Korea Aerospace Research Institute needs more support to achieve Yoon’s space goals, high-ranking official says

LG Chem, South Korea's leading chemical firm, announced Friday that the company has signed a deal to receive 200,000 metric tons of spodumene concentrate from Piedmont Lithium, which will ensure a stable supply of the key material for the company's electric vehicle battery production. Under the deal, LG Chem will receive 50,000 tons of spodumene concentrate every year, starting in the third quarter of this year, from North American Lithium, a lithium mine in Quebec, Canada, in which Pi

Celltrion announced on Friday that the company has signed a joint research and development contract with LISCure Biosciences for a microbiome-based Parkinson's disease treatment. LISCure Biosciences is a Pangyo-based biotech company that conducts research for microbiome-based treatment for Parkinson's disease. The biotech currently has an oral microbiome drug development pipeline for Parkinson's disease, called LB-P4. Under the contract, the two companies aim to co-develop live bi

The Korea Chamber of Commerce and Industry said Friday it had given $100,000 in aid to Turkey, which is suffering from untold casualties and destruction after a 7.8 magnitude earthquake hit the country on Feb. 6. Woo Tae-hee, executive vice chairman of the largest business lobby in Korea, visited the Turkish Embassy in Seoul on Friday to pay tribute to the victims of the tragedy, according to the KCCI. There, Woo met with Turkish Ambassador to Korea, Salih Murat Tamer, and donated the $100,000.

Samsung Electronics, the world's largest smartphone maker by shipment, announced the official launch of its Galaxy S23 series in 55 countries Friday, touting record-breaking preorders in South Korea. Starting sales in 55 countries, which include United States, Britain, Dubai and Australia, the tech giant will ultimately launch the new flagship models in 130 countries, the company said. In South Korea, the Galaxy S23 series garnered 1.09 million preorders in seven days, up slightly from the

Looking to get hired? Your next job interview could be with a robot. As artificial intelligence applications grow across industries, it is increasingly being used in human resources. According to a survey conducted by Saramin, an online recruiting company, in 2022, nearly 2 out of 3 local companies said that AI recruiting programs have helped them save time and human labor. At present, AI is mainly used by recruiters to save time and give more chances to more candidates by screening a lot more r

AI chatbot confuses South Korean President Yoon with his rival Lee

Information technology service provider LG CNS said Thursday it is joining hands with Kyung Hee University to jointly develop and expand a 5G network system that can be applied in manufacturing plants and logistics. Earlier in the month, the IT service provider inked an agreement to jointly develop a 5G-based smart factory predictive maintenance solution, the company said. Predictive maintenance refers to a technique that uses data analysis to detect anomalies or defects in industrial operations

Kids watch an LG CLOi GuideBot translate sign language at the Gongju National Museum in Gongju, South Chungcheong Province. LG Electronics said Thursday it is introducing its multipurpose customer service robot at the national museum in Gongju and National Assembly Constitution Memorial Hall in Seoul.

Lotte Group, the country's fifth largest conglomerate, hopes its biopharmaceutical contract manufacturing arm will become a future engine of growth, following in the footsteps of Samsung. But the road ahead remains uncertain as Lotte is still in the early stages of the business. According to industry sources, Lotte Biologics is expected to face a myriad of challenges when it comes to finding a foothold in the market, with issues from price competitiveness to talent recruitment. In 2022, t

Samsung Electronics said Thursday it has developed a new technology for a single air purification filter that simultaneously removes fine dust and harmful gases, and can be used for up to 20 years through simple water washing. Researchers at the Samsung Advanced Institute of Technology implemented a filter technology that applies photocatalysts such as copper oxide and titanium dioxide -- the first development to be introduced anywhere in the world, according to Samsung officials. Before the lat

The proliferation of chatbots using artificial intelligence will become "killer applications" in boosting demand for advanced memory chips, SK hynix Vice Chairman Park Jung-ho said at a symposium Wednesday. Park, who also serves as the chief executive officer of the world's second-largest memory chip maker, said memory chips will always be at the center of innovation as the era of artificial intelligence unfolds. "As the era of AI unfolds, unsolved challenges of the past will

SK Biopharmaceuticals on Wednesday said its subsidiary SK Life Science is holding sales meetings in the US this week to boost sales of its seizure medicine cenobamate in the all-important market. Cenobamate, which is sold under the brand name of Xcopri, was approved in 2019 for partial-onset seizures in adults. The company has held the promotional event traveling across the US for the fourth consecutive year with an aim of strengthening its sales network and sharing its business plans with partn

World’s No. 1 memory chip maker to borrow money rather use its own W100tr reserve, sources say

LG Innotek said Wednesday that it launched the world’s thinnest and widest film-type semiconductor substrate, 2-metal chip on film, a key component for extended reality devices. Chip on film (COF) is a semiconductor packaging substrate that connects the display and main printed circuit board. It helps minimize display bezels and miniaturize modules for electronic devices such as TVs, laptops, monitors and smartphones. The 2-metal COF is an upgraded version of the single-sided COF, which is