SK’s oil development project, which has been aiming to become a “resourceless oil-producing country” for 40 years, is expected to record its highest performance ever this year. The plan is to maximize profitability through full-scale production in the Chinese block, for which it has secured independ
The Carlyle Group, a global private equity fund management firm, is stepping in as a facilitator for the overseas mergers and acquisitions (M&A) of domestically prominent defense companies with a stature that is growing worldwide.According to industry and investment banking (IB) sources on March 24,
As Chinese shopping platforms such as AliExpress, Temu, and Shein continue to expand their presence within the domestic market, it has been revealed that seized counterfeit Chinese imports amount to a staggering 1.8 trillion won over the past five years.According to the Korea Customs Service on Marc
Pulmuone's Museum Kimchikan announced on the 24th that it will expand the number of kimchi experience programs for foreign visitors who want to experience Korean kimchi and kimjang culture from the existing 2 to 4 starting this month.As the number of foreign visitors interested in experiencing kimch
Moon Hyuk-soo, the CEO of LG Innotek, announced on March 21 that the company is planning to increase its current automotive electronics (electronic systems) sales from 2 trillion won to 5 trillion won within the next five years.After being appointed as an inside director at the regular general meeti
Naver is taking a significant step into the robotics market by unveiling the world’s first robot operating system based on a web platform. Its greatest strength is compatibility with web services, positioning Naver to become the “Android of Robotics” in the still-nascent robot OS market.During the ‘
POSCO Holdings, the holding company of POSCO Group, elected Chang In-hwa as its chairman in a general shareholders meeting and a Board of Directors meeting at the POSCO Center in the Gangnam district of Seoul on March 21. Chang will serve a three-year term.Tough challenges are facing Chang, who star
The possibility of exporting South Korea’s indigenous helicopter, Surion, to Iraq is increasing. Following visits by high-ranking Iraqi military officials, the Iraqi Defense Minister’s visit to South Korea has heightened discussions about the introduction of the Surion. The potential first export of
Investment in 12-inch (300 mm) fab (semiconductor production plant) equipment is expected to surpass US$100 billion by 2025 and reach US$137 billion by 2027.The International Semiconductor Equipment and Materials Association (SEMI) reported on March 20 in its “300 mm Fab Outlook” that investment in
Samsung Display and LG Display, the two major Korean display makers, have begun the second round of their battle in the display market. Unlike LG Display, which makes large-sized panels, Samsung Display makes smash hits focused on small and medium-sized panels. LG Display is trying to reverse its fo
Thanks to the government’s Value-Up program, high-dividend and low price-to-book ratio (PBR) stocks are garnering attention. However, some large-cap stocks are still sticking to their non-dividend policies, leading to increasing discontent among shareholders.According to the Korea Exchange on March
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
SK hynix has strengthened its dominance in the High Bandwidth Memory (HBM) market by becoming the first to mass-produce the 5th generation HBM, HBM3E DRAM, and supply it to the American semiconductor company Nvidia, following its success with HBM3.On March 19, SK hynix announced that it would supply
The growth of leading domestic companies in the medical AI field is becoming evident, as the number of clinical trial applications, approvals, and authorizations rapidly increases. Medical AI involves AI trained on various disease data, analyzing patients’ Computed Tomography (CT) scans or Magnetic
SK hynix Inc. announced today that it has begun volume production of HBM3E1, the newest AI memory product with ultra-high performance, for supply to a customer from late March. The company made public its success with the HBM3E development just seven months ago.SK hynix being the first provider of H
With the unprecedented boom in the U.S. stock market since the beginning of this year, domestic individual investors have poured 4 trillion won (US$3 billion) into direct stock investments abroad, surpassing four times the amount invested during the same period last year. Securities firms are also r
Sam Bird (GBR) beats the heat with the Hankook iON Race to win the ABB FIA Formula E World Championship race in the Brazilian megacity of São Paulo. Despite an ambient temperature of 35 degrees, rising to around 60 degrees on the asphalt at the 2.933-kilometer high-speed circuit around the Anhembi S
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
Kwak Hyung-chan, the manager of the Automotive Optics Team at Samsung Electro-Mechanics’ Optical Communication Solutions Division, discussed the competitive edge of Samsung Electro-Mechanics’ camera module business during a technology briefing held on March 14. He highlighted the company’s “independ
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