Doosan Enerbility announced on April 25 that Romanian President Klaus Iohannis visited the company’s headquarters in Changwon, South Gyeongsang Province on April 24 as Romania is promoting the construction of the world’s first small modular reactor (SMR) power plant at the government level.The visit
On April 25, the Presidential Advisory Council on Science & Technology held a full council meeting at the presidential office in Yongsan, Seoul, to discuss the three major technology initiatives aimed at propelling South Korea to a leading position in the global arena.The government has finalized it
SK hynix announced that it participated in the TSMC 2024 Technology Symposium held in Santa Clara, California, in the U.S. on April 24 (local time), where it showcased its leading high-bandwidth memory (HBM) technology.In addition, SK hynix revealed the current status of its collaboration with Taiwa
Hanwha Solution’s Q CELLS division (Hanwha Q CELLS) announced on April 25 that it will cease solar module production and sales in China through its Chinese subsidiary to focus on the U.S. market.The suspension of operations by Hanwha Q CELLS’ Chinese subsidiary amounts to 531 billion won (US$386.18
Volvo Group Korea, a specialized excavator manufacturer, announced on April 24 that it has completed the construction of Asia’s first group battery pack production facility at its Changwon Plant in South Gyeongsang Province, South Korea.On April 23, Volvo Group Korea held a ceremony at the Changwon
Europe’s views are changing in favor of nuclear power generation. Many European countries agree that nuclear power is necessary for carbon neutrality and energy security. They are also investing in new technologies such as small modular reactors (SMRs). Europe has a growing interest in South Korea,
Huawei launched its game-changing RAN Intelligent Agents. The RAN Intelligent Agents introduce a set of telecom foundation model, RAN digital twins system (RDTS), and intelligent computing power to empower 5.5G with intelligence, according to Eric Zhao, Vice President and Chief Marketing Officer of
HD Hyundai Heavy Industries (HHI) announced on April that it has signed a memorandum of understanding (MOU) with Philly Shipyard in Pennsylvania of the United States to provide new shipbuilding and maintenance, repair and overhaul (MRO) services for US naval and government vessels for the U.S. gover
Doosan Enerbility will carry out a modernization project to improve the performances of old power plants and build environmental facilities in Kazakhstan.Doosan Enerbility announced on April 24 that it has signed a memorandum of understanding (MOU) with the Ministry of Energy of Kazakhstan and KEPCO
OCI Holdings announced on April 23 that it will expand its solar power business in earnest after signing a memorandum of understanding (MOU) for investment cooperation with the Malaysian central government at the KL20 Summit 2024, a global investment attraction event held in Kuala Lumpur, Malaysia,
President Yoon Suk-yeol held a summit with Romanian President Klaus Iohannis at the Yongsan presidential office on April 23 to discuss bilateral cooperation. It is the first bilateral summit in Korea in 16 years since 2008. Yoon visited the Lithuanian capital Vilnius for a North Atlantic Treaty Orga
Samsung Electronics has launched a next-generation NAND flash product with the industry’s highest-stacked semiconductor cells. With the surge in artificial intelligence (AI) demanding vast amounts of image and video data, the value of NAND storage is also rising.On April 23, Samsung Electronics anno
It has emerged that the domestic battery industry, which received trillions of won in tax deductions in the United States last year, might need to pay nearly 200 billion won in additional taxes by 2026 due to the implementation of a global minimum tax. Battery companies are currently investing in th
BMW Group Korea will now carry out all electric vehicle and software development, as well as certifications in Korea.“Korea is BMW’s fifth-largest market globally, and this year we became the No. 1 brand in premium cars, including electric vehicles,” said Jochen Goller, a member of the Board of Mana
Hyundai Motor Group has signed a power purchase agreement for 147 megawatts (MW) of solar power to run an electric vehicle factory under construction in the U.S. state of Georgia with renewable energy.Hyundai Motor Group announced on April 22 that it recently signed a 15-year long-term power purchas
As Samsung Electronics launches its new all-in-one personal computer (PC), Intel, the provider of the central processing unit (CPU), has announced its intention to work with Samsung Electronics to develop the AI PC market together.Bae Tae-won, vice president of the Intel Korea Samsung Business Divis
The author is an analyst for Shinhan Securities. He can be reached at ldh@sinhan.com -- Ed.1Q24 review: OP of engines surpasses construction equipmentHD Hyundai Infracore posted sales of KRW1.16tr (-10% YoY), operating profit of KRW92.8bn (-39% YoY), and operating margin of 8% (-3.8%p YoY) for 1Q24.
The author is an analyst for Shinhan Securities. She can be reached at sunmi.kim@shinhan.com -- Ed.Strong top-line drives earnings surprise & annual forecast revisionHyundai Engineering & Construction posted sales of KRW8.5tr and operating profit of KRW250.9bn for 1Q24, beating consensus estimates b
Korea Hydro & Nuclear Power (KHNP) and Électricité de France (EDF) are vying for a contract to build nuclear power plants in the Czech Republic, which are estimated to be worth at least 30 trillion won. If KHNP wins the order, it will mark the first nuclear power export from South Korea in 15 years
Samsung Electronics and SK hynix are engaging in fierce competition to lead the next-generation semiconductor market in the age of artificial intelligence (AI). Both companies are striving to gain an edge through new product development and mass production timing. With Intel joining the fray, the gl