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NewJeans releases music video for 'Bubble Gum'
New celebrity-endorsed therapy for face contouring requires only a pair of rubber bands
[What to See] Cheongdam-dong galleries bring together must-see shows
[EYE] ‘Save clothes, save the planet’: Activist advocates for sustainable fashion
[Music in drama] An ode to childhood trauma
Refresh, unwind away from the tropical heat
[Weekender] How DDP emerged as an icon of Seoul
N. Korea reaffirms plan to bolster space reconnaissance capabilities
Coach apologizes for missing out on Olympic football qualification, calls for system overhaul
N. Korea denounces US condemnation of human rights violations
Blinken calls on China to press N. Korea to end its 'dangerous' behavior
'The Roundup: Punishment' becomes fastest 2024 film to top 2 mln admissions
S. Korea, US lay out respective visions for new defense cost-sharing deal: US negotiator
US probes whether Tesla Autopilot recall did enough to make sure drivers pay attention
EU toughens safety rules for online retailer Shein
S. Korea, Japan could consider simplified entry agreement: Seoul official
New chief named to anti-corruption body
[Herald Interview] Noam Segal of Guggenheim Museum pushes for technology-based art with LG
Hybe refutes Ador CEO Min's denial of breach of trust
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Activist funds demand W1tr Samsung C&T payout
Feb 15, 2024
A tense faceoff between shareholders and Samsung C&T management is expected, as five foreign activist funds have teamed up to demand the Korean firm return its profit to shareholders through dividends and a share buyback program that would amount to some 1.2 trillion won ($900 million). In a regulatory filing on Thursday, Samsung C&T reported it has submitted the proposal made by the five activist funds, which includes City of London Investment, for a vote at the upcoming regular shareholders me
Race heats up for multifoldable phones
Feb 14, 2024
Chinese tech giant Huawei Technologies is reportedly preparing to launch the world’s first triple-foldable smartphone within the second quarter, aiming to challenge the dominance of Samsung Electronics in the global foldable phone market. Huawei has reportedly begun the development of a triple-foldable phone, which includes three display panels alongside two sets of hinge technologies. The device will likely sport an S- or Z-shaped form factor, according to news reports on Wednesday. The
SK chief headed to Germany, Spain to bolster ties
Feb 13, 2024
SK Group Chairman Chey Tae-won is expected to travel to Germany next week, joining an economic delegation as the head of the Korea Chamber of Commerce and Industry, according to industry sources, Tuesday. Chey will be traveling to Berlin on Feb. 19 to take part in various business forums and gatherings, where business and government officials from Korea and Germany are expected to discuss strengthening collaborative efforts. Chey is also expected to travel to Barcelona, Spain, to attend a globa
Apple’s market share exceeds 25% for first time in Korea
Feb 13, 2024
US tech giant Apple saw its domestic market share exceed 25 percent for the first time in 2023, slightly narrowing the gap with its archrival Samsung Electronics, despite the global economic downturn and decreased demand, a report showed Tuesday. Apple’s share rose 3 percentage points on-year to reach 25 percent in Korea last year, according to the data by market research firm Counterpoint Research, while maintaining the No. 2 spot in the Korean smartphone market. Samsung kept the No. 1
Samsung, Princeton University team up for 6G network tech
Feb 13, 2024
Samsung Electronics said Tuesday its California-based research and development unit has partnered with Princeton University to lead innovation in the sixth-generation telecommunications networking system. Samsung Research America has become a founding member of the corporate affiliates program launched by Princeton University, dubbed the NextG Initiative Corporate Affiliates Program, to lead 6G research and development, the tech giant said. The NextG program aims to bring up technologic
[KH Explains] Why Korea’s platform act faces backlash at home, abroad
Feb 12, 2024
Confusion ensues over preliminary designation of ‘monopolistic’ platform operators
[KH explains] Why ramyeon makers still stick with 'ramen' marketing
Feb 12, 2024
Korean instant noodle boom puts decades-old industry dilemma under renewed spotlight
Samsung chief inspects battery plant in Malaysia during holidays
Feb 12, 2024
Samsung Electronics Chairman Lee Jae-yong last week renewed his will to continue bold investments despite business uncertainties upon his visit to the construction site of a new 1.7 trillion won ($1.2 billion) battery plant in Malaysia. According to the tech giant on Monday, the Samsung chief on Friday visited the Malaysian city of Seremban where Samsung SDI, the battery-making arm of Samsung Group, is building its second plant with its completion set for 2025. Samsung SDI aims to bolster its re
Top 10% of creators take 76 percent of content profits: data
Feb 9, 2024
The top 10 percent of content creators accounted for 76 percent of all creators’ total income in 2022, according to data released Thursday. The National Tax Service data, obtained and released by Rep. Yang Kyung-sook of the Democratic Party of Korea, put the number of people who reported income as individual media creators at 39,366 in 2022 and their total aggregated income at 1.14 trillion won ($859 million). The data showed that the majority of the income is concentrated among some highl
Anticipation grows over Samsung chief's next move
Feb 8, 2024
As the legal charges have been cleared for Samsung Electronics Chairman Lee Jae-yong in a recent ruling, anticipation is growing that the tech giant will now go in search for mega mergers and acquisitions to secure future growth engines at full throttle. The Seoul Central District Court this week acquitted Lee of charges including stock manipulation linked to the merger of two of Samsung affiliates in 2015. In Korean business culture, legal risks surrounding a company's leader are often per
KT turns to loss in Q4 on higher operating costs
Feb 8, 2024
KT Corp., South Korea's major mobile carrier, said Thursday it shifted to a net loss in the fourth quarter from a profit a year earlier due to an increase in operating costs. The company said in a regulatory filing it logged a net loss of 41.7 billion won ($31.4 million) in the last three months of 2023 on a consolidated basis, swinging from a profit of 242.7 billion won a year earlier. Operating income for the October-December period rose 75.4 percent on-year to 265.6 billion won, and sale
FTC hints at review of anti-monoply platform act
Feb 7, 2024
South Korea's antitrust regulator on Wednesday said it would review its proposed act aimed at regulating monopolistic practices by major online platform players before making a further legislation push, as opposition voices grow. “We’re communicating extensively with the (related) industries here and abroad and stakeholders to legislate the platform act. … Rather than making the bill public shortly, it was deemed desirable to further collect opinions from the industry and
Stage X defies skepticism, vows to launch service in H1 next year
Feb 7, 2024
Stage X, a consortium comprising Kakao affiliate Stage Five and other unidentified companies, selected as the new operator of the 28 gigahertz band of the fifth-generation network in South Korea, said on Wednesday it would launch a nationwide telecommunications service in the first half of 2025. “We aim to become a new deep-tech telecom company that innovates technology and services,” Seo Sang-won, representative of Stage X, said in a press briefing in Seoul, after the consortium b
Samsung chief heads to Middle East after cleared of merger case charges
Feb 7, 2024
Lee Jae-yong expected to inspect local operations, boost employee morale during Lunar New Year’s holidays
SK hynix to increase use of recycled materials to 30% by 2030
Feb 6, 2024
SK hynix, the world's second-largest memory chip maker, on Tuesday announced that it would increase its proportion of materials accounted for by recycled materials to over 30 percent by 2030. The target, as part of the company’s carbon neutrality goal, is the first of its kind set by a semiconductor maker. Under the plans, the company aims to first increase recycled material usage to 25 percent by 2025. The company said the target is a part of its plans to implement its carbon neutral
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10-man S. Korea lose to Indonesia to miss out on Paris Olympic football qualification
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Second Gimpo civil servant found dead, after apologizing for not finishing work
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First-ever meeting of president, opposition chief set to finally happen
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Samsung mobile chief, Google device head meet in Seoul
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