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Sun, November 27, 2022 | 21:36

SK Innovation logs record results in Q2 on upbeat petroleum product sales

SK Innovation logs record results in Q2 on upbeat petroleum product sales

SK Innovation Co. said Friday its second-quarter profit more than quadrupled from a year earlier, boosted by robust sales of petroleum products amid higher oil prices.

2022-07-29 14:33

Meta withdraws plan to deny access to users refusing to accept new privacy policy update

Meta withdraws plan to deny access to users refusing to accept new privacy policy update

Meta, the operator of Facebook, on Thursday withdrew a controversial plan to deny access to users of its famous platform if they do not accept the terms of its privacy policy update, a government official said.

2022-07-28 17:46

Samsung Electronics braces for market uncertainty in second half of year

Samsung Electronics braces for market uncertainty in second half of year

Samsung Electronics is bracing itself for growing macroeconomic uncertainties in the second half of the year as memory chip demand has been weakening for mobile devices and personal computers, according to company officials, Thursday. In order to deal with the negative impacts, it will take swift and flexible measures, closely monitoring rapidly changing market conditions. Al...

Park Jae-hyuk | 2022-07-28 15:09

Korea's 1st lunar orbiter mission to be delayed amid SpaceX rocket maintenance issue

Korea's 1st lunar orbiter mission to be delayed amid SpaceX rocket maintenance issue

The upcoming launch of Korea's first lunar orbiter mission will be postponed by at least two days due to additional maintenance of a SpaceX rocket, the Ministry of Science and ICT said Thursday.

2022-07-28 13:37

Korea to open 1st hydrogen production base in metropolitan area

Korea to open 1st hydrogen production base in metropolitan area

Korea held a ceremony to mark the completion of a new hydrogen production plant in the city of Pyeongtaek, the first such facility in the metropolitan area, the industry ministry said Wednesday.

2022-07-27 15:17

LG Energy Solution to build battery recycling plants with Chinese partner

LG Energy Solution to build battery recycling plants with Chinese partner

LG Energy Solution (LGES) signed a memorandum of understanding with Huayou Cobalt to set up a joint venture for battery recycling in China, the Korean firm said Tuesday. This is the first such venture by Korean and Chinese companies for battery recycling in China. Both companies plan to finish establishing the body by the end of this year, after discussing details of its oper...

Park Jae-hyuk | 2022-07-26 16:24

Philips vows to help Koreans manage health better

Philips vows to help Koreans manage health better

Philips Korea's personal health division announced its business strategies for the post-pandemic era, Tuesday, promising to help Korean consumers overcome a lack of time, money and information in managing their health. “In order to fulfill our role of preventing diseases, we will make efforts to provide personalized services, utilizing our digitized technologies,” Park Hee-je...

Park Jae-hyuk | 2022-07-26 16:05

Space forum to be held in Busan in August

Space forum to be held in Busan in August

A major astronomy conference sharing the latest academic findings from around the world will take place in Busan on Aug. 2. This is the first time that such a large-scale space event is being held in Korea.

Ko Dong-hwan | 2022-07-26 08:47

Meta scrutinized in Korea for 'extorting' personal data from Facebook, Instagram users

Meta scrutinized in Korea for 'extorting' personal data from Facebook, Instagram users

Meta has come under investigation by Korea's privacy watchdog, as the operator of Facebook and Instagram has threatened to deactivate the accounts of users who disagree with its updated privacy policy, which is intended to support personalized ads, according to industry officials, Sunday. The Personal Information Protection Commission said Friday that it takes this issue seri...

Park Jae-hyuk | 2022-07-24 14:26

Samsung SDI to invest $1.3 bil. in cylindrical battery plant in Malaysia

Samsung SDI to invest $1.3 bil. in cylindrical battery plant in Malaysia

Samsung SDI is seeking to increase its cylindrical battery cell production, which electric vehicle (EV) makers are increasingly adopting, as the company said Thursday that it will invest 1.7 trillion won ($1.3 billion) to build an additional battery-manufacturing factory in Malaysia

Baek Byung-yeul | 2022-07-21 16:30

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