South Korea’s largest alcoholic beverage provider Oriental Brewery expressed its support for the Seoul Queer Culture Festival which starts Saturday and sexual minorities, according to the company’s social network accounts on Friday.On its official Twitter account, the company posted an image of a rainbow-colored Cass can with a message that read, “(The company) supports your color, YASS!” with hashtags such as “#queer festival.” It also said the company sends

Two new duty-free shops opened at the arrival terminals for passengers landing at Incheon International Airport at 2 p.m. on Friday.SM Duty Free started operations of two stores on the first floor of Terminal 1, while Entas Duty Free opened a single store on the first floor of Terminal 2, near the baggage claim areas of each terminal, according to Korea Customs Service and the Ministry of Economy and Finance.“The launch of on-arrival duty free shops is a good example of the Moon Jae-in gov

The United States International Trade Commission on Thursday announced its decision to institute an investigation into a complaint filed by South Korea’s LG Chem against its domestic rival SK Innovation over alleged misappropriation of trade secrets involving lithium-ion battery technologies. The decision highlights the rivalry among three Korean battery makers, including Samsung SDI. Competition has grown fiercer in the past couple of years, as the global electric vehicle market is set to

LG Electronics said Thursday it has completed its new plant for washing machines in Tennessee, the United States, and will start producing 1.2 million washers annually for the American market.The South Korean electronics manufacturer held a ceremony to mark the completion in Clarksville, Tennessee, attended by US Rep. Mark Green, State Gov. Bill Lee, Montgomery County Mayor Jim Durrett, Clarksville City Mayor Joe Pitts and other Korean government officials. LG will move forward to December full

LG Electronics’ V50 ThinQ is leading the 5G smartphone market in South Korea with high popularity for the dual screen phone’s powerful multimedia features, the company said Wednesday.An initial volume of 100,000 V50 ThinQ phones were sold out since the device’s launch on May 10, and sales are continuing to rise, it said.Instead of a foldable screen smartphone, LG chose to offer a flip-cover dual display form factor for more powerful multimedia experiences on the high-speed netw

Samsung Electronics seems to be taking more time than expected to fix flaws in the main display of its first foldable smartphone Galaxy Fold, according to industry sources Tuesday. It has been more than one month since the South Korean tech giant officially announced the postponement of the foldable device’s launch in the United States, but it keeps maintaining that a new schedule will be announced in “coming weeks.” Some telecom officials say that the launch is likely to take

SK Innovation, South Korea’s top oil refiner and third player in the electric battery market, announced Monday the company will expand its EV battery production capacity 20-fold by 2025, shrugging off concerns about a legal issue raised by competitor LG Chem. During a press conference on the firm’s growth plan, SK Innovation CEO Kim Jun said the company was planning to ramp up its annual battery output from the current 5 gigawatt-hours to 100 GWh by 2025 with an aim to maintain its o

Samsung Electronics heir apparent and Vice Chairman Lee Jae-yong met former US President George W. Bush, in Seoul on Wednesday. They met at a hotel in central Seoul on the first day of the former American president’s visit to Seoul. Lee reportedly asked for advice given the changing global economic environment and shared his vision for Samsung’s growth with Bush during a 30-minute closed-door meeting.  Bush arrived in Seoul at around 3 p.m. Samsung and the Bush family built clos

Quantum-dot light-emitting diode TVs led growth in the world’s premium TV market in the first quarter of this year, in contrast to organic light-emitting diode TVs, according to market data on Wednesday. Data compiled by IHS Markit showed that a total of 912,000 QLED TVs were sold in the January to March period, increasing 2.5-fold from 367,000 units in the same period last year. Samsung Electronics spearheaded growth in QLED TVs by selling 896,000 units, a threefold increase from a year e

Samsung Electronics Service, an after-sales subsidiary of Samsung Electronics, said Tuesday it will introduce a video consultation service for customers who experience problems. When customers contact, a text message with a link to the video system will be sent. It will connect customers with service engineers, allowing them to show problematic parts of their products directly to the engineers.  (Samsung Electronics)“The service will help customers explain better the problems they face, while sa

After a joint announcement with the South Korean government to make the country the world’s top semiconductor powerhouse last month, Samsung Electronics is gearing up to globalize its efforts to become the No. 1 chipmaker both in the memory and non-memory markets by 2030.  (Samsung Electronics)Starting with the annual Samsung Foundry Forum held Tuesday in California’s Silicon Valley, Samsung is planning to proclaim its blueprint to take the lead in the non-memory market in five countries. The fo

South Korea’s tech giant Samsung is making additional investments in India with the goal of making the 1.3 billion-population market its mobile business hub, according to industry and news reports Thursday. Samsung Electronics battery affiliate Samsung SDI and display panel maker Samsung Display recently invested around 25 billion rupees ($357.83 million) to build additional battery pack and mobile display assembly plants, according to local news outlets. The detailed amount of their respective

What has made Nvidia a strong player in the non-memory chip market today is the firm’s corporate culture to promote “intellectual honesty,” said Cha Jung-hoon, Nvidia Korea head of enterprise sales and marketing.Cha is currently in charge of the American company’s automotive and embedded businesses in South Korea, after serving at several domestic fabless firms.“Nvidia has been doing what it has wanted to do for the past 26 years,” he said during an interview with The Korea Herald. “The company

Samsung Electronics will soon announce a rescheduled plan for the launch of its Galaxy Fold smartphone in the United States after resolving reported issues involving its main display, CEO Koh Dong-jin said Thursday. The South Korean tech giant’s mobile business chief told The Korea Herald, “(The company) has reviewed the defect caused from substances (that entered the device), and we will reach a conclusion in a couple of days (on the launch).”  Samsung CEO Koh Dong-jin presents Galaxy Fold in F

After announcing a 133 trillion won ($114 billion) investment in research and development of non-memory semiconductors last week, Samsung Electronics said Thursday its artificial intelligence research institute in Montreal, Canada, has been expanded to support the company’s drive for system chips.The company said the Samsung Advanced Institute of Technology’s AI Lab in Montreal has been incorporated into the Montreal Institute for Learning Algorithms by recently moving into Mila's building. Foun

The latest set of policy measures to boost the non-memory chip industry focuses on fortifying the relationships between firms in different areas of the industry to help them collaborate on development and production, Korea Semiconductor Industry Association Vice Chairman Nam Ki-man told The Korea Herald.  “Compared to the past policies announced in 2010 and 2015, the latest package has its focus on strengthening the links among the different segments of the system chip industry,” Nam said, refer

Samsung Electronics posted the smallest operating profit of 6.23 trillion won since 2016 for the first three months of 2019 due to weakened memory chip and display businesses, the company announced Tuesday. In a regulatory filing, Samsung reported 52.4 trillion in consolidated sales and 6.23 trillion in operating profit during the January-March period. The Q1 operating profit marked the lowest since the third quarter of 2016 when the tech giant reported 5.2 trillion won operating profit.  “First

To meet the needs of millennials who are more familiar with smartphones than the traditional television screens, Samsung Electronics on Monday showcased its first vertical TV model as part of its lifestyle lineup. Dubbed “The Sero,” meaning vertical in Korean, the TV features a 43-inch quantum-dot light-emitting diode screen that can also be turned around for a normal horizontal screen. While the vertical form is more suitable for consuming mobile contents by mirroring a user’s smartphone for mo

SK Broadband, the No. 1 internet protocol TV service provider, is diversifying its content platform by offering dynamic interactive academic programs for toddlers as well as older children.Aiming to become a lifestyle service provider, the home broadband network company has enhanced its lineup of kids’ content with a TV-based home schooling program titled Play Songs Home.In partnership with music therapists and with local kindergarten operator Play Songs, SK Broadband developed the musical progr

Samsung SDI, one of the nation’s largest battery maker, sought to learn from a local fish-cake maker based in Busan, in an effort to innovate its operation and business strategies.Executives and employees of the battery firm looked at the example of family-run fish-cake maker Samjin Eomuk, which has survived financial difficulties and achieved market success by changing its strategy from business-to-business to business-to-customer.Samjin Eomuk was a small supplier of filleted fish on the brink