In the first quarter of this year, Korea’s exports to the United States surpassed those to China for the first time since the second quarter of 2003.Exports to the U.S. are expected to remain strong for the foreseeable future, driven by foreign direct investment (FDI) in the manufacturing industries
Hanwha Systems (CEO: Sung-Chul Eoh) released images of various locations on Earth taken by its small SAR satellite on April 18th, successfully launched on December 4th, 2023.The images taken by Hanwha Systems' small SAR satellite were transmitted from an altitude of 650 kilometers above the Earth. T
Tension was palpable in front of Samsung Electronics’ DSR Tower in Hwaseong, Gyeonggi Province at noon on April 17. It marked the first collective action in the history of Samsung, initiated by the National Samsung Electronics Union (National Samsung Union), with an event named “Gather 1,000.” The o
Kwak No-jeong, president of SK hynix, is set to deliver a keynote speech on Artificial Intelligence (AI) at a semiconductor event in Washington, D.C. in the U.S.According to industry sources on April 15, Purdue University and Senator Todd Young will host an event titled “CHIPS for America, Action fo
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
The U.S. Department of Commerce’s Bureau of Industry and Security (BIS) escalated tensions in February by adding an additional six Chinese companies to its blacklist, following the earlier inclusion of eight companies. With these new additions, the Biden administration has now blacklisted a total of
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
The trilateral military alliance of the United States, the United Kingdom, and Australia, known as “AUKUS,” is reportedly considering South Korea as a potential cooperation partner for joint development of advanced military technology. This development has raised expectations for “K-Defense,” which
Seegene Inc., a leading South Korean company providing a total solution for PCR molecular diagnostics, announced today that Prof. Dame Jenny Harries, Chief Executive of the UK Health Security Agency (UKHSA), visited its headquarters located in Seoul Korea, on March 27.According to the company, Prof.
Recent opinion polls suggest that former President Donald Trump is leading in the race in swing states among potential candidates for the upcoming November U.S. presidential election, raising concerns about trade pressure from the United States. During his tenure, former President Trump considered t
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 government plans to invest 500 billion won over the next five years in five additional specialized complexes for materials, parts, and equipment, aiming to develop them into core bases for the supply chain. Space, aerospace, defense, and hydrogen are newly added as strategic technology sectors,
Hanwha Group’s acquisition of Australian defense company Austal has hit a snag. The challenge arose because Austal indicated that obtaining approval for the acquisition from Australian and U.S. authorities would be difficult, effectively rejecting the proposal.According to Reuters on April 1 (local
The Coder is poised to make a significant impact at the EMEA Security 2024 conference and exhibition in London, scheduled for April 23-24, 2024. The company is set to present its groundbreaking 'Data on Things' (DOT) technology, which promises to revolutionize the way data is embedded into objects f
The global community is on edge following reports that China plans to eliminate products from American companies Intel and AMD. This move surpasses mere retaliation against the United States’ intensified semiconductor export restrictions, indicating China’s confidence in its own technological develo
Artificial Intelligence (AI), deep partner collaboration, and building a strong ecosystem foundation were championed as next-level growth engines to new opportunities in industry digitisation at the recent Huawei Cloud APAC Partner Connection Summit 2024.Huawei Cloud Asia Pacific hosted approximatel
Japan has committed to developing and exporting a next-generation fighter jet by 2035 in collaboration with the United Kingdom and Italy.On March 26, Japan decided to relax the “Three Principles on Transfer of Defense Equipment and Technology” during a Cabinet meeting, thereby approving the export o
Korea’s trade surplus with the United States, which peaked in 2023, is likely to gradually shrink in the future, according to a new report.The Korea Institute for Industrial Economics & Trade (KIET) released a report on a structural analysis of the causes of Korea’s surplus in trade with the United
As the United States steps up its checks on China’s semiconductor industry, China has launched a countermeasure. The Financial Times (FT) reported on March 24 (local time) that the Chinese government is advancing its efforts to replace foreign technology with domestic alternatives. According to guid