Many readers must have mistakenly dropped the dustbin of a vacuum cleaner at least once while cleaning it out. Worse still, all the dust, hair and unknown particles that are stuck together have to be dug out manually so they can be thrown in the trash. While technology advances among vacuum cleaners have been pronounced in recent years under the lead of manufacturers like Dyson, my try at using Samsung Electronics’ Clean Station for Jet vacuum was extremely satisfying. While, ad

‘Point-of-care test’ and ‘rapid diagnostic test’ kits prepared in collaboration with BBB, Humasis

Hyundai Motor Co. said Tuesday that it will supply 10 hydrogen buses to South Korea's defense ministry by next year. Under an initial agreement with the ministry, Hyundai Motor also said it will build a hydrogen charging station at a military training facility in the central city of Daejeon. The move comes as South Korea is pushing to use hydrogen as the main source of energy for cars instead of fossil fuel. Carmakers have been racing to go eco-friendly amid tightened regulations on emission

KT Corp., a major South Korean telecommunications firm, on Tuesday said it will acquire a 10 percent stake in a robotics unit of shipbuilding giant Hyundai Heavy Industries Group to enhance its competitiveness in smart factory and robot solutions. KT said it will acquire the stake in Hyundai Robotics Co., the largest industrial robot manufacturer here, for 50 billion won ($41.4 million). Hyundai Robotics is a wholly owned subsidiary of Hyundai Heavy Industries Holdings Co., the holding comp

Chinese TV makers are set to outperform their South Korean rivals in the global TV market as they have shipped more products in the second quarter amid the COVID-19 impact, according to a market researcher Tuesday. According to UK-based market tracker Omdia, Chinese TV manufacturers are projected to have shipped out 15.14 million units from April to June, much higher than that of Korean tech firms Samsung Electronics and LG Electronics. The domestic manufacturers here are estimated to have

South Korean businesses' sales and profitability worsened in the first quarter from three months earlier, central bank data showed Tuesday, amid slowing demand at home and abroad caused by the spread of the new coronavirus. In the January-March period, sales of local businesses dropped at an average 1.5 percent from the same period last year, accelerating from an average 0.5 percent on-year decline in the last three months of 2019, according to the data from the Bank of Korea. The quarterly r

Cash-strapped Doosan Group plans to sell its key construction equipment maker unit Doosan Infracore Co. as part of its self-rescue measures to receive financial support from creditor banks, industry sources said Tuesday. South Korea's 15th-largest conglomerate is seeking to sell its shares and assets to improve its financial structure and repay debts held by the flagship unit Doosan Heavy Industries & Construction Co. in return for a 3.6 trillion-won ($2.98 billion) lifeline from state-run

With China gearing up to enter the global semiconductor market, there have been notable changes in the market share of major memory chip producers in the last 10 years, data by the Federation of Korean Industries showed. According to the FKI, the United States, home to chipmakers like Intel, Qualcomm and Micron, kept its solid lead in the market with around 45 percent share for the past decade. Its share slightly dropped from 48 percent in 2010 to 47 percent in 2019. South Korea, the world&

LG Electronics Inc. on Tuesday introduced its new smartphone, the Velvet, in Europe as the South Korean tech firm hopes its latest handset can end a long slump in its mobile business amid the virus pandemic. Starting with Germany on Tuesday, LG will release the Velvet in major European countries, like Italy, Spain and the Netherlands. The company said it will also launch the Velvet in the Americas and other Asian countries in coming weeks. LG said the Velvet will be available in 10 colors, i

SEJONG -- South Korea's finance ministry said Tuesday it will extend anti-dumping duties on Japanese stainless steel plates for three years. South Korea has imposed the 13.17 percent anti-dumping tariff on the Japanese products since 2011, citing substantial damage to the local industry. The plates are widely used in different industries, including the petrochemical, shipbuilding and chip segments. The tariff mainly targets those from Japan's Nippon Steel Stainless Steel Corp., Nippon Yakin

South Korean gaming giant Nexon Co. is making all-out efforts for the successful launch of a mobile edition of its flagship title "Dungeon & Fighter" in China, industry sources said Tuesday. Neople, a subsidiary under Nexon responsible for the development of the mega-hit game, has recently opened a new office in Seoul that can house more than 300 employees, they said. Neople also recently announced a plan to newly hire hundreds of employees, such as programmers and overseas mark

A civilian committee plans to issue a decision next week on whether Lee Jae-yong, the de facto leader of Samsung Group, should be indicted over his alleged involvement in a merger and accounting fraud, informed sources said Monday. The Supreme Prosecutors Office informed Samsung, South Korea's largest conglomerate, of the plan for the panel of outside experts to deliver its verdict on the matter next Friday. Lee earlier called for a public assessment of the validity of the way that state pros

Mediforum, previously C-TRI, said Monday that it has signed for the domestic rights to LMTX, a pioneering Alzheimer’s disease treatment being developed by Singapore’s TauRX. Mediforum will complete the acquisition of the full intellectual rights to LMTX in Korea by the third quarter of this year, for which it will establish a subsidiary company in Korea. It is too early to say if this subsidiary will be a joint venture with TauRX, Mediforum said. LMTX is currently the only Alzheim

Aekyung Industrial said Monday it has launched its flagship cosmetics brand Age 20’s on Amazon, entering the US market for the first time. The cosmetics company said it will present the makeup products of Age 20’s, including the Essence Cover Pact, primers and tone-up boosters, all approved by the US Food and Drug Administration. Aekyung said launching the products on Amazon is expected to help raise the brand’s awareness in the US and global markets. The South Korean firm

HiteJinro Beverage, the beverage arm of HiteJinro, said Monday that it is launching Black Bori, its barley tea product, in one of the largest retailers in the US.  The company said it exported the first 260,000 bottles of Black Bori on May 30, and has completed the clearance procedure. It is the first time any South Korean beverage company has joined hands with a major retailer in the US, the company said. The company said the export deal was possible because the barley tea is