SK hynix has announced it will begin mass production of its 6th generation (1c) 10nm (nanometer) class DRAM within the third quarter of this year, positioning itself ahead of Samsung Electronics, which has plans for mass production by the end of the year.Industry insiders revealed on April 8 that SK
Korea’s export value index rose for the fifth consecutive month in February thanks to a recovery of the semiconductor industry. Export value is the current value of exports converted to U.S. dollars and expressed as a percentage of the average of the base period (2000). Semiconductor exports are sho
The K21 Infantry Fighting Vehicle, produced by Hanwha Aerospace, is highly likely to be exported to Latvia this year.Hanwha Aerospace is currently participating in the Latvian Army’s armored vehicle replacement project with its K-21 Infantry Fighting Vehicle. The project involves about 100 units and
Kumho Petrochemical has sold its entire stake in the SB latex business, a joint venture with Rizhao Jinhu Jinma Chemical Co., Ltd., a Chinese company. The decision to exit the local business was made in response to China’s low-cost competition and overlapping environmental regulations.According to t
SK bioscience, a global innovative vaccine and biotech company committed to promoting human health from prevention to cure, announced today Prof. Jan Holmgren of Sweden, and Profs. Barney Graham and Jason McLellan of the United States as the winners of the 2024 International Vaccine Institute-SK Bio
LG Group has decided to embark on joint AI research and development with The Jackson Laboratory, a world-renowned genome research institution based in the United States, to unlock the secrets of Alzheimer’s disease and cancer.LG AI Research and The Jackson Laboratory have signed a recent contract fo
South Korea’s current account remained in surplus for the ninth consecutive month thanks to strong semiconductor and automobile exports.According to provisional statistics on the balance of payments released by the Bank of Korea (BOK) on March 8, the nation’s current account surplus stood at US$3.05
The Ministry of SMEs and Startups announced on March 3 that it discussed the establishment of a ministerial-level consultative body with the UAE Ministry of Economy during its attendance at the Investopia global investment event held in Abu Dhabi, UAE, from Feb. 28 to 29 (local time).Investopia is a
Incheon Metropolitan City announced on Feb. 27 that European global investment firms had delivered letters of intent to Mayor Yoo Jeong-bok, expressing their intention to invest a total of US$6 billion in the city.On Feb. 26, Mayor Yoo received letters of intent for investments in Paris, France, fro
Hyundai Motor and Kia Corp. are looking to ramp up their market shares by introducing more than five new electric vehicle models this year. The electric vehicle market, which grew rapidly, has slowed down somewhat, but the two automakers are expediting their electrification transition with the new m
Hyundai Motor India, Ltd. (HMIL) is reportedly pushing for an initial public offering (IPO) on the Indian stock market later this year. HMIL is a wholly owned subsidiary of Hyundai Motor Company.According to media outlets in India, HMIL is in early-stage negotiations for an IPO later this year. Hyun
The U.S. International Trade Commission (ITC) has rejected a summary judgment application by Hugel, which had asserted that there was no dispute in its ongoing legal battle with Medytox over the source of a botulinum toxin strain.According to industry sources on Feb. 1, the ITC’s decision to deny Hu
A forecast has emerged predicting substantial growth in South Korea’s exports this year. On Jan. 18, the Bank of Korea (BOK) published an issue note titled “Assessment and Insights on Global Growth and Trade Post-Pandemic – BOK Issue Note.”The BOK foresees an expansion in South Korea’s export growth
A bill to amend the Petroleum and Petroleum Alternative Fuel Business Act passed the National Assembly’s plenary session on Sept. 9, paving the way for refiners to produce sustainable aviation fuel (SAF).SAF is an aviation fuel derived from renewable biomass or carbon dioxide. It has the same compos
Dong-A ST announced on Jan. 10 that it signed a business agreement with Eleven Therapeutics to develop RNA-based gene therapies. The agreement was finalized at the J.P. Morgan Healthcare Conference in San Francisco on Jan. 9.The collaboration will focus on discovering RNA therapies targeting fibroti
Korea’s current account has been in surplus for seven consecutive months as its exports recovered.Korea’s current account surplus stood at US$4.06 billion in November last year, according to provisional balance of payments statistics released by the Bank of Korea on Jan. 9. It had been in surplus fo
Leading defense industry companies in South Korea, including Hanwha Aerospace, Korea Aerospace Industries (KAI), LIG Nex1, Hyundai Rotem, and Hanwha Ocean, have hit “contract jackpots” in countries like Poland and Australia, marking a significant shift for South Korea from a defense equipment import
Dong-A Socio Group’s specialty drug affiliate, Dong-A ST, will enter the ADC market through the acquisition of an antibody-drug conjugate (ADC) linker platform company. ADCs are a treatment that combines an antibody that combines a target antigen with a cytotoxic drug as a linker and is known for it
Hanwha group companies have successfully demonstrated a medium-to-large-scale gas turbine solely on 100% hydrogen fuel, based on their world-class technology. Hanwha Impact and Hanwha Power Systems announced on Dec. 20 that they have demonstrated full hydrogen combustion by increasing the hydrogen m
Hyundai Motor Group (the Group) today announced key executive appointments for the second-half of the year 2023. Through the appointments, the Group aims to strengthen its leading position in future mobility solutions and innovations and better prepare for uncertainties in the global business enviro