The legal team at Hanmi Pharmaceuticals, responsible for legal responses and consultations, has been selected among the Top 15 Best In-House Legal Teams in Asia.The global legal media outlet Asian Legal Business (ALB) annually evaluates legal organizations of companies headquartered in the Asia-Paci
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
Last month, resident deposits fell below US$100 billion (133.65 trillion won), marking a decline for the first time in four months. This decline is attributed to the strong dollar phenomenon, which has led to a reduction in the conversion value of deposits denominated in euros and yen.According to t
Hyundai Securities said in a company analysis report on Samsung Life Insurance on Sept. 22 that Korea’s biggest life insurer is expected to continue to increase its dividends in the mid to long term as it needs to serve as a major source of funds for deferred payment of the large inheritance tax by
Hyundai Engineering announced on Sept. 21 that it had secured a contract on Sept. 20 for the basic Front End Engineering Design (FEED) services of the Pine Bluff GTL Americas project ordered by GTL Americas.This project entails constructing a facility in Jefferson County, Arkansas, the U.S. that con
The Korea Fair Trade Commission (KFTC) has punished U.S. semiconductor company Broadcom for allegedly forcing Samsung Electronics to sign a long-term contract to purchase parts for smartphones.The Korean market watchdog announced on Sept. 21 that it has decided to slap a fine of 19.1 billion won (US
Westinghouse clarified its position on Sept. 19 (local time) that it will appeal to the U.S. District Court in Washington, D.C. with regard to the court’s ruling to dismiss a lawsuit filed by Westinghouse to block Korea Hydro & Nuclear Power (KHNP)’s export of nuclear reactors via a statement from D
Intel, which has declared its ambition to surpass Samsung Electronics and claim the second spot in the foundry, or semiconductor contract manufacturing, industry next year, showcased its technological prowess by unveiling its first-ever 18A wafer prototype in the 1.8-nanometer (nm) range, demonstrat
SK pharmteco, the Contract Development and Manufacturing Organization (CDMO) subsidiary of SK, announced on Sept. 20 that it has acquired The Center for Breakthrough Medicines (CBM), a U.S.-based Cellular and Gene Therapy (CGT) CDMO.Last January, SK pharmteco invested US$350 million in CBM to streng
A nighttime view of the Wolseong Nuclear Power Plant Shin-Wolseong Units 1 and 2Despite a lawsuit filed by U.S. nuclear company Westinghouse against Korea Hydro & Nuclear Power (KHNP) to hinder its standalone nuclear power exports being dismissed by a U.S. court, Westinghouse has indicated its inten
HJWave, a specialized RF company in the field of millimeter-wave autonomous driving (mmWave, 30-300GHz), announced on Sept. 1 that they have launched the DWnT radar antenna solution applicable to the RF MMIC DF (Direct Feeding) coupling method that supports autonomous driving.The DWnT (Double Wide a
Germany has enjoyed an amicable relationship with China. But China’s economic crisis is putting Germany on pins and needles. Voices are growing in Germany that the country needs to decouple from China to reduce risks from internal issues such as a Chinese real estate slump and the US-China conflict.
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,
FuelCell Energy (CEO Jason Few), a global leading company in fuel cell technology innovation, in collaboration with Toyota Motor North America (TMNA, CEO Tetsuo Ogawa), officially announced the successful completion of the “Tri-gen System.”FuelCell Energy's 'Tri-gen' stands as the world's pioneering
The world’s largest semiconductor contract manufacturing company, Taiwan-based TSMC, is considering focusing its investments in Japan as challenges arise with its U.S. expansion.On Sept. 18, according to industry and foreign media, TSMC is considering building additional factories beyond their exist
Samsung Biologics announced on Sept. 18 that it has signed a contract manufacturing organization (CMO) agreement worth US$242 million (321.3 billion won) with BMS. The agreement entails the supply of biopharmaceuticals to BMS over the next seven years, extending until 2030.BMS, ranked 7th globally i
KEPCO KPS, led by CEO Kim Hong-yeon, has secured a power plant maintenance contract in South Africa valued at approximately 850 billion won.KEPCO KPS signed an agreement to maintain 16 thermal and nuclear power stations owned by South Africa's electricity company, ESKOM, at a sum of 848 billion won.
Hyundai Engineering & Construction (Hyundai E&C) announced on Sept. 17 that it participated in the Poland Krynica Economic Forum as a member of a joint public-private South Korean delegation, where discussions were held with Eastern European countries on strategies for entering the next-generation s
On Sept. 14, HD Hyundai’s HD Hyundai Energy Solution announced that it has signed a solar module supply contract with Portugal’s MCA Company amounting to 130 MW. The total contract value is 422 billion won (US$318 million).Under this contract, HD Hyundai Energy Solution will supply approximately 200
South Korea has taken the first step toward injecting US$2.3 billion into Ukraine’s reconstruction.The Ministry of Land, Infrastructure and Transport (MOLIT) of South Korea organized the first public-private Ukraine Reconstruction Cooperation Delegation and sent the delegation to Ukraine’s capital c