Volunteer employees from CBRE Korea, a global commercial real estate services company, provided meals on November 27 and 28 at the Seoul Senior Welfare Center in Jongno-gu as part of its CBRE Cares social contribution campaign. The initiative, undertaken by CBRE offices worldwide, aims to support lo
The government is driving the development of next-generation batteries with significantly improved energy density and safety.On Nov. 29, the Ministry of Trade, Industry, and Energy (MOTIE) announced that the “High-performance Next-Generation Secondary Battery Technology Development Project for Eco-f
POSCO Group has commenced operations of South Korea’s first lithium plant. The group is accelerating the establishment of a supply chain and the domestic production of core materials for its secondary battery business, a key driver of its new growth.On Nov. 29, POSCO Group announced the completion o
Hyundai Elevator announced on Nov. 28 (local time) that it has signed a memorandum of understanding (MOU) for comprehensive cooperation in the Ukraine reconstruction project with ERBUD, the third-largest construction company in Poland, in Warsaw.The signing ceremony was attended by Cho Cheol-ho, in
SK bioscience, an innovative vaccine and biotech company committed to promoting human health from prevention to cure, announced that the updated COVID-19 vaccine (NVX-CoV2601) developed by Novavax, a global company advancing protein-based vaccines with its Matrix-M™ adjuvant, has received an emergen
NPCore, an AI-based cybersecurity solution specialist (hereafter referred to as NPCore), with CEO Han Seung Chul, announced today that it has successfully completed raising 8 billion won in investment through a Pre-IPO. Last month, NPCore received a TI-1 grade from NICE evaluation information's inve
Hyundai Motor Company and Kia Corp. have developed the world’s first next-generation drive system that dramatically boosts vehicle design flexibility by placing electric vehicle drive components inside wheels. This new system can realize the utilization of the space between wheels, which was previou
Lotte Chemical has pioneered the domestic development of manufacturing technology for separator coating materials to address the instability of lithium metal anodes.Lotte Chemical announced on Nov. 28 that it has completed the development and domestic patent application for manufacturing technology
SK bioscience, an innovative vaccine and biotech company committed to promoting human health from prevention to cure, announced that the company’s board of directors has decided to invest in the expansion of L HOUSE, a vaccine manufacturing plant of SK bioscience located in Andong, South Korea to ap
NESTYLE, Inc., a creative platform company, introduces AI-Zac Novel, a new form of web novel creation and subscription platform. It can be said to be a Korean-style Radish that has been developed further with AI technology than the global Radish, which has been very popular as a creative platform in
The Korean nuclear power industry has growing anticipation for exporting nuclear power plants to Europe.Korea and the United Kingdom signed nine memoranda of understanding (MOUs) on nuclear power cooperation on the occasion of Korean President Yoon Suk-yeol’s state visit to the United Kingdom on Nov
After 50 years of growth, POSCO is preparing for the next 50 years with its hydrogen reduction steel technology. The Korean steelmaker plans to finalize the commercialization of its HyREX technology by 2030 and convert its Pohang and Gwangyang steel plants to those based totally on the new steelmaki
China has overtaken Germany as the top exporter of electric vehicles (EVs) to Korea.Korea’s imports of Chinese EVs totaled US$172 million in October, according to the Korea International Trade Association (KITA). That’s more than double the amount of Korea’s German EV imports (US$70 million). This i
Jusung Engineering, a semiconductor, display, and solar equipment company, has carved a mythical path in the barren land of domestic ventures. This year marks its 30th anniversary. Established in 1993, the company has experienced various challenges but has achieved remarkable growth through continuo
SK hynix is getting ready to debut “2.5D Fan-out” packaging as its next-generation memory semiconductor technology. Gaining confidence in the field of next-generation chip technology due to its successful performance in High Bandwidth Memory (HBM) this year, SK hynix seems to be accelerating its eff
The government has decided to extend financial market stabilization measures, currently operating at a scale of 37.4 trillion won (US$28.77 billion), until the end of next year. Additionally, flexibility measures in financial regulations, such as the banks’ liquidity coverage ratio (LCR) and the res
It has been revealed that the overseas subsidiaries of the top four domestic commercial banks achieved high performances in the third quarter of this year compared to the previous year.With the lifting of the COVID-19 lockdown in China, KEB Hana Bank and KB Kookmin Bank saw notably significant incre
Hyosung Group presented a blueprint for its hydrogen business at the Green Business Week 2023 (GBW 2023) held at the COEX convention center in the Gangnam district of Seoul on Nov. 22, covering everything from hydrogen production to storage, transportation, and supply.At the exhibition, Hyosung intr
Hyundai Motor Group and U.S.-based company Aptiv’s autonomous driving joint venture, Motional, are starting production of the IONIQ 5 Robotaxi in Singapore.According to Motional on Nov. 22, production has begun at the Hyundai Motor Group Singapore Global Innovation Center (HMGICS) for the IONIQ 5 Ro