Samsung Electronics is zeroing in on the digital health market with new artificial intelligence (AI) wearables. The Galaxy Watch 7, set for release in the second half of this year, is expected to offer blood glucose monitoring in addition to its earlier capability to detect sleep apnea. When combine
SK telecom announced on April 25 that it has become the first telecommunications company in South Korea to obtain the international standard certification for AI Management System under ISO/IEC 42001. The ISO/IEC 42001 standard was designed to ensure that companies and organizations can build and op
Hanwha Life Insurance has become the first domestic insurance company to venture into overseas banking.The company announced on April 24 that it will acquire a 40 percent stake in Nobu Bank held by Lippo Group, the sixth largest conglomerate in Indonesia. The process of equity investment will be fin
SALTRAIN, a lifestyle brand offering various products closely related to our daily lives based on domestic premium gray salt(one of the finest sea salt from tidal flats), meets Toy Story | TinyTAN characters.'TinyTAN' are characters representing the seven members of BTS in adorable form. Through thi
Taiwan, a major hub for the world’s top semiconductor companies, has experienced a series of earthquakes, leading to temporary delays in semiconductor supply and potential price hikes.On April 23, the industry reported that over 50 aftershocks, ranging from magnitude 3.0 to 6.3, struck eastern Taiwa
On April 23, Samsung SDI announced that it will showcase future battery technology for electric vehicles to global scholars at the “37th Electric Vehicle Symposium & Exhibition (EVS37).”EVS is the largest electric vehicle symposium and exhibition worldwide, starting in 1969. It is an event where glo
SK On, the battery business subsidiary of SK Innovation, announced today its Cobalt-free battery has won a Bronze award in the Smart Transportation category at the prestigious 2024 Edison Awards on April 18.The latest honor not only shows SK On's technological prowess but also underscores the compan
Coway, the “Best Life Solution Company," has received the 2024 Red Dot Award, marking its 18th consecutive win. The ongoing success is a testament to the company’s unwavering commitment to innovative design.The Red Dot Design Award is a prestigious international competition that celebrates design ex
On April 17, Chairman Shin Dong-bin of Lotte Group visited the Lotte Energy Materials’ smart factory in Kuching in the state of Sarawak in Malaysia to inspect the secondary battery material business and engage with local employees.Since 2019, Lotte Energy Materials has been producing copper foil in
Samsung Electronics Co., Ltd., a world leader in advanced memory technology, today announced that it has developed the industry's first LPDDR5X DRAM supporting the industry’s highest performance of up to 10.7 gigabits-per-second (Gbps).Leveraging 12 nanometer (nm)-class process technology, Samsung h
Partnerships to develop purpose-built vehicles (PBVs) to build an eco-friendly logistics system are growing between the automotive industry and logistics companies. This is due to rapidly increasing demand for electric trucks instead of diesel trucks in line with a global carbon neutrality initiativ
Lee Boo-jin, CEO of Hotel Shilla, is selling her 5,247,140 shares of Samsung Electronics through off-hours bulk trading, commonly known as block deals. The CEO has consistently been divesting stakes in Samsung Electronics and its affiliates to secure funds for hefty inheritance tax payments.Accordin
A new “subscription service” by LG Electronics is gaining attention as the new paradigm of future home appliances.LG Electronics’ subscription service allows for a wide range of choices from large home appliances such as washing machines, air conditioners, and TVs to taste-oriented appliances like S
Governor Eric J. Holcomb, Secretary of Commerce David Rosenberg and Purdue University President Mung Chiang joined federal partners and executives of South Korea-based SK hynix Inc., the world’s leading producer of High-Bandwidth Memory (HBM) chips, today as the company announced plans to establish
GM's Korean Operations sold 51,388 vehicles in March. Sales were up 26.0% compared to the same month last year. It marked the 21st consecutive month of year-over-year growth.Overseas sales of GM's Korean Operations reached 49,350 units last month, up 26.3% on an annual basis, marking the 24th consec
An analysis by the World Wildlife Fund (WWF) suggests that the average person ingests as many as 5 grams of microplastics weekly – that’s the equivalent of eating a whole credit card. While the exact effects of plastics on human health are still relatively unknown, the World Health Organization (WHO
Despite a sluggish construction industry, corporate sentiment in the economy has rebounded slightly for the first time in three months, attributed to the recovery in semiconductor exports.According to the survey results of the Business Survey Index (BSI) and Economic Sentiment Index (ESI) for March
There is a prospect that a new era will open in three years where the entire population of 50 million people across the nation can receive anything with a day of ordering it with free shipping.On March 27, Coupang announced its intention to expand its Rocket Delivery service to encompass the majorit
Jo Seong-jin, CEO of LG Electronics, announced on March 26 that the company is seeking investment opportunities in adjacent industries, revealing plans for mergers and acquisitions.During the regular general shareholders’ meeting held at the LG Twin Towers in Yeouido, Seoul, CEO Jo stated, “After an
Last year, insurance companies recorded a net profit exceeding 13 trillion won (US$9.68 billion), marking a record high performance in history.According to the “2023 Insurance Company Management Performance” report released by the Financial Supervisory Service on March 26, the combined net profit of