Choi Yoon-beom, chairman and CEO of Korea Zinc, explored ways to cooperate in various fields in a private meeting with Bahlil Lahadalia, chairman of the Indonesian Investment Coordinating Board.Chairman Choi held a discussion about four areas in Jakarta, Indonesia, on Sept. 6. The four areas were co
Specialized patent examiners in the field of semiconductors, which has acquired crucial technologies over more than 30 years in private semiconductor companies such as Samsung Electronics and SK hynix, are being further expanded this year to contribute to securing the nation’s competitiveness. Parti
Germany, once considered the growth engine of Europe, is mired in an economic slump. The International Monetary Fund (IMF) has projected that Germany will experience negative growth of 0.3 percent this year, making it the only G7 country among the seven major economies to undergo a contraction. The
SK on, a subsidiary of SK innovation battery, has successfully co-developed an oxide-based solid electrolyte with the world’s highest lithium-ion conductivity.On Aug. 31, SK on announced that the research results on the oxide-based solid electrolyte, co-developed with Professor Park Hee-Jung’s resea
Korea is expected to become the third country in the world to have an independently developed anthrax vaccine.The Korea Disease Control and Prevention Agency (KDCA) announced on Aug. 31 that it plans to apply for a product license from the Ministry of Food and Drug Safety in October after completing
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
Before the formal commencement of the invalidation trial on the U.S. patent related to botulinum toxin filed against Medytox by HUGEL, the trial was terminated.According to industry sources on Aug. 29, the U.S. Patent Trial and Appeal Board (PTAB) rejected the initiation of the review, which HUGEL h
The Korean government is approving the sale of national core technologies to foreign companies, national core technology transfers, or foreign investment in national core technology holding organizations after receiving reports on them. The number of such cases has more than tripled over the last fi
Forecasts indicate that China’s OLED shipments for smartphones will surpass South Korea’s by 2025.According to the “3rd Quarter OLED Market Track” report published by market research firm UBI Research on Aug. 28, the current market share of smartphone OLED shipments for South Korea and China stands
Hyundai E&C and Holtec, a U.S. nuclear power plant design and manufacturing company, will commence construction of a small modular reactor (SMR) in the mainland U.S. by 2026. With the goal to complete the project within 3 years and start electricity production by 2029, the order is expected to excee
POSCO International has successfully exported a swine pneumonia vaccine to NAVETCO, Vietnam’s largest animal vaccine company. The exported product, named “InnoMHP,” was developed by the Korean startup INNOVAC and is enough to be administered to approximately 100,000 pigs.INNOVAC, established in 2016
The development of next-generation network (6G) commercialization technology and core components, with a budget of 440 billion won, is set to begin in earnest next year. Further, there’s an ambition to demonstrate pre-6G technology by 2026 and secure 30% of the 6G international standard patents, aim
Daewoong Pharmaceutical announced on Aug. 20 that due to the global expansion of its self-developed botulinum toxin treatment “Nabota” and newly developed drugs such as Fexuclue and Envlo, its overseas exports have grown by more than 200% in the past two years.Exports, which stood at 448 billion won
Korea’s liquefaction technologies, which hold the key to the international transportation of hydrogen, still has a long way to go, requiring increased investment and government support, a report said.Korea’s share of global patent applications in the hydrogen storage and transportation sector over t
The market for Micro Light Emitting Diode (microLED) panels, emerging as a next-generation display, is a domain where the domestic display industry, which is even being chased by Chinese companies in the OLED sector, can showcase a dominant market share in the future based on their advanced technolo
EOFlow, the developer of the wearable insulin pump EOPATCH, has become embroiled in an intellectual property infringement lawsuit in the United States.EOFlow announced on Aug. 9 that Insulet Corporation, a U.S.-based company specializing in the development of wearable insulin pumps, has filed a laws
Postbiotics specialist company bereum Co., Ltd. (CEO Han Kwon-il) announced on July 27 that it has registered a U.S. patent for the prevention and improvement of muscle loss from the Enterococcus faecalis bacterial strain (EF-2001).As we age, we become weaker and slower than when we were young. This
With the possibility that BOE, a Chinese display company, may not supply panels for Apple’s forthcoming iPhone 15 series slated for release in the third quarter, there is growing optimism that Samsung Display and LG Display could reap significant benefits in the second half of the year.According to
SK Inc. has laid out an ambitious plan to invest 23 trillion won (US$17.82 billion) in eco-friendly initiatives by 2025, with a primary focus on “energy transition.” SK Group Chairman Chey Tae-won has shown keen interest in transforming SK’s business landscape from a petroleum-centric structure to o
Companies investing in biopharmaceutical-related technologies and production facilities will now be eligible for a maximum tax deduction of 35 percent.On July 27, the Ministry of Economy and Finance held the 56th session of the Tax System Advancement Review Committee presided over by Deputy Prime Mi