SK hynix announced Monday that the chipmaker has finished development of its 176-layer 512-gigabit 4D NAND flash chips, the third generation product in its 4D NAND line-up. The Korean chipmaker is the second player, after US-based Micron to announce the industry’s highest-level NAND product, beating market leader Samsung Electronics. According to the company, its new 176-layer NAND flash has cells with 20 percent faster read speed and 33 percent data transfer speed at 1.6Gbps -- when co

Samsung Electronics Co. said Monday it will introduce a new Micro LED TV later this week as the South Korean tech giant tries to further boost its presence in the premium TV market. Samsung said it will unveil its new Micro LED TV product at a webinar Thursday. The world's largest TV producer has yet to reveal the product's specification and price, but industry insiders predict it will be a Micro LED TV for home entertainment use. The Micro LED TV uses micrometer-sized LED modules as singula

LG Group said Monday it has set up an artificial intelligence research center called LG AI Research as part of its digital transformation strategy to create better value for customers. The research institute will study data intelligence that predicts optimal judgment through big data analysis, next-generation voice, image recognition and analysis technology, and language processing technology that enables natural situation recognition. To this end, it will establish a high-performance computin

Consumption of meat per capita per year

Korean Air Lines Co. said Monday it will begin charging additional fees on emergency exit row seats when booking international flights next year. South Korea's biggest carrier said on its website that optional fees will be charged on exit row seats with extra legroom, which are located in the front row of each section of the economy class, starting Jan. 14. Emergency exit row seats will be limited to passengers that satisfy the official safety requirements, and those who book the seats will b

Daewoo Shipbuilding & Marine Engineering Co. said Monday it has signed an initial deal with a European company to build 10 very large crude carriers (VLCC). The deal is expected to be concluded by the first quarter of next year, Daewoo Shipbuilding said in an emailed statement. The 300,000-ton crude carriers will be propelled by both liquefied natural gas (LNG) and fuel oil, the shipbuilder said. Daewoo Shipbuilding will have a chance to build vessels to be fueled by the two energy sou

LG Uplus Corp., a major South Korean telecom operator, has the fastest 5G download speed among South Korean mobile carriers, a report showed Monday. The mobile carrier's median 5G download speed in Seoul stood at 476.5 megabits per second (Mbps), followed by the country's largest mobile carrier SK Telecom Co. at 436.2 Mbps and telecom giant KT Corp. at 425.8 Mbps, according to a report by market researcher RootMetrics, RootMetrics added that LG Uplus had greater accessibility to 5G in the cap

Naver Corp., the operator of South Korea's dominant internet portal, said Monday that more than 45 million accumulated views have been made at its live-streaming shopping platform in the four months since its launch. More than 45 million accumulated views were recorded and 400,000 purchases made at Shopping Live since the platform was launched on July 30, Naver said. Live commerce, or TV home shopping-style mobile shopping, has recently emerged as a potential game changer for the country's ret

　About 40 percent of parcel delivery drivers in South Korea work more than 14 hours a day during peak seasons, government data showed. 　The Labor Ministry released its study on the working conditions and health of couriers following a recent series of deaths of workers, apparently from overwork. The survey was conducted online on 1,862 workers at four major logistics companies from Nov. 1-13. 　The survey found that 41.6 percent worked 14 hours per day during busy times of year, including

The US has decided to impose anti-dumping duties on South Korean oil pipelines of up to 15 percent. According to the Korea International Trade Association on Sunday, the US Department of Commerce recently made a final ruling at an annual review of anti-dumping duties on Korea oil pipelines to levy tariffs between 9.33 percent and 15.07 percent. Compared to last year’s figure, which stood at 22.7 percent to 38.87 percent, the tariffs have been slashed by more than half. The US Departme

SK Innovation to step up to fore

Benz offers both gasoline, diesel models with improved driving assistance feature

KT, South Korea’s leading telecommunications firm, will provide support to local companies to join a foreign tech fair to help them enter the global market, the company said Sunday. The telecommunications firm recently selected four partner firms that it will provide support in introducing products at KT‘s designated exhibition booth at the Gulf Information Technology Exhibition 2020. The fair, which celebrates its 40th anniversary this year, has been attracting some 4,000 firms

Tech giant braces for next year after conducting biggest personnel reshuffle in 3 years

Poongsan Group Chairman and CEO Ryu Roy Jin joined the CSIS Board of Trustees, Friday. The Center for Strategic and International Studies is a Washington-based think tank. “I am delighted to welcome Roy to our Board of Trustees,” said CSIS President and CEO John J. Hamre. “CSIS will benefit tremendously from his global vision and innovative spirit.” Since 1998, Ryu has served as chairman and CEO of Poongsan Group, one of the largest manufacturers of copper products a