Most Popular
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BTS, NewJeans fandoms clash over Hybe-Min Hee-jin conflict
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N. Korea launches missiles in latest show of military, nuclear strength
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High temperatures may worsen mental health conditions: study
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Samsung chief travels to France to encourage young talents
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Korean battery makers zero in on global commercial EV market
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Yoon leaves for Prague to cement nuclear energy push
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N. Korea fires multiple short-range ballistic missiles: JCS
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[Off the Pages] German bestseller gets new twist in ‘Snow White Must Die -- Black Out’
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4th case of lumpy skin disease confirmed in S. Korea
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Main opposition to railroad multiple contentious bills after Chuseok
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Samsung Electro-Mechanics to boost sales of high-end chip substrates
Samsung Electro-Mechanics, the electronic parts manufacturing affiliate of Samsung Electronics, said Sunday it will ramp up the sales portion of high-end flip chip ball grid array (FCBGA) substrates for servers and artificial intelligence to over 50 percent by 2026. FCBGA is a semiconductor package substrate applied to high-performance semiconductors, such as central processing units and graphic processing units for servers and PCs. It can be used in various applications requiring high-performan
Aug. 25, 2024
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[Advertorial] Eximbank, LS Cable to bolster supply chain for rare-earth magnets
The state-run Export-Import Bank of Korea, or Eximbank, on Friday signed a business agreement with the nation's leading cable manufacturer, LS Cable & System, and its Asia-focused subsidiary, LS Eco Energy, to support building a stable supply chain for rare-earth permanent magnets, a key component for electric vehicles and turbines. Under the agreement, the three parties will share business information related to rare-earth permanent magnets and other electric drive system projects and
Aug. 25, 2024
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Hanwha heir makes W54.4b tender offer for Galleria shares
Kim Dong-sun, the youngest heir of Hanwha Group and vice president of Hanwha Galleria, has initiated a public tender offer to increase his control over the retail subsidiary. According to a regulatory filing released Friday, Kim has offered to purchase 34 million shares, representing 17.54 percent of Hanwha Galleria, from Aug. 25 to Sept. 11. The offer price is set at 1,600 won ($1.19) per share, a 23 percent premium over the previous day's closing price of 1,303 won. The filing noted that
Aug. 23, 2024
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Seomjae applies for patents for AI-based learning system
Seomjae, a Seoul-based education solutions developer, announced Thursday that the company applied for three patents for its AI-based learning system earlier this month. One of the patents is an AI technology that automatically analyzes and summarizes online lectures and captures lecturers’ characteristics using a neural network system. The technology can offer personalized data to its users by systematically summarizing lecture content and carrying out an in-depth analysis of the lecturers
Aug. 22, 2024
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Korea unveils trade roadmap to tackle protectionism in mega election year
South Korea has set a goal to secure the most extensive free trade agreement network and to establish a risk management system to handle growing geopolitical uncertainties in a "super election" year, the Industry Ministry said Thursday while announcing the country's new trade policy roadmap. In a ministerial meeting on economic affairs, Prime Minister Han Duck-soo and other ministers reviewed the Yoon Suk Yeol administration's trade achievements of the past two years and intr
Aug. 22, 2024
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SK chief embraces AI for future growth at Icheon Forum
SK Group Chairman Chey Tae-won stressed the importance of adapting business strategies to the evolving AI ecosystem at the closing session of Icheon Forum 2024, SK Group's annual strategy meeting of top executives, which ended Wednesday. "Artificial intelligence presents us with numerous opportunities," Chey said. "Leveraging this trend effectively and embracing change swiftly will be crucial for thriving in the AI ecosystem." The chairman emphasized that while adapting
Aug. 22, 2024
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SK chief, partner ordered to pay W2b to estranged wife
A Seoul court on Thursday ordered SK Group Chairman Chey Tae-won and his live-in partner to pay 2 billion won ($1.50 million) in alimony to his estranged wife and the director of Art Center Nabi, Roh Soh-yeong. The Seoul Family Court ordered in a lawsuit seeking damage, filed by Roh against Chey’s partner Kim Hee-young, who is serving as the chair of T&C Foundation, that the defendant should jointly pay 2 billion won to the plaintiff along with the SK chief. “Based on the submitt
Aug. 22, 2024
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Hana empowers aspiring women leaders
Hana Financial Group is spearheading female empowerment with its program designed to unlock the potential of women's talents and to nurture them as leaders shaping the future of the group. The financial conglomerate, with subsidiaries of a retail bank, credit card and insurance firms, among others, under its wing, said it launched the fourth edition of Hana Waves, an annual in-house program that has nurtured 98 future female leaders since its establishment in 2021. Hana Waves -- Women
Aug. 22, 2024
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Coway outpaces rivals in filter technology
Korean home appliance-maker Coway has retained its No. 1 position in the nation’s water purifier market for almost three decades with its unrivaled filter technology. “Since the very beginning of our water purifier business, we have put intensive effort into enhancing the quality of water filters, one of the key components. Unlike most competitors, we can produce the products' main water filters on our own,” said a company official. With constant efforts to enhance the qua
Aug. 22, 2024
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Samsung, LG showcase next-gen display tech at IMID
Korea's two top display makers Samsung Display and LG Display have won Display of the Year awards at the International Meeting on Information Display conference that kicked off on Jeju Island Wednesday. Having introduced the world’s first stretchable OLED display in 2017, Samsung unveiled another stretchable panel using the micro-LED technology that boasts the highest resolution and elongation rate among the stretchable products on the market. According to the display maker, the lates
Aug. 21, 2024
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[KH Explains] Institutional investors in Korea take slower approach to crypto
Though the introduction of the bitcoin spot exchange-traded funds has paved the way for more institutional investors globally to embrace the cryptocurrency into their portfolios, Korean institutions are still taking a cautious approach. With the US Securities and Exchange Commission approving spot bitcoin ETFs earlier this year, more institutional investors overseas, from hedge funds to private equities, are growing their exposure to the coin. According to Coinbase, a major crypto exchange in th
Aug. 21, 2024
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SKT, Lambda to open AI data center in Seoul
SK Telecom, South Korea's largest wireless carrier by membership, said on Wednesday that it will open an artificial intelligence data center in Seoul in December by joining hands with US-based graphics processing units-as-a-service provider Lambda. The decision comes as the two sides signed a partnership deal for a joint AI cloud business as they agreed to establish a large-scale Nvidia GPU cluster to support AI cloud business opportunities here, according to SK Telecom. Lambda is a company
Aug. 21, 2024
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Govt. to extend financial support for Tmon, WeMakePrice vendors
The South Korean government is ramping up financial aid to address the rapidly growing unpaid bills from Qoo10 Group’s e-commerce subsidiaries, which have now exceeded 800 billion won ($600 million). On Wednesday, the Finance Ministry announced that overdue payments to vendors on Tmon and WeMakePrice, the two struggling online marketplaces owned by Singapore-based Qoo10, have reached 818.8 billion won as of Monday. The unpaid bills have tripled in less than a month due to transaction delay
Aug. 21, 2024
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[Photo News] Display of the year
LG Display's Meta Technology 2.0, the company's third-generation OLED technology, has been named the "Korea Display of the Year" at this year's International Meeting on Information Display symposium that kicked off its three-day run on Wednesday in Jejudo. The Meta Technology 2.0 enhances the peak brightness of OLED displays by 40 percent to the industry's brightest 3,000 units. (LG Display)
Aug. 21, 2024
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CJ's Bibigo dumplings to hit shelves in New Zealand
CJ CheilJedang is boosting its presence in Oceania with its Bibigo K-food product line, recording a 51 percent on-year increase in its food product sales in the region during the second quarter this year. The company announced Wednesday the fresh launch of Bibigo mandu to New World and Pak'nSave, two major supermarket chains in New Zealand. The new offerings include "Bibigo Homestyle Mandu Pork Dumpling" and "Bibigo Pork & Kimchi Flavoured Dumplings," both of which
Aug. 21, 2024
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[Photo News] Cheers to Paralympians
South Korea's national team for the 2024 Paris Paralympics departed for Paris on Wednesday, receiving enthusiastic cheers from supporters, including Hana Financial Group. In this photo, Hana Financial Group Vice Chairman Lee Eun-hyung (second row, fifth from left) stands with Korea Paralympic Committee Chairman Jung Jin-owan (second row, third from left), Bae Dong-hyun, head of the Paralympic national team (second row, fourth from left) and athletes at Incheon International Airport, celeb
Aug. 21, 2024
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LG Innotek taps global talent to spur growth
LG Innotek, the advanced materials and components maker affiliated with LG Group, is speeding up efforts to recruit outstanding international students to enhance its global competitiveness. According to the company on Wednesday, a total of 31 international students either from foreign or Korean universities joined this year’s global internship program that was completed earlier this month. Under the five-week program, the students were allocated to diverse business divisions, including res
Aug. 21, 2024
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Why Korean Air, Asiana Airlines in rush to shed unused mileage points
South Korea's top two airlines, Korean Air and Asiana Airlines, are recently ramping up efforts to encourage their passengers to use up their mileage in an apparent move to ease financial burdens ahead of their planned merger later this year. Korean Air recently announced a strategic partnership with GS Retail, a local retailer operating GS25 convenience stores, to allow customers to use their Korean Air points at GS25 outlets. Asiana Airlines also plans to launch an online shopping site ex
Aug. 20, 2024
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SK in talks to sell specialty gas unit
SK Group, the country's chip-to-energy conglomerate, is considering the sale of its gas supplier SK Specialty, amid the massive reshuffle across its affiliates to focus on future growth drivers. The company is "considering diverse strategies, including the sale of a stake in SK specialty" but "nothing has been decided in detail yet," SK Inc. said through a regulatory filing made Tuesday. SK Inc., the holdings company behind SK Group, owns a 100 percent stake in the gas u
Aug. 20, 2024
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As Daum sinks in search, experts doubt AI is solution
Daum, once solidly the No. 2 player in the online search market in Korea, has lost ground to foreign rivals here. Its parent company Kakao is betting heavily on artificial intelligence to revive the ailing portal site, but industry watchers remain skeptical of its strategy, which has yet to be made public. According to web log analysis site Internet Trend on Tuesday, Daum ranked No. 4 in the domestic web search market as of Friday, with its market share falling from 4.41 percent a year ago to 3.
Aug. 20, 2024