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CEO & Publisher: Oh Young-jinDigital News Email: webmaster@koreatimes.co.krTel: 02-724-2114Online newspaper registration No: 서울,아52844Date of registration: 2020.02.05Masthead: The Korea TimesCopyright © koreatimes.co.kr. All rights reserved.

Hyundai Mobis develops rollable display for cars

This photo shows a rollable display developed by Hyundai Mobis rolling up from its base housing. Courtesy of Hyundai MobisBy Baek Byung-yeulHyundai Mobis succeeded in developing the world's first in-vehicle rollable display, creating more space inside automobiles, the company said, Monday.Hyundai Motor Group's automobile parts affiliate said its new display features a screen that rolls up and down when displaying driving information.“The screen disappears when the car is turned off. When driving, users can roll the screen up just one-third of the way with only the minimum driving information required. The display is scaled up to two-thirds when using navigation,” the company said.This is the first time that a rollable display for cars has been developed; the displays are already employed in smartphones and TVs. The rollable display will be situated where navigation systems are typically installed. Due to its flexible design, the display gives carmakers more room to come up with creative interior design concepts.With the advanced display, Hyundai Mobis aims to win orders f

Apr 17, 2023By Baek Byung-yeul
Hyundai Mobis develops rollable display for cars

Legal setbacks, launch of union hamper Google's growth prospects in Korea

Google Korea's office in Seoul / Courtesy of Google KoreaBy Baek Byung-yeulGoogle is feared to lose its growth momentum in Korea, as the U.S. tech giant has been facing increasingly unfavorable business conditions due to a series of legal setbacks coupled with the unionization of its workers, according to industry officials Friday.A top court ruled recently that the company was negligent in protecting Korean user data and the antitrust agency fined it for obstructing the entry of competitors by abusing its dominant market position. Also, Google Korea employees established a union on April 11 to counter the firm's move to downsize the workforce.“Google has been facing regulatory measures for abusing its dominant position here. Given domestic IT service providers have been pressured to comply with the government's regulations more strictly that overseas companies, these measures showed that Google needs to pay more attention to local law,” an official from a local app developer said on condition of anonymity.On Thursday, the Supreme Court ruled that Google has an obligation

Apr 14, 2023By Baek Byung-yeul
Legal setbacks, launch of union hamper Google's growth prospects in Korea

Korean think tank voices concerns over US government's access to Samsung's trade secrets

U.S. Secretary of Commerce Gina Raimondo listens during a virtual meeting with Deputy Secretary of Defense Kathleen Hicks, CEO's and labor leaders called to discuss the importance of passing the Chips Act to bolster America's competitive edge at the White House, July 25, 2022. UPI-YonhapBy Baek Byung-yeulSamsung Electronics and other chip companies preparing to launch their manufacturing sites in the United States are increasingly concerned about potential negative impacts on national security due to the excessive subsidy application requirements of the CHIPS and Science Act announced by the U.S. government, including the potential risk of technology leaks, according to a think tank here, Friday.The Korea Economic Research Institute (KERI), a research center under the Federation of Korean Industries (FKI), pointed out four major issues with the subsidy requirements of the CHIPS Act, recently announced by the U.S. Department of Commerce, which could hinder the plans of the chip companies to build chip-making factories there.The four issues are: allowing access to chip facilities in th

Apr 14, 2023By Baek Byung-yeul
Korean think tank voices concerns over US government's access to Samsung's trade secrets

LG CNS enjoys popularity with home gadget community app

Seen is a screenshot of 220 Cord & Code home appliance community platform app, developed by LG CNS. Courtesy of LG CNSBy Baek Byung-yeulLG CNS is enjoying popularity with its 220 Cord & Code home appliance community platform with young consumers increasingly referencing the app when they purchase new gadgets, according to the company, Thursday. The company launched the 220 Cord & Code app last September. It provides a platform for users to share experiences related to home appliances. LG CNS explained the name, saying 220 comes from 220 volts, the standard voltage of Korea and symbolizes home appliances. Cord and code refer to connecting consumer preferences.Since its launch, the mobile app recorded about 100,000 downloads. A YouTube video clip promoting the mobile app recorded over 1 million views.To help consumers easily choose home appliances, the mobile app is operating its Circle Member system in which influencers share reviews, trends and information on customer service and repairs.“As useful tips related to home appliances go viral, the proportion of people i

Apr 13, 2023By Baek Byung-yeul
LG CNS enjoys popularity with home gadget community app

High-performance game monitors become new foothold for Samsung, LG

Models try out LG Electronics' UltraGear gaming monitor, Jan. 17. Courtesy of LG ElectronicsBy Baek Byung-yeulSamsung Electronics and LG Electronics are expecting their game monitors with high-performance features could become a crucial source of income at a time when IT companies are struggling with sluggish demand for their products, according to industry officials and companies, Wednesday. “As the number of gamers is increasing fast, larger than that of films, demand for monitors that are specialized for playing games will be expanded further,” an industry official said on condition of anonymity.The official also mentioned that the companies expect demand from the Chinese market will also increase as the country is recovering from the pandemic.Market tracker TrendForce forecast that the shipments of game monitors in 2023 will be at 20.8 million, up 5 percent year-on-year.“This recovery will mostly be driven by three factors,” TrendForce said. “First, a number of brands are replacing their 75Hz models with 100Hz models. Second, the 2023 Hangzhou Asian

Apr 12, 2023By Baek Byung-yeul
High-performance game monitors become new foothold for Samsung, LG

Lunar orbiter Danuri captures dark side of the moon

Seen is Vallis Schrodinger, a long and narrow valley on the far side of the moon. The Danuri lunar orbiter took the photo of the valley on March 24. Courtesy of Ministry of Science and ICTBy Baek Byung-yeulDanuri, Korea's first lunar orbiter, has succeeded in capturing photos of the dark side of the moon. The photos are part of scientific research to observe the moon from about 100 kilometers above its surface, according to the science ministry, Wednesday.This is the first time that the Korean spacecraft photographed craters, valleys, basins and other traces of the moon's dark side, which is hard to observe from the Earth because it is tidally locked to our planet.Using the Lunar Terrain Imager (LUTI), developed by the Korea Aerospace Research Institute (KARI), Danuri captured high-resolution images of regions on the dark side or far side of the moon, such as the Tsiolkovskiy crater, the Vallis Schrodinger valley and the Szilard crater, the ministry said.“Danuri photographed the Tsiolkovskiy crater area on March 22 and the Vallis Schrodinger area and the Szilard crater area on

Apr 12, 2023By Baek Byung-yeul
Lunar orbiter Danuri captures dark side of the moon

Global EV battery market to grow fivefold to $616 billion in 2035: market tracker

SNE Research Vice President Oh Ik-hwan speaks during a seminar in Seoul, April 12. YonhapThe global electric vehicle (EV) battery market is forecast to post rapid growth to $616 billion in 2035, a market tracker said Wednesday, with the China-based production likely to sharply shrink amid the EV-related policy revamps in the United States and Europe.The projection marks a fivefold increase from $121 billion estimated for this year, according to a report by SNE Research, a Seoul-based energy market tracker. Demand for EV battery production is expected to reach 5.3 terrawatt hours (TWh) globally in 2035, compared with 687 gigawatt hours (GWh) predicted for 2023. The report said the combined production capacity of global top six battery makers, including Korea's LG Energy Solution, Samsung SDI and SK On, will likely stand at 5 TWh in 2035. By region, the EV battery production in North America is expected to account for 31 percent of the global production, sharply growing from the current 6 percent, the report said, as battery makers are ramping up manufacturing in the region to qualify

Apr 12, 2023
Global EV battery market to grow fivefold to $616 billion in 2035: market tracker

Korea to launch 3rd Nuri space rocket on May 24

Researchers at the Korea Aerospace Research Institute connect the first and second segments of a Nuri space rocket at the Naro Space Center in Goheung, South Jeolla Province. The science ministry said Tuesday that the third Nuri rocket launch is scheduled for May 24. Courtesy of Ministry of Science and ICTBy Baek Byung-yeulKorea will conduct the third launch of its locally developed Nuri space rocket on May 24 as part of the country's efforts to secure its own technology for putting satellites in orbit, the science ministry said Tuesday.The Ministry of Science and ICT said it held a meeting of the Nuri's launch management committee and decided to launch the next Nuri rocket from the Naro Space Center in Goheung, South Jeolla Province.“The launch management committee carefully reviewed preparations for the third Nuri launch, a satellite-mounting schedule, final test plan and various conditions such as weather, space environment and possibility of collision with space objects and set a scheduled launch date of May 24,” the ministry said.The launch committee added the prelim

Apr 11, 2023By Baek Byung-yeul
Korea to launch 3rd Nuri space rocket on May 24

Samsung Display to provide OLEDs to Ferrari

Choi Joo-sun, right, CEO of Samsung Display, poses with Benedetto Vigna, CEO of Ferrari, after agreeing to provide OLED displays to the Italian supercar maker at Samsung's Asan Campus in South Chungcheong Province, Tuesday. Courtesy of Samsung Display 

Apr 11, 2023By Baek Byung-yeul
Samsung Display to provide OLEDs to Ferrari

Naver faces growing regulatory risks as its online dominance grows

Choi Soo-yeon, CEO of Naver / Courtesy of NaverBy Baek Byung-yeulThe government and lawmakers are taking action to regulate Naver's monopolistic position, according to industry officials, Monday.The Fair Trade Commission (FTC) has been strengthening its guidelines for evaluating monopolistic practices of internet platform companies like Naver since the beginning of the year. Additionally, the National Assembly's National Policy Committee held a public hearing recently on a proposed law aimed at regulating online platform intermediation transactions. The ruling People Power Party (PPP) also has been increasing its criticism of Naver and plans to propose a bill to prevent the abuse of platform dominance, which could present potential obstacles to Naver's strategy of expanding into the global market through various businesses such as online comics.The PPP criticized Naver, which operates an online shopping mall service called Smart Store, as the company is abusing its dominance while not serving its responsibility as a dominant platform provider.“Although the FTC issued corrective

Apr 10, 2023By Baek Byung-yeul
Naver faces growing regulatory risks as its online dominance grows
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