SK Hynix is planning to mass produce 36-layer 3D NAND flash chips in the second half of this year. Also, it will start producing 48-layer products from next year, opening the era of 3D NAND Flash in earnest. NAND-based flash memory retains data without power, and 3D NAND flash memory stacks memory c

The era has come that a liquefied natural gas (LNG) engine is being used in a ship. The world’s first LNG-powered container ship designed by Daewoo Shipbuilding & Marine Engineering (DSME) was unveiled for the first time. DSME announced on April 22 that it held a ceremony to name and launch the 3,10

Korea’s KT-1P will be produced in Peru for the first time, securing a stepping stone for the country to advance into the South American aircraft market. Korea Aerospace Industries (KAI) announced that it held the delivery ceremony of the first KT-1P on April 22 (April 21 local time) in Las Palmas Ai

Ssangyong Motor announced on April 22 that it sold a total of 32,915 cars – 21,107 units in the domestic market and 11,808 units in overseas markets – in the first quarter.During this period, the company recorded 760.4 billion won (US$701.93 million) in sales, 34.2 billion won (US$31.57 million) in

Lotte Engineering & Construction announced on April 22 that it succeeded in lifting ultra-high-performance concrete that has a compressive strength of 150Mpa to a vertical height of 309 meters.On April 21, Lotte E&C shot ultra-high strength 150Mpa concrete higher than 300 meters above the ground on

It has been rumored that Qualcomm might go with Samsung for the production of its next high-end smartphone chip, the Snapdragon 820.According a news report from the US tech news site Re/code on April 21, Qualcomm will turn to Samsung’s foundries for the mass production of the next-generation Snapdra

According to Clarkson, a British market survey institute that focuses on shipbuilding, on April 21, the Okpo Shipyard of Daewoo Shipbuilding & Marine Engineering (DSME) placed first among single dockyards in the world in March in the rankings of compensated gross tonnage (CGT) in an accumulated orde

Board members of Saudi Arabia's state oil firm Aramco visited Korea for four days to hold their board meeting.According to sources in the industry on April 21, 11 high-ranking company officials visited the country for a four-day trip from April 20 to 23, including Saudi Arabian Oil Minister Ali

POSCO recorded 15.101 trillion won (US$13.95 billion) in sales and 731 billion won (US$675.29 million) in operating profits in the first quarter.Due to the slump in the overseas steel and E&C market, its sales slightly decreased compared to the same period a year ago. However, its operating profits

Daewoo International, the Korea Trade-Investment Promotion Agency (KOTRA), and Servicios Industriales de la Marina S.A. (SIMA) concluded a memorandum of understanding (MOU) for the construction of three landing platform docks (LPD) on April 20 in Lima, Peru, a Daewoo International Corp. official sai

With CJ Korea Express trying to take over Daewoo Logistics, the company seeks growth enough to become a leading global logistics company. The company officially announced its intent to acquire Daewoo Logistics on April 20, posting, “Even though we have submitted a letter of intent to take over Daewo

Hanwha Q Cells, the combined solar company of Hanhwa Group, will provide solar modules worth 1 trillion won (US$926.18 million). It will be the largest scale in the global solar market for a single order. On April 20, the company announced that it signed an agreement with U.S.-based energy company N

SK C&C and SK Holdings concluded a merger on April 20, and plan to launch an integrated corporation, SK C&C said. SK C&C and SK Holdings will merge at a ratio of 1:0.74, respectively, SK C&C said. SK C&C will release new stock to exchange it with SK Holdings’ stock for the merger, SK C&C said. The m

China is emerging rapidly in the global lithium-ion secondary battery market to the point of beating Japanese manufacturers to take the lion’s share. Even Korean battery manufacturers, which are dominating the market, are mainly using Chinese products for the cheaper prices.Korean companies are keep

Moore’s Law, that is, the maxim that the number of transistors in a dense integrated circuit doubles approximately every two years, commemorated its 50th anniversary on April 19. The co-founder of Intel hit the mark. Intel, Samsung Electronics, and many more have continued to develop the semiconduct

The sales of foreign automakers in Korea skyrocketed last year to exceed the annual domestic sales of Kia Motors, not to mention GM Korea and Renault Samsung Motors, for the first time in history. The annual sales of the foreign car manufacturers are predicted to continue to grow during the course o

According to market research firm DRAMeXchange, Samsung Electronics recorded a 27.8 percent share in the global smartphone market in the first quarter of this year on a shipment basis, while Apple followed it with a market share of 19.9 percent. The gap between the two narrowed to 1.5 percentage poi

Chinese and Japanese shipbuilders’ orders for South Korean shipbuilding equipment are “increasing,” the Korea Trade-Investment Agency (KOTRA) said on April 19. Jo Hyo-jae, a professor at Korea Maritime and Ocean University, told KOTRA that Japanese shipbuilders do not have enough design manpower to

Asiana Airlines announced on April 18 that it decided to pay US$5,000 (5.4 million won) to all passengers on board its flight that skidded off the runway after hitting a communications tower while landing at Japan's Hiroshima Airport recently.  The airlines posted the announcement on its Japanese we

Coupang, Ticket Monster, and WeMakePrice recently released their audit reports, which showed that the domestic social commerce market is rather stabilizing, although the three were in the red without exception as expected. The sales of each increased a lot last year. Specifically, the annual total s