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Reporter : Baek Byung-yeul
Fri, January 27, 2023 | 09:43
LG Display set to close LCD TV line in Paju
LG Display is set to close its LCD TV panel-manufacturing plant in Paju, Gyeonggi Province this year as the company is losing its competitiveness in the flat display business due to Chinese rivals producing cheaper panels, according to industry sources, Wednesday.
[INTERVIEW] Neubility seeks to captivate last-mile delivery market with self-driving robot
Self-driving robots are a growing business fueled by rising consumer demand for convenient deliveries. Lee Sang-min, CEO of local robot delivery startup Neubility, said he is confident that the robot delivery market will become a lucrative one as he believes robots as we have seen in the movies will make our daily lives more comfortable.
SK Biopharmaceuticals to unveil wearable devices at CES 2023
SK Biopharmaceuticals will unveil its wearable healthcare devices at the upcoming Consumer Electronics Show (CES) next month as part of its plan to advance into the digital healthcare business, its head of R&D said Wednesday. “The bio industry is changing by converging with ICT. We believe there will be a patient-centric period in the bio industry and we will try to lead the ...
LG Uplus CEO in charity event
LG Uplus CEO Hwang Hyeon-sik, right, presents Christmas gifts to children at Youngnak Borinwon childcare center in Yongsan District, Seoul, Monday. LG Uplus said Tuesday that its employees, including the CEO, visited the childcare center to present Christmas gifts as part of its charity efforts. Courtesy of LG Uplus
'Godsaeng' becomes Instagram's keyword of the year in Korea
“Godsaeng,” a newly-coined word referring to an exemplary and productive life, was the keyword of the year on Meta's social networking service, Instagram, in Korea, its Korean unit said Tuesday. Meta Korea held a press conference to announce the keywords, places and latest trends that Instagram users mentioned the most often in 2022.
[INTERVIEW] Korea urged to boost ties with Australia to cut dependence on China for rare minerals
Korea has been strengthening ties with Australia to produce rare earth elements and decrease its high dependence on China, as core minerals for high-tech industries are becoming increasingly important. Although Korea is currently dependent on China for rare earth elements, Rowena Smith, CEO of Australia-based critical metals producer ASM, said the company has been strengtheni...
Samsung fails to narrow gap with TSMC in foundry market
Samsung Electronics failed to narrow its gap with Taiwan's TSMC, a leader in the global foundry business, in the third quarter, according to an industry data tracker on Monday. The Korean chip giant's relentless pursuit of TSMC is expected to continue next year as the foundry industry, which manufactures chips for semiconductor design firms, is forecast to be impacted by a dr...
Will KT CEO stay on for another term?
KT will complete its review of its CEO Ku Hyeon-mo, who expressed his intention to stay on for another term, and announce the results as early as this week, according to industry sources and a company official, Monday. A company spokesman said the mobile carrier's CEO candidate review committee is currently assessing whether Ku is eligible for a second term.
Homeowners' associations can now hold contactless meetings online
Homeowners will be able to hold their meetings online and vote electronically whenever their association puts matters to a vote, as holding contactless meetings has been approved in a meeting of the ICT Regulatory Sandbox Deliberation Committee, held by the Korea Chamber of Commerce and Industry (KCCI) and the ICT ministry, Friday.
Hyundai Motor, SK On to build $5 billion EV battery plant in US by 2025
Hyundai Motor Group and SK Group's battery unit SK On will invest up to $5 billion in the U.S. state of Georgia to build an electric vehicle (EV) battery plant there by 2025, according to the Georgia state government, Thursday (local time). Georgia Governor Brian Kemp said the two Korean companies will build their plant in Bartow County and will supply batteries to Hyundai Mo...
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