-
Low orbit satellite internet service set to launch in S. Korea next month
A low orbit satellite internet service is expected to be launched in South Korea next month, with global providers Eutelsat OneWeb and SpaceX preparing to introduce the next-generation internet access from space, industry sources said Tuesday. Eutelsat OneWeb, a subsidiary of the French business group Eutelsat, has already completed the communication equipment conformity assessment for satellite internet service and has started establishing network connections with local access points, according
Aug. 19, 2025 -
US may buy Intel stake, raising alarm for Samsung, TSMC
With reports emerging that Washington is weighing a stake purchase in Intel to shore up the struggling chipmaker, concerns are mounting that the move could pose challenges for rivals such as Samsung Electronics and TSMC. Analysts warn that the government support is an apparent push to steer US big tech firms toward Intel, a shift that could erode the market presence of overseas competitors. Industry sources said Monday that the US government is reviewing plans to acquire a stake in Intel followi
Aug. 18, 2025 -
SK hynix racks up 70% of sales in US on AI chip boom
Chip giant SK hynix has reported that its US revenue accounted for nearly 70 percent of its total sales in the first half of the year, boosted by surging demand for AI-critical high-bandwidth memory chips, helping the chipmaker cut debt and increase investments. The company reported revenues in the US of 27.83 trillion won ($20.02 billion) from January to June, representing 69.8 percent of its total sales of 39.87 trillion won, according to a regulatory filing on Sunday. The figure includes sale
Aug. 17, 2025 -
LG advances climate goals in new sustainability report
LG Group on Sunday released its annual sustainability report focusing on environmental, social and governance initiatives across its subsidiaries, detailing progress in governance reforms and climate initiatives. The 2024 report, titled “Responsible Business, Sustainable Future,” covers compliance and governance efforts at the conglomerate’s subsidiaries, including LG CNS and D&O, as well as major affiliates such as LG Electronics, LG Chem and LG Uplus. LG said its key affiliates run compliance
Aug. 17, 2025 -
Trump says US could unveil semiconductor tariffs next week
WASHINGTON -- US President Donald Trump said Friday his administration will unveil tariffs on semiconductor imports as early as next week, as South Korean tech firms Samsung Electronics Co. and SK hynix Inc. have been carefully watching his tariff policy developments. Trump made the remarks in a meeting with reporters aboard Air Force One, as he was en route to Alaska for talks with Russian President Vladimir Putin -- the high-stakes meeting where Trump is seeking to broker a halt to the war in
Aug. 16, 2025 -
Samsung chief back in Seoul after US visit to 'prepare next year's business'
Samsung Electronics Chair Lee Jae-yong returned to South Korea early Friday after a 17-day business trip to the US. Lee arrived at Incheon Airport shortly after midnight, telling reporters briefly that he was returning after “preparing for next year’s business” before leaving the airport, without elaborating further. His trip began on July 29, when Lee departed to Washington to support South Korea’s diplomatic efforts to secure a tariff deal with the US. Industry watchers say his two-week trip l
Aug. 15, 2025 -
Samsung occupies 82% of smartphone market in Korea: data
Samsung Electronics has captured over 80 percent of the domestic smartphone market for the first time in its history, buoyed by strong sales of its latest flagship models, industry data showed Friday. According to market tracker Counterpoint Research, Samsung’s cumulative market share from January to July reached 82 percent, up 4 percentage points from a year prior. While overall smartphone sales in Korea edged down slightly, Samsung’s shipments increased during the cited period. The sales boost
Aug. 15, 2025 -
Korean tycoons to join Lee for Trump summit
South Korea’s top conglomerate leaders will join President Lee Jae Myung on a US visit next week for his summit with US President Donald Trump, aiming to promote major investments in strategic sectors including semiconductors, batteries, automobiles and shipbuilding, according to industry sources Thursday. The Aug. 24-26 trip will feature four chaebol heads — Samsung Electronics Chairman Lee Jae-yong, SK Group Chairman Chey Tae-won, Hyundai Motor Group Executive Chair Chung Euisun and LG Group C
Aug. 14, 2025 -
Korea to invest W700b in advanced air vehicles through 2031
Korea has decided to commit 700 billion won ($506 million) to securing domestically developed advanced air vehicles, or AAV, from 2027 to 2031, the Korea AeroSpace Administration said Thursday, aiming to commercialize the aircraft for both civilian and military use. Under the five-year AAV development plan, KASA expects to conduct pilot flights in 2030, followed by demonstrations for maritime transport and public safety missions in 2031. Certification processes for military and private sector us
Aug. 14, 2025 -
Delete with less regret: KakaoTalk adds full-day window
South Korean IT giant Kakao has extended the time limit for deleting messages on its popular messaging app KakaoTalk from five minutes to 24 hours, the company said Wednesday. In group or multi-user chats, the identity of the person who deleted the message will no longer be visible. “We have significantly improved the message deletion feature to ease the pressure of conversations and foster smoother communication,” a Kakao spokesperson said. First introduced in 2018 to help users correct sending
Aug. 13, 2025 -
Samsung launches 'KPop Demon Hunters' theme on Galaxy smartphone
Samsung Electronics Co. said Wednesday it has launched a theme package for Galaxy smartphones, allowing users to customize their devices with characters from Netflix's global hit animated film "KPop Demon Hunters." Galaxy smartphone users can download the theme for free from the Galaxy Store for a limited time and customize their phone screens and icons with popular characters from the animation, including Rumi, Zoey and Jinu, according to Samsung Electronics. "The set features one special theme
Aug. 13, 2025 -
Govt. to unveil plans to advance R&D ecosystem next month
South Korea will unveil a strategy to foster a researcher-friendly ecosystem for research and development activities in advanced technologies next month, the science ministry said Wednesday. Science Minister Bae Kyung-hoon met with researchers at Seoul National University on the day to discuss ways to improve the country's R&D ecosystem ahead of the announcement of the blueprint, according to the Ministry of Science and ICT. "It is important to create an R&D ecosystem with ceaseless innovation,
Aug. 13, 2025 -
US tariffs could hit Samsung phones, exempt China-made iPhones
Samsung Electronics could face higher US tariffs on its smartphones and other finished electronics as early as this week, even as Apple's iPhones made primarily in China may be granted exemptions, industry sources said Tuesday. This would highlight a notable divergence in how major smartphone makers are treated under Washington’s trade measures aimed at protecting US manufacturing and reducing reliance on Chinese supply chains. Industry officials said the US President Donald Trump's administrati
Aug. 12, 2025 -
Samsung debuts world's first Micro RGB TV
Aug. 12, 2025 -
KT hits record earnings in Q2 on mobile growth, property gains
KT on Monday reported its highest-ever quarterly operating profit in the second quarter, exceeding 1 trillion won ($720 million) for the first time, driven largely by new subscriber growth and gains from a major property development project. The country’s No. 2 mobile carrier said its operating profit jumped 105.4 percent from a year earlier to 1.01 trillion won in the April-June period. Revenue climbed 13.5 percent to 7.43 trillion won. Net profit surged 78.6 percent to 733.3 billion won in the
Aug. 11, 2025