SK Innovation has filed a suit against LG Chem with the Seoul Central District Court to have the latter withdraw a patent lawsuit and compensate for damages, the company said on Oct. 22.According to SK Innovation, LG Chem has recently filed a patent lawsuit with the U.S. International Trade Commissi

Korea Electric Power Corp. (KEPCO) has developed a flat panel solar cell with the highest efficiency in the world.KEPCO announced on Oct. 21 that it has succeeded in producing a perovskite solar cell with photoelectric conversion efficiency of 20.4 percent, which eclipses the previous world record o

Ssangyong Engineering & Construction (Ssangyong E&C) has expanded the use of quick response (QR) codes from material management to overall process management.Ssangyong E&C announced on Oct. 21 that it has applied the "Digital Construction Management Platform" to the construction site of Dubai Royal

Former U.S. National Security Adviser John Bolton will visit South Korea to meet with institutional investors. He is currently an advisory member of Rhone Group, an American private equity fund.Rhone Group is scheduled to have meetings with institutional investors such as the Public Officials Benefi

Aekyung Group and Stonebridge Capital have formed a consortium to take over Asiana Airlines by being selected as the preferred bidder in the tender scheduled for Nov. 7.They announced on Oct. 21 that they would participate in the tender as a strategic investor and a financial investor, respectively.

U.S. restrictions on Huawei are affecting Samsung Electronics and SK Hynix in different ways although both are struggling with semiconductor prices falling.SK Hynix’s Q3 earnings announcement is scheduled for Oct. 24 and the company’s Q3 operating profit is estimated at 429.7 billion won. The estima

POSCO E&C announced on Oct. 20 that it has successfully completed the construction of the largest combined cycle power plant and LNG terminal in Panama.An opening ceremony was held at the plant on Oct. 18 (local time) with the attendance of Panamanian President Laurentino Cortizo, U.S. Deputy Secret

The Chinese government’s subsidy reduction and the global economic recession halted the growth of the global electrical vehicle (EV) battery market in the second half this year. Yet LG Chem, Samsung SDI and SK Innovation managed to expand their market shares in August.SNE Research, an energy market

Hyundai Motor Co.’s German market share hit an all-time high last month with its small cars such as the Kona SUV gaining more and more popularity and its technological strength reappraised.The Federal Motor Transport Authority of Germany and the European Automobile Manufacturers Association announce

Passengers were inconvenienced when a fire broke out on an Asiana Airlines A380 plane departing from Incheon International Airport for Los Angeles on Oct. 18. The fire delayed takeoff for more than two hours.The Asiana plane was scheduled to depart for Los Angeles at 2:40 p.m.An engine defect was fo

Doosan Mobility Innovation has launched a hydrogen fuel cell pack that can keep drones airborne for two hours.The company announced on Oct. 17 that it held a ceremony to launch the hydrogen fuel cell pack DP30 for drones at DLI Yonkangwon in Gangdong-gu, Seoul.In addition, the company introduced DMI

Hyosung Corp. will showcase its world-class polypropylene (PP) technology at K-Fair 2019, the world's No.1 trade fair for plastics and rubber which is held in Dusseldorf, Germany until Oct. 23 (local time).The trade fair started in 1952 and is held every three years. Hyosung participates in the

Korea Industrial Complex Corp. (KICOX) held a seminar on artificial intelligence (AI) and digitalization strategy in collaboration with the North Rhine-Westphalia (NRW) Economic Development Agency of Germany at the President Hotel in Seoul on Oct. 16.The seminar focused on AI and digitalization of i

Korea National Oil Corp. (KNOC) announced on Oct. 17 that its U.K. subsidiary Dana found a reservoir with a large amount of gas in the Tolmount Block of the North Sea of the United Kingdom on Oct. 16.KNOC estimates that the 73-meter-tall reservoir contains about 230 million cubic feet of gas equival

SsangYong Motor Co., a subsidiary of India's Mahindra Group, announced on Oct. 18 that the company sold 31,126 units, posted revenue of 836.4 billion won, an operating loss of 105.2 billion won, and a net loss of 107.9 billion won in the third quarter of this year.The company’s third-quarter sal

Samsung Electronics' brand value has surpassed US$60 billion for the first time, making the Korean tech giant one of the most highly valued brands in the world.Samsung Electronics announced on Oct. 17 that its brand value was estimated US$61.1 billion by Interbrand, ranking 6th in the Global Top

Asiana Airlines has lost a lawsuit it filed with the Korean court in 2014 with regard to the Korean government’s suspension of its service on the Seoul-San Francisco route following an Asiana passenger plane’s crash into a breakwater at San Francisco International Airport in 2013.The Supreme Court a

Last year, China became the world's largest market for electric vehicles (EVs). Among EV brands, Toyota ranked first, followed by Hyundai-Kia Automotive Group.In 2018, worldwide sales of EVs, including hybrid electric vehicles (HEVs), battery electric vehicles (BEVs), plug-in hybrid electric veh

Korea Electric Power Corp. (KEPCO) has entered the Middle East wind power market by completing an 89.1 MW wind power plant in Hussania, Jordan.KEPCO secured a 100 percent stake in Fujeij Wind Power Plant and carried out the entire process of the project from construction of the plant to its operatio

Chinese state media outlets are lavishing praises on Samsung Electronics. They appear to be worrying that the closure of the last Samsung’s smartphone manufacturing plant in Huizhou last month may be regarded as the Korean tech giant’s withdrawal from China.Global Times, a Chinese state-run newspape