On April 23, Samsung SDI announced that it will showcase future battery technology for electric vehicles to global scholars at the “37th Electric Vehicle Symposium & Exhibition (EVS37).”EVS is the largest electric vehicle symposium and exhibition worldwide, starting in 1969. It is an event where glo
At one point, 8 out of 10 Chinese smartphones used Organic Light Emitting Diode (OLED) panels from Korean companies. Now, that number has plummeted to less than 2 out of 10, indicating a dramatic drop in the market share of Korean companies as China encourages the use of domestically produced compon
Samsung Electronics has launched a next-generation NAND flash product with the industry’s highest-stacked semiconductor cells. With the surge in artificial intelligence (AI) demanding vast amounts of image and video data, the value of NAND storage is also rising.On April 23, Samsung Electronics anno
It has emerged that the domestic battery industry, which received trillions of won in tax deductions in the United States last year, might need to pay nearly 200 billion won in additional taxes by 2026 due to the implementation of a global minimum tax. Battery companies are currently investing in th
Global leading tire company Hankook Tire & Technology (Hankook Tire)’s iON evo SUV, a high-performance tire specially designed for electric vehicles, has received the highest rating, “Exemplary” in a tire test conducted by the German automotive magazine Auto Bild. Through this, a company once again
Samyang Foods’ flagship brand “Buldak Series” is making waves in the global market, garnering successive attention from local media. Particularly, it continues to uphold the “Buldak Legend” with comprehensive support of Kim Jung-soo, vice chairman of Samyang Round Square.Based on industry sources on
As Samsung Electronics launches its new all-in-one personal computer (PC), Intel, the provider of the central processing unit (CPU), has announced its intention to work with Samsung Electronics to develop the AI PC market together.Bae Tae-won, vice president of the Intel Korea Samsung Business Divis
LG Electronics is accelerating its business expansion in the B2B sectors like delivery and logistics by focusing on robotic solutions.On April 22, LG Electronics announced that it would supply its AI autonomous delivery robot, the “LG CLOi ServeBot (double-door)” to Kakao Mobility’s “BRING” robot de
With the ongoing competition in the AI semiconductor sector, the foundry (contract chip manufacturing) industry is facing a new challenge due to stagnant demand and overcapacity. Concurrently, the rivalry for dominance in the high-bandwidth memory (HBM) segment, a crucial component in AI, is intensi
SK telecom announced on April 22 that it has been ranked first in artificial intelligence indicators among 12 major global telecommunications companies, according to a survey conducted by U.K.-based market research firm Omdia.Omdia’s report, titled “Strategies for Telcos Transitioning to Tech Compan
South Korea is expected to maintain its position as the most expensive country for smartphones in the world. Since surpassing Japan in 2021, South Korea has held onto this top spot without challenge, with forecasts suggesting it will continue to have the highest average selling price (ASP) for smart
Lee Jae-yeon, vice president of SK hynix’s next-generation semiconductor research and development division, the Global Revolutionary Technology Center, stated on April 22 that “Emerging Memory will set a new paradigm for the AI era.”Emerging Memory refers to memory technology based on new forms or p
Interest in the Chinese e-commerce platform that surged in the Korean market with its low-price strategy appears to be waning. The average usage time for the AliExpress app (combining Android and iOS) has plummeted to levels last seen three years ago, and the transaction volume is also at a meager l
Korea Hydro & Nuclear Power (KHNP) and Électricité de France (EDF) are vying for a contract to build nuclear power plants in the Czech Republic, which are estimated to be worth at least 30 trillion won. If KHNP wins the order, it will mark the first nuclear power export from South Korea in 15 years
The Federation of Korean Industries (FKI) will hold a seminar on “Global Economic Turbulence: Prospects and Implications for the World and Korean Economy” from 09:30 on Tuesday, April 30 at the FKI Tower Conference Center in Yeouido.The seminar is being held to assess the global economic impact of r
In South Korea, Samsung Galaxy is the overwhelming choice among smartphone users, while Apple’s iPhone is more popular among unmarried females and members of households with middle or higher incomes, especially those under 20.On April 21, industry reports revealed that the Korea Information Society
lecom. The goal is to boost AI service competitiveness by leveraging Korea’s world-leading semiconductor and communication technologies. As Microsoft and the Tech Big 4 have much to offer each other in business structures, this AI collaboration is expected to be a win-win for both parties.On April 2
Korean appliances are making strides in Europe, one of the world’s most conservative markets. Although the European market is known for its traditional preferences, Korean companies have carved out a strong presence by adopting tailored strategies that cater to local tastes.Last year, LG Electronics
Samsung Electronics and SK hynix are engaging in fierce competition to lead the next-generation semiconductor market in the age of artificial intelligence (AI). Both companies are striving to gain an edge through new product development and mass production timing. With Intel joining the fray, the gl
Seoul is considering establishing an international school in the international financial center of Yeouido in Seoul. The idea is to create a comfortable environment for foreigners to live in Seoul in order to attract more overseas investment.The Seoul Metropolitan Government will launch a service to