A site in Kokomo, Indiana, the United States has been selected as the home of the second joint venture EV battery plant between Samsung SDI and Stellantis.Samsung SDI and Stellantis announced on Oct. 11 that they have selected the site for the second plant of their joint venture, StarPlus Energy, ne
Huawei kicked off the 14th Global Mobile Broadband Forum in Dubai, UAE. Li Peng, Huawei's President of Carrier BG, delivered a keynote at the event. In his speech, Li called on global carriers and industry partners to rise to the occasion, address increasing demands on networks, and make the most of
The author is an analyst for NH Investment & Securities. He can be reached at kyuha.lee@nhqv.com -- Ed.LGE achieved market share expansion and margin improvement based on its competitiveness in the home appliance market. It also posted record-high profit margins at the VS division, exceeding expecta
As the Israel-Palestine conflict unfolds, disruptions in the production and operations of local semiconductor companies have raised concerns within the semiconductor supply chain. Israel, often hailed as a “startup nation,” is home to key global companies across the entire semiconductor ecosystem fr
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
Habitat for Humanity addressed the crisis of affordable and inclusive housing in Asia and the Pacific and urged stakeholders to take sustainable approaches for adequate housing in informal settlements, at a press conference hosted by the global non-profit housing organization today. Habitat also hig
The ongoing armed conflict between Israel and the armed Palestinian faction, Hamas, has sent shock waves through the Middle East. Accordingly, major South Korean companies like Samsung Electronics and Hyundai Motor, which have a significant presence in the area, are closely monitoring the situation.
One in four foreign workers received unemployment benefits that amounted to more than they earned before they lost their jobs in Korea.Out of 12,100 foreign unemployment benefit recipients last year, 3,200 (26.4 percent) took home more than their previous wages, according to the government’s data su
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
Samsung Electronics DS Division (Semiconductor) for North America (DSA) has taken the unprecedented step of introducing a three-day office attendance policy to combat the growing semiconductor talent shortage.According to semiconductor industry sources on the 26th, Samsung’s DSA recently implemented
For the first time, foreigners were honored at Shipbuilding and Offshore Day, the 20th anniversary of which was celebrated this year on Sept. 20. The honorees were Komkrit from Thailand who works for Daero ENG, a Samsung Heavy Industries partner, and Sri Lankan national Kumara, a worker of Jiu Indus
On Sept. 21, Busan Mayor Park Heong-joon and the Busan Digital Asset Exchange Establishment Promotion Committee held a press conference at Busan City Hall to announce a “Plan for Establishing the Busan Digital Asset Exchange.”The main objective is to create a fourth-generation blockchain-based excha
Park Hyatt Seoul is pleased to introduce a luxury suite offer, ensuring guests experience even greater benefits during their extended stay. For stays of 3 nights or more, guests can enjoy up to a 25% discount on Park Suites. This offer also includes a 10% discount at hotel restaurants (Cornerstone,
LG Electronics and Samsung Electronics have been recognized by American consumers as the most satisfactory brands in the TV, home appliance, and PC sectors. However, the brand satisfaction of Chinese manufacturers has seen a rapid rise recently, reducing the gap with these market leaders.According t
LG Electronics aims to increase the installation count of its webOS, the operating system that powers LG Smart TVs, from the current 200 million to 300 million by 2026 worldwide. In line with this, the company will invest 1 trillion won over the next five years in content and services to transition
Therawave, a premium home care device brand, which enables the popular dermatological procedure, (Local Dynamic Microwave) lifting conveniently at home, is launching on September 18, 2023, and has appointed Kim Sa-rang as the brand ambassador.Therawave applies the technology of professional medical
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
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
Last year, South Korea’s private debt growth rate relative to its gross domestic product (GDP) was reported to be the highest in the world. While households and businesses are reducing their debt in most countries in the aftermath of COVID-19, South Korea is drawing attention for moving in the oppos
LG Electronics swept the top spots in the major categories of Consumer Reports’ “Washing Machine of the Year” standings.According to industry reports on Sept. 12, LG Electronics products took the top three spots in Consumer Reports’ washer rankings in the three main categories -- drum, high-efficien