Samsung Electronics Vice Chairman Lee Jae-yong is currently in Stuttgart, Germany, to seek partnerships with German carmakers, The Korea Herald confirmed Wednesday, suggesting the tech giant is making aggressive moves to expand its automotive parts business.Stuttgart is home to some of the world’s biggest premium automakers, including Daimler-Benz, Porsche and auto parts maker Bosch. “Vice Chairman is currently on a business trip to Canada and Europe, meeting with talents for new businesses, mai

Around 200 attendees from political, business and academic circles on Tuesday shared views on the significance of economic cooperation with the Association of Southeast Asian Nations at The Korea Herald Biz Forum, applauding the forum’s discussion as “timely” in line with the increasing value of the Southeast Asian market not only for the Korean Peninsula, but also for the world. Kim Hyun-chul, chairman of the Presidential Committee on New Southern Policy, highlighted the forum

South Korea’s biggest network operator SK Telecom announced Monday the company had succeeded in the first call in a test bed using commercial fifth-generation equipment by Samsung Electronics. To reach the goal of commercializing the world’s first 5G services through mobile routers as early as in December, the two Korean mobile operator and equipment manufacturer are speeding up technological preparations for the launch.The first call refers to the final procedure of testing smooth data transfer

Samsung Electronics on Thursday unveiled the world’s first smartphone with four rear cameras, packed with new features to capture moments more effectively. The Galaxy A9 debuted at a launch event held in Kuala Lumpur, Malaysia, highlighting the first rear quad camera built for a world driven by visual communication.  Samsung CEO Koh Dong-jin introduces the Galaxy A9 in Malaysia on Thursday. (Samsung Electronics)“Building on our legacy in smartphone camera development, we’re introducing next-gene

Samsung SDI has embarked on a three-week corporate social responsibility campaign during October, to take place at six SDI locations across the country, the company announced Monday. The battery-making unit of Samsung will roll out a variety of activities to serve communities surrounding its workplaces, including farm work, book donations, mural painting and the provision of ophthalmologic care for local residents. The activities will take place in 19 communities in Cheonan, Ulsan, Gumi, Cheongj

Amid persistent concerns in the industry about potential security risks of deploying Huawei’s fifth-generation network equipment by Korean telecom companies, the Chinese tech giant said Monday it will respond to any requests by the Korean government or customers to prove its security capabilities. “Huawei has been working to meet requirements on security by governments around the world, and the company will obviously fulfill requirements by the Korean government, if it demands any,” the company

LG’s fourth-generation leader Koo Kwang-mo has focused on streamlining the group’s affiliates for the last three months since taking the helm of the fourth-biggest conglomerate in South Korea, boosting expectations of an upcoming organizational reshuffle by year-end, according to the industry on Sunday. Saturday marked the 100th day since Koo’s inauguration as chairman and CEO of LG Corp., the holding company of 70 affiliated businesses, and industry watchers have noted that the 40-year-old chie

CHEONGJU, North Chungcheong Province -- The first wafers were loaded onto lithography equipment in the newest clean room of SK hynix’s M15 fabrication building in Cheongju, North Chungcheong Province, Thursday, to mark the kick-start of the world’s second-biggest NAND flash factory. On 60,000 square meters of land, about the size of eight football stadiums, at the origin of the first metallic movable types 600 years ago, the M15 fabrication facility is expected to produce 100,000 additional wafe

Samsung Display said Wednesday that the company would supply 7-inch organic light-emitting diode displays for Audi’s first commercial electric sport utility vehicle, the e-tron. Samsung’s OLED displays will be used for the virtual side-mirror system in which the 7-inch OLED monitors are mounted on the left and right sides of the dashboard and connected to rear-view cameras. The virtual side-mirror technology provides different angles and views for highway driving, turning street corners and park

LG Electronics opened a new research and development center within the Gasan R&D Campus in southwestern Seoul that is dedicated to air-cleaning technologies and solutions, the company said Wednesday. Called the Air Science Research Center, it will focus on developing solutions for use in all LG air purifiers, air conditioners and dehumidifiers to upgrade their ability to eliminate dust, odors and microorganisms.  Researchers work at LG’s new R&D center for air-cleaning technologies and solutions

With legal restrictions now in place limiting work hours to 52 hours per week, the leisure industry is seeing increased sales as employees spend more time on recreational activities during weekdays after work, an analysis conducted by KT’s Big Data Business Unit showed Tuesday. The mobile carrier, together with BC Card, analyzed signal information exchanged between floating populations’ mobile phones and the operator’s stations in the Gwanghwamun area in central Seoul from Aug. 1 through Sept. 1

LG Electronics will start developing autonomous driving modules for robots with its partner Robotis, expanding applications of robotic technologies and self-driving solutions, the company said Monday. The two firms signed a contract Friday to co-develop autonomous driving modules that will be mainly used for moving robots. LG’s Advanced Robotics Lab under the CTO division plans to develop software using its intelligence navigation technologies, while Robotis will be responsible for building hard

Samsung BioLogics will transfer Samsung Bioepis’ shares to US-based biotech firm Biogen on Oct. 30, completing a call option a month later than initially planned, it said in a regulatory filing on Friday. Due to the announcement, the call option exercise price will rise from about 748.6 billion won ($675.3 million) on Sept. 28 to 757.3 billion won on Oct. 30. A BioLogics official said, “The transfer is being postponed due to administrative procedures for reporting the merging of enterprises betw

South Korean home appliance makers LG and Samsung Electronics both ranked among the top three companies in a US survey on customer satisfaction, an annual report showed Friday. The annual report of the American Customer Satisfaction Index showed that LG came in second place, after Bosch, with a score of 82 out of 100 for the home appliance sector. Samsung soared from seventh place to third this year with a score of 80.  (Yonhap)LG slipped from the top spot, which it had held for three years stra

Word is spreading that Samsung Electronics might be planning to outsource production for some of its mid- and low-end Galaxy-series phones destined for the Chinese market, industry sources said Thursday. According to some news reports, Samsung’s mobile business executives led by Executive Vice President Roh Tae-moon visited China’s Wintech, Xiaomi’s original design manufacturing branch, to discuss the possibility of manufacturing Samsung phones at Wintech’s factory. Samsung’s public relations of

　권영수 ㈜LG 부회장이 추석 연휴기간 동안 폴란드에 소재한 LG화학의 전기차 배터리 공장을 방문해 그룹의 핵심사업을 점검한 것으로 전해진다. 　‘구광모 호(號)’의 2인자로 불리는 권 부회장은 추석 당일인 24일 김종현 LG화학 전지사업본부장 등 임원진과 출국해 독일 브라운슈바이크를 거쳐 폴란드 브로츠와프에 도착, LG화학의 전기차 배터리 공장을 방문할 것으로 알려졌다. 　이번 폴란드 공장 방문은 권 부회장이 ㈜LG COO(최고운영책임자)로 자리를 옮긴 이후 첫 해외 출장이다. 　㈜LG 관계자는 “부회장의 일정에 대해 확인해줄 수 없다”며 “주요 해외사업장을 둘러보며 그룹의 핵심사업을 점검하는 차원일 것”이라고 설명했다. 권영수 부회장 (㈜LG )　LG화학은 2016년 폴란드 남서부 지역 브로츠와프 인근 코비에르지체에 위치한 ‘LG 클러스터’ 내에 약 4천억원을 투자해 연간 고성능 순수 전기차(320km 이상 주행 가능한 전기차 기준) 10만대 이상의 배터리(6GWh)를 공급할 수

Kwon Young-soo, second in command of LG Group, headed for Poland to visit an electric vehicle battery plant operated by LG Chem, according to multiple sources Wednesday.The vice chairman arrived in Wroclaw on Tuesday with LG Chem’s top executives. The group includes LG Chem‘s Energy Solution‘s President Kim Jong-hyun.Kwon’s trip appears to be part of the vice chairman’s recent moves to check out the current statuses of key businesses, they said.LG Chem built the EV battery plant in nearby Kobier

Taking the unprecedented boom in memory chips as an opportunity, the South Korean chip powerhouse SK hynix has been seeking to improve its corporate image as the top global company via various social awareness campaigns and corporate social responsibility projects.The basis for this drive is its improved brand value. The company was picked as the sixth-most valuable South Korean brand in 2018 by the UK-based consulting firm Brand Finance.The chipmaker’s ranking jumped from No. 16 last year to No

The business leaders who accompanied South Korean President Moon Jae-in to North Korea this week returned to Seoul full of emotion, saying the trip had been worthwhile for the chance to see the North with their own eyes, but at the same time maintaining that it was premature to discuss doing business there. “It can be said that we went (to the North) to hear what they had to say. It was significant to have been able to witness North Korea with our own eyes. We tried to take in as much as possibl

(Yonhap)Samsung Electronics is in talks with Japan’s Nipro to sell off its in-vitro diagnostic unit, as part of efforts to streamline its medical equipment business, according to the industry on Thursday. Jeon Dong-soo, president of the medical device division at Samsung, reportedly held a briefing about the sell-off plan for employees recently, the company said.An IVD refers to a medical device that diagnoses diseases by examining patients’ tissue, blood and urine. The IVD unit belongs to Samsu