South Korean cathode material suppliers’ global market share is rising fast, but their reliance on raw materials imported from China is still very high. For example, their lithium hydroxide imports from China amounted to US$2.5 billion for the first 10 months of this year, up more than 600 percent y
Huawei has signed a global commitment to join the International Telecommunication Union's Partner2Connect digital alliance, which will bring connectivity to about 120 million people in remote areas in more than 80 countries by 2025.Liang Hua, chairman of Huawei, announced the decision at the com
The author is an analyst of NH Investment & Securities. He can be reached at minjae.lee@nhqv.com. -- Ed. The global nuclear power market is rapidly expanding alongside an emphasis on carbon neutrality and energy security goals. Doosan Energy boasts a successful track record in supplying core equipme
UNESCO Assistant Director-General for Education Stefania Giannini has said digital technologies, geared toward inclusion and equity, could transform the future of school systems and learning.“Harnessing technology and changing education models is imperative,” Giannini said as she addressed a side ev
Information and communications technologies, or ICT, will enable the digitalization of industry, spark innovation and make other industries green, a Huawei executive said at an international climate change conference in Egypt on Nov. 10 (local time).The remarks were made by Philippe Wang, Huawei’s e
Daewoo Engineering and Construction (Daewoo E&C) has been chosen for a quick fix of Kaduna Oil Refinery in Nigeria. Jungheung Group vice chairman Jung Won-joo and Daewoo E&C CEO Baek Jung-wan met with Nigerian President Muhammadu Buhari at Lotte Hotel Seoul on Oct. 27 and signed a letter of intent (
Korean electric vehicle (EV) battery makers are stepping up their efforts to reduce their reliance on raw materials from China. LG Energy Solution announced on Oct. 20 (local time) that it has signed an MOU with Syrah Resources Limited in Australia on the supply of natural graphite.The Australian co
The Korea Institute for Industrial Economics and Trade said in its report on Oct. 3 that exports from the South Korean defense industry hit an all-time high of US$7.25 billion last year and are expected to exceed US$20 billion this year.Korea's annual arms exports topped US$1 billion for the fir
Korea Trade Insurance Corp. (K-SURE) signed a co-fianancing agreement with the Export-Import Bank (EXIM Bank) of the United States in New York on Sept. 22 to cooperate to create a one-stop shop facility that will provide joint support for U.S. and Korean export projects in new and strategic industri
Yeonsu-gu, Incheon City announced on Sept. 14 that the 10th Yeonsu Neungheodae Culture Festival would take place offline on Sept. 30 and Oct. 1. In 2019 to 2021, the event could not take place due to African swine flu and COVID-19. The event venues are the Songdo Moonlight and Neungheodae Parks.This
Hyosung Heavy Industries announced on Sept. 15 that it has signed a contract for an extra-high voltage transformer installation project worth 20 billion won with Namibia’s state-run power authority (NamPower) at the headquarters of Hyosung Group in Mapo, Seoul.The company will install 10 ultra-high
Hyosung Heavy Industries announced on Sept. 6 that it has signed a contract worth 235.7 billion won to expand and modernize the power grid in Ethiopia’s southern region.The company plans to build five air-insulated substations (AIS) and gas-insulated substations (GIS) ranging from 132kV to 400kV in
Kolmar Korea will develop and supply private brand (PB) cosmetics to the United Arab Emirates Business Point Consultancy (UAE BPC), a government-backed trade and business institution in the UAE.The company announced on Sept. 7 that UAE BPC chairman Abdullah Al Maini, UAE BPC CEO Ahmed Al Ali, and In
WeMade announced on Sept. 6 that it has made a strategic investment in Metaverse Magna (MVM), a play to earn (P2E) guild project in Africa.According to WeMade, MVM's parent company, Nestcoin, invests in and support cryptocurrency projects in Africa.MVM is Africa's first and largest gaming de
Daewoo Shipbuilding & Marine Engineering (DSME) announced on Sept. 6 that it has won an order for seven liquefied natural gas (LNG) carriers worth about 2.04 trillion won from a client in Africa. These ships are expected to be delivered to the client by February 2026.Although DSME did not disclose t
POSCO International announced on Sept. 5 that a ship carrying 61,000 tons of corn left the Ukrainian port of Pivdennyi for Korea on Aug. 16. The ship will arrive at Incheon Port of Korea late September and the corn will be used for feed production.POSCO International had prepared for an early depart
Hyundai Engineering has completed a water purification plant in the Democratic Republic of the Congo.The company held a ceremony to mark the event at the Kimbanseke area of Lemba-Imbu in the African country on Aug. 23.The ceremony was attended by DR Congo President Felix Tshisekedi, Jonas Didier N
The South Korean government launched a nuclear power plant export task force on Aug. 18, announcing that South Korea’s overseas nuclear power development projects would be linked to its key industries including automotive, semiconductor and EV battery so that the projects can be more customized and
Huawei has recently hosted the TECH4ALL Education Global Online Summit. Officials and experts at the summit explored how digital technologies will transform today's education systems into a more inclusive and innovative paradigm, democratize access to education resources, and build-in systemic r
If China attacks Taiwan, the world’s wealth will be reduced by US$2.61 trillion (about 3413 trillion won), the Nihon Keizai (Nikkei) Shimbun reported on Aug. 2. It said that the West will impose sanctions on China like those on Russia, and China, as well as all countries that trade with China, will