Business
-
[CES 2023] HL Klemove partners with Sonatus to develop next-gen electrical component for connected vehicles
LAS VEGAS -- HL Klemove, a self-driving solution wing of South Korea's Halla Group, partnered with Sonatus, an American vehicle and cloud solution developer, to cooperate in the development of electrical components and software for next-generation connected vehicles. Sonatus is a California-based vehicle technology solution company that builds solutions for software-defined vehicles that add functions, manage operations, and enable new features primarily or entirely through sof
January 8, 2023 -
[CES 2023] KSOE signs cooperation agreement with ABS to develop autonomous commercial vessels
LAS VEGAS -- Korea Shipbuilding & Offshore Engineering, the holding company of Hyundai shipbuilding group, signed a cooperation agreement with the American Bureau of Shipbuilding to jointly develop and demonstrate artificial intelligence-based autonomous “unmanned” commercial vessels. Backed by the accelerated speed of AI-based smart vessel development, Avicus, the autonomous vessel development wing of HD Hyundai, the world’s top shipbuilder formerly known
January 8, 2023 -
[CES 2023] SK ecoplant partners with Plug and Play Ventures to jointly develop eco-friendly businesses
LAS VEGAS -- SK ecoplant, an environmental and energy solution provider affiliated with South Korea's SK Group, has joined hands with Plug and Play Ventures, an international early-stage venture capital, to cooperate in the development and investment of new eco-friendly businesses. 2022 has been a busy year for the South Korean environmental and energy solution provider. SK ecoplant partnered with a handful of companies across the globe to expand its business areas into vario
January 8, 2023 -
[CES 2023] LG Innotek showcases autonomous driving technology at CES
LAS VEGAS -- LG Innotek, an electric component maker affiliated with South Korea’s LG Group, showcased the company’s top-notch autonomous driving technologies at the Consumer Electronics Show, an annual technology exhibition held in Las Vegas, for the first time. While the Consumer Electronics Show (CES) mainly focuses on electronics including smart devices and home appliances, the venue is also the favorite of carmakers and component manufacturers who wish to boast the
January 7, 2023 -
[CES 2023] LG Electronics to demonstrate smart home platform using various home appliances at CES
SEOUL -- At the Consumer Electronic Show, an annual electronics show held in Las Vegas, LG Electronics will demonstrate whether its smart platform can control home appliances created by other companies. Through the platform equipped with voice control and artificial intelligence technology, the company aims to upgrade the connectivity between products of many different brands so that consumers can conveniently use home appliances. The artificial intelligence (AI) platform called Th
January 6, 2023 -
Samsung Electronics' operating profit plunges 69% in fourth quarter amid falling demand
SEOUL -- Samsung Electronics' operating profit nosedived 69 percent to 4.3 trillion won ($3.37 billion) in the fourth quarter of last year from a year before due to the falling prices of memory chips amid a global economic slowdown, the IT giant said on January 6. It was the first time since the third quarter of 2014 that Samsung has posted a quarterly operating profit of less than 5 trillion won. The earnings shock came although the company enjoyed record-high yearly sales
January 6, 2023 -
Korea takes world's top spot in eco-friendly ship construction in 2022
SEOUL -- South Korean shipbuilders received orders of 15.59 million compensated gross tons (CGT) last year, representing 37 percent of the orders placed worldwide, according to the Ministry of Trade, Industry and Energy. The country’s global shipbuilding market share hit the highest since 2018 when it reached 38 percent. Korea came second in the world orders ranking in 2022 after China which took a 49 percent share. Citing data from Clarkson Research Services, the trade m
January 6, 2023 -
Hygiene product maker Aekyung's detergent manufacturing technology wins green certification
SEOUL -- A manufacturing technology for kitchen detergents developed by Aekyung, a major hygiene product maker in South Korea, won government approval as green technology. The new eco-friendly method that uses natural extracts can replace synthetic additives with various chemical substances. Most chemical components in synthetic preservatives are decomposed in sewage treatment plants. One of the main components of synthetic preservatives is surfactants which weaken the surface tens
January 5, 2023 -
Vietnam emerges as Korea's most profitable trading partner in 2022
SEOUL -- Vietnam brought a bigger trade surplus to South Korea last year than any other trading partners of the latter, according to the Ministry of Trade, Industry and Energy. The ministry said on January 4 that South Korea posted an estimated $34.25 billion in trade surplus with Vietnam in 2022. The Southeast Asian country topped the list of countries with which South Korea enjoyed a surplus. Vietnam edged out Hong Kong which was listed at the top of the trade surplus list fo
January 5, 2023 -
Kolon Industries partners with Hanyang University to develop gene therapy technology
SEOUL -- A biotechnology research center specializing in age-related diseases partnered with Hanyang University in Seoul to carry out research and development projects for gene therapy. Through collaborations, the research center affiliated with Kolon Industries, a chemical textile manufacturing company in South Korea, will also play the role of an incubator for prominent young biotechnology researchers. Age-associated diseases include Parkinson's disease, arthritis, osteoporos
January 5, 2023
-
Top security officials of South Korea, US, Japan discuss NK troop deployment to Russia
-
Veteran actress Kim Soo-mi dies at 75
-
VISUALS: Extreme sports festival kicks off at Gwanghwamun
-
South Korea, U.S. defense chiefs to hold talks in Washington
-
North Korean troops in Russia are Moscow's 'business,' Putin says
-
LG Electronics heat pump to win innovation award at US expo
-
PHOTOS: Korea observes Dokdo Day
-
Hyundai Mobis posts 31.6% jump in Q3 operating profit
-
Old movies make comeback to theaters with nostalgic appeal
-
Cyclonic storm makes landfall on eastern Indian coast