The Malaysian government has decided to reverse its preliminary decision to impose anti-dumping tariffs on Korean polyethylene terephthalate products, according to industry officials on Sunday. After an investigation, Malaysia’s Ministry of International Trade and Industry recently concluded that PET products imported from Korea will not damage the country’s oil and chemical industries, and decided to lift the temporary anti-dumping tariffs, according to industry sources here. Acc

Samsung Electronics Co. is mulling multiple new smartphone launches in August, industry sources said Sunday, as the South Korean tech giant eyes to expand its leadership in the mobile market. Samsung, the world's largest smartphone vendor, is in talks with local mobile carriers over releasing its new smartphone models, including the Galaxy S21 FE, the Galaxy Z Fold3 and the Galaxy Z Flip2, in late August, according to the sources. If confirmed, the new smartphones will be launched earlier th

South Korea's oil refining industry is expected to rebound in the first quarter thanks to surging global oil prices and a recovery in refining margins after hemorrhaging from the pandemic-driven slump last year, analysts said Saturday. Four refiners -- SK Innovation Co., GS Caltex Corp., S-Oil Corp. and Hyundai Oil Bank Corp. -- registered their worst performances ever last year, stung by slumping crude prices, weak refining margins and tumbling demand due to the coronavirus pandemic. The fou

Samsung Electronics will share its 505 patented technologies with local small and medium enterprises, the Ministry of Trade, Industry and Energy said Friday. The list comprises 213 mobile technologies, 68 semiconductor technologies, 68 display technologies, 45 telecommunications technologies and 31 medical equipment technologies, and others. The SMEs that wish to benefit from the governments technology transfer program are required to submit their application via the ministry or the Korea Ins

Naver plans to expand its research and development network in the North American region, particularly focusing on Silicon Valley, as part of its globalization efforts, according to officials. The research team is seeking talent from across the globe who will be allowed to work in either Korea or the US, the South Korean internet giant said at 2021 Naver Search Colloquium which took place online on Friday. Kim Jin-young, the newly appointed Head of Data Science and Director of US R&D at Nav

Roche Diagnostics Korea announced Thursday that the company has received approval for the cobas test, an assay used to specifically detect the severe acute respiratory syndrome coronavirus in laboratories settings. According to Roche, the cobas test is capable of qualitative detection and differentiation between SARS-CoV-2, Influenza A and Influenza B present in nasal swab samples collected from individuals suspected of a respiratory infection. Roche’s laboratory-based assay cobas SARS

Amid the heightening competition in the global chip foundry market, Samsung Electronics unveiled a new packaging technology Thursday that would help differentiate its foundry service.  Samsung said it has completed the development of the next-generation 2.5D packaging technology named Interposer-Cube4, or I-Cube4, which is immediately available for customers. Samsung’s I-Cube is a heterogeneous integration technology that horizontally places one or more logic dies, such as a CPU or

Doosan Heavy Industries & Construction will transform plastic waste into gases by heating it up, and extract hydrogen from those gases, the company said Thursday. Seeking to jointly develop the hydrogen extraction system, Doosan Heavy has partnered with RevoTech, a local plastic pyrolysis firm which possesses the technology involved in feeding plastic waste non-stop into heating equipment. The initial goal is to develop within the year a hydrogen reformer that can produce 0.3 metric ton

Vancouver-based firm says its tech retrieves almost 100 percent key metals from defective EV batteries, creates value from scraps

Kakao Corp., the operator of South Korea’s top messaging app KakaoTalk, posted a record-breaking revenue of 1.25 trillion won ($1.1 billion) for the first quarter, up 45 percent from a year earlier, the company said Thursday. Its operating profit also rose by 79 percent to a record-breaking 157.5 billion won during the same period, largely on the back of its taxi-hailing and digital wallet services. The relatively new platform business, including Talk Biz, Portal Biz and New Business, ra

KT Corp., a South Korean telecom giant, said Thursday it has formed business ties with IBM Korea and local major banking firm Woori Bank to develop artificial intelligence (AI) technology for financial services. The three will establish an AI lab to develop new services, such as an AI-based language model specifically designed for the financial sector and an asset management system that uses AI technology to make quick and accurate market predictions, according to a statement from the telecom o

Samsung Electronics Co. is expected to stay on as the world's third largest vendor of true wireless stereo (TWS) products, including wireless earbuds, for this year as competition heats up in the fast-growing hearables market, a report showed Thursday. Samsung's market share in 2021 was estimated to stay unchanged at 7 percent and sit behind its rivals Apple Inc. and Xiaomi Corp., according to market tracker Counterpoint Research. The South Korean tech giant, which makes Galaxy Buds in-ear dev

Samsung Electronics Co. is expected to become the world's top semiconductor vendor in the second quarter of the year beating its US rival Intel Corp., a report showed Thursday, on the back of strong memory demand. The South Korean tech giant was projected to log $18.5 billion in semiconductor sales in the April-June period to outperform Intel with $17.9 billion and recapture the leading position for the first time since the third quarter of 2018, according to the McClean Report from market res

The race to acquire South Korean food delivery platform Yogiyo has attracted retail giant Shinsegae, accommodation booking platform Yanolja and big private equity funds, according to industry sources on Wednesday. Yogiyo’s German operator Delivery Hero and sale adviser Morgan Stanley received preliminary bids Tuesday for a 100 percent stake in Yogiyo up for sale. According to the sources, around eight parties have joined the acquisition race, including Shinsegae and Yanolja. South Kor

COVID-19 self-test kits developed by local companies are available at convenience stores here, startubg Wednesday. GS Retail announced Wednesday that the company’s convenience store chain GS25 would begin the sale of COVID-19 self-test kits at around 2,000 locations nationwide, the South Korean retail company said. They products would be also available at the company’s grocery store chain GS Supermarket and health and beauty chain Lalavla, starting on Friday. There are two produ