Cleveland Avenue, a prominent Chicago-based venture capital firm specializing in investments within lifestyle consumer brands and pioneering technology companies that positively disrupt large and growing markets, hosted CA Tech X Asia in collaboration with Shinsegae at The Devil's Door in Seoul toda
SK broadband and Netflix, the world’s leading online video streaming service (OTT), have settled their network usage fee litigation and agreed to a service partnership. Consequently, customers can now access Netflix content on SK telecom’s mobile and Internet Protocol TV (IPTV) platforms.While the l
The world’s largest semiconductor contract manufacturing company, Taiwan-based TSMC, is considering focusing its investments in Japan as challenges arise with its U.S. expansion.On Sept. 18, according to industry and foreign media, TSMC is considering building additional factories beyond their exist
The Kia Labor Union has pulled out the overtime refusal card. The move comes as negotiations over this year’s wages and collective agreements with the company have hit a snag.According to industry sources on Sept. 18, the Kia Union has decided to halt overtime production negotiations at three main f
Samsung Biologics announced on Sept. 18 that it has signed a contract manufacturing organization (CMO) agreement worth US$242 million (321.3 billion won) with BMS. The agreement entails the supply of biopharmaceuticals to BMS over the next seven years, extending until 2030.BMS, ranked 7th globally i
The government is set to invest 400 billion won (US$301.66 million) next year and a total of 2.2 trillion won over the next five years to establish geographical zones dedicated to creating specific industries at world-class level. To boost the venture ecosystem, it plans to increase the external fun
The government is entering into follow-up work to pursue the joint development of lithium mines proposed by Ukrainian President Volodymyr Zelensky.During a meeting with the Ministry of Land, Infrastructure, and Transport (MOLIT) press corps on Sept. 18, Minister Won Hee-ryong said, “President Zelens
Hanwha Ocean has revealed its intention to secure global defense solutions with an ultra-wide gap through large-scale investment.Hanwha Ocean opened its Siheung R&D Center located in Siheung, Gyeonggi Province, Korea to media outlets on Sept. 18, according to related industry sources. This marked th
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.
The Korea Trade Insurance Corporation (K-SURE) announced on Sept. 18 that it had signed operational agreements with Canada’s Export Development Corporation (EDC) and the U.S. Department of Energy (DOE) on Sept. 13 and 14 (local time), respectively. These agreements are aimed at supporting the expans
LG CNS will collaborate with XYZ Robotics, an artificial intelligence-based robotics solution company, to strengthen its warehouse robotics business.LG CNS announced on Sept. 17 that it recently signed a memorandum of understanding (MOU) with XYZ Robotics at the LG CNS headquarters in the Magok area
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
'ABSOLUT GROUND MIX WITH STICKY MONSTER LAB', a brand Pop-up store of ABSOLUT, a premium vodka representing Pernod Ricard Korea Co., Ltd. (Hereinafter referred to as 'Pernod Ricard Korea'), has accumulated 10,000 visitors in 23 days since its opening. It was announced on the Sep. 15th that 10,000 pe
According to the Ministry of Trade, Industry, and Energy on Sept. 15, the global electricity consumption in 2021 showed China leading the charts with an overwhelming 7,714 terawatt-hours (TWh). Following China were the United States at 3,869 TWh, India at 1,355 TWh, Russia at 963 TWh, Japan at 916 T
Despite the escalating power struggle between the United States and China leading to increased calls for decoupling from China, an analysis suggests that it may not be easy for many countries, including South Korea, among the participants in the Indo-Pacific Economic Framework for Prosperity (IPEF),
SK innovation has achieved success in its recent rights issue by raising nearly 10 trillion won (US$7.51 billion) as it takes steps to secure future growth opportunities.SK innovation announced on Sept. 15 that it had received 9.56 trillion won in subscription deposits for its public offering, which
Hyundai Engineering & Construction (Hyundai E&C) announced on Sept. 17 that it participated in the Poland Krynica Economic Forum as a member of a joint public-private South Korean delegation, where discussions were held with Eastern European countries on strategies for entering the next-generation s
FILA Holdings announced on Sept. 14 it will pay out a special dividend to shareholders, drawing attention to its shareholder-friendly stance at a time when dividends paid by listed firms in Korea have been declining due to sluggish economic conditions.FILA Holdings shareholders at the end of this mo
The French government ordered a halt to sales claiming that Apple’s popular iPhone 12 smartphone, released three years ago, emits radiation levels exceeding allowed standards. The issue is spreading to other European countries, including Germany and Belgium. South Korea’s government has also commenc
HD Hyundai announced on Sept. 17 that the company’s president attended the naming ceremony for the 2,100 TEU-class methanol-fueled container ship Laura Maersk held recently in Copenhagen, Denmark.The ship, constructed by Hyundai Mipo Dockyard, is the first of 19 methanol-fueled ships commissioned to