SK bioscience, an innovative vaccine and biotech company committed to promoting human health from prevention to cure, announced today that the company has entered into a collaboration agreement with Vaxxas, an Australian biotechnology company developing a unique vaccine patch platform technology, to
Hyundai Mobis (KRX: 012330) is poised to outline its electrification-centric vision at the apex of the European mobility show. The company is positioning itself to appeal to Europe's leading automotive companies, renowned for its rigorous standards in technical excellence and dependability. The stra
SK hynix, focusing on High Bandwidth Memory (HBM) for AI applications, is internally sourcing “post-processing” (packaging) personnel to scale up production. This move aims to quickly grow the size of its post-processing team, which is crucial for determining HBM production capabilities, ensuring th
As the demand for Artificial Intelligence (AI) led to an increase in global semiconductor sales this quarter, Samsung Electronics maintained its top position in the DRAM market share. SK hynix pushed out U.S.-based Micron to reclaim its second-place ranking.According to market research firm TrendFor
HD Korea Shipbuilding & Offshore Engineering, a core subsidiary of HD Hyundai, has delivered the world’s first ship equipped with an “AI engineer.” Recently, HD Korea Shipbuilding & Offshore Engineering announced that it delivered a 180,000-ton Liquid Natural Gas (LNG) powered bulk carrier equipped
Refining margins, a key indicator of profitability in the oil refinery industry, have risen steeply recently, expanding expectations for improved business performances in the second half of the year.Singapore’s composite refining margin stood at US$14.13 a barrel as of Dec. 18, the highest in about
According to the Ministry of Trade, Industry and Energy on Aug. 23, Korea’s general machinery exports stood at US$25.7 billion in the first half of this year and the export amount represented a year-on-year increase of 1.6 percent. The growth is noticeable compared to a year-on-year decline of more
In the second quarter of this year, Korea’s net external financial assets (external financial assets minus external financial liabilities), which reflects the country’s external solvency, declined amid rising stock markets at home and abroad.However, Korea’s ratio of short-term external debt to tota
The utilization rate of LG Chem’s advanced materials business, which is considered the future food of the company, has been declining. The company is trying to respond to the market situation by reducing production as profitability has deteriorated due to the double whammy of slowing demand for elec
LG Innotek will join hands with SK E&S to expedite the attainment of its RE100 goals. RE100 is a commitment to use electric power only from renewable energy such as wind and solar.On Aug. 23, LG Innotek announced that it has signed a direct power purchase agreement (PPA) with SK E&S.A direct PPA is
In the first half of this year, South Korea’s top four petrochemical companies – LG Chem, Lotte Chemical, Kumho Petrochemical, and Hanwha Solutions – have collectively lowered the average operational rates at their domestic petrochemical plants. This adjustment comes as the petrochemical industry ha
It has been revealed that major defense companies in South Korea achieved one-third of their total revenue through exports in the first half of this year. Following export contracts with countries like Poland last year, actual product deliveries have commenced this year, contributing to the increase
Samsung Heavy Industries has completed the shutdown of its local production subsidiary in China, Samsung Heavy Industries Ningbo Co., Ltd. This move comes as cost competitiveness in China has weakened due to reduced productivity and rising labor costs, eliminating the need for manufacturing faciliti
Kim Byung-gu, the head of LG Display’s automotive business group and executive vice president, unveiled LG Display’s OLED displays designed for automotive use and introduced the entire portfolio of premium brands involved in automotive production and development for the first time at IMID 2023, whic
Amid concerns of dampened consumer sentiment in the latter half of this year, imported car manufacturers are launching aggressive discount campaigns.According to industry sources on Aug. 23, the “Big Three” German car manufacturers – BMW, Mercedes-Benz, and Audi – initiated their discount promotions
The development of next-generation network (6G) commercialization technology and core components, with a budget of 440 billion won, is set to begin in earnest next year. Further, there’s an ambition to demonstrate pre-6G technology by 2026 and secure 30% of the 6G international standard patents, aim
Samsung SDS is set to unveil its enterprise-level generative AI service next month. This will mark the first time Samsung’s generative AI service will be introduced to the public.According to the electronics industry on Aug. 23, Samsung SDS will present the AI service under development at the “Real
Hyundai Motor has started the process of selling its Chongqing factory in China, which has been non-operational for over a year. This is the second such move after it sold its Beijing 1 factory in 2021. Hyundai also plans to halt operations and prepare for the sale of its Chengzhou factory, one of t
The U.S. government is considering extending the waiver on export controls for semiconductor manufacturing equipment applied to South Korean and Taiwanese companies, Japan’s Nikkei newspaper reported on Aug. 23. This waiver is set to expire in October.Quoting multiple industry insiders, Nikkei repor
Hanwha Ocean decided on a capital increase of approximately 2 trillion won during its board meeting on Aug. 23. Concurrently, the company also set forth a goal to achieve 30 trillion won in sales and 5 trillion won in operating profit by 2040.Out of the funds secured from this capital raise, about 9