Apple Korea announced Monday it would open its second South Korean store in Yeouido, the financial district in northwestern Seoul, as part of a strategy to expand its sales and services in the country. Although the Seoul branch didn’t reveal an official date for the opening of the new Apple Store, the second shop is likely to open within the year. The second Apple Store of the global tech giant will be located in the first basement floor of the IFC Mall in Yeouido. Apple is opening

Several moves recently made by Samsung allude to a major change in the tech giant’s smartphone lineup strategy for 2021, according to various news reports on Monday. One of the biggest changes would be a reduction of the Galaxy Note, which used to be Samsung’s flagship smartphone model along with its signature S Pen and has been released in the second half of each year for the past 10 years. High-profile tipsters like Max Weinbach and Ice Universe, as well as smartphone-focus

South Korea's number of 5G users reached nearly 10 million as of end-October, ministry data showed Monday. The number of 5G subscribers stood at 9.98 million as of the end of October, up 735,113 from the previous month, according to data from the Ministry of Science and ICT. The 5G subscribers accounted for 14.2 percent of the country's mobile subscriptions totaling 70.4 million. South Korea commercially rolled out 5G in April 2019 for the first time in the world. The latest figure comes as

FKI survey shows foreign firms cite tougher tax system, higher labor demands, bureaucracy as difficulties in doing business in Korea

Celltrion, located in Songdo, Incheon, is being extra vigilant against the sudden spike of COVID-19 patients in the city, as it awaits conditional approval of its antibody treatment, according to a person familiar with the matter, Monday. “Employees at Celltrion are now advised to take their work laptops home with them every day, so that in the case we become confirmed patients, we can immediately work from home under quarantine,” a Celltrion employee told The Korea Herald under the

Jin Air Co., the budget carrier unit of Korean Air Lines Co., said Monday it will resume flights to Fukuoka next month on eased entry restrictions in Japan. Jin Air will provide one flight a week on the Incheon-Fukuoka route from Tuesday mainly to meet business travel demand, the company said in a statement. The Fukuoka route was suspended nine months ago as more than 180 countries and territories strengthened entry restrictions to stem the spread of the COVID-19 pandemic. Jin Air currently

The overall added value of South Korea’s mining and manufacturing industries suffered a 1.4 percent year-on-year drop last year, the sharpest drop since 1998 following the Asian financial crisis, according to the latest data from Statistics Korea. A tentative annual report released on Friday estimated the industry’s added value was worth 559.8 trillion won. Though the medicine, grocery, electric devices and automobile sectors enjoyed a bump in added value, sectors such as mechanic

South Korean drug firm GeneOne Life Science Inc. said Monday it has won approval to conduct a second phase clinical trial of its treatment candidate for the novel coronavirus in the United States. The US Food and Drug Administration (FDA) have approved a phase two study of GLS-1027, an oral drug candidate known to prevent severe pneumonia caused by COVID-19 infection. The candidate will be administered to 132 adult COVID-19 patients from the moment of their infection to evaluate the efficacy o

Apple Inc. said Monday it will open a new store in South Korea, expanding its presence in the country dominated by local tech giant Samsung Electronics Co. Apple said on its homepage that it will soon open a new store in Yeouido, western Seoul, its second official store in the country. Despite the US tech giant's popularity in the local market, it currently operates one official store in South Korea in southern Seoul. Apple's new iPhone 12 series has sold around 600,000 models since its launc

Samsung Electronics remained the world's leading TV vendor in the third quarter of the year, a report showed, as it accounted for one-third of the market amid the pandemic. The South Korea tech giant had an all-time high 33.1 percent market share in the global TV market in the July-September period in terms of revenue, according to data from industry researcher Omdia. Samsung sold $9.3 billion worth of TVs in the third quarter, up 22 percent from a year earlier, the data showed.

Apple Inc.'s iPhone 12 models have drawn a keen response in South Korea, with sales of the newest models estimated to be some 600,000 here since their launch late last month, industry sources said Monday, almost on par with the feat of Samsung Electronics Co.'s flagship models. The country's three major carriers -- SK Telecom Co., KT Corp. and LG Uplus Corp. -- are estimated to have sold around 500,000 iPhone 12 series models since Oct. 30, according to the sources. Considering that unlocked m

South Korea’s leading automaker and search engine platform have agreed to work together on tech services and seek partnerships with small firms. Hyundai Motor Group said Sunday that it agreed to work with Naver to cooperate in three business areas -- media and platform content, new mobility services and new business models -- and build relationships with small and midsized enterprises. Chi Young-cho, Hyundai Motor Group’s executive vice president for strategy and technology, and

As South Korea gears up to host the world’s largest forestry conference next year, KFS Minister Park Chong-ho underscores value of forests

As South Korean battery makers LG Chem and SK Innovation inch toward the deadline for a final ruling by the US International Trade Commission, scheduled for Dec. 10, rumors are swirling that the institution may delay the decision a third time, according to industry sources on Sunday. “There are multiple factors that make the rumors about a third delay plausible, such as the changing US administration and the continued spread of COVID-19,” an industry source told The Korea Herald.

Hyundai Engineering & Construction will rent out new housing units in Bongdam in Hwaseong, Gyeonggi Province, starting in December. Hyundai E&C said Sunday the company’s rental housing units, named Hillstate Bongdam, will be an alternative for those who are reluctant to purchase apartments in the overheated housing market in Seoul and nearby areas. The Bongdam apartments are part of the government‘s rental housing policy devised to help people to lease apartment units on a