It has been revealed that the four American “big tech” companies -- Apple, Microsoft, Google, and Meta -- collectively garnered around 9 trillion won in sales and about 600 billion won in operating profit in South Korea over the past year.According to the audit reports disclosed in the Financial Sup
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
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
GM's Korean Operations sold 51,388 vehicles in March. Sales were up 26.0% compared to the same month last year. It marked the 21st consecutive month of year-over-year growth.Overseas sales of GM's Korean Operations reached 49,350 units last month, up 26.3% on an annual basis, marking the 24th consec
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
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
Samsung Electronics and SK hynix have both reached new record highs simultaneously. Samsung Electronics share price has recovered to 80,000 won (US$60) in approximately two years and three months, while SK hynix’s market capitalization approaches 130 trillion won. Expectations are rising for Samsung
Pulmuone's Museum Kimchikan announced on the 24th that it will expand the number of kimchi experience programs for foreign visitors who want to experience Korean kimchi and kimjang culture from the existing 2 to 4 starting this month.As the number of foreign visitors interested in experiencing kimch
Bereum, a pioneering force in postbiotic, has recently inked a strategic collaboration with Hyundai Corporation Group to venture into the North American market. The contract, valued at $10 million, marks a significant milestone in the company's journey, positioning it as the sole domestic competitor
The relationship between South Korea and Russia is reaching a desperate situation while the two countries celebrate the 34th anniversary of diplomatic relations this year.Earlier this year, an unusual incident occurred when a South Korean missionary, who was engaged in aid and missionary activities
According to foreign media reports, Samsung Electronics is set to adopt High Bandwidth Memory (HBM) process technology from SK hynix to catch up with its competitors in the HBM market.Reuters reported on March 13, citing multiple sources, that Samsung Electronics has purchased related manufacturing
Global Con-tech Company Angelswing has won first in the ‘Rocket Fuel Pitch Competition’ at Saudi's LEAP 2024, securing the Technology for Humanity Award.LEAP 2024, held under the auspices of the Saudi Ministry of Communications and Information Technology (MCIT) from the 4th to the 7th of March in Ri
South Korean travelers have ranked Singapore and Japan as the most secure and comfortable countries to travel in the world. These two countries were ranked first and second, respectively, not only for their safety and security but also for their overall pleasant travel infrastructure, including clea
South Korea has narrowed its gap with the United States in the field of Information and Communication Technology (ICT) by 0.1 years. According to the “2022 ICT Level Survey and Technology Competitiveness Analysis Report” by the Institute of Information & Communications Technology Planning & Evaluati
The government has increased the budget for cash support for foreign investment from 50 billion won (US$37.64 million) last year to 200 billion won this year, marking a fourfold increase.The Ministry of Trade, Industry, and Energy (MOTIE) announced that it held the 114th meeting of Foreign Investmen
Last year, South Korea’s gross national income (GNI) per capita reached US$33,000, marking a rebound for the first time in a year. The annual real gross domestic product (GDP) growth rate was recorded at 1.4 percent.According to the “2023 Preliminary 4th Quarter and Annual National Income” report re
SK D&D, the real estate development arm of SK Group, announced on March 4 that it held a board meeting and completed its spin-off into two entities: SK D&D and SK eternix.As a result of the spin-off, SK D&D will focus on real estate operations, while SK eternix will specialize in renewable energySK
Following last year’s memory semiconductor downturn, Samsung Electronics and SK hynix are aggressively increasing their focus on DRAM through the expansion of advanced processing. This move is anticipated due to the expected rise in orders for High Bandwidth Memory (HBM) and Double Data Rate 5 (DDR5
Lee Woong-yeol, the honorary chairman of Kolon Group, along with the corporation itself, have been indicted on charges related to the tampering of the ingredient of Invossa Injection, a treatment for osteoarthritis. The first trial is anticipated to conclude in the first half of the year, with a dec
The government is focusing its policy efforts on “normalizing the nuclear power industry ecosystem.” It has come up with support measures encompassing advancing research and development (R&D), facilitating job opportunities, extending financial aid, and offering tax incentives.On Feb. 22, the govern