Korean mobile carriers are embracing open innovation to boost the competitiveness of their AI speakers as Google is set to release AI home speaker 'Google Home' in Korea in the first half of this year.They are actively pursuing collaboration with other companies, mainly in the field of conte
Korea's third largest cryptocurrency exchange Coinone will set up an overseas cryptocurrency exchange for the first time as a Korean company. A sharp decline in trade in the Korean cryptocurrency market has made it difficult for Korean cryptocurrency exchanges to secure profitability, leading th
The sale of the memory business unit of Toshiba, the world's second largest NAND flash maker, eventually passed its deadline. Some analysts say that the sale was aborted as China's anti-trust authorities did not approve the sale and they did it on purpose as China declared its promotion of the Chine
Samsung SDI won orders for mid- to large-sized batteries from overseas, including those for electric cars, electric commercial vehicles and energy storage systems (ESSs) this month alone. Strategies for cooperation with local companies paid off handsomely.According to the battery industry and foreig
Hyundai Merchant Marine Co. (HMM) and SM Line Corp. have succeeded in establishing partnerships with large companies at home and abroad one after another. Earlier, the two companies decided to find ways to survive separately rather than cooperation between the national flag carriers under the govern
According to industry sources on March 17, official negotiations for KORUS FTA revision ended on March 16 (local time) but South Korean negotiators, including Trade Minister Kim Hyun-chong, are going to stay in Washington D.C. until next week for negotiations regarding steel tariffs. White House sp
U.S. President Donald Trump signed an administrative order to impose a 25% tariff on imported steel in accordance with Section 232 of the Trade Expansion Act of 1962 while exempting Canada and Mexico unlike South Korea. The two countries are the largest and fourth-largest steel exporters for the U.S
China's Tsinghua Unigroup is cooperating with Intel Corp. to develop 3D NAND flash memory chips in earnest. Tsinghua Unigroup supported by the Chinese government’s huge amount of capital is joining forces with Intel which has technology in memory chips.According to DRAMeXchange and industry sources
The Donald Trump administration of the US will continue to renegotiate the North American Free Trade Agreement (NAFTA) and to make an improvement to the Korea-US Free Trade Agreement (FTA), the White House said on February 28 (local time).The White House put out this announcement, clarifying five po
Hyundai Merchant Marine will launch a new service to Europe from Asia. It is analyzed by some experts that the Korean shipping company’s cargoes to Europe were separated from services of 2M, a strategic alliance, showing its move for independence.On February 28, Hyundai Merchant Marine announced tha
The Korean Minister of Trade, Industry and Energy said on February 27,that minister Baek Woon-gyu visited the UAE for three days from February 24 and met with five ministers of the UAE and Abu Dhabi governments. In the meeting, both sides agreed to promote economic cooperation between the two nation
Secondary battery makers are stepping up their efforts to tap into the fast-growing ESS market. The global ESS market is expected to grow rapidly as the US, the largest consumer has been showing a sign of deregulation. Therefore, Korean companies are focusing on increasing their competitiveness thro
Samsung Electronics will invest in artificial intelligence (AI) and games jointly with Tencent, the largest information technology (IT) company in China and the largest online game company in the world. This means that the two leading Korean and Chinese IT companies are building an alliance in the s
Samsung Electronics will produce Qualcomm's fifth-generation mobile communication semiconductors via a seven-nanometer foundry process.According to Samsung Electronics, the company decided to cooperate with Qualcomm in a seven-nanometer foundry process to be developed this year. Specified products v
General Motors (GM) said that the automaker will make the final decision about its business in South Korea following the closure of Gunsan Plant at the end of February. The end of February is near at hand.It is expected that the ongoing collective bargaining between the labor and management of GM Ko
U.S. President Donald Trump on February 13 (local time) invited his cabinet members and congressmen to the White House to discuss fair trade for American workers. There, he mentioned reportedly China 25 times and South Korea 21 times while mentioning Japan four times and Germany once. He also said t
On February 19, Daewoo Engineering & Construction (E&C) announced that the company signed a contract on the EPC-1 package of the Duqm Oil Refinery project amounting to a total of US$2.78 billion on February 15 through a joint venture with global EPC company Técnicas Reunidas of Spain.Daewoo E&C will
Hyundai Merchant Marine, virtually the only large ocean-going shipping company of Korea will start ordering ultra-large vessels that can transport 22,000 20-foot containers beginning next month at the earliest.According to the government and the shipping industry on February 11, the Ministry of Ocea
Naver is one of the 27 startup incubators that have joined Station F so far, which also include Facebook and Microsoft. Opened in June last year, Station F is a startup campus located in Paris, France. The 27 incubators support the growth of startups from all around the world.Naver’s space in Statio
On January 22 (local time), U.S. President Donald Trump decided to make safeguard measures to restrict the import of washing machines from South Korea. That day, those supporting South Korean President Moon Jae-in displayed an advertisement at the Times Square to celebrate his 66th birthday.The U.S.