Hanwha Group Vice Chairman Kim Dong-kwan, who orchestrates Hanwha’s solar power business and projects, has succeeded in securing a polysilicon supply chain in the North American market. Experts regard this as the final piece of the puzzle for the completion of the Solar Hub Project, the largest sola
A hydrogen engine for passenger cars that uses hydrogen as fuel has been developed for the first time in Korea amid fierce competition for hydrogen mobility technology around the world.A joint research team led by Dr. Choi Young of the Mobility Powertrain Research Center at the Korea Institute of Ma
When estimating quarterly earnings, it is difficult to predict one-off reversals, but provisions for losses related to the winning of development projects are predictable. LIG Nex1 has secured no notable system development projects in 3Q23, while it won the Lightweight Torpedo-II development project
Concerns are rising that Hanwha Group’s credit rating could be negatively affected as it plans for significant capital-raising activities, including a paid-in capital increase, following the acquisition of Hanwha Ocean. It’s noted that the financial burden on the group has increased by injecting nea
As the three-way compressed battle for the acquisition of HMM involving Harim Group, LX Group, and Dongwon Group intensifies, the possibility of candidates with insufficient cash assets making a successful acquisition has increased. This has raised questions about their financial capabilities and th
In response to the United States’ semiconductor sanctions, China’s “Semiconductor Self-Reliance” strategy is gradually coming to the surface. Given the immediate challenge of countering U.S. sanctions, China is discreetly pouring substantial funds into attracting overseas semiconductor talent. Furth
According to the Federation of Korean Industries (FKI) on Sept. 6, Chairman Ryu Jin, who took office as the 39th chairman, reaffirmed friendly relations by sending congratulatory letters to over 40 partner organizations in major countries and international institutions worldwide. He also proposed th
The market for cutting-edge “semiconductor packaging” technology is heating up. As semiconductor manufacturing processes become more advanced, both domestic and international companies are fiercely competing to dominate the packaging market.According to a report on Sept. 6 by global market research
A significant trend among global automakers is the incorporation of China-made lithium iron phosphate (LFP) batteries, known for their affordability. With the growing market share of LFP batteries, concerns are rising about a potential crisis for the “top 3 South Korean battery manufacturers.” Howev
China is devising strategies to bypass the United States in both semiconductor and electric vehicle (EV) battery sectors. As the Joe Biden administration seeks to exclude China through the Inflation Reduction Act (IRA), Chinese companies are entering full-fledged efforts to neutralize the U.S. block
Hyundai Mobis, having integrated its partner and subcontractor firms, has launched production subsidiaries MOTRAS and UNITUS, which have emerged as production risks for the Hyundai Motor Group.According to the automobile industry on Sept. 6, MOTRAS, which supplies chassis modules integral to the veh
It has been revealed that foreign currency loans extended by South Korea’s top four banks have swelled to nearly 91 trillion won (US$68.27 billion) this year, with an increase of nearly 1 trillion won. This surge is attributed to the apprehension among businesses, driven by the continued volatility
As of the end of August this year, South Korea’s foreign exchange reserves were recorded at US$418.3 billion. This marks a decrease of US$3.5 billion compared to the previous month.On Sept. 5, the Bank of Korea announced the size of foreign exchange reserves and attributed the decrease to primarily
Yuhan Corp. announced that it will collaborate with Cyrus Therapeutics, a biopharmaceutical company with targeted proteolysis development technology, to jointly develop new anti-cancer drugs and candidates.The two companies will conduct basic research on anti-cancer drug development, the joint devel
POSCO International recently announced that it has been selected as the preferred bidder in an international tender for a carbon capture and storage (CCS) project organized by the Texas General Land Office in the United States.In this tender, POSCO International participated by forming a consortium
South Korean shipbuilding orders appear to have fallen significantly behind rival China.According to Clarkson Research, a U.K.-based shipbuilding and maritime analysis institute, global ship orders last month stood at 2.05 million CGT (Compensated Gross Tonnage, 71 ships), a 30% decrease compared to
KT is set to enhance the performance of its mega-scale AI ‘Mi:dm’ in collaboration with the Vector Institute of Canada, one of the world’s premier AI research institutions.On Sept. 5, KT revealed that it had discussed collaboration in the mega-scale AI domain with the Vector Institute at the KT Inst
Lotte Group has announced that it will be hosting the “South Korea Brand Expo in Jakarta” in collaboration with the Korea Trade-Investment Promotion Agency (KOTRA) until Sept. 8 in Jakarta, Indonesia.Since it began in 2016, the South Korea Brand Expo is holding its 17th event and has recorded a cumu
Vice Chairman Kim Dong-kwan of Hanwha met with President Andrzej Duda of Poland during the afternoon of Sept. 5, local time, at the Hanwha booth at the MSPO, Poland’s International Defense Industry Exhibition.Vice Chairman Kim explained to President Duda about Hanwha’s cutting-edge technology that e
Mirae Asset Global Investments’ Indian subsidiary announced on Aug. 6 that it has completed an investment in a large-scale logistics center covering about 46,450 m² located in Mumbai.This marks the second deal after the company, as the first foreign asset management firm to enter India, directly inv