Samsung Electronics, Apple, and Xiaomi are expected to heat up competition in the Indian smartphone market in 2022.Smartphone shipments hit 169 million units in India in 2021, said Counterpoint Research, a market research company, on Feb. 9. India ranked second after China (323 million units). Smart
SK Bioscience has started to ship the Novavax COVID-19 vaccine. The company announced on Feb. 9 that it began shipping pre-filled syringes of Nuvaxovid, Korea’s first synthetic antigen COVID-19 vaccine, from L House in Andong, North Gyeongsang Province. The Korean drugmaker is scheduled to ship abou
The United States has ended its steel tariff disputes with Japan as well as the European Union. Steel exports from the two regions to the United States are expected to increase, adversely affecting South Korean steelmakers.According to Reuters, the United States will apply a zero tariff to Japanese
Technology competition is heating up among global chipmakers to become the first company to mass produce 200-layer NAND flash memory chips.Samsung Electronics will unveil 8th-generation NAND flashes with 200 or more layers at the end of 2022. Industry insiders believe that Samsung has already secure
Samsung Electronics maintained its No. 1 position in the European smartphone market in 2021. But it went through tougher competition with Apple of the United States and Xiaomi of China, losing its lead four times in the monthly sales standings.Samsung Electronics maintained its top spot with a 32 pe
SK Telecom (SKT) has joined hands with Joby Aviation of the United States to introduce emissions-free aerial ride-sharing services to cities and communities across South Korea.Joby Aviation is a California-based company developing an all-electric, five-seat aircraft that can take off and land vertic
Samsung SDI has voluntarily initiated a recall of its batteries for electric vehicles in the United States after confirming defects in battery modules.The company submitted a plan to recall high-voltage batteries for plug-in hybrid electric vehicles (PHEVs) of U.S. carmakers Ford and Stellantis to t
The European Commission finalized the EU taxonomy on Feb. 2 in order to classify investment in nuclear power generation and natural gas-based power generation as an eco-friendly and sustainable way of investment.Earlier, the European Commission sent the draft of the taxonomy to the 27 member states
Experts point out that the National Cyber Security Act, which is pending in the National Assembly, will undermine the information and communication technology industry of South Korea when enacted.At present, the National Cyber Security Center of the National Intelligence Service (NIS) is in charge o
LG Energy Solution and General Motors (GM) plan to build their fourth joint venture battery plant in the United States this year.At an earnings conference call for the fourth quarter of 2021 on Feb. 1 (local time), GM chairwoman Mary Barra said that GM and LG Energy Solution will soon announce a pla
Utah Associated Municipal Power Systems (UAMPS) announced on Feb. 1 that it completed a construction site assessment in Idaho with regard to NuScale Power’s small modular reactor (SMR) project. UAMPS is planning to submit an application for SMR construction and operation to the Nuclear Regulatory Co
Weapons exports from South Korea are increasing at a rapid pace. The annual exports, which stood at US$1.7 billion in 2018, US$1.6 billion in 2019, and US$3 billion in 2020, jumped to US$7 billion last year, already reached US$5 billion this year, and are expected to reach US$10 billion, the fifth-l
With tensions escalating between Russia and Ukraine, the United States and Europe are considering supplying more LNG to Europe by reducing supply to LNG importing countries in Asia, including Japan, South Korea and India.At present, Europe’s degree of dependence on Russian natural gas amounts to 40
Samsung Electronics and Apple will join the budget 5G phone market in 2022.The 5G smartphone market grew 121 percent on year in the third quarter of 2021, said Counterpoint Research, a global market research company, on Feb. 2.China's Realme, which focuses on mid- to low-end smartphones, enjoyed
The Korean Intellectual Property Office announced on Feb. 2 that a total of 31,567 patent applications related to immersive content were made from 2000 to 2020 in the United States, South Korea, Japan, Europe and China and the average annual increase in the number of such patent applications has bee
The Ministry of Trade, Industry and Energy and the Korea Customs Service announced on Feb. 2 that South Korea’s exports totaled US$55.32 billion with a year-on-year increase of 15.2 percent last month, when its imports increased 35.5 percent year on year to US$60.21 billion.Last month, the trade def
The Ministry of Trade, Industry and Energy announced on Feb. 1 that South Korea’s exports totaled US$55.32 billion in January this year, up 15.2 percent from a year ago, and the figure is the first January figure in history that is over US$50 billion.Last month, South Korea’s semiconductor exports a
George Mason University Korea (Mason Korea) announced on Jan. 27 that it has signed a memorandum of understanding (MOU) with the Korea Data Agency (K-DATA) to strengthen cooperation in various areas, including providing internships at data companies and faculty-led business consultation.Through this
The U.S. Department of Commerce released a report on global semiconductor shortage on Jan. 25 based on data previously submitted by 150 semiconductor companies.“The shortage caused by COVID-19 and the resultant supply-demand imbalance is likely to continue for a while, and we are planning to conduct
Samsung Electronics’ new air purifier model, Bespoke Cube Air, has recently obtained marketing clearance (510k, Class 2) from the U.S. Food and Drug Administration (FDA).The company submitted a premarket notification on its new air purifier to the FDA in October 2021 and received an order a month la