Both domestic and global information technology (IT) giants are now joining pharmaceutical and biotech companies in utilizing artificial intelligence (AI) for drug development. Some AI drug development firms are currently in the process of going public through initial public offerings (IPOs).Accordi
The government has designated seven specialized complexes for the nation’s advanced strategic industries such as semiconductors, secondary batteries, and displays. In addition to this, five specialized complexes for materials, parts and equipment have also been newly designated to focus on five othe
OLED panels are expected to surpass 50 percent adoption in smartphone displays for the first time this year.According to industry sources on July 20, OLED displays have overtaken LCDs as a dominant display ecosystem and are expanding their applications. Consumers have become pickier as they encounte
At Nano Tech Day 2023 held on July 20 at Community House Masil in Seoul, a team from the Hyundai-Kia Basic Materials Research Center unwrapped a transparent solar cell that can lower reliance on electric vehicle batteries and eventually enable battery-free driving.The transparent solar cell was one
The Korean battery industry will accelerate its planned investment of 30 trillion won by 2030 as the Korean government designated Cheongju, Pohang, Saemangeum and Ulsan as specialized secondary battery clusters on July 20. It expects the clusters to create a domestic battery ecosystem value chain an
On her first visit to Taiwan in four years, AMD CEO Lisa Su asked reporters if they believed Korean media outlets when asked about reports that AMD could shift foundry orders for next-generation products, including AMD’s 3-nm chips, to Samsung Electronics.On July 20, multiple Taiwanese media outlets
JW Pharmaceutical announced on July 20 that it has obtained a patent for the Wnt target hair loss treatment JW0061 from the Australian Patent Office.This patent is related to a new drug candidate for hair loss treatment based on the Wnt signaling pathway and aims to protect “a new heterocyclic induc
In the United States, a road has been named after South Korean conglomerate SK Group.SK on announced on July 20 that “Steve Reynolds Industrial Parkway,” a road near the SK Battery America (SKBA) facility in Commerce City, Jackson County, Georgia, has been renamed SK Boulevard. Jackson County decide
The author is an analyst for NH Investment & Securities. He can be reached at kyeongkeun.kang@nhqv.com -- Ed.Taekyung Chem occupies top spot in the domestic CO2 product market. With the arrival of a big cycle for the shipbuilding industry, there is growing demand for liquid carbonic acid for use in
SK innovation will invest 1 trillion won in three green businesses by 2026. In particular, half of the investment will be spent on hydrogen and ammonia projects. The company will pursue a two-track business strategy of increasing the proportion of green businesses while maintaining the existing petr
The Korean government has announced its intention to become the world’s No. 1 biopharmaceutical powerhouse by 2030 by attracting 15.7 trillion won in private investment and providing related support under the Bioeconomy 2.0 Initiative.At the Bioeconomy 2.0 Roundtable held at the Seoul BioHub on July
The share of organic light-emitting diode (OLED) displays in laptops and tablets is expected to remain low at less than 3 percent this year, while panel manufacturers continue to invest in expanding the share of OLED displays and improving specifications amid a slump in the display industry.Accordin
As the battery technology development cycle gets shorter and shorter, China heats up the race to secure patents, ratcheting up tension in the battery industry.China’s CATL, the world’s No. 1 battery maker by market share, recently registered a patent on a battery technology in just 39 days according
LG unveiled EXAONE 2.0, a super-sized artificial intelligence (AI) service that can be used to develop new materials, new substances, and new drugs, among other things.The LG AI Research Center unveiled EXAONE 2.0 at the LG AI Talk Concert 2023 at the LG Science Park Convergence Hall in Magok, Seoul
Korean Trade, Industry and Energy Minister Lee Chang-yang asked the government of Turkmenistan, the world’s fourth-largest natural gas producer, to support Korean companies in winning plant projects. The projects are worth US$2.5 billion (about 3.2 trillion won).Turkmenistan’s natural gas reserves a
Korea Hydro & Nuclear Power (KHNP) is aggressively driving the development of small modular reactors (SMRs) in collaboration with the private sector. With the goal of leading a market worth 630 trillion won (US$497.24 billion), Korea aims to establish a presence in it.According to KHNP on July 19, K
Although the minimum wage for 2024 has been set at 9,860 won per hour, which is 2.5% higher than this year's minimum wage of 9,620 won, both labor and management have expressed opposition.Economic organizations and some employer groups have responded with mixed feelings, saying, “It is an inevit
The Asian Development Bank (ADB) has revised down its forecast for South Korea’s economic growth rate this year from the previous 1.5% to 1.3%. The figure is lower than the projections of the Organization for Economic Co-operation and Development (OECD) and the International Monetary Fund (IMF), bot
Nextrade (NXT), a preparatory corporation for an alternative exchange, has received preliminary approval for an investment brokerage license from the Financial Services Commission (FSC) on July 19. As early as the beginning of 2025, it will be possible to trade listed stocks, such as Samsung Electro
Malicious code has been discovered in Chinese-made measurement devices supplied to government agencies. The National Intelligence Service (NIS) reported that the malicious code was pre-installed in the Chinese equipment before delivery, and they have decided to investigate all Chinese-made devices d