SK hynix, which indirectly holds a stake of approximately 34% in the Japanese NAND flash manufacturer Kioxia Corporation, has reportedly opposed the management integration of Kioxia and U.S.-based Western Digital (WD).Japan’s Nikkei newspaper reported on Oct. 18 that “SK hynix of South Korea, which
Samsung Electronics and LG Electronics are set to reduce their LCD TV panel procurement ratio from Chinese companies starting next year. This move is interpreted as a strategy to stabilize supply chain management by decreasing reliance on the unstable Chinese panel market and to counteract Chinese e
Korea’s information and communications technology (ICT) exports fell 13.4 percent year on year in September. The decline rate hit the lowest of the year thanks to semiconductor exports, which posted this year’s best performance in September.According to September ICT import and export data from the
The Institute for Economics and Peace (IEP) announced that Iceland was selected as the safest and most peaceful country in the world with a score of 1.124 in the Global Peace Index (GPI), according to the New York Post on Oct. 1.The GPI quantifies peace by aggregating 23 items including social, poli
Korea’s artificial intelligence (AI) industry stands sixth globally. Samsung Group held more AI patents than major companies in the United States and China, ranking high among the world’s top companies in the patent sector. But a lack of talented people and sluggish investment were pointed out as ar
Lotte Chemical has sold off all of its plants producing general-purpose petrochemicals in China. General-purpose petrochemicals have become a marginal business for the company with deteriorated profitability due to aggressive expansion by Chinese companies.According to industry sources on Oct. 9, Lo
It has been revealed through an investigation that the Korea Coast Guard’s utilization rate of Russian-made helicopters has fallen short of 50 percent this year. The primary reason attributed to the decline is the disruption in parts supply, which has been exacerbated by the ongoing conflict between
The U.S. Department of Commerce has imposed countervailing duties on Hyundai Steel and Dongkuk Steel, alleging that Korea’s cheap electricity rates are effectively subsidizing the Korean steel industry. This is the first time the U.S. government has slapped tariffs due to cheap electric power in a f
A new technology for robot wheelchairs, which helps persons with lower-limb disabilities go up and down the stairs and move while staying standing, has been developed for the first time in the world.The Korea Institute of Machinery and Materials (President Sang-jin Park, hereinafter referred to as K
Samsung Electronics, which has begun substantial cutbacks in its NAND flash division in the latter half of this year, is reportedly planning a double-digit price increase as early as this month. All eyes are on how the pricing move by Samsung, a dominant player in the market, will affect other compe
Tensions and conflicts are intensifying in the “semiconductor war” between the U.S. and China. As the first anniversary approaches of the U.S. government’s decision to restrict exports of semiconductor chips and equipment to China on Oct. 7 of last year, an update on policies regarding “Artificial I
In September, South Korea achieved its highest semiconductor exports in the past year, while exports to China also reached their peak for the year. Analysts suggest that semiconductor exports have gradually found their footing and are on an upward trajectory, and exports to China have entered a sign
The National Pension Fund’s assets have surpassed 1 quadrillion won, marking the era of accumulated funds exceeding this milestone for the first time in 35 years since its establishment in 1988.According to financial investment industry sources on Oct. 3, the National Pension Fund’s assets reached a
On Sept. 27, Samsung Engineering announced that it has received a notice of award (NoA) for a front end engineering design (FEED) project for a petrochemical plant from Alujain Corporation of Saudi Arabia. The order is worth about US$19.5 million or 26 billion won. The Korean contractor will complet
Speculation is mounting that Hyundai Motor may follow the footsteps of Nissan, Renault, and Mazda, which withdrew from Russia under a “1 euro sale contract” that included a repurchase condition (buyback clause). Following the end of the war in Ukraine, the Russian government has suggested a buyback
According to industry sources and foreign media reports on Sept. 25, Apple’s newest smartphone, the iPhone 15 Pro, has become embroiled in controversy due to excessive overheating of its mobile chip, the A17 Pro. This chip marks the debut of TSMC’s large-scale 3-nm production.Recently, a Chinese use
On Sept. 20, President Yoon Suk-yeol proposed the formation of a “Carbon Free Alliance” to the international community during the United Nations General Assembly held in New York. This proposal includes bringing forward Carbon-Free Energy (CFE), which encompasses nuclear power and hydrogen energy, a
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
Germany’s move to ban the use of Chinese fifth-generation (5G) telecommunications components including those from Huawei over security concerns in Germany prompted China to imply that it will retaliate.“If the German government decides to move toward excluding Huawei without proving that China poses
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