The Ministry of Trade, Industry and Energy announced this year it will invest a total of 1.141 trillion won in research and development (R&D) for materials and components technology, focusing on creating a significant lead in advanced industries, stabilizing supply chains, and achieving carbon neutr
SK On, a leading electric vehicle (EV) battery manufacturer, announced today it has signed a battery cell supply agreement with the Swedish EV maker Polestar, securing another long-term growth engine in the global battery market.Under the agreement, SK On will supply battery cells to Polestar for it
Worries have surfaced that South Korea’s steel industry, which relies heavily on blast furnaces, could face significant challenges amid speculation that the United States and the European Union (EU) are discreetly working on standards for an “Eco-friendly Steel Club” that may be advantageous to thei
The author is an analyst for NH Investment & Securities. He can be reached at esshim@nhqv.com -- Ed.Started as a textile product manufacturer, DI Dongil has been striving steadily to diversify its business areas. In line, the values of its subsidiaries and assets are projected to be highlighted once
The New Zealand Wine Festivals, which aim to provide an enjoyable experience for all guests, are back this year. These sought after events in Seoul and Busan aim to leverage the rapid growth and popularity of a wide range of New Zealand’s top wines from the country’s globally celebrated wine regions
A series of fires broke out from electric vehicles loaded with batteries from China's No. 1 battery maker CATL, raising safety concerns.The fires broke out from the Aion S of GAC, a Chinese carmaker, on Aug. 12 and 23, foreign media outlets said on Aug. 26. The same model caught fire on May 18.S
A team of Korean researchers has developed a deep blue-emitting phosphorescent OLED which is four times more efficient than OLEDs that use fluorescent materials.The Korea Research Foundation announced on June 14 that a research team led by Jin Sung-ho, a professor at Busan National University, has d
Three spin-off companies from Samsung Electronics' in-house startup incubation program C-Lab have received the Innovation Awards at CES 2019 underway in Las Vegas, further enhancing the profile of the Korean tech giant's startup program.Samsung Electronics announced on Jan. 10 that C-Lab spi
Innovative startups supported by Samsung Electronics are demonstrating their capabilities in the global stage. Samsung Electronics launched the C-Lab, an in-house venture nurturing program, in 2012 to discover creative ideas and support their commercialization. In October this year, Samsung expanded
lululab, a member company of the K-ICT Born2Global Centre, wins the CES Innovation Awards in the biotech sector ahead of CES 2019, the world's largest consumer electronics show, to be held in Las Vegas next January.lululab is a spinoff company of C-Lab, Samsung Electronics' in-house venture
lululab, a member company of the K-ICT Born2Global Centre, was selected as one of the "Winners of Cosmoprof Awards Asia" at COSMOPROF ASIA 2018, which was held in Hong Kong from Nov. 14-16.The world's largest annual beauty fair, Cosmoprof has been held in Bologna (Italy), Las Vegas (United State
“Innovative New Zealand -- A Country-Sized Incubator” was this year’s theme for the Kiwi Chamber’s year-end networking function held at the Grand Hyatt Hotel Seoul on Nov. 28. The annual event demonstrated Korea and New Zealand’s strong bilateral relationship – an inspiring story of two small countr
A Seoul court jailed Lotte Group Chairman Shin Dong-bin for bribery. Ushering into the New Year, Lotte Group declared the first year of “New Lotte Vision Implementation.” However, the group got stuck with the Choi Soon-sil Gate that toppled South Korea’s former president. The future of Lotte Group w
It is expected that the Lotte Group’s adoption of a holding company structure will be accelerated as former Lotte Holdings Japan vice chairman Shin Dong-joo disposed of his shares in Lotte Shopping.According to industry sources, the former vice chairman disposed of his 1,730,883 Lotte Shopping share
Lotte Group affiliates are dubbed as big issuers in the corporate bond market. Out of them, five affiliates including Hotel Lotte are assigned with a credit rating of AA+ representing very high quality. The number of blue-chip affiliates with credit ratings of more than AA- reaches eleven. Lotte aff
The amount of cross shareholding loops of Korean conglomerates decreased more than half within the last year.Big corporations, feeling pressured to not create a negative public image when cross shareholding structures are revealed under the new circular equity investment prohibition bill effective f