On Sept. 25 (local time), Hana Financial Group announced that it has signed a memorandum of understanding (MOU) with the Saudi Export-Import Bank (Saudi EXIM) in Riyadh for the expansion of cooperative businesses within the Middle East.This marks the first business agreement between the Saudi EXIM B
Speculation is mounting that Hyundai Motor may follow the footsteps of Nissan, Renault, and Mazda, which withdrew from Russia under a “1 euro sale contract” that included a repurchase condition (buyback clause). Following the end of the war in Ukraine, the Russian government has suggested a buyback
POSCO International announced on Sept. 26 that it has signed a framework agreement on the establishment of a joint venture for the food investment business with Bartlett & Company, a leading local grain company, in Kansas City, the U.S., on Sept. 25.Bartlett is a food-specialized company with about
Ford has decided to suspend the construction of an automotive battery plant in Michigan with Chinese battery maker CATL. Strong opposition from U.S. lawmakers to Chinese companies building battery production facilities in the United States to circumvent the U.S. Inflation Reduction Act (IRA) is the
SK ecoplant, an environmental and energy firm, along with its subsidiary TES, will collaborate with Ascend Elements, an innovative U.S. waste battery recycling company, to establish a waste battery recycling joint venture (JV) in the U.S. and commence the construction of a pre-treatment facility.On
A technology that maintains high hydrogen production efficiency over a long period by leveraging semiconductor technology capable of implementing a three-dimensional network structure has been developed.On Sept. 25, the Korea Advanced Institute of Science and Technology (KAIST) announced that a join
SKC will build the world’s largest eco-friendly biodegradable material production facility in Hai Phong City, Vietnam.SKC announced on Sept. 25 that Ecovance, an investor in the biodegradable materials business, has received an investor registration certificate (IRC) from Hai Phong City at the Hai P
U.S. semiconductor company Broadcom said on Sept. 25 that it plans to file an administrative lawsuit against the Korea Fair Trade Commission (KFTC)’s decision to impose a fine on Broadcom.“We regret the decision by the KFTC,” Broadcom said in a statement, adding that it plans to appeal to the Seoul
South Korea’s battery industry is on high alert due to the potential designation of companies as “Foreign Entities of Concern” (FEOC) by the United States. If Chinese companies that supply raw materials and substances to Korean firms get listed as FEOCs, it could hinder these firms from receiving th
Huawei Connect 2023 kicked off in Shanghai today, bringing together business leaders, tech experts, partners, developers, and industry stakeholders from around the world to explore new opportunities for an intelligent future.At the event, Sabrina Meng, Huawei's Deputy Chairwoman, Rotating Chairwoman
Financial authorities have declared war on unfair trading forces, including stock manipulation. They will swiftly freeze accounts suspected of unfair trading, apply a zero-tolerance policy, and increase the reward for reporting to 3 billion won (US$2.24 million), up from 2 billion won (US$1.49 milli
Concerns are growing among domestic businesses as former U.S. President Donald Trump has pledged to nullify President Joe Biden’s electric vehicle transition policy if elected in the 2024 presidential election.Former U.S. President Donald Trump recently criticized President Biden’s electric vehicle
SK C&C is joining forces with NEAR Protocol to expand the convergent Web3.0 service ecosystem. On Sept. 21, SK C&C revealed that they have entered into a “strategic partnership for Web3.0 business expansion” with the NEAR Foundation, which oversees the Layer1 blockchain NEAR Protocol. Through this p
Hanwha Ocean announced on Sept. 21 that they recently signed a Joint Industry Project (JIP) agreement with Greece’s Ecolog, the American ship classification entity ABS, and Scotland’s Babcock LGE to develop a 40,000㎥ class large liquefied carbon dioxide (LCO2) carrier vessel. Through this agreement,
On Sept. 20 (local time), the Chong Kun Dang Kochon Foundation announced that it had held the “17th Kochon Prize Ceremony” at the U.N. Headquarters in New York on Sept. 21.This year, the Kochon Prize focused on the theme of “Recognition for medical professionals who do not give up on tuberculosis tr
In a collective move to fortify the digital skills pipeline, Huawei, the ASEAN Foundation, and the Southeast Asia Ministers of Education Organization (SEAMEO) today hosted the Seeds for the Future Summit 2023. Under the theme "Connect, Cultivate, Contribute for Inclusive Digital Talent Growth in Asi
Hyundai Motor Group and the Georgia Institute of Technology (Georgia Tech) have officially signed a memorandum of understanding (MOU) for future mobility collaboration on Sept. 19 (local time) at the Georgia Tech John Lewis Student Center in Atlanta, Georgia. Chung Eui-sun, chairman of Hyundai Motor
The world’s largest semiconductor foundry, TSMC, announced on Sept. 19 that it plans to achieve RE100 ten years ahead of its original goal set for 2050. Furthermore, the company has increased its renewable energy consumption goal for 2030 from 40% to 60% of its total consumption.TSMC revealed that,
Celltrion announced on Sept. 19 that it is focusing on securing various platforms and pipelines including oral antibody therapeutics, antibody drug conjugates (ADCs), new antibody drugs, bispecific antibodies, microbiomes and anti-cancer virus platforms through development and research as well as op
SK chemicals announced on Sept. 19 that it has signed a memorandum of understanding (MOU) to jointly develop a waste plastic recycling business at the headquarters of Lovere, a waste recycling company in Shanghai, China.Starting in 2024, the two companies will develop a business to recover and sort