South Korea plans to have 30 percent of local companies adopt artificial intelligence technologies by 2030 to beef up competitiveness of local industries, the industry ministry said Friday. The target marks a sharp rise from the current estimate of 1 percent, according to the Ministry of Trade, Industry and Energy. "In a mid-and-long term perspective, (the government) plans to proactively find and foster future industries and seek a great transformation that can fundamentally revamp the cou

South Korea’s largest wireless carrier, SK Telecom, and US aviation company Joby Aviation said Thursday they advanced a strategic partnership for a boost in the commercialization of Korean-style urban air mobility, or UAM. Joby Aviation recently invited officials from the Ministry of Land, Infrastructure and Transport, the Korea Institute of Aviation Safety Technology, and the Korea Aerospace Research Institute to its headquarters in San Jose, California. Joby Aviation formed a strategic p

LG Electronics revealed on Thursday that its OLED evo received the highest honor, the VGP Gold award, in the 50-to-60-inch and under-45-inch OLED TV categories at the Visual Grand Prix 2023. The product also received the Critics Award in the visual category. The VGP is an annual audio-visual (AV) awards event held by Japanese AV media outlet Ongen Publishing. Devices are judged by experts and electronics dealers based on technological qualifications and consumer satisfaction. Regarding the LG OL

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SAN FRANCISCO -- Lotte Biologics will invest around $3 billion by 2030 to build new CDMO plants in South Korea, Lotte Biologics CEO Richard Lee announced during the company’s presentation at the 41st JPMorgan Healthcare Conference held in San Francisco, Tuesday. The investment will go toward building three plants, with a combined manufacturing capacity of 360,000 liters, 120,000 each, according to Lee. About $1 billion will be needed per plant, Lee estimated. The company will start to buil

SAN JOSE, California -- At the heart of Silicon Valley, home to world's largest tech giants, stands a landmark 10-story building in the shape of a three-layer stack of NAND flash memory chips. The symbolic building is the headquarters of Samsung Electronics Device Solutions America, which oversees the production of semiconductors in the United States -- a market that takes up more than half of the global chip demand. Opening the US headquarters to Korean media on Saturday, Sue Kim, the he

US chief pins high hopes on new allergy treatment as Korean drug giant’s next blockbuster drug

Hyundai Motor Group said Wednesday that the automaker has received 11 accolades from the 2022 Good Design Awards in the US. The South Korean auto giant took home three awards in robotics design with future mobility concepts that combine in-wheel motors, steering, suspension, braking system and environmental sensors into one structure.

Samsung Electronics on Wednesday sent out invites to its annual unpacking event for its new flagship Galaxy devices that will take place in San Francisco at 10 a.m. on Feb. 1. Entitled “Galaxy Unpacked 2023: Share the Epic,” the event will be held in person for the first time in three years since the pandemic. It will also be livestreamed from Seoul through Samsung’s newsroom and homepage, as well as its official YouTube channel, the officials said. “A new era of Galaxy i

Korea Herald correspondent SAN FRANCISCO -- The 41st Annual JPMorgan Healthcare Conference kicked off on Monday in San Francisco. This year, three South Korean companies will give presentations, while many others will hold meetings to attract new partners and investors. Around 550 presenting companies have descended on the Californian city, in addition to thousands of investors and biotechnology executives from around the world. From Korea, Samsung Biologics, Lotte Biologics and SD Biosensor h

LG Chem said Tuesday it has supplied metal-replaceable plastic to Mitsubishi for the Japanese carmaker’s three SUV models – the Outlander, Delica D:5 (pictured) and RVR. Using the lighter material, the company said, the plastic fender is about 4 kilograms lighter than the previous metal alternative of the same size, improving the fuel efficiency of the vehicles.

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