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Hanwha set to play 'key role' in hydrogen economy

By Kim Yoo-chulHanwha Group is looking to make the hydrogen economy a significant part of its future business model with senior executive Kim Dong-kwan leading relevant “strategic initiatives” for this.In a statement, Hanwha said its investment into U.S. startup Nikola, specializing in fuel-cell and battery trucks, was a “huge success” after the company's stock price closed at $33.75, June 4 (local time), its first trading day after going public, boosting its value to $12.2 billion.“The value of Hanwha Energy and Hanwha General Chemical's investment into Nikola increased to $750 million. This is a seven-fold jump since the two affiliates invested $100 million in the startup in November 2018,” according to the statement release.Hanwha Solution Senior Executive Kim Dong-kwanHanwha manufactures solar modules and various other types of eco-friendly and renewable energy equipment. Hanwha will supply Nikola with solar modules to generate hydrogen for “green electricity” at specified locations, with Germany's Bosch taking charge of developing

Jun 8, 2020By Kim Yoo-chul
Hanwha set to play 'key role' in hydrogen economy
Tech & Science

SK plans to build 'healthcare' factory in Korea

SK Telecom Park Jung-ho speaks during a press conference on the sidelines of this year's Las Vegas technology exhibition in this file photo. Courtesy of SK TelecomBy Kim Yoo-chulSK Telecom, the country's largest mobile carrier, was discussing with Israeli imaging company Nanox to construct a possible manufacturing facility in South Korea, under which the carrier's semiconductor affiliate ― SK hynix ― will fabricate semiconductor chips for use in Nanox' various digital X-ray devices.“Various scenarios are under review. Yes, constructing a new facility in South Korea by teaming up with Nanox is one viable option, which does make sense given continued solid demand in devices crucial to healthcare-oriented industries,” one SK executive said by telephone, Friday. But he didn't elaborate further. SK Telecom said it has invested $20 million in the Israeli company as Nanox is preparing for a Nasdaq listing. Thanks to the investment, SK has become the second-largest shareholder in Nanox. Plus, Nanox appointed SK Telecom CEO Park Jung-ho to its board of directors.Nanox has develope

Jun 5, 2020By Kim Yoo-chul
SK plans to build 'healthcare' factory in Korea
Tech & Science

NHN begins promotion at 'Apple App Store'

By Kim Yoo-chulNHN Payco started launching a discount promotion for Payco users paying with “Payco Points” at the local Apple App Store, the company said Friday.Until June 15, according to the campaign, NHN Payco provides discounts of 3,000 won for payments of 10,000 won or more, to users who pay all in-app payments and paid app payments with “Payco Points,” including the latest games such as Netmarble's “A3:STILL ALIVE” on the Apple App Store. The discount only applies to the first payment within the period. All payment users also could get 2 percent basic rewards when paying with the points system in addition to promotion discounts. Two percent of the payment amount will be rewarded as points without limit, and the accumulated points can be used for the next payment.“Users need to select Payco Points as the payment option in their Apple ID account settings, and then they can use the payment after they complete the account linkage with Payco ID,” it said in a statement. NHN Payco is aiming to provide more “convenient payment expe

Jun 5, 2020By Kim Yoo-chul
Companies

Celltrion says COVID-19 drug candidate shows 'positive results'

A Celltrion researcher looks at a monitor in this file photo, Monday. Courtesy of CelltrionBy Kim Yoo-chulSouth Korea's top-tier pharmaceutical company Celltrion said Monday its in-house COVID-19 experimental treatment has shown “positive results” in animal testing, such as improvement in lung lesions.In a statement, the Incheon-headquartered company added its drug for COVID-19 “specifically demonstrated a 100-fold reduction in viral load” in animal testing.Regarding the timing of the first human clinical tests for the Celltrion candidate, the statement said, “We are set to start in July, this year.” The South Korean manufacturer also added the latest test results indicated Celltrion's candidate “could be a potential treatment for COVID-19” only if the results are replicated in clinical trials.Leading global pharmaceutical companies are teaming up to develop possible treatments and vaccines for the virus which has so far caused over 370,000 deaths, globally.Celltrion teamed up with Chungbuk National University College of Medicine for th

Jun 1, 2020By Kim Yoo-chul
Celltrion says COVID-19 drug candidate shows 'positive results'
Tech & Science

'5G will be defined by smart glasses'

gettyimagesbankBy Baek Byung-yeul, Kim Yoo-chulTelecom companies tend to talk about second-generation (2G), 3G, 4G and now 5G in terms of network capability. This make sense as telecom operators are the builders and operators of the network infrastructure.But for consumers, the mobile phone, or “terminal device,” is what they relate to ― and of course the two are require each other. Historically, the 2G era is best represented by Nokia's six different “Xpress-on” colors phones. The key feature of the Nokia product is that its battery operated for days on a single charge yet the phone was only capable of a data transfer rate of 9.6 kilobits per second (Kbps ― thousands of bits per second).The 3G networks are best remembered for the launch of Apple iPhone. Launched in June 2007, it featured the most innovative touch-screen technology of the time and was marketed as being capable of download speeds ranging between 700 kbps to 1.7 megabits per second (Mbps) on AT&T's 3G network.4G was all about screen size. Data speeds which supported high-definition (HD) vide

May 31, 2020By Kim Yoo-chul
'5G will be defined by smart glasses'
Tech & Science

KT CEO Koo named as ITU commissioner

By Kim Yoo-chulKT chief executive Ku Hyeon-mo has been named as a commissioner at an International Telecommunication Union's (ITU) broadband commission. Established in 2010, the commission is a “discussion board” bringing together senior executives from firms such as Facebook, Microsoft, Nokia and Ericsson, as well as heads of states and senior government officials.The commission comes up with initiatives for a steady expansion of high-speed internet infrastructure and supports digitally driven technology development.KT CEO Ku Hyeon-mo.The nomination comes at a time when the COVID-19 pandemic is threatening humanity, and information technology and social media are being used on a massive scale to respond to the outbreak.The ITU said that as spurious claims linking fifth-generation (5G) technology to the spread of the pandemic were mounting on some social media platforms, it would stand on the side of science and technology to tackle the issue. The ITU recently adopted the following three action plans ― resilient connectivity, affordable access to the safe use of online se

May 31, 2020By Kim Yoo-chul
KT CEO Koo named as ITU commissioner
Tech & Science

Samsung initiates early relocation program

A researcher at LG Display inspects the activity of a robot delivering glass sheets using a remote controller at the company's cutting-edge LCD manufacturing facility in Paju, Gyeonggi Province, in this file photo. Korea Times fileBy Kim Yoo-chulFollowing its decision to exit the “legacy” liquid crystal display (LCD) market, Samsung Display said Monday it has been receiving an increased number of “early retirement” applications from employees.“Since the company's March decision that Samsung Display will stop producing LCD panels, the number of people applying for the firm's early relocation program has increased,” Sean Cho, chief spokesman at Samsung Display, said.Cho said large-scale transitional efforts were already underway to minimize the impact of the ongoing changes for those employees affected. “Employees at Samsung's LCD lines will be assigned to new tasks by the end of the year. The necessary procedural steps are now under way,” he added.Employees who apply for the company's early relocation program will be eligible to receive

May 25, 2020By Kim Yoo-chul
Samsung initiates early relocation program
Tech & Science

LG boss issues apology over fatal accidents

By Kim Yoo-chulLG Chairman Koo Kwang-mo has issued a public apology for two fatal accidents that occurred in India and South Korea, and ordered the group's top management to make “thorough safety checks” at domestic and overseas manufacturing facilities operated by LG Group affiliates.“I am expressing my deepest condolences and sincere apology over the fatal accidents in India and South Korea and those who were affected including the families. Also, I offer my heartfelt apology to a lot of people because of the incidents,” Koo told senior group executives on the sidelines of a hurriedly arranged visit to LG Chem's catalyst plant in the southwestern city of Seosan.LG Chairman Koo Kwang-moAccompanied by LG Chem CEO Shin Hak-chul and other senior group executives, Koo used the group-owned helicopter to visit the plant following a fire there Tuesday that left one worker dead and two injured. “LG's top management should be held accountable for the latest safety-oriented incidents. We have to go back to the basic idea that safety is the group's priority. Group

May 20, 2020By Kim Yoo-chul
LG boss issues apology over fatal accidents
Tech & Science

Samsung unveils 50MP camera sensor

Samsung Electronics' ISOCELL GN1 image sensors / Courtesy of Samsung ElectronicsBy Kim Yoo-chulAs part of continued efforts to rival leaders in the growing mobile camera image sensor segment, which is promising and highly-lucrative both in terms of growth potential and profitability, Samsung said Tuesday it has started shipping the brand new ISOCELL GN1 mobile image sensors to clients.In a statement, Samsung, the world's largest memory chip fabricator, said the now available 50 megapixel (MP) GN1 mobile image sensors feature “dual pixel” and “tetra cell” technologies, claiming the new product is the first mobile image sensor supporting the features simultaneously. The new 50MP sensor with large pixels is comparable to Sony's IMX700 50MP sensor. The offering from Sony was released in February this year and is currently being used in the P40 mobile phone series produced by China's Huawei. It is unknown whether or not the GN1 sensor will be used in any soon-to-be-released flagship handsets by China's Huawei or Xiaomi.Camera image sensor technology can make all th

May 19, 2020By Kim Yoo-chul
Samsung unveils 50MP camera sensor
Companies

Biologics' 3rd plant wins ISO 22301

Samsung Biologics CEO Kim Tae-han, left, shakes hands with BSI executive Song Kyung-soo, center, after the company's third factory in Songdo, Incheon, received ISO 22301 certification, Tuesday. Courtesy of Samsung BiologicsBy Kim Yoo-chulSamsung Biologics, a leading biological drug development company, said Tuesday its third manufacturing plant in Songdo, Incheon, has received ISO 22301 certification.The latest achievement marked the company's three factories being recognized as facilities that can guarantee the stable supply of its products with greater acknowledgement of the firm's qualified and advanced handling of bio-safety testing services, Samsung Biologics said.Samsung Biologic's last received ISO 22301 certification from the British Standards Institution (BSI), a global certification association, in April 2018. ISO 22301 certificate is well regarded as a comprehensive industry standard published by the International Organization for Standardization (ISO), which represents the highest level of commitment of business continuity and disaster preparedness.Samsung Bio's third Son

May 19, 2020By Kim Yoo-chul
Biologics' 3rd plant wins ISO 22301
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