US Consumer Reports picks LG home appliances as best products

 Jang Seong-hwan, 92-year-old South Korean businessman, and his wife decided to donate a real estate worth 20 billion won to the Korea Advanced Institute of Technology, the institution said Sunday. KAIST held a ceremony to mark Jang’s donation at a hotel in Seoul on Saturday, it said. The donation includes a six-floor building with two basement floors on a landmass of 580 square meters in Nonhyun-dong, southern Seoul. Jang is a son of a North Korean family, who crossed the borde

Samsung Electronics and its affiliates are set to announce an open recruitment of college graduates and soon-to-be graduates this week, maintaining a large-scale hiring of entry-level workers amid the pandemic in South Korea. According to industry sources on Sunday, Samsung Electronics and three other affiliates – Samsung Display, Samsung SDI and Samsung Electro-Mechanics – will release their recruitment announcements soon. Some of the affiliates are holding online job fairs am

Hanmi Pharmaceutical said Friday that its non-small cell lung cancer treatment Poziotinib has received the fast track designation from the US Food and Drug Administration. Hanmi added that its US partner Spectrum Pharmaceuticals would submit the new drug application to the FDA by the end of this year. Fast track designation from the US FDA is one of the measures designed to support development and expedite the review of drugs that show promise in treating serious and address unmet medical ne

SK hynix, South Korea‘s second-largest chipmaker, announced Friday that the company has received approval from the US foreign investment watchdog for acquiring Intel’s NAND business. Upon the approval from the Committee on Foreign Investment in the United States, SK hynix said it has completed all foreign investment screening procedures the US requires. Earlier, the company had obtained the approval of the US Federal Trade Commission, late last year. SK hynix said the company wo

Samsung Electronics said Thursday it will launch another budget smartphone model in South Korea this week as the global tech giant eyes beefing up its handset sales against rivals. The Galaxy A32 will be released in South Korea on Friday with a price tag of 374,000 won ($330). The budget smartphone is already available in select markets in Europe and India. The LTE-supporting model comes with a quad rear-camera setup with a 60-megapixel (MP) main shooter, 8MP ultra wide lens, 52MP depth sen

Lee Jae-yong’s trial on leadership succession resumes amid suspicions of illegal drug use

SK Bioscience will develop an all-in-one vaccine targeting COVID-19 variants, together with the Coalition for Epidemic Preparedness Innovations, the South Korean firm said Thursday. SK Bioscience would receive funding from CEPI, worth up to $14.2 million, for the research and development. The South Korean vaccine developer could receive additional funds of as much as $12.5 million for building manufacturing facilities. For the new vaccine, the company hopes to build on its experience with n

The Korea Advanced Institute of Science and Technology’s research team has discovered a new way of treating the movement disorder dystonia, it announced Wednesday. Patients with dystonia suffer from involuntary muscle spasms or contractions, resulting in repetitive movements and abnormal body posture. Led by Professor Kim Dae-so, the research team has found that volinanserin, or MDL100907, has the potential to treat dystonia as an antagonist to 5-HT2AR, a serotonin receptor. According

Facebook said onWednesday it was launching a "lite" version of Instagram in 170 countries that will enable people with poor internet to access the photo and video sharing social networking service. Instagram Lite will be available for Android-based phonesand require less bandwidth than the traditional version.The app itself requires just 2 megabytes (MB) -- versus 30 MB for Instagram -- and runs even on slower 2G networks, allowing customers in parts of India, Africa, Asia and Latin

Samsung Electronics is preparing for another event to unveil some of its newest Galaxy devices next week as a likely move to garner attention for products other than its flagship S series. The tech giant has sent out invitations to a new unveiling event for its Galaxy devices, “Galaxy Awesome Unpacked.” The event is a new addition this year to Samsung’s existing Galaxy Unpacked events, which are usually held twice a year to announce flagship phones. The invitation said

Samsung Electronics said Wednesday that the company will roll out the first consumer drive without DRAM -- the 980 Non-Volatile Memory express (NVMe) SSD, which delivers the highest performance among DRAM-less SSDs at a faster speed. Previously, DRAM-less designs had a disadvantage in speed as they lacked the short-term memory for fast access to data. To address the issue and overcome any performance drawbacks, Samsung used the Host Memory Buffer technology, which links the drive directly

Samsung Electronics has an aim to boost its sales of customizable Bespoke products to 80 percent of total consumer electronics sales, the company’s president said Tuesday. During an online press conference held to announce the new Bespoke Home products, Lee Jae-seung, president of Samsung’s consumer electronics business, said the company will expand the Bespoke lineup further both at home and abroad. “The company aims to expand the Bespoke sales to account for 80 percent of

Daewoong Pharmaceutical’s partner company in the US is to begin a phase two study of using botulinum toxin complex injections as a preventive treatment for migraines, according to the South Korean firm Tuesday. AEON Biopharma, a California-based private clinical-stage biopharmaceutical company, has licensed the ABP-450 injection from Daewoong Pharmaceutical and has exclusive development and distribution rights for ABP-450 in the US, Canada and the European countries. Last year, the US

Samsung Electronics Co., the world's largest smartphone vendor, was the dominant player in the global foldable smartphone market last year, a report showed Tuesday, with its leading status expected to continue through 2021. For the whole of 2020, Samsung logged an 87 percent share on a unit basis in the global foldable smartphone market that was estimated at 2.2 million units, according to market tracker Display Supply Chain Consultants (DSCC). "The Z Flip was the No. 1 model with nearl