As Taiwan, located on the “Ring of Fire” in the Pacific Ocean, faces its strongest earthquake since the “921 Earthquake” of 1999, concerns about the spread of the damage are growing.Taiwan, a leading nation in advanced semiconductor production, is in the spotlight due to production disruptions at TS
Hyosung, the leading company in the global spandex market, is accelerating its pace in fostering future businesses by making substantial investments in eco-friendly bio-material ventures.Hyosung TNC announced on April 3 that it received investment approval from the government of Ba Ria-Vung Tau Prov
Hyundai Steel is moving up the operational start date of its dedicated steel sheet processing plant for electric vehicles in the United States to September.According to industry sources on April 2, Hyundai Motor Company is advancing the start of its dedicated electric vehicle factory (HMGMA) in Geor
Korea’s secondary battery exports were in a slump with the steepest downward curve among the 15 major items in the first quarter of this year, down more than 20 percent. However, the Korean government expects the slump to be a temporary one due to a plunge in raw material prices, and secondary batte
The global automotive industry is at a crossroads with respect to supplying advanced semiconductors for autonomous driving. There are two options. One is to purchase and equip high-performance system-on-chip (SoC) semiconductors from Nvidia, which has a virtual monopoly on Level 3 and higher autonom
The second factory of Ultium Cells, a joint venture between LG Energy Solution and General Motors (GM) for electric vehicle batteries, has commenced commercial operations. LG Energy Solution has decided to continue proactive investments, particularly in North America, as part of its strategy to soli
OCI Holdings has begun reconsidering the expansion of its North American solar power module production line, which it has promoted as one of its core businesses for the future.According to industry sources, OCI Holdings’ Texas subsidiary Mission Solar Energy has begun to reconsider the expansion of
It is forecast that private investment in the field of biopharmaceuticals will reach 17.7 trillion won by 2030. To facilitate this, the government plans to allocate a budget of 2.1 trillion won for research and development (R&D), workforce training, and other initiatives to act as a facilitator.On A
Samsung Display saw its market share for smartphone Organic Light-Emitting Diode (OLED) panels fall below 50% for the first time last year, facing intense competition from Chinese manufacturers. The surge in market share for companies like BOE, which have secured exclusive supplies for Chinese smart
In the past 2-3 weeks, a shortage of enterprise solid-state drives (SSDs), a NAND flash memory product, has been observed. This is due to the AI boom and the subsequent construction of data centers by global big tech companies, with a particularly explosive increase in demand for storage devices nee
SK hynix announced on April 1 that it has developed the semiconductor industry’s first neon gas recycling technology in collaboration with the domestic specialty gas company TEMC. This achievement comes just over a year after starting the development of recycling technology with a domestic material,
HD HHI announced on March 29 that it has been selected by Peru’s state-run SIMA Shipyard as a preferred bidder for joint local production of four ships: a 3400-ton frigate, a 2200-ton offshore patrol vessel and two 1500-ton landing ships. They are worth a total of US$462.9 million.HD HHI will design
With the passing of Hyosung Group Chairman Emeritus Cho Seok-rae on March 29, his sons, Chairman Cho Hyun-joon and Vice Chairman Cho Hyun-sang, are expected to take the helm of the business group.Hyosung Group formalized the establishment of a new holding company through its board of directors in Fe
Despite a downturn in the industry, petrochemical companies in South Korea have reportedly invested a record amount in research and development (R&D). This move is interpreted as part of a differentiation strategy to enhance competitiveness in new business areas such as high-value added (specialty)
The global community is on edge following reports that China plans to eliminate products from American companies Intel and AMD. This move surpasses mere retaliation against the United States’ intensified semiconductor export restrictions, indicating China’s confidence in its own technological develo
Samsung Electronics and LG Electronics are both making strides in the smart factory sector.According to market research firm MarketsandMarkets on March 31, the global smart factory and automation industry market size is expected to grow from US$86 billion in 2022 to US$140.9 billion by 2027. Markets
Lotte Group has revealed its determination to achieve operational efficiency through selection and concentration and to enhance corporate value by restructuring its business structure.At the 57th regular shareholders’ meeting of Lotte Holdings held at Lotte World Tower in the Songpa district of Seou
Samsung Electronics has introduced a sample version of its next-generation graphics DRAM, GDDR7. Graphics DRAM, along with High Bandwidth Memory (HBM), is considered a profitable product in the Artificial Intelligence (AI) memory lineup.According to industry sources on March 28, Samsung Electronics
Samsung Display Executive Director Jung Seok-woo announced plans to expedite the production of RGB-based micro OLEDs at the OLED Korea conference held at the K Hotel in Seoul on March 28.During his presentation on the Development Strategy for AR/VR in Future Displays, Jung emphasized the collaborati
Doosan Enerbility is making its entry into the aircraft engine business, leveraging its accumulated expertise in power generation gas turbines to broaden its business domain and secure differentiated gas turbine technology.On March 26, Doosan Enerbility announced that it had added “aircraft engine m