Westinghouse clarified its position on Sept. 19 (local time) that it will appeal to the U.S. District Court in Washington, D.C. with regard to the court’s ruling to dismiss a lawsuit filed by Westinghouse to block Korea Hydro & Nuclear Power (KHNP)’s export of nuclear reactors via a statement from D
The government has initiated the process of revamping the current vehicle tax, which is currently based on engine displacement, to consider factors such as vehicle price. If the criteria for vehicle taxation changes, it is anticipated that imported cars will face a significant increase in tax burden
Seven South Korean construction companies, including Samsung C&T and Hyundai Engineering & Construction, have been selected as “Top 100 Global Construction Giants.”On Sept. 20, the global consulting group Deloitte released its “2022 Global Construction Giants” report, announcing that seven South Kor
In a collective move to fortify the digital skills pipeline, Huawei, the ASEAN Foundation, and the Southeast Asia Ministers of Education Organization (SEAMEO) today hosted the Seeds for the Future Summit 2023. Under the theme "Connect, Cultivate, Contribute for Inclusive Digital Talent Growth in Asi
According to industry sources on Sept. 20, Samsung Electronics will produce Exynos-brand application processors (AP) for Galaxy smartphones at its new factory in Taylor, Texas, in the U.S. using a 4-nanometer (nm) process.The first official product to be produced at the Samsung Taylor factory, curre
The French government has finalized the French version of Inflation Reduction Act (IRA), which grants differential subsidies based on carbon emissions and other criteria during the production and transportation of electric vehicle components and materials. While this measure is primarily aimed at Ch
It has been revealed that individuals and corporations residing in South Korea declared virtual assets held in overseas accounts last year, amounting to a staggering 131 trillion won (US$98.72 billion). This constitutes a whopping 70 percent of the total reported amount for overseas financial accoun
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
Hyundai Motor Group and the Georgia Institute of Technology (Georgia Tech) have officially signed a memorandum of understanding (MOU) for future mobility collaboration on Sept. 19 (local time) at the Georgia Tech John Lewis Student Center in Atlanta, Georgia. Chung Eui-sun, chairman of Hyundai Motor
Samsung Electronics has pledged to donate a total of US$5 million to the Grainger College of Engineering at the University of Illinois Urbana-Champaign (UIUC) to bolster the semiconductor ecosystem and talent acquisition.On Sept. 20, Samsung Austin Semiconductor announced its “5-Year Talent Developm
SK pharmteco, the Contract Development and Manufacturing Organization (CDMO) subsidiary of SK, announced on Sept. 20 that it has acquired The Center for Breakthrough Medicines (CBM), a U.S.-based Cellular and Gene Therapy (CGT) CDMO.Last January, SK pharmteco invested US$350 million in CBM to streng
According to the European Automobile Manufacturers’ Association (ACEA) on Sept. 20, Hyundai and Kia reported sales in the European car market this past August, showing an increase of 5.6% year-on-year, amounting to 76,631 units. Hyundai sold 39,527 units, an increase of 2.9%, while Kia witnessed an
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
Hahn & Company (Hahn&co), a private equity fund (PEF) operator, has attracted about 1 trillion won (US$749 billion) in institutional funds for its first domestic funding.According to recent investment banking industry sources, Hahn & Company’s 4th blind fund, which has been in the collection phase s
A nighttime view of the Wolseong Nuclear Power Plant Shin-Wolseong Units 1 and 2Despite a lawsuit filed by U.S. nuclear company Westinghouse against Korea Hydro & Nuclear Power (KHNP) to hinder its standalone nuclear power exports being dismissed by a U.S. court, Westinghouse has indicated its inten
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
Germany has enjoyed an amicable relationship with China. But China’s economic crisis is putting Germany on pins and needles. Voices are growing in Germany that the country needs to decouple from China to reduce risks from internal issues such as a Chinese real estate slump and the US-China conflict.
SK pharmteco continues its trajectory to become the leading multi-modality CDMO by announcing it is acquiring a controlling interest in Philadelphia-based cell and gene therapy CDMO Center for Breakthrough Medicines (CBM), a move that will expand SK pharmteco’s technical expertise, production capaci
The much-anticipated IPO of Doosan Robotics on the KOSPI this year has solidified its offering price at the top of its anticipated range, thanks to massive interest from the world’s largest sovereign wealth funds and asset management companies.According to the domestic economic media Seoul Economic
As robot adoption accelerates, leading domestic robotics firms including HD Hyundai Robotics, Doosan Robotics, and Hanwha Robotics are shifting focus from stationary collaborative robots (cobots) to mobile robots that move autonomously, heating up the undercurrent of competition.According to industr