On the 27th, the Contech startup Meissa announced that it had visited Abu Dhabi, UAE, as a member of One Team Korea from the Ministry of Land, Infrastructure, and Transport.The Ministry of Land, Infrastructure, and Transport's bid support team, led by Minister Park Sang-woo, visited Abu Dhabi to mat
Seoul Semiconductor announced on March 5 that it has filed a patent lawsuit against global retailer Amazon in the Unified Patent Court in Europe seeking a ban on the sale of infringing products.Seoul Semiconductor and its affiliates have obtained 15 injunctions against infringing manufacturers and s
The Korean government will launch the Top 10 Promising Markets Trade Mission, which will lead strategic market exploration to help the country achieve US$700 billion, the largest ever, in exports this year,.The Ministry of Trade, Industry and Energy (MOTIE) announced on Mar. 5 that it will send the
Last quarter, the global semiconductor industry witnessed a nearly 30% increase in DRAM revenue compared to the previous quarter. According to TrendForce, a market research firm based in Taiwan, on March 5, global DRAM revenue reached US$17.46 billion in the fourth quarter, marking a 29.6% growth fr
Samsung Electronics is set to make a groundbreaking reveal at an Nvidia event, showcasing a physical High Bandwidth Memory (HBM) 3E 12-tier (H), which is slated for mass production in the first half of this year.As Nvidia, a key customer of HBM, prepares to launch its next-generation artificial inte
Point2 Technology announced on March 4 that it has raised US$23 million in Series B1 funding from Bosch Ventures and Molex.The company’s e-tube technology is 80% lighter and 50% less voluminous than traditional copper wire. Additionally, it can reduce power consumption and cost by 50% compared to op
HLB disclosed on March 4 that its board of directors has approved the issuance of 60 billion won in convertible bonds to domestic private equity funds and others. The primary purpose of this fundraising is to secure operational funds. Although the company currently holds over 65 billion won in cash
Hugel, Inc. announced on March 4 that it has obtained product approval from the U.S. Food and Drug Administration (FDA) for its botulinum toxin product Letybo in 50-unit and 100-unit dosages on Feb. 29, local time. This FDA approval marks Hugel as the first and only company in South Korea, and the t
Hanwha Foodtech, which is led by Hanwha Hotel & Resort Vice President Kim Dong-seon, the third son of Hanwha Group Chairman Kim Seung-youn, has acquired U.S.-based robot pizza brand “Stellar Pizza.”In January, Hanwha Foodtech signed a memorandum of understanding (MOU) with Serve Automation, the pare
SK D&D, the real estate development arm of SK Group, announced on March 4 that it held a board meeting and completed its spin-off into two entities: SK D&D and SK eternix.As a result of the spin-off, SK D&D will focus on real estate operations, while SK eternix will specialize in renewable energySK
The Incheon Port Authority (IPA) announced that foreign shipping firm Maersk has launched the PH5 service at Incheon Port on March 4.PH5 is a weekly service that departs from Incheon Port and travels to Vietnam and Thailand via China. Five vessels ranging from 2,544 to 2,826 TEU will be used, with t
Kumho Tire inked a technology export agreement with Saudi Arabia’s Black Arrow Tire Company (Blatco) on Feb. 28.Through this agreement, Kumho Tire will provide Blatco with technology for production of passenger car tires sold in the Middle East, including Saudi Arabia, for 20 years.Blatco, a manufac
The Korean government has set a higher plant order intake target for this year than 2023 and will provide intensive support to help Korean plant builders attain the goal. This is because the global plant market is expected to grow and Korean companies’ order-taking competitiveness has been strengthe
The battery industry is set to unveil a bunch of new technologies at Interbattery 2024, Korea’s largest secondary battery industry show.LG Energy Solution will take the wraps off its cell to pack (CTP) product at InterBattery 2024 which will run from Feb. 6 to 8 at COEX in Seoul.Cell-to-pack technol
Hanwha Aerospace announced on Feb. 29 that it has submitted a bid proposal on the US Army’s Small Multipurpose Equipment Transport (S–MET) Increment II program.An Anduril-led S-MET Project consortium also includes Hanwha Aerospace and Forterra, an unmanned vehicle developer.Anduril is a defense tech
GM's Korean Operations sold 30,630 vehicles in February. Sales were up 16.9% compared to the same month last year.Overseas sales of GM's Korean Operations reached 28,643 units in February, up 14.2% - the 23rd consecutive month of year-over-year growth. The Chevrolet Trax Crossover (along with its de
The Optionally Piloted Personal Air Vehicle (OPPAV) recently developed by the Korea Aerospace Research Institute (KARI) has logged a top speed of 240 kilometers per hour. The model is a single-seat Korean urban air mobility (UAM) aircraft.On Feb. 28, the OPPAV was busy taking flight tests at the Nat
The Hyundai IONIQ 6 was ranked most fuel efficient among 2024 models selling in the U.S. market.The IONIQ 6 Long Range Rear Wheel Drive model with 18-inch wheels was honored as the most fuel-efficient vehicle with a combined fuel efficiency of 140 MPGe, according to Fuel Economy, a fuel-saving infor
For four consecutive years, South Korea has maintained its position as the top country among 34 advanced and emerging markets worldwide in terms of household debt relative to gross domestic product (GDP). As of the end of last year, the ratio stood at 100.1 percent, slightly lower than the previous
At the Huawei Product & Solution Launch held during MWC Barcelona 2024, Bruce Xun, President of Huawei's Global Technical Service Dept, announced the launch of Huawei's digital intelligent series of solutions in the ICT services & software field. New AI technology is applied to solutions such as Int