KT Corp. said Thursday it is making a strategic investment worth $2 million in Sonde Health, a US voice biomarker tech startup that analyzes people’s voice to recognize depression, anxiety and respiratory problems. The Boston-based firm, equipped with the world’s largest amount of data on voice health, has already secured partnerships with global tech companies like Qualcomm and GN Group. Vocal biomarkers are gaining renewed attention recently, with voice-related services from smartp

Musk-led email layoffs unjustified under Korean labor law, but legal battle will be long, legal experts say

Foldable phones may have prompted the demand for devices with an expandable screen, but Samsung Electronics seems not interested in slidable phones due to lukewarm marketability, an analyst said Wednesday. “The market for foldable phones overlaps with that for slidable phones. It will be difficult for slidable phones to create its own market,” said Yi Choong-hoon, CEO and top analyst of Seoul-based display market tracker UBI Research at a conference. “Samsung seems uninterested

KakaoBank Corp. said on Wednesday that the number of its customers has risen above 20 million in the five years since its launch in 2017, while Kakao Pay shares rose for a fourth day on news that it has partnered with China’s Alipay+. Kakao Bank, the internet-only bank under mobile platform service provider Kakao Corp., doesn’t charge any fees for wiring money or withdrawing cash via ATMs. It also waived early repayment charges for all borrowers who repaid their loans early, and help

S. Korea’s largest gaming convention to be held at BEXCO in Busan next week

The Ministry of Science and ICT said Monday that South Korea's uncrewed space vehicle Danuri transmitted BTS’ "Dynamite" music video to Earth, successfully relaying data from space to Earth. According to the Ministry of Science, Danuri, also known as the Korea Pathfinder Lunar Orbiter, underwent disruption tolerant network tests on Aug. 25 and Oct. 28. DTN tests are designed to test if data is transmitted wholly under extreme conditions and over very large distances. During

LG Display said Tuesday that it has developed the world’s first high-resolution stretchable display that can be elongated by 20 percent, a technological breakthrough with numerous potential industrial uses. According to the company, the full-color 12-inch display can be extended to a size of 14 inches. Despite the heightened flexibility, the display supports 100 pixels per inch, a similar resolution to other monitors on the market. Stretchable displays are also called “free-form disp

S. Korea’s largest telecommunications operator sets goal of W40tr market cap by 2026

Dutch chip equipment giant ASML Holding’s CEO Peter Wennink will visit South Korea next week to attend the groundbreaking ceremony of the company’s new Korean headquarters, located in Hwaseong, Gyeonggi Province, that aims to bolster responsiveness to local client demands. Korea is home to Samsung Electronics and SK hynix, the world’s top two memory chipmakers, which take up more than 30 percent of ASML’s total sales. For the new facilities, the Dutch firm will spend a to

Unity Technologies, developer of world-leading 3D graphics engines, discussed ways to improve the optimization and convenience for creators using its game-making tools at its annual Unite conference, the company’s Korea branch said Monday. The in-person Unite 2022 conference took place in Austin, Brighton in England, Copenhagen in Denmark, Montreal and San Francisco on Tuesday as it was also virtually open for all developers across the world. Headquartered in the US, Unity operates the wor

S. Korean IT giant’s quarterly operating profit falls for 1st time since Q1 last year

Company aims to start construction of 5th plant by December

Top Moderna official confident in developing pan-respiratory vaccine with mRNA technology

FRANKFURT, Germany -- Samsung Biologics’ top official on Wednesday stressed the importance of contract development and manufacturing organization companies’ efforts to reduce greenhouse gas emissions and how the South Korean CDMO giant is working toward achieving environmental friendliness. “CDMOs play a huge part because we provide the manufacturing and logistics for a lot of (biopharmaceutical) companies and we have to continue to innovate together,” said James Choi, ex

Chinese electric vehicle battery makers are quickly gobbling up market share from their South Korean rivals, largely buoyed by a surging demand at home, data showed Thursday. According to Seoul-based market tracker SNE Research, China’s CATL retained its top spot in global sales in the January-September period as it supplied 119.9 gigawatt-hours of batteries, more than doubling from a year ago. Its market share increased from 30.7 percent to 35.1 percent, widening the gap with Korea’