Samsung Electronics and SK telecom have embarked on forming alliances with global operators to lead the development of 6G and integrate Large Language Models (LLM) into their services. While Samsung Electronics is co-establishing a consortium with big tech companies across various sectors such as te
With the Korean government’s decision to help domestic companies participate in the reconstruction of Iraq, a new city development project won by the E&C Division of Hanwha Corporation has restarted in the Middle Eastern country.The Bismayah New City Project in Iraq partially resumed after a year an
Doosan Enerbility is expanding its metal additive manufacturing (AM) business, which has been growing in the power generation and defense sectors, into the shipbuilding sector.Metal additive manufacturing is a technology that manufactures metal material parts by stacking metal powder layer by layer,
JW Pharmaceutical announced on Feb. 26 that it has signed a joint research agreement with its subsidiary, C&C Pharmaceuticals Research Institute, for the development of innovative anti-cancer cell therapies.According to the agreement, JW Pharmaceutical will develop a new CAR-NK cell therapy targetin
The Korea Expressway Corporation (KEC) announced on Feb. 26 that it signed a memorandum of understanding (MOU) on Feb. 23 with the Road Development Authority (RDA) of Mauritius for the consulting services related to the maintenance of the A1-M1 cable-stayed bridge as part of a follow-up initiative o
The Ministry of Agriculture, Food and Rural Affairs (MAFRA) announced on Feb. 25 that it held the first Korea-Qatar Smart Farm Cooperation Committee in Doha, Qatar, to promote exchanges and cooperation in the field of smart agriculture between the two countries as a follow-up to an MOU signed betwee
SK telecom announced on Feb. 22 that it has successfully completed the conceptual verification of AI-based wireless transmission and reception technology for future 6G mobile communications for base stations in cooperation with NTT DoCoMo, NTT, and Nokia Bell Lab.The developed technology incorporate
SK bioscience, a global innovative vaccine and biotech company committed to promoting human health from prevention to cure, announced today that the company has obtained prequalification (PQ) certification from the World Health Organization (WHO) for its typhoid conjugate vaccine (TCV), ‘SKYTyphoid®
HL Group’s HL Mando has officially launched a joint venture with China’s automotive parts company, Tianrun Industry Technology, related to the manufacturing of electric steering for commercial vehicles. The joint venture, Tianrun Mando, will have a total capital investment of 100 million renminbi, w
The Export-Import Bank of Korea (Korea Eximbank) announced on Feb. 22 that it has signed a memorandum of understanding (MOU) with Germany’s KfW IPEX-Bank (KfW IPEX) for cooperation in the field of advanced industries and supply chains.KfW IPEX is a subsidiary fully owned by the German federal govern
The government is focusing its policy efforts on “normalizing the nuclear power industry ecosystem.” It has come up with support measures encompassing advancing research and development (R&D), facilitating job opportunities, extending financial aid, and offering tax incentives.On Feb. 22, the govern
Representatives of Korea Energy Technology University (KENTECH) announced on Feb. 21 that they had signed a memorandum of understanding (MOU) on Feb. 20 in Halle, Germany, with representatives of Fraunhofer IMWS and Anhalt University of Germany to strengthen cooperation throughout the entire cycle o
The Korea Evaluation Institute of Industrial Technology (KEIT) opened the Korea-Germany Supply Chain Technology Cooperation Center at the Fraunhofer Institute for Ceramic Technologies and Systems IKTS in Dresden, Germany, on Feb. 20 to help stabilize global supply chains in key industries.The openin
The government announced today the start of the new project application period for this year as part of its global R&D initiative, aiming to establish a cooperative hub with top overseas research institutions. In particular, through the newly introduced “Top-tier” project, which is valued at 10 bill
The government plans to accelerate the expansion of K-food exports. It aims to achieve exports of US$13.5 billion this year and has set a target of US$23 billion by 2027.On Feb. 20, the Ministry of Agriculture, Food and Rural Affairs announced the “K-Food+ Export Innovation Strategy” to nurture K-fo
In relation to the crash of the Marineon (MUH-1) utility helicopter in 2018, which resulted in the death of five individuals, Korea Aerospace Industries Ltd. (KAI) has been ordered by the court to compensate the state over 1.4 billion won. This first-instance verdict came after the state filed a law
SK hynix President and CEO Kwak Noh-jung stated that the company is carefully considering the selection of a site for an advanced packaging facility in the United States, targeting all states.On Feb. 19, CEO Kwak made these remarks during a meeting with the press following the regular meeting of the
Despite the current economic downturn, South Korea’s top three battery manufacturers are ramping up their investments in infrastructure this year to strengthen their business foundations. According to industry sources on Feb. 18, LG Energy Solution plans to invest approximately 10.9 trillion won in
The presidential office stated regarding Cuba, with which diplomatic relations have recently been established, that “as a major reserve of nickel and cobalt, which are essential for secondary battery production, Cuba holds significant potential for cooperation in mineral supply chain sectors.”Accord
As the global political environment is expected to change due to elections in major countries, Korean industries discussed trade issues such as global policy responses with the Korean government. Companies submitted recommendations to the Korean government on trade issues, including difficulties in