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
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
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
The Federation of Korean Industries (FKI) said it dispatched an economic mission with key officials from the government and business to Poland to attend the Krynica Forum, which was held from Sept. 13-15.The Korean business community is visiting Poland again just two months after a presidential dele
As of April this year, South Korea has emerged as one of the top three external importers of the European Union (EU). Excluding European countries, South Korea has secured the third position in this ranking, following China and the United States. This marks the first time that South Korea has surpas
LG Chem is planning to build the first domestic Hydrogenated Vegetable Oil (HVO) factory in Daejeon in partnership with an Italian state-owned energy company, with completion expected by 2026.On Sept. 14, LG Chem announced its collaboration with ENI S.M., a subsidiary of Italy’s largest state-owned
On Sept. 13 (Korean time), LG Chem announced the inauguration of its European Customer Solution Center (CS Center) in Frankfurt, Germany. The opening ceremony was graced by the presence of LG Chem’s Petrochemical Division Chief Noh Guk-rae, the Deputy Mayor of Frankfurt, and other key executives and
Samsung SDS has entered the market for generative artificial intelligence (AI) services. Rather than developing its own generative AI, the company will launch services that help companies by utilizing existing large language models (LLMs) such as ChatGPT.On Sept. 12, Samsung SDI held the Real Summit
While international oil prices continue their soaring ascent, approaching the US$100 mark, the fortunes of the refining and petrochemical industries are diverging.According to industry sources on Sept. 12, the average price of Dubai crude oil, which serves as the basis for the domestic crude oil imp
LG Energy Solution is expediting its penetration of the U.S. energy storage system (ESS) market by building a local production base and supply chain behind advanced technologies. The Korean battery giant plans to more than triple its sales in the ESS business within the next five years.LG Energy Sol
LG Electronics swept the top spots in the major categories of Consumer Reports’ “Washing Machine of the Year” standings.According to industry reports on Sept. 12, LG Electronics products took the top three spots in Consumer Reports’ washer rankings in the three main categories -- drum, high-efficien
LG is promoting the 2030 Busan World Expo at global landmarks in major cities such as New York, London, and Paris.From June of last year to recently, LG has been advertising the bid for the 2030 Busan World Expo on large outdoor billboards at iconic spots like New York’s Times Square and London’s Pi
Hankook & Company Group, holding a subsidiary group Hankook Tire, co-hosted ‘The 1st Hankook & Company Group – KAIST AI Competition’ with the Korea Advanced Institute of Science Technology Graduate School of Data Science (KAIST GSDS) to reinforce employee capabilities in areas such as AI and Big Dat
The washer-dryer is evolving from a vertically stacked washing machine and dryer to an all-in-one product that fully integrates the two appliances.On Sept. 10, according to industry sources, both LG Electronics and Samsung Electronics showcased their new washer-dryer products at IFA 2023, Europe’s l
Last year, due to the surge in demand for electric vehicles (EVs), prices of core battery minerals like lithium and nickel reached a peak. However, they have been on a decline recently. Battery cathode material companies that purchased these minerals when they were expensive are now facing challenge
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
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
Korea Aerospace Industries (KAI) is actively carrying out marketing activities for European countries at the International Defense Industry Exhibition (MSPO) which kicked off in Kielce, Poland, on Sept. 5 (local time). The MSPO is Poland’s annual national defense exhibition supported by the Polish G
Hyundai Motor Company is leading the electrification trend in the automotive industry in Indonesia, the world’s fourth-most-populous country and the world’s top nickel producer.According to the Association of Indonesia Automotive Industries (GAIKINDO) on Friday, Hyundai sold 3,913 electric vehicles
Exports of cathode materials, one of the core materials for electric vehicle batteries, are surging. But experts have pointed out that much of the money that Korean companies make by exporting them ends up going to China as they import core raw material compounds such as lithium and precursors to ma