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Tech & Science

DJI launches advanced stabilized camera

By Kim Yoo-chulDJI, a global leader in civilian drones and creative camera technology, has introduced its advanced stabilized camera, the DJI Pocket 2.In a statement, the company said the Pocket 2 is can realize creative designs and has an improved performance so that creators of all skillsets can easily capture and create amazing stories. DJI Pocket 2The DJI Pocket 2 packs full-scale performance in a highly portable and lightweight body, making it the perfect everyday camera to have in your pocket, bag or purse. For its small size, Pocket 2 does not compromise on features. The three-axis gimbal makes footage smooth and appealing. Supported by a 4K camera, a larger sensor and a wider lens, the Pocket 2 delivers improved image quality in both photo and video modes compared to its predecessor, the company said.“There was nothing like the DJI Osmo Pocket on the market when we first released it in November 2018, and it immediately changed the way we capture life's special moments,” DJI President Roger Luo said in the release. “The DJI Pocket 2 takes it even further. The

Oct 22, 2020By Kim Yoo-chul
DJI launches advanced stabilized camera
Tech & Science

LG Display teams up with Disney filmmakers

The corporate logos of LG Display and Walt Disney Studios' StudioLABBy Kim Yoo-chulAs a major turnaround approaches in terms of third-quarter profit, LG Display, the world's leading display maker, said Wednesday it has teamed up with Walt Disney Studios' StudioLAB.The partnership calls for LG Group's display affiliate to supply its advanced organic light-emitting diode (OLED) panels for Disney's in-house production operations.“The partnership will last over the next three years,” LG said. “One striking point is that LG is the first focused on the development of both professional and consumer displays. “The two companies will work on a variety of projects to equip Walt Disney Studios' filmmakers with new production tools and provide consumers with immersive experiences tied to the studios' film releases.”Financial details of the partnership are unknown.OLED displays have advantages over conventional displays, primarily the realization of higher-quality images.“This partnership reiterates our commitment to providing the best display capabilities to D

Oct 21, 2020By Kim Yoo-chul
LG Display teams up with Disney filmmakers
Tech & Science

Samsung's Lee confirms advanced talks with ASML

Samsung Electronics Vice Chairman Lee Jae-yong arrives at Gimpo International Airport in Seoul, Wednesday, along with the company's device solutions business unit chief Kim Ki-nam after finishing a business trip to Europe. / YonhapBy Baek Byung-yeul, Kim Yoo-chulMonths after Samsung Electronics Vice Chairman Lee Jae-yong told President Moon Jae-in that the world's top memory chip manufacturer was working on developing extreme ultraviolet (EUV) scanner technology, he has confirmed that the company is in talks to advance its business relationship with ASML further.“This time, I've been exploring ways to develop relations regarding EUV,” Lee told reporters upon his arrival at Gimpo International Airport from the Netherlands, Wednesday. Lee went home after he tested negative for COVID-19.In a statement, Samsung Electronics headquarters in Seoul said Lee met with top management at ASML including CEO Peter Wennink and CTO Martin van den Brink at their head office in Eindhoven, on the sidelines of his week-long trip. The meeting covered various issues of mutual interest, such as

Oct 14, 2020By Kim Yoo-chul
Samsung's Lee confirms advanced talks with ASML
Companies

Tesla unlikely to achieve success with $25,000 vehicles

Tesla CEO Elon Musk attends an opening ceremony for Tesla's China-made Model Y program in Shanghai, Jan. 7. Reuters-Yonhap By Kim Yoo-chulTesla recently announced its plan to drastically reduce the cost of its battery cells and packs ― which suggests the company's new goal is a $25,000 electric vehicle (EVs). The remarks raised the possibility of Tesla's increased battery purchases from LG Chem and Panasonic, as well as CATL of China.But according to analysis by Sandy Munro, both an occasional critic as well as a supporter of Tesla's manufacturing prowess, Tesla would not hugely increase the production of $25,000 in-house EVs mostly because of the possible dissatisfaction of its shareholders both in terms of profits and market positioning.Tesla CEO Elon Musk predicted many times that Tesla would dramatically reduce the cost of its EVs. He first promised a $25,000 EV back in 2018, which he said would be possible within three years from that time.“So far, Tesla buyers

Oct 9, 2020By Kim Yoo-chul
Tesla unlikely to achieve success with $25,000 vehicles
Economy

Economy's rebound set to continue in Q4

People wearing face masks to help protect against the spread of the coronavirus wait for their trains ahead of the upcoming Chuseok holiday, sometimes called Korean Thanksgiving Day, at the Seoul Station, Sept. 29. AP-Yonhap By Kim Yoo-chulAs the COVID-19 pandemic is apparently slowing down here, with the number of people testing positive falling below 100 for the fourth straight day as of Sunday during the Chuseok holiday, some expect the economy to continue its recent signs of recovery through the fourth quarter.Strengthened coronavirus containment measures weighed heavily on economic activity in the second quarter with steep falls in real gross domestic product (GDP) in most G20 countries. For the G20 as a whole, GDP dropped by a record 6.9 percent, larger than the 1.6 percent fall recorded in the first quarter of 2009 at the height of the financial crisis. GDP contraction was less pronounced in Korea with 3.2 percent recorded for the three months ended June 30,

Oct 4, 2020By Kim Yoo-chul
Economy's rebound set to continue in Q4
Companies

EXCLUSIVE Tesla looking to acquire stake in LG

Tesla CEO Elon Musk walks next to a screen showing an image of a Tesla Model 3 car during the opening ceremony for Tesla's China-made Model Y program in Shanghai, Jan. 7. Reuters-YonhapBy Baek Byung-yeul, Kim Yoo-chulTesla is looking to acquire a stake in LG Energy Solution, soon to be separated by LG Chem, to procure a stable supply of batteries, bank sector sources told The Korea Times, Monday.“Tesla is looking to acquire a stake in LG Energy Solution. Specifically, Tesla is said to be exploring taking up to a 10 percent stake in LG Energy Solution,” one source said on condition of anonymity as he wasn't authorized to officially speak to the media. LG Chem, a key battery supplier to Tesla and General Motors, said earlier its decision to spin off its battery business in December was based on its judgment that this is the “right time” to do so, as the battery industry is growing rapidly and structural profits in the electric vehicle (EV) battery sector are being made. From Tesla's standpoint, any direct investment in LG will help it purchase qualified batterie

Sep 28, 2020By Kim Yoo-chul
[EXCLUSIVE] Tesla looking to acquire stake in LG
Companies

KDB plans to offer 'financial assistance' to SsangYong

The main entrance of SsangYong Motor Company in Pyeongtaek, Gyeonggi Province. Korea Times fileBy Kim Yoo-chulThe Korea Development Bank (KDB), the major creditor of the ailing Korean automaker SsangYong, plans to offer the company “some financial help,” after U.S.-based automobile distributor HAAH Automotive Holdings clarified its intention to acquire its managerial rights.According to sources at investment banks here, HAAH recently delivered its detailed acquisition plans for SsangYong. HAAH requested that SsangYong creditors, including the state-run bank, extend maturing debts and reset the stakeholder position to give it control before it makes an investment.“If these conditions are met, then HAAH told SsangYong that it would invest up to 300 billion won,” a source involved with the issue said. “In HAAH's proposal for SsangYong was a request for creditors to delay any announcement of an event of default (EOD) until the normalization of SsangYong's business operations.” An EOD is a condition specified in loan agreements that triggers a demand of

Sep 23, 2020By Kim Yoo-chul
KDB plans to offer 'financial assistance' to SsangYong
Companies

SK Innovation denies 'sanctionable spoilation' accusation

This picture shows the corporate logos of LG Chem, left, and SK. Korea Times fileBy Kim Yoo-chulAs the final ruling by the United States International Trade Commission (USITC) over SK Innovation's alleged direct involvement in stealing battery secrets from LG Chem is approaching, the SK Group affiliate filed its view to the ITC insisting that it didn't engage in “sanctionable spoliation.” “LG moves for sanctions under Commission Rules 210.25 (a) and 210.33 (b), which expressly authorize sanctions for violation of a discovery order, but LG doesn't allege that SK committed any such violation. LG's motion therefore cannot be based on these rules and instead relies on an argument,” SK Innovation told the USITC, a copy of which was obtained by The Korea Times, Tuesday.“SK didn't engage in the spoliation of evidence. Spoliation of evidence is a serious charge, and sanctions for spoliation are only warranted under a demanding standard. The party requesting sanctions must show that the party to be sanctioned destroyed relevant evidence that the party had a duty

Sep 22, 2020By Kim Yoo-chul
SK Innovation denies 'sanctionable spoilation' accusation
Companies

LG, Hyundai to build joint battery plant in Indonesia

A Tesla Model X electric vehicle is shown in Moscow, Russia. in this July 23 file photo. Reuters-YonhapBy Baek Byung-yeul, Kim Yoo-chulLG Chem is in final discussions with Hyundai Motor Group over the launch of an electric vehicle (EV) battery plant in Indonesia after the government there approved of the project, two sources involved in the issue said Monday.“LG Chem is close to announcing its plan to build the EV battery plant in which Hyundai will have a sizable stake. General terms of have been agreed upon, but some details need to be fine-tuned before an official announcement,” a senior industry executive said.The investment will be “substantial” as Jakarta has guaranteed preferential tax treatment for startups. The Southeast Asian country plans to grant both LG Chem and Hyundai tax exemptions on imported construction materials for at least seven years. “Both LG Chem and Hyundai Motor also requested preferential customs procedure treatment, which has also been approved,” said the executive.Because the planned investment is “not small,&rdq

Sep 21, 2020By Kim Yoo-chul
LG, Hyundai to build joint battery plant in Indonesia
Tech & Science

Samsung showcases efforts to tackle Alzheimer's disease

A combined photo capture taken from a video released by Samsung Newsroom, Sunday, a day before this year's Alzheimer's Day, shows four researchers who are studying Alzheimer's disease with financial support from the Samsung Science and Technology Foundation. Courtesy of Samsung Electronics By Kim Yoo-chulA day before World Alzheimer's Day (Sept. 21), Samsung Electronics released videos highlighting efforts by researchers to develop various projects aimed at tackling the disease on multiple fronts.The content, viewable online at Samsung Newsroom, demonstrates the company's focus on how its financially assisted development projects help people who have the disease. Samsung has funded 15 projects both directly and indirectly via Samsung Science and Technology Foundation so far.The 15 include ones related to disease-modifying therapies and diverse treatment options for patients who are experiencing symptoms of cognitive decline. Samsung's support for Alzheimer disease p

Sep 20, 2020By Kim Yoo-chul
Samsung showcases efforts to tackle Alzheimer's disease
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