The government has set a goal to expand the K-Robot market to a scale of 20 trillion won by 2030 as the future growth engine. A combined investment of over 3 trillion won from both public and private sectors is planned with the objective of deploying one million robots across various industries, inc
With Cho Hyun-sik, the advisor of Hankook & Company and the eldest son of the tire maker’s honorary chairman, preparing to take over the leadership in collaboration with MBK Partners, Cho Yang-rae, the honorary chairman of Hankook & Company, is once again offering support to Chairman Cho Hyun-bum, t
POSCO Holdings has succeeded in localizing electrodialysis membranes, a key component for lithium extraction, with a small but promising Korean company.On Dec. 14, POSCO Holdings and WSK announced that they signed a business agreement to jointly develop electrodialysis membranes for lithium producti
Flitto (CEO Simon Lee, KOSDAQ 300080), a leading language data and translation service provider, announced on the 14th that it had discussions on plans to collaborate on AI technology with three emerging AI startups representing the ASEAN region at its Seoul headquarters on the 12th.The three ASEAN
LG Chem announced on Dec. 13 that it will hold a groundbreaking ceremony for the largest anode material factory in North America on Dec. 19 in Clarksville, Tennessee. This comes 13 months after signing a memorandum of understanding (MOU) with the state of Tennessee for the construction of the anode
Samsung Electronics and Dutch semiconductor equipment company ASML are set to invest a total of 700 million euros to build a future semiconductor technology research and development (R&D) center in South Korea. The center’s primary goal is to develop ultra-fine manufacturing processes and necessary
HD Hyundai Vice Chairman Chung Ki-sun met with the Saudi Arabian Minister of Industry and Mineral Resources to discuss strengthening business cooperation with Saudi Arabia.On Dec. 13, Vice Chairman Chung met with H.E. Bandar Ibrahim Alkhorayef, Saudi Minister of Industry and Mineral Resources, and H
Offshore plants, the main cause of the shipbuilding industry’s prolonged recession, are making a comeback. Demand for offshore plants is changing from oil to eco-friendly energy such as offshore wind power and liquefied natural gas (LNG). It is expected to become a new growth driver for Korean shipb
LS Group has signed a memorandum of understanding (MOU) with Saudi Arabia, the world’s leading oil exporter, for business cooperation and market entry.On Dec. 12, LS Group Chairman Koo Ja-eun met with Saudi Arabian Minister of Industry and Mineral Resources Bandar Ibrahim Alkhorayef and CEO of the I
Answering AI startup 42Maru (CEO D.K Donghwan KIM) announced that it has signed agreements in the areas of Generative AI services and Hyper-scale AI during a state visit economic delegation to the United Kingdom.During President Yoon Suk Yeol's state visit to the United Kingdom from November 21st to
SK Group Chairman Chey Tae-won has not stopped his overseas business travels, going to the United States and Europe towards the end of the year in December.The SK chairman visited SK hynix America in San Jose and three affiliates and investors, including Gauss Labs and Lunar Energy, in the United St
Korean battery manufacturers are focusing on silicon anode materials as a key strategy to reduce dependence on Chinese graphite, a major weakness of K-batteries. This next-generation material is estimated to have an energy density about 10 times higher than the graphite-based anode materials current
As the Foreign Entity of Concern (FEOC) regulation under the U.S. Inflation Reduction Act (IRA) is set to be implemented from Jan. 1 next year, the potential benefits for domestic battery material companies are drawing attention.On Dec. 11, the battery material industry is closely monitoring the pos
LG U+ announced on Dec. 11 that it has signed a memorandum of understanding (MOU) with Korea Toyota Motor Corporation to develop membership services and install chargers for expanding the domestic electric vehicle (EV) charging infrastructure.As part of this agreement, both companies will develop ne
Poland, on the brink of a regime change for the first time in eight years, faces concerns that defense equipment contracts signed with South Korea could be nullified following the general elections in October.According to Reuters on Dec. 10 (local time), Simon Holownia, a member of the opposition al
Domestic battery companies are groaning under the unreasonable demands of global automotive brands. The automotive companies, both customers and joint venture (JV) partners of the battery industry, are intensifying their oppressive tactics as the demand for electric vehicles slows down. This trend o
SK bioscience, a global innovative vaccine and biotech company committed to promoting human health from prevention to cure, announced today that SK bioscience and Sanofi have initiated the submission process of an Investigational New Drug(IND) amendment to the U.S. Food and Drug Administration(FDA)
LG Energy Solution has successfully developed next-generation battery technology that enables a driving range of 900 kilometers on a single charge.On Dec. 7, a joint research team from LG Energy Solution and the Korea Advanced Institute of Science and Technology (KAIST) announced that they have deve
The Export-Import Bank of Korea (Eximbank) announced on Dec. 7 that it will provide a total of US$170 million in project financing (PF) for the Manah1 solar power project in Oman, which was secured by Korea Western Power (KOWEPO).The Manah1 solar power project, led by Oman’s state-owned Electricity
Naver Cloud announced it has signed a Memorandum of Understanding (MOU) with iot squared, a Saudi Arabian IoT and smart city technology solution company, for collaboration in Saudi Arabia’s digital transformation (DX).iot squared is a joint venture co-founded by the STC Group, a leading force in Sau