SK Functional Polymer is a Paris-based subsidiary of petrochemical company SK Geo Centric that produces thermoplastic materials used in packaging and automotive industries. 　Pascal Sauvaire, chief operating officer of SK Functional Polymer, says the most important thing for the company is “to stay ahead of the curve in terms of green technology, trends and solutions.” 　“Recycling and the green economy have been the main trends in the packaging industry for some time,”

With centimeter-level precision, Korean Positioning System to bring software independence in space, executive says

From product browsing to technical support, LG Chem’s integrated digital sales platform “LG Chem On” allows customers to find the right materials they need with just a few clicks. Launched June 1, the platform makes the complicated process of business-to-business procurement as easy as ordering groceries online. Before, clients of LG Chem, such as manufacturers of home appliances or automobile parts, had to first register by email to access product information, then meet w

Samsung Electronics and Harvard on Sunday introduced a new approach to mimicking the mechanism of a human brain on a memory chip. In a paper published in Nature Electronics, Samsung engineers and Harvard researchers explained how to create memory devices that can better mimic the unique computing traits of a human brain -- low power, facile learning, adaptation to environment and autonomy and cognition. The paper suggests copying the brain’s neuronal connection map using nano-electrod

South Korea's full service carriers, including Korean Air Lines Co., are predicted to post strong earnings in the third quarter of the year on the back of a rise in air cargo rates, analysts said Sunday. In a consensus estimate of 10 analysts by Yonhap Infomax, the financial news arm of Yonhap News Agency, Korean Air is forecast to record 176.8 billion won ($150 million) in operating profit in the July-September period, a turnaround from an operating loss of 31.4 billion won in the same period a

A Seoul district court has ruled Samsung Securities Co. must compensate investors for half of their damages incurred due to a 2018 dividend error by an accidental stock issuance, judicial sources said Sunday. The Seoul Central District Court recently ruled partially in favor of three investors who filed damages suits against the brokerage firm for the "fat-finger" error caused by an official at the firm on April 6, 2018. If the ruling is confirmed, Samsung Securities must give between

LG Uplus Corp., a major South Korean mobile carrier, said Sunday it will offer Disney+ through its internet protocol television (IPTV) platform as the flagship streaming service from US media giant Walt Disney Co. is set to launch in the country in November. The carrier said it has signed a deal with Walt Disney Company Korea so that Disney+ will be accessible from its U+tv platform, strengthening competitiveness against rivals KT Corp. and SK Telecom Co. LG Uplus already bundles Netflix with it

From virtual shops, promos to staff training, companies rush to have something virtual

TURIN (AFP) -- Tesla boss Elon Musk on Friday said that a global semiconductor shortage hitting car firms especially hard would be overcome soon. The chip drought is "short term, I think," the billionaire said in an appearance by video at Italian Tech Week in Turin. "There are a lot of chip fabrication plants that are being built," Musk told the audience of startups, investment funds and tech entrepreneurs. "I think we will have good capacity for providing chips by ne

Including South Korea’s Samsung Electronics, technology companies and automakers were asked to make efforts to improve transparency about their US supply chains during a meeting hosted by US Secretary of Commerce on Thursday, according to news reports. Samsung was among a list of companies including TSMC, Intel, Apple, Microsoft and some automakers, which tuned into the meeting held via teleconference, according to the reports. The companies were asked to submit documents including inf

Michelin-starred chef Gordon Ramsay will open a Seoul branch of his famed burger restaurant at Lotte World Tower in Jamsil, southern Seoul, this December. The Seoul location will be the first Gordon Ramsay Burger in Asia, and the third branch to open globally. Ramsay rose to stardom as the iconic host of “Hell’s Kitchen,” an American cooking competition show that has aired since 2005. The British chef owns several restaurants under his name which, all together, have earned

South Korea’s leading battery maker LG Energy Solution announced Friday that the company and UC San Diego have co-developed a new solid-state battery that is safer and more durable than existing ones. The research results have been published in Science, one of the top peer-reviewed academic journals, the company added. According to LG Energy Solution, the new solid-state battery, which uses both a solid state electrolyte and an all-silicon anode, has shown positive results during initi

The secondhand smartphone market is enjoying a bump from recent releases of flagship models from Samsung and Apple. According to Bungaejangter on Friday, a South Korean mobile secondhand marketplace, the volume of transactions for used smartphones has reached some 100 billion won as consumers switched to new phones. Used phone transactions have become the most traded category on the platform during the first half of this year so far. The company said the “secondhand market has been energ

Lotte Department Store is offering its first-ever voluntary retirement since first opening 42 years ago. The operator of the department store chain, Lotte Shopping, said Friday it told employees that it will be “accepting voluntary retirement applications for the next two weeks” in an internal announcement Thursday. The restructuring program is particularly for staff members who have worked for the firm for more than 20 years. Around 2,000 employees meet this qualification, the

Samsung Electronics Co. is reinforcing its supply chain in Asia to meet increased demand of its products amid the pandemic, industry insiders said Friday, as the South Korean tech giant eyes to build more plants and expand its workforce. Samsung is currently building a TV manufacturing plant in Karachi, Pakistan. It is expected to be in operation in the fourth quarter of the year and produce 50,000 units annually. The news was recently revealed by Abdul Razak Dawood, adviser for commerce and