As POSCO Holdings announced its first quarterly earnings under new Chairman Jang In-hwa, control of business development speeds by business division has become a hot topic.The company has set an investment budget of about 10.8 trillion won for this year, but the amount is likely to be reduced. The p
On April 24 (local time), Chey Tae-won, chairman of SK Group, visited Silicon Valley in the U.S. to meet with Jensen Huang, the CEO of Nvidia. The meeting is believed to have focused on cooperation concerning high-bandwidth memory (HBM), a key component in AI semiconductors.On April 25, Chey posted
Hanwha Aerospace has signed an additional executive contract with Polish Armaments Agency for supplying 72 more Chunmoo Multiple Rocket Launcher Systems (MRLS), preceded by the framework contract and first executive contract, both signed in 2022.Worth around 2.27 trillion KRW (1.6 B USD), the contra
Toss Lab, the provider of the enterprise collaboration tool JANDI, announced that it has been honored with the 'Technology Rising Star Partner of the Year' award at the AWS Partner Summit Seoul 2024. This prestigious award is presented to an AWS Independent Software Vendor (ISV) partner that has dem
Hanwha Life Insurance has become the first domestic insurance company to venture into overseas banking.The company announced on April 24 that it will acquire a 40 percent stake in Nobu Bank held by Lippo Group, the sixth largest conglomerate in Indonesia. The process of equity investment will be fin
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
With Canadian Export Promotion, International Trade and Economic Development Minister Mary Ng leading a large-scale trade mission to Korea, high-level business leaders from both countries have come together to call for expanding cooperation in not only traditional industries such as energy but in cu
Deutsche Bank has today announced it has been appointed by Euroclear Bank SA/NV as Cash Settlement and Foreign Exchange Bank (under Euroclear direct link) with the Korea Securities Depository (KSD). The mandate is to support South Korean government bond activity for Korea Treasury Bonds (KTBs) and M
ArkData, a specialist in real-time data replication (CEO: Ko Kwang-yeon), has announced official support for real-time data extraction and replication for the latest version of TmaxTibero's Tibero (Tibero) DBMS, Tibero 7.The product that supports replication for Tibero 7 is ArkData's 'Ark for CDC'.
Lotte C&T announced on April 21 that it held the 2024 Sky Run, a vertical marathon event, at Lotte World Tower in Jamsil, Seoul on April 21. The Sky Run is the largest vertical marathon event in Korea, with runners climbing 2,917 stairs from the first floor to the 123rd floor of Lotte World Tower.Sk
lecom. The goal is to boost AI service competitiveness by leveraging Korea’s world-leading semiconductor and communication technologies. As Microsoft and the Tech Big 4 have much to offer each other in business structures, this AI collaboration is expected to be a win-win for both parties.On April 2
In a landmark move for the security industry, Neubility, a trailblazer in autonomous mobility solutions, and the South Florida Security (SFS) Group, a premier provider of integrated security services, have announced a collaborative Proof of Concept (PoC) initiative. This pioneering project is set to
Osstem Implant, the world’s leading dental implant company in sales, faced measures including the recommendation for dismissal of its CEO following embezzlement amounting to around 220 billion won. The Securities and Futures Commission (SFC) under the Financial Services Commission resolved on such m
Kwak Noh-jung, president of SK hynix, has emphasized the dangers of concentrating semiconductor supply chains in specific regions, highlighting the importance of cooperation between South Korea and the United States. His remarks came after disruptions in semiconductor production due to COVID-19 and
Jo Joo-wan, the CEO of LG Electronics, is set to meet with Microsoft’s CEO Satya Nadella to discuss the artificial intelligence business. Following Meta, LG Electronics is establishing AI collaboration relations with global “Big Tech” firms preparing for future ventures.According to sources in the c
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 collective net worth of Korea’s 50 Richest on the 2024 Forbes list rose slightly to US$115 billion from $106 billion, amid the country’s global chipmaking ambitions. The complete list can be found at www.forbes.com/korea, as well as in the April/May issue of Forbes Asia and the May issue of Forb
Hanwha Systems (CEO: Sung-Chul Eoh) released images of various locations on Earth taken by its small SAR satellite on April 18th, successfully launched on December 4th, 2023.The images taken by Hanwha Systems' small SAR satellite were transmitted from an altitude of 650 kilometers above the Earth. T
After years of double-digit growth, the global electric vehicle market is entering a chasm, considered to be a slowdown in demand just before mass adoption. Global automakers that have been aggressively investing to expand their electric vehicle lineups are scrambling for survival by making use of a
The market capitalization and operating profit of South Korea’s top 100 companies have been surpassed by those of their counterparts in Taiwan. This reversal comes as TSMC outpaced Samsung Electronics in operating profit in 2022, leading to a widening gap between the two representative companies.Acc