Korean researchers have developed a new anticancer compound that selects only cancer cells and starves them to death. The compound does not affect normal cells so it can reduce the negative side effects of current anticancer drugs.A research team led by Shim Tae-bo, director of the Center for Chemic

Korea Hydro & Nuclear Power Co. (KHNP) is holding an international conference on nuclear power technology in Gyeongju in cooperation with the International Atomic Energy Agency (IAEA) and the CANDU Owners Group (COG).The conference, which kicked off at Hwangryong-won in Gyeongju on Nov. 4, is attend

Samsung Electronics announced on Nov. 5 that it will increase foldable phone production in 2020.“We will ramp up foldable phone production next year,” said Ko Dong-jin, head of the IM Business Division at Samsung Electronics. He met reporters after attending Samsung Artificial Intelligence (AI) Foru

Big discounts whetted Korean customers’ appetite for Japanese cars, which were shunned following the Japanese government’s restriction of exports of key industrial items to Korea.Sales of Japanese cars, which had fallen in the aftermaths of Koreans’ boycott of Japanese goods and services, have rebou

Samsung Electronics has pulled the plug on the Mongoose Project, scrapping its efforts to develop a central processing unit (CPU) core. The company has laid off about 290 employees at the Samsug Austin Research Center (SARC) in Texas of the United States.The company will also execute reorganization

South Korea’s foreign exchange reserves increased by US$3 billion to a record high of US$406.3 billion last month as a result of a weak U.S. dollar.The previous high, US$405.5 billion, was posted in January this year. A weak U.S. dollar tends to result in an increase in the value of the Bank of Kore

SMEs and Startups Minister Park Young-sun met with Cédric O, Secretary of State for the Digital Economy of France, in Seoul on Nov. 5 to discuss the two countries’ startup- and smart manufacturing-related policies and seek further cooperation in those fields.At present, the Ministry of SMEs and Star

The Regional Comprehensive Economic Partnership (RCEP), which is a free trade agreement (FTA) led by China, was provisionally concluded on Nov. 4. In response, the United States Department of State released a report stressing the need for more involvement in the Indo-Pacific region. Although the Uni

Korea Electric Power Corp. (KEPCO) has successfully commercialized superconducting power transmission technology for the first time in the world.Korea was not the first country to develop superconducting power transmission technology. The United States, Japan and European countries developed the ene

LG Electronics has filed a patent infringement suit against Hisense, a major Chinese television manufacturer. The lawsuit is the first case since LG sued a Chinese TV company 12 years ago.LG announced on Nov. 4 that it has filed a TV-related patent infringement lawsuit with a district court in Calif

South Korea, China, Japan, Australia, New Zealand and the 10 member countries of the Association of Southeast Asian Nations (ASEAN) provisionally concluded the Regional Comprehensive Economic Partnership (RCEP). The mega free trade agreement (FTA) accounting for one-third of the total GDP of the wor

Korea’s semiconductor output and export volume in the first 10 months of the year surpassed that of last year when Korean chipmakers enjoyed the biggest-ever boom. This is quite different from what semiconductor industry watchers predicted earlier this year –- the Korean semiconductor industry will

Hyundai Motor Group ranked fourth in the European car market as its market share rebounds to the 8 percent range in one year. Excluding European carmakers, the combined share of Hyundai Motor and Kia Motors came in first in the market.Hyundai and Kia jointly recorded an 8.0 percent share in 28 EU me

The Korean government has launched an intensive investigation into the recent spate of BMW car fires.The Ministry of Land, Infrastructure and Transport said on Nov. 1 that an investigation team has conducted a field survey of the five BMW car fires that took place in the Seoul metropolitan area rece

Samsung Electronics and Huawei will have a foldable phone duel in China. The Korean mobile phone maker has a market share of less than 1 percent in China, but it is eyeing a rebound with the foldable phone Galaxy Fold. Huawei has suffered a loss of smartphone sales channels in overseas markets due t

Samsung Electronics will face more difficulties in achieving its goal of becoming No. 1 in system semiconductors by 2030 with the solidification of a partnership between Chinese telecommunication equipment maker Huawei and Taiwanese foundry leader TSMC, industry watchers say.Huawei's affiliate a

Shinhan Bank and the State Bank of Vietnam are planning to work together on an e-Know Your Customer (e-KYC) system, which is expected to boost mobile financial services in the country. In addition, Shinhan Bank’s online account opening system in Indonesia is expected to be approved by the local auth

M&As among auto parts manufacturers are becoming increasingly frequent, led by leaders of the global industry. Only one Chinese auto parts manufacturer joined the list of the world’s top 100 in 2011, but the number increased to seven and China came in fourth on the list last year.According to the Ko

Debate over the 8K TV is intensifying abroad as well as in Korea. As North America has become the world’s largest 8K TV market, beating Europe, a debate over the resolution credential for 8K TVs is likely to flare up at the world’s biggest tech event, Consumer Electronics Show (CES) 2020 to be held

Samsung Electronics is stepping up efforts to expand its blockchain business. The company has unveiled a software development kit (SDKs) which allows developers of blockchain-based decentralized applications (DApps) to create a blockchain platform for Galaxy devices.The Korean tech giant released it