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Reporter : Baek Byung-yeul
Mon, July 4, 2022 | 11:25
Pandemic-led device boom ends for Samsung, LG
Samsung Electronics and LG Electronics are set to announce falling sales of home appliances and TVs in the second quarter as people have been spending more time outside rather than staying home, according to industry officials and analysts, Sunday. Sluggish demand for home appliances and TVs led by several negative factors such as Russia's invasion of Ukraine, China's lockdow...
LG Energy Solution accelerates establishment of smart factory system
Kwon Young-soo, vice chairman and CEO of LG Energy Solution, left for Europe to check the progress of establishing a smart factory system in its battery-manufacturing plant in Poland and to discuss ways to expand technological cooperation with clients there, the battery company said Sunday.
Korea's bio industry at turning point after pandemic
SK Bioscience, Samsung Biologics and other Korean biotech companies are soaring to new heights as they succeed in locally developing vaccines, winning orders to manufacture the drugs and developing treatments for COVID-19, according industry officials, Thursday. “It is obvious that the pandemic raised the importance of securing proprietary vaccine development and manufacturin...
[INTERVIEW] Torres SUV should be huge hit in Chile: Ssangyong officials
With SsangYong Motor's new SUV, the Torres, set to make its debut in Korea in July, officials from the SUV maker's Chilean distributor said Wednesday that they are confident the SUV would be a huge hit in the South American country thanks to its bold exterior and high-tech interior. “When you see a car in person, some cars are different from what you saw in the pictures, and ...
Siemens Korea opens digital twin experience center in Seoul
German tech company Siemens opened a digital twin experience center in a bid to promote its technology. The center will enable companies to simulate design and production processes in a virtual space, its Korean business unit said, Wednesday.
LG Innotek develops top-class in-cabin radar
LG Innotek developed an in-cabin radar module that can detect passengers inside a car as part of its efforts to capitalize on the fast-growing automotive sensing business, the company said, Tuesday. The in-cabin radar module is a component that detects a passenger's presence or movement using radio waves. It is made by combining radar chips, antennas and communication chips o...
Salesforce to launch cloud-based Hyperforce service in Korea
Salesforce, a U.S.-based customer relationship management (CRM) software company, aims to strengthen its leadership in Korea's digital transformation market with the release of its Hyperforce service, a software package that can run on public cloud computing services such as Amazon Web Services (AWS) and Azure, the head of its Korean unit said Tuesday.
Kepco raises electricity bills on oil, gas prices hike
Korea Electric Power Corp. (Kepco) will increase electricity rates for the July-September period, as the company has been approved to raise the fees by a maximum 5 won ($0.0039) per kilowatt-hour (kWh) due to the surge of global oil and liquefied natural gas (LNG) prices, the state-run company said Monday.
SK Bioscience COVID-19 vaccine closer to final approval
SK Bioscience has moved one step closer toward rolling out Korea's first COVID-19 vaccine, as the government advisory panel of pharmaceutical experts determined that a license for the use of the vaccine can be granted, according to the Ministry of Food and Drug Safety (MFDS), Monday. “The COVID-19 vaccine developed by SK Bioscience is the first COVID-19 vaccine produced in Ko...
Korea actively seeks nuclear power sales in Czech Republic, Poland
Korea has gone all-out to revive its nuclear power generation industry under the Yoon Suk-yeol administration as Lee Chang-yang, minister of Trade, Industry and Energy, will visit the Czech Republic and Poland from June 28 to July 1 in order to win new power plant contracts, the ministry said Sunday. The two European countries are undergoing a process to build new nuclear pow...
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