Samsung C&T is leading the smart construction market by actively introducing robotic technology to replace high-risk tasks on construction sites. Notable examples include floor robots for access floor construction, anchor construction robots, and drilling robots.In 2021, Samsung C&T commercialized a
LG Energy Solution has successfully developed next-generation battery technology that enables a driving range of 900 kilometers on a single charge.On Dec. 7, a joint research team from LG Energy Solution and the Korea Advanced Institute of Science and Technology (KAIST) announced that they have deve
The Export-Import Bank of Korea (Eximbank) announced on Dec. 7 that it will provide a total of US$170 million in project financing (PF) for the Manah1 solar power project in Oman, which was secured by Korea Western Power (KOWEPO).The Manah1 solar power project, led by Oman’s state-owned Electricity
Samsung SDI is accelerating its pursuit of next-generation battery technology by establishing a new development organization aimed at solidifying its technological edge.On Dec. 7, the industry reported that Samsung SDI has conducted a regular organizational restructuring. Notably, this reorganizatio
Doosan Robotics has set the goal to become the leading company in the global collaborative robot market, excluding China. A collaborative robot refers to a robot that works in the same space as humans. To achieve this, the company plans to expand its product lineup from 13 to 17 models by 2026 and a
Analysts suggest that credit card companies partnering with mobile payment systems like Apple Pay experience initial benefits in attracting new customers, but face challenges in anticipating sustained profitability in the long run.According to sources in the financial sector on Dec. 7, Oh Tae-rok, a
Pernod Ricard Korea, the Korean unit of global wine and spirits company Pernod Ricard, announced that it will expand its professional training in sustainable and responsible bar operations at Jeju University.The ‘Bar World of Tomorrow' is a training program designed by the Pernod Ricard Group to pro
A Chinese state-run think tank expressed the view that South Korea’s concerns sparked by China’s recent withholding of customs clearance for urea exports from China to South Korea can be resolved through friendly negotiations.“Two years ago, during a urea shortage situation in South Korea, China urg
Global EV battery usage continued to enjoy double-digit growth this year despite concerns that the growth of the EV market will slow down.The total usage of batteries in battery electric vehicles, plug-in hybrids, and hybrid vehicles registered in various countries from January to October this year
Hyundai Motor will shut down its local plant, which once drove the automaker’s strong sales in Russia, by the end of this year. Some local reports say that the Korean carmaker will sell the plant to a local company in Russia in the aftermath of the Russian-Ukrainian war.Hyundai Motor plans to close
LOTTE Fine Chemical recently contracted for 5,000 tons of Vietnamese urea, signaling a shift towards alternatives to Chinese imports amid growing concerns over shortages in supply of diesel exhaust fluid (DEF), essential for diesel vehicles, due to disruptions in Chinese urea imports.On Dec. 6, the
Mirae Asset Global Investments announced on Dec. 5 the listing of two new Exchange Traded Funds (ETFs) on the Korea Exchange: the “TIGER U.S. Tech TOP10INDXX (H) ETF (472160)” and the “TIGER U.S. Tech TOP10 Bond Mixed ETF (472170).”The TIGER U.S. Tech TOP10INDXX (H) ETF invests in the top 10 market
SK gas has disclosed on Dec. 6 that it will acquire 18,200 shares of GridFlex, a U.S. electric sales company, for about 69.7 billion won (US$52.8 million).Following the acquisition, SK gas’s stake in the company will rise to 80%, with the acquisition scheduled for April 30, 2025. SK gas has stated t
HD Hyundai Heavy Industries announced the world’s first application of a damping material made from graphene, often referred to as a dream material, on warships on Dec. 6.The damping material for warships, similar to a coating, is applied to the lower engine deck and the upper structure of the prope
The new regional head of the Hyundai Motor’s labor union, the largest single union in the country, has pledged to introduce a “4-day workweek” starting next year. This commitment has reignited the debate over reduced working hours, often described as a “hot potato” in the industry.On Dec. 6, Hyundai
In the market on Dec. 6, there is a stark difference in perspectives regarding the public acquisition of Hankook & Company by MBK Partners, the largest private equity fund in South Korea. Some view it as “an intervention for the normalization of corporate value,” while others perceive it as “a hosti
In a collective lawsuit related to suspicions of intentional performance degradation of the Apple iPhone smartphone in the United States, some domestic consumers have won a partial victory.On Dec. 6, the 12-3 Civil Division of the Seoul High Court ruled in favor of seven consumers in the appeal tria
In November, Lexus sold 1183 units, a 42.4 percent surge from the same month of 2022 in Korea.Mercedes-Benz topped import sales last month. Volvo and Lexus were also strong. By vehicle type, sales of internal combustion engine cars declined, while sales of eco-friendly cars such as hybrids and elect
Korea’s shipbuilding industry lost to rival China’s in November, slipping to second place in order intakes for the first time in a month. Korea had claimed the top spot in three months after knocking China off the top spot in October.Global ship orders in November reached 1.59 million standardized e