The Korea Chamber of Commerce and Industry announced on March 12 that it appointed Vice Chairman Cho Hyun-sang of Hyosung as the new chairman of the Korea-Vietnam Economic Cooperation Committee on March 11.The Korea-Vietnam Economic Cooperation Committee was jointly established by the Korea Chamber
Despite a slowdown in electric vehicle (EV) demand, Panasonic, a Japanese battery company, is considering further investment in its De Soto, Kansas, factory in the United States to increase production capacity for the 4680 cylindrical battery, which has five times the energy capacity of existing bat
Hyundai Motor Group has completed the development of ultra-fast chargers and will begin to distribute them in earnest. The internalization of ultra-fast chargers is expected to speed up the expansion of electric vehicle infrastructure.According to sources in the automotive industry on March 11, the
The number of properties purchased by foreigners exceeded 15,000 in Korea in 2023, marking a new high of foreigner real estate buyers on record.According to the latest data on buyers applying for registrations of ownership transfer after purchases and sale on the court registration information plaza
Doosan Enerbility is participating in Saudi Arabia's largest combined cycle power plant project.The company announced on March 11 that it has signed a contract with SEPCO-3 to supply equipment for the Taiba 1 Integrated Cycle Power Plant and Qasim 1 Combined Cycle Power Plant in Saudi Arabia. With t
Incheon Metropolitan City and Shinhan Bank announced that they have signed a memorandum of understanding (MOU) at the Incheon City Hall meeting room on March 11 to secure the hosting of the Asia-Pacific Economic Cooperation (APEC) summit in South Korea in 2025.At the signing ceremony, Mayor of Inche
Celltrion announced on March 11 that it has completed the application process for U.S. Food and Drug Administration (FDA) approval of “CT-P39,” a biosimilar to the asthma and chronic idiopathic urticaria treatment XOLAIR. The company applied for product approval based on the results of a global Phas
SK ecoplant has partnered with the global resort company Therme Group to advance the development of a European-style spa and resort in Songdo.On March 8, SK ecoplant announced the signing of a memorandum of understanding (MOU) with Therme Group for the resort development and construction, as well as
Samsung Bioepis announced on March 10 the clinical results of SB5, a biosimilar to the blockbuster drug Humira, at the American Academy of Dermatology (AAD) Annual Meeting held in San Diego, California, in the U.S. on Feb. 8 (local time). This study aimed to verify whether SB5 can be interchangeably
Choi Yoon-ho, president and CEO of Samsung SDI, announced on March 6, at the opening ceremony of InterBattery 2024, the largest battery exhibition in South Korea held in COEX, Gangnam, Seoul, that “46 mm diameter batteries will be sufficiently ready for mass production by early 2025,” and the exact
SK bioscience, a global innovative vaccine and biotech company committed to promoting human health from prevention to cure, announced today that the company broke ground on a major expansion of its vaccine manufacturing plant, L HOUSE, located in Andong, Gyeongsangbuk-do, South. The groundbreaking c
The conflict over wage negotiations between Samsung Electronics and its labor union has escalated as the two sides failed to reach an agreement in the first mediation meeting, sparking heightened interest in the possibility of a strike materializing.According to industry sources on March 6, Samsung
Naver Team announced on March 5 that it signed a partnership with Aramco Digital, a subsidiary of Saudi Aramco, to foster digital innovation in the Middle East and North Africa (MENA) region, including Saudi Arabia.Through this agreement, both parties aim to establish a sovereign cloud and super app
Samsung Biologics announced on March 6 that it has entered into a contract manufacturing organization (CMO) production agreement valued at 381.9 billion won (US$287.0 million) with UCB, which is headquartered in Belgium. This agreement is an increase to the contract signed in 2017 with the company,
Taihan Cable & Solution Co. announced on March 6 that it is set to supply a high-voltage power grid worth approximately US$38 million to the global infrastructure group Balfour Beatty.This project involves the construction of a new 132 kV high-voltage power grid in the northern region of the U.K. It
The Korean government will launch the Top 10 Promising Markets Trade Mission, which will lead strategic market exploration to help the country achieve US$700 billion, the largest ever, in exports this year,.The Ministry of Trade, Industry and Energy (MOTIE) announced on Mar. 5 that it will send the
Last quarter, the global semiconductor industry witnessed a nearly 30% increase in DRAM revenue compared to the previous quarter. According to TrendForce, a market research firm based in Taiwan, on March 5, global DRAM revenue reached US$17.46 billion in the fourth quarter, marking a 29.6% growth fr
Samsung Electronics is set to make a groundbreaking reveal at an Nvidia event, showcasing a physical High Bandwidth Memory (HBM) 3E 12-tier (H), which is slated for mass production in the first half of this year.As Nvidia, a key customer of HBM, prepares to launch its next-generation artificial inte
The Ministry of Trade, Industry and Energy announced this year it will invest a total of 1.141 trillion won in research and development (R&D) for materials and components technology, focusing on creating a significant lead in advanced industries, stabilizing supply chains, and achieving carbon neutr
The battery industry is set to unveil a bunch of new technologies at Interbattery 2024, Korea’s largest secondary battery industry show.LG Energy Solution will take the wraps off its cell to pack (CTP) product at InterBattery 2024 which will run from Feb. 6 to 8 at COEX in Seoul.Cell-to-pack technol