Doosan Enerbility announced on April 25 that Romanian President Klaus Iohannis visited the company’s headquarters in Changwon, South Gyeongsang Province on April 24 as Romania is promoting the construction of the world’s first small modular reactor (SMR) power plant at the government level.The visit
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
The world’s largest foundry (semiconductor contract manufacturing) company, Taiwan’s TSMC, has ignited the competition in ultra-fine processes among Samsung Electronics and Intel by announcing plans for 1.6-nanometer (nm) mass production in 2026.According to industry sources and foreign media report
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
On April 24 (local time), Chey Tae-won, chairman of SK Group, visited Silicon Valley in the U.S. to meet with Jensen Huang, the CEO of Nvidia. The meeting is believed to have focused on cooperation concerning high-bandwidth memory (HBM), a key component in AI semiconductors.On April 25, Chey posted
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
Coupang is set to invest about 360 billion won in Taiwan as it launches rocket delivery services in the region.According to local media reports in Taiwan on April 25, including in the Liberty Times, the Department of Investment Review under Taiwan’s Ministry of Economic Affairs has approved Coupang
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
SK hynix achieved unexpectedly strong performance in the first quarter, surpassing market expectations.The company announced on April 25 that it recorded 12.43 trillion won (US$9.04 billion) in sales and 2.89 trillion won in operating profits, representing a 23 percent operating profit margin, and 1
Volvo Group Korea, a specialized excavator manufacturer, announced on April 24 that it has completed the construction of Asia’s first group battery pack production facility at its Changwon Plant in South Gyeongsang Province, South Korea.On April 23, Volvo Group Korea held a ceremony at the Changwon
With South Korea’s manufacturing investments shifting from the western to the eastern United States, there’s a growing need to establish logistics infrastructure like port terminals on the U.S. East Coast to mitigate logistics risks.According to the report titled “Changes in Import-Export Logistics
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
LG Energy Solution has declared war against technology theft, believing that patent infringement by overseas battery-related manufacturers in regions like China and Europe is severe. The company’s own investigation revealed 580 cases of confirmed patent infringement. They are ready to pursue legal a
Macrogen, a global genome analysis company, has officially started building the largest Global Genome Center in Asia.The Incheon Free Economic Zone Authority announced that Macrogen held a groundbreaking ceremony on April 24 at the Advanced Industry Cluster in Songdo International City, Zone 5, for
The upcoming Nintendo Switch 2, the first new gaming device from Japan’s Nintendo in eight years, is expected to incorporate a significant amount of technology from Samsung Electronics. It is predicted that a wide range of Samsung products, from displays to memory and foundry services, will be used,
SK hynix plans to invest 20 trillion won in Cheongju to expand its high-bandwidth memory (HBM) production capacity. This move is interpreted as an effort to maintain its leading position amid intensifying HBM competition.On April 24, SK hynix announced that its board of directors has approved the pr
The Korean construction industry is on edge due to the conflict between Israel and Iran and between Israel and Hamas, which has led to a decline in orders from the Middle East and concerns about lower profitability due to rising raw material prices. The Middle East is a big overseas market for Korea
Europe’s views are changing in favor of nuclear power generation. Many European countries agree that nuclear power is necessary for carbon neutrality and energy security. They are also investing in new technologies such as small modular reactors (SMRs). Europe has a growing interest in South Korea,