LG Display on Monday unveiled four new concepts using its transparent panel solutions to be premiered at its hybrid CES 2022 exhibitions in January. The new concepts feature screens that look like normal transparent glass windows, allowing users to see objects on the other side. But the screens can display images or deliver information while remaining transparent at the same time. These concepts aim to achieve spatial innovation at home, the office and commercial facilities including department

Kim Beom-su, the founder of South Korean internet giant Kakao Corp., and members of his family were accused by a civic group Monday of a massive tax evasion in a past corporate merger process. Spec Watch Korea lodged the accusation against Kim and his family members, including his brother-in-law, with the National Police Agency, alleging they evaded a total of 886.3 billion won ($747.6 million) of taxes in the process of Kakao's merger with internet portal Daum Communications Corp. in 2014. Th

Samsung Heavy Industries Co., the world's second-biggest shipbuilder by orders, said Monday it has received a 240 billion won ($202 million) order to build a liquefied natural gas ship for a shipper in Latin America by 2024. The company did not provide the name of the shipper. With the latest order, Samsung Heavy has achieved $12.2 billion worth of orders this year, exceeding its annual order target of $9.1 billion amid the pandemic. This year, Samsung Heavy said it has received orders to

Container volume at Incheon Port, the nation’s gateway for seaborne trade, has tumbled to a six-month low due to severe bottlenecks at major ports around the world and more lucrative offers by Chinese cargo owners. According to Incheon Port Authority on Sunday, the goods volume transported through the port was 1.64 million 20-foot-long containers in the June to November period this year, down 5.5 percent from a year ago. The port said cargo owners around the world, especially those fro

Edison Motors, South Korea’s leading EV bus maker, and the bankrupt SsangYong Motor are likely to seal their merger and acquisition deal this week. Legal circles and automobile industry insiders expect the M&A to take place by this week or by January 7 the latest. “We need to adjust the contents of the contract, but if the discussion goes well, it can be done within this month. If the adjustment is prolonged, it could be early January,” said an official from Edison Motors

Experts say we depend more on our sense of smell during crisis

Chey Tae-won says punishment-based policy can’t make companies move forward

Krafton, Kakao Games rise while Nexon, NCSoft, Netmarble falter

Here’s how young Koreans plan to spend their second Christmas under the pandemic

South Korean technology giants’ plan to attend CES 2022 remains unperturbed so far, despite a series of announcements by US firms that they are suspending in-person events due to concerns about the spread of the omicron variant of COVID-19. Among notable exhibitors based in Korea -- Samsung, LG, Hyundai Motor, SK and Doosan -- none of them has yet to announce a withdrawal of an earlier plan to attend the world’s biggest consumer electronics show. There was also no talk yet about s

South Korean budget carrier Air Premia Co. said Friday it has opened its first international cargo flight to Singapore to focus on the cargo business amid the COVID-19 pandemic. Air Premia plans to operate the Incheon-Singapore route every Friday at 8:30 p.m. The company said it will consider starting passenger flights to Singapore depending on the COVID-19 pandemic. It also plans to review whether to operate cargo flights to Vietnam next month. Air Premia's Boeing 787-9 jet is a medium-size

Samsung Electronics Co. said Friday its memory chip complex in the Chinese city of Xi'an went into an emergency mode as the Chinese authorities enforced a lockdown to stem the spread of the coronavirus. The South Korean tech giant said the emergency measure has not affected production, as it has been fully utilizing factory workers living in the company's dormitory. "The factory is currently fully operational," a company's official said, adding "We are closely watching the devel

Naver builds smart hospitals while Kakao uses AI to develop new drugs

Amazon Prime Video, a subscription-based video streaming service run by Amazon, joined cross-industry group 8K Association earlier in December, Samsung Electronics said Friday. Samsung Electronics, one of the founding members of the 8K Association, said in a statement that Amazon Prime Video’s entry raises the anticipations for the 8K ecosystem’s growth momentum, in addition to Google that joined the group in May this year. 8K refers to a set of high-performance standards that of

The Samsung Lions announced Friday they have re-signed their own free agent catcher Kang Min-ho to a new four-year contract. Kang, 36, will make up to 3.6 billion won ($3 million) in his second straight four-year deal with the Lions. Kang will make 2 billion won in total salary and 1.2 billion won in signing bonus, with another 400 million won available in incentives. One of the top offensive catchers in the Korea Baseball Organization (KBO), Kang batted .291 with 18 homers and 67 RBIs in 123