Generative artificial intelligence (AI) smartphones are forecasted to lead market trends starting from 2024 with smartphone manufacturers planning to incorporate generative AI functions into their devices. Industry leaders like Samsung Electronics, with its Galaxy AI, are expected to dominate this e
Micron Technology, alongside other leading artificial intelligence (AI) semiconductor companies like Intel, has ramped up efforts to challenge industry front runners. According to semiconductor industry sources on Dec. 24, Micron, the third-largest DRAM manufacturer globally, is currently undergoing
LG Electronics is intensifying its foray into the automotive market by enhancing its capabilities in car security platforms. The company plans to expand its market presence by strengthening global marketing and incorporating security technologies into its infotainment systems and telematics componen
The rivalry in the advanced 2-nanometer (nm) semiconductor process among leading chipmakers from South Korea, Taiwan, and the United States is expected to intensify next year.According to industry reports on Dec. 25, global foundry leaders – Taiwan’s TSMC (first in the industry), South Korea’s Samsu
Samsung Electronics has postponed the start of mass production at its new semiconductor factory in Taylor, Texas, to the year after next. Initially, mass production was expected to begin by next year. The delay is speculated to be due to issues related to U.S. government subsidies and various permit
The world’s leading automakers are adopting technologies developed by Korean startups. In particular, major German automakers Benz and BMW are active in using them.PiQuant is a Korean company that develops spectroscopy-based component detection and measurement devices and solutions, and has develope
The Korea International Trade Association (KITA) on Dec. 25 released a report on how to secure raw materials to foster Korea’s electric vehicle battery recycling industry. The report was written based on forecasts from SNE Research, a market research firm specializing in energy.The size of the globa
The Korean government has temporarily postponed the dispatch of an additional reconstruction cooperation team to Ukraine. This is due to a combination of changes in the international situation due to the prolonged Ukraine-Russia war and a reshuffle of the Yoon Suk-yeol administration of Korea.Accord
With its wit and freshness, Premium vodka ABSOLUT, which represents Pernod Ricard Korea Co. Ltd (Pernod Ricard Korea), has collaborated with the globally renowned design studio Sticky Monster Lab and Olly Alexander-an active composer, an actor, and the front man of the British Band Years&Years-and,
Samsung Heavy Industries (SHI) and Hanwha Ocean, two of the three major Korean shipbuilders along with HD Korea Shipbuilding & Offshore Engineering (KSOE), are expected to fail to meet their annual order targets set earlier this year by the end of December.According to sources in the shipbuilding in
On the morning of Dec. 23 a fire broke out at POSCO’s Pohang Works, temporarily halting the operation of three blast furnaces. The government and POSCO said that the restart of the furnaces after putting out the fire would not cause any major disruption to the production and supply of products. Howe
Leading defense industry companies in South Korea, including Hanwha Aerospace, Korea Aerospace Industries (KAI), LIG Nex1, Hyundai Rotem, and Hanwha Ocean, have hit “contract jackpots” in countries like Poland and Australia, marking a significant shift for South Korea from a defense equipment import
Top executives from major South Korean conglomerates are set to make a strong presence at “CES 2024,” the world’s largest Information Technology (IT) and consumer electronics expo to be held in Las Vegas, Nevada, in the U.S. next month.According to business sources on Dec. 25, key executives from ma
In the latter half of this year from July to November, the top-ranked app in domestic shopping categories for downloads, according to data from IGAworks, is the Chinese app Temu. Temu’s monthly active users (MAU) have surged sevenfold in just three months. The market share of AliExpress, the oversea
According to the International Contractors Association of Korea (ICAK) on Dec. 25, the total value of construction contracts in the Middle East, including Saudi Arabia and the United Arab Emirates (UAE), has reached US$8.38 billion from the beginning of the year to the end of November this year, mar
Chinese online retail giant AliExpress has emerged as the fastest-growing app in South Korea this year. According to WiseApp, an app and retail analytics service, AliExpress is the app that has had the most users in South Korea over the past year. AliExpress had only 3.36 million users in January, b
SK ecoplant is positioning itself as a domestic powerhouse in offshore wind power, one of the most prominent eco-friendly energy business alongside the solar power business. SK ecoplant is jointly developing an offshore wind power ocean energy project. The project is to build floating and fixed offs
Dong-A Socio Group’s specialty drug affiliate, Dong-A ST, will enter the ADC market through the acquisition of an antibody-drug conjugate (ADC) linker platform company. ADCs are a treatment that combines an antibody that combines a target antigen with a cytotoxic drug as a linker and is known for it
In the future, cryptocurrency issuing companies will no longer be able to arbitrarily recognize profits or assets.The Securities and Futures Commission (SFC) under the Financial Services Commission (FSC) announced on Dec. 21 that it had passed the “Supervisory Guidelines for Accounting Treatment of
The Financial Supervisory Service (FSS) is reportedly seeking a combined fine of 20 billion won (US$15.36 million) for BNP Paribas and HSBC, both of which have engaged in naked short selling. The FSS aims to impose an individual fine of 10 billion won on each of the financial institutions.Bloomberg