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Thu, May 19, 2022 | 17:22

Regulator OKs SK hynix's acquisition of Key Foundry

Korea's antitrust regulator said Wednesday it has decided to approve the deal by the country's major chipmaker SK hynix to buy local foundry firm Key Foundry.

2022-03-30 11:34

Kakao embroiled in $73-million lawsuit with former CEO

Former Kakao CEO Rim Ji-hoon filed a lawsuit against the company's founder, Kim Beom-su, and Kakao Ventures CEO Chung Shin-a to receive up to 88.7 billion won ($73 million) in performance-based bonus pay, according to industry officials, Friday.

Park Jae-hyuk | 2022-03-25 16:52

LG Energy Solution to build new battery factories in US, Canada

LG Energy Solution (LGES) is expanding its battery cell manufacturing capacity in North America, as the company unveiled two new battery plant projects in the United States and Canada, according to LG Group's battery-making subsidiary, Thursday.

Baek Byung-yeul | 2022-03-24 15:37

Virtual humans emerge as major trend in burgeoning metaverse

The virtual world - or metaverse - has been emerging as the talk of the town, especially since the coronavirus pandemic has drastically curtailed in-person interactions and led people to utilize technology for digital interaction.

Lee Gyu-lee | 2022-03-24 09:08

Korean companies on alert over cybersecurity threats

LG Electronics, Samsung Electronics and other Korean companies need to beef up their cybersecurity readiness levels as more hacking attempts have been reported in recent weeks amid increasing geopolitical risks around the world, sparked by Russia's invasion of Ukraine and North Korea's missile launches, cybersecurity experts here said Wednesday. Not only private enterprises, ...

Baek Byung-yeul | 2022-03-23 17:00

Samsung, LG look to robots as future growth engines

Samsung Electronics and LG Electronics are hiring more workers and expanding investments to foster robots as one of their new growth engines as automated devices are being used increasingly in everyday life, according to company officials Tuesday.

Baek Byung-yeul | 2022-03-23 09:09

Industry minister visits France for investment, energy talks

Industry Minister Moon Sung-wook on Tuesday met with CEO of French auto parts maker Valeo Christophe Perillat and held a ceremony to mark the firm's planned investment of $35 million in Korea.

2022-03-22 20:53

Samsung, LG expand chip business with next-generation substrate tech

Samsung Electro-Mechanics and LG Innotek, the two major IT component makers here, are trying to expand their presence in the market with a next-generation semiconductor packaging substrate called flip chip ball grid array (FCBGA), beefing up investment in the sector to compete against Japanese and Taiwanese competitors, company officials said, Tuesday.

Baek Byung-yeul | 2022-03-22 14:45

Krafton founder slammed for plunging share price

Krafton, best known for its online shooting game “PlayerUnknown's Battlegrounds” (PUBG), is facing increasing criticism from its shareholders and employees for its inability to revive its plunged share prices, according to game industry analysts, Monday.

Baek Byung-yeul | 2022-03-21 16:44

LG, Samsung, SK boast longer, safer battery technologies at InterBattery

LG Energy Solution, Samsung SDI, SK On and other Korean battery companies gathered, Thursday, to show off their latest battery technologies for electric vehicles (EVs) and energy storage systems at the InterBattery exhibition.

Baek Byung-yeul | 2022-03-20 16:44

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