"NPCore," a specialized artificial intelligence-based cybersecurity solutions company led by CEO Han Seung Chul, has been awarded the "Top Exporter of One Million Dollars" by the Korea International Trade Association. The company has continuously challenged itself to expand into overseas markets, wi
Hyundai Mobis (KRX 012330) announced on 5th that Hyundai Mobis has established the 'Electrification Research Center' within the Hyundai Motor Group's Uiwang R&D Center in Uiwang, Gyeonggi Province and held an inauguration ceremony. At the ceremony, the newly appointed President of Hyundai Mobis, Lee
This year has seen a significant improvement in the profits of insurance companies, largely attributed to the substantial increase in insurance gains following the introduction of the new IFRS17 international accounting standard. As banks, which have made large-scale interest income this year, are p
Korea Hydro & Nuclear Power (KHNP) has signed a memorandum of understanding (MOU) with Nusantara Power, a subsidiary of the Indonesian electric power company PLN, for the introduction and construction of innovative Small Modular Reactors (SMR) in Indonesia. The MOU was signed on Dec. 1 (local time)
It has been revealed that HD Korea Shipbuilding & Offshore Engineering is poised for a large-scale order at the end of the year. Depending on the production of eco-friendly vessels, the potential order size is expected to exceed 1 trillion won.According to the shipbuilding industry on Nov. 30, it ha
The Korea Airport Corporation is redrawing its future blueprint, focusing on the “golden route” between Gimpo and Haneda, expanding its role as a business shuttle airport to the capitals and major cities of Korea, China, and Japan.According to the corporation on Nov. 30, plans are underway to expand
Hana Bank announced that on Nov. 29 it hosted a “Global Financial Experience Program” for approximately 110 youths from 34 countries around the world. The program, organized by Hana Bank, was part of the “2023 Overseas Youth Korean Language Education Training” hosted by the Ministry of Education and
Although major Korean companies made extensive use of their available resources to help Busan host the 2030 World Expo, they were unable to overcome Saudi Arabia’s oil money and suffered a crushing defeat in the first round of voting. However, during the bidding process, Korea’s public and private s
Amid the continued positive trend in automotive exports, the export amount index has turned upward for the first time in 13 months, riding on the recovery in the semiconductor market. Due to the decline in international oil prices, the import amount index has experienced eight consecutive months of
Hanwha Ocean has recently entered into a research and development service contract with the Defense Technology Quality Institute for the design of new “magnet-reducing equipment for submarines,” the company announced on Nov. 29. This equipment is designed to reduce the magnetic field generated by su
POSCO Group has commenced operations of South Korea’s first lithium plant. The group is accelerating the establishment of a supply chain and the domestic production of core materials for its secondary battery business, a key driver of its new growth.On Nov. 29, POSCO Group announced the completion o
The S-OIL Science Prodigy and Culture Foundation (President Hong Suk-woo) on Nov. 29 held a ceremony for the 13th Dissertation of the Year Awards and the 5th Next-generation Scientist Fellowship Awards at the headquarters of S-OIL in Gongdeok-dong, Mapo-gu, Seoul. At the ceremony co-organized by the
NPCore, an AI-based cybersecurity solution specialist (hereafter referred to as NPCore), with CEO Han Seung Chul, announced today that it has successfully completed raising 8 billion won in investment through a Pre-IPO. Last month, NPCore received a TI-1 grade from NICE evaluation information's inve
On Nov. 25 (local time), construction began on Hyundai Motor’s electric vehicle-dedicated factory, “Hyundai Motor Group Metaplant America (HMGMA),” in Ellabell, Georgia, the U.S.Alongside the increase in automobile exports, the export of automotive parts is also on the rise. As the supply of finishe
HiteJinro has announced its foray into the U.K. market by launching two types of fruit liqueurs in 88 Sainsbury’s stores, Sainsbury’s Online, and Ocado, as reported on Nov. 28. The company’s soju exports to the U.K. have seen a significant average annual growth rate of about 73% over the past three
Autonomous a2z, a member of the Venture Enterprise Association and an autonomous driving startup, disclosed on Nov. 27 that it has signed a memorandum of understanding with Horiba Mira from the U.K., focusing on future mobility.In October, Autonomous a2z successfully completed a Series B funding rou
LS Cable & System Asia has announced its rebranding to LS Eco Energy on Nov. 27, signaling its expansion into new business areas. This move reflects the company’s ambition to transition from its traditional focus on power and telecommunication cables to a broader scope, including submarine cables an
Coway Co., Ltd., the “Best Life Solution Company,” announced today that its Seoul-based R&D Center, the Coway Environmental Technology Research Institute, has been recognized as an international testing laboratory by the Korea Laboratory Accreditation Scheme (KOLAS) for the 22nd consecutive year.The
China has overtaken Germany as the top exporter of electric vehicles (EVs) to Korea.Korea’s imports of Chinese EVs totaled US$172 million in October, according to the Korea International Trade Association (KITA). That’s more than double the amount of Korea’s German EV imports (US$70 million). This i
An analysis has emerged suggesting that the Morgan Stanley Capital International (MSCI) Korea Index is poised to experience a 20 percent increase in the coming year.On Nov. 26, Bloomberg Intelligence (BI), a research institution under Bloomberg, projected a 58 percent increase in the total earnings