LG Electronics held its press conference, LG World Premiere, at the Mandalay Bay Convention Center in Las Vegas, Nevada, USA on Jan. 4, 2023. Under the theme of Life’s Good, CEO William Cho shared the company’s continuous efforts to create innovation for a better life and ensure a sustainable future

Trade, Industry and Energy Minister Lee Chang-yang visited the LG Chem’s Osong plant on January 3 to assess recent domestic and international bioindustry trends and discuss measures to strengthen Korea’s competitiveness.Minister Lee received a briefing from the company’s President Son Jee-woong on c

The global wine and spirits company Pernod Ricard Group announced that its premium vodka, ‘Absolut Vodka’ will move to a partially hydrogen energy-fired glass furnace as the first ever in the spirits industry to produce low-carbon glass bottles. This counts as a significant step towards carbon neutr

Samsung Electronics announced the launch of Samsung Newsroom Uzbekistan, which will serve as the official news source of Samsung Electronics for local media and consumers in the Republic of Uzbekistan, on Dec. 28, 2022.The new online newsroom will inform readers about the company’s latest news, Sams

Hyundai Motor unveiled an EV-derived, futuristic design for its new generation KONA subcompact SUV on Dec. 20. The upscaled model will be available in four variants, including all-electric (EV), hybrid electric (HEV), internal combustion engine (ICE) and sporty N Line, with a universal architecture

SK Group will unveil its “EV ecosystem”, which comprises the world’s thinnest copper foil for secondary batteries (4 ㎛) and an EV battery that drives 400 km on a single charge at the upcoming CES 2023, the group said on Dec. 29.“Mobility” has been chosen as one of the main themes at CES 2023, the wo

LG Electronics is set to introduce a new line of minimalist-design appliances, including a washer and dryer, at CES 2023. Taking a ‘back to basics’ approach, the new range focuses on the essence of each appliance, removing all unnecessary design elements to deliver a timeless, minimalist aesthetic.T

LG Chem will team up with Jae Young Tech to accelerate its entry into the North American battery recycling market. LG Chem announced on Dec. 21 that it entered an equity investment agreement worth 24 billion won with the waste battery recycling company, Jae Young Tech, at the LG Twin Towers in Yeoui

The Korea International Trade Association (KITA) organized the “Opportunities and Challenges of Digital Trade Conference 2022” at COEX in Samseong-dong on Dec. 21.Experts from international economic organizations, universities from home and abroad, research institutions, digital trade experts affili

Samsung Electronics announced the development of its 16-gigabit (Gb) DDR5 DRAM built using the industry’s first 12-nanometer (nm)-class process technology on Dec. 21, as well as the completion of product evaluation for compatibility with AMD.“Our 12nm-range DRAM will be a key enabler in driving mark

ABSOLUT, a premium vodka representing Pernod Ricard Korea, announces the launching of its new brand campaign, ‘WORLD OF ABSOLUT COCKTAILS’.The World of Absolut Cocktails is designed to inspire people who are open-minded, optimistic, and driven by curiosity of all ages 20+ and backgrounds to come tog

LG Electronics announced on Dec. 16 that it will be making an in-person return to CES®, operating a physical exhibition booth and holding its LG World Premiere press conference on the ground in Las Vegas this January. The press conference, themed ‘Life’s Good,’ is scheduled to get under way at on Ja

POSCO Holdings won the ‘Open Innovation Challenger Award’ at the 2022 CSS Awards hosted by the ICC (International Chamber of Commerce) on Dec. 6.The CSS Awards began with the European Commission’s ‘Corporate Startup Star Award’ in 2016. It is given to companies that have performed the best activitie

SK Innovation and SungEel HiTech signed a memorandum of understanding (MOU) to establish a joint venture for battery metal recycling to take lead in the market.On December 13, the two companies decided to collaborate in a business of recovering lithium, nickel, cobalt, manganese, and other cathode m

The Ministry of Trade, Industry and Energy(MOTIE) said that it held a ceremony to commemorate the completion of Shinhanul Unit 1 reactor at the Shinhanul nuclear power plant site in Uljin, Gyeongsangbuk-do, inviting local residents and domestic and foreign nuclear industry officials on Dec. 14.More

LS Cable & System announced on Dec. 12 that it will supply 400 billion won worth of HVDC cables to the Vanguard Wind Power Complex in the North Sea, the Britain.It is the largest supply contract ever won by a domestic wire company in Europe.LS Cable & System said on Dec. 9 that it has signed a contr

SK On, a leading electric vehicle (EV) battery manufacturer, announced on Dec. 6 that its joint venture (JV) with Ford Motor held a groundbreaking ceremony for an EV battery manufacturing mega campus in the United States as it embarks on steps to expand leadership in the global EV market.On Dec 5 (E

Swedish Chamber of Commerce in Korea (SCCK) and Korea Trade-Investment Promotion Agency (KOTRA), supported by 17 foreign chambers in Korea, held the 1-year Anniversary Business Forum at Lotte Hotel in Sogong-dong, Seoul on Dec. 8.The business forum, titled the "Secrets of Korean Economic Miracle and

By Chief Editorial Writer Choe Nam-sukA teaser event of the world's largest shoe exhibition, MICAM Milano, was successfully completed on December 5 amidst the interest of many people.MICAM is a global shoe exhibition jointly organized by the Italian Trade Corporation and the Italian Shoe Association

Youngone Corp. announced on Nov. 29 that it conducted regular personnel reshuffle, including the promotion of CEO Sung Rae-eun to the group's vice chairman.Vice Chairman Sung Rae-eun is the second daughter of Sung Ki-hak, chairman of Youngone Holdings.Vice Chairman Sung's promotion came six years af