Korean telecommunications firm SK Telecom is tapping the future of digitalized medical imaging by channeling semiconductor and 5G network services. SKT announced Friday that the company has become the second-biggest shareholder of Israeli medical imaging firm Nanox, which is preparing to make an initial public offering on the US tech-heavy Nasdaq bourse, by participating in a pre-IPO deal. The Korean mobile carrier has invested an accumulated $23 million in Nanox, earning exclusive business r

LS Cable & System said Friday it won a contract worth 100 billion won ($82 million) to supply electrical cables in Singapore. Under the deal, LS C&S will provide high- and low-voltage cables that will stretch 400 kilometers through Singapore, through 2021. The company said it has a strong foothold in Singapore, obtaining the biggest market share there. The orders have been placed by the Singaporean government to replace aged high-voltage cables for consecutive years since 2017. Th

E-mart Traders said Friday it will roll out 20 million single-use face masks, selling them at a price of 320 won (26 cents) per mask. The warehouse hypermarket store, which is part of the country’s retail giant Shinsegae Group, said it will sell a box of 50 face masks for 15,980 won at its 18 stores across the country from Saturday. Purchases will be limited to one box per person. E-mart Traders said it was able to sell the product -- a three-layered face mask with a melt-blown filter

LG Group’s major affiliates LG Electronics and LG Display are unlikely to proceed with the first leg of the semiannual recruitment process in the first half of 2020. As of Friday, the two companies have yet to give notice of any hiring plans. Considering the numerous steps that large conglomerates go through to evaluate and sift through hundreds of candidates, the lack of plans at this point of the year indicate the companies are curtailing human resources investment. Earlier in Marc

The Fair Trade Commission said Friday it has terminated an investigation into the battle between Samsung Electronics and LG Electronics over the technological competitiveness of their TVs. The antitrust agency said the two companies have decided to drop the case and pledged to refrain from negative marketing.  LG on Wednesday withdrew its complaint filed against Samsung in September, and Samsung followed suit on Thursday. Samsung declined to comment, but the two reportedly have reache

Korean air carriers that have been gradually starting to resume their international routes amid slower spread of COVID-19 are facing hurdles to operating China routes over authorities’ strengthened landing conditions, according to industry sources on Friday.  According to full service carrier Korean Air, it had planned to operate 32 out of 110 international routes from June. Those routes include flights to Chinese destinations Beijing, Shanghai, Guangzhou and Qingdao, flying three t

Han Sung Motor, an official local dealer of Mercedes-Benz in Korea, said Thursday it will offer customers free and unlimited service for changing engine oil and oil filter.  The promotion applies to those who purchase a new car from Han Sung Motor in June, regardless of models or trims including Mercedes-AMG lineup.  Through the promotion, customers can enjoy engine oil and oil filter change service at Han Sung Motor’s 20 service centers across the country, even after the offi

With the coronavirus pandemic forcing social distancing, the number of employees at public entities who worked from home in the first quarter this year reached 31,148, data by state portal service Alio showed. It is nearly 22 times more than 1,408 tallied for the whole of last year. There are some 418,000 working at the surveyed state-run companies and organizations. (khnews@heraldcorp.com)

The National Tax Service terminated the business registration of homegrown social networking service Cyworld on May 26, according to industry sources on Thursday. Meanwhile, the ICT Ministry said that Cyworld has not made a report to the NTS of a business termination and that it had expressed willingness to continue the business to the ministry. According to the Telecommunications Business Act, such an internet business is required to report to the ICT Ministry at least 30 days before perman

  Three founding family members of the South Korean electric cable manufacturing conglomerate LS Group were indicted on Thursday for illegal inter-affiliate trading worth 25.5 billion won ($20.9 million), prosecutors said. Koo Ja-hong, chairman of LS-Nikko Copper Inc., the group's copper smelting affiliate, Koo Ja-yub, chairman of LS Cable & System, and Koo Ja-eun, chairman of LS Mtron, were indicted on charges of violating anti-trust law by providing illegal support to a sister compa

The South Korean game censorship body on Thursday gave an ultimatum to foreign firms that are distributing products here without receiving government ratings, launching a surgical strike on popular cloud platform Steam. Steam is a video game digital distribution service that also supports games from third-party publishers, allowing users to download them after purchase. According to Game Rating and Administration Committee Thursday, the agency has recommended Steam to receive ratings on unr

Doosan Heavy Industries & Construction Co.'s push to reshape its business portfolio is stirring concerns over the feasibility of the overhaul plan whose centerpiece is reduction of its mainstay coal and nuclear power businesses and expansion of its clout in the renewable energy realm. In return for 3.6 trillion won ($2.95 billion) financial support from state-run banks, Doosan Heavy, the leading power equipment maker proposed a shake-up of its business structure to focus more on renewables

Shockwaves were sent across Samsung Electronics as the prosecution sought an arrest warrant against Vice Chairman Lee Jae-yong over the merger of two affiliates in 2015. The tech giant has been making active moves under Lee’s lead to accelerate businesses amid challenges from the COVID-19 pandemic and trade war between the US and China. The Seoul Central District Prosecutors’ Office’s request to arrest Lee and two former Samsung executives, Choi Gee-sung and Kim Jong-joong

Samsung Display’s organic light-emitting diode display panels were acknowledged for their seamless performance during high-speed transmission, attesting their competency in the 5G network era, the company announced Thursday. Samsung Display’s 90Hz and 120Hz frame-rate smartphone OLED panels were respectively certified “Seamless” and “Seamless Pro” by Switzerland’s Societe Generale de Surveillance, for having industry-leading image blur length and motio

An unexpected collaboration was announced last Sunday, when Hyundai Motor chose Hanwha Q Cells to reuse dead electric vehicle batteries to make energy storage systems. The two firms signed a memorandum of understanding to co-develop solar power ESS using dead batteries. The deal, to the extent of which was publicized, was seen to be rudimentary, without any size or volume of the collaboration. As there are already major global battery-making players in South Korea, Hyundai’s choice see