Korea Institute of Energy Technology (KENTECH) signed a business agreement with Kazakhstan’s Nazarbayev University on Sept. 14 to foster global talent in the energy sector. This collaboration seeks to enhance inter-university exchanges in energy and research by fostering faculty and student exchange
On Sept. 12, K-water revealed that its CEO Yoon Seok-dae held in-depth discussions with Ukraine’s Ambassador to Korea, Dmytro Ponomarenko, on cooperation strategies for Ukraine’s reconstruction.This comes after President Yoon Suk-yeol announced at the G20 summit on the 10th that Korea would support
South Korea’s semiconductor industry is focusing on improving its financial health in the second half of the year, pivoting around High Bandwidth Memory (HBM) for DRAM and reducing NAND output.On Sept. 12, the semiconductor sector anticipates that DRAM prices will cease their decline and enter a sig
Complaints about an odor emanating from certain Louis Vuitton products of a specific year’s production are mounting. In response to the growing controversy, Louis Vuitton Korea stated, “We are currently assessing the situation.” However, the compensation standards vary from store to store, increasin
Fundamental solutions such as shared growth of content and platforms and global distribution of videos and films are needed in order to improve the competitiveness of the Korean media industry, which is facing a crisis due to the rise of global over-the-top (OTT) service providers such as Netflix. T
Korea Startup Forum (KSF), the organizer of COMEUP, Korea’s most prominent startup event, announced that it held the ‘COMEUP 2023 Preview & Workshop in BUSAN’ from August 31 to September 1 at Citadines Connect Hari Busan.The workshop was held in advance of the main event, COMEUP 2023, on November 8-
Chinese lithium iron phosphate (LFP) batteries will be brought to Korea in large numbers. As electric buses and electric scooters that use LFP batteries have penetrated the Korean market, major automakers are also expanding the volume of Chinese-made LFP batteries for electric vehicles. The problem
Naver has unveiled HyperClova X, a new generative artificial intelligence (AI) platform. Naver will build an AI ecosystem and establish a model for mutual growth with Korean startups through the AI platform.At the DAN23 Conference held at the Grand InterContinental Seoul Parnas on Aug. 24, Choi Soo-
Samsung SDS is set to unveil its enterprise-level generative AI service next month. This will mark the first time Samsung’s generative AI service will be introduced to the public.According to the electronics industry on Aug. 23, Samsung SDS will present the AI service under development at the “Real
Korea South-east Power announced on Aug. 22 that it attended the 38th Meeting on Streaming Coal Procurement and Handling held in Malaysia from Aug. 8 to 11.This meeting was attended by fuel purchasing managers from four countries: Korea South-East Power, Taiwan Power Company, Japan’s J-Power, and Ma
SK bioscience, an innovative vaccine and biotech company committed to promoting human health from prevention to cure, announced that its board of directors has decided to make an equity investment in Novavax, a global company advancing protein-based vaccines with its novel Matrix-M™ adjuvant, securi
KT&G Corporation(“KT&G” or the “Company”) (KRX:033780), South Korea’s leading tobacco manufacturer, today announced financial results for the second quarter ended June 30, 2023. The Company also shared its robust shareholder return program, including interim dividend and share cancellation.For the 2
Chey Tae-won, chairman of SK Group and the Korea Chamber of Commerce and Industry, clarified the rationale for hosting the 2030 Busan World Exposition (Expo).According to the Korea Chamber of Commerce and Industry, Chairman Chey held a briefing for foreign journalists on July 26 to share his reflect
POSCO International announced that it has signed a production distribution contract with the Indonesian government and its state-run oil firm Pertamina Hulu Energi (PHE) in a move to secure the share of oil produced from the Bunga Gas Block. The signing event was held at Tangerang, Indonesia, on Jul
The author is an analyst for NH Investment & Securities. He can be reached at jooyh@nhqv.com -- Ed.While KT&G’s 2Q23 earnings are likely to arrive short of consensus, this disappointment should be offset by the fact that the firm is to make its first-ever half-year dividend payout. Moving ahead, the
Seventeen of the top 100 global unicorns (privately held companies with an enterprise value of more than 1 trillion won) are unable to do business in Korea due to regulations.The Korea Economic Research Institute of the Federation of Korean Industries said in its report titled “Global 100 Unicorn Co
KT, the South Korean telecommunications giant, announced that it has hosted a joint digital health seminar with Hanoi Medical University in Vietnam.The seminar, which was conducted on July 11 under the theme of “Main Applications of Digital Health,” was attended by approximately 150 individuals from
KB Financial Group announced on July 12 that it has selected 10 domestic startups that will grow into the next-generation “global unicorn companies” for KB Starters Singapore.Startups selected for KB Starters Singapore will receive consulting services on matters necessary for local market entry, suc
The following article was written by James Tosdevin, a teacher and the Senior School Global Citizenship and Sustainability Lead at Dulwich College Seoul.From one extreme weather event to another, we are constantly reminded that the climate crisis is real and that we need to act immediately. One of h
The author is an analyst for Shinhan Securities. She can be reached at kimaram@shinhan.com -- Ed.YLAB is a webtoon studio that has published popular titles like Island, Reawakened Man, Terror Man, Get Schooled, Reality Quest, and Study Group on NAVER Webtoon. Some of these stories are set in a share