The water industry is generally defined as the business of producing and supplying potable water and industrial water needed for households and industries, as well as transporting and treating wastewater. The water industry is expected to steadily grow due to factors such as worsening water scarcity
Off-road environment recognition technologies for detecting extraneous substances such as dust, mud, snow, or rain during off-road autonomous driving of construction machinery, agricultural machines, and unmanned ground vehicles (UGVs), and removing the sensor signals of these substances on a real-t
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
Despite positive signs in the Korean economy such as an increase in semiconductor exports, many growth rate forecasts are still in the low 2 percent range. One explanation is that low growth has stagnated while economic structural reforms have been stalled.According to the Ministry of Strategy and F
As Western Digital, the world’s third-largest NAND flash company, formalized a price hike for solid state drives (SSDs) and hard disk drives (HDDs) in the first half of the year, Samsung Electronics and SK hynix’s NAND business is expected to switch to the black in the first quarter of 2024.Western
U.S.-based semiconductor company Intel has declared a counteroffensive in the AI semiconductor market led by Nvidia. Intel plans to create an open platform for AI development that rivals Nvidia’s semiconductors and AI development platform, aiming to form a new alliance system. For this purpose, Inte
As the commercialization of all-solid-state batteries, often referred to as the “battery of dreams,” approaches, Korean battery materials companies are pumping up their efforts to build an ecosystem.According to industry sources on April 10, Samsung SDI recently started building a domestic supply ch
The domestic steel industry continues to remain tense despite favorable factors such as a decrease in raw material prices and production cuts in China. With demand continuing to shrink due to economic downturns, inventory buildup persists, leaving little room for relaxation.According to the steel in
Kia has lowered its sales target for China by more than half in a year.At its 2024 CEO Investor Day on April 5, Kia maintained its global sales target for 2030 at 4.3 million units, the same as last year.However, the Korean carmaker has cut its China sales target by more than half (230,000 units) fr
In response to China’s aggressive dumping tactics, experts are advising that now is the time to refine three traditional measures: anti-dumping duties, countervailing duties, and safeguards. There is also a growing argument for bolstering barriers through measures such as limiting tax-exempt limits
Amid astronomical subsidies being poured into the semiconductor industry by countries like the United States and Japan, the South Korean government has decided to explore domestic investment incentives. There’s speculation that discussions on ‘semiconductor subsidy cash support’ could materialize, g
The proportion of foreign investors in the KOSPI market has risen back to the 35 percent range. With expectations of a recovery in the semiconductor industry, a key focus of the government’s “Corporate Value-Up Program,” foreign investors are seen actively opening their wallets.According to the Kore
The combined market share of the top three Korean battery makers is on a steady decline.SNE Research announced on April 8 that the total battery usage of electric vehicles registered in the world was about 92.4 GWh, up 27.0 percent year on year in January and February.The share of the top three Kore
Despite challenging business conditions, South Korean petrochemical companies have been disclosed to make record-high investments in research and development (R&D). This strategic initiative is seen as an endeavor to strengthen competitiveness in emerging business sectors like high-value added (spec
Governor Eric J. Holcomb, Secretary of Commerce David Rosenberg and Purdue University President Mung Chiang joined federal partners and executives of South Korea-based SK hynix Inc., the world’s leading producer of High-Bandwidth Memory (HBM) chips, today as the company announced plans to establish
The Korea Investment Corporation (KIC) announced that it held the “KIC Mumbai Office Opening Ceremony” at the Jio World Convention Center in the Bandra Kurla Complex (BKC) in Mumbai, India, on April 2.On this day, KIC President Jin Seung-ho stated in his welcoming address, “KIC’s selection of Mumbai
The second factory of Ultium Cells, a joint venture between LG Energy Solution and General Motors (GM) for electric vehicle batteries, has commenced commercial operations. LG Energy Solution has decided to continue proactive investments, particularly in North America, as part of its strategy to soli
Korea’s exports jumped by 3.1 percent in March 2024 compared to the same month of 2023. The nation marked the sixth consecutive month of positive exports. Semiconductor exports also hit a 24-month high.The Korean Ministry of Trade, Industry and Energy (MOTIE) announced March export and import statis
Last year, Samsung Electronics’ shareholder returns rate surpassed that of global big tech companies such as Microsoft and Meta. This achievement comes despite the worst semiconductor downturn in history last year, demonstrating Samsung’s commitment to maintaining dividend payouts and focusing on sh
Following the victory of the anti-merger faction led by brothers Lim Jong-yoon and Lim Jong-hoon, former presidents of Hanmi Pharmaceutical, in the proxy fight at the Hanmi Science shareholders’ meeting, the OCI Group declared the suspension of the merger process.OCI Holdings, the holding company of