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[Herald Design Forum 2020] 8 renowned innovators to speak about future desi...
Vice Minister warns against forex market volatility
In call with Suga, Moon urges Japan to resolve forced labor issue
Shin & Kim LLC augments international tax service
Hyundai Motor Group works with leading AI scholars
Posco receives dividends worth W50b from Roy Hill
[Herald Design Forum 2020] Herald Design Forum to discuss next 10 years
[Herald Design Forum 2020] Herald Design Forum 2020 goes live
Proptech startup Kasa Korea attracts W9.2b in series B funding
Seoul stocks tumble to over 1-month low on withering global

Today Transport

Hyundai Motor Group works with leading AI scholars

Hyundai Motor Group said Thursday it has scouted Tomaso Poggio and Daniela Rus, experts on artificial intelligence, to work together on various projects of AI technology development. Poggio and Rus are serving as technology consultants and have been giving advice on utilizing AI to build planning and technological strategies for new business models, to establish a global research organization and to set investment directions for research infrastructures. Poggio, who heads the Center for Br

Posco receives dividends worth W50b from Roy Hill

Posco, a South Korean steelmaker, said Thursday it received dividends of about 50 billion won ($42.6 million) from Roy Hill Holdings, which operates an iron ore mine in Australia. According to Posco, the Roy Hill Holdings board of directors agreed to start profit-sharing for the first time, seeing the improved financial solvency and profit. Hancock Prospecting owns 70 percent of Roy Hill Holdings, and the remainder of the shares is held through a consortium, in which Posco is included along w

Today
Industry
Asiana Airlines launches ‘hotel-like’ flights to nowhere

Asiana Airlines will offer a special two-hour flight to nowhere next month, becoming the latest to join the new trend in aviation. Known as the “hotel in the sky,” the airline’s A380 aircraft will fly out of Incheon Airport and travel over Gangneung in Gangwon Province, Pohang in North Gyeongsang Province, Gimhae in South Gyeongsang Province and Jeju Island, before coming back after a flight of one hour and 20 minutes on Oct. 24 and 25. Seats between passengers will be kept em

Today
Transport
Ssangyong E&C chief travels to Dubai to oversee $1b hotel project

Chairman and CEO of Ssangyong Engineering & Construction Co. Kim Seok-joon is visiting Dubai in the midst of a pandemic to supervise the details of the company’s $1 billion Royal Atlantis Hotel project, the company said Thursday. Kim, who left for the United Arab Emirates city earlier this week, will visit the construction site of the hotel whose work is set to be complete by June next year. He will also meet with the project owners during his trip. “Videoconferencing has had

Today
Industry
Companies on pandemic alert ahead of holiday

Hyundai Motor, Hyundai Heavy Industries ask employees to refrain from visiting hometowns

Today
Industry
Merck Korea gives $29,000 to Ansan multicultural children care center

Merck Korea has donated 25,000 euros ($29,000) to an Ansan, Gyeonggi Province, multicultural children care center, the company said Thursday. The fund will be used, among other things, for a Korean-language tutor, a computer room and a multimedia facility, according to nonprofit organization Loving Neighbors. The decision was driven by Kim Woo-kyu, the new managing director of Merck Korea. The corporate social responsibility program is Kim’s first official activity in the post. Merck is

Today
Industry
Samsung Biologics to develop Kanaph Therapeutics' retinal disease treatment

Samsung Biologics will contract develop Kanaph Therapeutics’ retinal disease treatment, the company announced Thursday. Kanaph’s KNP-301 is a C3bg Inhibitor-VEGF binder novel drug candidate that treats dry and wet macular degeneration, diabetic retinopathy and diabetic macular edema. Samsung Biologics will undertake all steps of the drug development, spanning cell line development, development process optimization and preclinical and clinical sample manufacturing. “For a b

Today
Industry
Samsung Display receives highest UL grade for zero waste

Samsung Display said Thursday the company has received the highest level of certification for its efforts to produce no industrial waste from Underwriters Laboratories as the first Korean manufacturer. The Korean panel maker’s production site (line No.1) in Asan, South Chungcheong Province, obtained a platinum grade in the zero waste to landfill segment. Underwriters Laboratories grants the platinum level for manufacturing sites that recycle all of their industrial waste, while givin

Today
Technology
LG, Hyundai Motor co-work on homelike future car interior

LG Electronics unveiled a collaboration on future car interiors with Hyundai Motor Company, the tech giant said Thursday. Dubbed the “Ioniq Concept Cabin,” the model offers a glimpse of the inside of how future vehicles could look like if they go fully electrified. The two companies focused on maximizing the benefit of greater space inside of future electric vehicles than conventional combustion engine cars, aiming to make passengers feel at home. The Ioniq Concept Cabin feat

Today
Technology
Dolby Labs signs cinema solutions supply deal with S. Korean multiplex operator

Dolby Laboratories Inc., a US-based audio and imaging technology giant, said Thursday it has signed a deal to supply its advanced cinema solutions to local multiplex operator Megabox for the next five years. Under the deal, Dolby Labs will provide its auditorium package to Megabox, starting with its movie theaters in Gyeonggi Province. The value of the contract was not revealed. The auditorium package consists of Dolby Labs' speakers, integrated media servers, cinema processors, and multicha

Today
Industry
LG expands budget smartphone lineup with 3 new models

LG Electronics Inc. on Thursday added three new models to its budget smartphone lineup as the South Korean tech firm targets to expand its mobile sales. The K62, the K52 and the K42 have been added to LG's K series family and will be launched next month starting in Europe. LG did not reveal prices of the new smartphones. All three models have a 6.6-inch punch-hole display with a 20:9 aspect ratio, and a quad-rear camera setup. They all pack a 4,000-mAh battery. The K42 sports a 13-megapixe

Today
Industry
Samsung launches new charging devices for mobile gadgets

Samsung Electronics Co. on Thursday launched two new charging accessories for mobile devices in South Korea. Samsung's new Wireless Charger Trio can charge up to three mobile devices, such as smartphones, wireless earbuds and smartwatches, at the same time. The pad has six charging coils, offering better charging surface coverage. The multi-device charging station comes in two colors, white and black, and has a price tag of 99,000 won ($85). Samsung also released a power bank that boasts 2

Today
Industry
Caris wins NET certificate for guardrail tech that utilizes waste plastics

Caris Co. has won the New Excellent Technology certificate for its guardrail manufacturing technology that utilizes waste plastics. At the 2020 NET certificate award ceremony, CEO Yu Cheol received the NET certificate for the company’s five-layer ribbed structure guardrail manufacturing technology that uses a triple compression method incorporating waste plastics. NET-certified products are selected by the Korean Agency for Technology and Standards under the Ministry of Trade, Industry

Today
Industry
[Monitor] Travel industry shrinks after COVID-19 outbreak

After the COVID-19 outbreak, South Korea saw its number of travel businesses decline by around 1,000 compared to last year. According to data from the Korea Tourism Association, there were 21,671 travel related firms operating in the country as of June. The figure fell 612 or 2.7 percent from the end of last year. The number of Korean travel companies began rising since 2015, surpassing 20,000 in 2017. The figure hit its peak of 22,609 in September last year, the data showed. (khnews@he

Today
Industry
[News Analysis] Are Musk’s EV battery ambitions too good to be true?

Elon Musk laid out five innovations for his new batteries at Tesla’s Battery Day event Wednesday, but experts and industry officials remain skeptical as the CEO failed to map out the specifics of the technologies. As part of the announcement, Musk said he would remove cobalt and maximize nickel inside the cathodes of the company’s new batteries. Cathodes are one of the four key components of lithium-ion batteries along with anodes, electrolytes and separators. A higher ratio of n

Sept 23, 2020
Industry

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