SK hynix said Tuesday that it has completed the development of the industry’s most advanced 10-nanometer technology-based DDR5 DRAM for servers and has entered a validation process together with US chip giant Intel. The latest fifth-generation DDR5 DRAM is the first of its generation being tested at the Intel Data Center Certified memory program for DDR5 products to run on Intel Xeon Scalable platforms. The chips boast an operating speed of 6.4 gigabits per second, the fastest speed amon

Battery materials plant in Quebec planned under joint venture project between Posco Future M and GM

Auto giant looks to bolster global policy power with recruitment

Samsung Electronics said Monday it is offering a self-repair service program in South Korea for key products, including Galaxy smartphones, laptops and TVs, following the program's debut in the US last year. Under the program, the tech giant allows consumers to purchase parts and tools online to repair their devices themselves without having to visit a service center. The first products in the lineup for the service include the Galaxy S20, S21 and S22 smartphones, Galaxy Book Pro laptops an

Nike Korea said Tuesday it created a public sports space, called "Playground for All," jointly with Seoul Lifelong Education Institute and ChildFund Korea in Geumcheon-gu, southwestern Seoul, as part of its initiative to achieve carbon neutrality and practice social responsibility. Built on 1,613 square meters of land, the sports space consists of a running track, a basketball court, a futsal field and a play zone, with the floors and lockers made from recycled Nike sneakers and clot

Retail sales in South Korea rose 4 percent on-year in April on the back of people's growing outdoor activities and various promotional events by major discount stores, the industry ministry said Tuesday. The combined sales of 25 major offline and online retailers came to 14.08 trillion won ($10.67 billion) last month, compared with 13.54 trillion won a year earlier, according to the data compiled by the Ministry of Trade, Industry and Energy. The on-year increase came as more people turned

South Korea's finance ministry said Tuesday it has decided to apply tariff-rate quotas on eight major foodstuff imports to ease households' burden amid rising consumer prices. Under the plan passed at the Cabinet meeting, South Korea will lift tariffs on 45,000 tons of pork and 10,000 tons of mackerel starting in early June, according to the Ministry of Economy and Finance. "This year, the overall growth in consumer prices has slowed to some extent," the finance ministry sa

The proportion of female executives at South Korea's major companies came to 7 percent in the first quarter of 2023 following last year's implementation of a related law, a corporate tracker said Tuesday. The number of female executives at 349 out of the country's top 500 firms by sales reached 997 at end-March, accounting for 6.8 percent of the total 14,718, according to the Leaders Index. The proportion was up 0.5 percentage point from a year earlier and 1.7 times the tally for

LG Electronics said Monday it recently donated energy-efficient air conditioners to a general hospital in Nigeria as part of its ongoing social contribution activities in the region. Africa, along with the Middle East, is one of the fastest-growing markets for the Korean tech giant. Its air conditioners alone posted more than 20 percent growth in sales last year.

Recipients of Han Sung Motor’s Dream Gream scholarship showcased their work at Plastic Art Seoul 2023, a Seoul art fair dedicated to sculptures and installations that took place over the weekend. Han Sung Motor, the official importer of Mercedes-Benz cars here, has sponsored young artistic talents through the program that offers scholarships and mentoring opportunities. For the latest exhibition, 40 students joined to present media art creations under the theme “The most precious thi

After decades of English names, retailers put spotlight on Hangeul as key marketing strategy

Asiana Airlines, South Korea's second-largest airline, said Monday it has halted the sales of seats next to emergency exits following a recent incident in which a passenger opened an emergency exit door before landing. Currently, the air carrier operates two types of A320-200 aircraft, the same model that took flight during the door-opening incident, with 174 and 195 passenger seats, respectively. Sales of the two seats 26A and 30A in each aircraft will be discontinued indefinitely. An Asia

Posco International said Monday it has signed a contract with Faru Graphite Corporation, a Tanzanian subsidiary of Australian mining company Black Rock Mining, to be supplied with natural graphite, a key material for rechargeable batteries. This comes as part of the trading and energy company’s full-fledged efforts to secure a global value chain for battery materials for electric vehicles. Under the contract, Posco International will invest $10 million to receive a supply of 750,000 tons o

Seoul-based content distribution company RNR Inc.’s “Monoplex” is a type of theater where one can watch movies in a designated, personally-optimized space in places such as apartments, hotels, office buildings and more. Monoplex offers a bespoke theater experience which screens movie premieres at the same time as more widely known multiplexes in city centers. Ever since the outbreak of the COVID-19 pandemic, public interest in Monoplexes has surged, according to the company, as

Unmanned Exploration Laboratory works on crafting space-level roving vehicles