Among domestic construction companies, GS Engineering & Construction (GS E&C) has received the highest number of defect judgments in the last five years, with a total of 1,646 cases.According to the Ministry of Land, Infrastructure and Transport on March 24, GS E&C had 3,284 defects reported to the
SK’s oil development project, which has been aiming to become a “resourceless oil-producing country” for 40 years, is expected to record its highest performance ever this year. The plan is to maximize profitability through full-scale production in the Chinese block, for which it has secured independ
Korea Electric Power Corporation (KEPCO) and the Emirates Nuclear Energy Corporation (ENEC), through their joint venture operation company in the UAE, Nawah Energy, announced that Unit 4 of the UAE Barakah Nuclear Power Plant successfully connected to the UAE transmission network on March 23.The con
Paris Baguette, a bakery brand of SPC Group (Chairman Hur Young-in), is making its entry into Italy.SPC Group announced that Chairman Hur Young-in met with Mario Pascucci, the CEO and third-generation founder of the Italian coffee brand Pascucci, who visited Korea on March 24 to sign a master franch
China’s largest telecommunications equipment company, Huawei, is reportedly planning to release a new 5G smartphone next month.On March 23, Chinese media, including Finance World, cited multiple sources to report that Huawei’s next-generation flagship smartphone, the P70 series, is expected to be re
Pulmuone's Museum Kimchikan announced on the 24th that it will expand the number of kimchi experience programs for foreign visitors who want to experience Korean kimchi and kimjang culture from the existing 2 to 4 starting this month.As the number of foreign visitors interested in experiencing kimch
Controversy over AliExpress’ and Temu’s harmful content for teenagers has not subsided.Despite constant criticism from Korean consumer organizations, the two Chinese e-commerce giants’ measures have been insufficient, and responses came late from the Korean government.According to a recent report, a
Approximately four out of ten major domestic companies are using generative artificial intelligence (AI) at the company level for their operations, according to a survey result.The Federation of Korean Industries announced on March 21st the results of a survey titled “Current State and Perception of
Moon Hyuk-soo, the CEO of LG Innotek, announced on March 21 that the company is planning to increase its current automotive electronics (electronic systems) sales from 2 trillion won to 5 trillion won within the next five years.After being appointed as an inside director at the regular general meeti
The Ministry of SMEs and Startups announced on March 21 that it will be holding the “On-device AI Ultra-differential Challenge” launch ceremony at the Josun Palace Hotel in the Gangnam district of Seoul in collaboration with LG Electronics, Microsoft Korea, and Intel Korea. This event marks the begi
In an unprecedented move, the U.S. government has decided to grant a massive US$19.5 billion subsidy to its domestic semiconductor company, Intel. This amount is nearly double the combined expected subsidies for Samsung Electronics, which is anticipated to receive $6 billion, and Taiwan’s TSMC, expe
Naver is taking a significant step into the robotics market by unveiling the world’s first robot operating system based on a web platform. Its greatest strength is compatibility with web services, positioning Naver to become the “Android of Robotics” in the still-nascent robot OS market.During the ‘
Jensen Huang, CEO of Nvidia, visited Samsung Electronics’ booth at the GTC 2024 event in San Jose, California, on March 20 (local time) and left a handwritten signature on the 5th generation High Bandwidth Memory (HBM3E) on display, which has been positively interpreted by industry insiders. Followi
Hanmi Pharmaceutical announced on March 18 that it will unwrap 10 new research projects, the most in the industry, in the American Association for Cancer Research 2024 (AACR 2024), which will run in San Diego of the United States from April 5 to 10.First, Hanmi Pharmaceutical will present the result
This March, Four Seasons Hotel Seoul takes centre stage as an official partner of the prestigious Asia’s 50 Best Restaurants 2024, which comes to the Korean capital for the first time. Securing its place as a gastronomic hotspot in the city’s thriving culinary scene, the contemporary Gwanghwamun hot
POSCO Holdings, the holding company of POSCO Group, elected Chang In-hwa as its chairman in a general shareholders meeting and a Board of Directors meeting at the POSCO Center in the Gangnam district of Seoul on March 21. Chang will serve a three-year term.Tough challenges are facing Chang, who star
SG is a leading domestic asphalt concrete maker. We expect to see: 1) significant improvement in public procurement orders following the end of regulations on SMEs; 2) market share expansion for the firm’s ecosteel asphalt concrete; and 3) benefits for the newly established Ukrainian subsidiary afte
KEB Hana Bank is achieving robust performance through equity investments in Vietnam and China. Instead of securing local corporate licenses, the bank’s decision to opt for minority stake acquisitions has proven successful. KEB Hana Bank is further expanding its collaborations with invested banks to
The 17-year trend of Japan’s persistent negative interest rates has come to an end, yet the market’s response remains tepid. This is attributed to assessments indicating difficulty in perceiving a full-fledged tightening. However, there are prospects suggesting that the yen may strengthen from the s
Taiwan’s stock market has reached an all-time high, propelled by the surge in Taiwanese technology stocks, including TSMC, amid the global semiconductor boom. The narrowing gap in market capitalization with the domestic stock market has narrowed to approximately US$4 billion.According to the Taiwan