POSCO Group is making significant strides into the clean hydrogen sector in collaboration with the Abu Dhabi National Oil Company (ADNOC), a state-owned petroleum company in the United Arab Emirates (UAE).POSCO International announced on Jan. 31 that it has signed a “strategic cooperation agreement
South Korean trading firm SK Networks is joining hands with the Bow Capital, the U.S.-based venture capital firm, to pursue a transformation into an investment company focused on the artificial intelligence (AI) sector.SK Networks announced the signing of a memorandum of understanding (MOU) for the
CJ Logistics announced on Jan. 31 that it has entered into a strategic partnership for logistics cooperation with Saigon Co.op, a Vietnamese state-owned retail chain giant.Through this partnership, both companies plan to establish a joint task force to collaboratively operate a new logistics center
The South Korean government is gearing up for the successful launch of its own version of NASA, the Korean Aerospace Administration (KAA), set to open in May. The Ministry of Science and ICT reported on Jan. 29 that it has been engaging with major international space agencies, including the U.S. Nat
Incheon will host this year’s APAC Wind Energy Summit on 26-28 November 2024.The thriving port city in South Korea has abundant potential for offshore wind development and provides the perfect setting for local, national and international groups to come together and drive the region’s offshore wind
Samsung Electronics is set to launch its new Galaxy S24 series in China, featuring “Erniebot,” an artificial intelligence (AI) chatbot developed by Baidu as a response to OpenAI’s ChatGPT.According to foreign media reports on Jan. 29 (local time), Baidu announced that Samsung Electronics will utiliz
Four labor unions representing Samsung affiliates, including Samsung Electronics, Samsung Display, Samsung Fire & Marine Insurance, and Samsung Biologics, will merge to form a consolidated labor union. The launch of this mega labor union is scheduled for the end of this month. The establishment of t
The Ministry of SMEs and Startups (MSS) is actively moving forward with the designation of new global innovation districts this year. Simultaneously, it is focusing its efforts on strengthening global collaboration programs to foster the venture ecosystem. The ministry plans to strengthen support fo
Doosan Enerbility is advancing its efforts to supply carbon-neutral power generation technologies, including Carbon Capture, Utilization, and Storage (CCUS) and ammonia co-firing, renewables, and hydrogen to Thailand. On Jan. 29, the company announced the signing of a memorandum of understanding (MO
South Korea’s share of China’s import market fell to 6 percent last year. This is the lowest level in 30 years since 5.2 percent in 1993, the year after the establishment of diplomatic relations between South Korea and China. South Korea also slipped to third place in the rankings of countries from
Samsung Electronics has been confirmed to have established a new next-generation memory research and development (R&D) organization to preempt the market of 3D DRAM, often referred to as “dream memory.”According to industry sources on Jan. 28, Samsung Electronics’ Semiconductor (DS) division recentl
Samsung Electronics is set to revolutionize the Chinese smartphone market with its upcoming artificial intelligence (AI) phone, the Galaxy S24 series, featuring Baidu's generative AI. This strategy, aimed at enhancing AI service quality through collaboration with various AI partners and capturing th
Following the election of an anti-China candidate in the Taiwanese presidential election, the geopolitical risks associated with Taiwan, a central player in the global semiconductor supply chain, have elevated the roles of Southeast Asian countries like Malaysia, Singapore, and Vietnam as new global
The world’s most efficient quantum dot (QD) solar cell has been developed by the Ulsan National Institute of Science and Technology (UNIST). A quantum dot solution and a device used in the development of the solar cell can maintain high performance even after long-term storage, taking a step closer
The Export-Import Bank of Korea (Korea Eximbank) announced on Jan. 25 that it will establish and operate a “Saudi Desk” to support projects in the Middle East, including Saudi Arabia. The Saudi Desk of Korea Eximbank is expected to play a specialized role in handling business related to projects in
Bone regeneration is a complex process, and traditional methods such as bone grafting and growth factor delivery have been limited by high costs. In this context, a piezoelectric material designed to promote bone tissue growth has been developed.KAIST announced on Jan. 25 that a research team led by
SK telecom anticipates further advancement in artificial intelligence (AI) technology this year, with plans to enhance its AI personal assistant “A.” and secure allies in the global market for tangible results.On Jan. 25, Yoo Young-sang, CEO of SK Telecom, discussed the company’s AI strategy with th
KT has announced its plans to construct a new submarine cable to meet the surging demand for cloud, big data, and internet traffic between Asian countries. On Jan. 24, KT signed a memorandum of understanding (MOU) for the Asia Link for advanced Performance of High-speed Access (ALPHA) project, aimed
Sam Altman, the CEO of OpenAI and a key figure in the global spread of generative AI sparked by ChatGPT, is visiting South Korea on Jan. 26. This visit follows his recent proposal to shake up the industry with the establishment of a global AI semiconductor production network.According to the semicon
Alipay+ announced that it has signed a memorandum of understanding (MOU) with the Korea Tourism Organization (KTO) on January 24 to together revitalize inbound tourism and ensure a more convenient and seamless checkout experience for international tourists visiting in the country.Under the MOU, the