Hanwha Ocean and Hanwha Aerospace presented their state-of-the-art defense technologies to Dr. David Perry, President of the Canadian Global Affairs Institute (CGAI). The CGAI is recognized as Canada’s leading source of expertise on global affairs and Dr. Perry’s visit is timely as Hanwha is laying
비지니스코리아 Jung Min-hee (pr@businesskorea.co.kr)Lotte Group Chairman Shin Dong-bin has expressed his commitment to focusing on nurturing new business ventures while also considering the possibility of selling underperforming businesses. Regarding the management dispute, he stated, “It has been resolved
Japan’s Sony Group has surpassed Samsung Electronics in operating profit for the first time in 24 years. Just 14 years ago, the combined operating profit of nine major Japanese electronics companies did not even reach half of Samsung Electronics’. With Sony’s strong performance last year, however, i
The race to dominate the 2-nanometer (nm) semiconductor technology is heating up at the beginning of the year, a key battleground among global foundry (semiconductor contract manufacturing) companies.According to industry sources on Jan. 29, major foundry enterprises like Samsung Electronics, TSMC,
Despite halting operations at their Russian appliance factories for over a year due to the Ukraine war, Samsung Electronics and LG Electronics have not yet decided to sell. Instead, they are considering minimizing losses by leasing these facilities to local businesses.According to industry sources o
Samsung Electronics is set to launch its new Galaxy S24 series in China, featuring “Erniebot,” an artificial intelligence (AI) chatbot developed by Baidu as a response to OpenAI’s ChatGPT.According to foreign media reports on Jan. 29 (local time), Baidu announced that Samsung Electronics will utiliz
Hugel announced on Jan. 29 that it has launched HA fillers in Thailand. The company successfully launched the products after obtaining a product license from the Thai Food and Drug Administration (TFDA) in August last year, becoming the first company to enter the Thai HA filler, botulinum toxin, and
Korea-based automakers exported 2.76 million vehicles to 196 countries in 2023, according to the Korea Automotive and Mobility Industry Association (KAMA). This was the highest in eight years since 2015. Exports to the U.S. smashed the 1-million-unit milestone.Six Korea-based carmakers -- Hyundai Mo
Bentley Motors announced on Jan. 29 that it delivered a total of 13,560 units in the global market last year, the third highest performance in its history.In South Korea alone, the automaker sold a total of 810 vehicles in 2023. For the second year in a row, South Korea ranked fifth in Bentley sales
As of November last year, the National Pension Fund’s (NPS) rate of return approached double digits. Despite concerns about a global economic downturn, the strength of the stock market resulted in the evaluation of the fund’s assets surging to nearly 1 quadrillion won.The NPS Investment Management d
Meditox announced on Jan. 29 that its “Neuraderm” has been launched on Japan’s largest e-commerce platform, Rakuten Ichiba (Rakuten).Rakuten is known as Japan’s largest e-commerce shopping platform, boasting an annual transaction volume of 5.6 trillion yen (US$37.82 billion) and holding a high marke
The Korea Investment Corporation (KIC) announced on Jan. 29 that it has established its fifth overseas hub, following the opening of offices in New York, London, Singapore, and San Francisco.The new hub is the Mumbai office in India, marking the KIC’s first overseas presence in an emerging market. T
Celltrion announced on Jan. 29 that it has completed its application to the U.S. Food and Drug Administration (FDA) for the approval of CT-P47, a biosimilar to the autoimmune disease treatment drug Actemra (ingredient name: tocilizumab). The application was based on the results of a global Phase 3 c
SoftBank Ventures Asia is officially changing its company name to SBVA from beginning of February 1st after The Edgeof acquired the company from SoftBank Group Corp.(SBG) in June of last year. The new SBVA embraces the concept of technological singularities and the broader impacts of the virtues of
Doosan Enerbility is advancing its efforts to supply carbon-neutral power generation technologies, including Carbon Capture, Utilization, and Storage (CCUS) and ammonia co-firing, renewables, and hydrogen to Thailand. On Jan. 29, the company announced the signing of a memorandum of understanding (MO
South Korea’s share of China’s import market fell to 6 percent last year. This is the lowest level in 30 years since 5.2 percent in 1993, the year after the establishment of diplomatic relations between South Korea and China. South Korea also slipped to third place in the rankings of countries from
Samsung Electronics has been confirmed to have established a new next-generation memory research and development (R&D) organization to preempt the market of 3D DRAM, often referred to as “dream memory.”According to industry sources on Jan. 28, Samsung Electronics’ Semiconductor (DS) division recentl
In 2023, Chinese smartphone manufacturers continued to expand their adoption of OLED technology, increasingly sourcing their required volumes from domestic display panel companies. This shift has led to Chinese display manufacturers breaking through a 40 percent market share.According to market rese
Samsung Electronics is set to revolutionize the Chinese smartphone market with its upcoming artificial intelligence (AI) phone, the Galaxy S24 series, featuring Baidu's generative AI. This strategy, aimed at enhancing AI service quality through collaboration with various AI partners and capturing th
At the beginning of this year, the Consumer Electronics Show (CES) 2024, the world’s largest consumer electronics and IT exhibition, brought into focus the trend of “on-device AI,” or artificial intelligence operating within the device. The emergence of devices equipped with this technology is injec