing Roche's Bevacizumab sold under the brand name Avastin, in the Canadian market. Vegzelma, or also known as CT-P16, is used to treat a number of types of cancers including metastatic colorectal cancer and non-small cell lung cancer. According to Celltrion, Canada’s drug regulator Health Canada has authorized the sale of the drug for all indications that Roche's
Jan. 5, 2023
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[CES 2023] LG CEO touts customer value as key to success
LAS VEGAS -- LG Electronics Chief Executive Officer Cho Joo-wan underscored the company’s commitment to its “customer-centric vision” at the world's largest home appliance convention Wednesday, highlighting that the key to the tech giant’s successes lies in the customers. During the LG World Premiere press conference held on the sidelines of CES in Las Vegas, the CEO shared the company’s continuous efforts to pursue innovation to improve people's lives o
Jan. 5, 2023
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[CES 2023] Samsung pins high hopes on heightened connectivity among devices
LAS VEGAS -- Samsung Electronics Vice Chairman Han Jong-hee shared a detailed vision to create "calmer" connected world to heighten connectivity among devices, and reiterated the company's pursuit of net-zero emissions at the world's largest home appliance convention, Wednesday. In a press conference held on the sidelines of the CES in Las Vegas, Han, who is also the chief executive officer and the head of the Device eXperience overseeing home appliances and mobile devices
Jan. 5, 2023
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[CES 2023] LG's OLED tech marks 10th anniversary
LAS VEGAS -- In celebration of the 10th year of launching LG’s first organic light emitting diode (OLED) TVs, LG Electronics and LG Display jointly celebrated the big day in Las Vegas, Wednesday. With some 150 people of the companies’ executives and staff members, industry officials and experts joining the event, the LG subsidiaries looked back on the past decade of their OLED history and shared their visions for the future directions of display technology developments. After overcom
Jan. 5, 2023
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[CES 2023] LG Innotek to show off self-driving tech at CES
LAS VEGAS -- LG Innotek said Thursday it will showcase a series of its latest innovative technologies and products related to autonomous driving and the metaverse at the Consumer Electronics Show 2023 set to be held from Thursday to Monday in Las Vegas. It will mark the first time the electronics component manufacturer opens a booth to the public at the annual event, the world’s largest tech convention. Previously, the company had only invited clients to introduce new products. In line w
Jan. 5, 2023
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Stocks of Korea's COVID-19 test kit makers jump as China infections spike
Stock prices of some South Korean biotechnology and pharmaceutical companies have increased based on expectations that China’s sudden spike in COVID-19 cases could positively impact their sales. On early afternoon Wednesday, the stock price of in-vitro diagnostics company SD Biosensor’s stock price went up 5.9 percent to 29,600 won ($23.24). Seegene, another major in-vitro diagnostics company, saw its stock price climb 6.5 percent to 27,800 won. Their stock price hikes came after the
Jan. 4, 2023