China Unicom Beijing and Huawei have successfully deployed a pilot large-scale 5.5G network in Beijing to provide continuous coverage in three key areas, including Beijing Financial Street in the city center, the landmark Beijing Long Distance Call Building, and multipurpose Workers' Stadium. This f
Hanwha Ocean and Hanwha Aerospace presented their state-of-the-art defense technologies to Dr. David Perry, President of the Canadian Global Affairs Institute (CGAI). The CGAI is recognized as Canada’s leading source of expertise on global affairs and Dr. Perry’s visit is timely as Hanwha is laying
The government aims to prevent the manipulation of treasury stocks for the enhancement of controlling stakes without additional investments. To achieve this, it has prohibited the issuance of new shares for treasury stocks during corporate spinoffs and strengthened disclosure regulations, including
Positive tangible results are being made by the Korean Ministry of Trade, Industry and Energy (MOTIE) and the CF Alliance pursuing a strategy to expand carbon-free power sources in the industrial sector.Major countries such as the United Kingdom, France, the Netherlands, and the United Arab Emirates
Doosan Enerbility is advancing its efforts to supply carbon-neutral power generation technologies, including Carbon Capture, Utilization, and Storage (CCUS) and ammonia co-firing, renewables, and hydrogen to Thailand. On Jan. 29, the company announced the signing of a memorandum of understanding (MO
Artificial Intelligence (AI) stands at the forefront of the technology supremacy battle between the U.S. and China this year.On Jan. 26, U.S. Commerce Secretary Gina Raimondo stated in an interview with Reuters that regulations mandating U.S. cloud companies to report foreign customer information fo
As international oil prices and refining margins both experienced a simultaneous decline in the fourth quarter of last year, the oil industry’s performance was once again placed in a state of emergency.In the worst-case scenario, four major oil companies -- SK Energy, GS Caltex, S-Oil, and HD Hyunda
The first round of official negotiations to improve the Korea-U.K. Free Trade Agreement (FTA) are being held in Seoul.The Korean Ministry of Trade, Industry and Energy (MOTIE) announced on Jan. 23 that more than 50 delegates from both countries are participating in the negotiations, led by Ahn Chang
The government is set to implement a comprehensive plan for “smart cities” incorporating new technologies. The primary focus is accelerating the entry into foreign markets through the restructuring of the “K-City Network” project. This initiative aims to strengthen the global competitiveness of Kore
Celltrion Group has successfully sold the Asia-Pacific (APAC) “Primary Care” business rights, which it acquired from multinational pharmaceutical company Takeda Pharmaceuticals (hereafter Takeda) in 2020, after three years.On Jan. 18, Celltrion concluded a contract with Dong-A Pharmaceutical for the
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
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
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
Samsung Electronics announced on Jan. 14 that its AI companion Ballie, which made a big splash at CES 2024, will now be equipped with the Samsung Tizen OS.Originally deployed in TVs and monitors, Samsung’s Tizen OS has recently expanded to include home appliances and now next-generation AI devices.
The Ministry of Food and Drug Safety in South Korea announced the launch of the Asia-Pacific Food Regulatory Authority Summit (APFRAS) Secretariat on Jan. 15 to support the activities of the international cooperative body aimed at leading food sector international cooperation and regulatory harmoniz
Amid police investigations into allegations of illegal expenditures on a local board meeting in Canada by POSCO Holdings, the holding company of POSCO Group, new suspicions have emerged regarding similarly extravagant overseas board meetings held in the past.According to a comprehensive report by CB
Amid the resolution for the merger between the pharmaceutical giant Hanmi Pharmaceutical Group and the materials and energy-focused OCI Group, signs of a potential management dispute have emerged. This comes as a result of opposition from Lim Jong-yoon, the current CEO of Hanmi Pharmaceutical and th
The top leading economic organizations of Korea and Japan met in Tokyo for the first time in four years, agreeing to strengthen cooperation in fostering startups in the two countries. They also agreed to establish trilateral economic cooperation between Korea, the United States, and Japan, and to wo
Hyundai Motor Company today presented its vision for a hydrogen-powered, software-driven transformation beyond mobility applications at CES 2024. Under the theme ‘Ease every way,’ the company held its Media Day at the Mandalay Bay Convention Center in Las Vegas to highlight its future blueprint for
Starting from the second half of this year, South Korean companies will have the option to settle export and import payments in Korean won when engaging in trade transactions with certain countries from the Association of Southeast Asian Nations (ASEAN). This move is expected to allow businesses to