At the Huawei Product & Solution Launch held during MWC Barcelona 2024, Bruce Xun, President of Huawei's Global Technical Service Dept, announced the launch of Huawei's digital intelligent series of solutions in the ICT services & software field. New AI technology is applied to solutions such as Int
SK enmove announced on Feb. 28 that it has signed a memorandum of understanding for collaboration in the field of next-generation cooling solutions with SK telecom, South Korea’s leading telecommunications company, and Iceotope, a U.K.-based specialist in liquid cooling solutions. The signing ceremo
Hyundai Heavy Industries Power Systems (HPS), together with HD Korea Shipbuilding & Offshore Engineering (KSOE) and CE-TEK has signed a joint development program agreement for the research and development of Onboard CCS demonstration units.The Onboard CCS demonstration unit is scheduled to undergo c
Four low-cost carriers (LCCs) -- Jeju Air, Air Premia, Eastar Jet, and Air Incheon -- participated in a preliminary tender for the sale of Asiana Airlines’ cargo business division.The four LCCs submitted letters of intent (LOIs) after UBS, the sale organizer, finished accepting LOIs for the prelimin
The government has come up with a detailed blueprint at the inter-ministerial level, encompassing export targets for key items such as semiconductors, automobiles, and plants, to achieve this year’s export goal of US$700 billion. It includes the largest-ever support measures to accelerate progress,
During MWC Barcelona 2024, the Net5.5G-oriented products and solutions were launched by the President of Huawei's Data Communication Product Line, Leon Wang. He noted that new ultra-broadband applications such as immersive terminals and AIGC have brought new opportunities to carriers. In addition, n
Seed Group, a leading company under the Private Office of Sheikh Saeed bin Ahmed Al Maktoum, has taken a significant step towards revolutionising the travel industry in the Middle East and North Africa (MENA) region through its strategic partnership with Seoul-based hospitality tech startup ONDA.Wit
On Feb. 26 (local time), Korea Hydro & Nuclear Power (KHNP) signed a letter of intent (LOI) with Centrus Energy Corp., a U.S. nuclear fuel and services supplier, in Washington, D.C., to pursue stable nuclear fuel supply.The latest LOI builds upon the memorandum of understanding (MOU) signed in April
Samsung Electronics has thrown a decisive move to overturn the market dynamics of High Bandwidth Memory (HBM), a key component of Artificial Intelligence semiconductors, by being the first in the industry to mass-produce the 5th generation HBM, known as “HBM3E” with 12 layers, in the first half of t
Domestic game companies are putting significant effort into capturing the Middle East market. Based on “oil money,” this region possesses high financial power and purchasing capability but is still an untapped market due to inadequate communication infrastructure and other issues. Although the uncer
By the end of 2023, more than 300 5G commercial networks had been launched worldwide, serving more than 1.6 billion users. 5G development is now well underway, with the growth rate of global 5G users reaching seven times higher than that of 4G users in the same period. Operators using Huawei solutio
Doosan Enerbility is expanding its metal additive manufacturing (AM) business, which has been growing in the power generation and defense sectors, into the shipbuilding sector.Metal additive manufacturing is a technology that manufactures metal material parts by stacking metal powder layer by layer,
Amid growing concerns about expanding trade risks in big election years in 76 countries around the world holding elections, the Korean government has decided to actively manage risk factors through a strategy meeting among industry, academia, and research centers.The Ministry of Trade, Industry and
By combining three key factors—AI-powered real-time translation technology, expertise in professional translation, and know-how in video production—Flitto enhances the competitiveness of K-content and expands its reachFlitto (CEO Simon Lee, KOSDAQ 300080), an AI data solution and professional transl
Huawei hosted the 5G Beyond Growth Summit at MWC Barcelona 2024 today. At the summit, Li Peng, Huawei's Corporate Senior Vice President and President of ICT Sales & Service discussed how carriers can achieve business success in 5G and how 5.5G will further unlock the potential of networks and create
The Ministry of Trade, Industry and Energy (MOTIE) and the Korea Trade-Investment Promotion Agency (KOTRA) announced on Feb. 23 that they held an online briefing on the 2024 Secondary Battery U.S. Investment Strategy to help Korean companies break into the U.S. secondary battery market.The event was
The U.S. government has decided to support SK siltron with investment funding in the form of a loan to expand its production in the United States. SK siltron CSS currently operates a factory in Bay City, Michigan.The Loan Programs Office (LPO) under the U.S. Department of Energy announced on Feb. 22
Hyundai Engineering & Construction (Hyundai E&C) has been selected as the preferred negotiating partner for a major nuclear power plant project in Bulgaria, marking its return to the overseas market after 15 years.The company announced on Feb. 23 that it has solely passed the pre-qualification asses
Cell Biotech announced on Feb. 22 that it has obtained the highest level of safety recognition from the U.S. Food and Drug Administration (FDA), the Generally Recognized As Safe (GRAS) certification, for 11 Korean probiotic strains. Through this validation, Cell Biotech has added certification for 1
HL Group’s HL Mando has officially launched a joint venture with China’s automotive parts company, Tianrun Industry Technology, related to the manufacturing of electric steering for commercial vehicles. The joint venture, Tianrun Mando, will have a total capital investment of 100 million renminbi, w