3D Factory, a South Korean global platform dedicated to the development of the metaverse, announced on Jan. 22 that it has been selected as the advertising planner and executor for the entire Taif region of Saudi Arabia. This public project was commissioned by the Ministry of Municipal and Affairs a
South Korean heavy machinery and electronic components manufacturer LS Mtron announced on Jan. 22 that it will showcase its business-to-business (B2B) solutions at a globally recognized information technology (IT) exhibition.The company will participate in the technology exhibition DesignCon 2024, s
Huawei held a conference on the Top 10 Trends of Data Center Facility in 2024 and released the corresponding White Paper. At the conference, Yao Quan, President of Huawei Data Center Facility Domain, defined the three characteristics of future data centers: reliable, simplified, and sustainable. Yao
LG Chem announced on Jan. 18 that it has signed a master agreement in Rome, Italy, with ENI to establish a joint venture for next-generation bio-oil. The signing ceremony was attended by key figures including Claudio Descalzi, CEO of ENI; Stefano Ballista, CEO of ENI Live; Vice Chairman Shin Hak-che
South Korean battery companies are reportedly exploring the possibility of establishing a lithium processing plant in Chile, the world’s largest holder of lithium reserves. According to Bloomberg on Jan. 19 (local time), Invest Chile, the foreign investment promotion agency of the South American nat
LG Innotek is speeding up its entry into the camera market for autonomous driving and the optical component market for Extended Reality (XR) by joining forces with a global lens manufacturing enterprise.LG Innotek announced on Jan. 18 that it has signed a main contract with AOE Optoelectronics, a Ta
HD Korea Shipbuilding & Offshore Engineering (KSOE) and Samsung Heavy Industries announced on Jan. 18 that they have won two orders for very large ammonia carriers (VLACs) side by side. As demand for ammonia, an eco-friendly energy, is rising, more shipping companies are preparing to transport it by
Hugel announced on Jan. 16 that it recently acquired product approval for its botulinum toxin Letybo (Botulax) in Lithuania, Bulgaria, Iceland, and Croatia.Earlier, after receiving a product approval opinion from the Heads of Medicines Agencies (HMA) in January 2022, Hugel successfully launched in t
The author, Hyungcho Chung, is the founder and CEO of Scomot -- Ed.What Is the Ishango Bone?The Ishango Bone is an ancient tool that is considered to be one of the oldest known calculators in the world. It was found in the Ishango region of the Democratic Republic of Congo and is estimated to be aro
LG Electronics recently announced the establishment of an electric vehicle (EV) charger manufacturing plant in Fort Worth, Texas, in the U.S. The facility, covering an area of approximately 5,500 square meters, has the capacity to produce over 10,000 chargers annually.The Texas plant serves as a pro
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
Hak Cheol Shin, CEO of LG Chem, has been selected as one of the top 100 economic leaders representing the World Economic Forum (WEF). At this year’s forum, CEO Shin will meet with global clients and partners to discuss collaboration strategies for managing the global supply chain and overcoming the
The Korean beauty care industry is turning its eyes to the Japanese market. It is a strategy to try to rebound by targeting Japan as an alternative market as its performance weakened due to a decline in the market share of Korean cosmetics in China.LG Household and Health Care’s cumulative sales thr
It has been reported that China, which has implemented export controls on graphite, a key material for battery cathodes, since December of last year, has granted permission for the export of graphite to major battery companies in South Korea. However, there remains the possibility of further tighten
Due to a slowdown in global demand for electric vehicles, leading to an “oversupply,” the prices of battery materials have significantly fallen. Companies in this sector are noticeably tense. According to Taiwan’s market research firm TrendForce on Jan. 14, in December last year, the prices of lithi
South Korean passports took second place in the global passport power rankings. They moved up one spot from third place last year.The number of countries that give visa-free entry to Korean passport holders stood at 193, which means Korean passports claim second place, tied with Finland and Sweden,
The heads of the four major Korean conglomerates are expected not to participate in this year’s Davos Forum.Samsung Electronics Chairman Lee Jae-yong, SK Group Chairman Chey Tae-won, Hyundai Motor Group Chairman Chung Eui-sun, and LG Group Chairman Koo Kwang-mo will not attend the 2024 Davos Forum,
A research study revealed that the total market capitalization of all listed companies in South Korea has increased by nearly 500 trillion won over the past year. The top two companies in terms of market cap growth were Samsung Electronics and SK hynix, with the combined market cap of these two comp
In the global electric vehicle (EV) market, the market share of South Korean battery manufacturers has fallen below 50%. China’s CATL, previously dominant only in the domestic market, is now matching LG Energy Solution in the global market outside China, enhancing its presence significantly.Accordin