Samsung Electronics secured high-purity hydrogen fluoride equivalent to a two-month inventory after the Japanese government restricted the export of semiconductor and display materials to South Korea on July 4. The company is planning to keep improving the efficiency of its semiconductor manufacturi

South Korean shipbuilders’ performance in the first half of this year is not up to the mark. The amount of new shipbuilding orders they won in the first six months of the year fell short of half of their yearly goals.The poor performance is attributed to a drop in the amount of new shipbuilding orde

Korea Western Power Co. and the U.S. Electric Power Research Institute (EPRI) discussed ways to promote cooperation between the two organizations at the former’s main office in Taean, South Chungcheong Province, on July 16.EPRI is a nonprofit research consortium founded in 1913 to develop technology

Hyundai Motor is pushing for production of the Kona Electric at its Czech factory from the first half of next year. The Czech plant is emerging as Hyundai Motor’s overseas production base for eco-friendly vehicles as it is already scheduled to produce the Tucson Hybrid and Tucson PHEV.Hyundai Motor

The Ministry of Trade, Industry and Energy announced on July 17 that the United States Department of Commerce decided to raise its anti-dumping duty on thick plates exported by South Korean steelmakers from approximately 7 percent to 20.09 percent.“U.S. President Donald Trump recently blocked foreig

A Korea-U.S. research team has developed artificial intelligence-based radar to cope with the drone threat from North Korea. The radar is powerful enough to detect an ultra-small drone over three kilometers away.The Daegu Gyeongbuk Institute of Science and Technology (DGIST) announced on July 16 tha

JW Holdings announced on July 16 that it has won a patent in EU for its source technology for a “multi-biomarker diagnostic kit” that can detect pancreatic cancer during its early stages with a simple blood test.The company said its technology is an innovative diagnostic platform that helps detect p

An increasing number of South Korean companies are making a direct investment in overseas autonomous driving technology companies.ESMO Co., a South Korean wiring harness producer, made a 26.30 billion won (US$22.32 million) investment in France-based self-driving car developer Navya on July 1, accor

Suspicions have been raised that a former Korea Hydro & Nuclear Power (KHNP) employee leaked more than 2,300 copies of confidential data related to the Shingori nuclear power plant in order to get a new job abroad.According to Liberty Korea Party lawmaker Park Dae-chul, who is a member of the Scienc

Dong-A ST Co. are stepping up efforts to develop new drugs. The company has developed four new homegrown treatments and has been investing 10 percent of its sales in research and development (R&D) every year to achieve its goal to become a leading company with globally sold new medicines.The company

GS Group is joining hands with Lotte Chemical Corp. to strengthen its petrochemical business. Lotte Chemical is partnering with GS Group in addition to Hyundai Oilbank Co. to secure a stable supply of petrochemical compounds.GS Energy Corp. announced on July 15 that it has agreed with Lotte Chemical

A prospect has been made that the manufacturing industry, the mainstay of the Korean economy, will face more difficulties in the third quarter of this year. Considering Japan's export restriction measures, the Korean manufacturing industry may feel less confident.On July 14, the Korea Institute

South Korean shipbuilders are leading the ultra large containership market as well as liquefied natural gas (LNG) carrier.Daewoo Shipbuilding and Marine Engineering Co. (DSME) is planning to deliver one of five 23,000 TEU containerships ordered by Swiss-based shipping line Mediterranean Shipping Co.

Early last month, the United States International Trade Commission (USITC) initiated an investigation targeting four auto parts importers at the request of Hyundai Motor Co. and Hyundai Motor America. Hyundai claimed in May that unauthorized auto parts were imported into the United States in violati

South Korean biotech venture companies are focusing their research and development (R&D) on metabolism-based anti-cancer drugs, which are called fourth-generation cancer treatments. Since the development of metabolism-based cancer treatments is a virgin territory even for multinational pharmaceutica

Many South Korean companies are having a hard time formulating their business strategies for the second half of this year. This is because the U.S.-China trade war is ongoing, both exports and domestic consumption are sluggish, and Japan’s economic retaliation is adding to their difficulties.Earlier

Samsung Electronics is concerned over how to operate its foundry facilities, which are the core of its non-memory chip business, with the Japanese government restricting exports of photoresists for use in extreme ultraviolet (EUV) lithography, which constitute the center of the company’s foundry bus

Hyundai Mobis unveiled a Robo Taxi in Moscow, Russia on July 11. The self-driving taxi was based on a fully autonomous mobile platform developed jointly with Yandex, Russia's largest internet portal operator. The driverless taxi is the first major achievement of the two companies since they sign

LG Chem is considering building a second battery plant in the United States after the first one in Michigan. The company is expected to make a decision on the matter soon in light of its large order backlog.Reuters reported on July 11 that LG Chem was considering investing about US$1.7 billion to bu

Korea Gas Corp. (KOGAS) announced on July 10 that it has successfully issued sustainable bonds worth US$500 million.This marked the first time that KOGAS issued sustainable bonds. KOGAS became the first state-run corporations to issue 10-year environmental, social and governance (ESG) bonds. ESG bon