HLB has opened an office in the Cambridge Innovation Center (CIC) in Boston, Massachusetts, in the United States, to strengthen its collaboration with global pharmaceutical giants and to support its subsidiaries’ expansion into overseas markets.Through the Boston office, HLB plans to strengthen comm
Korea Hydro & Nuclear Power (KHNP) signed a business agreement with Framatome, a French nuclear power plant equipment company to cooperate in production of isotopes for cancer treatment in Paris, France, on April 17 (local time).Under the agreement, the two companies will jointly conduct a technical
On April 18, the KOSPI rebounded by nearly 2 percent, reclaiming the 2,600 level in just one day. The value of the Korean won and government bonds also rose. This was attributed to the somewhat calming effect on the U.S. dollar’s strength thanks to the joint verbal intervention by the finance minist
The 21st Huawei Analyst Summit (HAS) kicked off in Shenzhen. Themed "Thrive with Intelligence", the event brought together more than 500 analysts, think tank researchers, and other guests from around the world to explore what's coming next in the age of intelligence, where the ICT industry is headin
On April 18, Hyundai Motor Group signed a strategic cooperation agreement with Toray Group to develop new materials for mobility at the Hyundai Motor Group headquarters in the Yangjae neighborhood of Seoul.Hyundai Motor Group has partnered with Toray Group to innovate mobility materials. The strateg
bereum co.,ltd, a specialist in postbiotic, led by CEO Hwan Kwon Il, has signed an export and supply contract worth $980,000 for postbiotic pet food with Tecnocalidad of Colombia, under the leadership of CEO Harvey Ibanez Ortiz.Tecnocalidad is a subsidiary responsible for product imports of Agrocamp
The finance ministers of South Korea and Japan jointly announced that they could take appropriate measures to address recent volatility in the foreign exchange markets, signaling a readiness for “verbal intervention.” It appears that South Korea and Japan are joining hands to engage in a “currency w
In the realm of emerging artificial intelligence startups, South Korea lags behind China and India in terms of scale, a recent survey reveals.On April 17, the Singapore-based tech news outlet Tech in Asia released a list of the Top 50 AI Startups in Asia receiving the most investment. China leads wi
HD Hyundai Heavy Industries announced on April 16 that it had signed a contract worth 640.6 billion won to jointly construct four naval vessels with the Peruvian state-owned SIMA Shipyard. Selected as the priority negotiating partner at the end of last month, the contract was formalized within appro
Domestic semiconductor design houses are accelerating their expansion into the global market with plans to diversify their revenue sources by targeting overseas fabless semiconductor design companies.Industry sources revealed on April 16 that Samsung Electronics’ Foundry Business Unit’s Design Solut
Earlier this month, the automotive electronics division of LG Electronics was fully deployed at Hyundai Motor Group's R&D heartland, the Namyang Research Institute in Hwaseong, Gyeonggi Province. This week, the management of LG Innotek is also scheduled to visit Hwaseong.According to industry source
U.S.-based semiconductor company Intel has declared a counteroffensive in the AI semiconductor market led by Nvidia. Intel plans to create an open platform for AI development that rivals Nvidia’s semiconductors and AI development platform, aiming to form a new alliance system. For this purpose, Inte
The trilateral military alliance of the United States, the United Kingdom, and Australia, known as “AUKUS,” is reportedly considering South Korea as a potential cooperation partner for joint development of advanced military technology. This development has raised expectations for “K-Defense,” which
After enduring difficulties in the first quarter, major Korean entertainment companies have been aggressively marketing themselves. They are also changing their consumer bases, shifting from a profit structure that relies on core fans to target light fans, those who consume music lightly.According t
SPC Group’s Paris Baguette will break into Latin America.According to industry sources on April 9, Paris Baguette has begun to enter the Mexican market through its U.S. subsidiary. This means that the Korean bakery giant will penetrate the Latin American market for the first time.Paris Baguette is l
Amid astronomical subsidies being poured into the semiconductor industry by countries like the United States and Japan, the South Korean government has decided to explore domestic investment incentives. There’s speculation that discussions on ‘semiconductor subsidy cash support’ could materialize, g
With the recent expanding trend of Banking as a Service (BaaS), which allows consumers to experience banking services through fintech platforms, Shinhan Bank has partnered with the fintech company E9pay, specializing in small-scale overseas remittances.Shinhan Bank announced on April 17 that it has
Hyundai Engineering announced on April 3 that it has signed a business agreement with Trimble Solutions Korea to collaborate on the development of a building information model (BIM) process management program.BIM is a smart construction technology that can build two-dimensional information from pape
The government plans to invest 500 billion won over the next five years in five additional specialized complexes for materials, parts, and equipment, aiming to develop them into core bases for the supply chain. Space, aerospace, defense, and hydrogen are newly added as strategic technology sectors,
Samsung Electronics has emerged victorious in a lawsuit over memory semiconductor module patents against Netlist, a U.S. semiconductor company. Netlist, headquartered in Irvine, California, was founded by Hong Chun-gi, a former employee of LG Semiconductor.According to foreign media and industry sou