SK bioscience, an innovative vaccine and biotech company committed to promoting human health from prevention to cure, announced that the company’s board of directors has decided to invest in the expansion of L HOUSE, a vaccine manufacturing plant of SK bioscience located in Andong, South Korea to ap
NESTYLE, Inc., a creative platform company, introduces AI-Zac Novel, a new form of web novel creation and subscription platform. It can be said to be a Korean-style Radish that has been developed further with AI technology than the global Radish, which has been very popular as a creative platform in
Autonomous a2z, a member of the Venture Enterprise Association and an autonomous driving startup, disclosed on Nov. 27 that it has signed a memorandum of understanding with Horiba Mira from the U.K., focusing on future mobility.In October, Autonomous a2z successfully completed a Series B funding rou
LS Cable & System Asia has announced its rebranding to LS Eco Energy on Nov. 27, signaling its expansion into new business areas. This move reflects the company’s ambition to transition from its traditional focus on power and telecommunication cables to a broader scope, including submarine cables an
On Nov. 27, Incheon Free Economic Zone Authority (IFEZ) announced that a delegation of 11 researchers, including Professor Han Nam-sik, AI Center Director at the Milner Research Institute affiliated with the University of Cambridge, and Senior Researcher Georgia Sakkoziorga visited IFEZ. They toured
On Nov. 26, Chairman Jung Ki-hwan of the Korea Racing Authority visited Taylor Made Farm in Kentucky, the U.S., to sign a business agreement for mutual development in the thoroughbred horse breeding industry.Taylor Made Farm, located in Kentucky, the Mecca of the American horse industry, specializes
Hanwha Ocean has disclosed on Nov. 27 that it has secured an order for a very large liquefied petroleum gas (LPG) and ammonia carrier from a shipowner in Oceania. The ship, to be constructed at Hanwha Ocean’s Geoje shipyard, is scheduled for delivery in the second half of 2026.The contracted vessel,
Lotte Property & Development Co. (Lotte P&D) has announced that Lotte World Tower is displaying the message “BUSAN IS NO.1” on its exterior media facade in support of the last-minute bid for the 2030 Busan World Expo. Since Sept. 18, the tower has been broadcasting phrases like “BUSAN IS READY” and
Samsung Electronics has confirmed on Nov. 27 that they have completed the trademark registration for the terms “AI Smartphone” and “AI Phone” in connection with the launch of an artificial intelligence (AI) equipped smartphone next year. This registration was finalized on Nov. 24 with the European U
The Korean nuclear power industry has growing anticipation for exporting nuclear power plants to Europe.Korea and the United Kingdom signed nine memoranda of understanding (MOUs) on nuclear power cooperation on the occasion of Korean President Yoon Suk-yeol’s state visit to the United Kingdom on Nov
In 2024, 165,000 foreign workers will enter Korea on non-professional work visas (E-9). This will be the highest number ever. The industries they can work in will also be expanded to include restaurants, mining and forestry.The Ministry of Employment and Labor announced the decision in a meeting of
Coway Co., Ltd., the “Best Life Solution Company,” announced today that its Seoul-based R&D Center, the Coway Environmental Technology Research Institute, has been recognized as an international testing laboratory by the Korea Laboratory Accreditation Scheme (KOLAS) for the 22nd consecutive year.The
The proportion of young adults aged 19 to 34 living alone surpassed 20 percent as pf 2020, more than three times the rate 20 years ago. The unmarried rate among young adults, which stood at 54.5 percent in 2000, has skyrocketed to 81.5 percent in just two decades. Consequently, it is anticipated tha
The number of venture companies with annual revenue exceeding 100 billion won (US$76.8 million) last year reached the record high of 869, the highest figure in history. The growth rate also set a new record, achieving an unprecedented 17.6 percent increase, or 130 companies, compared to the previous
L&F has decided to make a significant new investment of 2.55 trillion won (US$1.96 billion) in Daegu in response to surging global demand. This move comes as Chinese battery materials face constraints in the global market following the implementation of the Inflation Reduction Act (IRA) in the Unite
After 50 years of growth, POSCO is preparing for the next 50 years with its hydrogen reduction steel technology. The Korean steelmaker plans to finalize the commercialization of its HyREX technology by 2030 and convert its Pohang and Gwangyang steel plants to those based totally on the new steelmaki
China has overtaken Germany as the top exporter of electric vehicles (EVs) to Korea.Korea’s imports of Chinese EVs totaled US$172 million in October, according to the Korea International Trade Association (KITA). That’s more than double the amount of Korea’s German EV imports (US$70 million). This i
Jusung Engineering, a semiconductor, display, and solar equipment company, has carved a mythical path in the barren land of domestic ventures. This year marks its 30th anniversary. Established in 1993, the company has experienced various challenges but has achieved remarkable growth through continuo
An analysis has emerged suggesting that the Morgan Stanley Capital International (MSCI) Korea Index is poised to experience a 20 percent increase in the coming year.On Nov. 26, Bloomberg Intelligence (BI), a research institution under Bloomberg, projected a 58 percent increase in the total earnings
As the Hong Kong Hang Seng China Index (HSCEI) has experienced a sharp decline, it has led to substantial capital losses of over 40 percent in Equity Linked Securities (ELS) products based on this index. In response to the significant risks in the trillions of won facing HSCEI-linked ELS, the Financ