On March 11, Doosan Robotics held an opening ceremony for the “Electric Vehicle (EV) Automatic Charging Solution Pilot Station” at the LG Science Park in Gangseo District, Seoul, in partnership with LG Electronics, and commenced pilot operations, the company announced on March 16.The newly developed
In the midst of U.S. President Joe Biden emphasizing Texas as a pivotal player in the advanced semiconductor ecosystem due to Samsung Electronics’ significant investment, a competitive landscape with Arizona, which is attracting TSMC plants, is anticipated. The battle between Texas and Arizona could
Domestic semiconductor design houses are accelerating their expansion into the global market with plans to diversify their revenue sources by targeting overseas fabless semiconductor design companies.Industry sources revealed on April 16 that Samsung Electronics’ Foundry Business Unit’s Design Solut
Samsung Electronics announced on April 15 that it is investing US$40 billion in its semiconductor factory in Taylor, Texas, which is more than double its initial plan of US$17 billion. The U.S. government has offered a higher subsidy ratio (16% or US$6.4 billion) compared to Intel and TSMC, and the
The Korea Research Institute of Ships and Ocean Engineering (KRISO) announced on April 16 that it has launched a new research program aimed at developing core technologies for small modular reactor (SMR)-powered ships and floating SMR power generation platforms from this year through 2028.SMRs, a ze
Starting this year, the Restricted Stock Unit (RSU) agreements agreed upon by the heads of conglomerates and their family members will be subject to mandatory disclosure. Consequently, companies affiliated with major corporate groups are obligated to disclose the status of RSUs, not only for listed
On April 16, SK networks announced through the electronic disclosure system that it has selected Affinity Equity Partners, a Hong Kong-based private equity fund (PEF) manager, as the preferred bidder for the sale of its subsidiary, SK rent-a-car, which is the second-largest car leasing company in So
Finance ministers of Korea, the United States, and Japan will meet for the first time ever in Washington, D.C., the United States on April 17.The Ministry of Strategy and Finance announced on April 16 that Deputy Prime Minister and Minister of Finance Choi Sang-mok will leave for the United States t
HD Hyundai Group’s shipbuilders have achieved 73 percent of this year’s order target in the first 100 days of this year. In particular, they are enjoying a boom in eco-friendly ships for the first time in 15 years, as they have been selecting only high-value-added vessels to fill its docks.According
Samsung Electronics Chairman Lee Jae-yong (left) and BMW CEO Oliver Zipse (right) talk about BMW’s latest electric car, the New i7, at the BMW Driving Center in Yeongjongdo, Incheon, Korea, in December 2022.Germany’s BMW Group said on April 15 that it bought about 6.535 trillion won worth of auto pa
The government plans to expand maritime transport capacity to 140 million tons by 2030. Additionally, it has decided to increase the national shipping fleet to 2 million TEUs.The Ministry of Oceans and Fisheries unveiled the “Plan for Stabilizing Management and Improving Vitality of the Maritime Ind
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
Anticipations are growing for the Korean shipbuilding industry’s entry into the U.S. warship maintenance, repair and overhaul (MRO) business as the U.S. Secretary of the Navy, who is in charge of the U.S. Navy’s weapons procurement and budget, has praised the capabilities of the Korean shipbuilding
HD Hyundai will develop an unmanned surface vessel (USV) with Palantir Technologies, a U.S. artificial intelligence-based data analysis company.USVs are autonomous surface vessels not piloted by humans. They are being recognized as a game changer for future naval warfare. It replaces existing manned
Partnerships to develop purpose-built vehicles (PBVs) to build an eco-friendly logistics system are growing between the automotive industry and logistics companies. This is due to rapidly increasing demand for electric trucks instead of diesel trucks in line with a global carbon neutrality initiativ
SK on, the battery business subsidiary of SK Innovation, is partnering with Siemens Digital Industries Software (DISW) to embark on the establishment of smart factory systems.SK on announced on April 14 that it had signed a memorandum of understanding (MOU) with Siemens DISW at the SK Seorin Buildin
Despite major property and casualty insurance companies lowering automobile insurance premiums for two consecutive years in April 2022 with a reduction ranging from 1.2 percent to 1.4 percent, and in February last year with a reduction ranging from 2.0 percent to 2.5 percent, they have recorded prof
On the night of April 13 (local time), Iran launched retaliatory attacks against Israel, employing drones, cruise missiles, and ballistic missiles. This action is expected to lead to an escalation in international oil prices. In addition, the exchange rate of the Korean won against the U.S. dollar r
Earlier this month, the automotive electronics division of LG Electronics was fully deployed at Hyundai Motor Group's R&D heartland, the Namyang Research Institute in Hwaseong, Gyeonggi Province. This week, the management of LG Innotek is also scheduled to visit Hwaseong.According to industry source
On April 12, Kakao announced its membership in the AI Alliance, a global community aimed at supporting open innovation and open science in the field of artificial intelligence (AI). The AI Alliance, launched in December last year, includes leading organizations from various sectors such as IBM, Meta