HD Hyundai is teaming up with global small modular reactor (SMR) leaders to explore the offshore nuclear market.HD Korea Shipbuilding & Offshore Engineering (KSOE), a shipbuilding intermediate holding company of HD Hyundai, recently held a technology exchange meeting to jointly develop molten salt r
Chinese shipyards are sweeping up orders for methanol-powered ships, an eco-friendly, low-carbon type of vessel, as South Korea’s shipbuilding industry seeks to take orders for high-value vessels. In particular, China is expanding orders based on its capacity to produce and supply methanol, raising
Daewoo E&C and CCCC Tianjin Dredging China signed a business agreement for an exclusive domestic use of the offshore wind turbine installation vessel (WTIV) Gang Hang Ping 5 at the Grand Hyatt Shanghai Hotel in Pudong, Shanghai of China on Jan. 31 (local time).Prior to the signing ceremony, on Jan.
ASML Korea’s President, Lee Woo-kyung, disclosed before attending the SEMICON Korea 2024 Industry Leadership Dinner held at the Grand InterContinental Seoul Parnas in the Gangnam district of Seoul, on the last day of January, “We are looking at the year 2027 to bring in the High-Numerical Aperture (
The ruling People Power Party has decided to prioritize the passage of an amendment to the Korea Export-Import Bank Act in a February extraordinary session of the Korean National Assembly in order to secure a second contract worth 30 trillion won for arms exports to Poland.According to sources in th
Competition to land a nuclear power plant order from the Czech Republic has been reorganized into a two-runner race between Korea and France after the United States has withdrawn from the competition. The scale of the nuclear power plant project has also increased from one to four reactors and the p
Hanwha Ocean and Hanwha Aerospace presented their state-of-the-art defense technologies to Dr. David Perry, President of the Canadian Global Affairs Institute (CGAI), who visited Hanwha facilities from January 23-24. The CGAI is recognized as Canada’s leading source of expertise on global affairs an
The Ministry of Trade, Industry and Energy (MOTIE) has set a target of US$700 billion for South Korea’s exports next year, with a plan to attract US$35 billion in foreign direct investment in Korea and US$150 trillion in private investment.MOTIE Minister Ahn Duk-geun said in a briefing at the Sejong
Doosan Bobcat has successfully commercialized Korea’s first hydrogen forklift.Doosan Bobcat announced on Jan. 31 that they held a “First Hydrogen Forklift Rollout Ceremony” at their forklift factory in Incheon on Jan. 30.The shipped first hydrogen forklift from Doosan Bobcat is a 3-ton model equippe
SK hynix has announced plans to release its 5th generation High Bandwidth Memory (HBM), named HBM3E, this year, and aims to launch HBM4 by 2026.Kim Chun-hwan, vice president of SK hynix, revealed these plans during his keynote speech at SEMICON Korea 2024, held at COEX in the Samseong neighborhood o
ONDA, a South Korean hospitality technology startup, has formed a significant partnership to provide its booking management solutions to a premier hospitality company in South Korea.ONDA announced it has entered into a technology agreement with Josun Hotels & Resorts to develop the Central Reservati
Incheon will host this year’s APAC Wind Energy Summit on 26-28 November 2024.The thriving port city in South Korea has abundant potential for offshore wind development and provides the perfect setting for local, national and international groups to come together and drive the region’s offshore wind
With about one week to go until the end of negotiations for the sale of HMM, new uncertainties are affecting the future of the negotiations as global shipping industry alliances begin to reorganize. With the management of HMM in limbo as Denmark’s Maersk and Germany’s Hapag-Lloyd form a new alliance
Hanwha Ocean and Hanwha Aerospace presented their state-of-the-art defense technologies to Dr. David Perry, President of the Canadian Global Affairs Institute (CGAI). The CGAI is recognized as Canada’s leading source of expertise on global affairs and Dr. Perry’s visit is timely as Hanwha is laying
The race to dominate the 2-nanometer (nm) semiconductor technology is heating up at the beginning of the year, a key battleground among global foundry (semiconductor contract manufacturing) companies.According to industry sources on Jan. 29, major foundry enterprises like Samsung Electronics, TSMC,
Positive tangible results are being made by the Korean Ministry of Trade, Industry and Energy (MOTIE) and the CF Alliance pursuing a strategy to expand carbon-free power sources in the industrial sector.Major countries such as the United Kingdom, France, the Netherlands, and the United Arab Emirates
Hugel announced on Jan. 29 that it has launched HA fillers in Thailand. The company successfully launched the products after obtaining a product license from the Thai Food and Drug Administration (TFDA) in August last year, becoming the first company to enter the Thai HA filler, botulinum toxin, and
Doosan Enerbility is advancing its efforts to supply carbon-neutral power generation technologies, including Carbon Capture, Utilization, and Storage (CCUS) and ammonia co-firing, renewables, and hydrogen to Thailand. On Jan. 29, the company announced the signing of a memorandum of understanding (MO
Following the election of an anti-China candidate in the Taiwanese presidential election, the geopolitical risks associated with Taiwan, a central player in the global semiconductor supply chain, have elevated the roles of Southeast Asian countries like Malaysia, Singapore, and Vietnam as new global
At the beginning of this year, the Consumer Electronics Show (CES) 2024, the world’s largest consumer electronics and IT exhibition, brought into focus the trend of “on-device AI,” or artificial intelligence operating within the device. The emergence of devices equipped with this technology is injec