LS Eco Energy has recently supplied ultra-high-voltage cable to Denmark, the company announced on April 11.The supply consists of 220 kV underground cables worth US$13 million. These cables will be used to connect the North Sea’s “Thor Offshore Wind Farm” with the inland power network.Since 2017, LS
Celltrion announced on April 11 that “Zymfentra” (the U.S. brand name for Remsima), the world’s first subcutaneous formulation of infliximab for the treatment of autoimmune diseases developed in-house, has completed its formulation patent registration with the United States Patent and Trademark Offi
Hyundai Mobis announced its participation in the 37th World Electric Vehicle Symposium and Exhibition (EVS37), which will take place at COEX in Seoul from April 23 for four days, where it will showcase its core technologies for future mobility.EVS37 is the world’s largest electric vehicle symposium
Following its supply of a 27-inch Organic Light Emitting Diode (OLED) display to Hyundai Motor’s Genesis last year, LG Display recently secured an order for a large Liquid Crystal Display (LCD) from a foreign premium automaker. This display, being the longest among the automotive displays produced b
With China dominating the large-sized Liquid Crystal Display (LCD) panel market, it has now firmly set its sights on expanding its territory in the ultra-large TV market. This move is putting pressure on the pursuit by Samsung Electronics and LG Electronics.According to market research firm Omdia on
After enduring difficulties in the first quarter, major Korean entertainment companies have been aggressively marketing themselves. They are also changing their consumer bases, shifting from a profit structure that relies on core fans to target light fans, those who consume music lightly.According t
HMM is set to enhance its market share on the major U.S. routes by deploying additional container ships. This strategy is part of their plan to seize a “performance turnaround” opportunity by maintaining high sea freight rates ahead of long-term freight contracts.According to the maritime industry o
Thanks to the rise in TSMC’s stock price, the market capitalization gap between the Taiwanese and South Korean stock markets has widened to its largest extent in at least 21 years since 2003.According to Bloomberg, the market capitalization of the Taiwan Stock Exchange Capitalization Weighted Stock
With the recent expanding trend of Banking as a Service (BaaS), which allows consumers to experience banking services through fintech platforms, Shinhan Bank has partnered with the fintech company E9pay, specializing in small-scale overseas remittances.Shinhan Bank announced on April 17 that it has
Lee Boo-jin, CEO of Hotel Shilla, is selling her 5,247,140 shares of Samsung Electronics through off-hours bulk trading, commonly known as block deals. The CEO has consistently been divesting stakes in Samsung Electronics and its affiliates to secure funds for hefty inheritance tax payments.Accordin
The combined market share of the top three Korean battery makers is on a steady decline.SNE Research announced on April 8 that the total battery usage of electric vehicles registered in the world was about 92.4 GWh, up 27.0 percent year on year in January and February.The share of the top three Kore
The Czech Republic has pushed back the deadline for a rebid for the 30 trillion won Dukovany and Temelin Nuclear Power Plant construction project by two weeks at the request of France.CEZ of the Czech Republic announced on April 8 (local time) that it has extended the deadline for submitting revised
Hyundai Motor and Kia Corp. have decided to use lithium-iron phosphate (LFP) batteries produced by Indian companies in their customized electric vehicle models for the Indian market. Localizing batteries that account for 40 percent of the cost of producing electric vehicles is a way to lower prices
Samsung Electronics’ largest labor union opposed wage negotiation issues has secured the right to go on strike backed by overwhelming support in a member vote, sowing the seed of the first strike in the company’s history.On April 8, Samsung Electronics’ largest union, the Nationwide Samsung Electron
Despite challenging business conditions, South Korean petrochemical companies have been disclosed to make record-high investments in research and development (R&D). This strategic initiative is seen as an endeavor to strengthen competitiveness in emerging business sectors like high-value added (spec
TSMC, the world’s largest foundry company based in Taiwan, is set to receive up to US$11.6 billion (15.73 trillion won) in subsidies and loan support for the construction of its plant in Arizona in the U.S.On April 8 (local time), the U.S. Department of Commerce announced a preliminary agreement to
Recent opinion polls suggest that former President Donald Trump is leading in the race in swing states among potential candidates for the upcoming November U.S. presidential election, raising concerns about trade pressure from the United States. During his tenure, former President Trump considered t
Samsung Electronics plans to increase its semiconductor investment in Taylor, Texas, to US$44 billion, as reported by The Wall Street Journal (WSJ) on the April 5 (local time). Two years ago, Samsung announced a US$17 billion investment in the same area to build a state-of-the-art semiconductor manu
With the global surge in artificial intelligence (AI) prompting major tech companies like Apple to consider incorporating next-generation glass substrates in semiconductor processes, South Korean conglomerates including SKC, Samsung Electro-Mechanics, and LG Innotek have joined the fray, heralding a
LG Energy Solution is investing 7.2 trillion won to build a battery production plant in Arizona in the U.S. This investment represents the largest single battery plant investment in history. Despite concerns about a “chasm” in the electric vehicle market, which refers to a temporary slowdown in mass