Samsung Electronics Vice Chairman Lee Jae-yong's planned meeting next month with SoftBank founder Masayoshi Son raises the expectation that the South Korean tech giant could find a breakthrough with a new round of investment for future growth in the field of semiconductors. On his arrival to Seoul after a two-week trip overseas, the 54-year-old told reporters Wednesday afternoon that he is scheduled to hold talks with Son in Seoul and that he believes the Japanese tycoon might bring up the issue

Noting growing uncertainties surrounding the escalating US-China rivalry, SK Group Chairman Chey Tae-won said Wednesday that his priority at the moment is bracing for business survival itself, not seeking profits or efficiency. “The most urgent task is finding the way of survival under any circumstances,” the tycoon said at a press conference in Washington, where he was visiting to inspect local operations. “Rather than focusing on maximizing profits or efficiency like in the p

The head of the Korea Enterprises Federation has met a delegation from the European Parliament to stress the need for bolstering cooperation between European Union and South Korea amid the supply chain crisis and inflation risks. "Korea and the EU are mutually important trade and investment partners. Even during the pandemic, we saw the most trade and investment ever based on the free trade agreement held between Korea and EU last year,” said KEF Chairman Sohn Kyung-shik at a luncheon

Science Ministry to announce pangovernmental digital road map soon

KB Financial Group said Thursday it is making efforts to support the overseas expansion of homegrown startups. The financial giant held a launch ceremony for KB Global Fintech Lab in Singapore, with Kim Moon-hwan, director of the Korea SMEs and Startups Agency, local startup officials and KB executives including KB Financial Group Vice Chairman Yang Jong-hee in attendance. The newly launched lab will support domestic and international startups entering the global market and help them utilize glo

KAIST to build New York Campus by 2025: NYU

South Korean information technology service provider LG CNS showcased its artificial intelligence-based English-learning app, Speaking Class, on Thursday at Edtech Korea Fair 2022, which is being held for three days starting Thursday at Coex in Gangnam, southern Seoul. The app, geared toward students in elementary through high school, hosts 71 textbooks including those from major textbook writers such as YBM, Dong-A Publishing and Mirae N. The IT firm said that unlike other English-learning apps

Samsung Electronics Vice Chairman Lee Jae-yong said Wednesday that he plans to meet SoftBank founder Masayoshi Son next month as the Japansese tycoon visits Seoul. "Next month, Son is expected to visit Seoul," Lee told reporters at Seoul Gimpo Business Aviation Center Wednesday afternoon as he wrapped up a two-week overseas trip. "Probably, Son might come up with such a proposal, but I have no idea what that is," he said when asked whether he met any Arm officials during his

Rep. Yoon Sang-hyun of the ruling People Power Party discussed ways to cope with the current global economic crisis and collapse of the supply chain during a meeting with a leading cybersecurity firm on Wednesday. On a luncheon meeting, Shyam Sankar, chief operating officer at Palantir Technologies, and Rep. Yoon spoke about how Palantir provides a platform that provides data-based decisions to combat economic crises and supply chain disruptions caused by Russia's invasion of Ukraine. &ldqu

When designing a Genesis car, Yoon Il-hoon, vice president of HMC Genesis Design Group, says he focuses on three key pillars -- audaciousness, progressiveness, and infusing Korean traits. “The journey of Genesis has not been that long but we are always owning up to audacious challenges when designing new models by exploring progressively and incorporating the most Korean-like traits that can accentuate the brand’s originality,” Yoon said in an interview with The Korea Herald.

Korea Herald correspondent AMSTERDAM -- Upon arrival at Schiphol Airport, the third-busiest airport in the world, hundreds were lined up at closed check-in counters. For a flight that was to take off at 9 p.m. to Incheon, South Korea, there were more than 200 people waiting in line already for the check-in counter to open at 4 p.m. “We came here as early as possible because our tour guide told us Schiphol Airport is extra busy these days due to a manpower shortage. He said we could miss ou

Vehicles produced by the German big three made up 92.1 percent of the total recalled cars between January 2018 and August 2022

Consumer electronics giant Dyson said on Wednesday it would begin to sell its brand-new cord-free vacuum cleaner Gen5 Detect that boasts stronger power density, deeper cleaning ability and longer battery life compared to its predecessors in South Korea and China. Its Hyperdymium Motor allows Gen5 Detect, the newest release on the lineup since V15 Detect in May 2021, to have up to 262 airwatts of suction power, higher than the V15 Detect's 230 airwatts. The Gen5 motor, which is lighter than

Concerns over steel supply disruption is rising over unionized workers at South Korea's second-largest steelmaker Hyundai Steel threatening to stage sit-in protests. The workers’ threats come amid stalled wage negotiations at a critical time, as the country’s largest steelmaker Posco is reeling from typhoon damage. According to industry news reports on Wednesday, Hyundai Steel’s labor union, which has been at the negotiation table since March, warned of going on strike if its

Study shows possibility of easing autism symptoms for life with early detection, medication