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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Doctor group's incoming head renews call for govt. to scrap medical school quota hike for dialogue
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[KH Explains] No more 'Michael' at Kakao Games
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NewJeans pops out ‘Bubble Gum’ video amid troubles at agency
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Moon’s subtle tone shift revives hopes for Samsung chief’s early release
In a subtle but noteworthy change of tone, President Moon Jae-in on Monday spoke of the mounting challenges facing South Korean chipmakers when asked about the fate of the jailed Samsung Electronics chief Lee Jae-yong. “It is a clear fact that we need to further enhance the competitiveness of our semiconductor industry, with global competition on chips intensifying,” Moon told reporters in a nationally televised press conference. He then added that he also has to consider the
May 10, 2021
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[#WeFACE] ‘Look through investors’ lens to understand ESG’: SK hynix official
The Korea Herald is publishing a series of interviews with executives of South Korea’s leading corporations on their response to environmental, social and corporate governance, or ESG, issues, which have become central factors globally in measuring the sustainability of an investment or business decision. -- Ed. To truly embrace the ESG trends in business management, it is important to look at things from an investor’s point of view, says Lee Bang-sil, vice president of South Ko
May 9, 2021
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Seoul fine-tuning K-chip support measures
With government measures to help cement South Korea’s leadership in the global semiconductor market to be announced this week, industry watchers are paying keen attention to how much Samsung Electronics and SK hynix could benefit from the measures that would largely pivot on tax breaks. As early as Thursday, Seoul is expected to unveil what it calls the “K-Semiconductor Belt Strategy,” which could include drastic increases in tax benefits for chipmakers’ R&D projec
May 9, 2021
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Samsung Electronics to transfer some 500 technologies to local SMEs
Samsung Electronics will share its 505 patented technologies with local small and medium enterprises, the Ministry of Trade, Industry and Energy said Friday. The list comprises 213 mobile technologies, 68 semiconductor technologies, 68 display technologies, 45 telecommunications technologies and 31 medical equipment technologies, and others. The SMEs that wish to benefit from the governments technology transfer program are required to submit their application via the ministry or the Korea Ins
May 7, 2021
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Naver to expand its R&D network in North America
Naver plans to expand its research and development network in the North American region, particularly focusing on Silicon Valley, as part of its globalization efforts, according to officials. The research team is seeking talent from across the globe who will be allowed to work in either Korea or the US, the South Korean internet giant said at 2021 Naver Search Colloquium which took place online on Friday. Kim Jin-young, the newly appointed Head of Data Science and Director of US R&D at Nav
May 7, 2021
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Roche Diagnostics receives approval for COVID-19 test
Roche Diagnostics Korea announced Thursday that the company has received approval for the cobas test, an assay used to specifically detect the severe acute respiratory syndrome coronavirus in laboratories settings. According to Roche, the cobas test is capable of qualitative detection and differentiation between SARS-CoV-2, Influenza A and Influenza B present in nasal swab samples collected from individuals suspected of a respiratory infection. Roche’s laboratory-based assay cobas SARS
May 6, 2021
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Samsung’s foundry biz enhances chip packaging tech
Amid the heightening competition in the global chip foundry market, Samsung Electronics unveiled a new packaging technology Thursday that would help differentiate its foundry service. Samsung said it has completed the development of the next-generation 2.5D packaging technology named Interposer-Cube4, or I-Cube4, which is immediately available for customers. Samsung’s I-Cube is a heterogeneous integration technology that horizontally places one or more logic dies, such as a CPU or
May 6, 2021
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Kakao’s Q1 profit hits record high on mobility, fintech business growth
Kakao Corp., the operator of South Korea’s top messaging app KakaoTalk, posted a record-breaking revenue of 1.25 trillion won ($1.1 billion) for the first quarter, up 45 percent from a year earlier, the company said Thursday. Its operating profit also rose by 79 percent to a record-breaking 157.5 billion won during the same period, largely on the back of its taxi-hailing and digital wallet services. The relatively new platform business, including Talk Biz, Portal Biz and New Business, ra
May 6, 2021
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KT to form AI lab with IBM Korea and Woori Bank
KT Corp., a South Korean telecom giant, said Thursday it has formed business ties with IBM Korea and local major banking firm Woori Bank to develop artificial intelligence (AI) technology for financial services. The three will establish an AI lab to develop new services, such as an AI-based language model specifically designed for the financial sector and an asset management system that uses AI technology to make quick and accurate market predictions, according to a statement from the telecom o
May 6, 2021
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Samsung to maintain 3rd spot in hearables market in 2021: report
Samsung Electronics Co. is expected to stay on as the world's third largest vendor of true wireless stereo (TWS) products, including wireless earbuds, for this year as competition heats up in the fast-growing hearables market, a report showed Thursday. Samsung's market share in 2021 was estimated to stay unchanged at 7 percent and sit behind its rivals Apple Inc. and Xiaomi Corp., according to market tracker Counterpoint Research. The South Korean tech giant, which makes Galaxy Buds in-ear dev
May 6, 2021
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COVID-19 self-test kits to hit local convenience stores shelves
COVID-19 self-test kits developed by local companies are available at convenience stores here, startubg Wednesday. GS Retail announced Wednesday that the company’s convenience store chain GS25 would begin the sale of COVID-19 self-test kits at around 2,000 locations nationwide, the South Korean retail company said. They products would be also available at the company’s grocery store chain GS Supermarket and health and beauty chain Lalavla, starting on Friday. There are two produ
May 5, 2021
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[Herald Interview] AI inevitable force to shape education: Riiid
Education has always been slow to adopt new technologies. But with the COVID-19 pandemic and schools forced to move online over infection risks, the time has finally come for it to embrace the artificial intelligence. “COVID-19 is making AI inevitable,” said David Yi, an executive from Riiid, a Seoul-based AI education startup said in an interview with The Korea Herald. “In the US, students are all off campus, students are disengaged and are falling behind. How do we help thi
May 5, 2021
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US trade court lifts import ban on Daewoong’s Nabota
The US International Trade Commission has lifted a 21-month ban on the sale of Daewoong Pharmaceutical’s botulinum toxin product Nabota, or Jeuveau, in the United States, according to an announcement from Medytox on Tuesday. The decision allows Evolus, a US partner of South Korea’s Daewoong, to resume sales of Nabota in the US, after a legal battle between Medytox and Daewoong over misappropriation of trade secrets. The dispute between the two Korean pharmas, Medytox and Daewoon
May 4, 2021
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Samsung's presence in smartphone chipset market to decline in 2021: report
Samsung Electronics Co. is expected to lose its share in the smartphone chipset market this year, a report showed Tuesday, as Taiwanese and US rivals are to expand their presence with a rise in the 5G device sector. Samsung was estimated to take an 8 percent share in the global smartphone application processor (AP)/System on Chip (SoC) market in 2021, down 11 percent from a year earlier, to take the fourth spot, according to a report from industry tracker Counterpoint Research, The South Korea
May 4, 2021
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SK Telecom to cancel W2.6tr worth of treasury shares
SK Telecom Co., South Korea's largest mobile carrier, said Tuesday it has decided to cancel 2.6 trillion won ($2.32 billion) worth of treasury shares, over 10 percent of its total floated stocks, in a move to boost shareholder value amid plans to split into two companies later this year. The telecom operator said in a statement that it would retire 8.69 million treasury stocks, or 10.8 percent of its total issued stocks, by Thursday. The cancellation would reduce SK Telecom's total floated sto
May 4, 2021
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S. Korea's development of novel drugs lags behind others
A total of 40 novel drugs were approved by Seoul‘s pharmaceutical authorities in 2020, but none were developed by South Korean companies, according to a survey released by the Ministry of Food and Drug Safety on Monday. According to the Korean drug safety agency, local companies failed to introduce novel drugs domestically for the second consecutive year. In 2018, there were two novel drugs developed by local pharmaceutical companies that received approvals from the agency. “Laun
May 3, 2021
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Celltrion's COVID-19 test kit receives conditional approval in Korea
South Korea‘s pharmaceutical giant Celltrion announced Monday that the company has received a conditional approval for its COVID-19 test kit DiaTrust from the country‘s drug safety agency. DiaTrust, developed jointly by Humasis and Celltrion, is an antigen test kit that can detect the most recent COVID-19 variants from the UK and Brazil. The test kit uses a sterile nasal swab which can identify specific antigens of COVID-19 present in specimens collected from the nasal cavity within
May 3, 2021
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LG U+ to launch 5G-based solutions for local seaports
LG U+ has set up a crane remote control system at Busan Port and aims to commercialize 5G network-based solutions for automated seaport infrastructure management, the company said Sunday. The yard cranes at Busan Port are controlled remotely by an operator in an office, using the control system developed by the South Korean telecommunications firm. The tall cranes, equipped with sensors and high-definition cameras, are designed to send live feeds to a control room via the 5G network. The so
May 2, 2021
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LG Uplus on lookout for automated seaports with 5G tech
BUSAN -- A towering shipyard crane nimbly moves over stacks of cargo crates at a terminal in Busan Port, South Korea's largest seaport 453 kilometers southeast of Seoul, to snatch a container box and gently load it onto a truck. While the scene is business as usual for the bustling port that processed over 410 million tons of cargo last year, the crane is unusual in that its driver's seat -- 25 meters off the ground -- is empty. The over 20-year-old industrial machine runs in semi-autonomous m
May 2, 2021
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S. Korea begins reviewing 1st blood plasma therapy for COVID-19
South Korea's drug safety agency said Friday that it has begun reviewing a plasma therapy treatment against the novel coronavirus by local biotech company GC Pharma for conditional approval. The plasma therapy, dubbed GC5131A, is a type of hyperimmune globulin drug that uses blood plasma taken from people who have fully recovered from COVID-19, according to the Ministry of Food and Drug Safety. If approved, the investigative drug will be the country's first blood plasma cure for the deadly d
April 30, 2021