SK hynix Inc. announced today that it has begun volume production of HBM3E1, the newest AI memory product with ultra-high performance, for supply to a customer from late March. The company made public its success with the HBM3E development just seven months ago.SK hynix being the first provider of H
Samsung Electronics has failed to resolve wage negotiations again this year, signaling another round of union risks.The Nationwide Samsung Electronics Workers’ Union, the largest union at Samsung Electronics, announced on March 18 that it formed a labor dispute committee and will start a labor strug
“Predictability is what matters most for global companies,” said James Kim, chairman of the American Chamber of Commerce in South Korea (AMCHAM). “With an exodus out of China becoming a reality, we are receiving an influx of many inquiries from companies looking to move their Asia-Pacific headquarte
The National Pension Service (NPS) has come out against the reappointment of Cho Won-tae, president and chairman of Korean Air, as an inside director, sparking interest in the reasons behind the move.According to the aviation industry on March 17, the NPS’s Fund Management Committee is expected to v
Korea’s duty exemption threshold for cross-border shopping is set at US$150 per day. This limit is now on the table. It is blamed on the fact that Chinese e-commerce companies such as AliExpress, Temu, and Shein selling ultra-low-priced goods can quickly expand their presences in the Korean market t
The combined operating profit of the top 10 companies by market capitalization in the South Korean stock market falls short of those of leading Japanese company Toyota and top Taiwanese company TSMC.To address the “Korea discount,” which refers to the undervaluation of South Korean stocks, it is poi
SK bioscience, a global innovative vaccine and biotech company committed to promoting human health from prevention to cure, announced today Prof. Jan Holmgren of Sweden, and Profs. Barney Graham and Jason McLellan of the United States as the winners of the 2024 International Vaccine Institute-SK Bio
The value of overseas construction orders to Korean contractors exceeded US$30 billion for the fourth year in a row in 2023. Korean builders’ target for 2024 is US$40 billion. They have been looking for opportunities in overseas markets as the Korean real estate market has been slumping for a long t
According to foreign media reports, Samsung Electronics is set to adopt High Bandwidth Memory (HBM) process technology from SK hynix to catch up with its competitors in the HBM market.Reuters reported on March 13, citing multiple sources, that Samsung Electronics has purchased related manufacturing
It has been revealed that nine out of the top 10 major corporations have seen unanimous approval from external directors on board resolutions.Corporate data research institute CEO Score announced on March 13 that out of the 181 companies listed among the top 500 domestic companies by revenue, which
CJ Logistics announced on March 13 that it has received the Center of Excellence for Independent Validators Lithium Batteries (CEIV Lithium Batteries) from the International Air Transport Association (IATA). The CEIV Lithium Battery Certification is an international standard certification issued by
A medical waste treatment system, which is capable of 99.9999 percent sterilization by using high-temperature and high-pressure steam, has been developed for the first time in the country.The Korea Institute of Machinery and Materials (President Seog-Hyeon Ryu, hereinafter referred to as KIMM), an i
SK innovation has liquidated its Chinese battery subsidiary.According to the Financial Supervisory Service’s electronic disclosure system on March 12, SK innovation has liquidated its China-based subsidiary Blue Dragon Energy. It has been six years since the company invested 580 million yuan in Blue
As the production timeline for the next-generation High Bandwidth Memory (HBM) approaches, announced by major memory semiconductor companies, these companies are ramping up efforts to improve yield rates.According to industry sources on March 12, major memory semiconductor companies like Samsung Ele
Samsung Group’s electronics affiliates are joining forces to expedite the commercialization of glass substrates, a material used in semiconductor packaging, by establishing a united front for joint research and development (R&D). This strategy aims to achieve commercialization faster than semiconduc
Samsung Electronics and SK hynix have reportedly stopped selling their old semiconductor equipment to China. The move comes in response to the United States urging them to align with its controls on semiconductor exports to China.The Financial Times (FT) cited several industry insiders on March 12 s
Four Seasons Hotel Seoul ushers in a new era of excellence with the appointment of Michael Schmid as General Manager.A pioneering multi-lingual hospitality veteran and strategic visionary, Michael is a felicitous new addition to the dynamic creativity and high-care curation of Four Seasons hospitali
Kia announced on March 10 that its flagship electric vehicle, the EV9, has been named as the 2024 U.K. Car of the Year.The U.K. Car of the Year is selected each year by a 30-member judging panel of locally based automotive journalists who vote on vehicles launched in the last 12 months. Participatin
LG Household & Health Care announced on March 10 that its cosmetics brand CNP has released new products in its flagship “Propolis” line, specifically targeting the Japanese market.CNP is selling new products, Propolis Vitamin Ampoule and Glow Ampoule, as well as two types of mist, at Ainz & Tulpe st
SK ecoplant has partnered with the global resort company Therme Group to advance the development of a European-style spa and resort in Songdo.On March 8, SK ecoplant announced the signing of a memorandum of understanding (MOU) with Therme Group for the resort development and construction, as well as