Wuxi Industry Development Group
Scope
Date
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Batteries
SK On to develop anode materials with Westwater Resources of US
South Korea's electric vehicle (EV) battery maker SK On and the American graphite company Westwater Resources will jointly develop anode materials f...
May 04, 2023 (Gmt+09:00)
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Aerospace & Defense
KAI, bastion of South Korea’s fast-growing defense industry
SACHEON, South Gyeongsang Province – On a hot spring day in April, the roar of combat aircraft engines fills the air. It’s a normal day ...
May 03, 2023 (Gmt+09:00)
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Mergers & Acquisitions
LG Chem in talks with Glenwood to sell off diagnostics unit
LG Chem Ltd. is slated for exclusive talks with Seoul-based Glenwood Private Equity to sell off its in vitro diagnostics business, according to biop...
May 03, 2023 (Gmt+09:00)
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Bio & Pharma
Merck to build biopharma raw material plant in Korea
Global pharmaceutical company Merck is considering a plan to establish a biopharmaceutical raw material production facility in Daejeon.South Korean ...
May 03, 2023 (Gmt+09:00)
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Artificial intelligence
Spooked by data leak, Samsung bans use of ChatGPT, other AI tools
Alarmed by a recent accidental data leak, Samsung Electronics Co. has banned one of its biggest business divisions from using ChatGPT and other gene...
May 02, 2023 (Gmt+09:00)
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Shipping & Shipbuilding
Samsung Heavy Industries develops next-generation FLNG
South Korean shipbuilder Samsung Heavy Industries has developed a new model for its floating liquefied natural gas (FLNG) production facility, aimed...
May 02, 2023 (Gmt+09:00)
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Robotics
S.Korea’s Doosan to supply robots to Rockwell Automation
South Korea’s plant and machinery powerhouse Doosan Group has joined hands with North America’s top industrial automation solution provi...
Apr 30, 2023 (Gmt+09:00)
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Korean games
Will Night Crows be Korean game developer WeMade’s savior?
WeMade Co. on Thursday officially launched Night Crows, a new massively multiplayer online roleplaying game (MMORPG), in South Korea as the major do...
Apr 28, 2023 (Gmt+09:00)
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Shipping & Shipbuilding
S.Korea’s four firms to develop domestic tech for carbon capture
South Korea's shipbuilding and shipping companies, including HMM Co., Samsung Heavy Industries, marine equipment manufacturer Panasia and the ship i...
Apr 28, 2023 (Gmt+09:00)
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Korean games
DevSisters starts pre-booking Cookie Run: Kingdom in China
South Korean game developer DevSisters Corp. announced on Friday that its globally popular mobile game "Cookie Run: Kingdom" has opened pre-registra...
Apr 28, 2023 (Gmt+09:00)
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Hydrogen economy
S.Korea's IBS develops floatable photocatalytic platform
The Institute for Basic Science (IBS) in South Korea has developed a new floatable photocatalytic platform that can produce green hydrog...
Apr 28, 2023 (Gmt+09:00)
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Mergers & Acquisitions
PwC’s S.Korean member to focus on SE Asia acquisition deals
Samil PricewaterhouseCoopers, the South Korean member firm of global accounting industry leader PwC, aims to focus on overseas acquisition deals of ...
Apr 28, 2023 (Gmt+09:00)
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Energy
Doosan Enerbility secures place on US market for SMR
South Korea's heavy industry company Doosan Enerbility Co. on Thursday said it discussed on Tuesday cooperation in areas like hydrogen production us...
Apr 28, 2023 (Gmt+09:00)
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Bio & Pharma
Daewoong to transfer techs for autoimmune disease to US pharma
South Korea's Daewoong Pharmaceutical announced on Friday that it has signed a technology export contract for the clinical development and commercia...
Apr 28, 2023 (Gmt+09:00)
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Korean startups
S.Korea to support exports of 100 SMEs in metaverse, XR industry
South Korea's Ministry of Science and ICT announced on Thursday that it will support the export of 100 small- and medium-sized enterprises (SMEs) in...
Apr 27, 2023 (Gmt+09:00)
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Waste management
Kolmar Korea develops eco-friendly paper stick for cosmetic
Kolmar Korea, a supplier to global cosmetics brands such as Estee Lauder, has unveiled a new paper stick container made from mineral paper that is c...
Apr 27, 2023 (Gmt+09:00)
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Artificial intelligence
SK Telecom, Golfzon develop AI golf platform
An artificial intelligence platform in South Korea has produced a golfing coach that analyzes and diagnoses problems in swing posture and recommends...
Apr 27, 2023 (Gmt+09:00)
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Economy
Chinese weak domestic demand causes S.Korean trade deficit: report
The Korea International Trade Association (KITA) has urged South Korea to develop a strategy to strengthen exports to China based on its market situ...
Apr 27, 2023 (Gmt+09:00)
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Food & Beverage
Dongwon Group drops bid to take over McDonald’s Korea
Dongwon Group has canceled its bid to take over McDonald's franchise in South Korea."We reviewed the takeover of McDonald's Korea but our conclusion...
Apr 27, 2023 (Gmt+09:00)
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Economy
S.Korea’s 20-somethings tighten belts due to high interest rates: report
The decline in consumption by 20-somethings due to benchmark interest rate hikes is over eight times greater than those in their 60s.Analysts blame ...
Apr 27, 2023 (Gmt+09:00)
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Batteries
Kolon Industries to move into secondary battery recycling market
Kolon Industries Inc., a South Korean chemical and textile manufacturing company, is entering the secondary battery recycling market. The company an...
Apr 26, 2023 (Gmt+09:00)
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Aerospace & Defense
S.Korea, Airbus plan to open domestic tech research center
South Korea and European aircraft maker Airbus Group will open a technology research center in the country and discuss boosting cooperation in suppl...
Apr 26, 2023 (Gmt+09:00)
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Energy
SK, KHNP partner with TerraPower for SMR development
SK Inc., SK Innovation Co. are partnering with Korea Hydro & Nuclear Power Co. (KHNP) and TerraPower, a US small modular reactor (SMR) des...
Apr 26, 2023 (Gmt+09:00)
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Tech, Media & Telecom
KT, Eluon aim to use domestic equipment for 5G network
South Korea's KT Corp. on Tuesday said it developed a small cell gateway with partner and tech startup Eluon.The small cell gateway is a system that...
Apr 26, 2023 (Gmt+09:00)
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K-pop
BTS Forest created in Seoul by fans' donations
“BTS Forest” has been created in Seoul’s Nanji Hangang Park, South Korea’s largest music streaming service Melon announced o...
Apr 26, 2023 (Gmt+09:00)
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Bio & Pharma
CG Bio establishes US corporation to develop tissue products
South Korean bio-regenerative medical firm CG Bio has launched a new US corporation CG MedTech, to focus on the development and marketing of tissue ...
Apr 25, 2023 (Gmt+09:00)
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Earnings
Hyundai Motor to pay quarterly dividends with record Q1 profit
Hyundai Motor Co. on Tuesday reported its largest-ever quarterly profit, which soared a whopping 86.3% from a year earlier, while unveiling a plan t...
Apr 25, 2023 (Gmt+09:00)
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Earnings
S.Korea’s Woori Financial profit up on interest rate margins
Woori Financial Group, South Korea’s fourth-largest financial holding company, logged growth in a quarterly net profit as larger interest rate...
Apr 25, 2023 (Gmt+09:00)
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Shipping & Shipbuilding
S.Korea launches foreign worker quota exclusively for shipbuilding sector
South Korea will set a separate quota of 5,000 foreign workers to solve the labor shortage in domestic shipbuilding and accept 120,000 such workers ...
Apr 25, 2023 (Gmt+09:00)
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Artificial intelligence
SK Telecom invests $11 mn in AI startup Scatter Lab
South Korea's SK Telecom Co. announced on Monday a strategic partnership with Scatter Lab, the creator of the AI agent "Luda Lee," following a 15 bi...
Apr 24, 2023 (Gmt+09:00)
Latest News
- 1 LG Electronics' Indian unit logs highest first-half sales
- 2 SK Hynix’s turnaround gains traction from US, China
- 3 Samsung's financial arms beat No.1 banking group KB in profit
- 4 Korea’s airlines plagued by elevated fuel costs, strong dollar
- 5 LG Uplus offers Korean Air gift cards to 5G subscribers