Most Popular
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[AtoZ into Korean mind] Humor in Korea: Navigating the line between what's funny and not
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Yoon seeks rebound, taps 5-term lawmaker as chief of staff
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Medical standoff deepens as doctors reject new med school plan, talks
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N. Korea says Kim guided simulated nuclear counterattack drill
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[Herald Interview] Why Toss invited hackers to penetrate its system
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S. Korean envoys convene to navigate strategy amid Middle East tensions
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[Graphic News] 77% of young Koreans still financially dependent
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North Korea fires several short-range ballistic missiles into sea: JCS
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Samsung, SK hynix investors dump shares on Nvidia crash
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Suspect in murder of girlfriend's mugshot, name made public
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Korea’s startups minister meets with LVMH chief at Paris tech show
South Korea’s Minister of SMEs and Startups Lee Young met with Bernard Arnault, chairman of French luxury goods conglomerate LVMH Group, to exchange opinions on possible collaboration between Korean startups and LVMH brands, the ministry said Friday. The minister was visiting Paris to attend the Viva Technology 2023, one of the largest startup and tech events held in Paris from Wednesday through Saturday this week. During the event, she met with several executives from French companies to
June 16, 2023
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[Contribution] Korea’s green leadership shines in combating desertification, land degradation
By Nam Sung-hyun Minister of the Korea Forest Service The United Nations General Assembly designated June 17 as "World Day to Combat Desertification and Drought" in December 1994. The annual UN observance day aims to raise awareness of global efforts to combat desertification, land degradation and drought. In 2023, the UN day holds special significance for Korea, as this year commemorates the 50th anniversary of Korea's national reforestation plan launched in 1973. Land and fore
June 16, 2023
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Top chaebol groups search for breakthrough strategies
Major conglomerates are holding management meetings to review their performance in the first half of the year and to discuss strategies to avoid crisis in the remaining half of 2023. SK Group, South Korea's second largest conglomerate group by revenue, held the 2023 Extended Management Meeting on Thursday, gathering top executives of its affiliates to discuss the group's action plans for the second half of the year, and to share their long-term visions. SK Chairman Chey Tae-won attende
June 15, 2023
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US likely to extend exemptions for Korean chip production in China
South Korean chipmakers would be able to continue operating and upgrading their chip manufacturing plants in China, as the US is reportedly considering to extend the exemption on export controls against China. US Undersecretary of Commerce for Industry and Security Alan Estevez told an audience at an industry gathering last week that the government aims to extend exemptions for South Korean and Taiwanese chip suppliers with their facilities in China, according to a report by the Wall Street Jour
June 14, 2023
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[KH explains] Parents turn to growth hormone to give their children an edge
South Korea’s growth hormone deficiency treatment market has seen stunning growth in recent years, particularly with growing interest in children’s height among parents here. “I heard that there are three things that moms in Daechi-dong (Seoul’s infamous private education district) do for their children these days: teeth straightening, squint eye correction and growth hormone treatment,” a 36-year-old working mom living in Gyeonggi Province said on condition of anon
June 14, 2023
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More flexible workweeks at Samsung, large firms
Samsung Electronics said Tuesday it is introducing more flexible working hours by allowing employees to take one Friday off per month. Keen attention is being paid to the brand new working hour scheme launched by the nation’s largest company by sales, renewing discussions about the idea of a four-day workweek, two decades after a five-day workweek was introduced back in 2002. Samsung’s new policy will be applied to all employees who fulfill the required work hours of 160 to 168 hours
June 13, 2023
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Samsung, SolarEdge team up for net-zero homes
Samsung Electronics said Tuesday it was teaming up with Israeli firm SolarEdge Technologies, the world's leading solar smart inverter company, to promote carbon-neutral homes. Under the new partnership, Samsung has established a foothold for expanding its SmartThings Energy business in Europe. Samsung has previously cooperated with global solar firms including Hanwha Q Cells, SMA Solar Technology and Maxeon Solar Technologies, the company said. “We will continue to cooperate with vari
June 13, 2023
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[KH explains] K-beauty's US gambit pays off amid sagging China sales
Amid dwindling sales in China, South Korean beauty companies are pivoting away from the lucrative market and decamping for greener pastures in the US. Industry watchers say the strategic shift in K-beauty companies comes due to a slew of reasons -- the rising demand for K-beauty products in the US, growth in China’s own cosmetics industry and increasingly nationalist consumers in China. But they also agree China is still “too big to ditch.” Stellar growth in US Korea is one
June 12, 2023
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Ex-Samsung exec arrested for leaking chip tech to China
A former executive of Samsung Electronics has been taken into custody for leaking the tech giant’s confidential business information to build a copycat semiconductor manufacturing plant in China, a local prosecutor’s office said Monday. In a press conference, the Suwon District Prosecutors’ Office revealed it has arrested the 65-year-old former executive of Samsung for violating the Prevention of Divulgence and Protection of Industrial Technology Act and the Unfair Competition
June 12, 2023
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Samsung's chip division to introduce custom AI Services for employees
Samsung Electronics reportedly plans to launch an in-house artificial intelligence-based service for internal use this year amid security concerns raised over OpenAI’s highly-advanced chatbot ChatGPT, according to industry sources on Sunday. Sources on condition of anonymity said the company’s co-CEO Kyung Kye-hyun, who oversees the tech giant’s chip business, recently unveiled the plan during a recent lecture attended by Samsung executives and employees. During the lecture, Ky
June 11, 2023
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Hahn & Co. to acquire medical device maker Lutronic
South Korea’s largest private equity firm, Hahn & Company, announced Friday it has signed a definitive agreement with Lutronics jointly to launch a tender offer for all remaining shares of the Korean medical device maker, worth 957 billion won ($735.9 million). Lutronic, established in 1997, has been expanding its global presence supplying aesthetic medical devices in overseas markets, according to Hahn & Co. In 2022, Lutronic reported sales of over 264 billion won in 2022, with 40
June 9, 2023
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South Korea joins world's 1st digital trade pact to boost exchange
South Korea has become the fourth country to join the world’s first multilateral digital trade agreement, the Digital Economic Partnership Agreement, to boost its digital content and service exchange, the Trade Ministry said Friday. Trade Minister Ahn Duk-geun met with his counterparts from the three DEPA member states -- Singapore, New Zealand and Chile -- on the sidelines of their Organization for Economic Cooperation and Development ministerial council meeting in Paris, to finalize the
June 9, 2023
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SK hynix begins mass production of industry's highest-layer-count NAND chips
SK hynix, the world’s second-largest memory chip maker, said Thursday it has begun mass production of its 238-layer 4D NAND Flash memory, boasting the industry's highest layer count and widening the technological gap with its rivals. The chipmaker said it has also begun product compatibility tests with a global smartphone manufacturer. When completed, it will begin supplying the 238-layer NAND product for smartphones, and expand usage across its product portfolio, such as Peripheral C
June 8, 2023
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LG CNS, Honeywell team up for smart factory
Information technology service provider LG CNS said Wednesday it signed a deal with US tech conglomerate Honeywell to spur innovation in the smart factory industry. Smart factories are digitized factories that depend on device connection, machinery and production systems to collect and share data for the optimization of manufacturing and supply chain management. They involve various innovative technologies such as artificial intelligence and cloud computing. The two companies agreed to work toge
June 7, 2023
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Samsung picks Seoul to unveil new foldable phones for 1st time
Samsung Electronics, the world’s No. 1 smartphone maker by shipment, said Wednesday it will unveil its new foldable smartphone series in Seoul for the first time, in the “beating heart” of the company’s dynamic growth worldwide. The upcoming Galaxy Unpacked event will be held at Coex convention center in Samseong-dong, Gangnam, on July 26. Samsung has advanced the launch schedule from the usual August to July, a move which would likely affect the company’s third-qua
June 7, 2023
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Samsung’s Exynos processor to power Hyundai’s in-car infotainment systems
Samsung Electronics said Wednesday that its latest automotive processor, the Exynos Auto V920, will be supplied to Hyundai Motor’s next-generation in-vehicle infotainment systems, a first chip collaboration between the nation’s top two companies. “We are thrilled to be collaborating with Hyundai Motor, a prominent global mobility manufacturer, and we anticipate that this partnership will further solidify our position in the automotive infotainment space,” said Jae Geol Py
June 7, 2023
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Samsung’s iconic Frankfurt declaration marks 30th anniversary
Samsung Electronics, the world’s leading smartphone and chip maker, on Wednesday marks the 30th anniversary of the late former chairman’s iconic New Management Initiative, which is widely considered to have led the then consumer appliance firm towards becoming a global tech powerhouse. Three decades ago, Samsung late former Chairman Lee Kun-hee convened an executive meeting in Frankfurt, Germany for three days, during which he urged a drastic change in management. "If you are to
June 6, 2023
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S. Korea's 5G users top 30m in April: data
The number of smartphone users on 5G mobile networks had topped 30 million as of April for the first time since the service was commercialized in 2019, data showed Tuesday. The total number of 5G users reached 30.02 million in April, accounting for 38.1 percent of the total 78.79 million mobile subscriptions in the country, according to the data from the Ministry of Science and ICT. SK Telecom Co., the country's largest mobile carrier by subscriptions, had the most 5G users at 14.35 million
June 6, 2023
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Celltrion, Rani team up to develop oral Humira biosimilar for arthritis
South Korea's biopharmaceutical company Celltrion announced Monday that the company will cooperate with the US biotech firm Rani Therapeutics to develop an oral version of the Humira biosimilar CT-P17. CT-P17, also known as Yuflyma, is a high-concentration, low-volume and citrate-free biosimilar of Humira, an injectable treatment for rheumatoid arthritis and other autoimmune conditions, developed by AbbVie. Celltrion received the US Food and Drug Administration's approval for the injec
June 5, 2023
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Daewoong seeks global expansion of Fexuprazan
South Korean drugmaker Daewoong Pharmaceutical said Monday that it is in talks with multinational pharmaceutical companies to carry out clinical trials of Fexuprazan, its new gastroesophageal reflux disease treatment, in key markets such as the US, Europe and Japan. The announcement comes after Daewoong ended its partnership with US biotech firm Neurogastrx on the same day. Earlier in June 2021, Daewoong signed an agreement to license out Fexuprazan to the US biotech firm. Under the contract wor
June 5, 2023