A key supplier to Apple and a dozen other tech giants plans to split its supply chain between the Chinese market and the US, declaring that China’s time as factory to the world is finished because of the trade war. Hon Hai Precision Industry Chairman Young Liu said it’s gradually adding more capacity outside of China, the main base of production for gadgets from iPhones to Dell desktops and Nintendo Switches. The proportion outside the country is now at 30 percent, up from 25 pe

LG Electronics signed a deal Wednesday with local partners to develop 6G telecommunication technologies, the company said. South Korea's No. 2 tech firm partnered with the Korea Research Institute of Standards and Science, and the Korea Advanced Institute of Science and Technology to develop technologies for the next-generation wireless communications system. The three will focus on researching terahertz frequencies and solutions that can deliver 1 terabyte-per-second data transmission speed.

Foreign brands operating in South Korea are lending a helping hand to recovery efforts during the record-breaking monsoon season. McDonald’s Korea said Wednesday it will donate burgers and drinks for 5,000 volunteers and soldiers who are working to combat the flood damage in provinces hit hardest by the heavy downpours. The burger chain will distribute Big Mac burgers and drinks for those helping recovery efforts in seven regions including Cheorwon and Chuncheon in Gangwon Province, Ch

Motional aims to make driverless vehicles ‘safe, reliable and accessible reality’

Fiat Chrysler Korea announced Wednesday that it has appointed Jake Aumann as its new president and managing director. Aumann served as managing director of the automaker’s China branch for the past two years, successfully leading Alfa Romeo, a subsidiary auto brand, the company said. The new president will start his duties Monday. Since joining FCA Group in 1999, Aumann gained work experience in various sectors in the company, including administration, change management, marketing, sal

Hanwha Q Cells said Wednesday it has received a prestigious award in Germany, taking the first place in the electrical industry category, topping major local players including R. Stahl and Dehn und Söhne. Arranged by German publication Focus Money, the award commissioned the Institute for Management and Economic Research to analyze 15.7 million online customer responses on some 5,000 companies across 270 industries and chose the most reputable companies evaluated by various categories. P

The number of digital driver’s license app users in South Korea has surpassed 1 million, according to major telecommunications firms here Wednesday. Personal smartphone authentication app Pass was developed in June, as a collaboration between SK Telecom, KT, LG U+ and the Korean National Police Agency. The digital driver’s license is currently used as to show driver’s qualification and as identification at convenience stores. The local mobile carriers said they plan to incr

South Korean telecom firm KT on Wednesday announced the launch of its subscription-based game service that streams computer and console games on smartphones. The streaming service will be up against rivals SK Telecom and LG U+, who have joined hands with Microsoft and Ndivia, respectively, for a similar service. KT said it has decided to offer a platform that is more flexible and fits the demands of local users. The company started its beta tests of the cloud-based gaming service GameBox sev

Concerns rise of securing supply but also of “overly hastened” development

  GEOJE, South Gyeongsang Province -- HMM St. Petersburg is the world’s largest container ship, capable of carrying 24,000, 20-foot container boxes at once. The vessel is about 400 meters long, 61 meters wide and 33.2 meters high, and the deck is about 400 meters. HMM St. Petersburg is the last 24,000 TEU, or twenty-foot equivalent units, vessel of 12 super-large ships built as part of South Korea’s five-year plan to rebuild the country’s shipping industry. Sev

Agricultural produce prices have surged as the monsoon season continued for nearly 50 days, according to data by the Ministry of Agriculture, Food and Rural Affairs. The ministry said it will implement measures to stabilize supplies of vegetables that are consumed the most during the summer and autumn seasons such as Chinese cabbage, radish, zucchini and perilla leaves.  (khnews@heraldcorp.com)

  Jeju Air Co., South Korea's biggest low-cost carrier, on Tuesday announced a revised second-quarter earnings report, which showed the company posted larger net losses than initially estimated due to the unsuccessful acquisition of debt-ridden Eastar Jet Co. Net losses reached 100.6 billion won ($84.4 million) in the April-June period, which was 17.4 billion won higher than the previous announcement, the company said in a regulatory filing. Jeju Air attributed the adjustment to the cost

Hope it isn’t too late to express my thanks to Roy Jakobs, head of personal health business of Royal Philips. I was more than lucky to meet the Philips executive at the Consumer Electronics Show 2020 in Las Vegas held in January, obviously when the world was yet naïve to the COVID-19 pandemic. During an interview with Jakobs, I was impressed by his shiny smile during our conversation about the importance of oral hygiene and related Philips products. Naturally, I decided to try o

HDC Hyundai Development Co. which was poised to acquire Asiana Airlines said Tuesday it will hold talks with the majority shareholder Kumho Industrial to revive the stalled deal. Negotiations between both sides may effectively go on after the Wednesday deadline. A Kumho Industrial official confirmed that the deadline is no longer binding as the deal hinges on the planned talks between working-level staff at both companies. Another official at HDC said that the “details have yet to be de

Authorities unsure who is responsible for management of explosive ammonium nitrate in Korea