ArkData, a specialist in real-time data replication led by CEO Ko Kwang-yun, and KTNexR, a Big Data specialist under the KT Group led by CEO Lee Ho-jae, are entering into a strategic partnership for mutual collaboration. This agreement aims to combine the respective technologies and capabilities of
A cutting-edge CXL IP startup, Panmnesia, announced its participation as the main sponsor at the inaugural CXL Consortium Developer Conference 2024 (CXL DevCon 2024), set to take place in April in Santa Clara, California, USA. Panmnesia will showcase the Compute Express Link (CXL) interoperability o
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
Samsung Electronics is zeroing in on the digital health market with new artificial intelligence (AI) wearables. The Galaxy Watch 7, set for release in the second half of this year, is expected to offer blood glucose monitoring in addition to its earlier capability to detect sleep apnea. When combine
SK telecom announced on April 25 that it has become the first telecommunications company in South Korea to obtain the international standard certification for AI Management System under ISO/IEC 42001. The ISO/IEC 42001 standard was designed to ensure that companies and organizations can build and op
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
Naver’s management control over Line, which it has developed into a global messaging service over the past 13 years, could be handed over to Japan due to pressure from the Japanese government. If control is transferred, Naver could lose a market of 200 million users in Japan, Taiwan, and Thailand, p
LG Energy Solution recorded an operating loss in the first quarter of this year when excluding the advanced manufacturing production credit (AMPC) from the U.S. Inflation Reduction Act (IRA).The company announced on April 25 that its first-quarter provisional sales amounted to 6.13 trillion won (US$
After receiving a lackluster performance report for the first quarter of this year, POSCO Holdings has signaled changes in its core businesses such as steel and secondary battery materials.POSCO Holdings announced on April 25 that its consolidated operating profit for the first quarter of this year
Lotte Group has sold “Lotte World Adventure Shenyang” in China. It marks over seven years since construction was halted at the end of 2016 due to China’s retaliation over the deployment of the Terminal High Altitude Area Defense (THAAD) system. Lotte World Shenyang was envisioned as a large-scale pr
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
The K-UAM One Team consortium, consisting of Korean Air, Hyundai Motor, and KT, has successfully validated the world’s first integrated operational system using 5G aviation networks for Urban Air Mobility (UAM).On April 24, Korean Air announced that it, along with Hyundai Motor, KT, Incheon Internat
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
It has been revealed that global SPA brand H&M is struggling to overcome challenges in the domestic market.According to the Financial Supervisory Service’s electronic disclosure system on April 24, the operating profit of Hennes & Mauritz AB, the operator of H&M, for the fiscal year 2023 from Decemb
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
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
China’s Alibaba Group, the parent company of AliExpress, which has been embroiled in controversy for selling knockoffs and distributing low-quality, unauthorized goods in Korea, is reportedly considering making a 100 billion won equity investment in Korean women’s fashion application Ably, causing a
Hyundai Mobis, a global leading company in the electric vehicle supplier, announced the construction of a new plant in Spain, the heart of Europe's automotive market. Mobis currently operates battery system production facilities in Korea, China, and the Czech Republic and is building several more in
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