Sinclair CEO says joint venture with SKT will launch in “couple of days” in Washington

A new technology partnership has been formed between South Korea’s Samsung Electronics and the United States’ AMD on low-power and high-performance mobile graphics, according to the companies Tuesday. Under the multiyear partnership, Samsung Electronics will license AMD’s graphics intellectual property, based on the recently announced, highly-scalable Radeon graphics architecture, for use in its mobile devices including smartphones. Samsung will pay AMD license fees and royalti

Samsung Electronics said Tuesday it has embarked on initial research on the sixth-generation telecommunications network by launching a new research center. Samsung recently formed the Advanced Communications Research Center under Samsung Research, the company’s main R&D organization, based in southern Seoul. The tech giant has expanded the existing telecommunications research team to the level of a center after the launch of fifth-generation technologies.  “The current team

Korea International Trade Association Chairman Kim Young-ju (left) and Industry Minister Sung Yun-mo attend the opening ceremony of Startup Branch on Tuesday at Coex in southern Seoul.  The space, divided into four areas -- offices, a pitching center, a consultation area and a cafeteria -- is designed to run programs that help local startups advance overseas. 

A South Korean think tank’s recommendation to switch liquor taxes from price-based to volume-based system beginning with beer and makgeolli -- off-white rice wine -- has got a mixed market response.According to the Korea Institute of Public Finance, the first liquor tax change in 50 years would involve three possible scenarios: apply the new volume-based tax on beer first; on both beer and makgeolli; or all liquor products -- but give a grace period for other alcoholic beverages except bee

The government is considering raising the purchase limit at departure duty-free shops from the current $3,600 and the tax exemption limit from the current $600, officials said Tuesday.“In consideration of increased national income and inflation, (the government) is reviewing the need and means to raise the limit of purchase and tax exemption at duty-free shops,” the Ministry of Economy and Finance said in a release.The decision will be confirmed later this month, when the ministry an

South Korea’s largest job fair for foreign companies began on Tuesday at Coex in Seoul, with 159 firms readying to recruit young job seekers. The two-day annual career expo with the largest number of participating companies this year is co-hosted by the Ministry of Trade, Industry and Energy and Seoul Metropolitan Government and co-organized by Korea Trade Investment Promotion Agency (KOTRA) and Financial Supervisory Service. The companies include Hewlett Packard Korea, Tokyo Electron Kore

South Korean SUV maker SsangYong Motor on Tuesday launched the sale of its facelifted Tivoli, a B-segment crossover that has taken the No. 1 spot in the category in recent years. Introduced in 2015, the compact SUV has a new 1.5-liter turbo gasoline engine, a larger digital interface and more body colors, in an effort to lure young drivers looking for their first cars, officials said. SsangYong takes pride in the new gasoline engine, as it was strategically developed to make the Tivoli stronger

Samsung Electronics’ Consumer Electronics CEO Kim Hyun-suk said Tuesday that the company will launch the Galaxy Home speaker in the third quarter of this year. “The Galaxy Home speaker, which will be the center of Samsung’s home appliances, is planned to be launched in mid-second half of the year,” Kim told The Korea Herald in response to a question. Kim answered the question after a press conference held to unveil Samsung’s new lifestyle-focused vision for consumer

About 3 in 4 corporate websites fail to meet government standards for web accessibility

The Korea Chamber of Commerce and Industry, the nation’s largest group representing small and large businesses, is hosting an annual photo competition from Monday to Sept. 24. Under the theme of “Businessmen’s Workplace and Life,” panelists will look for photos that capture unexpected scenes at workplaces and people with stories. They expect creative pieces that are high in photographic quality. “Last year, we had a record number of 4,500 applicants, and intere

New head of Korea’s No. 1 carrier says KCGI no more or no less than one of shareholders

Tech giant faced again with ownership risks amid aggravating semiconductor and smartphone market conditions, product quality issues

Hyundai Heavy Industries Co. on Monday failed to conduct its first on-site inspection of Daewoo Shipbuilding & Marine Engineering Co.'s main shipyard here due to fierce union opposition, heralding a bumpy road ahead for the merger of the world's top two shipbuilders. The unionized workers at Daewoo Shipbuilding's Okpo shipyard in Geoje, 350 kilometers south of Seoul, denied entry to a group of officials from Hyundai Heavy and the state-run Korea Development Bank. To prevent a violent clash b

Fried chicken continues to reign supreme as the main food delivery item in South Korea and many newer outlets are being launched, but more of them are closing each year, data by KB Financial Group showed Monday.KB Research under KB Financial Group released a detailed analysis of the fried chicken business, indicating that in the past four years, despite the rise in chicken consumption the business is becoming oversaturated. Compared to 2013 when the average per capita consumption of fried chicke