Chung Jae-hoon, the president of Hyundai Motor Company, discussed the company’s plans concerning electric vehicle charging during the Goodwood Festival in West Sussex, England. Following the unveiling of the first high-performance electric vehicle, the Ioniq 5 N, under Hyundai's core electrifica
Samsung Electronics has teamed up with LG Display to start selling 83-inch (diagonal length about 211 cm) OLED TVs in the United States. The company had been unable to penetrate the large-scale OLED TV market due to the panel production limits of its affiliate Samsung Display, but now it is capable
President Yoon Suk-yeol attended a series of bilateral meetings with 13 national leaders during the NATO summit held in Vilnius, Lithuania on July 11 and 12 (local time). The discussions aimed to strengthen the supply chains of advanced industries such as semiconductors, electric vehicles, batteries
The Semiconductor Fabless Alliance, involving semiconductor demand companies and supply companies, has been established. The objective of the alliance is to promote synergy among enterprises and strengthen industrial competitiveness by developing semiconductors based on domestic finished products th
Hyundai Motor Group is facing another difficulty as the United States strengthens automobile emissions regulations while Hyundai is unable to receive electric vehicle subsidies due to the Inflation Reduction Act (IRA).According to the industry on July 9, Hyundai criticized the vehicle emission regul
Chairman Koo Kwang-mo of LG Group, Vice Chairman Kim Dong-kwan of Hanwha, and Chairman Koo Ja-yeon of LS are among the conglomerate heads accompanying President Yoon Suk-yeol on his visit to Europe. Chairman Lee Jae-yong of Samsung Electronics, Chairman Chey Tae-won of SK Group, and Chairman Chung E
With regard to batteries, the mood is changing in Europe, which has been pushing for battery self-sufficiency to lower its dependence on Korea for batteries. With the proliferation of startup battery companies in Europe, demand for battery materials is expected to surge there. Faced with technologic
The Ministry of Trade, Industry and Energy (MOTIE) plans to form a “One Team” with major corporations including SK and GS Energy to drive the small modular reactor (SMR) industry. They aim to establish concrete measures for the revitalization of the SMR industry within this year.According to MOTIE o
Samsung Electronics’ 83-inch OLED TV model will hit the market soon, signaling the beginning of an OLED TV alliance between Samsung Electronics and LG Display.According to industry sources on July 3, Samsung Electronics added an 83-inch OLED 4K TV (KQ83SC90AEXKR) to its OLED TV lineup in the July/Au
Hyundai Motors is equipping its luxury brand Genesis with LG Display’s Organic Light Emitting Diodes (OLED) display. As Hyundai Motor Group partners with LG Group, evaluations suggest that the “Korean Future Car Alliance” is becoming more robust.According to the automobile industry on July 3, Genesi
LX Semicon, a fabless company under LX Group, a conglomerate which was previously part of the LG group, is currently considering delegating the production of next-generation display driver ICs (DDIs) to the Samsung Electronics Foundry semiconductor contract manufacturing division. The collaboration
Samsung Electronics has announced it will surpass TSMC, the world's leading semiconductor foundry company, through the mass production of cutting-edge 2-nm processes. Samsung Electronics revealed its confidence in leading the paradigm shift in artificial intelligence (AI) technology through its
CJ Logistics, a leading innovative technology company in Korea, has announced a strategic partnership with the Korea Ocean Business Corporation (KOBC) to construct large-scale logistics centers in the United States through a public-private collaboration. With a total investment of approximately $457
The Chinese battery industry, which had been focused on attacking the European electric vehicle battery market led by Korea, is extending its reach to the energy storage system (ESS) market. They are partnering with their country’s strong solar power value chain to challenge the European household s
Renault Korea, KG Mobility (formerly SsangYong Motors), and GM Korea, three major domestic mid-tier automobile manufacturers, have begun preparations to enter the electric vehicle market. They are preparing for the launch of electric car models and the expansion of some production facilities. Howeve
Taiwan has proposed forging a Northeast Asian cruise federation to the South Korean government.The Korean Ministry of Oceans and Fisheries held a closed-door meeting in Taiwan last month with the Taiwanese port industry, including Taiwan International Ports Corporation (TIPC) and International Cruis
SK Group announced on June 22 that they are backing a project to build a memorial in commemoration of the 70th anniversary of the Korea-U.S. alliance. The memorial will honor the late Colonel William E. Weber and General John Kirk Singlaub, both renowned figures of the alliance and heroes of the Kor
SK telecom (SKT) announced that “K-Artificial Intelligence (AI) Alliance” partner representatives, including President Yoo Young-sang, gathered in Silicon Valley in the U.S. on June 16 to discuss ways to enhance business cooperation to lead the global AI ecosystem.The K-AI Alliance now consists of 1
Nvidia’s stock price has nearly doubled since the beginning of the year due to the artificial intelligence (AI) craze. Therefore, the U.S. semiconductor company surpassed US$1 trillion (about 1,275 trillion won) in market capitalization at the close of trading on June 13 (local time), becoming the s
CJ Logistics announced on June 16 that it has signed a “Strategic Business Agreement for Global Logistics Activation” at the headquarters of Evergreen in Taoyuan City, Taiwan.Evergreen is a worldwide shipping company that transports container cargo globally, ranking 6th in the world in terms of ship