Kwak Noh-jung, president of SK hynix, has emphasized the dangers of concentrating semiconductor supply chains in specific regions, highlighting the importance of cooperation between South Korea and the United States. His remarks came after disruptions in semiconductor production due to COVID-19 and
Japanese NAND flash semiconductor manufacturer Kioxia is reportedly reigniting merger plans with Western Digital (WD), but SK hynix remains steadfast in its opposition.According to industry sources on April 18, including reports from the Yomiuri Shimbun, Kioxia may pursue a listing on the Tokyo Stoc
Jo Joo-wan, the CEO of LG Electronics, is set to meet with Microsoft’s CEO Satya Nadella to discuss the artificial intelligence business. Following Meta, LG Electronics is establishing AI collaboration relations with global “Big Tech” firms preparing for future ventures.According to sources in the c
Samsung Electronics is set to expand its research and development (R&D) organization in Silicon Valley in the U.S. for the design of artificial intelligence semiconductors. Amid a reshaping semiconductor industry focused on AI chips, Samsung plans to enhance its design capabilities to disrupt the ma
In 2023, about 20 percent of the 1.43 million resident foreigners in Korea obtained Korean language proficiency test ratings. The biggest share was taken by international students studying in Korea among them. The largest number of them earned a Level 4 rating.According to the results of the 2023 Im
bereum co.,ltd, a specialist in postbiotic, led by CEO Hwan Kwon Il, has signed an export and supply contract worth $980,000 for postbiotic pet food with Tecnocalidad of Colombia, under the leadership of CEO Harvey Ibanez Ortiz.Tecnocalidad is a subsidiary responsible for product imports of Agrocamp
Hanwha Systems (CEO: Sung-Chul Eoh) released images of various locations on Earth taken by its small SAR satellite on April 18th, successfully launched on December 4th, 2023.The images taken by Hanwha Systems' small SAR satellite were transmitted from an altitude of 650 kilometers above the Earth. T
After years of double-digit growth, the global electric vehicle market is entering a chasm, considered to be a slowdown in demand just before mass adoption. Global automakers that have been aggressively investing to expand their electric vehicle lineups are scrambling for survival by making use of a
The amount of short-term foreign currency borrowings hastily acquired by banks alone has exceeded 4 trillion won. With the won-to-dollar exchange rate surpassing 1,400 won and reaching new highs, the risks associated with short-term foreign currency debts have also increased.According to business di
A recent study has found that the South Korean won has surpassed the U.S. dollar as the most widely used currency in global cryptocurrency trading.On April 16 (local time), Bloomberg News reported that the volume of cryptocurrency transactions conducted in Korean won on exchanges amounted to US$456
The market capitalization and operating profit of South Korea’s top 100 companies have been surpassed by those of their counterparts in Taiwan. This reversal comes as TSMC outpaced Samsung Electronics in operating profit in 2022, leading to a widening gap between the two representative companies.Acc
In the realm of emerging artificial intelligence startups, South Korea lags behind China and India in terms of scale, a recent survey reveals.On April 17, the Singapore-based tech news outlet Tech in Asia released a list of the Top 50 AI Startups in Asia receiving the most investment. China leads wi
LS Eco Energy has announced a significant contract with a Danish company for the supply of ultra-high-voltage cables, the company revealed on April 17.Over the next three years, LS Eco Energy will supply cables worth US$30.51 million to ENERGINET, Denmark’s state-owned energy company. This deal come
HD Hyundai Heavy Industries announced on April 16 that it had signed a contract worth 640.6 billion won to jointly construct four naval vessels with the Peruvian state-owned SIMA Shipyard. Selected as the priority negotiating partner at the end of last month, the contract was formalized within appro
SK Group has embarked on a significant business restructuring, focusing on the future expansion of new businesses in fields like semiconductors, artificial intelligence, and carbon neutrality.According to industry sources on April 17, SK networks plans to use the proceeds from the sale of SK Rent-a-
Tension was palpable in front of Samsung Electronics’ DSR Tower in Hwaseong, Gyeonggi Province at noon on April 17. It marked the first collective action in the history of Samsung, initiated by the National Samsung Electronics Union (National Samsung Union), with an event named “Gather 1,000.” The o
“Through the SmartThings ecosystem, Samsung is connecting everything from smartphones to refrigerators,” said Han Jong-hee, vice chairman and head of Device Experience (DX) at Samsung Electronics. “Just doing this well makes us a worthy competitor to Apple,” he added during a press briefing held in
The water industry is generally defined as the business of producing and supplying potable water and industrial water needed for households and industries, as well as transporting and treating wastewater. The water industry is expected to steadily grow due to factors such as worsening water scarcity
On March 11, Doosan Robotics held an opening ceremony for the “Electric Vehicle (EV) Automatic Charging Solution Pilot Station” at the LG Science Park in Gangseo District, Seoul, in partnership with LG Electronics, and commenced pilot operations, the company announced on March 16.The newly developed
In the global competitive race for artificial intelligence (AI) technology, South Korea is losing its core competitive edge as top talent is turning away from the country. Foreign companies, with their overwhelming financial power, are successfully attracting these skilled individuals.According to t