Mubadala Investment, the largest sovereign fund in the Middle East, has announced its investment in Osstem Implant, South Korea’s leading dental implant material manufacturer, in collaboration with MBK Partners and Unison Capital.Established in 2002 by Abu Dhabi, Mubadala is a state-owned investment
AI fabless semiconductor startup rebellions is stepping into a joint semiconductor development partnership with Samsung Electronics.rebellions announced on Oct. 5 that they have agreed to co-develop a next-generation semiconductor named Rebel, specialized for super large language models (LLM) like G
A new technology for robot wheelchairs, which helps persons with lower-limb disabilities go up and down the stairs and move while staying standing, has been developed for the first time in the world.The Korea Institute of Machinery and Materials (President Sang-jin Park, hereinafter referred to as K
In a move seen as a counter to Apple’s upcoming pre-sale of the iPhone 15 series in South Korea on Oct. 6, Samsung Electronics has unveiled its Galaxy Fan Edition (FE) series after a two-year hiatus.On Oct. 4, Samsung Electronics announced the launch of its new Galaxy FE lineup comprising Galaxy S23
The author is an analyst for NH Investment & Securities. He can be reached at kyuha.lee@nhqv.com -- Ed.Meta Platforms has unveiled its new XR product, the Meta Quest 3. Although hardware and software improvements have been made, the device remains reasonably priced. Sales are expected to be strong.M
Korea Gas Corp. (KOGAS) lost nearly US$200 billion over four years due to defects in Korean-type tanks for liquefied natural gas (LNG) carriers it had developed with Korean shipbuilders. This is because Korean shipbuilders developed a tank for LNG carriers but a quality issue has prevented them from
The inaugural Seoul Smart City Prize winners received their awards from the World Smart Sustainable Cities Organization (WeGO) during a ceremony at Dongdaemun Design Plaza on Monday, Sept. 25.Odense and Wellington were the top cities recognized, alongside the mayors of Dhaka South City Corporation a
At its "F5G Evolution, Bringing Intelligence Everywhere" Summit held during HUAWEI CONNECT 2023, Huawei shared its F5G application practices with global customers and partners in industries spanning electric power, education, real estate, manufacturing, and healthcare. Furthermore, it launched a var
SK telecom is joining forces with global urban air mobility (UAM) aircraft manufacturer Joby Aviation to commercialize UAM in South Korea.On Sept. 20, at the SK T-Tower, SK telecom revealed that it has signed a cooperation agreement with Joby for the Korean Urban Air Mobility Pilot Project (K-UAM Gr
Seoul Metropolitan Government (SMG) and the World Smart Sustainable Cities Organization (WeGO) will award the inaugural Seoul Smart City Prize on Monday, Sept. 25.Established this year by WeGO and SMG, the prize aims to promote human-centered smart city initiatives. It recognizes efforts by city gov
Hanwha Ocean announced on Sept. 21 that they recently signed a Joint Industry Project (JIP) agreement with Greece’s Ecolog, the American ship classification entity ABS, and Scotland’s Babcock LGE to develop a 40,000㎥ class large liquefied carbon dioxide (LCO2) carrier vessel. Through this agreement,
The Korea Fair Trade Commission (KFTC) has punished U.S. semiconductor company Broadcom for allegedly forcing Samsung Electronics to sign a long-term contract to purchase parts for smartphones.The Korean market watchdog announced on Sept. 21 that it has decided to slap a fine of 19.1 billion won (US
Intel, which has declared its ambition to surpass Samsung Electronics and claim the second spot in the foundry, or semiconductor contract manufacturing, industry next year, showcased its technological prowess by unveiling its first-ever 18A wafer prototype in the 1.8-nanometer (nm) range, demonstrat
LG Electronics and Samsung Electronics have been recognized by American consumers as the most satisfactory brands in the TV, home appliance, and PC sectors. However, the brand satisfaction of Chinese manufacturers has seen a rapid rise recently, reducing the gap with these market leaders.According t
HJWave, a specialized RF company in the field of millimeter-wave autonomous driving (mmWave, 30-300GHz), announced on Sept. 1 that they have launched the DWnT radar antenna solution applicable to the RF MMIC DF (Direct Feeding) coupling method that supports autonomous driving.The DWnT (Double Wide a
KEPCO KPS, led by CEO Kim Hong-yeon, has secured a power plant maintenance contract in South Africa valued at approximately 850 billion won.KEPCO KPS signed an agreement to maintain 16 thermal and nuclear power stations owned by South Africa's electricity company, ESKOM, at a sum of 848 billion won.
Samsung Biologics (KRX: 207940.KS) announced today a new agreement with Bristol Myers Squibb (NYSE: BMY) for large-scale manufacturing of a Bristol Myers Squibb commercial antibody cancer drug substance.Bristol Myers Squibb and Samsung Biologics have an existing manufacturing agreement for a commerc
SK telecom signed a memorandum of understanding (MOU) with the Seoul Veterinary Medical Association (SVMA) to expand healthcare for pets using artificial intelligence (AI) on Sept. 15.SK telecom and the Seoul Veterinary Medical Association will cooperate to establish an AI-based pet care system by s
Last year, South Korea’s private debt growth rate relative to its gross domestic product (GDP) was reported to be the highest in the world. While households and businesses are reducing their debt in most countries in the aftermath of COVID-19, South Korea is drawing attention for moving in the oppos
The Korea Atomic Energy Research Institute (KAERI) announced on Sept. 14 that it has developed a process to mass-produce bentonite, a high-quality material used to dispose of spent nuclear fuel. “If this material is supplied domestically through a localized process, it will save the Korean economy a