Most Popular
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[Exclusive] Korean military set to ban iPhones over 'security' concerns
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Korean, Romanian leaders discuss defense tech, nuclear energy
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[Graphic News] 77% of young Koreans still financially dependent
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S. Korea calls on Japan to confront history amid Yasukuni Shrine visit
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Yoon’s jailed mother-in-law excluded from latest parole list
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Hybe and Min Hee-jin, CEO of Hybe sublabel Ador, lock horns
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[Pressure points] Leggings in public: Fashion statement or social faux pas?
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Yoo Jae-suk, Yoo Yeon-seok team up in 'Whenever Possible'
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Korea’s homegrown nanosatellite successfully launches into space
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Aging population to drive down Korea's housing prices from 2040: experts
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[Weekender] Electric personalities: New breed of influencers
Not content with stopping at fast-food tills, toll booths and bank tellers, tech is coming for influencers’ jobs, too. A new wave of artificial intelligence-created digital characters has leapt across the uncanny valley -- the chasm in appeal for renderings that are unsettlingly, but not convincingly lifelike -- and risen to the fore of the marketing world, in some cases clinching deals worth millions of dollars. Korean companies have developed their own virtual influencers, but they a
July 24, 2021
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Merck launches cost-effective, eco-friendly solvent for chip production
German material technology company Merck said Friday it has developed a new lineup of green solvents for use in photolithographic processes in semiconductor manufacturing. The new solvent lineup is called AZ 910 Remover, which according to the firm is N-methylpyrrolidone-free solvent designed for faster dissolution of photoresist patterns in a cost-effective and greener way with its outstanding resist-dissolution performance. Semiconductor production facilities traditionally use negative
July 23, 2021
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Samsung sees sales of air conditioners double amid heatwave
Samsung Electronics said Friday its sales of air conditioners have more than doubled so far this month, compared to a year ago, due to the sweltering heat. From July 1 to 22, the company saw its sales of air conditioners spike more than twice from the same period in 2020, the company said. Sales of Bespoke Wind-free Gallery, the company’s highest-end air conditioner, have jumped more than 95 percent in July compared to a year earlier. To further drive sales, Samsung is offering up to
July 23, 2021
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[Newsmaker] August critical month for Samsung and its leader
Expectations are high that Samsung Electronics, which for months deliberated on a new, $17 billion US investment plan, may finally be ready to make an official announcement in August. According to industry sources on Friday, Samsung is accelerating the internal process for concluding its plan to construct a new chip fabrication line for foundry in the US. Some news reports said Thursday that the City of Austin in Texas, where the South Korean firm already has a chip plant up and running, is
July 23, 2021
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Naver posts all-time high quarterly earnings in Q2
South Korea‘s top internet portal operator Naver reached all-time highs in the second quarter this year, backed by improved performances of the company’s new businesses. According to Naver, the company’s sales in the April-June period reached 1.66 trillion won ($1.44 billion), increasing 30.4 percent from 1.2 trillion won from a year earlier. In the second quarter last year, Naver’s sales totaled around 1.9 trillion won, but 680 billion won of the total sales was from
July 22, 2021
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Merck starts mass production of OLED material for smartphones
Merck, the cutting-edge material developer from Germany, said Thursday the company has started mass production of hole transport materials for organic light-emitting diode displays used in smartphones. Better known as HTM, the material is applied to common layers of OLED panels, and helps improve the efficiency and lifespan of panels, the company said. Merck, which has been supplying the material for Korea’s largest OLED panel maker LG Display for large-size displays, will expand its
July 22, 2021
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Telcon RF obtains approval for safety test of Humanigen's COVID-19 treatment
Telcon RF Pharmaceutical has received approval to carry out a phase 1 clinical study of Humanigen‘s COVID-19 treatment lenzilumab in South Korea, the company said Thursday. Lenzilumab is a monoclonal antibody drug developed by Humanigen for treating hospitalized patients with COVID-19. Telcon RF and its parent company KPM Tech are responsible for gaining regulatory approval and commercialization authorization of lenzilumab in South Korea and the Philippines, under the licensing transact
July 22, 2021
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[Herald Interview] Group14 CEO eyes batteries of tomorrow
What battery manufacturers want is simple: to make their batteries more powerful. To this end, battery makers are taking various efforts to innovate their recipes, including putting more nickel inside cathodes or silicon in graphite anodes. They also form technological partnerships, and the latest example is the joint venture created by SK Materials and Group14 Technologies. On Monday, SK Materials, SK Group’s industrial gas manufacturing arm, announced its $52 million investment i
July 22, 2021
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SK Telecom eyes sharing 3G network with rival carrier
SK Telecom Co., South Korea's top wireless carrier, is reviewing measures to share its 3G network with a rival carrier amid declining users on the aging service, a company report showed Thursday. The carrier said in its annual sustainability report that it is considering measures to share its 3G network with a "competitor" as a way to offset operating costs amid a declining user base. "Demand for 3G is declining while network operating costs for 3G remain still," its Englis
July 22, 2021
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SK hynix's acquisition of Intel's NAND biz gets approval from Singapore
Singapore's antitrust watchdog has approved SK hynix Inc.'s deal to acquire Intel's NAND business, the company said Wednesday. Last October, South Korea's No. 2 chipmaker signed a deal to buy Intel's non-volatile business for $9 billion, which includes the U.S. firm's solid state drive business and a NAND flash chip plant in Dalian, China. Following the deal, SK hynix had to obtain approval from antitrust regulators in major countries. The Competition and Consumer Commission of Singapore clea
July 21, 2021
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Korea’s ‘3N’ game heavyweights face gloomy Q2 earnings
South Korea’s “3N” game developers -- NCSoft, Nexon and Netmarble -- are estimated to have suffered disappointing earnings in the second quarter, hurt by a slew of negative developments amid the deepening distrust of players, brokerages and industry sources said. The gloomy earnings outlook came as NCSoft and Nexon did not produce notable hits in the April-June period, and with Netmarble’s much-anticipated mobile title Cross Worlds yet to contribute to the company&rsquo
July 21, 2021
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Samsung to hold ‘Unpacked’ event on Aug. 11
Samsung Electronics announced Wednesday that the company will hold the annual “Unpacked” on Aug. 11. The event, titled “Get ready to unfold,” will stream live on the company’s official channel on YouTube, at 11 p.m. local time, according to Samsung Electronics. The company has also uploaded a trailer that provides a glimpse into the company’s latest foldable devices, the Samsung Galaxy Z Flip3 and Galaxy Z Fold3, which the company is expected to further
July 21, 2021
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GC Pharma partners with Speragen to develop first in class drug for a rare disease
South Korean biopharmaceutical firm GC Pharma has partnered with US-based biotech firm Speragen to develop a cure for a rare disease, according to the company, Tuesday. According to GC Pharma, the two companies will develop an enzyme replacement therapy for a rare disease called succinic semialdehyde dehydrogenase deficiency, which currently has no treatment. The two companies aim to start preclinical studies this year and phase 1 and 2 clinical trials during the second half of 2023. Under
July 20, 2021
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Samsung Bioepis begins late stage clinical trial of ustekinumab biosimilar
Samsung Bioepis said Tuesday that the company has started a Phase 3 clinical trial for its ustekinumab biosimilar candidate, SB17. SB17 is the the South Korean biopharmaceutical company’s 10th biosimilar pipeline. The reference ustekinumab product is Stelara, a prescription medicine developed by Johnson & Johnson’s pharmaceutical unit Janssen, used to treat patients with plaque psoriasis, psoriatic arthritis, Crohn’s disease and ulcerative colitis. First approved in 20
July 20, 2021
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Google delays enforcing a new in-app commission policy amid growing concerns
Google has decided to postpone the application of a 15-30 percent cut on in-app purchases of digital content via its Play Store from late September this year to March next year, amid growing complaints from independent developers and content creators. The move comes as Korean legislators are pushing for a revision to the law aimed at blocking Google from enforcing such a mandatory commission policy on all in-app purchases made by local users. It is not the first time Google has changed the s
July 20, 2021
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S. Korea to create think tank for space program
South Korea's science ministry said Tuesday it will create a space policy-oriented think tank in a move to bolster its space development ambitions. The country has recently ramped up its space program, with its first homegrown space rocket set for a launch in October and a lunar orbiter program scheduled for next year. The Ministry of Science and ICT said the new think tank, tentatively named the Korea Space Policy Research Center, will conduct space-related research and analysis to offer guid
July 20, 2021
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Samsung to up the ante with new foldable phones
With the absence of a new Galaxy Note series model, Samsung Electronics is poised to steer its marketing and sales resources toward its next-generation foldable smartphones to outsmart its archrival Apple, which is set to launch a new iPhone later this year. Samsung used to release its Note series model targeting those who wanted a dedicated stylus and upscale features ahead of Apple’s annual iPhone launch. This year, however, Samsung has not rolled out a new Note due to chip shortages.
July 19, 2021
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CJ OliveNetworks to provide big data and AI tech for small businesses
CJ OliveNetworks, the information technology solution developer of CJ Group, will share its expertise in big data and artificial intelligence with small and medium businesses and startups, the company said Monday. The CJ affiliate is participating in the South Korean government’s Data Voucher Support Project, which is part of the government’s Digital New Deal Initiative. The project aims to invigorate the big data ecosystem for small and mid-size enterprises across the country. S
July 19, 2021
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LG Electronics releases new compact sound bar
LG Electronics Inc. said Monday its new compact sound bar will be available in the market as the South Korean tech giant eyes to beef up its presence in the home audio market. LG Eclair will be launched in North America later this month and will hit the shelves in major European and Asian countries. In South Korea, the premium sound bar comes with a price tag of 899,000 won ($790). The latest product, which was honored at this year's Consumer Electronics Show, is about one-third the size of a
July 19, 2021
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S. Korea exports of antibody test kits increase for second consecutive month
South Korea‘s exports of antibody test kits increased for two consecutive months this spring, according to the Korea Customs Service’s data, Friday. Exports of COVID-19 test kits, however, are expected to decrease in the future due to international vaccination efforts, local industry sources alerted. The country‘s exports of antibody test kits in June marked $353.3 million, up 12.7 percent from $313.5 million in May, according to the data. South Korea’s exports of re
July 16, 2021