As large offshore wind power projects are being actively pursued in South Korea, it is estimated that investments could reach up to 100 trillion won by 2030.According to the Ministry of Trade, Industry and Energy, the government aims to deploy offshore wind power facilities with a total capacity of
Last year, Samsung Electronics’ shareholder returns rate surpassed that of global big tech companies such as Microsoft and Meta. This achievement comes despite the worst semiconductor downturn in history last year, demonstrating Samsung’s commitment to maintaining dividend payouts and focusing on sh
Amid the global AI boom, there are forecasts suggesting that the revival of memory exports in South Korea could potentially boost the first-quarter performance of Samsung Electronics and SK Hynix.According to Bloomberg Intelligence, a research institution under Bloomberg, Senior Analyst Masahiro Wak
Hyundai announced on March 31 that it has released a campaign video on its worldwide YouTube channel showcasing the process of its IONIQ 5 autonomous robotaxi obtaining a U.S. driver’s license.Titled “IONIQ 5 Robotaxi Passes the Driving Test,” the video depicts the IONIQ 5 Robotaxi undergoing a driv
Samsung Electronics has regained the top spot in global smartphone sales from Apple after five months, thanks to the successful launch of the world’s first AI phone, the Galaxy S24 series, which received favorable reviews in the North American market. The latest increase in sales volumes of new fold
The global community is on edge following reports that China plans to eliminate products from American companies Intel and AMD. This move surpasses mere retaliation against the United States’ intensified semiconductor export restrictions, indicating China’s confidence in its own technological develo
Huawei released its 2023 Annual Report today. The company reports that its performance was in line with forecast, having generated CNY704.2 billion in revenue and CNY87 billion in net profits. Throughout the past year, Huawei's ICT infrastructure business remained solid, and its consumer business me
The amount of debts owed by households and businesses in Korea was more than twice Korea’s gross domestic product (GDP). About half of the nation’s companies were unable to pay even interest on their debts with money they earned from sales, revealing their vulnerability.The ratio of private credit t
According to sources in the shipping industry on March 28, Gemini Cooperation, a shipping business alliance between the world’s No. 2 shipping company Maersk and No. 5 Hapag-Lloyd to go live in February next year has proposed a plan to exclude Busan Port of South Korea and ports of Japan, Vietnam, a
Lotte Group has revealed its determination to achieve operational efficiency through selection and concentration and to enhance corporate value by restructuring its business structure.At the 57th regular shareholders’ meeting of Lotte Holdings held at Lotte World Tower in the Songpa district of Seou
Hankook & Company, the holding company of Hankook Tire & Technology (Hankook Tire), held its 15th annual shareholders’ meeting at its headquarters in Pangyo, Seongnam, Gyeonggi Province, on March 28. At the meeting, it passed a proposal to establish a provision for interim dividends. Hankook & Compa
The AI semiconductor market, currently concentrated on Nvidia and High Bandwidth Memory (HBM), is expected to diversify into DRAM and other areas moving forward.On March 28, Kwon Seok-jun, a professor in the School of Chemical Engineering at Sungkyunkwan University, participated in the 2024 ACE Semi
Following the victory of the anti-merger faction led by brothers Lim Jong-yoon and Lim Jong-hoon, former presidents of Hanmi Pharmaceutical, in the proxy fight at the Hanmi Science shareholders’ meeting, the OCI Group declared the suspension of the merger process.OCI Holdings, the holding company of
Chey Min-jung, the younger daughter of Chey Tae-won, the chairman of SK Group, has recently founded a healthcare startup in the United States.According to industry sources on March 28, Min-jung has been listed as a co-founder of Integral Health, an AI-based healthcare startup established recently. T
Kwak Noh-jeong, president and CEO of SK hynix, announced on March 27 that the order volume for High Bandwidth Memory (HBM) will remain “tight” until next year, adding that “this year, the proportion of HBM in the total DRAM sales volume will rise to a double digit percentage, which will help profita
An analysis by the World Wildlife Fund (WWF) suggests that the average person ingests as many as 5 grams of microplastics weekly – that’s the equivalent of eating a whole credit card. While the exact effects of plastics on human health are still relatively unknown, the World Health Organization (WHO
Artificial Intelligence (AI), deep partner collaboration, and building a strong ecosystem foundation were championed as next-level growth engines to new opportunities in industry digitisation at the recent Huawei Cloud APAC Partner Connection Summit 2024.Huawei Cloud Asia Pacific hosted approximatel
Despite a sluggish construction industry, corporate sentiment in the economy has rebounded slightly for the first time in three months, attributed to the recovery in semiconductor exports.According to the survey results of the Business Survey Index (BSI) and Economic Sentiment Index (ESI) for March
There is a prospect that a new era will open in three years where the entire population of 50 million people across the nation can receive anything with a day of ordering it with free shipping.On March 27, Coupang announced its intention to expand its Rocket Delivery service to encompass the majorit
LG Group has decided to invest approximately 100 trillion won domestically over the next five years. This figure represents a slight decrease from previous investments, with half of it allocated for artificial intelligence (AI), biotechnology, and batteries.On March 27, LG Corporation, the holding c