The implementation of the Inflation Reduction Act (IRA) has been fueling market competition between Korea and Japan over the U.S. electric vehicle battery market.Japan's Panasonic is considering investing around US$5 billion (about 6.5 trillion won) to build a third electric vehicle battery plan
Two out of three South Koreans believe that the ROK-U.S. alliance has been the foundation of Korea’s economic growth.The Federation of Korean Industries (FKI) announced on April 16 the results of a survey commemorating the 70th anniversary of the ROK-U.S. alliance. The survey was conducted on 1,004
According to China’s state-run Xinhua News Agency on April 13, President Xi visited LG Display’s factory and the R&D center for electric vehicle Aion under China’s Guangzhou Automobile Group (GAC) as part of a tour of Guangzhou in Guangdong Province of China on April 12.The Chinese political leaders
The Japanese government announced on March 31 that a semiconductor manufacturing equipment export ban would be implemented in July. The ban will be applied to 23 types of equipment used for advanced chip manufacturing. Although targets were not specified, it is highly likely that the ban is to isola
Korean battery companies breathed a sigh of relief after examining the detailed guidelines of the IRA released by the U.S. Treasury Department on March 31 (local time). This is because according to the guidelines, they will be able to continue their current processes and still receive subsidies unde
The South Korean Supreme Court's final ruling in 2019 in favor of those forced to labor during the Japanese occupation led to a serious deterioration of Korea-Japan relations.To improve relations with Japan despite public opposition, President Yoon Suk-yeol formulated a proposal for third-party
Nvidia, TSMC, Synopsys and ASML have agreed to cooperate for the development of 2 nm chip technology.Taiwan’s TSMC is speeding up the development of 2 nm or more advanced technology for a state-of-the-art foundry process in tandem with Nvidia, Synopsys, and ASML, according to foreign media outlets o
MSC and Maersk recently announced that they would end their alliance in January 2025. In addition, the Ocean Alliance’s contract is scheduled to end in 2027. The current global market share of the MSC and Maersk alliance is 40 percent and that of the Ocean Alliance is 35 percent.Each of Maersk and M
Astronomical investment plans in the form of a combination of the public and private sectors are being announced one after another with the goal being to achieve semiconductor supremacy. This is nothing short of a reorganization of the world semiconductor industry. Right now, alliances aim to hold a
More than 500 people from the global information technology (IT), consumer electronics and platform industries are participating in the Connectivity Standards Alliance (CSA) that will run for four days from March 20. Participants include mobile and home appliance companies such as Samsung Electronic
Attention is focusing on South Korea-Japan collaborations in the EV industry after their recent summit.At present, LG Energy Solution is the only South Korean EV battery maker that is doing business with Japanese automakers. It has supplied batteries to Nissan and Isuzu and is discussing a partnersh
Samsung Electronics and LG Electronics announced on March 19 that they will participate in the Smart Home Standards Member Meeting of the Connectivity Standard Alliance (CSA), a smart home global standard alliance to happen at the Conrad Hotel in Seoul for four days from March 20.This event is a pla
Hyundai Motor Group ranked third in the global car sales standings last year, following Toyota and Volkswagen. This marked the first time Hyundai Motor Group has joined the Big 3 Club and in 12 years since the Korean carmaker beat Ford in 2010, taking fifth place.According to data from automotive gr
As methanol-powered ships are rapidly emerging as next-generation eco-friendly ships, competition is heating up between Korean and Chinese shipbuilders about which is taking more shipbuilding orders. Until now, Korea has been leading the high value-added eco-friendly ship market, but Chinese shipbui
Huawei Cloud APAC is committed to strengthening its partner ecosystem. The global cloud company reaffirmed this commitment by hosting the APAC Partner Leadership Summit 2023 from the 23rd to the 24th of February in Bali, Indonesia. With the theme, “Go Together, Grow Together,” this two-day summit is
Samsung Electronics will enter competition to develop more advanced chips for smartphones and PCs by starting again to develop cores for central processing units (CPUs). The Korean tech giant is planning to lower its reliance on ARM and face off with Apple by loading CPUs of its own design into smar
Global automakers and battery companies are forging alliances and partnerships one after another. Following Ford’s decision to partner with LG Energy Solution instead of SK Energy in Turkey, General Motors (GM) has decided to build a joint venture plant with Samsung SDI instead of LG Energy Solution
Huawei announced it has joined the UNESCO Global Alliance for Literacy (GAL) as part of the company's lead up to the Mobile World Congress 2023. The announcement was made at a Digital Talent Summit co-hosted by Huawei and the Institute for Lifelong Learning (UIL) which serves as the Secretariat
SK Telecom has presented an “AI to Everywhere” plan aimed at offering innovative AI services in five areas.The company's president Ryu Young-sang held a news conference at MWC23 in Barcelona, Spain, on Feb. 26 (local time) to offer the new vision. The five areas are customer/technology, space-ti
With the launch of Apple Pay in Korea imminent, Naver Pay and Samsung Pay which rank first in the online and offline payment markets, respectively, are forging an alliance, signaling a seismic change in the simple payment market in Korea.Samsung Pay services will become available at online merchants