Rebellions, a domestic AI fabless startup, is gearing up for mass production of data center-specific artificial intelligence (AI) chips using Samsung Electronics’ foundry extreme ultraviolet (EUV) process at the 5-nanometer (nm) level.According to industry sources on Nov. 13, Rebellions completed a
La French Tech Seoul, in collaboration with the French-Korean Chamber of Commerce and Industry (FKCCI), successfully concluded the Tech4Good Tour 2023 in Seoul on the 10th, following a week-long exploration of the Korean market with a delegation of innovative startups and SMEs from France. The trans
Three core semiconductor and display materials that Japan put restrictions on when they were exported to Korea in 2019 were extreme ultraviolet (EUV) photoresist, hydrogen fluoride, and flurinated polyimide. Unlike the localization of hydrogen fluoride and flurinated polyimide, Korea has been slow i
The Shanghai Containerized Freight Index (SCFI), which reflects the freight rates for container ships worldwide, has reached its highest levels of the year. However, the substantial decrease in freight rates in comparison to the previous year is having a negative impact on HMM’s profitability.Accord
LG Electronics has opened a heat pump research center in Alaska of the United States to accelerate the development of heating, ventilation, and air conditioning products that deliver high performance even in extreme cold. This is directly related to business-to-business growth, one of the three pill
This summer, the country has seen an unusually high number of landslides due to concentrated heavy rainfalls. In 2023, the nationwide damage from landslides amounted to 2,410 cases with 458 hectares of land lost, resulting in 15 fatalities. Business Korea had a detailed conversation with Choi Byeong
It is expected that China will secure the top position in the South Korean cross-border e-commerce, or direct purchase, market, surpassing the United States for the first time this year. This outcome is driven by Chinese e-commerce giants such as AliExpress, which have aggressively penetrated the So
Investor concerns are growing within the overseas real estate fund market as even prime overseas office buildings with low vacancy rates are showing investment losses. Particularly, as the maturity dates of real estate funds established from 2018 to 2021 are set to continue, warning signs are also o
The top 13 countries in global greenhouse gas (GHG) emissions account for 70 percent of all GHG emissions. As global GHG emissions continue to rise, it will be difficult to reach the 2030 Nationally Determined Contribution (NDC) target, many experts expect.The Federation of Korean Industries (FKI) s
In a recent move, the U.S. designated semiconductor plants of Samsung Electronics and SK hynix in China as “Verified End Users (VEU).” In response, Ahn Deok-geun, the chief trade negotiator of the Ministry of Trade, Industry, and Energy, said, “By mobilizing consultation channels centered on the Pre
Smart sustainable cities need to ensure that vulnerable populations are not left behind in the drive for technological progress, international child protection and sustainable development expert Joanna Rubinstein said Tuesday.Addressing a gathering of international mayors of the World Smart Sustaina
On Sept. 14, SeAH Group announced its participation in H2 MEET 2023, the world’s largest hydrogen industry exhibition, which opened in Goyang, Gyeonggi Province on Sept. 13, showcasing their vision and differentiated technical capabilities in the hydrogen industry.SeAH Group artistically incorporate
The foundry (semiconductor outsourcing) industry leader, Taiwan’s TSMC, has stoked competition in the upcoming 2 nanometer (nm) ultra-fine process technology by acquiring a stake in a global extreme ultraviolet (EUV) photomask manufacturing company.According to industry sources and foreign media on
The “Nujio’qonik” project, in which SK ecoplant plays a vital role, has achieved a significant milestone in its total three phases, valued at 15 Billion USD project. The project has successfully secured sites for wind power generation required for its three phases, building upon the ongoing activiti
Hanwha Ocean will build global production centers for submarines in North America (Canada) and Europe (Poland). The company has recently reorganized its submarine-related specialty ship organization to focus on domestic and international submarine orders worth a total of 80 trillion won.On Aug. 30,
Global leading tire company Hankook Tire & Technology (Hankook Tire) introduced its exclusive technology system for ‘iON,’ a tire brand designed for electric vehicles (EVs), to accelerate the efficiency in Research & Development (R&D) process and to enhance customer communication.Hankook Tire establ
U.S.-based tech giant Meta (formerly Facebook) recently visited South Korea to discuss next-generation DRAM with SK hynix. Nvidia, an AI semiconductor company, is also planning a visit soon.According to industry sources on Aug. 27, Meta officials visited the SK hynix headquarters in Icheon, Gyeonggi
Kim Byung-gu, the head of LG Display’s automotive business group and executive vice president, unveiled LG Display’s OLED displays designed for automotive use and introduced the entire portfolio of premium brands involved in automotive production and development for the first time at IMID 2023, whic
Samsung Electronics has decided to sell a portion of its shares in the Dutch semiconductor equipment manufacturer Advanced Semiconductor Materials Lithography (ASML) after holding onto them for seven years. This move is interpreted as an effort to secure funds for investment, especially as the compa
On July 28, Doosan Enerbility completed a continuous 240-hour operational test of its first domestically produced gas turbine engine with 270 MW output and initiated commercial operation at the Gimpo Combined Heat and Power Plant operated by Korea Western Power (KOWEPO). Through this achievement, KO