The U.S. government has decided to indefinitely postpone export controls on equipment for Samsung Electronics and SK hynix’s semiconductor plants in China. While there’s some relief in the semiconductor industry, uncertainties over their China plants haven’t entirely vanished, making the incentive f
The Financial Supervisory Service (FSS) has decided to significantly strengthen its inspection system in the capital market, including the asset management industry, as illegal activities persist. Furthermore, ailing and illegal companies found in violation of regulations will face immediate cancell
Iranian funds, frozen in South Korea and later released, have once again become a topic of controversy. This is because the possibility was raised that the US$6 billion of Iranian funds, which had been held up in South Korea, were suspected to have been transferred to the Palestinian militant group
Mubadala Investment, the largest sovereign fund in the Middle East, has announced its investment in Osstem Implant, South Korea’s leading dental implant material manufacturer, in collaboration with MBK Partners and Unison Capital.Established in 2002 by Abu Dhabi, Mubadala is a state-owned investment
AI fabless semiconductor startup rebellions is stepping into a joint semiconductor development partnership with Samsung Electronics.rebellions announced on Oct. 5 that they have agreed to co-develop a next-generation semiconductor named Rebel, specialized for super large language models (LLM) like G
The Incheon Free Economic Zone and the World Health City Forum Organizing Committee are ramping up preparations for the 1st World Health City Forum (WHCF), which will be held at Songdo ConvensiA in Incheon from Nov. 20 to 22.On Oct. 4, a press briefing was held at the Oakwood Premier Incheon in Song
SK ecoplant, an environmental and energy firm, along with its subsidiary TES, will collaborate with Ascend Elements, an innovative U.S. waste battery recycling company, to establish a waste battery recycling joint venture (JV) in the U.S. and commence the construction of a pre-treatment facility.On
South Korea’s battery industry is on high alert due to the potential designation of companies as “Foreign Entities of Concern” (FEOC) by the United States. If Chinese companies that supply raw materials and substances to Korean firms get listed as FEOCs, it could hinder these firms from receiving th
SK telecom is joining forces with global urban air mobility (UAM) aircraft manufacturer Joby Aviation to commercialize UAM in South Korea.On Sept. 20, at the SK T-Tower, SK telecom revealed that it has signed a cooperation agreement with Joby for the Korean Urban Air Mobility Pilot Project (K-UAM Gr
SK ecoplant continues to make significant strides in the global energy market as it has joined Korea's first utility-scale offshore wind power project.On September 24, SK ecoplant announced its successful bid for the “offshore wind power transportation and installation project (Foundations T&I Packa
Lotte Group’s Chairman Shin Dong-bin is focusing on the international market with the grand opening of the “Lotte Mall West Lake Hanoi” in Hanoi, Vietnam, set for Sept. 22 (local time). Covering an area of approximately 354,000 square meters, the shopping mall is equivalent to the size of 50 soccer
Huawei Connect 2023 kicked off in Shanghai today, bringing together business leaders, tech experts, partners, developers, and industry stakeholders from around the world to explore new opportunities for an intelligent future.At the event, Sabrina Meng, Huawei's Deputy Chairwoman, Rotating Chairwoman
Financial authorities have declared war on unfair trading forces, including stock manipulation. They will swiftly freeze accounts suspected of unfair trading, apply a zero-tolerance policy, and increase the reward for reporting to 3 billion won (US$2.24 million), up from 2 billion won (US$1.49 milli
Hanwha Ocean announced on Sept. 21 that they recently signed a Joint Industry Project (JIP) agreement with Greece’s Ecolog, the American ship classification entity ABS, and Scotland’s Babcock LGE to develop a 40,000㎥ class large liquefied carbon dioxide (LCO2) carrier vessel. Through this agreement,
SK pharmteco continues its trajectory to become the leading multi-modality CDMO by announcing it is acquiring a controlling interest in Philadelphia-based cell and gene therapy CDMO Center for Breakthrough Medicines (CBM), a move that will expand SK pharmteco’s technical expertise, production capaci
Cleveland Avenue, a prominent Chicago-based venture capital firm specializing in investments within lifestyle consumer brands and pioneering technology companies that positively disrupt large and growing markets, hosted CA Tech X Asia in collaboration with Shinsegae at The Devil's Door in Seoul toda
KEPCO KPS, led by CEO Kim Hong-yeon, has secured a power plant maintenance contract in South Africa valued at approximately 850 billion won.KEPCO KPS signed an agreement to maintain 16 thermal and nuclear power stations owned by South Africa's electricity company, ESKOM, at a sum of 848 billion won.
Hyundai Engineering & Construction (Hyundai E&C) is taking steps to establish a collaboration network with local institutions and companies in Poland, aiming to lay the groundwork for its foray into Eastern Europe’s nuclear, renewable energy, and infrastructure sectors.Hyundai E&C announced that the
On Sept. 12, K-water revealed that its CEO Yoon Seok-dae held in-depth discussions with Ukraine’s Ambassador to Korea, Dmytro Ponomarenko, on cooperation strategies for Ukraine’s reconstruction.This comes after President Yoon Suk-yeol announced at the G20 summit on the 10th that Korea would support
On Sept. 13 (Korean time), LG Chem announced the inauguration of its European Customer Solution Center (CS Center) in Frankfurt, Germany. The opening ceremony was graced by the presence of LG Chem’s Petrochemical Division Chief Noh Guk-rae, the Deputy Mayor of Frankfurt, and other key executives and