A nighttime view of the Wolseong Nuclear Power Plant Shin-Wolseong Units 1 and 2Despite a lawsuit filed by U.S. nuclear company Westinghouse against Korea Hydro & Nuclear Power (KHNP) to hinder its standalone nuclear power exports being dismissed by a U.S. court, Westinghouse has indicated its inten
On Sept. 18 (local time), a U.S. court has dismissed a lawsuit filed by U.S. nuclear power company Westinghouse to prevent Korea’s state-run nuclear power generator Korea Hydro & Nuclear Power (KHNP) from exporting its independently developed nuclear reactors.KHNP is a rival of Westinghouse. The Kor
Hanwha Ocean has revealed its intention to secure global defense solutions with an ultra-wide gap through large-scale investment.Hanwha Ocean opened its Siheung R&D Center located in Siheung, Gyeonggi Province, Korea to media outlets on Sept. 18, according to related industry sources. This marked th
According to the Ministry of Trade, Industry, and Energy on Sept. 15, the global electricity consumption in 2021 showed China leading the charts with an overwhelming 7,714 terawatt-hours (TWh). Following China were the United States at 3,869 TWh, India at 1,355 TWh, Russia at 963 TWh, Japan at 916 T
On Sept. 17, CJ Logistics announced its participation in Ukraine’s reconstruction projects as a part of the joint public-private “Ukrainian Reconstruction Cooperation Delegation.”Led by Won Hee-ryong, the minister of land, infrastructure, and transport, the Ukrainian Reconstruction Cooperation Deleg
Lee Jae-Yong, Chairman of Samsung Electronics; Chey Tae-Won, Chairman of SK Group; and the heads of other top 10 Korea-based conglomerates are projected to visit Saudi Arabia next month.According to industry sources on Sept. 14, Won Hee-ryong, minister of land, infrastructure, and transport, is cons
Globally, China is the country with the lowest price of the iPhone 15 base model (128GB). In Turkiye, the most expensive model, the iPhone 15 Pro Max 1 TB costs more than 4.5 million won. In Korea, the iPhone base model (128 GB) has a price tag of 1.25 million won.On Sept. 14, market research firm N
The shareholder return rate of listed companies in South Korea has been revealed to be the lowest among four countries, the others being the United States, Taiwan, and Japan. This low shareholder return rate has resulted in undervalued stock prices prompting the need for activist shareholder-oriente
On Sept. 13, Doosan Bobcat reported that over a thousand of its employees from business locations in 12 countries worldwide took part in community service activities on Sept. 12. The activities were on a relay that started from Korea and passed through Asia, the Middle East, Europe, Africa, and the
The Supreme Court of Korea has justified the Korea Fair Trade Commission (KFTC)’s decision to punish Citibank and JPMorgan Chase for allegedly colluding to bid on a currency swap contract. The ruling means that if a bidder cooperates with another participant during a bidding process to agree on the
Actress Han Sohee, who has gained full support not only in Korea but also abroad for her unique style and renowned filmography with box office records, has become the new face of the global sports brand FILA.FILA has announced Han Sohee as its new global brand ambassador starting from September 12th
As three groups – LX International, a consortium led by Harim, and Dongwon Industries – were selected as potential candidates for HMM’s acquisition and has begun due diligence process for two months, the industry is already witnessing negative speculation.The uncertainty surrounding HMM’s management
South Korea’s semiconductor industry is focusing on improving its financial health in the second half of the year, pivoting around High Bandwidth Memory (HBM) for DRAM and reducing NAND output.On Sept. 12, the semiconductor sector anticipates that DRAM prices will cease their decline and enter a sig
Amid intensifying competition for technological supremacy in high-tech industries such as the semiconductor and battery industries, R&D cooperation with the United States, a leader in original technology, is crucial for factories in Korea to become “mother factories” that serve as the brains of comp
Foreigners switched to selling in the Korean stock and bond markets in August. Foreigners sold more than 1 trillion won worth of Korean stocks in August alone, pushing down their share of listed Korean stocks to the lowest point this year.According to a report about August 2023 foreigner Korean stoc
Doosan Enerbility announced on Sept. 8 that it has signed a memorandum of understanding (MOU) with Indonesia Power (IP) concerning the conversion of power plants to eco-friendly operations for the reduction of exhaust gas emissions in Indonesia.Through this agreement, both companies have decided to
The U.S.-China semiconductor battle has escalated into a “mineral war.” China, possessing core materials for semiconductors and electric vehicle batteries, is playing its mineral export restriction card in response to U.S. controls on semiconductor technology. Concerns over China’s weaponization of
Last year, due to the surge in demand for electric vehicles (EVs), prices of core battery minerals like lithium and nickel reached a peak. However, they have been on a decline recently. Battery cathode material companies that purchased these minerals when they were expensive are now facing challenge
According to sources from the business sector on Sept. 7, Lotte Group Chairman Shin Dong-bin is considering a visit to Vietnam on Sept. 22 to attend the grand opening ceremony of “Lotte Mall West Lake Hanoi” operated by Lotte Shopping.Lotte is opening Lotte Mall West Lake Hanoi to expand its presenc
Despite frozen consumer sentiment in the global market, Samsung Electronics has retained its top position in smartphone market share for Q2. Despite facing a tough challenge from Apple, which plans to release its iPhone 15 series this month, there are expectations that Apple’s product launch might n