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South Korea's recent attempt to launch the fourth telecom carrier -- the eighth of its kind -- fell through again, raising skepticism about the government's preparedness and the feasibility of the plan itself. The Ministry of Science and ICT earlier this month decided to cancel the license of Stag...
South Korea's leading steel manufacturer, Posco, has carried out an emergency response drill at its Gwangyang plant to test the rapid recovery of mobile communication networks in the event of a disruption. The drill, held on June 13, was carried out in collaboration with the nation's three largest...
SK Group Chairman Chey Tae-won will embark on a business trip Saturday to the US to meet with key figures in artificial intelligence and semiconductors fields for future business opportunities, the group said Friday. Chey’s upcoming trip comes about two months after he met with Nvidia CEO Jensen ...
South Korean conglomerate Hanwha Group has acquired Philly Shipyard for $100 million, making it the first Korean company to enter the US shipbuilding industry. Announced on Friday, the acquisition involves Hanwha Systems holding a 60 percent stake and Hanwha Ocean a 40 percent stake. These subsidi...
Starbucks Korea partnered with the Korea Tourism Organization to host a special hospitality event Wednesday at the Starbucks Daegu Jongno Gotaek store in Daegu, welcoming over 90 foreign tourists as part of efforts to showcase Korea. The event was part of a program that spotlights 10 distinguished...
Korean fashion company ShinWon Corporation said Friday that it is increasingly adopting artificial intelligence and big data to lead tech innovation in fashion. By predicting future trends through extensive data analysis, ShinWon said it adapts swiftly to market changes, incorporating these insigh...
Hanwha Qcells, the solar energy division of Korean energy company Hanwha Solutions, has signed a significant agreement with US commercial solar developer Summit Ridge Energy to supply 2 gigawatts of solar modules by 2027 for community solar projects and collaborate on energy storage systems. This ...
SK Innovation, the country's biggest private gas firm, said Thursday it is "reviewing" many business options to strengthen the company's competitive edge, but it has not decided on the reported merger with its sister firm SK E&S. Earlier in the day, a local daily reported that the company is prepa...
South Korean national flag carrier Korean Air will reopen some routes to China that had been suspended since the COVID-19 pandemic, in response to a recent rise in travel demand between the two countries. Starting in July, Korean Air will resume flights between Busan and Shanghai, as well as betwe...
Hyundai Motor Group Metaplant America, Hyundai Motor Group’s new electric vehicle plant in Georgia, will begin production later this year, allowing the automaker to leverage the Inflation Reduction Act benefits to better compete in the US EV market. Hyundai announced Wednesday that the inaugural ...
South Korea’s construction equipment trio -- HD Hyundai Construction Equipment, HD Hyundai Infracore and Doosan Bobcat -- are ramping up their efforts to penetrate emerging markets. While North America and Europe continue to be major revenue sources, they are investing more in local production and...
Posco Group Chairman Chang In-hwa stressed that the group will continue to focus on investing in its secondary battery materials business and expand the application of eco-friendly steel-making methods at a forum organized by World Steel Dynamics in New York, US, Posco Holdings said Wednesday. “T...
Views are mixed among legal experts. “It is quite rare that the court makes such a mistake and corrects the error,” said Lee Hyung-gon, a judge-turned-lawyer. However, Lee remained cautious about whether the correction would affect the ruling. “It remains to be seen whether the Supreme Court f...
Samsung SDI’s highlight at the Interbattery Europe 2024 is its upgraded Samsung Battery Box 1.5. This state-of-the-art ESS product uses high-nickel, nickel-cobalt-aluminum battery cells whose high energy density makes them ideal for large-scale energy storage. The upgraded SBB 1.5 model features ...
By Kan Hyeong-woo ( hwkan@heraldcorp.com )
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