Korea Water Resources Corporation (K-water) signed a business agreement with three companies – Plug Power, SK E&S and SK Plug Hyverse – in Albany, New York in the United States on Nov. 3 (local time) to expand the use of green hydrogen and rev up the industry.The agreement was signed to accelerate t
Chong Kun Dang announced on Nov. 6 that it has entered into a technology export agreement with Novartis worth US$1.305 billion for its new drug candidate CKD-510.Under the agreement, Novartis obtains exclusive rights outside of South Korea for the development and commercialization of CKD-510, a low-
The author is an analyst for NH Investment & Securities. He can be reached at minwoo.ju@nhqv.com -- Ed.Affected by delays in EV and battery production amid slowing downstream demand, there are short-term uncertainties in play toward SKIET’s plans for operating new plants in Poland and the US. Accord
Korea Hydro & Nuclear Power (KHNP) submitted its final bidding documents for participation in the new nuclear power plant construction project to ČEZ’s subsidiary Elektrárna Dukovany II (EDU II) on March 31. The Czech government runs ČEZ.The project is to build one 1,200 MW nuclear power plant in th
According to data obtained from the Financial Supervisory Service by Rep. Seo Beom-soo, a member of the National Assembly’s Land, Infrastructure, and Transport Committee, on Nov. 1, the outstanding balance of housing mortgage loans for foreigners, offered by the four major commercial banks -- KB Koo
HD Hyundai Oilbank announced on Oct. 31 that they have signed contracts to purchase approximately 40,000 tons of Palm Fatty Acid Distillates (PFAD) each year from the Korindo Group and LX International, totaling around 80,000 tons.Ahead of the commercial operation of a biodiesel plant with an annual
ENEOS Corporation (Representative Director and President: Takeshi Saito, “ENEOS”) and SK Innovation Co., Ltd (Vice Chairman & CEO: Kim Jun; “SK Innovation”), along with multiple subsidiaries of SK Innovation, announced today a conclusion of Memorandum of Understanding (“MOU”) designed to consider co
South Korea has set an ambitious goal to rise alongside the United States and China as one of the top three powerhouses in the global energy storage system (ESS) industry by 2036. The nation plans to capture 35% of the rapidly growing global ESS market, aiming to revitalize its currently stagnant do
Founded in 1977, Hanwha Aerospace has become a leading company in the aerospace industry in South Korea. Today, its products serve not only aerospace but also the defense and marine sectors. With an unwavering focus on customer-centric quality management, technological innovation, and product compet
The author is an analyst for NH Investment & Securities. He can be reached at pk.park@nhqv.com -- Ed.Samsung Biologics’ separate 3Q23 OP surprised at W381.6bn, thanks to the ramp-up of plant #4 and improved efficiency and approval timing for batch orders. Now that the firm has reached a reason valua
Hyundai Steel will build a third-generation steel plate production facility in preparation for the era of electrification and establish a subsidiary specializing in steel pipes, Hyundai Steel Pipe, to secure a future growth driver.The company took the wraps off the blueprints through its third-quart
Daewoo E&C announced on Oct. 25 that it is promoting its entry into the Eastern European nuclear power plant market in earnest.Demand for nuclear power generation has been growing again in Europe recently due to energy price uncertainties, increasing orders of nuclear power plants and related fields
ST PHARM, a subsidiary of the Dong-A Socio Group, announced on Oct. 25 that its Oligo manufacturing facility, Banwol Campus, has successfully passed its regular Current Good Manufacturing Practices (cGMP) inspection conducted by the U.S. Food and Drug Administration (FDA). The company has also recei
Korean companies facing patent infringement issues with global IT giants will band together to fight back. Their idea is to raise money for legal fees through a securities token offering (STO) system and return it to STO investors if they win a patent infringement lawsuit and receive compensation.Ac
Generative artificial intelligence (AI), a major buzzword this year, is expected to dominate the smartphone market next year.Samsung Electronics is predicted to unveil its Galaxy S24 series, incorporating generative AI, early next year. The company is also expected to strengthen collaborations with
On Oct. 22, KT announced a collaboration with Thailand’s leading ICT company, Jasmine Group, to utilize KT’s “Mi:dm” super-scale AI for the construction of a Thai Large Language Model (LLM) and joint commercialization in Southeast Asia. This marks the first time a domestically produced super-scale A
SK bioscience, an innovative vaccine and biotech company committed to promoting human health from prevention to cure, announced on the 20th that the application of the updated Novavax COVID-19 vaccine (NVX-CoV2601), developed by Novavax, a global company advancing protein-based vaccines with its Mat
Hanwha Aerospace announced on Oct. 19 that it has signed a component contract worth approximately 235.6 billion won (US$174.4 million) with Vertical Aerospace (VA), a global urban air mobility (UAM) company, at Seoul ADEX 2023.Under this agreement, Hanwha Aerospace will supply its Tilting & Blade Pi
Hyundai Motor Group will apply all-solid-state batteries considered a next-generation innovative battery to its major electric vehicle models in 2030 at the latest. All-solid-state batteries have higher energy density than lithium-ion batteries currently in use, allowing for longer driving distances
Korea Aerospace Industries (KAI) will collaborate with Lockheed Martin-Sikorsky on a project to build a new large maneuvers helicopter for the Korean military’s special forces. Sikorsky is a subsidiary of Lockheed Martin that specializes in rotorcraft manufacturing.KAI announced on Oct. 18 that it s