SK hynix Inc. announced today that it recorded an operating profit of 346 billion won (US$259 million) in the fourth quarter of last year amid a recovery of the memory chip market, marking the first quarter of profit following four straight quarters of losses.The company posted revenues of 11.31 tri
Celltrion announced on Jan. 24 that it has signed a memorandum of understanding with WuXi XDC, a China-based company specialized in Antibody-Drug Conjugates (ADC), for the development of new ADC therapeutics, and has commenced product development for Contract Development and Manufacturing Organizati
The Ministry of Trade, Industry and Energy plans to inject 100 billion won into companies in advanced strategic industries and key supply chain sectors that are returning (U-turn) to Korea this year. This marks a 75% increase from the previous year. The corporate tax reduction period will be extende
Military representatives from six of the countries operating the prestigious 155mm/52-calibre K9 Self-Propelled Howitzer (SPH), developed by Hanwha Aerospace, have convened in Helsinki, Finland, for the annual K9 User Club meeting.For this year’s meeting, the third of its kind since 2022, Finland, w
The author, Sam seog Ko, is a distinguished professor at the College of AI Convergence at Dongguk University and former commissioner of the Korea Communications Commission -- Ed.The global streaming service Netflix is rapidly changing the media market. Especially during the corona pandemic, media ex
The Korean automobile industry including Hyundai Motor Group and the Korean battery industry have submitted a letter of opinion in order to ask the U.S. government to allow the use of key minerals for electric vehicle (EV) batteries produced in China for a limited period of time.Hyundai Motor Group
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
Celltrion has launched an 80-mg dosage form of its biosimilar Yuflyma (adalimumab) for the treatment of autoimmune diseases in the United States.Celltrion said on Jan. 17 that 80 mg is the same high-concentration (100 mg/ml) formulation as the 40 mg version that became available in the United States
On the 11th, the global AI data platform AIMMO, led by CEO Oh Seung-taek, hosted a solo conference, the 'AIMMO AI Tech Summit,' at CES 2024 in Las Vegas. The event received positive reviews for the launch of its new data cycle process, '4Core.'AIMMO's innovative product, '4Core,' epitomizes the indu
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
Samsung Electronics’ first artificial intelligence (AI) smartphone, the Galaxy S24 series, is set to be unveiled on Jan. 18.According to industry sources on Jan. 14, Samsung Electronics will reveal the Galaxy S24 series at its first half of the year product launch event, Galaxy Unpacked 2024, schedu
Celltrion’s biosimilar products for the treatment of autoimmune diseases have successively won bids in major European countries.According to Celltrion on Jan. 12, Yuflyma (active ingredient: adalimumab) has successfully won a government bid in Italy. Yuflyma was awarded in the adalimumab government
Hyundai Steel has lost a prevailing wage lawsuit against its workers. The Supreme Court ruled in favor of workers in the Hyundai Steel normal wage case on Jan. 11, following the first and second trials.In May 2013, the Hyundai Steel workers filed a lawsuit against the management, claiming that regul
GC Biopharma Group is approaching close to 5 trillion won in total assets, setting a milestone as the first traditional pharmaceutical group to reach the disclosure threshold for public reporting.According to the electronic disclosure system on Jan. 11, the total assets of GC Biopharma Group, includ
South Korea would be hit hard if China invaded Taiwan and a war broke out, according to a forecast by Bloomberg Economics.On Jan. 9 (local time), Bloomberg Economics, an economic research institute affiliated with Bloomberg News, said the geopolitical crisis in Taiwan could intensify ahead of a pres
Pulmuone participated in the '2024 Consumer Electronics Show (CES 2024),' the world's largest advanced industry exhibition held from the 9th to the 12th local time in Las Vegas, Nevada, US, the 12th, and introduced menus created by the unmanned instant cooking platform 'Chulchul(which means the feel
At CES 2024, held from Jan. 9 to 12 in Las Vegas, Nevada, in the U.S., SK telecom is showcasing transformative AI technologies designed to alter everyday life.Located in the Central Hall of the Las Vegas Convention Center, SK Group’s exhibition booth featured a Magic Carpet attraction, embodying Urb
SK hynix announced that President and CEO Kwak No-jung held a media conference in Las Vegas, U.S., a day before the opening of CES 2024, on Jan. 8 (local time). The theme of the conference was “Memory, The Power of AI.”In the meeting with major domestic and international journalists, President Kwak
With the re-addition of Guatemala, the only Central American country that had previously withdrawn from the Free Trade Agreement (FTA) with South Korea and Central American nations, the FTA has reached its final completion.The Ministry of Trade, Industry, and Energy (MOTIE) announced that it formall
Hyundai Motor India Limited (HMIL), announced Rs 6 180 Crore investment plans in the state of Tamil Nadu (this includes Rs 180 crore towards a dedicated ‘Hydrogen Valley Innovation Hub,’ in association with IIT- Madras). This is in addition to the Rs 20 000 Crore investment planned in a phased manne