A Korea-U.S. research team has developed artificial intelligence-based radar to cope with the drone threat from North Korea. The radar is powerful enough to detect an ultra-small drone over three kilometers away.The Daegu Gyeongbuk Institute of Science and Technology (DGIST) announced on July 16 tha

JW Holdings announced on July 16 that it has won a patent in EU for its source technology for a “multi-biomarker diagnostic kit” that can detect pancreatic cancer during its early stages with a simple blood test.The company said its technology is an innovative diagnostic platform that helps detect p

An increasing number of South Korean companies are making a direct investment in overseas autonomous driving technology companies.ESMO Co., a South Korean wiring harness producer, made a 26.30 billion won (US$22.32 million) investment in France-based self-driving car developer Navya on July 1, accor

Suspicions have been raised that a former Korea Hydro & Nuclear Power (KHNP) employee leaked more than 2,300 copies of confidential data related to the Shingori nuclear power plant in order to get a new job abroad.According to Liberty Korea Party lawmaker Park Dae-chul, who is a member of the Scienc

Dong-A ST Co. are stepping up efforts to develop new drugs. The company has developed four new homegrown treatments and has been investing 10 percent of its sales in research and development (R&D) every year to achieve its goal to become a leading company with globally sold new medicines.The company

GS Group is joining hands with Lotte Chemical Corp. to strengthen its petrochemical business. Lotte Chemical is partnering with GS Group in addition to Hyundai Oilbank Co. to secure a stable supply of petrochemical compounds.GS Energy Corp. announced on July 15 that it has agreed with Lotte Chemical

A prospect has been made that the manufacturing industry, the mainstay of the Korean economy, will face more difficulties in the third quarter of this year. Considering Japan's export restriction measures, the Korean manufacturing industry may feel less confident.On July 14, the Korea Institute

South Korean shipbuilders are leading the ultra large containership market as well as liquefied natural gas (LNG) carrier.Daewoo Shipbuilding and Marine Engineering Co. (DSME) is planning to deliver one of five 23,000 TEU containerships ordered by Swiss-based shipping line Mediterranean Shipping Co.

Early last month, the United States International Trade Commission (USITC) initiated an investigation targeting four auto parts importers at the request of Hyundai Motor Co. and Hyundai Motor America. Hyundai claimed in May that unauthorized auto parts were imported into the United States in violati

South Korean biotech venture companies are focusing their research and development (R&D) on metabolism-based anti-cancer drugs, which are called fourth-generation cancer treatments. Since the development of metabolism-based cancer treatments is a virgin territory even for multinational pharmaceutica

Many South Korean companies are having a hard time formulating their business strategies for the second half of this year. This is because the U.S.-China trade war is ongoing, both exports and domestic consumption are sluggish, and Japan’s economic retaliation is adding to their difficulties.Earlier

Samsung Electronics is concerned over how to operate its foundry facilities, which are the core of its non-memory chip business, with the Japanese government restricting exports of photoresists for use in extreme ultraviolet (EUV) lithography, which constitute the center of the company’s foundry bus

Hyundai Mobis unveiled a Robo Taxi in Moscow, Russia on July 11. The self-driving taxi was based on a fully autonomous mobile platform developed jointly with Yandex, Russia's largest internet portal operator. The driverless taxi is the first major achievement of the two companies since they sign

LG Chem is considering building a second battery plant in the United States after the first one in Michigan. The company is expected to make a decision on the matter soon in light of its large order backlog.Reuters reported on July 11 that LG Chem was considering investing about US$1.7 billion to bu

Korea Gas Corp. (KOGAS) announced on July 10 that it has successfully issued sustainable bonds worth US$500 million.This marked the first time that KOGAS issued sustainable bonds. KOGAS became the first state-run corporations to issue 10-year environmental, social and governance (ESG) bonds. ESG bon

Hyundai Engineering and Construction (E&C) announced on July 10 that it has signed US$2.7 billion contracts with Saudi Aramco to execute Package 6 and Package 12 of the Marjan Development Program.A contract signing ceremony was held at the Saudi Aramco Dharan Office in Saudi Arabia on July 8 with th

Hyundai Motor Co. has moved up the start of its volume production of autonomous vehicles to 2024, around the time when Mercedes, BMW and other global automakers are expected to begin mass production of self-driving cars.Hyundai Motor plans to introduce sophisticated autonomous driving technology tha

South Korea’s direct investment in Japan came to 317 billion won (US$268.30 million) in the first quarter of this year, up 42 percent, or 95 billion won (US$80.41 million), from a year earlier.South Korean companies invested 25.90 billion won (US$22.01 million) in January, 49.50 billion won (US$42.0

The Hi-Touch Marine and Stationary Engine (HiMSEN Engine) developed by Hyundai Heavy Industries has entered the Indian nuclear power plant market.Hyundai Heavy Industries said on July 9 that it has recently signed an agreement with India's privately-owned power company Powerica to supply an emer

Korean shipbuilders took first place for two consecutive months in June by landing half of the global shipbuilding orders.Global shipbuilding orders totaled 660,000 CGTs or 18 vessels in June, according to Clarkson Research, a U.K. analyst of the shipbuilding industry, on July 9. Korea accounted for