Tech giant touts Seoul as epicenter of innovation, culture and top seller of foldable phones

US sales chief says Alzheimer’s drugs are part of strategic focus

Korea Aerospace Industries on Wednesday held a rollout ceremony of the first FA-50, a Korean fighter jet developed as an export to Poland, at its headquarters in Sacheon, South Gyeongsang Province. KAI plans to deliver 12 fighter jets to Poland by the end of this year. The Korean defense firm inked a $3 billion contract with the European country to export 48 fighter jets in September 2022.

Samsung Electronics said Wednesday that its latest automotive processor, the Exynos Auto V920, will be supplied to Hyundai Motor’s next-generation in-vehicle infotainment systems, a first chip collaboration between the nation’s top two companies. “We are thrilled to be collaborating with Hyundai Motor, a prominent global mobility manufacturer, and we anticipate that this partnership will further solidify our position in the automotive infotainment space,” said Jae Geol Py

$48m expansion ongoing to transform into top ADC manufacturing facility in North America

Upon entering the interview room, Riccardo Puliti, the regional vice president for Asia and the Pacific at the International Finance Corporation, underscored that this is his third visit to Korea within the past eight months. “I was here in November, I was here in February, and I will be back here in September. It is evident that Korea is evolving into a prominent center for sustainable cross border investment,” he said during an interview with The Korea Herald on May 25 at the IFC K

South Korean shipbuilders fell far behind their Chinese rivals in new global orders to place second worldwide in May amid sinking demand, industry data showed Wednesday. Local shipyards won a combined 510,000 compensated gross tons (CGTs) in new orders last month, accounting for 25 percent of the global total at 2.06 million CGTs, according to the data from global market researcher Clarkson Research Service. The global total, or 79 vessels, was 36 percent lower than that from a year earlier. Chi

The South Korean government said Wednesday that it will give full support to the local biotechnology industry to raise the sector's production capacity to 100 trillion won ($76.9 billion) by 2030 as part of its plans to become the world-leading biotech economy. The Ministry of Science and ICT mapped out a long-term biotechnology development plan to accelerate the integration of bio and high-tech digital technologies as a way to bring about innovation in other sectors, like medicine, environ

Kia Corp., Volkswagen Group Korea and two other companies will voluntarily recall more than 54,000 vehicles to fix faulty components, the transport ministry said Wednesday. The companies, including Ford Sales & Service Korea and Stellantis Korea, are recalling a combined 54,412 units of nine different models, the Ministry of Land, Infrastructure and Transport said in a statement. The problems that prompted the recall include a faulty dashboard software problem in Kia's Ray mini car, a f

German carmaker’s muscle EVs combine luxury with dynamic driving

Amid rush of orders, CDMO giant speeds up building of new W2tr manufacturing plant

By Tom Heilandt Codex Alimentarius Commission Secretary The demise of Alexander the Great, valiant conqueror of Persia and Egypt and monarch of the ancient Greek kingdom of Macedon, is not one that history books typically associate with a foodborne illness. However, a recent review suggests that it was Salmonella typhimurium enteritis that ultimately brought him down. Similarly, there is one theory that the musical genius, Wolfgang Amadeus Mozart, is thought to have succumbed to trichinosis, w

Samsung Electronics, the world’s leading smartphone and chip maker, on Wednesday marks the 30th anniversary of the late former chairman’s iconic New Management Initiative, which is widely considered to have led the then consumer appliance firm towards becoming a global tech powerhouse. Three decades ago, Samsung late former Chairman Lee Kun-hee convened an executive meeting in Frankfurt, Germany for three days, during which he urged a drastic change in management. "If you are to

US, India, Australia emerging to replace China as top export destination

Despite the recent incident during which a passenger opened the emergency exit door of an Asiana Airlines aircraft before landing, most South Koreans think an airplane's emergency exit should not be difficult to open, a survey found Tuesday. According to a survey of 21,000 respondents by online poll platform Thepol, 44.8 percent (9,500 people) of the respondents said "An airplane's emergency exit door should be able to open quickly and easily during an emergency." Meanwhile,