Doosan Enerbility is making its entry into the aircraft engine business, leveraging its accumulated expertise in power generation gas turbines to broaden its business domain and secure differentiated gas turbine technology.On March 26, Doosan Enerbility announced that it had added “aircraft engine m
Amid the payment of massive subsidies by the United States and Japan for the revival of the semiconductor industry, the government has decided to review the provision of subsidies to the nation’s high-tech industries, including semiconductors. This marks the first official mention by the government
Kwak Noh-jeong, president and CEO of SK hynix, announced on March 27 that the order volume for High Bandwidth Memory (HBM) will remain “tight” until next year, adding that “this year, the proportion of HBM in the total DRAM sales volume will rise to a double digit percentage, which will help profita
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
In an interview conducted on March 25 at the Pascucci Centro Seoul branch in the Jung district of Seoul, Chairman Mario Pascucci stated there is no bakery franchise of significant scale in Italy that can compete with Paris Baguette, expressing a strong desire to launch Paris Baguette in Italy as soo
Samsung Display has secured the top spot in the foldable Organic Light Emitting Diode (OLED) panel market, outpacing China’s rapid pursuit.According to market research firm UBI Research on March 26, global shipments of foldable OLED panels are projected to increase from 27.4 million units this year
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
Jo Seong-jin, CEO of LG Electronics, announced on March 26 that the company is seeking investment opportunities in adjacent industries, revealing plans for mergers and acquisitions.During the regular general shareholders’ meeting held at the LG Twin Towers in Yeouido, Seoul, CEO Jo stated, “After an
South Korea and Malaysia have agreed to resume negotiations for a Free Trade Agreement (FTA).The Ministry of Trade, Industry, and Energy announced on March 26 that Jung In-gyo, chief trade negotiator of the Ministry, met with Tengku Zafrul Aziz, the Minister of Investment, Trade, and Industry of Mal
Hyundai Card, which commenced offering Apple Pay services since March last year, has received a favorable performance report.According to the Credit Finance Association’s report on March 26, Hyundai Card secured the second position in cumulative personal credit sales transaction volume for January a
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
LG Chem is seeking solutions to revive its struggling petrochemical business. Splitting the petrochemical business and attracting foreign investments from the Middle East to create a joint venture are among the scenarios being discussed.Vice Chairman Shin Hak-cheol of LG Chem responded to reporters’
Samsung Electronics released a new model of its premium air purifier, the Bespoke Cube Air Infinite Line, on March 25, featuring a new filter that does not require periodic replacement. The highlight of this model is the Infinite Line Filter.The Infinite Line Filter consists of a washable sterilizat
The OLED TV market, recognized as a top-tier premium TV segment, is experiencing a breath of fresh spring air. Attention is focused on whether LG Display, the global leader in the OLED TV panel market, can turn the tide.According to market research firm Omdia on March 25, global TV shipments have be
South Korea is under subtle pressure from China following reports that it may join the United States in export restrictions against China. During a visit to China for the China Development Forum (CDF), SK hynix has been highlighted by Chinese officials emphasizing the importance of the Chinese marke
Celltrion announced on March 25 that it has received a recommendation for marketing authorization from the Committee for Medicinal Products for Human Use (CHMP) under the European Medicines Agency (EMA) for the full label of its Xolair (active ingredient: omalizumab) biosimilar “CT-P39.”The original
Samsung Electronics is reportedly pursuing the acquisition of Johnson Controls’ Heating, Ventilation, and Air Conditioning (HVAC) division with an investment of US$6 billion. This would mark the company’s first major merger and acquisition (M&A) since its US$8 billion acquisition of the automotive a
Ssangyong Engineering & Construction (Ssangyong E&C) announced on March 25 that it has simultaneously secured contracts for two luxury residence projects, “Creek Waters,” in the Dubai Creek Harbour area. Creek Waters 1 and 2, set to be located in the new residential hub of Creek Harbour in Dubai, wi
Hanmi Group announced on March 25 that it has dismissed Lim Jong-yoon, president of Hanmi Science, and Lim Jong-hoon, president of Hanmi Pharmaceutical, effective March 25.The group stated that the two presidents caused disputes over important resolutions of the Hanmi Science board of directors, inf
Among domestic construction companies, GS Engineering & Construction (GS E&C) has received the highest number of defect judgments in the last five years, with a total of 1,646 cases.According to the Ministry of Land, Infrastructure and Transport on March 24, GS E&C had 3,284 defects reported to the