Most Popular
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Blinken calls on China to press N. Korea to end its 'dangerous' behavior
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New celebrity-endorsed therapy for face contouring requires only a pair of rubber bands
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Tensions heighten ahead of first president-opposition chief meeting
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Seoul to provide housing subsidy to married couples with newborns
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[Weekender] How DDP emerged as an icon of Seoul
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Rapper jailed after public street fight with another rapper
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Woman gets suspended term for injuring boyfriend with knife
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[KH Explains] No more 'Michael' at Kakao Games
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Doctor group's incoming head renews call for govt. to scrap medical school quota hike for dialogue
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NewJeans pops out ‘Bubble Gum’ video amid troubles at agency
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LG to produce limited volume of Rollable phones for internal use
LG Electronics has officially given up smartphones, but its very last project -- the first rollable smartphone -- will see the light of day, even though it will not be for sale. The South Korean firm confirmed Monday that it is considering producing a limited volume of Rollable phones for internal use. “Development of the Rollable was completed before the management’s decision to end the phone business,” said a company official. “The exact timing or volume of the
May 24, 2021
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[Newsmaker] Samsung Biologics sets out preparation for Moderna vaccine production
Samsung Biologics is working to expedite preparations to start churning out “hundreds of millions” of doses of Moderna’s COVID-19 vaccine in early second half, the company said Sunday. At its sterile drug manufacturing facility in Songdo, Incheon, which is one of the largest in the world, the South Korean pharmaceutical will handle the fill and finish process of the production of mRNA-1273, Moderna’s messenger-RNA based COVID-19 jab. The firm signed a contract with Mo
May 23, 2021
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Moon visits SK Innovation’s battery plant in Georgia
South Korean President Moon Jae-in visited a plant construction site of SK Innovation Co., the country‘s leading battery maker, in the United States on Saturday. “This plant symbolizes friendship and high-tech cooperation between South Korea and the United States,” Moon said in a speech at the factory in the state of Georgia. “South Korean firms are best partners in the battery field. Cooperation in the sector offers a good opportunity for the US and South Korea to devel
May 23, 2021
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Three cups of coffee a day could help you live longer, study finds
Having more than three cups of coffee a day can help those in their 40s or older live longer, researchers from Chung-Ang University found in a study with the Korea Disease Control and Prevention Agency. The study was conducted on 110,920 individuals older than 40. Scientists tracked the patients’ daily coffee intake and death rate for an average of 9.1 years. Individuals already diagnosed with diabetes, cardiovascular disease and cancer were not included in the study. The study conclude
May 22, 2021
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SK hynix's acquisition of Intel's NAND biz gets approval from Europe
SK hynix, South Korea's second-largest chipmaker, on Friday said it has earned approval from Europe's antitrust watchdog for its acquisition of Intel Corp.'s NAND business. SK hynix said it received unconditional clearance from the European Commission for its takeover of Intel's non-volatile memory unit. Last October, SK hynix signed a deal to buy Intel's NAND business for $9 billion, which includes the US firm's solid state drive business and a NAND flash chip plant in Dalian, China. Followin
May 21, 2021
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S. Korean memory chipmakers expected to leverage upcoming super cycle: report
South Korea’s top semiconductor manufacturers, Samsung Electronics and SK hynix, are expected to enjoy a super cycle in the global memory chip market until 2023, industry sources said Friday. According to international market tracker IC Insights, global sales of memory chips will reach a record high of $180.4 billion in 2022. The record for global memory sales was $163.3 billion in 2018, when manufacturers benefited from price hikes on rising demand during a so-called super memory cyc
May 21, 2021
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Moderna COVID-19 vaccine gets final nod in S. Korea
A panel of medical experts on Friday said the vaccine for the novel coronavirus developed by US pharmaceutical company Moderna Inc. showed enough efficacy and safety, and recommended the use of the product. In the previous two rounds of review on Moderna's two full-dose regimen, the panel already concluded that the product is eligible for all adults. The Moderna vaccine, finally approved by the Ministry of Food and Drug Safety, marks the country's fourth COVID-19 vaccine, following the ones by
May 21, 2021
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Korea’s greenhouse gas tracking system becomes 1st WMO-endorsed project in Asia
South Korea has become the first country in Asia to launch a project officially endorsed by the World Meteorological Organization’s Integrated Global Greenhouse Gas Information System, or IG3IS, the Korea Meteorological Administration said Friday. The project is named Inverse-Korea, which is short for inverse modeling for validating and evaluating the reduction of sectoral emissions in Korea, according to the KMA. The National Institute of Meteorological Sciences under the weather agency
May 21, 2021
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International Vaccine Institute chief backs Seoul as vaccine hub
The chief of the International Vaccine Institute said Thursday that he feels positive about the possibility of South Korea becoming an Asian manufacturing hub for COVID-19 vaccines. Dr. Jerome Kim, director general of the Seoul-based IVI, made the remarks during a conservation with Korea Society President Tom Byrne, released via YouTube. When asked if Korea has what it takes to become an Asian vaccine production hub in 6 to 9 months, he responded: “I think the short answer is yes.&rdqu
May 20, 2021
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Monthly active users of Netflix in S. Korea decrease for third consecutive month
The video-streaming service Netflix saw the number of its monthly active users in South Korea decline for a third consecutive month, data showed Thursday. It is the first time the figure has ever dropped for three straight months. Netflix had 8.08 million monthly active users here in April, down 1.9 percent from 8.24 million in March, according to the data published by market researcher Nielsen Koreanclick. The figure peaked at 8.99 million in January, according to the data. The vide
May 20, 2021
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Netflix users dip in S. Korea amid growing competition
Monthly active users of the US video streaming service Netflix Inc. in South Korea recorded a decline in the past three months, data showed Thursday, as the platform faces a slowdown in global subscriber growth and increasing competition from local players. Netflix's monthly active users in the country last month stood at 8.08 million, down 1.9 percent from 8.24 million in March, according to the data from market researcher Nielsen Koreanclick. The latest figure marks a dip since the platform
May 20, 2021
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Samsung confirms smartwatch OS partnership with Google
Samsung Electronics Co. said Thursday that it will team up with Google LLC to deliver a new smartwatch operating system (OS), as they seek to better compete with Apple Inc. in the wearables market. Yoon Jang-hyun, who heads Samsung's software development team, said in an editorial that the South Korean tech giant will develop a unified smartwatch platform with Google. Samsung currently uses Tizen OS for its Galaxy smartwatches, while Google offers Wear OS. Their OS partnership was first unve
May 20, 2021
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[News Focus] Action plan to make Korea a global COVID-19 vaccine factory takes shape
In the global fight against the COVID-19 pandemic, South Korea could step up as a global vaccine factory, if players unite to ramp up the country’s total production capacity, already the world’s second-largest, officials and industry insiders said Wednesday. Talks have already begun among local biopharmaceuticals to forge a consortium for co-production of the doses -- in particular the entirely new type of mRNA vaccines developed by Pfizer-BioNTech and Moderna, the sources said.
May 19, 2021
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SK’s Chey departs for US, raises expectations for new investments
SK Group Chairman Chey Tae-won on Wednesday departed for the United States, raising expectations about his visit to SK Innovation’s battery plant in Georgia, and a possible pledge for additional investments. Chey boarded a plane bound for a US city, with a handful of group officials. SK Group declined to reveal the destination of Chey’s flight. He is among the several Korean business leaders who are visiting the US in time for the first summit meeting between Presidents Moon
May 19, 2021
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South Korean firms to forge vaccine alliance in anticipation of patent waiver
A group of South Korean biopharmaceutical companies are in talks to forge a consortium for co-production of COVID-19 vaccines in anticipation of a patent waiver, industry sources said Tuesday. According to the bio industry insiders who declined to be named, the talks involve about 10 local firms including Hanmi Pharmaceutical, Genexine, GC Pharma, GeneOne Life Science, ST Pharm, as well as Seoul National University, Pohang University of Science and Technology and Myongji Medical Foundation. T
May 18, 2021
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GC Pharma’s plasma treatment still in demand, even after failing to get approval
Local demand for biotech company GC Pharma‘s experimental plasma treatment against the new coronavirus remains even after the company failed to receive conditional use approval here, according to industry sources Tuesday. According to sources, Kyungpook National University Hospital on Friday received an emergency use authorization for the treatment, just three days after the Ministry of Food and Drug Safety rejected GC Pharma‘s application for conditional use. In South Korea, expe
May 18, 2021
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SK hynix mulling complete acquisition of former foundry unit of Magnachip
SK hynix is considering a complete takeover of domestic foundry company Key Foundry, of which it holds a 49.8 percent stake in, industry sources said Tuesday. Key Foundry was separated from Magnachip last year, and become an independent 8-inch wafer foundry firm operating in Cheongju, North Chungcheong Province. SK hynix currently controls 49.8 percent of the company via a private equity fund set up by Magnus PEF. The rest – a 50 percent stake plus one share-- is held by the fund&rsquo
May 18, 2021
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LG to invest $100m to build massive computer system for AI development
LG Group announced Monday that it plans to invest over $100 million over the next three years to develop high-performance computing infrastructure for artificial intelligence development. LG Group’s AI research and development unit LG AI Research will build computing infrastructure with 600 billion machine learning parameters. The new computing system, capable of making 95.7 quadrillion calculations per second, will be introduced during the second half of the year and followed by an AI m
May 18, 2021
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LG Innotek holds online and offline exhibitions for partners, general public
LG Innotek, LG Group’s cutting-edge manufacturer of materials and components, is holding an exhibition to showcase its business history, current market status and product lineups. It will take place online and offline simultaneously. The purpose of the event is to help LG Innotek’s business partners and the public to better understand the company, it said. The online exhibition comprises two separate segments. One is designed especially for the company’s corporate partners,
May 18, 2021
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Clubhouse to launch Android version in S. Korea
Audio-based social networking service Clubhouse will launch on Google's Android operating system in South Korea this week, its US-based developer Alpha Exploration Co. said Tuesday, in a move to expand its growing user base. While the app had previously been available only on iPhones, the company said it will upload a beta version of the app available for download on Google Play in South Korea on Wednesday. The audio social media app, in which users enter rooms to chat with one another by voic
May 18, 2021