Samsung Electronics Vice Chairman Lee Jae-yong, the de facto leader of South Korea's top conglomerate, returned home Wednesday after meeting with top executives from ASML Holding NV, the world's leading photolithography equipment maker, in the Netherlands. Lee met with ASML CEO Peter Wennink and ASML Chief Technology Officer Martin van den Brink at ASML headquarters in Eindhoven, the Netherlands, on Tuesday before returning to South Korea, Samsung said. Lee departed for Europe last Thursday,

Size of foreign expert recruitment

Wcoding focused on providing international coding education programs for Korea and Asia

Apple Inc. said Wednesday it will launch its new smartphone, the iPhone 12, in South Korea later this month as the US tech giant aims to attract more consumers here with its first 5G-supporting handset. Apple on Tuesday (local time) unveiled four models of the iPhone 12 series -- the 5.4-inch iPhone 12 Mini, the 6.1-inch iPhone 12, the 6.1-inch iPhone 12 Pro and the 6.7-inch iPhone 12 Pro Max. Of them, Apple said the iPhone 12 and the iPhone 12 Pro will go on sale in South Korea on Oct. 30, o

South Korean telecom giant KT Corp. is set to strengthen its top pay TV operator position in the local market after its satellite broadcasting unit clinched a deal to acquire a local cable TV operator. In a regulatory filing late Tuesday, KT Skylife Co. said it will acquire Hyundai HCN Co.'s broadcasting business for 491.1 billion won ($427.4 million) by July 30, 2021. Currently, Hyundai HCN is in the process of spinning off its broadcasting division, which will retain the original name, as a

Hyundai Motor Group Executive Vice Chairman Chung Euisun is set to take the helm of the nation’s largest automaker through the group’s emergency board meeting on Wednesday morning, according to industry sources on Tuesday. This promotion is interpreted as reflecting growing concerns that a chairman should lead the group and has responsible management as the automobile industry has been suffering from the recent coronavirus. His father Chung Mong-koo, 82, who was hospitalized in J

Hyundai Motor Group said Tuesday it had begun the construction of its open mobility innovation center in Singapore. The automaker held an online groundbreaking ceremony for its new global lab called Hyundai Motor Group Innovation Center in Singapore, or HMGICS, at Hyundai-Kia Motors Namyang R&D Center and Jurong Town Hall in Jurong, in western Singapore. The ceremony was held online by connecting the venues in the two countries by video link in consideration of the COVID-19 situation. Th

SK Biopharmaceuticals has licensed out its breakthrough epilepsy drug cenobamate to Japan’s Ono Pharmaceutical for 53.1 billion yen ($503 million), the company said via shareholders’ notice, Tuesday. The contract gives Ono the rights to develop and commercialize cenobamate in Japan. SK Biopharmaceuticals’ CEO Cho explained that this is a strategic decision to enter Japan, one of Asia’s largest pharmaceuticals market. Cenobamate is a drug for partial-onset seizure pa

LS Cable & System Asia announced Tuesday that the company‘s operating profit in the third quarter recovered from that of the previous quarter, jumping by 827 percent. The South Korean company’s operating profit in the third quarter reached 5.1 billion won ($4.4 million), while sales marked 145.9 billion won. Compared to the same three-month period last year, the company‘s operating profit decreased by 20 percent, when the sales increased by 6 percent, according to the co

SK Innovation’s battery project in the US has garnered support from a state official who called the project an “economic game-changer.” In a recent column posted on Main Street News by Pat Wilson, Commissioner of the Georgia Department of Economic Development, the official endorsed SK Innovation’s construction of two battery plants, worth $2.6 billion, to be completed in Jackson County, Georgia, by 2023, citing the economic opportunities they have already generated and

GS Caltex said Tuesday it has combined drones and self-driving robots to establish contact-free logistics platforms for islands and mountainous areas. According to the South Korean refiner, it held a drone delivery test event at its gas station in Yeosu, South Jeolla Province, to test the economic feasibility of the automated delivery service. During the test, a customer living in a nearby island placed an order through a mobile app of GS25, a convenience store chain owned by GS Retail. The

Low-cost carriers seek ways to keep business afloat amid pandemic

BMW Korea said Tuesday it donated 12 cars to be used for research and study to high schools and universities that specialize in automobiles. The 12 BMW vehicles, which include BMW Minis, were delivered to five high schools, five universities and two government entities, including Korea Transportation Safety Authority and Korea Petroleum Quality & Distribution Authority. “The donated cars would be the driving force for the students to take a step further toward their future dreams,

Posco International said Tuesday that it has won an order for electric vehicle parts from Vietnam’s automotive manufacturer VinFast in partnership with Korean parts firm Erae AMS. It is the first time for the trading company to supply auto parts to VinFast. Vinfast is Vietnam’s first automaker, with investment from Vietnamese conglomerate Vingroup. The halfshaft supplied to VinFast is a component that acts as a drive shaft in an electric vehicle. The product is to be supplied from

South Koreans' card payments to Netflix reached a fresh high of 46.2 billion won ($40.2 million) last month, data showed Tuesday, a nearly twofold jump from a year earlier. An estimated 3.36 million people here spent the record amount in September on the popular video streaming platform, according to app tracker WiseApp's data based on local payments made through credit and debit cards on Netflix. Last month's figure marks a jump from the 24.1 billion won spent in September last year by an est