The Korea Herald, the nation’s largest English newspaper by circulation, will hold its annual business forum on Oct. 19 to shed light on the latest technology trends that could change the way people live and the ways to make the transition smooth and effective. Under the theme of “Humanity in Tech,” the forum invites policymakers, industry leaders and diplomats to discuss what technological advances mean for people-to-people exchanges and the life adjustments needed to make the

South Korean semiconductor stocks are treading on a bumpy road as slowing orders in the chip industry plaguing memory powerhouses Samsung Electronics and SK hynix have dampened prospects. Since January, Samsung Electronics' share price has fallen nearly 30 percent, while its hometown rival SK hynix has seen its share price drop over 30 percent. On top of this, stock analysts are revising down the price target of the two memory chip giants, and expecting the quarterly profit to turn slimmer

The Medicines and Healthcare products Regulatory Agency -- the UK’s drug authorization body -- has granted Celltrion sales approval for oncology biosimilar Vegzelma in the country, the South Korean company announced Monday. According to Celltrion, Vegzelma was authorized for the treatment of multiple types of cancer including metastatic breast cancer, non-small cell lung cancer, ovarian cancer and cervical cancer. The UK approval came a month after Vegzelma received a green light from th

South Korea will cut down the time it takes to complete the review process for national research and development projects to 4 1/2 months from the current seven-month period to secure the timeliness of certain projects, the Ministry of Science and ICT said Friday, as it announced the revised policies to enhance the country’s preliminary feasibility study for R＆D projects. According to the ministry, projects that will be subject to the new review policy will be limited to those that pass th

More investment on US soil opens up chances for Korean firms to build overseas plants

Chip factories have long been considered the biggest culprit in the computing industry behind climate change. Advancing abatement technologies to reduce carbon emissions is the top priority in the Samsung Electronics semiconductor unit's goal to become carbon neutral by 2050, a top official said Friday. "Treatment of gas used to manufacture semiconductor chips is our biggest focus in our spending (to achieve net-zero emissions)," Song Doo-guen, executive vice president and head of th

LG Uplus, South Korea’s third-largest telecom operator by market share, has pledged to increase the sales proportion of non-telecommunication services to 40 percent of the total by 2027 with a focus on developing platform businesses. “Now moving beyond the area of traditional telecom businesses, we are looking to open up the era of ‘U+3.0’ that creates data- and technology-based platforms and services centered around customers to discover future growth engines,” sa

Digital art platform ArtToken said Thursday it has partnered with Samsung Electronics to provide non-fungible token art contents on Samsung’s smart televisions. Customers will now be able to purchase, store and view NFT artworks from home through Samsung’s smart televisions. ArtToken’s NFT platform will be connected to Samsung’s smart hub through a smart TV application, the company said. The app was showcased at Europe’s largest home appliances tech show IFA 2022, h

Samsung Electronics said Thursday it has joined the RE100 initiative to set net-zero targets by 2050 and ensure the full use of renewable energy, making a major shift in the IT devices manufacturing giant that consumed the largest amount of electricity in the world. By pledging to use less electricity and reuse and recycle resources like plastic and water, the chips-to-consumer electronics giant aims to transition to 100 percent renewables for its operation, and at the same time become carbon ne

The South Korean government has imposed a total of 100 billion won ($72 million) in fines against Google and Meta for illegally collecting and using personal information for customized advertisements, officials said Wednesday. The Personal Information Protection Commission under the Prime Minister's Office decided to impose fines of 69.2 billion won and 30.8 billion won against Google and Meta, respectively, after it held a plenary session earlier in the day. According to the PIPC’s inve

Naver Z, the metaverse affiliate of South Korean IT giant Naver, has joined the Tech Coalition to fight online sexual abuse and exploitation of children, the company said Wednesday. Established as a voluntary working group in 2006, the Tech Coalition is a global alliance of technology companies that have come together to better detect, report, remove and prevent online child sexual abuse. With Naver Z becoming the newest member of the alliance, there are now 28 companies including Amazon, Appl

Samsung Electronics Vice Chairman Lee Jae-yong has visited Panama to hold talks with Panamanian President Laurentino Cortizo and meet Samsung executives there, the tech giant said Wednesday. The isthmus country, which connects Central and South America, was the first importer of Samsung Electronics' color TVs in 1977, and is home to Samsung's oldest overseas office. Lee, heir to South Korea's largest conglomerate dedicated to electronics, construction and finance, met President Cortizo at Heron'

LG's newest 97 inch TV is priced at W39.9m

Hanmi Pharmaceutical has scored its first approval from the US Food and Drug Administration with its novel biomedicine Rolontis. Rolontis -- Hanmi Pharmaceutical's treatment for neutropenia, a disease that occurs when a specific type of white blood cells is lacking so that the body cannot fight infections, especially those caused by bacteria -- was given the FDA’s approval on Friday, according to the Korean firm’s US partner Spectrum Pharmaceuticals’ announcement. Neutropenia's

  LG Corp. and Parsons School of Design will collaborate to combine contemporary art and design practices with artificial intelligence technology, LG's tech arm LG AI Research said Tuesday. LG AI Research, which runs a hyperscale AI platform called Exaone, will carry out joint research projects for advanced AI technologies and emerging research domains with experts in fashion, design and media at Parsons for three years. Through the partnership, artists and designers will explore the inters