Samsung Electronics on Tuesday revealed the specifications of the world’s first commercial foldable smartphone, the Galaxy Fold, including its weight and thickness, 10 days ahead of its launch in the United States. According to an infographic uploaded on Samsung’s online newsroom homepage, the Galaxy Fold has a 4.6-inch cover display and, when unfolded, the device turns into a 7.3-inch Infinity Flex Display-based tablet PC.  (Samsung Newsroom)The Samsung device weighs 263 grams, and it is 7.5 mi

Samsung Electronics announced Tuesday it has completed its 5-nanometer FinFET process based on the extreme ultraviolet technology as a result of the spurred efforts to strengthen its foundry business with an aim to become the market leader by 2030. Along with the completion of the 5nm EUV-based process, Samsung also said it will start shipping chips manufactured on the company’s 7nm process this month as the first in the foundry industry, and is aiming to start mass production of 6nm products wi

Since its launch in 1975, BMW’s 3 Series models have been considered a benchmark for compact sport sedans, selling at least 15 million units globally in the past four decades. The seventh-generation model of BMW 3 Series drives on the road. (BMW Korea)The Korea Herald drove the new 3 Series on a rainy day on a 100-kilometer route from Southeastern Seoul to Yangpyeong, Gyeonggi Province. Despite its slippery road condition, it performed well, proving to be one of the highest-rated in the segment

　Global streaming giant Netflix has introduced a series of cheaper pricing plans for selected consumers in South Korea from this month, prompting questions over its pricing strategy applied differently depending on the region. 　According to Netflix on Tuesday, the company has rolled out new subscription plans in Korea with prices cheaper than the current scheme. The monthly payment for the basic plan is as low as 6,500 won ($5.70) when consumers limit the use of service to mobile devices.　The ne

Main creditor KDB praises Park for making difficult but right decision

Food & logistics conglomerate marks rare case of peaceful father-to-son power transition

The annual Bio Korea International Convention 2019 opens on Wednesday at Coex in southern Seoul, gathering researchers, developers and biopharmaceutical firms to discuss next technologies and innovation, organizers said Tuesday.The event, running through Friday, will feature talks on topics including immuno-oncology drug development, global business expansion strategies, cell therapies for incurable diseases and current and next-generation therapeutic antibodies. Participants will also share vie

　As global K-pop fans flocked to YouTube last week to watch the new BTS video “Boy With Luv,” the band celebrated the release of its new album with a special event for loyal fans around the world. 　It was a live broadcast from New York City, where BTS discussed the new album, “Map of the Soul: Persona,” with global BTS Army fans. The event preceded the band’s much-anticipated performance on “Saturday Night Live” alongside guest host and “Spider-Man” actress Emma Stone.　Broadcast on Naver’s V Liv

Under a mountain of debt and pressure from creditors, Kumho Asiana Group’s board of directors decided Monday to sell its core unit Asiana Airlines, a day after the creditors rejected its latest self-rescue proposal amid a snowballing liquidity crisis.“For normalization of Asiana Airlines, we considered the best option and decided that its sell-off will recover trust in the group and the airline,” the group said in a statement. “The sale of Asiana -- with 31-year-long history -- is also for the s

With the nation’s second-largest flagship carrier now up for sale, speculation is rampant as to who will acquire Asiana Airlines, with the unlikely candidate SK Group -- a telecommunications-to-chips giant that has no business experience in transportation -- emerging as a potential dark horse.The nation’s third-largest conglomerate has so far denied all rumors it is interested in acquiring the heavily indebted air carrier. But market analysts continue to point at its sizeable capital resources,

Amid a rising tide of trade protectionism, Korean carmakers are facing a dilemma between producing abroad or at home, where labor agreements force them to maintain staffing levels at high wages.Producing a vehicle in South Korea using highly paid workers costs a lot more than in emerging markets with cheaper labor such as in China, Southeast Asian countries and even Eastern Europe. The low profitability of vehicles made in Korea due to high tariffs has been also cited as a hurdle for Korean auto

Riot Games Korea for “League of Legends” supports Cultural Heritage Administration

　South Korea’s biggest mobile carrier SK Telecom said Monday it is working to establish a 5G-powered infrastructure in the country’s Army academy to deliver futuristic technologies to the military. 　The telecom firm and the military school signed a memorandum of understanding at the Korea Military Academy in Seoul to build a “smart military campus” within the first half of this year. 　The two sides said the agreement will pave the way for incorporating 5G-based technology in combat training for

South Korean e-commerce company Coupang announced Monday its revenue for 2018 marked 4.42 trillion won ($4.1 billion as of the date of the report), posting 65 percent growth from the previous year.In its 2018 financial statements Coupang indicated that its operating deficit stood at 1.09 trillion won due mainly to its heavy investments. Throughout 2018, the company invested in its popular next-day delivery flagship service Rocket Delivery by expanding item selections from 2 million to 5 million

Hyundai Motor has invested in CODE42.ai, a local startup founded by a former chief technology officer for Naver, to strengthen their partnership by developing an open platform for the new mobility-as-a-service market.The carmaker’s de facto chief, Executive Vice Chairman Chung Eui-sun, recently met Song Chang-hyun, CEO and founder of CODE42, to strengthen their partnership on a smart mobility solution called the Urban Mobility Operating System, the company said in a statement.  Hyundai Motor Exe