Samsung Electronics announced on Oct. 31 that its investment for this year is 29 trillion won, close to last year’s, and the investment includes 23.3 trillion won in the semiconductor sector and 2.9 trillion won in the display sector. It also said that most of its capital expenditures for the fourth

The number of foreigners living in South Korea topped two million. The exact number as of the end of 2018 was 2,054,621, which is equivalent to approximately 4 percent of the total population of the country. Sixty percent of the foreigners were residing in Seoul and the surrounding capital area at t

Samsung Electronics has unveiled a clamshell foldable smartphone at this year’s Samsung Developer Conference in San Jose, California.The company recently registered patents in the European Union Intellectual Property Office (EUIPO) and the World Intellectual Property Organization (WIPO) for the new

Hyundai Motor Co. announced on Oct. 30 that it would make a strategic investment in and conduct joint R&D with Impact Coatings, H2 Pro and GRZ Technologies to accelerate the popularization of hydrogen electric vehicles based on a reduction in the costs of hydrogen production and storage technology a

KT has put forward a plan to invest 300 billion won in artificial intelligence (AI) for the next four years and nurture 1,000 AI professionals. The telecom giant will also expand handsets loaded with its AI engines to 100 million units by 2025. KT’s vision is to lead a super-intelligent society base

As 5G mobile services are launched in a growing number of countries, competition is heating up in the 5G communication chip market. Qualcomm is dominant in the global telecom chip market, but Samsung Electronics and other companies are seeking to expand their share of the market by sharpening their

The Vision Fund, led by SoftBank CEO Masayoshi Son, has finally decided not to invest in Tada, a ride-hailing service, after a year-long review. The fund has reportedly been considering investing 200 billion won to 300 billion won in Tada. But as tensions among the taxi industry, political circles a

Samsung Electronics’ Galaxy S10 and Galaxy Note 10 smartphones have recently been found to have a flaw in its fingerprint recognition system. Soon after that, yet another glitch has been found in user authentication, which is a key feature of smartphones.Users of the Galaxy S10 reported that when th

LG Electronics posted 781.4 billion won in operating profit in the third quarter of this year, recording the highest-ever quarterly results.The company is highly likely to surpass 20 trillion won in annual sales in the home electronics sector alone this year, becoming the world’s largest home electr

Samsung Heavy Industries announced on Oct. 30 that it has decided to terminate a shipbuilding contract for two drillships with Transocean, a Swiss shipping company. Drillships are vessel-type facilities for drilling oil and gas wells.Samsung Heavy Industries terminated the shipbuilding contract on O

LG Chem requested an import ban with regard to SK Innovation’s battery pack in the Kia Niro. Kia Motors is likely to be affected by the patent infringement lawsuit LG Chem recently filed with the United States International Trade Commission (USITC).The USITC initiated its investigation for the lawsu

Early this month, the OECD Secretariat proposed a unified approach so that digital taxes can be imposed on global manufacturing as well as IT companies if their global sales are above a certain level.Digital taxes are imposed on global Internet companies such as Google and Facebook. The approach pro

Smart farm company uLikeKorea announced on Oct. 30 that it has recently been selected by Microsoft (MS) to participate in its global “MS IoT in Action” event. The only Korean agritech company to be selected by MS, uLikeKorea will participate in the global event to discuss how to further optimize IoT

Hyundai Motor Co.’s sales in Saudi Arabia have increased more than 60 percent compared to last year amid rebounding automobile sales in the Middle East country. Hyundai Motor has drawn up a new marketing strategy as the Saudi Arabian automobile market is expanding due to a rise in the number of fema

The operator of van-hailing app Tada has been indicted on charges of violating the transportation law, becoming the latest victim of Korea’s stifling regulations on mobility startups.Mobility-related regulations remain unchanged despite the Korean government’s repeated pledges of reform. As a result

Hyundai Motor announced on Oct. 28 (local time) that it has signed a memorandum of understanding (MOU) with Israel's largest logistics company Taavura to secure future technology.Taavura is a road transport and air cargo services company established in 1955 and has recently expanded its business

Hyundai Heavy Industries Group has obtained approval from Kazakhstan of its plan to merge with Daewoo Shipbuilding & Marine Engineering (DSME).Kazakhstan is the first country to approve the merger plan. Hyundai Heavy Industries Group said on Oct. 29 that Kazakhstan authorities approved its plan with

SK Holdings C&C announced on Oct. 29 that it has won the Global Vitality Service Application Development and Operation project from South Africa’s leading financial company Discovery.Under this agreement, SK Holdings C&C will develop core applications of the Vitality Platform used in Korea, Germany,

Eugene Investment said on Oct. 29 that some index-following passive investment funds will have to sell part of their Samsung Electronics shares if the stock becomes subject to the KOSPI 200 market capitalization cap.“Those funds are likely to purchase other stocks constituting the KOSPI 200 index if

Samsung Electro-Mechanics and LG Innotek, the two largest electronic component manufacturers in South Korea, are showing a noticeable performance improvement in the second half of this year. This is because their camera module and semiconductor substrate sales are growing fast after Apple and Samsun