SK Group has decided to create an international standard that measures the "social value" created by companies in three years with global conglomerates.According to SK on Aug. 15, Value Balancing Alliance (VBA), a non-profit corporation that jointly studies social value measurement systems, will hol

Huawei has postponed release of foldable Smartphones until November. Industries are paying keen attention to the reason behind another delay in the launch in September.Huawei recently postponed the launch of its foldable smartphone "Mate X" from September to November, according to U.S. IT media call

Some 30,000 units of Hyundai Motor's All New Mighty (QT), which is at risk of fire due to malfunction of the wind control switch, will be recalled.The Ministry of Land, Infrastructure and Transport (MOLIT) said on Aug. 15 that it will recall 38,117 cars manufactured and imported from Hyundai Mot

Shinhan Bank said on Aug. 15 that Shinhan Bank Vietnam opened a total of four branches simultaneously in Vietnam, including "Danang Branch" in Danang, "My Dinh Branch" in Hanoi, "Trang Due Branch" in Hai Phong, and "Binh Duong New City Branch" in Binh Duong Province.Shinhan Bank Vietnam opened six b

South Korea's Jeju provincial government announced on August 14 that it had held a meeting on research for the 'Construction of Global Blockchain Hub City'. The research project will be conducted until December to find a blockchain service model suitable for Jeju Island.The project aims

According to the Vietnamese press and the Asia Maritime Transparency Initiative, from July 3, 2019 to August 7, 2019, China sent a survey ship, Haiyang Dizhi 8, to conduct a seismic survey in the Vanguard Bank area with the escort of Coast Guard ships, the Haijing 3901 and Haijing 37111, as well as

SK Innovation said on Aug. 15 that it has started borrowing funds from countries such as the U.S., Europe, and China to secure overseas production bases for its battery and separation membrane businesses that are being fostered as new growth engines.The amount of borrowing is worth 800 billion won,

Sales of Japanese cars plunged in South Korea last month due to the boycott of Japanese products.According to the Ministry of Trade, Industry and Energy on Aug. 15, domestic sales of cars fell by 2.4 percent year-on-year to 151,091 units in the first seven months of this year. Domestic-made cars fel

Samsung Electronics has installed a super-large smart LED signage that covers a total area of 167 square meters (77.3 meters by 2.16 meters) at Banta International Airport in Helsinki, Finland.More than 20 million travelers visiting the Banta International Airport annually can enjoy beautiful natura

Samsung Display said on Aug. 15 that Galaxy Note 10 has obtained 'Excellent A+', which is the highest rating in image quality evaluation conducted by DisplayMate of the U.S.According to the results of Galaxy Note 10, which was released by DisplayMate, it has proved that Galaxy Note 10 is equ

BELLEVUE, Wash., Aug. 15, 2019 (GLOBE NEWSWIRE/Korea IT Times) -- 5G Americas, the industry trade association and voice of 5G and LTE for the Americas, today announced the publication of Advanced Antenna Systems for 5G, a white paper that explores current trends in technology and spectrum enhancemen

BRIDGEWATER, N.J., Aug. 15, 2019 (GLOBE NEWSWIRE/Korea IT Times) -- Synchronoss Technologies Inc. (NASDAQ: SNCR), a global leader and innovator in cloud, messaging, digital and IoT platforms and products, today announced that it has repaid in full its 0.75% Convertible Senior Notes due in 2019 at th

LG Electronics (LG) and LUMI United Technology, an Internet of Things (IoT) and smart home solution provider, have signed a memorandum of understanding on Aug. 14 to develop an ecosystem that goes beyond basic appliance management to deliver a more complete IoT solution for the home. The partnership

LG Electronics said on Aug. 13 that it has released an all-in-one Energy Storage System (ESS) for 100kW solar power generation.This product is an integral part that integrates several components of ESS into one. It is easy to install as it is a package system comprising Power Conditioning System(PCS

Daewoong Pharmaceutical said on Aug. 13 that it received orphan drug designation (ODD) for its First-in-Class PRS(Prolyl-tRNA Synthetase) DWN12088, a drug to treat patients with idiopathic pulmonary fibrosis (IPF) from the U.S. Food and Drug Administration (FDA) on Aug. 8.The FDA's designation o

Starbucks Korea, the No. 1 coffee shop in Korea, will join the boycott of Japanese products amid a growing campaign to oust Japanese products due to the recent controversial comments on trade row by DHC, following the withdrawal of Japanese beer from convenience stores. Starbucks Korea said on Aug.

LG Electronics today (LG) introduced a new 27-inch UltraFineTM 5K Display (model 27MD5KL) which, along with the company’s 24-inch UltraFine 4K Display (model 24MD4KL), gives consumers two high-quality monitors that are designed specifically for the latest Apple products.LG’s UltraFine displays deliv

Samsung Electronics and LG Electronics were listed side by side on the top 10 companies that registered the most patents in the U.S. last year.Samsung Electronics retained its No. 2 position for the 12th consecutive year, while LG Electronics also ranked in the top 10 for the third consecutive year.

The half-year net profit of Phnom Penh Commercial Bank(PPCBank), the grandson of JB Financial Group (Chairman Kim Ki-hong), surpassed 10 billion won (USD 8.2 million dollars) for the first time.The company achieved the highest net profit among Korean financial firms operating in Cambodia, which is e

The South Korean government on Aug. 12 excluded Japan from its white list for export procedures. Minister of Trade, Industry and Energy Sung Yun-mo said in a briefing that "Ga" regions, which are white countries, will be classified as 'Ga 1' and 'Ga 2' based on the current strategic