“Like the company has persisted in developing HBM, confident in its value, I too will continue to devote efforts to developing next-generation AI memory technology to lead the rapidly changing AI era,” said Son Ho-young, vice president of SK Hynix, on Feb. 27, expressing his thoughts and ambitions a
Samsung Electronics and SK telecom have embarked on forming alliances with global operators to lead the development of 6G and integrate Large Language Models (LLM) into their services. While Samsung Electronics is co-establishing a consortium with big tech companies across various sectors such as te
Domestic game companies are putting significant effort into capturing the Middle East market. Based on “oil money,” this region possesses high financial power and purchasing capability but is still an untapped market due to inadequate communication infrastructure and other issues. Although the uncer
By the end of 2023, more than 300 5G commercial networks had been launched worldwide, serving more than 1.6 billion users. 5G development is now well underway, with the growth rate of global 5G users reaching seven times higher than that of 4G users in the same period. Operators using Huawei solutio
Hyundai Motor Company’s IONIQ 5 N is among the Top Three in the World finalists for the 2024 World Performance Car.The World Car Awards announced the Top Three in the World finalists for this year’s competition at a ceremony during the Geneva International Motor Show. The World Car Awards is an annu
JW Pharmaceutical announced on Feb. 26 that it has signed a joint research agreement with its subsidiary, C&C Pharmaceuticals Research Institute, for the development of innovative anti-cancer cell therapies.According to the agreement, JW Pharmaceutical will develop a new CAR-NK cell therapy targetin
Samsung Electronics, SK hynix, and other major semiconductor firms have called for government attention and support in relation to the U.S. government’s impending subsidy payments.During a “Public-Private Semiconductor Strategy Meeting” held on the morning of Feb. 26 at the Korea Chamber of Commerce
Starbucks Korea has halted sales of its sparkling water Perrier following a quality control controversy.Starbucks Korea announced on Feb. 26 that it has preemptively suspended sales of Perrier from Feb. 1 following quality control issues raised by the brand’s overseas manufacturer.Perrier is a spark
Amid growing concerns about expanding trade risks in big election years in 76 countries around the world holding elections, the Korean government has decided to actively manage risk factors through a strategy meeting among industry, academia, and research centers.The Ministry of Trade, Industry and
By combining three key factors—AI-powered real-time translation technology, expertise in professional translation, and know-how in video production—Flitto enhances the competitiveness of K-content and expands its reachFlitto (CEO Simon Lee, KOSDAQ 300080), an AI data solution and professional transl
The Korean government has set the goal of seeing Korean green companies achieve 100 trillion won in overseas exports by 2027. To this end, it plans to proactively discover demand for overseas environmental businesses. In particular, it aims to build a sustainable foundation for an overseas expansion
After assuming office, the newly appointed president of POSCO International, Lee Gye-in, has opted for the global expansion of the driving motor core division as his first move.POSCO International approved the construction of a new driving motor core plant in Poland and a second plant in Mexico duri
Huawei hosted the 5G Beyond Growth Summit at MWC Barcelona 2024 today. At the summit, Li Peng, Huawei's Corporate Senior Vice President and President of ICT Sales & Service discussed how carriers can achieve business success in 5G and how 5.5G will further unlock the potential of networks and create
On Feb. 20, the Incheon Free Economic Zone (IFEZ) announced the inauguration of Yoon Won-seok, the former executive vice president of the Economic and Trade Cooperation at the Korea Trade-Investment Promotion Agency (KOTRA), as its 8th Commissioner. The position of Commissioner of the Incheon Free E
The U.S. government has decided to support SK siltron with investment funding in the form of a loan to expand its production in the United States. SK siltron CSS currently operates a factory in Bay City, Michigan.The Loan Programs Office (LPO) under the U.S. Department of Energy announced on Feb. 22
On Feb. 23, KB Kookmin Bank held the grand opening ceremony of KB Prasac Bank in Phnom Penh, the capital city of Cambodia.Approximately 700 individuals attended the event, including the Governor of the National Bank of Cambodia Chea Serey and the Ambassador of Cambodia to Korea Chring Botum Rangsay
Samsung Bioepis announced on Feb. 25 that it has obtained a positive opinion for the sale of its biosimilar of Stelara, known as Pyzchiva, from the Committee for Medicinal Products for Human Use (CHMP) under the European Medicines Agency (EMA).The original drug of Pyzchiva developed by Janssen, know
Hyosung Group is pushing forward with the establishment of a new holding company to strengthen responsible management and enhance shareholder value.On Feb. 23, the group decided on a division plan to spin off investment sectors related to six companies, including Hyosung Advanced Materials, Hyosung
Hyundai Engineering & Construction (Hyundai E&C) has been selected as the preferred negotiating partner for a major nuclear power plant project in Bulgaria, marking its return to the overseas market after 15 years.The company announced on Feb. 23 that it has solely passed the pre-qualification asses
KG Mobility (KGM) announced on Feb. 22 that it posted sales of 116,699 units and 3.78 trillion won (US$2.84 billion), operating income of 5 billion won and net profit of 1.2 billion won based on an unconsolidated basis in 2023.KGM said the results were driven by productivity improvements and cost re