In the Chinese display industry, leading companies BOE and TCL CSOT are ramping up their investments in Organic Light Emitting Diode (OLED) panels, a domain traditionally dominated by Korean firms, especially in the sectors of laptops and tablets. The move has raised alarms in the industry.On Dec. 1
The smartphone market is witnessing a surge in demand for NAND flash, as manufacturers’ significant production cuts have reduced inventory buildup, and the impending launch of smartphones equipped with “on-device artificial intelligence (AI)” is anticipated. This trend is expected to boost NAND pric
With the imminent release of devices featuring AI services as core functions, closely integrated into our daily lives through smartphones and PCs, the true era of Artificial Intelligence (AI) popularization is unfolding. Devices that can summarize conversations, suggest optimal responses automatical
As the automotive industry shifts its focus from hardware to software, South Korean companies are accelerating their drive towards Software-defined Vehicles (SDVs). SDVs are cars controlled and managed by software. Domestic car and parts manufacturers are actively developing solutions and preparing
Park Jung-won, chairman of Doosan Group, will attend the world’s largest consumer electronics and IT trade show, CES 2024, to be held in Las Vegas, Nevada, in the U.S., from Jan. 9 to 12.According to Doosan Group on Dec. 17, Chairman Park, along with Vice Chairman Park Ji-won and other executives, w
On Dec. 14, SK telecom unveiled the “A. Interpretation Call” service, which enables real-time interpretation during calls, and is preparing to sequentially update users’ apps.Initially targeting Apple iPhone users, the service supports four languages: Korean, English, Japanese, and Chinese. Plans ar
China’s DRAM semiconductor company, ChangXin Memory Technologies (CXMT), has hinted at the development of the next-generation semiconductor process technology, Gate-All-Around (GAA), attracting attention in the industry.According to industry sources on Dec. 14, CXMT recently announced at the 69th In
Analyses suggest that South Korea’s foundry (semiconductor contract manufacturing) production capacity may decrease somewhat due to the semiconductor competition between China and the United States and the competitive reshaping of supply chains by major global countries.According to the market resea
Doosan Robotics announced on Dec. 14 that it signed a memorandum of understanding (MOU) on Dec. 13 (local time) with Schiphol International Airport in the Netherlands and the Danish company Cobot Lift for the supply of the Schiphol International Airport Collaborative Robot Luggage Handling System.Do
Samsung Electronics and SK hynix are set to gain from synergy with American Applied Materials (AMAT) and Lam Research following the Dutch company ASML establishing a Research and Development (R&D) center in South Korea, based on market share in the semiconductor equipment industry.According to the s
Last year, the debt of the central and local governments, non-profit public institutions, and non-financial public enterprises in the public sector reached nearly 1,600 trillion won (US$1.24 trillion), marking a historic high. The debt of non-financial public enterprises such as Korea Electric Power
The government has set a goal to expand the K-Robot market to a scale of 20 trillion won by 2030 as the future growth engine. A combined investment of over 3 trillion won from both public and private sectors is planned with the objective of deploying one million robots across various industries, inc
With Cho Hyun-sik, the advisor of Hankook & Company and the eldest son of the tire maker’s honorary chairman, preparing to take over the leadership in collaboration with MBK Partners, Cho Yang-rae, the honorary chairman of Hankook & Company, is once again offering support to Chairman Cho Hyun-bum, t
Doosan Enerbility announced on Dec. 14 that a delegation led by Bandar Alkhorayef, the minister of industry and mineral resources of Saudi Arabia, visited its Changwon plant in South Gyeongsang Province.The visit on this day aims to inspect South Korean companies conducting business in the country a
After one year and nine months, SK hynix has reclaimed the second position in the KOSPI market capitalization rankings, surpassing LG Energy Solution. With the semiconductor industry showing signs of recovery while the outlook for the secondary battery sector is unfavorable, it seems that SK hynix w
A luncheon meeting of labor, management and government representatives was held at a Korean restaurant in Gwanghwamun, Seoul, on Dec. 14, according to the Ministry of Labor and Employment and Economic, Social and Labor Affairs Committee, a presidential social dialogue body. This marked the first tim
Information and communication technology (ICT) and automobiles are leading Korean exports. ICT exports emerged from a 17-month recessionary tunnel on the coattail of memory semiconductors. Automobiles are close to surpassing US$70 billion in annual exports for the first time ever.According to the Mi
POSCO Holdings has succeeded in localizing electrodialysis membranes, a key component for lithium extraction, with a small but promising Korean company.On Dec. 14, POSCO Holdings and WSK announced that they signed a business agreement to jointly develop electrodialysis membranes for lithium producti
SeAH Group is rapidly expanding its global offshore wind power business. It is expanding its presence in the European market as an offshore wind substructure supplier.SeAH Wind, an offshore wind substructure manufacturing subsidiary of SeAH Steel Holdings, announced on Dec. 14 that it has been award
Arum Dentistry won the $20 million Export Tower at the 60th Trade Day Awards held at the Daejeon Trade Center on the 13th.Arum Dentistry was established in 2000 and started as a dental CAD/CAM milling machine based on its unique technology, and has since manufactured and sold 3D printers and materia