Mirae Asset Management announced that Global X Japan, a joint venture formed by Mirae Asset Global Investments Co. and Japan’s Daiwa Securities Group, will newly list four innovative growth-themed ETFs on the Tokyo Exchange on June 23.The new ETFs focus on globally competitive Japanese industrial co
Hyundai Motor Group (HMG) announced on June 21 that it has completed the acquisition of a controlling interest in Boston Dynamics from SoftBank Group, following the receipt of regulatory approvals and other customary closing conditions. The deal valued the mobile robot firm at $1.1 billion. Addition
Mando Corp. has announced its vision to expand the size of its auto parts business to 9.4 trillion won by 2025. For this, it has decided to reorganize its auto parts business into two areas -- electric vehicle (EV) solutions (chassis electrification) and advanced driver-assistance systems (ADAS).The
POSCO International announced on June 9 that it has signed a business agreement with Biot Korea, a startup specializing in medical robots, to move into overseas medical robot markets.The two companies will jointly participate in the 2021 BIO KOREA Exhibition, which runs from June 9-11.They will also
ZKW, an Austrian vehicle headlamp company acquired by LG Electronics in 2018, filed applications for 50 patents for innovative technologies in Europe in 2020, ranking fourth among Austrian companies. It also applied for seven patents in China. Most of the patents were related to autonomous driving a
The author is an analyst of NH Investment & Securities. He can be reached at kyeongkeun.kang@nhqv.com. -- Ed. We expect Haisung TPC to enjoy stable growth moving ahead in the elevator reducer segment, backed by a favorable market environment and high M/S. In addition, the firm is securing mid/long-t
LG Electronics has finally decided to terminate the loss-making mobile phone production and sale business. The decision was made two months after it announced in January that it would review all possibilities, including the sale of the business.LG Electronics held a board meeting on April 5 and deci
SK Telecom will connect 5G mobile edge computing (MEC) services around the world by partnering with the Bridge Alliance, the largest alliance of telecom companies in Asia, the Middle East, and Africa. The alliance has 34 telecommunication companies as its members. They include SK Telecom (Korea), Si
The Good Neighbors Global Impact Foundation has signed an MOU with Bigwave Robotics Inc. and Korea Association of Robot Industry (KAR) to jointly develop social economy projects utilizing Korean robot technology.The purpose of this agreement is to implement Korean robot solutions to industrial sites
POSCO International said it is ready to start volume production of separator plates for hydrogen fuel cells.POSCO International announced on March 8 that its subsidiary POSCO SPS has established a mass production line for separator plates, which are part of a fuel cell stack and act as an anode for
Doosan Robotics will enter the medical robot market. It signed an agreement on industry-academic cooperation in medical robot R&D with the Yonsei University Medical Center on Feb. 24.A leader in the Korean collaboration robot market, Doosan Robotics has won recognition from international institution
The South Korean government announced a series of green car-related plans on Feb. 23. According to the plans, the government will complete the testing of self-driving robot-based automatic charging of parked electric vehicles by 2023 and prepare related subsidies in 2024. A total of 7.5 billion won
Hyundai Heavy Industries Holdings (HHIH) has attracted a total of 800 billion won worth of investment through a pre-IPO of its affiliate Hyundai Global Service.HHIH said on Feb. 23 that it has signed a contract with KKR, the largest private equity fund in the United States, to sell a 38 percent stak
Samsung C&T's Construction Business Division will introduce next-generation smart home technology based on artificial intelligence (AI). The company plans to commercialize this technology this year at the earliest.The company unveiled the Raemian Artificial Intelligence (RAI) Life Hall, an upgra
Coupang announced a plan to list itself on the New York Stock Exchange on Feb. 12. The Wall Street Journal (WSJ) estimated the corporate value of Coupang at US$50 billion (about 55 trillion won).Kim Bum-seok, founder and chairman of the board of directors of Coupang, reportedly agonized over a docum
Doosan Mobility Innovation (DMI) will expand its business areas to the field of ground mobility following hydrogen drones.DMI announced on Feb. 9 that it will join hands with China's Zhongshin Heavy Industries Kaicheng Intelligence to jointly develop hydrogen robots that carry out activities suc
Hyundai Motor Group has launched the “DAL-e,” a highly advanced customer service robot that independently communicates with people using precise recognition capabilities and mobility functions.The DAL-e is an acronym for “Drive you, Assist you, Link with you-experience.” Designed to pioneer the futu
LG Electronics will drastically reduce its smartphone business. The company is reportedly considering selling off or suspending the chronically loss-making business. Analysts say that it has begun a full restructuring of its smartphone business, which has incurred a cumulative deficit of five trilli
At this year’s 2021 All Digital CES Show, top U.S automotive news source Autoweek has showcased their “10 Cool Things from the Virtual CES—From flying cars to flexible dashboards, there was something for everybody.” Coming in #5 on the list is Hancom’s Toki H2 AI Home Robot.As one of several trends,
The total net worth of Global X tasked with managing Mirae Asset Asset Management's U.S. exchange traded fund (ETF) topped 20 trillion won (US$20.86 billion dollars) as of the end of 2020. Compared to the net assets of Global X when Mirae Asset took it over in 2018, its net assets more than doub