A Korea-U.S. research team has developed artificial intelligence-based radar to cope with the drone threat from North Korea. The radar is powerful enough to detect an ultra-small drone over three kilometers away.The Daegu Gyeongbuk Institute of Science and Technology (DGIST) announced on July 16 tha
When Netflix entered the Korean market, some analysts said that it would end up in a “storm in a teacup.” However, it took less than three years for the U.S. firm to dominate the domestic video service market. Netflix has established itself as an over-the-top (OPP) video service operator with 1.84 m
Suspicions have been raised that a former Korea Hydro & Nuclear Power (KHNP) employee leaked more than 2,300 copies of confidential data related to the Shingori nuclear power plant in order to get a new job abroad.According to Liberty Korea Party lawmaker Park Dae-chul, who is a member of the Scienc
Dong-A ST Co. are stepping up efforts to develop new drugs. The company has developed four new homegrown treatments and has been investing 10 percent of its sales in research and development (R&D) every year to achieve its goal to become a leading company with globally sold new medicines.The company
Samsung Electronics and SK Hynix, the No. 1 and No. 2 memory chipmakers in the world, are responding to Japan’s export curbs in different ways. In the case of Samsung Electronics, vice chairman Lee Jae-Yong is in the forefront of searching for ways out of the crisis. At SK Hynix, working level offic
SK Hynix initiated testing of domestically procured high-purity hydrogen fluoride in order to deal with Japan’s semiconductor material export restrictions. South Korean semiconductor firms are trying to diversify their supply sources to circumvent Japan's export curbs.The hydrogen fluoride that
The Japanese government announced that it would withdraw its export procedure-related preferential treatment for South Korea this month or next.This means South Korean companies must obtain an individual export license for each strategic item, including semiconductors and displays, and Japan’s expor
The Korea International Trade Association said on July 14 that South Korea imported semiconductor manufacturing equipment worth a total of US$1.212 billion from Japan for the first five months of this year and the amount is equivalent to 33.8 percent of South Korea’s total semiconductor manufacturin
Japan-based Nomura Securities Co. said the country’s curbs on semiconductor material exports can help the South Korean semiconductor industry. This is because the price of memory chips will rise if an inventory is reduced through production cuts that can help ease the current oversupply situation.“T
The U.S. bull market has strongly pushed up the global stock market, including South Korea. It seems that investors' attitude toward risk assets has improved as the U.S. Federal Reserve (Fed) implied that it would cut its benchmark interest rate again. There are still concerns over Japan’s expor
Many South Korean companies are having a hard time formulating their business strategies for the second half of this year. This is because the U.S.-China trade war is ongoing, both exports and domestic consumption are sluggish, and Japan’s economic retaliation is adding to their difficulties.Earlier
Samsung Electronics is concerned over how to operate its foundry facilities, which are the core of its non-memory chip business, with the Japanese government restricting exports of photoresists for use in extreme ultraviolet (EUV) lithography, which constitute the center of the company’s foundry bus
Naver Business Platform (NBP) announced on July 11 that it has concluded an agreement with Deskera, the number one SaaS company in Southeast Asia.Deskera will provide cloud-based enterprise business software solutions to Southeast Asian customers through the global legion of the Naver Cloud Platform
Foreign capital inflows into South Korean stocks and bonds hit a 17-month high last month.The South Korean securities market had US$4.78 billion (5.62 trillion won) worth foreign capital inflows in June, the largest amount in 17 months since January last year when US$5.22 billion (6.14 trillion won)
South Korea’s direct investment in Japan came to 317 billion won (US$268.30 million) in the first quarter of this year, up 42 percent, or 95 billion won (US$80.41 million), from a year earlier.South Korean companies invested 25.90 billion won (US$22.01 million) in January, 49.50 billion won (US$42.0
Standard and Poor’s (S&P), one of the big three global credit rating agencies, has slashed its growth outlook for South Korea’s economy this year to 2.0 percent from 2.4 percent.S&P joins the growing list of overseas agencies that have lowered their estimates of Korea’s economic growth to around 2.0
Samsung Electronics is planning to raise its NAND flash memory price by 10 percent amid growing concerns about a disruption in production due to the Japanese government’s semiconductor material export restrictions. Other companies such as Micron Technology are likely to follow suit.Recently, Samsung
Shin Hak-cheol, vice chairman of LG Chem, confidently said on July 9 that even if Japan restricts exports of battery materials, LG Chem can overcome it by diversifying raw material supply sources.“We are already writing scenarios to be prepared," Shin said in his first news conference since taking o
Cross-shareholding arrangements among affiliates of South Korean chaebol business groups are becoming a thing of the past under the government's strong corporate reform drive. The South Korean government held its third meeting on chaebol reform and fair economy on July 9. The first and second me
The National Pension Service (NPS) will strengthen the investment functions of its overseas offices, a high-ranking NPS official said on July 8.This means the NPS will raise the proportion of overseas investment in its total investment assets. “The NPS is planning to transfer more investment functio