JEONGSEON, Gangwon Province -- New chip technologies could advance to the degree that chips in the future could emulate the human brain in terms of computing speed, density and efficiency, experts said during keynote speeches at the 29th Korean Conference on Semiconductors held in Jeongseon, Gangwon Province Tuesday. However, a technology breakthrough to break the mold is crucial, as achieving large processing capacity and energy efficiency simultaneously is becoming more elusive on the convent

Exports of South Korean instant noodles hit a record high of over $670 million, the highest figure to date. Last year’s exports stood at $674.41 million, data from the Korea Customs Service and the food industry showed on Sunday. Exports of instant noodles, also known as “ramyeon” in Korea, have risen for seven consecutive years. When broken down by country, China was the biggest market for South Korean instant noodle makers, followed by the US, Japan and Taiwan. Instant no

The design of the all-new Kia Niro did it all to captivate young drivers, not to mention its fuel efficiency and comfortable driving experience. Looking very much like Kia’s concept car HabaNiro, the all-new Kia Niro infused its ‘Opposites United’ design philosophy into the environmentally friendly SUV by making the body two-toned with a bold boomerang-shaped Aero C-Pillar at the rear that completes the futuristic design of the car. During its four-day long preorder, a total

Buyout of Biogen’s stake expected to boost Samsung’s competitiveness in global bio industry

LG Uplus Corp., South Korea's third-largest mobile carrier, said Friday it shifted to black in the fourth quarter from a year earlier on the back of growth in 5G network subscriptions. Net income for the October-December period stood at 101.8 billion won ($84.5 million), marking a turnaround from a loss of 224.7 billion won the previous year, the company said in a regulatory filing. The company's operating profit dipped 9.8 percent on-year to 158.2 billion won while sales rose 2.7 percent on-y

South Korean chipmaker SK hynix announced Friday that its annual revenue surged 35 percent to 42.9 trillion won ($35.6 billion) on-year, a record figure for the company. Operating profit spiked 148 percent to 12.4 trillion won. The record performance was propelled by the robust demand in IT gadgets amid a non-face-to-face trend despite uncertainties posed by supply chain risks, the company explained. The previous record was 40.4 trillion won of revenue in 2018, when the firm benefited from a

Samsung Card Co., a major South Korean card issuer, on Friday reported a 169.1 percent rise in its fourth-quarter earnings as consumption rebounded from a pandemic-caused slowdown. Net income in the October-December quarter came to 129.4 billion won ($107.4 million) on a consolidated basis, up from 48.1 billion won a year earlier, the company said in a regulatory filing. Fourth-quarter operating profit also surged 179.6 percent to 175.8 billion won, while sales declined 3.1 percent to 886.4 bi

SK Innovation Co., the energy and chemical affiliate of South Korean conglomerate SK Group, said Friday it swung to the black in the fourth quarter from a year earlier on strong petrochemical demand and electric vehicle (EV) battery sales. Net income came to 163.4 billion won ($135.7 million) in the October-December period, a turnaround from a loss of 232.6 billion won a year earlier, the company said in a regulatory filing. It continued to post an operating loss of 47.3 billion won but far le

Shareholders of Posco, South Korea's top steelmaker, approved the company's plan to transform into a holding company by splitting it into two business entities, the steelmaker said Friday. After the breakup, the steelmaking group's holding company, tentatively named Posco Holdings, will focus on charting out future business, research and development, and investment. The steelmaking business will be dubbed Posco, which will be wholly owned by Posco Holdings and remain unlisted. The steelmaker'

Kyobo Life Insurance, a major South Korean life insurer, said Friday that it has requested a US nonprofit watchdog to punish three accountants of Deloitte Anjin for colluding to inflate the prices of a put option exercised by one of its investors. Kyobo Life Insurance filed the petition with the Public Company Accounting Oversight Board, asking for their "strong punishment," according to the company. The board is a nonprofit watchdog established by US Congress to oversee the audits of

SK hynix Inc., South Korea's No. 2 chipmaker, on Friday reported strong fourth-quarter earnings, helped by solid memory chip demand for servers and smartphones. Net profit for the three months that ended in December leaped by 87.5 percent from a year earlier to 3.31 trillion won ($2.8 billion). Operating profit rose 340 percent from a year ago to 4.21 trillion won, the highest since the fourth quarter of 2018. Sales jumped 55.4 percent to a quarterly record of 12.37 trillion won, marking the

LG Electronics saw its home appliance business set a new record in 2021 with revenues jumping 21.7 percent to 27.11 trillion won ($22.92 billion), outstripping the performance of its US rival Whirlpool that showed net sales of $22 billion, its earnings release showed Thursday. The performance of the business -- dedicated to refrigerators, washing machines, air conditioners and hygiene-related products -- drove LG Electronics‘ overall full-year revenue to an all-time high, at 74.72 trilli

State-run bank to support HHI if lawsuit filed against EU regulators

CEO offers rosy outlook for metaverse games, content business

Standard Chartered Bank Korea said Thursday it plans to offer a before-tax interest rate of up to 1.5% per year on savings for those who subscribe to SC Bank‘s My Signature Account for the first time. The promotional event runs through Feb. 28. My Signature Account, launched in July, is a checking account that offers “high yield” in connection to one's transaction performance. The account has been in the limelight for providing a stable yield amidst fluctuating interest r