The market for Micro Light Emitting Diode (microLED) panels, emerging as a next-generation display, is a domain where the domestic display industry, which is even being chased by Chinese companies in the OLED sector, can showcase a dominant market share in the future based on their advanced technolo
The United States is accelerating its resurgence in the manufacturing sector. While the rivalry with China is one factor, there is also an awareness that maintaining a nation’s competitiveness requires establishing a supply chain based on manufacturing. On the other hand, as South Korea, a nation th
Last year, three out of four foreign recipients of unemployment benefits were Chinese nationals, including those of Korean descent, according to a recent survey. Over the past five years, the total unemployment benefits received amounted to 266 billion won (US$199.70 million), which was 784 billion
With 11 out of 13 new partners being South Korean firms, Samsung Electronics has crossed a significant threshold this year where the proportion of its domestic partners has exceeded half for the first time. This move is seen as an intention to strengthen a supply chain centered around domestic compa
Hyundai Motor Group has initiated the development of electric vehicle motors that do not utilize “rare earth elements,” which are heavily dependent on China.According to industry sources on Aug. 13, Hyundai Motor Group is currently developing a propulsion motor at its Namyang Research Center in Hwas
Experienced and technically skilled companies are joining the coalition between South Korea and Malaysia for the Carbon Capture & Storage (CCS) project.According to SK Innovation on the 11th, companies participating in the Shepherd CCS Project, including SK energy, SK E&S, Samsung Engineering, Samsu
GS Engineering & Construction (GS E&C) announced on the 11th that its subsidiary, GS Inima, has secured the Shuweihat S4 Reverse Osmosis Independent Water Project ordered by the UAE's Water and Electricity Authority (EWEC).This newly secured contract, valued at approximately 920 billion won, is
SK telecom (SKT) today announced that it is investing additional USD 100 million in Anthropic, an AI safety and research company based in San Francisco. This follows the previous investment from SK Telecom Venture Capital (SKTVC), the Silicon Valley-based venture capital arm of SKT. SKT has entered
According to the DNV’s Alternative Fuels Insight (AFI) on Aug. 10, the world’s cumulative orders for methanol-fueled ships (including retrofits) stood at 204 vessels as of the end of July. Of these, Korean shipbuilders accounted for 35.8 percent, or 73 vessels.Twenty-seven vessels are currently in o
An international standard for liquefied petroleum gas-powered ships was approved at the International Maritime Organization’s 107th Maritime Safety Committee (MSC) meeting in London, the United Kingdom, in June.According to sources in the shipbuilding industry on Aug. 10, LPG ship safety guidelines
The cargo business has become one of the variables in the merger of Korean Air and Asiana Airlines entering the home stretch. It remains to be seen if Korean Air’s high-stakes tactic of offering cargo planes to its rivals will be enough to satisfy overseas competition authorities.According to indust
POSCO International, which has announced its takeoff to become an eco-friendly energy giant, seems to be increasing its scale in all stages of the LNG business from exploration and production to supply.Australian natural gas (LNG) company Senex Energy, a subsidiary of POSCO International in Australi
China has launched counterattacks against U.S. economic restrictions on the Chinese market. The counterattacks include three measures implemented last month and this month.“As the U.S.-China conflict escalates and China announced legislative initiatives and export control measures to secure economic
The U.S. government is highly likely to designate copper foil, a battery material, as a core mineral in the Inflation Reduction Act (IRA). This is expected to strengthen the position of Korean copper foil companies as Chinese companies are blocked from entering the fast-growing U.S. battery market.A
On Aug. 9 (local time), the U.S. federal government made a decision to regulate American capital investment in China’s advanced technology sector. This marks an escalation of the economic battle between the U.S. and China, expanding its front from trade and technology to the investment domain. This
In the first half of this year, venture investment amounted to 4.4 trillion won (US$3.35 billion), marking a 41.9 percent decrease compared to the same period last year. This decline can be attributed to the lingering effects of interest rate hikes that began in the latter half of the previous year
The Chinese government has decided to virtually fully permit overseas group travel for its citizens for the first time in over three years since the onset of the COVID-19 pandemic. Consequently, Chinese group tourism to South Korea will resume after more than six years, unlocking the travel restrict
The White House announced on Aug. 9 (local time) that in the first year since the implementation of the CHIPS and Science Act it has attracted investments amounting to US$166 billion from over 460 companies worldwide.The U.S. Department of Commerce stated that “More than 460 letters of intent for in
EOFlow, the developer of the wearable insulin pump EOPATCH, has become embroiled in an intellectual property infringement lawsuit in the United States.EOFlow announced on Aug. 9 that Insulet Corporation, a U.S.-based company specializing in the development of wearable insulin pumps, has filed a laws
Korea is moving quickly to establish the world’s first hydrogen power tender market. The Korean government plans to open a full-fledged hydrogen power generation market from 2025 after establishing a clean hydrogen market that can generate power with significantly lower carbon dioxide emissions than