K-beauty companies are gaining tremendous popularity in the Japanese market, surpassing beauty powerhouse France. Leveraging cost-effectiveness and product quality, these companies are showcasing their presence across both online and offline markets, offering a range of products from basic skincare
McKinsey & Company released an economic diagnosis report titled “Korea’s Next S-Curve” on Dec. 11. This report comes ten years after the firm’s previous report titled “Beyond Korean style: Shaping a new growth formula,” suggesting that the South Korean economy has reached its growth limits.In its re
STRADVISION, an automotive industry pioneer in deep learning-based vision perception technology, announced today that its CTO, Jack Sim, presented a groundbreaking study, "Efficient Deep Learning Development through Teacher-Student Learning and Sprints and Its Application to 3D Perception Systems,"
SK Group Chairman Chey Tae-won has not stopped his overseas business travels, going to the United States and Europe towards the end of the year in December.The SK chairman visited SK hynix America in San Jose and three affiliates and investors, including Gauss Labs and Lunar Energy, in the United St
SK bioscience, an innovative vaccine and biotech company committed to promoting human health from prevention to cure, announced that the updated COVID-19 vaccine (NVX-CoV2601) developed by Novavax, a global company advancing protein-based vaccines with its Matrix-M adjuvant, has begun to be supplied
Among the business groups subject to disclosure with assets exceeding 5 trillion won (US$3.79 billion), or large corporate groups, last year, Celltrion secured the top spot for the sixth consecutive year with the highest proportion of internal transactions. The overall internal transaction ratio of
Korean battery manufacturers are focusing on silicon anode materials as a key strategy to reduce dependence on Chinese graphite, a major weakness of K-batteries. This next-generation material is estimated to have an energy density about 10 times higher than the graphite-based anode materials current
As the Foreign Entity of Concern (FEOC) regulation under the U.S. Inflation Reduction Act (IRA) is set to be implemented from Jan. 1 next year, the potential benefits for domestic battery material companies are drawing attention.On Dec. 11, the battery material industry is closely monitoring the pos
Poland, on the brink of a regime change for the first time in eight years, faces concerns that defense equipment contracts signed with South Korea could be nullified following the general elections in October.According to Reuters on Dec. 10 (local time), Simon Holownia, a member of the opposition al
HD Hyundai Heavy Industries (HHI) is considering importing blocks for merchant ships from China for the first time since its establishment. Until now, all of the blocks for merchant ships have been manufactured by HD HHI’s Korean partners and delivered to HD HHI.According to industry sources on Dec.
Domestic battery companies are groaning under the unreasonable demands of global automotive brands. The automotive companies, both customers and joint venture (JV) partners of the battery industry, are intensifying their oppressive tactics as the demand for electric vehicles slows down. This trend o
Huawei’s launch of a 5G smartphone equipped with a 7-nanometer chip in August sparked immediate calls in the United States for stronger sanctions against China, highlighting the global significance of the U.S.-China tech competition.However, upon closer examination, this U.S.-China tech rivalry also
SK bioscience, a global innovative vaccine and biotech company committed to promoting human health from prevention to cure, announced today that SK bioscience and Sanofi have initiated the submission process of an Investigational New Drug(IND) amendment to the U.S. Food and Drug Administration(FDA)
President Yoon Suk-yeol is set to make a state visit to the Netherlands from Dec. 11 to 14, spanning four days and three nights.This marks the first state visit to the Netherlands by a Korean president since the establishment of diplomatic relations between the two countries in 1961. During this vis
LG Household & Health Care announced on Dec. 7 that it has recorded a 300 percent increase in sales about six months since launching its first cosmetics on Japan’s leading online shopping site Qoo10.LG Household & Health Care has been steadily launching LG Household & Health Care branded products on
비지니스코리아 Jasmine Choi (pr@businesskorea.co.kr)Chinese panel manufacturer BOE is poised to overtake Samsung Display as the world leader in foldable panels by the end of the year, propelled by the aggressive market expansion of Chinese smartphone makers.Market research firm DSCC reported on Dec. 7 that
SK telecom has executed an organizational restructuring and executive appointment on Dec. 7 as part of its ambitious leap towards becoming a global AI company. Yoo Young-sang has successfully retained his position as the CEO of SK telecom.In September SK telecom announced its AI Pyramid strategy foc
Samsung C&T is leading the smart construction market by actively introducing robotic technology to replace high-risk tasks on construction sites. Notable examples include floor robots for access floor construction, anchor construction robots, and drilling robots.In 2021, Samsung C&T commercialized a
LG Energy Solution has successfully developed next-generation battery technology that enables a driving range of 900 kilometers on a single charge.On Dec. 7, a joint research team from LG Energy Solution and the Korea Advanced Institute of Science and Technology (KAIST) announced that they have deve
SK hynix has established a dedicated organization named “AI Infrastructure” (AI Infra) to strengthen its competitiveness in the high bandwidth memory (HBM) business, a high-value product segment. The AI Infra organization is led by Vice President Kim Joo-sun, who previously headed the Global Sales &