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Kim indicated a phased approach to collaboration with Chinese entities and stressed the necessity to promptly finalize agreements concerning the IRA and the Advanced Manufacturing Production Credit. Kim echoed the sentiments of chairman-nominee Chang In-hwa regarding the company's unwavering commi...
The global transition to net zero will be a boon for companies in renewable energy and secondary batteries, while supply chain restructuring will challenge Korean chipmakers, according to data analysis released Wednesday by the Korea Chamber of Commerce and Industry. The business group released a ...
KT&G, South Korea's dominant cigarette maker, is expected to face a fierce battle to appoint its new chief executive at an upcoming shareholder meeting, as an activist fund is seen lining up with the company's largest shareholder, observers said Wednesday. Appointing a new chief executive, which w...
The dispute between South Korea’s two major shipbuilders -- Hanwha Ocean and HD Hyundai Heavy Industries, housed under Hanwha Ocean and HD Hyundai Heavy Industries, respectively -- is escalating, with Hanwha taking legal action. Hanwha Ocean on Monday filed a complaint with the National Office of...
South Korean travel platform operator Yanolja is making a big push in cloud services, as it seeks to transform itself into a global tech solutions provider. As the company accelerates the expansion of its overseas solutions business, market watchers and investors are paying keen attention to whethe...
According to him, partnering with Abu Dhabi’s vibrant cultural scene offers opportunities for artists and institutions to enhance their global reach and impact. Its annual Abu Dhabi Festival, marking its 21st anniversary this year, attracts almost 20,000 visitors. Having already inked partnership...
The AAM is a concept that encompasses urban air mobility (UAM) that moves short distances within the city, regional air mobility that connects regional bases and an unmanned aircraft system that transport logistics. Under the agreement, Hyundai Motor Group decided to give priority consideration to...
JB Financial Group said Tuesday it appointed two new members to its outside board of directors, aligning with the government's initiative for increased inclusivity in the financial sector. The group is welcoming two distinguished members to its outside board of directors -- Lee Hee-seung, a capita...
Major South Korean builder Daewoo Engineering & Construction (Daewoo E&C) said Tuesday it has successfully conducted a 150 million-Singapore dollar ($111 million) bond sale in the city-state. The five-year bonds, which have received an AA rating from global rating appraiser Standard & Poor's Globa...
In a whirlwind of fierce competition, Chinese e-commerce powerhouses AliExpress and TEMU have been dampening the once-vibrant spirit of retail business startups in Korea. The surge of Chinese e-commerce companies has delivered a significant blow to Korea's startup scene. Their mega-scale, low-cos...
Hugel, a South Korean botulinum toxin company, announced Monday that the US Food and Drug Administration has granted marketing approval for the company’s botulinum toxin, Letybo. Hugel expects to launch Letybo in the US in mid-2024. "The Canada launch of Letybo last year laid a solid foundation ...
The battery associations of South Korea, the US, the EU and Japan announced the launch of the World Battery Forum in Seoul on Monday. The WBF has been established to accelerate the battery industry's net-zero energy transition, analyze worldwide battery regulations to push for an eco-friendly ener...
Hanwha Foodtech has acquired the US-based robot pizza brand, Stellar Pizza, as part of its efforts to drive technological innovation in the food service industry. In January, Hanwha Foodtech signed a memorandum of understanding with Serve Automation, the parent company of Stellar Pizza, for a tran...
Kumho Tire, South Korea's second-largest tire maker, said Monday it has forged a technology licensing agreement with Saudi Arabian tire maker Blatco. Under the agreement, Kumho Tire will provide Blatco with technology support for the production of passenger car tires sold in Saudi Arabia and the M...
South Korean shipper HMM said Monday it has signed a "green sailing service" deal with German logistics firm HellMann for the trading of reduced carbon emissions. HMM, South Korea's top container shipping company, said it marks the company's first-ever green sailing service contract. HMM didn't di...
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Hyundai, KAIST develop world’s 1st technology to extend lifespan of LFP battery
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Miracell showcases stem cell technology at Milan trade show