Most Popular
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Korean labor force to shrink by 10 million by 2044: report
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[AtoZ Korean Mind] Does your job define who you are? Should it?
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Allegations surrounding BTS resurface, enraged fans demand apology
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Students with history of violence will be barred from becoming teachers
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Probe of first lady on Dior bag allegations set to begin
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'Super Rich in Korea' will leave viewers appreciating Korea more: producers
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Top prosecutor pledges 'speedy, strict' probe into first lady's luxury bag allegations
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Medical feud leaves hospitals in financial crisis
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'Queen of Tears' riding high on Netflix chart
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Chip up cycle won’t stay long: SK chief
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Big firms skip year-end brouhaha, offer days off instead
South Korean conglomerates are skipping official year-end ceremonies and recommending employees to take their annual leave to close out 2023. Samsung Electronics, the country’s largest conglomerate, is rounding out the year without any official year-end ceremony -- or "jongmusik" in Korean -- according to a Samsung official. The conglomerate will hold an official ceremony to kick off the new year -- or "simusik" -- on Jan. 2, 2024, bringing together top executives and e
Dec. 20, 2023
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Korea should be 'rule setter': KCCI chief
South Korea should step up to become a "rule setter" from being a "rule taker" by collaborating with Japan, as well as keep a balance between the United States and China, SK Group Chairman Chey Tae-won, who doubles as chairman of the business lobby group Korea Chamber of Commerce and Industry. Underscoring that the current protectionist trend around the world is "very unfavorable" for South Korea, Chey said the country should come up with ways to expand its market s
Dec. 19, 2023
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LG Electronics to unveil next-gen transparent antenna for cars
LG Electronics said Monday it will unveil its next-generation transparent antenna that will enhance telecommunication for cars at the upcoming CES 2024, slated for January in Las Vegas. The film-type antenna has been designed in collaboration with a renowned French glass manufacturer Saint-Gobain Sekurit, and is available as an on-glass or in-glass solution, LG said. According to the company, the transparent antenna can be seamlessly integrated in car windshields or glass sunroofs, meaning carma
Dec. 18, 2023
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LG Innotek develops wireless battery management system for EVs
LG Innotek said Monday it has developed a wireless battery management system, or BMS, for electric vehicles that significantly improved battery performance. The BMS is an essential EV component that optimizes a battery’s performance and lifespan by monitoring battery voltage, electric current and temperature in real time. The wireless BMS has emerged as a key component for electric vehicles and autonomous vehicles since it does not require cables or connectors. The wireless feature makes E
Dec. 18, 2023
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[KH Explains] Will Kakao's first female CEO survive 'glass cliff'?
While the South Korean IT industry has historically been dominated by male leadership, leading internet giants Naver and Kakao are seeing a new wave of young female leaders taking the helm and steering the ship through challenging waters and toward new horizons. Kakao named its first female CEO last week as it faces urgent challenges in revamping its corporate culture and management. Industry watchers are paying keen attention to how crucial a role the company's first-ever female leader wil
Dec. 17, 2023
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Samsung's AI model to be trained on 20,000 telecom-related academic papers
Samsung Electronics inked a partnership with the Korean Institute of Communications and Information Sciences for access to telecommunication-related academic papers to use in the training of its artificial intelligence program, the company said on Friday. Samsung Executive President Cheun Kyung-whoon leading Samsung Research signed the agreement with Korean Institute of Communications and Information Sciences President Hong Een-kee at the company's research and development campus in Seoul o
Dec. 15, 2023
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Samsung chief returns from Netherlands, satisfied with ASML deal
Samsung Electronics Chairman Lee Jae-yong hinted at his satisfaction over his trip to the Netherlands with President Yoon Suk Yeol on Friday, saying that most of the achievements made there were focused on semiconductors. "About 90 percent of the achievements made in the trip to the Netherlands are on semiconductors,” Lee told reporters when asked about the achievements of the trip, at Gimpo International Airport on Friday, with a satisfied smile on his face. Lee returned from the tri
Dec. 15, 2023
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SK to unveil net-zero vision at CES
SK Group said Thursday it will present its blueprint for a world free from the climate crisis -- the net-zero world -- via low-carbon technology at the Consumer Electronics Show 2024, the world's largest consumer electronics show, slated to open in Las Vegas next month. SK’s seven affiliates, including SK Inc., SK Innovation, SK hynix, SK Telecom and SK E&S, will jointly operate a pavilion under the theme of “Inspire Happiness” during the four-day annual US tech show
Dec. 14, 2023
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[KH explains] Will ‘chip alliance’ help Samsung, SK secure more ASML machines?
As global chipmakers are competing fiercely to get their hands on ASML's scarce extreme ultraviolet lithography equipment, the enhanced chip partnership between South Korea and the Netherlands this week is creating an upbeat mood for the Korean chip industry. On Tuesday, South Korean President Yoon Suk Yeol and the chiefs of the country's top two conglomerates -- Samsung Electronics Chairman Lee Jae-yong and SK Group Chairman Chey Tae-won -- met with Dutch King Willem-Alexander and ASM
Dec. 13, 2023
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Kakao names new chief in push for radical reform
Kakao said Wednesday it had nominated a new chief executive as part of the company's comprehensive reform efforts amid ongoing internal and external conflicts. The company's CEO candidate recommendation committee earlier in the day named Chung Shin-a, head of Kakao Ventures, Kakao’s venture capital unit, as the sole candidate for the role. Kakao praised Chung’s expertise and experience in the IT sector, as well as her comprehensive understanding of the conflicts and hardshi
Dec. 13, 2023
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LK-99 not superconductor, says Korean review committee
The Korean Society of Superconductivity and Cryogenics’ review committee on Wednesday said LK-99, an alleged room-temperature superconductor created by a South Korean research team, has not shown any key features of superconductivity. “There is no ground for saying that LK-99 is a superconductor,” the committee said in a report, stressing that it showed no signs of superconductivity in a series of tests on resistance and magnetic susceptibility in either room- or low temperatur
Dec. 13, 2023
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Samsung, ASML agree to build W1tr research fab for chip equipment in Korea
Samsung Electronics and ASML, a Dutch semiconductor equipment supplier, agreed on Tuesday to jointly invest about 1 trillion won ($762 million) to build a research facility in South Korea for the development of "ultra-microscopic" level semiconductor production technology, using next-generation extreme ultraviolet photolithography equipment. SK hynix also forged an agreement with the Dutch firm to collaborate on developing an eco-friendly technology aimed at minimizing energy consumpti
Dec. 12, 2023
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Samsung sets out in search of ‘unprecedented’ technology
Samsung Electronics has established new teams devoted to forging new ideas for the future of its smartphones and home appliances businesses, according to the company on Monday. The latest organizational restructuring of the tech giant comes as its chairman, Lee Jae-yong, has emphasized technological development as the key to survival amid growing uncertainties in the global economy. To strengthen its device experience division that oversees the company's mobile devices together with home ap
Dec. 11, 2023
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Samsung, SK chiefs to visit ASML to discuss chip alliance
Samsung Group Chairman Lee Jae-yong and SK Group Chairman Chey Tae-won are set to travel to the Netherlands this week to strengthen business ties with ASML, the sole provider of equipment critical in producing advanced chips. The heads of South Korea's top two conglomerates are accompanying President Yoon Suk Yeol on his state visit to the Netherlands from Monday to Thursday. There, they will visit ASML's headquarters in Veldhoven, and also explore the Dutch firm's newly built cle
Dec. 10, 2023
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SK carries out complete reshuffle of top brass
SK Group, the country’s second-largest conglomerate, has carried out a complete reshuffle of its top leadership, with a new, younger generation of top executives taking the helm at key affiliates to tackle the ever-changing business environment. In its year-end executive reshuffle on Thursday, the chiefs of four major affiliates -- SK Supex Council Chairman Cho Dae-sik, SK Innovation Vice Chairman Kim Jun, SK Corp. Vice Chairman Jang Dong-hyun and SK hynix Inc. Vice Chairman Park Jung-ho
Dec. 7, 2023
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[Photo News] Life’s good day in Indonesia
LG Electronics said Thursday that it has recently held the 33rd-anniversary event of its Indonesian operation, titled “Life’s Good Day,” with some 6,500 employees and their family members joining. The tech giant travels around the world to introduce its new brand identity, Life’s Good, putting renewed emphasis on customer satisfaction. (LG Electronics)
Dec. 7, 2023
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LG Display launches voluntary redundancy program in efficiency drive
LG Display, the top display maker in producing high-end organic light-emitting diode panels for TVs, has launched a voluntary redundancy program for its factory workers in its latest bid to reduce costs after months of operational losses, according to industry sources on Wednesday. Workers at its manufacturing plants in Paju, Gyeonggi Province and Gumi, North Gyeongsang Province, are eligible for voluntary retirement if they are over 40 years old. The company is offering severance pay for 36 m
Dec. 6, 2023
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[Contribution] Future of agriculture
By Chung Hwang-keun Minister of agriculture, food and rural affairs “Technology changes agriculture and, consequently, the lives of farmers,” said John May, chairman and CEO of John Deere, an American manufacturer of farm machinery and industrial equipment that is drawing the world’s attention for its advanced autonomous farming machines. By implication, he emphasized the necessity of technological innovation in agriculture, going beyond traditional ways of farming, to re
Dec. 6, 2023
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[KH Explains] China ups OLED ante to take over Korean shares
China’s recent move to ramp up investment in organic light-emitting display panels is stoking fears among Korean display makers that they may face another fierce price war with their Chinese runner-ups, even over the most sophisticated display technology. Last week, China's top display panel maker, BOE Technology, announced a plan to invest 63 billion yuan ($8.84 billion) to build a production facility with 8.6-generation technology for OLED panels for laptops and tablet PCs. The amou
Dec. 5, 2023
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Generational shift looms in SK leadership
SK Group Chairman Chey Tae-won is expected to carry out a complete reform of the conglomerate’s top leadership this week, seeking a generational shift to handle uncertainties in the fast-changing market. According to industry sources on Monday, Chey asked four chief executives of the group's major affiliates -- SK Supex Council Chairman Cho Dae-sik, SK Innovation Vice Chairman Kim Jun, SK Corp. Vice Chairman Jang Dong-hyun and SK hynix Inc. Vice Chairman Park Jung-ho -- to step down,
Dec. 4, 2023