The LG AI Research Institute held an online talk show and concert to mark the first anniversary of its establishment on Dec. 14. During the event, the lab unveiled EXAONE, a super-giant AI program. Researchers at the lab created EXAONE by making an excellent Korean AI learn the world’s largest amoun
Coway Co announced on Dec. 15 that it will showcase its latest environmental home appliance innovations at the Consumer Electronics Show (CES) in January 2022. Coway invites CES 2022 attendees to the Venetian Expo, booth #52509, in Las Vegas, United States. Audiences can also visit the virtual ‘CES
Hanwha Defense will export about 930 billion won worth of the K-9 Thunder, the world's most advanced self-propelled howitzer, to Australia.The company has recently signed a final contract with the Australian Army, which came a year and three months after it was selected as a preferred bidder in
The Ministry of Trade, Industry and Energy announced on Dec. 13 that South Korea’ exports totaled US$583.8 billion for the first 11 months of this year, up 26.6 percent from a year ago.“For the first three quarters of this year, its exports increased 26.2 percent year on year,” it said, adding, “In
Samsung Electronics has recently launched a robot business team to promote commercialization of home robots in earnest. It plans to roll out products as soon as possible, and large-scale investments in related businesses are also expected.The company has recently upgraded a task force for robot comm
The Ministry of Economy and Finance held a meeting on Dec. 13 to discuss the positive and negative effects of South Korea’s membership in the Comprehensive and Progressive Agreement for Trans-Pacific Partnership.The South Korean government officially announced at the meeting that South Korea wishes
Ookla conducted tests in 24 countries in the third quarter of this year and announced on speedtest.net that South Korea recorded an average of 80.4 percent when it comes to how long a 4K mobile video maintains the 4K video quality during the entire playback.South Korea came in first, followed by Swi
South Korean enterprises’ concerns are mounting as the United States is putting pressure on its allies in trying to curb China’s influence on global supply chains.Both Samsung Electronics and SK Hynix are beefing up their semiconductor divisions in the United States. This is because the United State
Sony, the world’s No. 1 image sensor maker, is joining hands with Qualcomm and TSMC to keep Samsung Electronics, which is expanding its market share, in check. Sony and Qualcomm are planning to establish a joint camera research lab in San Diego of the United States. San Diego is home to Qualcomm'
The Korea Enterprises Federation said in its report on Dec. 12 that South Korea is more reliant than G7 states on certain export and import items and certain exporting and importing countries.“Hirschman-Herfindahl indices indicate that South Korea's dependence on certain export items such as sem
The Federation of Korean Industries said in its report on Dec. 12 that South Korea’s hydrogen technologies are not the best in the world.“In the period of 2014 to 2020, South Korea came in fifth in terms of the number of relevant patents, behind China, the United States, the European Union and Japan
Market research firm Euromonitor International said on Dec. 10 that the global luxury goods market grew 13.3 percent to US$349.559 billion this year.According to the firm, the U.S. market reached US$70.4 billion, followed by Canada (US$58.1 billion), Japan (US$28.1 billion), France (US$20.5 billion)
The Born2Global Center participated in the third Global Innovative Growth Forum (GIGF), which was held on Dec. 8 and 9, and introduced innovative South Korean and Latin American startups’ joint ventures. GIGF 2021 was co-hosted by World Bank and the Ministry of Economy & Finance of Korea to address
LG Energy Solution and General Motors (GM) of the United States are considering investing US$2 billion to build their third joint venture battery cell plant in the U.S. state of Michigan, the Wall Street Journal (WSJ) reported on Dec. 10.Earlier, the two companies established Ultium Cells and are bu
Kia Corp. will break up with its joint venture partner in China, Dongfeng Motor Corp., after 20 years of partnership.Dongfeng Motor, one of China’s four major state-run automobile groups, is producing automobiles in China under the Dongfeng Yueda Kia brand. Dongfeng Yueda Kia is a three-way joint ve
Startup Alliance Korea said on Dec. 9 that this year’s domestic startup investment is expected to exceed 20 trillion won.Last year, the investment was approximately 11.6 trillion won, consisting of 9.0815 trillion won from the government and domestic investment companies and 2.5 trillion won or so f
Hyundai Motor Co. plans to invest US$530 million by 2028 to launch six electric car models in India, a market where the company is No. 2 player.“We want to be a key contributor to the electric vehicle story in India,” said Tarun Garg, director of sales and marketing for Hyundai Motor India, Hyundai
Korea is ranked fifth in the world in terms of digital potential, the Nihon Keizai Shimbun (Nikkei) reported on Dec. 7, quoting a survey conducted by the Japan Center for Economic Research (JCER).The survey selected Korea as a leading country in digital transformation (DX), which will determine econ
Kia Corp.’s global sales are expected to surpass 2.8 million units in 2021, a level that falls short of its annual target of 2.92 million units but is close to its performance in 2018 before the outbreak of COVID-19.The company sold 2,570,478 units in the first 11 months of this year. Domestic sales
SK Group chairman Chey Tae-won hosted the Trans-Pacific Dialogue on Dec. 6 at the Salamander Resort near Washington, D.C. There, he said that South Korea, the United States and Japan need to respond together to global issues such as supply chain setbacks, climate change, nuclear weapons in the Korea