South Korean tech titan to unveil its 10th anniversary Galaxy phone one week ahead of Mobile World Congress in Barcelona

LG Chem plans to make an investment of 1.2 trillion won ($1.07 billion) to expand its battery plants in Nanjing, China by 2020 to respond to the growing demand for electric mobility, according to the firm on Thursday. Under the contract, the Korean battery maker is slated to make an investment of 600 billion won for cylindrical battery cells mainly used for digital devices and another 600 billion won for pouch battery cells used for electric cars. LG Chem’s battery plant in Nanjing, China (LG Ch

LAS VEGAS -- Samsung Electronics will not immediately join the new market for rollable TVs that surprised the world this week at the Consumer Electronics Show 2019, according to the company’s chief of consumer electronics division, raising doubt as to the “economic efficiency.”During a press conference held Tuesday, Kim Hyun-suk pointed out, “The problem of rollable TVs is economics.” The comment was made after Samsung’s archrival LG Electronics impressed the world with the industry’s first roll

SsangYong Motor Co., the South Korean unit of Indian carmaker Mahindra & Mahindra Ltd., is targeting a turnaround this year by promoting its sport-utility vehicles (SUVs).  (Yonhap)In a media test-drive event held in Chuncheon, 85 kilometers east of Seoul, SsangYong Motor Chief Executive Choi Johng-sik said the carmaker will focus on achieving a 14 percent on-year jump in sales this year. "We are aiming to sell 163,000 vehicles this year and post a (net) profit," the top executive told reporters

LAS VEGAS -- SK hynix, the world’s No. 2 memory chip provider, may ultimately expand into the non-memory semiconductor market by tapping into an emerging market for a variety of system-on-chips for autonomous driving, Park Jung-ho, chief executive officer of parent company SK Telecom said Tuesday. “SK hynix is (confidentially) conducting research and developing non-memory chips for vehicles,” Park told The Korea Herald after attending a press conference on SKT’s vision for future businesses in t

President of world’s second-biggest maker of TVs blames lackluster sales on ‘regional issue’

Hugel, a South Korean botulinum toxin manufacturer, has completed the patent registration for its technology to develop patch-type BTX here, taking an innovative approach for an alternative to the conventional injection-type BTX.The biopharmaceutical firm announced Wednesday that it has secured and patented the technology to develop adhesive BTX patches with micro-needles coated with botulinum toxin. Although they may prickle, the company says they won’t hurt as much as a BTX injection.  Stock i

　The number of South Koreans who switched mobile carriers reached a 13-year low in 2018 due to weaker subsidy competition, industry data showed.　The country‘s three major mobile carriers -- SK Telecom, KT and LG Uplus -- and budget carriers posted a combined 5.67 million in number portability last year, according to data from the Korea Telecommunications Operators Association.　The tally was down 19.3 percent from the previous year and the lowest level since 2005.　The figure translates into aroun

Korean pharma companies Handok and Genexine became joint majority stakeholders in US biopharmaceutical group Rezolute through a 50-50 joint investment of 28 billion won ($24.9 million), Handok announced Tuesday.Handok and its subsidiary Genexine now together hold 54 percent of Rezolute. The deal will allow the Korean pharma firms to acquire information about the work Rezolute has undertaken in biopharmaceutical development, and may also serve as a bridge to the US market. (Yonhap)Rezolute, estab

South Korean Trade Minister Sung Yun-mo is slated to leave for the United Arab Emirates on Saturday to discuss further partnerships with his counterparts in the energy sector as a follow-up to the summit in March of last year. The minister is also slated to express the government’s strong willingness to support the maintenance of the Barakah nuclear power plant should a Korean bidder win, ministry officials said Wednesday.During his stay, the minister, accompanied by CEOs of the Korea Hydro & Nu

Top court dismisses claim for special tax exemption, citing substantive nationality of contracting party in ‘conduit company deal’

LAS VEGAS -- The Consumer Electronics Show, the world’s biggest technology showcase, officially kicked off in Las Vegas on Tuesday, showcasing the latest technology innovations from big companies and startups across diverse product categories.This year’s event features more than 4,500 exhibiting companies, including a record 1,200 startups, while more than 20,000 products are being launched on the show’s floor, according to the Consumer Technology Association, the organizer of CES.From high-end

Park Jung-ho seeks to increase SK Telecom’s stake in SK hynix form 20.07% to 30%

Meanwhile, China’s Royole dazzles CES visitors with world’s first commercial foldable phone

During the Consumer Electronics Show 2019, household appliance company Coway showcased its cutting-edge water and air purifier solutions and electronic toilet seat as part of its new technologies.Coway’s CIROO 2.0 filter system for direct water purification was awarded the CES 2019 Innovation Award in the home appliances category. Short for Coway Intensive Reverse Osmosis, the CIROO filter was recognized for enabling unlimited use of room-temperature and cold water. Its replaceable water channel