KT, the South Korean telecommunications giant, announced that it will host an exhibition for domestic ICT innovation companies at Viva Technology 2023 (VivaTech), Europe's largest startup exhibition held annually. The company aims to assist these firms in their entry into the European market.The
OpenAI CEO Sam Altman, the developer of ChatGPT, met with Choi Sung-hwan, president of SK networks, to discuss cooperation in investing in AI companies.Choi and Altman held an exclusive meeting for 30 minutes at SK networks’ headquarters in the Samil Building in Seoul on June 9, according to sources
Korea and Saudi Arabia will establish a US$160-million joint fund.The fund will be set up as part of a memorandum of understanding (MOU) between Korea and Saudi Arabia on investment cooperation and support for startups, which was signed during a meeting with Korean President Yoon Suk-yeol and Saudi
As the proliferation of solar power continues, the share of renewable energy is growing, leading to concerns about the management of power that is produced in excess of demand. Critics are urging the government to swiftly establish measures to address this issue.According to sources in the electrici
Hanwha Systems participated in the 13th International Maritime Defense Industry Exhibition 2023 (MADEX 2023) at BEXCO in Busan from June 7 to showcase its differentiated maritime manned and unmanned complex system capabilities using low-orbit satellites.A maritime manned and unmanned combined system
Fairtrade Korea proudly participated in the highly anticipated 41st edition of Seoul Food, held at KINTEX in Goyang, Gyeonggi-do, from May 30 to June 2, 2023. The event, hosted by the Korea Trade-Investment Promotion Agency (KOTRA), witnessed a significant increase in awareness among domestic compan
SK networks will invest US$2 million (approximately 2.6 billion won) in Source.ag, a Netherlands-based artificial intelligence (AI) smart farm startup.On June 8, SK networks announced that it would invest US$2 million in the Series A round of Source.ag, a smart farm Software as a Service (SaaS) comp
Both Hyundai Motor's and Kia Corp.’s stock prices fell in the Korean stock market. Investor sentiment about the two stocks was dampened after New York City filed a lawsuit against Hyundai and Kia for selling vehicles that are prone to theft.According to the Korea Exchange, Hyundai closed at 196,
Providence Therapeutics Holdings Inc. ("Providence"), a biopharmaceutical company developing messenger RNA (mRNA) vaccines and therapeutics, today announced its mRNA drug discovery partnership with University Health Network (UHN), ranked first on a list of Canada's top 40 research hospitals by R
The author is an analyst for NH Investment & Securities. He can be reached at kyeongkeun.kang@nhqv.com -- Ed.Possessing the heftiest VR content track record and development capabilities in Korea, SKonec is gaining momentum on global IT giants’ foray into the XR market. We expect the firm to enjoy fu
Americans prefer the Samsung brand over Apple, according to a survey. Samsung ranked 7th among the brands loved by Americans, while Apple came in at 10th.On May 31, CNBC cited the results of the “2023 Axios Harris Poll” on the top 100 brands loved by Americans.In the survey released by Axios on May
Recently, SK Telecom returned its 5G 28 GHz frequency license to the Korean government. This means that all three major Korean wireless carriers have given up the band. Earlier, they were fined a combined 33.6 billion won (US$25.7 million) by the Korea Fair Trade Commission (KFTC) for their overly e
The Korea Venture Business Association (KOVA) held a global investor relations (IR) program to support venture companies' entry into the German and European markets.The Korea Venture Business Association (KOVA) announced on June 1 that it held a “Global IR Program” on May 31 in collaboration wit
The National Tax Service (NTS) has launched an intense tax investigation into 52 potential offshore tax evaders for leaking national wealth.The National Tax Service said on May 31 that it has launched a tax investigation into alleged offshore tax evaders who might have have evaded taxes by taking pr
SK networks announced on May 31 that it had held an event with the U.S. investment firm Hico Capital and Bow Capital at the Rosewood Sand Hill Hotel in Silicon Valley, California, to advance a partnership. The event was attended by key figures including Vivek Ranadive, chairman of Bow Capital, and C
The United States and China are ramping up their competition over South Korean semiconductors. Following China's sanctions on U.S. semiconductor firm Micron, the two nations are locked in a struggle to fill the resulting gap. China, which had previously launched harsh criticisms such as “playing
SK bioscience announced on May 30 that its in-house developed COVID-19 vaccine “Sky Covione” (European name: Sky Covion) has received formal authorization from the U.K.'s Medicines and Healthcare products Regulatory Agency (MHRA) for primary vaccination (first and second doses) in adults aged 18
The Korea Institute of Machinery and Materials (President Sang-jin Park, hereinafter referred to as KIMM), an institute under the jurisdiction of the Ministry of Science and ICT, signed an MOU in the fields of advanced manufacturing and robotics with research institutes in Spain and Greece, two of E
The Incheon International Airport Corporation (IIAC) announces that the Incheon Airport Community has achieved a significant milestone by becoming the world's first airport community to receive Center of Excellence for Independent Validators (CEIV) Lithium Batteries Certification from the Intern
The Indo-Psacific Economic Framework (IPEF), a U.S.-led economic cooperative formed to counter China, has released its first significant result: a supply chain agreement involving 14 participating countries. The main aspect of this agreement is a joint response by the participating nations to supply