Samsung Electronics Co. said Monday it has signed a partnership with Hanwha Q Cells Co., a local solar power cells and modules producer, to develop home energy solutions. The two sides agreed to work together in establishing "zero energy homes," referring to homes that produce their own power with renewable energy sources to reduce carbon emissions. Their collaboration will be first available in the United States and Europe, where there is high demand for green energy, according to

The COVID-19 pandemic has had great significance for marketers around the world. In the face of the new coronavirus, consumer behavior changed drastically. The non-face-to-face trend shifted market dynamics in a way no one could have foreseen.  Yet in this time of uncertainty, some brands managed to stay strong. This is proof of the sticking power of a brand built on good products and years of honest customer relationships.  Consumer trust and loyalty are hard to come by, but once e

Volvo recently unveiled a concept car that shows where the automaker is going in its electrification drive. The Volvo Concept Recharge, which the firms described as “a manifesto for the next generation of all-electric Volvos,” introduces a host of improvements in car design, functionality and safety features. They include a much roomier interior made possible by the removal of the internal combustion engine and the adoption of the flat floor. By replacing a battery pack under the

Biomedicines, batteries and OLED panels are rising as key drivers of exports in South Korea, which Seoul officials see as a hopeful sign of the economy becoming more resilient and future-oriented. According to the Ministry of Trade, Infrastructure and Energy on Sunday, the first half of 2021 reinforced a continuing trend of seven product categories, identified by the government as new growth items, making bigger contributions to the country’s total exports. The seven are bio and health

Art is displayed on an LG Electronics’ OLED TV in this promotional image released by LG Electronics on Sunday.  The South Korean home appliance brand has collaborated with local cultural and art content provider Polestar Art to add the K-Fine Art theme on its OLED Gallery app so customers can enjoy Korean artists’ works for free, the firm said. (LG Electronics) (khnews@heraldcorp.com)

Old controversy reignited by frustrated teens denied access to Minecraft

South Korea’s antitrust watchdog has launched a probe into e-commerce giant Coupang over the accusation that the company has meddled with algorithms to prioritize its own products, according to multiple reports on Sunday. According to the reports, the Korea Fair Trade Commission conducted an on-the-spot inspection at Coupang’s headquarters office in Seoul late last month following accusations that it had violated the Fair Trade Act. One of the accusations claims that Coupang had me

Pandemic saw surge in demand for courier services, particularly among those in 20s and 70s

Samsung SDI Co.'s electric vehicle (EV) battery business is expected to have turned to operating profit for the first time in the second quarter on strong demand by global automakers, analysts said Sunday. Samsung SDI Co., the battery arm of Samsung Electronics Co., was forecast to have posted 3.4 trillion won ($3 billion) in sales and 252.7 billion won in operating profit in the April-June period, according to the data from 15 local brokerage houses compiled over the past month. Samsung SDI's

South Korea's oceans ministry said Sunday it plans to launch a new platform to provide the latest information on the radiation level in local seas to the public amid growing safety concerns over Tokyo's planned release of contaminated water. "We plan to minimize the public's concerns over the safety of our waters and seafood, and bolster monitoring on the radiation level of the ocean," the Ministry of Oceans and Fisheries said in a statement. In April, the Japanese government said it

Hyundai Motor Group's eco-friendly vehicle sales in South Korea jumped nearly 40 percent in the first half of this year compared with a year earlier on strong demand for hybrid models and new electric vehicles, its sales data showed Sunday. The combined domestic sales of eco-friendly models by the Korean automotive group's two affiliates -- Hyundai Motor Co. and Kia Corp. -- stood at 94,435 units in the January-June period, up from 67,798 units a year ago, according to their sales data. Among

LG Corp., the holding company of Korea’s fourth-biggest conglomerate, on Friday inked a 100 billion-won ($88 million) investment deal with Kakao Mobility as part of efforts to discover new opportunities in future mobility. Both sides did not reveal how much stake LG would acquire in the digital transportation service app operator with the latest deal. LG said the investment was made as part of considerations to develop potential synergy between the conglomerate’s affiliates and

SK Energy and Korea Electric Power Corp. agreed to jointly develop automotive services to promote the use of electric vehicles in the country, SK said Friday. SK Energy, South Korea’s leading oil refinery and gas station operator, said it is partnering with the state-run electricity provider Kepco, which operates the country’s largest EV charging infrastructure business, to expand its EV service business. SK Energy P&M CIC Chief Executive Officer Oh Jong-hoon and Kepco Vice

South Korean central nervous system drug developer SK Biopharmaceuticals CEO Cho Jeong-woo vowed to help the firm attain a value of 50 trillion won ($44.02 billion) by 2030 and make the list of the world’s top 10 health care firms. SK Biopharm shared its latest corporate vision during an online event titled “Financial Story,” held Friday. During the event, SK Biopharmaceuticals presented detailed strategies to achieve the goal. SK Biopharm said the company would launch mor

Vice Chairman Shin Hak-cheol aims to hire young engineers who could lead future R&D with ESG focus