The Korean government will launch the Top 10 Promising Markets Trade Mission, which will lead strategic market exploration to help the country achieve US$700 billion, the largest ever, in exports this year,.The Ministry of Trade, Industry and Energy (MOTIE) announced on Mar. 5 that it will send the
Hanwha Aerospace and Hanwha Systems announced on Feb. 13 that they signed a trilateral memorandum of understanding (MOU) for cooperation in the defense industry with the Saudi Ministry of National Defense during the World Defense Show 2024, a comprehensive defense exhibition in the Middle East held
The Ministry of Trade, Industry and Energy (MOTIE) has set a target of US$700 billion for South Korea’s exports next year, with a plan to attract US$35 billion in foreign direct investment in Korea and US$150 trillion in private investment.MOTIE Minister Ahn Duk-geun said in a briefing at the Sejong
The government has recently come up with a new plan for the promotion of the robot industry, aiming to invest over 3 trillion won (US$2.24 billion) in the public and private sectors by 2030 to deploy one million robots across various industrial and societal sectors.The Ministry of Trade, Industry, a
Vice President Kim Dong-sun of Hanwha Robotics has been visiting global sites in the new year to explore strategies for overcoming the economic crisis and for future industries. Particularly, he has exchanged diverse opinions with global CEOs about synergies between traditional industries and advanc
On Jan. 10 (local time), Park Jeong-won, the chairman of Doosan Group, visited the CES 2024 event at the Las Vegas Convention Center in the United States. Accompanying him were several top executives, including Park Ji-won, vice chairman of the Group; Scott Park, vice chairman of Doosan Bobcat; Jeon
Samsung Electronics Chairman Lee Jae-yong highlighted the critical role of 6G technology for the company’s future during his visit to Samsung Research, the company’s global research and development (R&D) hub located in the Umyeon neighborhood of Seocho district in Seoul on Jan. 10. There, he reviewe
Doolim-Yaskawa, a leader in the robot-based automation industry, is supplying a painting automation solution to Hyundai Motor Group's US car factory. Last month, they completed the Off-Line Test (OLT) of their robot system in their own factory and announced that they are currently working on a proje
Doosan Group announced on Jan. 9 (local time) that it held a press conference ahead of the opening of CES 2024 in Las Vegas in the U.S. on Jan. 8 (local time).The event was held at the Mandalay Bay Convention Center in Las Vegas with the attendance of more than 200 media employees from around the wo
Hyundai Motor Company today presented its vision for a hydrogen-powered, software-driven transformation beyond mobility applications at CES 2024. Under the theme ‘Ease every way,’ the company held its Media Day at the Mandalay Bay Convention Center in Las Vegas to highlight its future blueprint for
LS Cable Asia marks the first trading day of the new year under its revised name, LS Eco Energy. Listed on the Korea Exchange’s KOSPI market since Sept. 22, 2016, LS Eco Energy is strategizing to boost corporate value by venturing into new businesses like undersea cables and rare earth elements.Acco
The government will build 10,000 “smart plus” buildings specializing in robots, drones, autonomous vehicles and urban air mobility (UAM) by 2035.The Ministry of Land, Infrastructure, and Transport (MOLIT) announced a road map for the promotion of smart plus buildings as an innovation policy in the s
Samsung Electronics has introduced two new products in its ISOCELL Vision image sensor lineup on Dec. 19, designed to act as the eyes for advanced content platforms like mobile, robotics, and Extended Reality (XR).The newly unveiled ISOCELL Vision 63D image sensor chip is an indirect Time-of-Flight
Park Jung-won, chairman of Doosan Group, will attend the world’s largest consumer electronics and IT trade show, CES 2024, to be held in Las Vegas, Nevada, in the U.S., from Jan. 9 to 12.According to Doosan Group on Dec. 17, Chairman Park, along with Vice Chairman Park Ji-won and other executives, w
Doosan Robotics announced on Dec. 14 that it signed a memorandum of understanding (MOU) on Dec. 13 (local time) with Schiphol International Airport in the Netherlands and the Danish company Cobot Lift for the supply of the Schiphol International Airport Collaborative Robot Luggage Handling System.Do
The government has set a goal to expand the K-Robot market to a scale of 20 trillion won by 2030 as the future growth engine. A combined investment of over 3 trillion won from both public and private sectors is planned with the objective of deploying one million robots across various industries, inc
The government will scale up the global share of Korean electric vehicle (EV) chargers to 10 percent from the current one percent by 2030. It will also provide support to foster competitive charger manufacturers.The Ministry of Trade, Industry and Energy (MOTIE) of Korea announced its policy directi
The Korean government has decided to lower Korea’s import dependence on 185 key items for semiconductors, secondary batteries, automobiles and shipbuilding to 50% by 2030. As of last year, Korea’s import dependence averaged 70%, with some items exceeding 90%.The Ministry of Trade, Industry and Energ
LIG Nex1 is actively expanding its presence in the defense markets of Africa, Europe, and North America, following its success in the Middle East.According to defense industry sources on Dec. 13, LIG Nex1 made its inaugural participation at the “Egypt Defense Expo (EDEX) 2023,” the largest event of
The author is an analyist for NH Investment & Securities. He can be reached at jack.baek@nhqv.com -- Ed.MaumAI is a provider of AI platform services to companies looking to implement AI. Moving ahead, we anticipate a rise in RAG chatbot orders, strengthening earnings at the new WoRV autonomous drivi