The New Zealand Wine Festivals, which promise an unforgettable experience of New Zealand culture and remarkable wines, are returning this year by popular demand. The events in Seoul and Busan will leverage the growth and recognition of an array of New Zealand’s premium wines.“New Zealand wine is a f
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.
Genesis, a division of Hyundai Motor, will add a high-performance trim called “Magma” to all its models from 2025 starting with the GV60, just like premium automaker rivals Mercedes-Benz and BMW have AMG and M as their high-performance luxury trims.Genesis took the wraps off the GV60 Magma Concept C
The Carlyle Group, a global private equity fund management firm, is stepping in as a facilitator for the overseas mergers and acquisitions (M&A) of domestically prominent defense companies with a stature that is growing worldwide.According to industry and investment banking (IB) sources on March 24,
Approximately four out of ten major domestic companies are using generative artificial intelligence (AI) at the company level for their operations, according to a survey result.The Federation of Korean Industries announced on March 21st the results of a survey titled “Current State and Perception of
Jensen Huang, CEO of Nvidia, visited Samsung Electronics’ booth at the GTC 2024 event in San Jose, California, on March 20 (local time) and left a handwritten signature on the 5th generation High Bandwidth Memory (HBM3E) on display, which has been positively interpreted by industry insiders. Followi
This March, Four Seasons Hotel Seoul takes centre stage as an official partner of the prestigious Asia’s 50 Best Restaurants 2024, which comes to the Korean capital for the first time. Securing its place as a gastronomic hotspot in the city’s thriving culinary scene, the contemporary Gwanghwamun hot
The market for all-in-one washer-dryers, often dubbed as “dream home appliances,” is now opening up in earnest. South Korea’s two major home appliance companies, LG Electronics and Samsung Electronics, have both introduced this product. With a washer-dryer combo, there’s no need to separately transf
Attacks on Samsung Electronics by patent trolls are becoming increasingly cunning. These entities are focusing on purchasing patents with broad scopes that can be applied to various products and then targeting companies that release related products. Among global information technology (IT) companie
Doosan Digital Innovation (DDI) announced that it held the Quantum Accelerator Program Kick-off Event at Doosan Tower in Bundang near Seoul on Feb. 20.The event was hosted by DDI’s Head of Corporate Digital (HoD) responsible for Doosan Group’s IT-DT strategy, and was attended by DDI President Park S
Representatives of Korea Energy Technology University (KENTECH) announced on Feb. 21 that they had signed a memorandum of understanding (MOU) on Feb. 20 in Halle, Germany, with representatives of Fraunhofer IMWS and Anhalt University of Germany to strengthen cooperation throughout the entire cycle o
Hyundai Engineering announced on Feb. 21 that its landscape structures “Weaving Garden” and “Cloud Shade” won the Winner award at Asia Design Prize 2024.The Asia Design Prize is the largest international design competition in Asia. This year, Professor Shingo Ando from the prestigious Kyoto Universi
The Fair Trade Commission (FTC) is targeting franchise businesses owned by private equity funds. In particular, tensions within the industry have escalated recently after Mom’s Touch was fined 300 million won (US$225,989) for unfair practices towards its franchisees.Yook Sung-kwon, the Secretary Gen
Hyundai Motor Group which runs Hyundai Motor, Kia Corp. and Genesis sold a total of 7.34 million vehicles globally in 2023, ranking third in sales, according sources in the automobile industry. This marked the second consecutive year that the group has ranked among the big three.Toyota Group, with b
More and more small and medium-sized food manufacturers that produce and supply Coupang’s private label products are succeeding in achieving a “second leap.”Coupang announced on Jan. 31 that three small food manufacturers in explosive growth regions, with sales that have increased from 3 to up to 29
A high-efficiency circular vibration/polarization ultrasonic conversion technology capable of detecting cracks, which can occur in various directions within a structure, has been developed for the first time in the world.For the first time in the world, the joint research team led by Senior Research
Pulmuone announced on the 14th that it has been recognized for sustainability in the 2023 Corporate Sustainability Assessment (CSA), conducted by S&P Global, one of the world's three major credit rating agencies, and has entered the global Top 5 for the first time in the food sector.This ranking pla
Samsung Heavy Industries has secured a second-phase project for liquefied natural gas (LNG) carriers worth 4.6 trillion won (US$2.5 billion), following HD Hyundai Heavy Industries, marking another success for two of South Korea’s major shipbuilders in the Qatar LNG project.On Feb. 6, Samsung Heavy I
On Feb. 6, a joint research team at the Ulsan National Institute of Science and Technology (UNIST), led by Professor Lee Jae-sung, Professor Jang Ji-wook, and Professor Seok Sang-il from the Department of Energy and Chemical Engineering and Professor Lim Han-kwon from the Graduate School of Carbon N
The feared situation has finally emerged for China’s e-commerce giant AliExpress, which ambitiously entered the South Korean market by prioritizing cost-effectiveness.In particular, consumer dissatisfaction is pouring in regarding services and customer responses, which have been consistently critici