LG Display will invest 3.3 trillion won by 2024 to expand its capacity to produce small and medium-sized OLED panels, which have enjoyed a boom since the outbreak of the novel coronavirus.The company announced on Aug. 17 that its board approved the investment plan in a meeting on Aug. 13. Previously
SK Hynix announced on July 28 that it has selected Eco Energen as its fifth technology innovation company and forged a technology development partnership.Eco Energen has expertise in reducing and removing pollutants. It will jointly develop scrubber water recycling technology with SK Hynix over the
Yanolja Cloud will enter the Turkish hospitality market in earnest. The company announced on July 27 that it has signed an agreement with CMH Solutions to form a strategic partnership for the digital transformation of the Turkish travel industry.The key point of this agreement is to expand the intro
Doosan Heavy Industries and Construction (DHIC) announced on July 27 that it has signed an agreement with Korea Western Power on development and commercialization of a next-generation eco-friendly hydrogen turbine.An agreement signing ceremony was held at DHIC’s main office in Changwon, South Gyeong
The South Korean government announced on July 26 that it would provide R&D tax incentives of up to 50 percent and capex tax incentives of up to 20 percent in the three fields of electric vehicle battery, semiconductor and vaccine. The total incentives are estimated at 1.16 trillion won.Specifically,
NextChapter, a digital commerce platform that acquires and operates Coupang and Naver-based online native brands in Korea, announced on July 23 that it has raised an undisclosed amount in a seed round.The funding was led by Korean and international venture capital firms including Klim Ventures, Fast
The Ministry of SMEs and Startups announced on July 21 that small and medium-sized enterprises (SMEs) reached US$56.5 billion in exports in the first half of this year, up 21.5 percent from a year ago. The figure is an all-time high since the ministry’s records began in 2010. The previous high is US
The National Intelligence Service announced on July 21 that it detected a total of 111 technology theft attempts by foreign entities from January 2016 to June this year and those include 35 attempts that targeted national core technologies such as semiconductor and display.Specifically, the 111 atte
Korea Aerospace Industries (KAI) has decided to launch a next-generation mid-sized satellite in cooperation with SpaceX, a U.S. space developer. It will launch the satellite early next year at the earliest. SpaceX is a private space developer founded in 2002 by Elon Musk who founded Tesla, a U.S. el
Korea Gas Corp. (KOGAS) announced on July 14 that it has launched a two-week test run before the commercial operation of Al-Jur Liquefied Natural Gas (LNG) Production Base in Kuwait.The base is the world’s fifth-largest facility after LNG production bases in Incheon, Pyeongtaek and Tongyeong of Kore
Woori Bank is planning to make an additional investment of 110 billion won in Bank Woori Saudara in Indonesia. This is to enhance the digital banking of Bank Saudara so that it can become a larger bank.Bank Woori Saudara held a shareholder meeting on July 14 and decided to increase its capital by is
Chinese companies are in hot pursuit of Korean companies in the OLED panel market.BOE, China's largest display company, is expected to supply nine million OLED panels to Apple in 2021. Although this figure is only 5.3 percent of Apple’s total OLED panel demand of 169 million units, Korean OLED m
Pellicles are drawing attention from semiconductor companies that has introduced extreme ultraviolet (EUV) lithography technology. Pellicles are used to reduce wafer defects caused by mask contamination. They are a highly permeable thin film placed on the surface of the mask to keep it from being co
The author is an analyst of NH Investment & Securities. He can be reached at jack.baek@nhqv.com. -- Ed.Traditionally referring to the beauty found within a person’s character, ‘inner beauty’ is now increasingly used as a domestically-coined generic term for edible cosmetics and cosmetic functional f
Hanwha Group will localize key satellite components imported from overseas.Hanwha Corp. announced on June 28 that it will invest 8 billion won by 2025, together with the Korea Aerospace Research Institute, to develop a hypotonic bipropellant thruster. A thruster controls a satellite’s position and a
Korean Air will develop common bulkhead propellant tanks for small satellite launch vehicles as part of the Ministry of Science and ICT’s “Space Pioneer” project.The ministry plans to invest a total of 211.5 billion won by 2030 in the Space Pioneer project, which aims to strengthen the global compet
SK Hynix has started hiring experienced foundry workers in a move to bolster its foundry business. The company appears to be aiming to provide 8-inch foundry services for small and medium-sized fabless companies.SK Hynix announced job openings earlier this month for seasoned workers with experience
India International Convention and Expo Centre (IICC), which is currently being built in New Delhi, India, will represent the MICE industry of Southwest Asia. IICC will be operated and managed by KINEXIN Convention Management Private Limited, which is a consortium company founded by the Korea Intern
People Power Party lawmaker Kwon Myung-ho remarked on June 17 that only 52 South Korean manufacturers reshored and no less than 12,333 South Korean manufacturers offshored from 2017 to 2020.The 52 reshoring companies consist of just one large company Hyundai Mobis, nine medium-sized companies and 42
Since the beginning of June, a total of 37 altcoins have been delisted from 20 cryptocurrency exchanges in Korea which received the Information Security Management System (ISMS) certification.Market watchers expect that the eviction of altcoins will continue not only at small and medium-sized exchan