KCCI donates $100,000 in aid to quake-hit Turkey

The Korea Chamber of Commerce and Industry said Friday it had given $100,000 in aid to Turkey, which is suffering from untold casualties and destruction after a 7.8 magnitude earthquake hit the country on Feb. 6. Woo Tae-hee, executive vice chairman of the largest business lobby in Korea, visited the Turkish Embassy in Seoul on Friday to pay tribute to the victims of the tragedy, according to the KCCI. There, Woo met with Turkish Ambassador to Korea, Salih Murat Tamer, and donated the $100,000.

Feb. 17, 2023

Samsung officially launches Galaxy S23 series, first in 55 countries

Samsung Electronics, the world's largest smartphone maker by shipment, announced the official launch of its Galaxy S23 series in 55 countries Friday, touting record-breaking preorders in South Korea. Starting sales in 55 countries, which include United States, Britain, Dubai and Australia, the tech giant will ultimately launch the new flagship models in 130 countries, the company said. In South Korea, the Galaxy S23 series garnered 1.09 million preorders in seven days, up slightly from the

Feb. 17, 2023

[Newsmaker] Time to take the 'human' out of HR?

Looking to get hired? Your next job interview could be with a robot. As artificial intelligence applications grow across industries, it is increasingly being used in human resources. According to a survey conducted by Saramin, an online recruiting company, in 2022, nearly 2 out of 3 local companies said that AI recruiting programs have helped them save time and human labor. At present, AI is mainly used by recruiters to save time and give more chances to more candidates by screening a lot more r

Feb. 17, 2023

[Newsmaker] ChatGPT not to be trusted on Korean names

Artificial intelligence-powered chatbot ChatGPT is all the rage, with the potential to change the way many people work. But for those hoping to get quick answers about Korea from the AI platform, it is not to be trusted, at least for now. As of Thursday, the bot developed by Microsoft-backed OpenAI gives error-ridden answers to some basic questions about Korea, starting from the profile of Korea’s current President, Yoon Suk Yeol. For the question, “Who is President Yoon Suk Yeol?&rd

Feb. 16, 2023

LG CNS, Kyung Hee University team up for 5G development

Information technology service provider LG CNS said Thursday it is joining hands with Kyung Hee University to jointly develop and expand a 5G network system that can be applied in manufacturing plants and logistics. Earlier in the month, the IT service provider inked an agreement to jointly develop a 5G-based smart factory predictive maintenance solution, the company said. Predictive maintenance refers to a technique that uses data analysis to detect anomalies or defects in industrial operations

Feb. 16, 2023

[Photo News] Robot guide in museums

Kids watch an LG CLOi GuideBot translate sign language at the Gongju National Museum in Gongju, South Chungcheong Province. LG Electronics said Thursday it is introducing its multipurpose customer service robot at the national museum in Gongju and National Assembly Constitution Memorial Hall in Seoul.

Feb. 16, 2023

Uncertainty ahead for Lotte's venture into CDMO

Lotte Group, the country's fifth largest conglomerate, hopes its biopharmaceutical contract manufacturing arm will become a future engine of growth, following in the footsteps of Samsung. But the road ahead remains uncertain as Lotte is still in the early stages of the business. According to industry sources, Lotte Biologics is expected to face a myriad of challenges when it comes to finding a foothold in the market, with issues from price competitiveness to talent recruitment. In 2022, t

Feb. 16, 2023

Samsung introduces reusable photocatalytic air filter

Samsung Electronics said Thursday it has developed a new technology for a single air purification filter that simultaneously removes fine dust and harmful gases, and can be used for up to 20 years through simple water washing. Researchers at the Samsung Advanced Institute of Technology implemented a filter technology that applies photocatalysts such as copper oxide and titanium dioxide -- the first development to be introduced anywhere in the world, according to Samsung officials. Before the lat

Feb. 16, 2023

AI chatbot services will boost chip demand, says SK hynix chief

The proliferation of chatbots using artificial intelligence will become "killer applications" in boosting demand for advanced memory chips, SK hynix Vice Chairman Park Jung-ho said at a symposium Wednesday. Park, who also serves as the chief executive officer of the world's second-largest memory chip maker, said memory chips will always be at the center of innovation as the era of artificial intelligence unfolds. "As the era of AI unfolds, unsolved challenges of the past will

Feb. 15, 2023

SK Biopharmaceuticals makes big sales pitch in US

SK Biopharmaceuticals on Wednesday said its subsidiary SK Life Science is holding sales meetings in the US this week to boost sales of its seizure medicine cenobamate in the all-important market. Cenobamate, which is sold under the brand name of Xcopri, was approved in 2019 for partial-onset seizures in adults. The company has held the promotional event traveling across the US for the fourth consecutive year with an aim of strengthening its sales network and sharing its business plans with partn

Feb. 15, 2023

Samsung secures cash from display unit to boost lagging chip business

Samsung Electronics plans to borrow 20 trillion won ($15.78 billion) from its display unit to secure working capital as the tech giant seeks to maintain a similar level of investment as last year, despite the sharp industry downturn to continue into the year. In a regulatory filing on Tuesday, Samsung said it will be borrowing funds from Samsung Display at an interest rate of 4.6 percent, with the loan to mature on Aug. 17, 2025. Samsung Display, an affiliate in which Samsung Electronics holds 8

Feb. 15, 2023

LG Innotek unveils world's thinnest semiconductor base

LG Innotek said Wednesday that it launched the world’s thinnest and widest film-type semiconductor substrate, 2-metal chip on film, a key component for extended reality devices. Chip on film (COF) is a semiconductor packaging substrate that connects the display and main printed circuit board. It helps minimize display bezels and miniaturize modules for electronic devices such as TVs, laptops, monitors and smartphones. The 2-metal COF is an upgraded version of the single-sided COF, which is

Feb. 15, 2023

[Graphic News] Cigarette sales up in S. Korea in 2022

Sales of cigarettes in South Korea edged up 1.1 percent in 2022 from a year before, the Finance Ministry said, despite the government’s anti-smoking campaign. South Korean smokers purchased 3.63 billion packs of 20 cigarettes in 2022, up from the 3.59 billion packs tallied a year earlier, according to the Ministry of Economy and Finance. The amount, however, marked a 16.8 percent drop from 2014, a year before the government raised the price of cigarettes by 80 percent in January 2015 from

Feb. 15, 2023

Samsung chief unlikely to seek board membership

Samsung Electronics Chairman Lee Jae-yong is unlikely to seek board membership at the company, as it was not included in the list of agenda items to be discussed in the upcoming general shareholders meeting on March 15. Samsung held a board of directors meeting on Tuesday to fix the date of this year’s general gathering and three topics to be discussed there, the company said in a press release. The three agendas are approving of the company's financial statement, appointment of Vice

Feb. 14, 2023

International research team developed new micro-LED for better VR technology

A research team comprised of experts from Korea, the United States and Europe developed "full-color micro LEDs with ultra-fine vertical stacked pixel structures" which can enable the production of more vivid screens. A joint research team led by Hong Young-joon, a professor of Nanotechnology and Advanced Materials Engineering at Sejong University, has developed a new method to reduce costs and time of producing micro LEDs -- devices that are smaller than 100 micrometers in length and w

Feb. 14, 2023

[Photo News] Immersive Galaxy experience

Visitors take pictures with Samsung Electronics' latest Galaxy S23 Plus smartphone at a Galaxy Studio pop-up store in Seongsu, east of Seoul, on Tuesday. The tech giant is running three pop-up stores to allow visitors to experience its latest Galaxy S23 series in Seongsu, Hongdae and Yeonnam areas in Seoul until March 26.

Feb. 14, 2023

SK grants W200m to nurture social ventures

SK Supex, SK Group’s top decision-making council, said Tuesday that the group selected two environment-related social enterprises, Netspa and En2core Technology, as the beneficiaries of its venture fostering program, Impact Union, and had granted 100 million won to each of the companies. Running the project aimed at fostering social enterprises since 2020, the nation’s second-largest conglomerate assessed 25 social enterprises recommended by investors and partner business accelerat

Feb. 14, 2023

Science minister to present Korea’s digital strategy at MWC

South Korea’s science minister and the heads of telecommunications giants SK Telecom and KT are participating in the upcoming Mobile World Congress set to be held from Feb. 27 to March 2 in Barcelona, Spain. Lee Jong-ho, Minister of Science and ICT, will deliver a speech at the GSMA’s ministerial program slated for the second day of the global event. According to the GSMA, the organizing group of the MWC, the ministerial program will cover the topic of investing in networks to achiev

Feb. 14, 2023

LG CNS launches new research platform Quinoa

LG CNS said Tuesday it has launched a new research platform, called Quinoa, to allow users to conduct surveys more easily and check and share results via mobile devices. The name comes from the superfood grain of the same name to represent “small but meaningful thoughts and opinions that come together to offer insight about the world.” Anyone who registers for membership can use the mobile application free of charge. The mobile application is available at both Android and Apple'

Feb. 14, 2023

Samsung mobile chief hints at extending AI partnerships

Samsung Electronics President and mobile business chief Roh Tae-moon has hinted at the tech giant’s potential partnerships with global IT firms to develop new artificial intelligence technologies for its smartphones. Roh noted the possible partnerships at a press conference held in Malaysia on Thursday, for the launch of Samsung’s flagship Galaxy S23 smartphone lineup, according to Vietnam’s Soha News and other local media outlets. The media outlets reported the mobile chief

Feb. 14, 2023