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
Hanon Systems, a leading global automotive thermal management supplier for electrified mobility, has been named a GM Supplier of the Year in General Motors’ 32nd annual Supplier of the Year awards in Miami, Florida.A global, cross-functional team at GM recognized 86 of its best suppliers for perform
Hanwha Aerospace rolled out its 10,000th military engine on April 15, achieving a major milestone for its indigenous development and manufacturing of aero engines.A ceremony was held at the Changwon Plant I to commemorate the rollout of the 10,000th aircraft engine, the F404 powering the TA-50 train
LG Electronics is speeding up its efforts to enhance its semiconductor capabilities as it battles with Samsung Electronics for dominance in the AI home appliance market.On April 10, LG Electronics announced plans to expand its home appliance-specific on-device AI chip, DQ-C, to 46 models across 8 pr
Seegene Inc., a leading South Korean company providing a total solution for PCR molecular diagnostics, announced today that Prof. Dame Jenny Harries, Chief Executive of the UK Health Security Agency (UKHSA), visited its headquarters located in Seoul Korea, on March 27.According to the company, Prof.
Artificial Intelligence (AI), deep partner collaboration, and building a strong ecosystem foundation were championed as next-level growth engines to new opportunities in industry digitisation at the recent Huawei Cloud APAC Partner Connection Summit 2024.Huawei Cloud Asia Pacific hosted approximatel
South Korean fashion company ShinWon Corporation (CEO: JJ Park) held an ESG Management Vision Declaration Ceremony to establish a mid-to long-term plan for ESG (environmental, social, and governance) and advance as a sustainable company.Through the declaration ceremony, ShinWon aims to publicly anno
South Korea and Malaysia have agreed to resume negotiations for a Free Trade Agreement (FTA).The Ministry of Trade, Industry, and Energy announced on March 26 that Jung In-gyo, chief trade negotiator of the Ministry, met with Tengku Zafrul Aziz, the Minister of Investment, Trade, and Industry of Mal
SK on, a leading global electric vehicle battery manufacturer, announced today it signed a memorandum of understanding (MoU) with the Italian luxury sports carmaker Ferrari to reinforce partnership and lead innovation in cell technology.SK on Chief Executive Officer Lee Seok-hee, Ferrari Chief Execu
AIA Group Limited has published its Environmental, Social and Governance (ESG) Report 2023, "Sustaining Healthier, Longer, Better Lives." The report highlights the strong progress of AIA's five-pillar ESG Strategy.Among the significant achievements in 2023 AIA published its first Climate Transition
Sam Bird (GBR) beats the heat with the Hankook iON Race to win the ABB FIA Formula E World Championship race in the Brazilian megacity of São Paulo. Despite an ambient temperature of 35 degrees, rising to around 60 degrees on the asphalt at the 2.933-kilometer high-speed circuit around the Anhembi S
Top executives of LG’s major affiliates visited the headquarters of Mercedes-Benz in Germany. A lot of attention is being paid to whether or not the visit will lead to further cooperation between LG and Mercedes-Benz in the automotive electronics business.Top executives of LG’s major affiliates in t
Sebastian Seung, former President in charge of global research & development cooperation at Samsung Research, has left Samsung Electronics.Seung, a world-renowned AI scholar who has been leading the AI strategy formulation at Samsung Electronics, has been listed as resigned in the company’s business
It has been revealed that nine out of the top 10 major corporations have seen unanimous approval from external directors on board resolutions.Corporate data research institute CEO Score announced on March 13 that out of the 181 companies listed among the top 500 domestic companies by revenue, which
Korea and ASEAN member countries are meeting in Jakarta, Indonesia, on March 12 to assess the implementation of the Free Trade Agreement (FTA) and discuss measures for upgrading the agreement.The Ministry of Trade, Industry, and Energy announced that it will host the Korea-ASEAN Free Trade Agreement
A court has issued a non-compete injunction against a former HBM researcher from SK hynix who moved to an executive position at Micron, a competitor in the United States. The decision was made to prevent potential damage from the leakage of SK hynix’s core technologies. SK hynix holds a dominant mar
Crypto.com, trusted by more than 80 million customers worldwide and the industry leader in regulatory compliance, security and privacy, has signed a memorandum of understanding (MoU) with Altava Group, a vertical AI fashion tech company delivering innovative virtual experiences and products for majo
NPCore, a cybersecurity company specializing in network and endpoint security, recently conducted a cybersecurity workshop in Kuala Lumpur, Malaysia, in collaboration with its local partner, TechLab. The event, held on February 29th, was particularly timely, given the recent spate of cyber threats i
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
The former chief technology officer (CTO) of Kakao Bank, who sparked controversy by exercising stock options worth some 7 billion won (US$5.25 million) immediately after Kakao Bank’s listing, has been nominated as the new CTO of Kakao.According to the IT industry on March 4, it has been reported tha