Doosan Enerbility will carry out a modernization project to improve the performances of old power plants and build environmental facilities in Kazakhstan.Doosan Enerbility announced on April 24 that it has signed a memorandum of understanding (MOU) with the Ministry of Energy of Kazakhstan and KEPCO
SK innovation’s subsidiary, SK earthon, has completed the sale of its stake in Peru LNG Company, LLC which SK earthon had run since 2010.On April 22 (local time), SK earthon successfully wrapped up the sale of its 20 percent stake in Peru LNG to MidOcean Energy for US$256.5 million. The two companie
Hyundai Mobis, a global leading company in the electric vehicle supplier, announced the construction of a new plant in Spain, the heart of Europe's automotive market. Mobis currently operates battery system production facilities in Korea, China, and the Czech Republic and is building several more in
LEGOLAND Korea Resort proudly announces becoming the first theme park resort in Korea to achieve Certified Autism Center™ (CAC) designation by the International Board of Credentialing and Continuing Education Standards (IBCCES). This certification underscores LEGOLAND Korea Resort's dedication to cr
Samsung Electronics and SK hynix are engaging in fierce competition to lead the next-generation semiconductor market in the age of artificial intelligence (AI). Both companies are striving to gain an edge through new product development and mass production timing. With Intel joining the fray, the gl
The collective net worth of Korea’s 50 Richest on the 2024 Forbes list rose slightly to US$115 billion from $106 billion, amid the country’s global chipmaking ambitions. The complete list can be found at www.forbes.com/korea, as well as in the April/May issue of Forbes Asia and the May issue of Forb
On March 11, Doosan Robotics held an opening ceremony for the “Electric Vehicle (EV) Automatic Charging Solution Pilot Station” at the LG Science Park in Gangseo District, Seoul, in partnership with LG Electronics, and commenced pilot operations, the company announced on March 16.The newly developed
In the midst of U.S. President Joe Biden emphasizing Texas as a pivotal player in the advanced semiconductor ecosystem due to Samsung Electronics’ significant investment, a competitive landscape with Arizona, which is attracting TSMC plants, is anticipated. The battle between Texas and Arizona could
Off-road environment recognition technologies for detecting extraneous substances such as dust, mud, snow, or rain during off-road autonomous driving of construction machinery, agricultural machines, and unmanned ground vehicles (UGVs), and removing the sensor signals of these substances on a real-t
Despite major overseas luxury brands achieving astronomical sales figures in South Korea last year, it has been revealed that many of them either reduced their donations or completely abstained from contributing compared to the previous year. This trend suggests a confidence among these brands that
In November 2023, Lucid Kitchen opened its offline shop in Woluwe-Saint-Lambert, boasting a high-level commercial and residential culture comparable to the 17 districts of Paris, which have the highest income in Europe, attracting attention from various local Europeans.Thanks to the popularity of Ka
Samsung Electronics is set to establish an advanced semiconductor complex in Taylor, Texas, in the U.S. The plan includes building state-of-the-art foundries for 2-nanometer (nm) process production and advanced packaging facilities to preempt the artificial intelligence (AI) semiconductor market.On
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
Partnerships to develop purpose-built vehicles (PBVs) to build an eco-friendly logistics system are growing between the automotive industry and logistics companies. This is due to rapidly increasing demand for electric trucks instead of diesel trucks in line with a global carbon neutrality initiativ
As the global semiconductor hegemony intensifies, companies are fiercely competing in investments. Samsung Electronics is expected to announce additional investments locally, following substantial subsidies received by competitors Intel and Taiwan’s TSMC from the U.S. government.Compared to this, do
Celltrion announced on April 11 that “Zymfentra” (the U.S. brand name for Remsima), the world’s first subcutaneous formulation of infliximab for the treatment of autoimmune diseases developed in-house, has completed its formulation patent registration with the United States Patent and Trademark Offi
Following its supply of a 27-inch Organic Light Emitting Diode (OLED) display to Hyundai Motor’s Genesis last year, LG Display recently secured an order for a large Liquid Crystal Display (LCD) from a foreign premium automaker. This display, being the longest among the automotive displays produced b
The domestic steel industry continues to remain tense despite favorable factors such as a decrease in raw material prices and production cuts in China. With demand continuing to shrink due to economic downturns, inventory buildup persists, leaving little room for relaxation.According to the steel in
Samsung C&T Corporation will build the first mixed hydrogen compound power generation infrastructure in Korea.Samsung C&T Corporation inked a contract with KEPCO to build a 30,000-ton capacity hydrogen compound storage, loading and unloading infrastructure in Samcheok, Gangwon Province of Korea, the
The Czech Republic has pushed back the deadline for a rebid for the 30 trillion won Dukovany and Temelin Nuclear Power Plant construction project by two weeks at the request of France.CEZ of the Czech Republic announced on April 8 (local time) that it has extended the deadline for submitting revised