SK chemicals announced on Sept. 19 that it has signed a memorandum of understanding (MOU) to jointly develop a waste plastic recycling business at the headquarters of Lovere, a waste recycling company in Shanghai, China.Starting in 2024, the two companies will develop a business to recover and sort
On Sept. 18 (local time), a U.S. court has dismissed a lawsuit filed by U.S. nuclear power company Westinghouse to prevent Korea’s state-run nuclear power generator Korea Hydro & Nuclear Power (KHNP) from exporting its independently developed nuclear reactors.KHNP is a rival of Westinghouse. The Kor
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
SK broadband and Netflix, the world’s leading online video streaming service (OTT), have settled their network usage fee litigation and agreed to a service partnership. Consequently, customers can now access Netflix content on SK telecom’s mobile and Internet Protocol TV (IPTV) platforms.While the l
The world’s largest semiconductor contract manufacturing company, Taiwan-based TSMC, is considering focusing its investments in Japan as challenges arise with its U.S. expansion.On Sept. 18, according to industry and foreign media, TSMC is considering building additional factories beyond their exist
The government is entering into follow-up work to pursue the joint development of lithium mines proposed by Ukrainian President Volodymyr Zelensky.During a meeting with the Ministry of Land, Infrastructure, and Transport (MOLIT) press corps on Sept. 18, Minister Won Hee-ryong said, “President Zelens
Hanwha Ocean has revealed its intention to secure global defense solutions with an ultra-wide gap through large-scale investment.Hanwha Ocean opened its Siheung R&D Center located in Siheung, Gyeonggi Province, Korea to media outlets on Sept. 18, according to related industry sources. This marked th
KEPCO KPS, led by CEO Kim Hong-yeon, has secured a power plant maintenance contract in South Africa valued at approximately 850 billion won.KEPCO KPS signed an agreement to maintain 16 thermal and nuclear power stations owned by South Africa's electricity company, ESKOM, at a sum of 848 billion won.
The Korea Trade Insurance Corporation (K-SURE) announced on Sept. 18 that it had signed operational agreements with Canada’s Export Development Corporation (EDC) and the U.S. Department of Energy (DOE) on Sept. 13 and 14 (local time), respectively. These agreements are aimed at supporting the expans
'ABSOLUT GROUND MIX WITH STICKY MONSTER LAB', a brand Pop-up store of ABSOLUT, a premium vodka representing Pernod Ricard Korea Co., Ltd. (Hereinafter referred to as 'Pernod Ricard Korea'), has accumulated 10,000 visitors in 23 days since its opening. It was announced on the Sep. 15th that 10,000 pe
According to the Ministry of Trade, Industry, and Energy on Sept. 15, the global electricity consumption in 2021 showed China leading the charts with an overwhelming 7,714 terawatt-hours (TWh). Following China were the United States at 3,869 TWh, India at 1,355 TWh, Russia at 963 TWh, Japan at 916 T
SK innovation has achieved success in its recent rights issue by raising nearly 10 trillion won (US$7.51 billion) as it takes steps to secure future growth opportunities.SK innovation announced on Sept. 15 that it had received 9.56 trillion won in subscription deposits for its public offering, which
HD Hyundai announced on Sept. 17 that the company’s president attended the naming ceremony for the 2,100 TEU-class methanol-fueled container ship Laura Maersk held recently in Copenhagen, Denmark.The ship, constructed by Hyundai Mipo Dockyard, is the first of 19 methanol-fueled ships commissioned to
On Sept. 17, CJ Logistics announced its participation in Ukraine’s reconstruction projects as a part of the joint public-private “Ukrainian Reconstruction Cooperation Delegation.”Led by Won Hee-ryong, the minister of land, infrastructure, and transport, the Ukrainian Reconstruction Cooperation Deleg
Chey Tae-won, chairman of SK Group, visited the Yongin Semiconductor Cluster construction site in Yongin City, Gyeonggi Province, on Sept. 15 and described it as “the most strategic and planned project in SK hynix’s history.” SK hynix had previously decided to invest 120 trillion won in 2019 to buil
South Korea has taken the first step toward injecting US$2.3 billion into Ukraine’s reconstruction.The Ministry of Land, Infrastructure and Transport (MOLIT) of South Korea organized the first public-private Ukraine Reconstruction Cooperation Delegation and sent the delegation to Ukraine’s capital c
SK telecom signed a memorandum of understanding (MOU) with the Seoul Veterinary Medical Association (SVMA) to expand healthcare for pets using artificial intelligence (AI) on Sept. 15.SK telecom and the Seoul Veterinary Medical Association will cooperate to establish an AI-based pet care system by s
In the span of a year, bad loans in corporate lending from the five major banks have surged by over 400 billion won (US$300.98 million), heading towards the 3 trillion won mark. With the corporate sector facing economic challenges, there are concerns that the fierce competition in corporate lending
Lee Jae-Yong, Chairman of Samsung Electronics; Chey Tae-Won, Chairman of SK Group; and the heads of other top 10 Korea-based conglomerates are projected to visit Saudi Arabia next month.According to industry sources on Sept. 14, Won Hee-ryong, minister of land, infrastructure, and transport, is cons
The Arion-SMET, a multipurpose unmanned vehicle developed by Hanwha Aerospace, will undergo a performance test at a US Marine Corps training center.Hanwha Aerospace announced on Sept. 4 that it recently signed a contract on the Foreign Comparative Testing (FCT) Program with the U.S. Department of De