SK chief vows to play leading role in post-coronavirus economy

Latest model signals new chapter for Korean carmaker with exclusive platform

Starting in 2016 as food truck in Seoul, Gopizza runs 100 stores across Asia

Natural disasters could present hurdle to plans for world’s largest offshore wind farm

SK Innovation said Tuesday that it would sell off 49 percent of its petrochemical subsidiary, SK Global Chemical, as part of a strategy to unload carbon-intensive assets and focus its investments on green businesses. SK Innovation currently controls 100 percent of SK Global Chemical. According to the South Korean battery and petrochemical giant, it selected JP Morgan as a financial adviser in November before making the decision. “SK Global Chemical is reviewing a partnership with glob

Quantum Sphere 360 technology tracks opponent’s footsteps with precision in shooting game

Big Hit Entertainment Co., the management agency behind global superstars BTS, said Tuesday its net profit rose 19 percent last year from the previous year amid the growing popularity of its flagship K-pop group. Net profit stood at 86.2 billion won ($77.6 million) in 2020 on a consolidated basis, compared with 72.4 billion won the previous year, the company said in a regulatory filing. Annual operating profit jumped 44.2 percent on-year to 142.4 billion won, while sales rose 35.6 percent to 7

Clubhouse, an audio social media app that has generated buzz worldwide, has been gaining popularity in South Korea as popular celebrity users, from K-pop artists to politicians, join the invitation-only platform. The iPhone social media app, in which users enter rooms to chat with one another by voice, reached 195,000 downloads in South Korea as of Feb. 16, according to mobile analytics company App Annie on Tuesday. While the app, developed by US-based startup Alpha Exploration Co., ranked at

Iljin Materials said Tuesday it has shipped the first batch of domestically produced ultrathin copper foils to be used for semiconductor packing to Samsung Electronics. According to the electronic material producer of Iljin Group, it became the first South Korean company to commercialize the ultrathin copper foils, which had been produced exclusively in Japan. “When the Great East Japan Earthquake broke out in 2011, Samsung Electronics experienced difficulties importing the copper foi

Company behind Choco Pie to branch out into Indian market

Samsung Electronics announced on Tuesday it is launching the advanced image sensor ISOCELL GN2 with a more true-to-life auto focus function that makes the microchip operate similar to human eyes. ISOCELL is Samsung’s image sensor brand developed by its System LSI Business. Samsung, which is on a path to expand its presence in the system-on-chip market, including the image sensor sector, has been increasing efforts to bolster its product lineup. The newest ISOCELL GN2 boasts a new 5

Governmental ministers from multiple countries gathered on Tuesday at the Connected for Shared Prosperity forum co-hosted by Huawei and GSMA to mark the opening of Mobile World Congress Shanghai 2021. Speakers, including ministers from Spain, Portugal, Hungary and more, agreed that the global economic recovery is increasing instep with greater enforcement of pandemic control measures. They also agreed that reductions in emissions, more jobs, and more initiatives in facilitating prosperity ar

South Koreans are estimated to have spent an hour on average on the mobile YouTube app a day last month, data showed Tuesday. The average time a local mobile user spent on the video streaming app in January stood at 30 hours and 34 minutes, or 59 minutes a day, according to mobile app tracker WiseApp, based on data of Android and iOS users over the age of 10 in the country. WiseApp said there were 40.41 million mobile users who used the YouTube app at least once last month, with those aged 50

South Korea on Tuesday finalized a five-year plan for the eco-friendly auto industry, which includes expanding exports of such automobiles by threefold by 2025. The country's exports of eco-friendly cars, which includes electric and hydrogen fuel cell models, will reach 830,000 units in 2025, significantly rising from 280,000 units tallied in 2020, according to the Ministry of Trade, Industry and Energy. South Korea shipped $37.4 billion worth of automobiles in 2020, down 13.1 percent on-year

LG Display Co., a major display panel maker in South Korea, said Tuesday it has developed a large-size oxide-based thin film transistor (TFT) for a digital X-ray detector (DXD) as the company aims to foster its diagnostic imaging business for future growth. LG Display said its oxide TFT -- which comes in sizes of 43 centimeter× 43 centimeter and 35cm×43cm -- is the industry's first large-size oxide TFT for DXD use. A TFT acts as a switch to individually turn each pixel on or off