Samsung C&T has sold the rights to a solar power project of 200 megawatts (MW) to Hanwha Solutions. The sale comes after all preparatory work for the construction of the solar power plant was completed, suggesting that Samsung C&T disposed of the project to recover its investment.According to the in
The European Patent Office (EPO) announced on March 19 (local time) that it had received a record number of patent applications in 2023. This indicates the attractiveness of the European technology market and the increase in research and development investments by companies.In 2023, the number of pa
Samsung Electronics is embarking on the development of next-generation Artificial General Intelligence (AGI)-dedicated semiconductors through its recently established AGI Computing Lab.Kyung Kye-hyun, president of Samsung Electronics’ Device Solutions Division, expressed his excitement on his social
Samsung Electronics and SK hynix are expected to have a production capacity of over 100,000 High Bandwidth Memory (HBM) units by the end of this year. The two companies are set to ramp up their HBM production more aggressively than the previous year, signaling a fiercer market competition.According
India, the world’s third-largest automobile market, is expected to emerge as an electric vehicle battleground after the United States and Europe. This is because the Indian government, which has been sticking to high tariff barriers, has launched a drastic tariff reduction policy to attract global e
A huge wave that began with Chinese e-commerce platform AliExpress is now on the horizon, making it to more difficult to predict the future of the Korean e-commerce market.While Korean e-commerce players are competing fiercely for survival, the United States, China, and other Asian countries have jo
Attacks on Samsung Electronics by patent trolls are becoming increasingly cunning. These entities are focusing on purchasing patents with broad scopes that can be applied to various products and then targeting companies that release related products. Among global information technology (IT) companie
The U.S. Congress began to keep Hyundai and Kia in check as the two Korean automakers continue to enjoy the growth of their electric vehicle sales in the U.S. market. The U.S. Congress made a thing of their business strategy of discounting subsidized electric vehicles through a lease car exception u
Kumho Tire plans to invest more than 1 trillion won to build its inaugural factory in Europe by 2027. The company intends to evaluate incentives and tax benefits pledged by four countries -- Romania, Serbia, Portugal, and Turkey -- including the size of subsidies, before finalizing the factory’s loc
On March 13, the U.S. House of Representatives passed a bill to ban TikTok, a Chinese video platform, from being downloaded in the United States due to security concerns. The bill was approved with an overwhelming majority of 352 votes in favor and 65 against. Europe is also engulfed in national sec
For the fourth consecutive month, semiconductor exports have shown double-digit growth rates, leading the charge in exports. With increases in exports across various components such as displays and computer/peripheral devices, the Information and Communication Technology (ICT) sector as a whole is s
SK bioscience, a global innovative vaccine and biotech company committed to promoting human health from prevention to cure, announced today Prof. Jan Holmgren of Sweden, and Profs. Barney Graham and Jason McLellan of the United States as the winners of the 2024 International Vaccine Institute-SK Bio
The United States targeting Chinese-made goods as part of its supply chain localization and trade war strategies is expected to affect China’s shipbuilding industry after the Chinese semiconductor industry.According to the Financial Times (FT) and other foreign media outlets, U.S. President Joe Bide
Hyundai Motor Group Chairman Chung Eui-sun met with Arkansas Governor Sarah Huckabee Sanders, a close confidant of former President Trump.According to industry reports on March 12, Chung met with Sanders during her visit to Korea and discussed possible cooperation between the two sides. He was accom
Even after surpassing the “psychological resistance level” of 100 million won, bitcoin continues its upward trend in the domestic market.In particular, a phenomenon known as the “kimchi premium” is observed, where the price of bitcoin in the domestic market is forming higher than that in the U.S. ma
Hyundai Motor Group will launch a large-scale electric vehicle recall. It is the largest voluntary recall in three years since the automaker entered the market with an electric vehicle-only platform (E-GMP) in 2021. Hyundai and Kia will replace faulty integrated charging control units (ICCUs) in som
LG Electronics will invest US$60 million in AI-based autonomous service robot startup Bear Robotics based in Silicon Valley of the United States.LG Electronics announced on March 12 that it has entered into a share subscription agreement to invest US$60 million in Bear Robotics to acquire a stake in
Taiwan’s TSMC, the worldwide leader in the semiconductor foundry industry, has surpassed 60 percent of the market share, widening its gap between with second-ranked Samsung Electronics. In the fourth quarter (October-December) of 2023, the foundry market grew about 8 percent from the previous quarte
As the global semiconductor war has become a hot race among nations, major countries such as the United States, China, and Japan have been providing large cash support to their own companies or foreign companies that make investments in their semiconductor industries to boost the growth of their sem
Coupang announced on March 11 that it has expanded its “Rocket Direct Purchase” service to Japan. The company has been expanding its direct purchase regions, starting from the United States in 2017, followed by China in 2021 and Hong Kong in 2022.Coupang’s decision to add Japan to its Rocket Direct