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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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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Samsung mocks Apple over iPhone alarm glitch
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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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Speaker floats dual citizenship as solution to falling births
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ASML CEO hints at adding 1,000 more jobs in Korea by 2029
Netherlands-based lithography equipment maker ASML is poised to add at least 1,000 more jobs in South Korea by the end of 2029, ASML CEO Peter Wennink said in a conference in Seoul Wednesday. The move will bolster its partnership with Korean semiconductor chip makers, including Samsung Electronics and SK hynix, the key clients for ASML’s extremely expensive lithography machines that are crucial for cutting-edge chip production. “This decade, we will add at least 1,000 people more
Feb. 9, 2022
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Google files lawsuit against S. Korean regulator to overturn fine
Google has filed a lawsuit against South Korea's antitrust regulator to overturn the regulator's decision to fine the global technology giant for pressing smartphone makers into only using its Android mobile operating system, sources said Wednesday. The legal action by Google against the Korea Fair Trade Commission (KFTC) came after the KFTC decided in September last year to fine Google 207.4 billion won ($173 million) for obstructing local smartphone makers, such as Samsung Electronic
Feb. 9, 2022
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Krafton debuts virtual humans for metaverse platform
Gaming giant Krafton said Tuesday it has released artificial intelligence-based virtual human characters, who will appear as hyperreal game show hosts and virtual friends on the metaverse platform. The virtual human characters show human-like skin and hair, facial expressions and eye movements, according to the company. In Krafton’s virtual human demo video, a female character shows realistic wrinkles on her nose, forehead and around her eyes as she squints. “Unlike other local ga
Feb. 8, 2022
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LG CNS, AWS bolster ties on corporate cloud service
LG CNS said Tuesday it has signed a strategic agreement with cloud giant Amazon Web Services to expand cloud services for corporate clients. Under the agreement, the two companies aim to meet demand for application modernization, by updating old software and modernizing their computing platform for clients in the fields of finance, manufacturing and e-commerce. Clients will be encouraged to build cloud-native applications independently to optimize their applications on cloud infrastructure pr
Feb. 8, 2022
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S. Korea to invest W12b in developing 100-ton liquid engine
South Korea plans to invest 12 billion won ($10 million) in developing high-performance, liquid-fuel engines by next year to ramp up the country's decadelong space project, the ICT and science ministry said Tuesday. In 2020, South Korea unveiled the "Space Challenge" program with the aim of investing 49.6 billion won until 2028 to secure future technologies and leadership in the space industry in 2030. Of the total, the ministry has set aside a budget of 4.5 billion won this year and
Feb. 8, 2022
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KT to join submarine cable project connecting Asia
South Korean telecommunication firm KT announced Monday plans to take part in a new 9,000-kilometer subsea cable project reaching six countries in East Asia and Southeast Asia, as an owner and operator. With the new project, KT aims to meet a growing corporate demand for greater connectivity to achieve digital transformation. KT signed a memorandum of understanding with real estate consulting firm Savills Korea on Monday to launch and operate the submarine cable, connecting six countries --
Feb. 7, 2022
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NextRise 2022, Seoul to kick off in June
NextRise 2022, Seoul, a global startup conference co-hosted by the Korea International Trade Association and Korea Development Bank, is set to be held in Seoul on June 16 and 17, with aims to connect startups and their potential business partners and spur innovation among them. Launched in 2019, the conference has become Asia’s largest startup fair in terms of the size. Last year’s event attracted some 12,000 visitors from around the world despite the coronavirus pandemic. This y
Feb. 7, 2022
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Samsung’s new gadgets to reuse discarded fishing nets
Samsung Electronics said Monday it plans to reuse discarded fishing nets as a new material for its handset devices as part of its sustainability strategy announced earlier this year. According to the South Korean tech giant, the repurposed ocean-bound plastics, also known as “ghost nets,” will be incorporated in Samsung’s new product lineup under its Mobile Experience division, starting with the new Galaxy devices to be unveiled in the Unpacked event on Feb. 9, at 10 a.m. US E
Feb. 7, 2022
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S. Korean battery makers take up 30.4% of global market share in 2021
The combined global market share of three major South Korean battery makers declined last year from a year earlier, due largely to the growth of their Chinese rivals, data showed Monday. The cumulative market share of LG Energy Solution Ltd. (LGES), SK Innovation Co. and Samsung SDI Co. came to 30.4 percent in the January-December period, down 4.3 percentage points from the previous year, according to market tracker SNE Research. LGES, which supplies electric vehicle batteries to Ford, Tesla
Feb. 7, 2022
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Samsung Electronics may face first labor strike over collapsed wage talks
Samsung Electronics could see its first labor strike in the tech giant’s five decades of history after wage talks with labor unions fell apart. Despite months of back-and-forth deliberation, representatives of the unionized workers filed for an arbitration to Korea’s National Labor Relations Commission, a government agency under the Labor Ministry, on Friday at 3 p.m. The move pushes Samsung and its four labor unions to reach a wage agreement within 10 days, which could lead to a
Feb. 4, 2022
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KT to set up medical checkup centers in Russia with Medsi Group
South Korean communication technology firm KT said Thursday it would join hands with Russia’s Medsi Group to establish health checkup centers in the country, which has been experiencing a lack of access to medical infrastructure for clinical diagnostics. The two companies look to complete a feasibility review of the medical centers in Moscow and Vladivostok within this year, according to KT. The new centers will feature Korean-style health examination services, reflecting Russians‘
Feb. 3, 2022
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S. Korea requires Google, Netflix and 3 others to provide stable online services this year
South Korea's ICT ministry said Thursday it has required tech giants Google, Meta Platforms and Netflix, as well as local rivals Naver and Kakao, to comply with the country's revised law requiring them to provide stable services. In 2020, South Korea passed a legal revision holding online content service providers accountable if they fail to maintain stable services amid growing complaints against streaming giants Netflix and Google after their services experienced outages. The revised law, in
Feb. 3, 2022
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Samsung teams up with Amdocs for 4G, 5G solutions in US
Samsung Electronics will collaborate with US-based software solutions firm Amdocs to deliver fourth- and fifth-generation private wireless network solutions to boost the connectivity of firms in the United States, according to the company Thursday. The partnership will allow the companies to advance wireless communications such as increasing download speed, and to simplify the deployment of 5G-ready Citizen Broadband Radio Service solutions for industries ranging from education to utilities, m
Feb. 3, 2022
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Will supply side issue affect Galaxy S22 launch?
With Samsung Electronics’ Galaxy Unpacked event just a week to go, all eyes are on whether the launch of flagship Galaxy S22 smartphones would be affected by the supply chain bottlenecks. Recent rumors suggested that the smartphones succeeding the S21 lineups -- Galaxy S22, S22 Plus and S22 Ultra -- might be subject to supply side issues, which could delay shipments following the Unpacked event. The marketing materials distributed to mobile carriers in the United States for the S22 and
Feb. 2, 2022
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[Newsmaker] How far have chips come to emulate human brain?
JEONGSEON, Gangwon Province -- New chip technologies could advance to the degree that chips in the future could emulate the human brain in terms of computing speed, density and efficiency, experts said during keynote speeches at the 29th Korean Conference on Semiconductors held in Jeongseon, Gangwon Province Tuesday. However, a technology breakthrough to break the mold is crucial, as achieving large processing capacity and energy efficiency simultaneously is becoming more elusive on the convent
Jan. 31, 2022
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SK hynix logs record revenue of W43tr in 2021
South Korean chipmaker SK hynix announced Friday that its annual revenue surged 35 percent to 42.9 trillion won ($35.6 billion) on-year, a record figure for the company. Operating profit spiked 148 percent to 12.4 trillion won. The record performance was propelled by the robust demand in IT gadgets amid a non-face-to-face trend despite uncertainties posed by supply chain risks, the company explained. The previous record was 40.4 trillion won of revenue in 2018, when the firm benefited from a
Jan. 28, 2022
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LG Electronics home appliance sales beat Whirlpool for 2021
LG Electronics saw its home appliance business set a new record in 2021 with revenues jumping 21.7 percent to 27.11 trillion won ($22.92 billion), outstripping the performance of its US rival Whirlpool that showed net sales of $22 billion, its earnings release showed Thursday. The performance of the business -- dedicated to refrigerators, washing machines, air conditioners and hygiene-related products -- drove LG Electronics‘ overall full-year revenue to an all-time high, at 74.72 trilli
Jan. 27, 2022
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Netmarble to make a big bet on metaverse
South Korean game giant Netmarble said Thursday it will launch metaverse games that allow hyperconnection between the real world and virtual reality, expanding its footing in the fast-growing blockchain industry. “We plan to develop metaverse games that allow users, either individuals or companies, to gain virtual assets that can be exchanged for real assets such as currency through blockchain technology,” said Netmarble Chairman Bang Jun-hyuck. The metaverse concept has been used
Jan. 27, 2022
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Science ministry to set up Korean version of US DARPA
The government will introduce the Korean version of the US‘ Defense Advanced Research Projects Agency this year to accelerate future-oriented research on innovative technology, Science and ICT Minister Lim Hye-sook said Thursday. Adapting the US DARPA model -- creator of the computer mouse, drones, the Internet predecessor Arpanet, GPS, and voice recognition -- the Korean agency will have its own independent rights in operation and budget to lead challenging research and development of n
Jan. 27, 2022
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Taxi sharing to be revived in Seoul after 40 years
Taxi sharing, banned in South Korea for the past four decades, will be revived in a new way in Seoul this week thanks to the development of IT technology, the city government said Thursday. The Seoul government said cab ride-sharing services can be offered legally in the capital starting Friday, when a revision of the taxi industry development law approved last July takes effect. The new law allows only voluntary taxi sharing arranged through online transportation platforms, the government sai
Jan. 27, 2022