Most Popular
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Ador CEO denies allegations, accuses Hybe of mistreating NewJeans
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10-man S. Korea lose to Indonesia to miss out on Paris Olympic football qualification
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Medical reform committee kicks off despite boycott from doctors
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Hybe-Ador feud should have limited effect on Hybe's overall performance: analysts
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Second Gimpo civil servant found dead, after apologizing for not finishing work
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DP leader says he will meet Yoon without conditions
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Over 9,000 hotline calls made by stalking victims in 2023
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Monthly users on local streaming platforms outpace Netflix, Disney+
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[Hello India] Hyundai Motor vows to boost 'clean mobility' in India
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Seoul to promote luxurious side of the city
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S. Korea's logic chip capacity to further shrink as US expands: report
South Korea's capacity share in the advanced logic chip market is likely to decline further down the road, a report showed Friday, as the United States pushes to beef up its presence by attracting more global semiconductor firms to build factories on its turf. South Korea was expected to represent 20 percent of global wafer capacity of 10-nanometer (nm) and below nodes this year to rank second in the sector, but its share was projected to decline to 19 percent in 2025 and 17 percent in 2027 to
May 14, 2021
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Samsung expands blockchain support on Galaxy smartphones
Samsung Electronics Co. said Friday it has expanded support for blockchain users trading virtual assets on its Galaxy smartphones amid rising interest in cryptocurrencies. The South Korean tech said its latest update will allow users to easily manage their transactions by importing their virtual assets stored on select cold hardware wallets to the Samsung Blockchain Wallet available on most Galaxy smartphones. "Support for hardware wallets provides Galaxy blockchain with a consistent user
May 14, 2021
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Biotech firms could expand partnerships with US vaccine makers: reports
South Korean biotech and pharmaceutical companies could expand their partnerships with COVID-19 vaccine providers in the US, as an upcoming bilateral summit between leaders of the two countries could serve as a meeting ground, according to local news reports on Thursday. The reports said executive members of Samsung Group and SK Group could meet with Moderna and Novavax to discuss potential contract manufacturing deals, when they visit the US as part of a large-scale delegate that would join P
May 13, 2021
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Samsung SDS simplifies freight shipping like online shopping
Samsung SDS on Thursday introduced Cello Square 4.0, a digital logistics platform that makes air and ocean freight shipping as easy as online shopping. According to the IT solutions unit of Samsung Group, the new platform, set for launch in August, is designed to support export activities of small and mid-sized companies who lack experience in large-scale shipping. “When clients export big cargo or a large amount of goods from point A to point Z, they have difficulties in finding the r
May 13, 2021
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Seoul sets out to protect chip prowess
South Korea on Thursday announced a sweeping set of new government policies aimed at safeguarding and further expanding the country’s prowess in chips, which include the most generous tax credits ever given to chipmakers -- up to 50 percent. The chip manufacturers, led by Samsung Electronics and SK hynix, responded to the support package by committing investments of over 510 trillion won ($458.1 billion) in total over the next 10 years. Samsung unveiled plans to spend 171 trillion won on
May 13, 2021
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Samsung, LG to provide paid vaccine leave
Samsung Electronics and LG Group decided Wednesday to offer paid leave to workers who receive a COVID-19 vaccine shot following health authorities' recommendation. Samsung's decision came one day after its labor union requested paid time off for COVID-19 vaccinations. Employees who take a day off to get vaccinated will be paid for that day. If an employee shows signs of side effects after the shot, the company will then grant paid leave for two more days. The union had demande
May 12, 2021
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6 out of 10 people in S. Korea worried about side effects of COVID-19 vaccines
More than 6 out of 10 South Koreans feel unsafe taking the COVID-19 vaccines being rolled out in the country, compared with fewer than 3 in 10 in the UK, a global survey has found. According to the comparative study conducted by Cigna, an international health care and insurance company, some 64 percent of 1,031 people surveyed in Korea answered that they were worried about the side effects of the jabs available in the country. This was slightly higher than the global average of 62 percent.
May 12, 2021
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Samsung’s Bespoke appliances make global debut
Samsung Electronics will start rolling out Bespoke home appliances in the United States, Europe and Southeast Asian countries, aiming to duplicate the success of the colorful and customizable brand overseas. The South Korean tech giant unveiled flagship packages of its Bespoke refrigerators, washing machines, dryers, clothes care systems and wireless vacuum cleaners, differently created for each market, considering specific needs of customers in each region. Bespoke comes in over 20 orig
May 12, 2021
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Samsung unveils first CXL-based DRAM, sets new standard
Samsung Electronics on Tuesday unveiled the industry’s first DRAM module which supports the new Compute Express Link (CXL) interconnect standard, a new technology that can enhance the performance of data centers or cloud servers. Samsung has integrated its double data rate 5 (DDR5) technology with the CXL-based module, enabling server systems to significantly scale memory capacity and bandwidth. The CXL is a new interface that can efficiently connect different types of devices that use a
May 11, 2021
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[Herald Interview] From textile to advanced biochemicals, Ventex expands, evolves
Founded in 1999 as a textile company in South Korea, Ventex took a risk and ventured into uncharted territory, and fortunately, that paid off. The company, which used to produce chemical materials for functional textile products, now makes antibacterial biochemical materials with a much wider range of applications, including hand sanitizer, cosmetics, textbooks, paints and sanitization and deodorization solutions. Behind the dramatic transformation was sustained investment in research and de
May 11, 2021
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Small but mighty, Ventex bets future on nano-materials
Ventex started off in 1999 as a tiny textile developer. Through a relentless search for new materials using nanotechnology, the Seongnam, Gyeonggi Province-based company is now building its global presence as a biochemical company. According to founder and CEO Go Gyeong-chan, the company is on course to achieve 34.8 billion won ($31.2 million) in sales this year, which is expected to more than double to 73.5 billion won next year. Driving the growth are disinfection and sanitization produc
May 11, 2021
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Celltrion in talks with Mideast officials to export COVID-19 treatment
South Korean pharmaceutical giant Celltrion said Tuesday that the company has submitted marketing approval applications for the company’s COVID-19 treatment to health authorities in several countries in the Middle East. The countries include Saudi Arabia, United Arab Emirates, Jordan, Iraq and Morocco. Celltrion’s announcement on Tuesday followed a day after the company said it landed its first overseas supply deal to export 100,000 vials of Regkirona to Pakistan. Celltrion expects
May 11, 2021
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[Herald Interview] Cosmetic surgery review app aims to capitalize on K-beauty boom
When walking into a restaurant, people usually have a sense about how expensive the food would be. But when it comes to cosmetic surgery clinics here, it is a different story. Not many -- perhaps none -- openly display the price of their services or procedures, not to mention the specs of medical equipment they use. “Say that I want to receive a skin toning laser treatment and there are two hospitals. One uses equipment that costs 200 million won (about $180,000), and the other uses o
May 10, 2021
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Celltrion to export COVID-19 treatment to Pakistan
South Korean pharmaceutical giant Celltrion clinched the first overseas supply deal for its COVID-19 antibody treatment Regkirona, according to Celltrion Healthcare’s announcement on Monday. Celltrion Healthcare, which is in charge of Celltrion‘s overseas business, signed a contract with a state-run company in Pakistan to export 100,000 vials of Regkirona, enough for around 30,000 people. The firm will dispatch its experts to Pakistan to train medical workers who will administer t
May 10, 2021
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Advisory panel gives nod to Moderna vaccine
A panel of medical experts here gave a nod to US pharmaceutical company Moderna’s COVID-19 vaccine, according to the Ministry of Food and Drug Safety, Monday. The advisory panel’s review is the first of the three-stage evaluation process before South Korea gives final approval. The next stage of the evaluation is scheduled on Thursday. If finally approved, Moderna’s COVID-19 vaccine would become the fourth COVID-19 vaccine to receive an approval from the South Korean govern
May 10, 2021
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SK hynix promises more efforts to cut carbon emissions
SK hynix, the world’s second-biggest memory provider, vowed Monday to make more efforts to cut greenhouse gas emissions. The pledge was made alongside the chipmaker’s announcement of its social value figures for 2020. Since 2019, major affiliates of SK Group have been quantifying the values they created in three areas of “indirect contribution to the economy,” “social performance,” and “social contribution.” SK hynix put its indirect con
May 10, 2021
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Naver, SNU to form 100-strong AI research arm
Naver, South Korea’s largest portal site, said Monday that the company will create a joint research arm with Seoul National University to delve into the field of artificial intelligence. The two sides held an online signing ceremony, agreeing on the need for research on Korean-based AI and the establishment of the SNU-Naver Hyperscale AI center. Around 100 AI researchers from Naver and the university will take part in the project for the next three years. The cooperation aims to de
May 10, 2021
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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