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
A high-power (120kV, 60kW) electron-beam welding system has been developed for the first time in the country, paving the way to the domestic production of a local vacuum high-power electron-beam welding system, the key equipment for the welding of small modular reactors (SMRs).For the first time in
While domestic demand including consumption continues to remain weak, exports, which have been driving up Korea’s economic recovery, are also facing a threat on the account of a slump in exports to China. Exports to China grew by more than 16 percent in January this year, snapping a 19-month streak
In February, automobile exports, production, and domestic sales declined from the same month of 2023 and the previous month of January.The descent was attributable to a slowdown in the growth of electric vehicle sales in both the Korean and overseas markets, as well as a drop in production and shipp
While major countries such as the United States, Japan, and the European Union (EU) are rushing to provide subsidies for semiconductors, there are growing voices that Korea will lose the global semiconductor war if it does not subsidize Korean companies such as Samsung Electronics and SK hynix, citi
POSCO Group, which is about to see the inauguration of its new chairman, has been accused of nominating inappropriate outside directors to its holding company, POSCO Holdings, and its affiliates.“After reviewing the agendas for the shareholders’ meetings of POSCO affiliates, many of the candidates f
The trade conflict between the U.S. and China has spilled over into the shipbuilding industry and Korean shipbuilders that compete with China for the No. 1 spot in the global shipbuilding market are expected to benefit from this situation.According to industry sources, the U.S. Trade Representative
It is forecast that both the economically active population and the employed population will enter a declining trend starting from 2028. To sustain economic growth, it is analyzed that an additional workforce of up to 900,000 people will be needed by 2032.On March 19, the Korea Employment Informatio
Thanks to the government’s Value-Up program, high-dividend and low price-to-book ratio (PBR) stocks are garnering attention. However, some large-cap stocks are still sticking to their non-dividend policies, leading to increasing discontent among shareholders.According to the Korea Exchange on March
It has been reported that a Korean strategic investor (SI) is considering acquiring Callaway, one of the world’s top three golf brands.According to investment banking (IB) industry sources on March 19, major shareholders such as BlackRock Advisors LLC have selected a sales manager and are pushing fo
The online stock trading platform Webull, which is gaining popularity among global individual investors based on its commission-free policy, is entering the domestic securities market in Korea. Consequently, there are concerns that individual investors who currently invest in the U.S. stock market t
As the Bank of Japan (BOJ) has embarked on its first interest rate hike in 17 years, it is anticipated that the strengthening of the yen due to the lifting of Japan’s negative interest rates could have a positive impact on domestic exports such as semiconductors, automobiles, and shipbuilding. Howev
HD Hyundai, the intermediate holding company for shipbuilding of HD Korea Shipbuilding & Offshore Engineering [009540], announced on March 18 that it has recently signed a construction contract for three ammonia carriers (VLAC) with an Oceanian shipping company. The total order amount is 490 billion
The Korea National Railway announced that it has successfully hosted the “Korea-Vietnam High-speed Railway Technology Exchange” on March 19, with the visit of the Vietnam Ministry of Transport Technical Survey Team to its Daejeon headquarters.The Korea-Vietnam High-Speed Railway Technology Exchange
Samsung Electronics is embarking on the development of next-generation Artificial General Intelligence (AGI)-dedicated semiconductors through its recently established AGI Computing Lab.Kyung Kye-hyun, president of Samsung Electronics’ Device Solutions Division, expressed his excitement on his social
Patent applications originating from the Republic of Korea at the European Patent Office (EPO) grew by 21% last year, according to the EPO’s Patent Index 2023 published today. This was the highest growth rate among the 20 leading innovating countries, and more than five times the average growth at t
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
Despite the battery industry’s active efforts to recruit talent, it continues to face challenges with labor shortages. As a result, “smart factories,” which promise to solve these labor issues while also enhancing production efficiency, are gaining attention.According to industry sources on March 18
India, the world’s third-largest automobile market, is expected to emerge as an electric vehicle battleground after the United States and Europe. This is because the Indian government, which has been sticking to high tariff barriers, has launched a drastic tariff reduction policy to attract global e
Samsung Electronics has failed to resolve wage negotiations again this year, signaling another round of union risks.The Nationwide Samsung Electronics Workers’ Union, the largest union at Samsung Electronics, announced on March 18 that it formed a labor dispute committee and will start a labor strug