South Korean gaming giant Krafton’s popular battle-royale format game Battleground Mobile India, the Indian version of its global smash hit PlayerUnknown’s Battlegrounds, has been slapped with a download ban in India, its Seoul headquarters confirmed Friday. Both Google and Apple removed the gaming app from their respective app stores on Thursday, citing the Indian government’s ban order. “We are still checking on the situation with the local authorities,” a Kr

LG Electronics said Thursday it has teamed up with US audio experts SoundHound to develop an artificial intelligence-based voice system for vehicles with demand growing for both driving convenience and safety. Best known for its music recognition service, Santa Clara, California-based SoundHound supplies voice assistant systems to a slew of automotive, mobile devices, smart home and robotics companies. As part of a memorandum, SoundHound’s voice recognition technology will be applied t

South Korea’s Ministry of Food and Drug Safety aims to become the first regulatory body recognized by the World Health Organization to hold globally recognized authority for granting domestic permits of new drugs by December, officials said Thursday. Introduced earlier this year, the WHO-Listed Authority, or WLA, is the global organization’s initiative to certify a regulatory body as a globally recognized authority to replace the procurement-oriented concept of stringent regulatory

The highly anticipated launch of Danuri, South Korea’s first lunar mission, has been postponed at least two days, the Ministry of Science and ICT said Thursday. Danuri’s launch, which was planned to take place on Aug. 2 from the Cape Canaveral Space Force Station in Florida on a SpaceX Falcon rocket, has been delayed after SpaceX found that it needed to carry out additional checkups on the space vehicle before the launch. The ministry said SpaceX is currently in the process of obt

Samsung Electronics logged an operating profit of 14.1 trillion won ($10.77 billion) during the second quarter, up 12.2 percent from the previous year despite rising material prices and recession fears that are weakening consumer demands, the company said Thursday. The South Korean tech giant’s quarterly revenue from April to June came to 77.2 trillion won, up 21.3 percent from a year prior, slightly beating the market consensus of 77 trillion won. The quarterly sales figure was the seco

With new announcement, 2nd-largest Korean conglomerate to invest $52b in total in US by 2030

Global health technology giant launches ‘Wonder of You’ campaign

A woman performs a hydroflying show at Caribbean Bay, Yongin, Gyeonggi Province, Monday.

Dunamu, the operator of one of South Korea’s largest crypto exchanges, has teamed up with the international humanitarian medical non-governmental organization Doctors Without Borders to build a map on its metaverse platform to help the global medical initiative, officials said Monday. Dunamu and Doctors Without Borders, also known as Medecins Sans Frontieres, signed a memorandum to build a partnership on contributions in accordance with the environmental, social and governance movement i

Samsung Electronics has started shipping chips produced using the world’s most advanced 3-nanometer manufacturing technology, which has drastically improved power consumption and performance. On Monday, the tech giant held a ceremony to celebrate the departure of the first batch of 3nm chips from its chip-making complex in Hwaseong, Gyeonggi Province, with some 100 company and government officials in attendance. The 3nm technology is Samsung’s secret weapon to outpacing its rival

Matica Biotechnology, local firm Cha Biotech’s US subsidiary, has set out a goal of posting 1 trillion won ($761 million) in annual sales to become a global top five contract development and manufacturing organization business in cell and gene therapy by 2030, the company said Thursday. “The global cell and gene therapy CDMO market is expected to reach 25 trillion won by 2030 with a compound annual growth rate of over 20 percent,” said Song Yun-jeong, CEO of Matica Biotechnol

Ahead of the global unveiling event for Samsung Electronics’ newest mobile lineup, the Z Fold 4 and Z Flip 4, next month, the company’s mobile business chief said Thursday that its foldable series is having its moment with shipments of foldables nearing the 10 million mark. “Last year, we saw almost 10 million foldable smartphones shipped worldwide. That’s an industry increase of more than 300 percent from 2020, and I predict this fast-paced growth will continue,”

Amid pressure building on South Korea to join a US-led chip alliance that strategically isolates China from the global semiconductor supply chain, Science Minister Lee Jong-ho on Wednesday said in rare remarks that the government should be careful in making such a decision, citing its impact on other industries. “I have talked to business executives who have been to China. It’s difficult to talk about the details, as it is an ongoing matter, but we have to make a decision that will

Samsung Electronics on Wednesday sent out invites to the 2022 Galaxy Unpacked event for its new foldable phones that will be held online via its official website at 10 p.m. (Korea time) on Aug. 10. Titled “Unfold Your World,” the event will feature Samsung’s latest Z series, including the larger Z Fold 4 and the more compact Z Flip 4, along with its smart watch Galaxy Watch and Galaxy Buds wireless earphones. Since last year, Samsung has held two separate unveiling events fo

Renewed contract to allow manufacturing of COVID-19 vaccine against BA.5 omicron subvariant