Taihan Cable & Solution has successfully developed the world's most advanced HVDC cable.Taihan (CEO Song Jong-min) announced on August 2 that it has completed the development of a 525kV VSC (Voltage Source Converter) HVDC (High Voltage Direct Current) land cable system and obtained international
HD Hyundai, which has an unrivaled presence in the world marine engine market, has further strengthened its position with the acquisition of STX Heavy Industries. This acquisition has enabled HD Hyundai to solidify its competitive advantage over Hanwha Ocean in the global marine engine market, exper
Despite Samsung’s withdrawal from the Russian market after the Russian-Ukrainian war began, preorders for the Galaxy Z5 series have begun in Russia. Although the new Samsung foldable phone is drawing attention in Russia, the Russian government is expected to impose sanctions on Samsung Electronics s
The demand for high-performance memory semiconductors essential for AI chips is experiencing explosive growth due to the escalating demand for AI chips among global tech companies involved in the cloud server business. Consequently, there are high expectations for the upcoming business prospects of
South Korean battery enterprises are ramping up their efforts to expand into the rapidly growing energy storage system (ESS) battery market, which is experiencing a growth trajectory on par with the electric vehicle sector. Notably, LG Energy Solution, which was once a front-runner in the ESS market
As Samsung and LG are intensifying their strategies to capture the global market for Organic Light-Emitting Diode (OLED) TVs, Japanese companies such as Sony and Sharp are tightening their pursuit. This mirrors previous competition between the two countries in the Liquid Crystal Display (LCD) market
Despite a global recession, the market for automotive organic light-emitting diodes (OLEDs) is demonstrating considerable growth, intensifying the rivalry between Samsung Display and LG Display.LG Display has previously dominated the market, but Samsung Display is swiftly catching up, securing a ser
On its 10th anniversary on Aug. 1, NHN unveiled its new brand slogan, “Weaving New Play,” and also presented a growth strategy to achieve its group vision of “a global top-tier tech company.”Weaving New Play encapsulates the meaning of “creating a new tomorrow through our connections.” The services
Kakao Entertainment announced on Aug. 1 that it has integrated the roles of Kakao Entertainment America and SM Entertainment USA to launch a new corporation.The new corporation will oversee the overseas advancement and development of new intellectual property (IP) for artists from both companies. It
The Korea Atomic Energy Research Institute (KAERI) has developed a technology that can mass produce radiopharmaceuticals.KAERI’s Proton Science Research Center announced on July 31 that it has developed an analytical method that can isolate copper-67, a radioactive substance used for treatment, in h
China’s decision to impose export controls on gallium and germanium beginning on Aug. 1 in response to U.S. export restrictions has Korean semiconductor, display, and battery industries on edge.According to industry sources on July 31, the Korean semiconductor, display, and secondary battery industr
India has blocked Chinese automakers from investing in India. This is expected to give Hyundai Motor Group of Korea reflective benefits as the Korean automaker is expanding its investments in India.According to foreign media outlets including the Economic Times of India, Chinese electric vehicle mak
LG Energy Solution, Samsung SDI, and SK On, the three major battery manufacturers in South Korea, have achieved remarkable performance in the second quarter of this year, marking a historic milestone in quarterly revenue driven by a surge in electric vehicle sales.According to the Financial Supervis
India, a formidable force in the Information Technology (IT) sector and the world’s most populous country, is making rapid strides to establish itself as a “Global Semiconductor Hub,” attracting the attention of both American and Taiwanese semiconductor companies. Similar to President Joe Biden’s pu
Samsung Chairman Lee Jae-yong ambitiously invested 9 trillion won (approximately US$8 billion at the time) in the company Harman, and after a span of about six years Harman has now firmly established itself as a robust and integral part of Samsung Electronics’ business portfolio.In Samsung Electroni
Hyundai Motor Group and Toyota, the largest automakers in South Korea and Japan, respectively, showed contrasting performance during the first half of the year from January to June in key automotive markets. While Toyota managed to maintain its position as the global leader in sales, it experienced
As Japan has set a national goal of “Semiconductor Leadership Recovery,” it is pouring a significant investment into semiconductor company Rapidus. However, Rapidus has recently run into an “emergency to secure profitability.” The company set a goal to mass-produce advanced 2-nanometer semiconductor
Since December last year, the global frenzy over the generative AI known as ChatGPT has rapidly increased the demand for high-performance DRAM, also called High Bandwidth Memory (HBM), capable of processing large-scale data.According to sources in the semiconductor industry on July 31, domestic memo
SK nexilis, an SKC subsidiary investing in copper foil for secondary batteries, announced on July 31 that they have signed a business agreement on July 28 to explore the establishment of a joint venture with Toyota Tsusho, a trading affiliate of the Toyota Group, to produce and supply copper foil in
CJ CheilJedang announced on July 31 that it has sold its entire stake in the Chinese food subsidiary Jixiangju. This is a strategic move to accelerate the growth of K-food and strengthen financial soundness through “selection and focus.”The sale price is approximately 300 billion won, and the buyers