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Biz & Tech

Wed, April 21, 2021 | 03:56

LG Display expanding China plant on OLED demand surge

LG Display is considering expanding its organic light-emitting diode (OLED OLED manufacturing capacity at its production line in China, according to a company official, Tuesday, as demand for TVs using such displays have surged due to stay-at-home measures to fight the COVID-19 pandemic.

Baek Byung-yeul | 2021-04-20 16:36

Eyes are on how Samsung scions will pay one of world's largest tax bills

As the due date for paying inheritance tax owed by the late Samsung Group Chairman Lee Kun-hee's bereaved family is approaching, observers are looking at how the heirs will pay one of the world's largest inheritance tax bills estimated at around 13 trillion won ($11.7 billion). Industry sources said Tuesday that Samsung Group may officially announce a payment plan for the tax...

Baek Byung-yeul | 2021-04-20 16:18

Chip industry welcomes Korean version of 'CHIPS for America Act'

Industry officials and analysts said Monday that they are welcoming the government's push to enact a new law that will be written to support the local semiconductor industry by providing various benefits including tax cuts.

Baek Byung-yeul | 2021-04-19 17:24

Korean users plan to sue Facebook over leaked user data

A group of Facebook users in South Korea is pushing to sue the tech giant for passing users' information to other companies without their consent, judicial sources said Monday. According to the sources, the local law firm Jihyang and the Jinbo Network Center, a civic group advocating for people's information rights, are gathering plaintiffs willing to participate in a mass le...

2021-04-19 17:15

Hyundai names ex-Naver CTO as mobility biz head

Hyundai Motor Group appointed former Naver Chief Technology Officer Song Chang-hyun as the head of its new mobility division, Friday. The appointment came with the group's setup of a division for its Transportation as a Service (TaaS) business. The new division was created to integrate the group's mobility services and introduce new customer data-based service models, the com...

Kim Bo-eun | 2021-04-19 13:03

SK Telecom launches 5G-based disinfection robot

SK Telecom, South Korea's largest mobile carrier, said Monday it has commercialized the world's first 5G-based disinfection robot in a move to automate anti-infection efforts against COVID-19 in health care facilities. The telecom operator said it partnered with Yongin Severance Hospital to deploy the robot, which uses a real-time location system using a 5G network to roam ar...

2021-04-19 09:48

Amid chip shortage, businesses seek pardon for Samsung chief

A continued mismatch in the global supply and demand of computer chips, vital components of all digital devices, has impacted manufacturing around the world. Making matters worse, the situation is not expected to end any time soon.

Kim Yoo-chul | 2021-04-18 16:15

Chip constraints create domino effect in Korea's auto industry

Founder of Adobe and developer of PDFs dies at age 81

Charles ``Chuck'' Geschke - the co-founder of the major software company Adobe Inc. who helped develop Portable Document Format technology, or PDFs - died at age 81.

2021-04-18 15:38

Korea to invest 42 billion won in illegal drone response tech by 2025

South Korea said Sunday it will spend 42 billion won (US$37.6 million) by 2025 to develop a response system against illegal drones amid growing security threats from the fast-developing technology.

2021-04-18 13:18

LG-GM joint venture to build $2.3 billion battery factory in Tennessee

LG Energy Solution said Saturday it will build a $2.3 billion electric vehicle (EV) battery factory in Tennessee in a joint venture with automaker General Motors.

2021-04-17 10:23

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