SK telecom announced on Jan. 17 that it has signed a memorandum of understanding (MOU) with Vetology Innovations of the United States, targeting the U.S. market with its product, named X Caliber, during the world’s largest veterinary event, VMX2024, currently underway in the U.S.X Caliber is a diagn
SK D&D and SK gas announced on Jan. 16 that they have established a joint venture, SA Grid Solutions, with Apex Clean Energy, a U.S.-based renewable energy company, and signed an investment agreement for an Energy Storage System (ESS) business.Previously, in December 2023, SK D&D and SK gas founded
Hanmi Pharmaceutical Group’s eldest and second sons, President Lim Jong-yoon and President Lim Jong-hoon, have filed an injunction against the merger of Hanmi Group and OCI Group.President Lim Jong-yoon, through the X (formerly Twitter) account of his personal company Corey Group, announced on Jan.
Samsung Electronics’ Device Solutions (DS) Division executives have decided to freeze their salaries in response to the division’s deteriorating performance.The executives of the Samsung Electronics DS Division held an emergency executive meeting on Jan. 17 to reaffirm their commitment to swiftly en
Celltrion has launched an 80-mg dosage form of its biosimilar Yuflyma (adalimumab) for the treatment of autoimmune diseases in the United States.Celltrion said on Jan. 17 that 80 mg is the same high-concentration (100 mg/ml) formulation as the 40 mg version that became available in the United States
Hyundai Motor, Tesla, BYD, and Volkswagen, the top four players in the electric vehicle (EV) industry, have embarked on a race to mark down electric vehicle prices in major markets. The price cuts are a defensive move in response to the double whammy of slowing demand for EVs and the recent suspensi
HD Hyundai announced on Jan. 17 that its Vice Chairman Chung Ki-sun attended the Supply Chain & Transport Governors and Oil & Gas Governors group at the Davos Forum in Switzerland to discuss decarbonization initiatives and cooperation.The Supply Chain & Transportation Governors is a group of CEOs fr
Korean companies doing business in China expect the Chinese market to improve in the second half of this year and beyond. In particular, they expect their sales to ascend from 2023.The largest number of the respondents (40 percent) expect an improvement in their business in China after 2024, followe
Pernod Ricard Korea, the Korean affiliate of the wine and spirits company Pernod Ricard, is launching its ‘2024 Drink More Water’ campaign to help discourage excessive drinking and promote responsible alcohol consumption, especially at the beginning of the year when many events involve alcohol.‘Drin
The author is an analyst for NH Investment & Securities. He can be reached at kyeongkeun.kang@nhqv.com -- Ed.Specialized in rechargeable battery safety solutions, Inics manufactures battery cell pads and fire-resistant barriers. It has successfully secured an initial market for EV safety-related com
It has been revealed that South Korea completed defense exports to Poland last year surpassing 1.5 trillion won, including FA-50 light combat aircraft and K9 self-propelled howitzers.With the addition of such large-scale defense exports, Poland has swiftly emerged as South Korea’s fifth-largest trad
South Korean ramen exports nearly reached US$1 billion last year. According to the Ministry of Agriculture, Food and Rural Affairs on Jan. 17, ramen exports stood at US$952.4 million last year and marked a whopping increase of 24.4 percent compared to the previous year. Ramen exports have been consi
KT&G announced on Jan. 17 that it has been diligently cooperating with the U.S. government’s investigation into allegations of tobacco-related regulatory violations since 2021.KT&G issued a statement on the day, stating, “The company has submitted a comprehensive document and materials regarding the
Hanwha Vice Chairman Kim Dong-kwan revealed Hanwha’s vision for maritime decarbonization at the annual session of the World Economic Forum (WEF) in Davos, Switzerland on Jan. 17. The event was titled “The First Fossil-Free Ship on the Water.”Vice Chairman Kim has expanded the scope of decarbonizatio
SK on, a leading global electric vehicle battery manufacturer, will strengthen its partnership with Solid Power, a U.S.-based leading developer of solid-state battery technology, to accelerate the development of all-solid-state batteries (ASSBs).SK on announced today it signed a research and develop
Iljin Electric disclosed on Jan. 16 that it secured a contract with Malaysia’s state-owned electricity utility, Tenaga Nasional Berhad (TNB), on Jan. 9. The US$36 million contract involves the supply of materials and connection construction for a 52.4 km, 275 kV high-voltage underground cable projec
LX International announced on Jan. 16 that it has acquired 60% ownership of the AKP mine in Indonesia for 133 billion won (US$98.9 million), securing management rights.The acquisition was completed through LX International’s Indonesian subsidiary PT.EBI, which paid the full price for the AKP mine st
SK telecom announced on Jan. 16th the commercial application of its Deep Network AI (DNA) solution to operational networks. This AI-powered technology enables precise analysis of network conditions in three-dimensional environments.Traditional network analysis, mostly based on two-dimensional outdoo
Hugel announced on Jan. 16 that it recently acquired product approval for its botulinum toxin Letybo (Botulax) in Lithuania, Bulgaria, Iceland, and Croatia.Earlier, after receiving a product approval opinion from the Heads of Medicines Agencies (HMA) in January 2022, Hugel successfully launched in t
Apple has overtaken Samsung Electronics in global smartphone shipments. While Samsung Electronics had previously led in shipments with its mid-range Galaxy A series, the increasing preference for premium smartphones last year led to Apple surpassing Samsung. This marks the first time Samsung has los