South Korean defense industry firms have entered into a second-stage weapons export contract with Poland worth 30 trillion won (US$22.12 billion). This would elevate South Korea to the fourth-largest defense industry exporter worldwide in one go. However, the finalization of the contract, which was
According to industry sources on Oct. 17, SK hynix recently collaborated with the data processing platform company HazelCast to publish a white paper on the application of Compute Express Link (CXL) technology.SK hynix has revealed empirical results indicating that by using the next-generation CXL m
As the global aviation industry accelerates its efforts to introduce Sustainable Aviation Fuels (SAF) for carbon emission reduction, it appears that no South Korean airport has made it onto the list of “SAF-supplying Airports” designated by the International Civil Aviation Organization (ICAO). Conce
Just last month, a substantial amount of approximately 11 trillion won (US$8.14 billion) in Korean won was withdrawn from the U.S. dollar deposits of the top five domestic commercial banks. It is analyzed that people exchanged dollars for won to capitalize on exchange rate differentials with the won
The Korea International Trade Association (KITA) announced on Oct. 16 that it held a Rebuild Ukraine Business Dialogue in Warsaw, Poland, in collaboration with the Ukrainian Chamber of Commerce and Industry and the Korea-Ukraine New Building Association (KUNBA).The event was held to discuss ways to
Airbus SE has once again emphasized its commitment to establishing a Research and Development (R&D) center in South Korea. It has been confirmed that the aerospace giant plans to supply over 60 aircraft to domestic airlines in the near future.Speaking at a press conference on Oct. 16 at the Lotte Ho
Korea Shipbuilding & Offshore Engineering announced on Oct. 16 that it has decided to equip two 45,000㎥ medium-sized LPG carriers, which the Belgian shipping company Exmar had ordered in March, with ammonia dual-fuel engines.The ammonia-propelled LPG carriers, with dimensions of 190 m in length, 30.
The North Gyeongsang Province Government announced on Oct. 15 that a North Gyeongsang Province economic mission to the United States, including Governor Lee Chul-woo, visited the headquarters of Overair, an urban air mobility (UAM) company based in California, on Oct. 13 (local time).The economic de
Korea Hydro & Nuclear Power (KHNP) inked a consortium agreement on Oct. 12 with Romania’s nuclear agency, SNN, based in Bucharest, along with Canada’s Candu Energy and Italy’s Ansaldo Nucleare, to collaboratively undertake the equipment improvement project for Romania’s Cernavoda Unit 1.The project,
KT has set its sights on extending the wireless quantum encrypted communication data transmission range from the current 2 km to 10 km by next year. Achieving lossless data exchange up to a distance of 10 km, from the ground to the stratosphere, could significantly reduce the potential hacking threa
Huawei kicked off the 14th Global Mobile Broadband Forum in Dubai, UAE. Li Peng, Huawei's President of Carrier BG, delivered a keynote at the event. In his speech, Li called on global carriers and industry partners to rise to the occasion, address increasing demands on networks, and make the most of
Semiconductor equipment companies are accelerating their research and development (R&D) efforts in tandem with the commercialization of equipment for High Bandwidth Memory (HBM) processes, which is a next-generation memory semiconductor.According to industry sources on Oct. 11, Hanmi Semiconductor r
On Oct. 11, Hyundai Rotem announced that it had received a pamphlet from the local government of Ukraine, expressing gratitude for the pivotal role their railway vehicles played in safely evacuating war refugees.The top right of the pamphlet reads, “Hyundai trains became one of the lifelines for Ukr
As the U.S. marks one year since the implementation of the Inflation Reduction Act (IRA), sales of eco-friendly South Korean cars in the U.S. have reached an all-time high, securing the industry’s second-highest market share. This development contrasts sharply with concerns raised last August that K
The U.S. Congressional Research Service (CRS) has pointed out that the U.S. sanctions on 28-nm semiconductors have a strategic hole. There are also reports that large U.S. semiconductor manufacturers are lukewarm about cooperating with U.S. authorities, giving the United States unexpected difficulti
Pulmuone announced on Oct. 5 that it has signed a strategic partnership agreement with BlueNalu, an innovative food company that cultivates fish cells to produce seafood.To drive a sustainable future food business, Pulmuone had previously inked a business agreement concerning cell-cultured seafood w
IonQ, a leader in the quantum computing industry, unveiled two new systems that aim to arm enterprises with the right hardware for achieving commercial advantage: IonQ Forte Enterprise and IonQ Tempo. The two rack-mounted solutions are designed for businesses and governments wanting to integrate qua
Korea’s battery industry is rapidly advancing its technological development towards the commercialization of solid-state batteries, the next generation of cells. By replacing the liquid electrolytes traditionally used between the cathode and anode with solid materials, these batteries promise unpara
Samsung Electronics is joining hands with Jim Keller, often referred to as the “legend of semiconductor design,” and his company Tenstorrent, to produce advanced AI semiconductors at its Taylor Foundry in the United States. The move signifies Samsung’s accelerated efforts to collaborate with both do
Samsung Electronics and KDDI today announced the companies have signed a Memorandum of Understanding (MOU) to form a 5G Global Network Slicing Alliance. Through this new alliance, the companies will work together to introduce an array of commercial 5G network slicing services and assess new business