Samsung Display filed a complaint with the U.S. International Trade Commission (ITC) against China’s BOE, the world’s largest liquid crystal display (LCD) panel maker and Samsung Display’s largest display competitor. Samsung Display claims BOE stole its technology. This is separate from an ongoing p
KG Mobility is set to build a battery pack manufacturing plant in South Korea, leveraging the technology of BYD, China’s largest electric vehicle manufacturer.On Nov. 1, KG Mobility announced that it had signed a “Battery Pack Factory Construction and Hybrid System Joint Development Agreement” at th
The operating profit of Hyundai Motor Group’s 11 listed companies in the third quarter of this year increased by more than double compared to the same period last year.According to the Financial Supervisory Service’s electronic disclosure system on Nov. 1, the 11 listed companies within Hyundai Moto
According to industry sources on Nov. 1, STX has commenced drilling exploration operations for a nickel mine in the Sulawesi region of Indonesia, where it holds a 20 percent stake.Drilling exploration involves operations such as analyzing geological program data and terrain sampling before mining, a
On Oct. 31, Korea Hydro & Nuclear Power (KHNP) signed a nuclear decommissioning cooperation agreement with Kinectrics, a Canadian nuclear engineering firm, at Kinectrics’ headquarters in Toronto.The agreement will enable the dispatch of domestic technical personnel to overseas nuclear decommissionin
ENEOS Corporation (Representative Director and President: Takeshi Saito, “ENEOS”) and SK Innovation Co., Ltd (Vice Chairman & CEO: Kim Jun; “SK Innovation”), along with multiple subsidiaries of SK Innovation, announced today a conclusion of Memorandum of Understanding (“MOU”) designed to consider co
Voice of America (VOA) on Oct. 31 reported that another large ship has been spotted at the Najin Port of North Korea, which the United States had identified as a site for weapons trade between North Korea and Russia. VOA said, “Activities such as ship arrivals, departures, and container loading at t
The Financial Supervisory Service (FSS) will set up a special short-selling investigation group to crack down on illegal short selling. The team will conduct full investigations into all short-selling transactions by global investment banks (IBs) since May 2021, when short selling was partially reop
South Korea has set an ambitious goal to rise alongside the United States and China as one of the top three powerhouses in the global energy storage system (ESS) industry by 2036. The nation plans to capture 35% of the rapidly growing global ESS market, aiming to revitalize its currently stagnant do
The number of fatalities at the construction sites of the top 100 construction companies was recorded as twenty in the third quarter of this year.On Oct. 30, the Ministry of Land, Infrastructure, and Transport revealed that the number of fatalities at the sites of the top 100 construction companies
Hanwha Systems initiated its operations in 1978 with the production of night vision goggles, one of its electronic optical products. Today, the company stands as a radar sensor and communication specialist, leading the forefront in the advanced defense electronics industry. Hanwha Systems offers ind
Specialized organizations have predicted that the impact of China’s graphite export control will be resolved within three months. This is because there have been similar cases in the past and it is difficult for China to consume all the graphite produced in China alone. However, South Korean battery
The Ministry of SMEs and Startups (Minister LEE Young, hereinafter referred to as MSS) and the Korea Startup Forum (KSF, Chairman PARK Jae-wook, CEO of SOCAR) held a press briefing on COMEUP 2023 at Dreamplus in Gangnam-gu, Seoul on October 30.COMEUP is an annual event aimed at showcasing South Kore
According to industry sources and foreign reports on Oct. 29, global automaker Ford Motor is set to reduce its initial US$12 billion investment plan for electric vehicle projects after recording approximately US$1.3 billion in losses in its electric vehicle division during the third quarter of this
Founded in 1977, Hanwha Aerospace has become a leading company in the aerospace industry in South Korea. Today, its products serve not only aerospace but also the defense and marine sectors. With an unwavering focus on customer-centric quality management, technological innovation, and product compet
During his six-day state visits to Saudi Arabia and Qatar, President Yoon Suk-yeol secured business contracts totaling $202 billion (27.3 trillion won). With these trips, he concluded his diplomatic rounds with the “Big 3” Middle Eastern countries, which began with a visit to the United Arab Emirate
The Korea-Canada Project Exploration and Investment Collaboration Business Forum was held at the Four Seasons Hotel in the Jongno district of Seoul on Oct. 25.The Korea Trade Insurance Corporation (K-SURE) held a joint meeting with the Export Development Canada (EDC) on Oct. 25 to strengthen the exp
The labor unions of six subsidiary parts companies under the Hyundai Motor Group have initiated the first-ever joint strike within the Hyundai Motor Group. They demand equal performance bonuses and special incentives with Hyundai Motor and Kia Motors while advocating for the elimination of hierarchy
Hyundai Engineering, in collaboration with Hyundai E&C, has secured a colossal project in Saudi Arabia worth US$2.3 billion for the expansion of a major gas plant.On Oct. 23 (local time), at the NEOM Exhibition Hall in Riyadh, Saudi Arabia, during the 50th Anniversary Celebration of Korea-Saudi Cons
On Oct. 22 (local time) in Riyadh, Saudi Arabia, the Korea Electric Power Corporation (KEPCO) announced that it had signed a contract with Saudi energy companies to collaborate in the hydrogen ammonia and grid sectors.Through this agreement, KEPCO, along with POSCO Holdings and Lotte Chemical, has a