Samsung Display Co., an affiliate of Samsung Electronics Co., said Wednesday it has commercialized a glass cover for foldable devices. Samsung Display said its ultra thin glass cover window that is about 30 micrometers thick can be mass-produced for various foldable devices. The flexible glass cover is already used in Samsung Electronics' vertically folding Galaxy Z Flip smartphone that was launched last week. The company said its UTG cover window is more durable and scratch-resistant than p

Samsung Electronics Co. signed a partnership with K-pop super band BTS for marketing of its new smartphones, company officials said Wednesday. Samsung will first work with BTS for the boy band's global contemporary art initiative, "CONNECT, BTS," and will expand their collaboration to other areas, according to the officials. "CONNECT, BTS" is a global initiative spearheaded in collaboration with curators from five major cities -- London, Berlin, Buenos Aires, Seoul and N

The world's first geostationary environment-monitoring satellite built by South Korea has been successfully launched, the country's state-run aerospace research institute said Wednesday. The Ariane-5 rocket carrying the 3.4-ton Chollian-2B, tasked with monitoring the movement of fine dust and other air pollutants in the East Asian region, as well as tides, is on course to reach its transfer orbit some 36,000 kilometers above the Earth's equator after lifting off from French Guiana at 07:18 p.m

Samsung Electronics Co. maintained its dominant status in the global DRAM market in the fourth quarter of 2019 despite a decline in revenue, industry data showed Tuesday.     Samsung's market share in the global DRAM market stood at 43.5 percent in the October-December period, down 1.6 percentage points from three months earlier, while its revenue declined 5 percent to $6.7 billion over the cited period, according to data from market researcher TrendForce.    &

Samsung C&T Corp., the construction unit of Samsung Group, said Tuesday that it has won a 1.15 trillion-won ($970 million) deal to build a power plant in the United Arab Emirates. Under the deal with F3 Holding Company B.V., Samsung C&T will build a 2,400-MW combined cycle power plant in Qidfa in the Emirate of Fujairah by the end of April 2023. Shares in Samsung C&T Corp fell 2.09 percent to 117,000 won, underperforming the broader KOSPI's 1.48 percent decline. (Yonhap)

LG Group Chairman and Chief Executive Koo Kwang-mo on Tuesday visited LG Electronics’ research and development campus in Seoul, the firm said. During the visit Koo was quoted as saying, “It is design that gives the first impression of our products and delivers this sense of feeling that this product is worth buying.”  At the campus, Koo also checked the company’s consumer electronic products, including a smart door and a wall-mounted OLED TV, as wel

　The amount of land owned by foreigners on the South Korean island of Jeju decreased slightly last year, official data showed. 　According to the data released by Jeju’s provincial government, foreigners owned 22.6 square kilometers in 14,644 plots on Jeju Island as of the end of last year. 　The volume marked a reduction of 1.4 percent from 22.9 square kilometers at the end of 2018. 　By region, foreign land ownership in the city of Jeju amounted to 11.1 square kilometers, compared wi

Struggling Asiana Airlines declares emergency mode

Questions are emerging about the UK nanotechnology company Nanoco and its past relationship with South Korea’s Samsung Electronics since the British company filed a patent infringement suit against Samsung on Friday. The UK firm filed suit against Samsung with the Texas Eastern District Court, alleging that the Korean tech giant infringed patents for five technologies related to nanoparticles and quantum dot technology that Nanoco claims to have developed. Founded in 2001, Nanoco was s

Although the number of automobiles manufactured in South Korea dropped below 4 million units last year, its global market share in car production increased slightly, data by the Korea Automobile Manufacturers Association showed. The number of cars produced dropped 1.9 percent from 2018, but the market share in car production increased by 0.1 percentage point. The association pointed out that Korea failed to see a more significant improvement due to prolonged conflicts and strikes at major aut

Games also criticized for profiteering off negative phenomenon

Kim Chi-hoon, a former Korean Air executive director who was proposed as one of the inside directors for Hanjin Group, said Tuesday he was voluntarily resigning from the candidacy. His withdrawal deals a blow to a coalition formed by Hanjin Group heiress Cho Hyun-ah to counter her brother, Chairman Cho Won-tae, as Kim had been recommended by them. Kim reportedly said that he was “against what the coalition intends to do,” according to Hanjin KAL, the holding company of Hanjin Group

South Korea’s environment-monitoring satellite Chollian 2B will lift off Wednesday morning as scheduled, the government-led aerospace project team said Tuesday. The Chollian 2B, a twin satellite of the Chollian 2A launched in 2018, is the world’s first geostationary satellite to be used in observing air conditions from 36,000 kilometers above the Earth’s equator. “The only thing that is left at the current moment is the countdown,” said Choi Jae-dong, director of

Samsung, LG, Hyundai ranked among top 50 firms for 35 straight years

LG Chem said Tuesday it aims to double its revenue by 2024. The South Korean chemical giant ranked 10th among the global top 50 chemical companies in 2018 in an annual survey by Chemical and Engineering News, published by the American Chemical Society, last year. The company aims to double its current revenue of around 30 trillion won ($25.6 billion) to 59 trillion won and to secure double-digit operating margin by 2024. It has set 2020 as the “Year of Execution” and vowed to r