In a recent move, the U.S. designated semiconductor plants of Samsung Electronics and SK hynix in China as “Verified End Users (VEU).” In response, Ahn Deok-geun, the chief trade negotiator of the Ministry of Trade, Industry, and Energy, said, “By mobilizing consultation channels centered on the Pre
Worries have surfaced that South Korea’s steel industry, which relies heavily on blast furnaces, could face significant challenges amid speculation that the United States and the European Union (EU) are discreetly working on standards for an “Eco-friendly Steel Club” that may be advantageous to thei
South Korea has signed a Free Trade Agreement (FTA) with the United Arab Emirates (UAE), marking its first such agreement with a Middle Eastern country and its 24th FTA overall.The Ministry of Trade, Industry and Energy announced that Ahn Deok-geun and Thani bin Ahmed Al Zeyoudi concluded Comprehens
The Carbon Free Alliance (CF Alliance), proposed by President Yoon Suk-yeol during the UN General Assembly last month, has been officially launched in South Korea on Oct. 12. Major domestic corporations, including Samsung, Hyundai, SK, LG, POSCO, and Hanwha, have joined the CF Alliance.The Ministry
On Oct. 11, HD Korea Shipbuilding & Offshore Engineering announced at Seoul Square a concluded investment agreement with the pioneering fuel cell company Elcogen AS. The agreement sees the shipbuilding giant investing a total of 45 million euros (US$48 million).The event was graced by the presence o
Rivals in the semiconductor foundry sector, Samsung Electronics and TSMC, are hosting consecutive technology forums in Europe and Japan, stepping into the race to secure new clients. Their objective is to showcase their prowess in sub-5-nanometer (nm) ultra-fine processing as a stepping stone to exp
The U.S. government has decided to indefinitely postpone export controls on equipment for Samsung Electronics and SK hynix’s semiconductor plants in China. While there’s some relief in the semiconductor industry, uncertainties over their China plants haven’t entirely vanished, making the incentive f
Hanwha Aerospace announced on Oct. 9 that it is participating in the Association of the United States Army (AUSA) Exhibition, held in Washington D.C. from Oct. 9 to 11 (local time).The AUSA Exhibition, organized by the Association of the United States Army, is the world’s largest land forces defense
Last month, during the United Nations General Assembly, President Yoon Suk-yeol proposed the Carbon Free Alliance (CFA). Leading corporations such as Samsung Electronics, SK Hynix, and Hyundai Motor, which previously committed to RE100 (100% renewable energy), have now joined the alliance. The shift
Tensions and conflicts are intensifying in the “semiconductor war” between the U.S. and China. As the first anniversary approaches of the U.S. government’s decision to restrict exports of semiconductor chips and equipment to China on Oct. 7 of last year, an update on policies regarding “Artificial I
Samsung Electronics and KDDI today announced the companies have signed a Memorandum of Understanding (MOU) to form a 5G Global Network Slicing Alliance. Through this new alliance, the companies will work together to introduce an array of commercial 5G network slicing services and assess new business
On Sept. 20, President Yoon Suk-yeol proposed the formation of a “Carbon Free Alliance” to the international community during the United Nations General Assembly held in New York. This proposal includes bringing forward Carbon-Free Energy (CFE), which encompasses nuclear power and hydrogen energy, a
As the introduction of domestic ESG disclosures in 2025 approaches, there is a growing consensus that the voices of both businesses and the public should be actively considered in the establishment of disclosure standards.During the 7th K-ESG Alliance Conference organized by the Federation of Korean
Cleveland Avenue, a prominent Chicago-based venture capital firm specializing in investments within lifestyle consumer brands and pioneering technology companies that positively disrupt large and growing markets, hosted CA Tech X Asia in collaboration with Shinsegae at The Devil's Door in Seoul toda
In response to the rapidly evolving landscape of the logistics sector, characterized by an increase in the value addition of logistics, the integration of advanced systems, and the proliferation of borderless e-commerce, Incheon International Airport is steadfast in its commitment to enhancing logis
'H2 MEET 2023', the world's largest hydrogen industry exhibition, will host its largest-ever event at KINTEX 1 in Goyang, Gyeonggi Province for 3 days from Wednesday, September 13 to Friday, September 15.This exhibition is hosted by the H2 MEET Organizing Committee (Chaired by Nam-hoon Kang, Chairma
Samsung Electronics’ Organic Light Emitting Diode (OLED) TV, a collaboration between Samsung and LG, failed to debut at IFA 2023, Europe’s largest electronics show, sparking interest in the reasons behind the decision.According to industry sources on Sept. 4, Samsung Electronics showcased a series o
Korea’s display companies are in a hot race with those of China to preempt the market for inorganic light-emitting diode (iLED) displays, touted as a future growth driver. Korea is considered to be lagging behind China in the iLED display market.The market for micro LED panels grew to US$27 million
LS Group will focus on strengthening its global competitiveness in secondary batteries through a Korean battery alliance. It has set a goal to produce 120,000 tons of precursors, a core material for secondary batteries, annually from 2029.According to LS Group on Aug. 29, Koo announced the group’s v
In a bid to reinforce the future of smart living, industry rivals Samsung Electronics and LG Electronics are joining hands to establish a “Smart Home.” Their collaboration involves integrating both companies’ smart home platforms in the cloud to bolster interconnectivity between appliances.On Aug. 2