Korea Aerospace Industries (KAI) aims to develop its indigenous transport and multipurpose aircraft for the South Korea military, the MilitaryLeak reported on May 16.KAI has reached a consensus with the South Korea Defense Acquisition Program Administration (DAPA) on the need to develop transport an
Samsung Electronics announced the Galaxy Tab S7 FE and Galaxy Tab A7 Lite, the latest additions to its tablet portfolio, on May 27.The Galaxy Tab S7 FE brings fan-favorite features from the Galaxy Tab S7, including a large display for entertainment, creative work, and multi-tasking. And for those lo
LG Electronics announced on May 27 that its 2021 Life’s Good campaign will consist of two exciting components: Life’s Good Music Project in collaboration with acclaimed singer, songwriter and producer Charlie Puth and the Life’s Good Film, to be directed by rising star Jackson Tisi.LG’s Life’s Good
SK Global Chemical announced on May 25 that it has become the first in the global petrochemical industry to receive the highest rating AAA according to the GRP (Guidelines for Reducing Plastic Waste & Sustainable Ocean and Climate Action Acceleration) certified by UN in recognition for its eco-frien
Many people ponder the life they pursue as they live. Among them, I think the thing that comes to mind first is how to live—and how to live well, in good health.No one knows how long the global COVID-19 will continue in Korea and in the world.During such a period of difficulty, the Korea Mask Indust
Korean Federation of Community Credit Cooperatives (KFCC), which overcame the COVID-19 crisis last year and achieved a total asset of 200 trillion won, announced that it will set up a long-range future plan through constant innovation.The key is digital finance innovation and strengthening social co
Hyundai Motor Company on May 25 released images of its newly upgraded XCIENT Fuel Cell, the world’s first mass-produced, heavy-duty truck powered by hydrogen.With design and performance updates, Hyundai’s zero-emission heavy-duty vehicle will become even more attractive to corporate fleet customers
SK hynix has received unconditional clearance from the European Commission for its proposed acquisition of Intel’s NAND and SSD business.This follows approval from the U.S. Federal Trade Commission last year, and approval from the Committee on Foreign Investment in the United States (CFIUS) this Mar
SK Innovation announced on May 20 (U.S. local time) that SK Innovation and Ford have signed a memorandum of understanding (MOU) to create a joint venture – to be called BlueOvalSK – to produce approximately 60 GWh annually in traction battery cells and array modules, starting mid-decade, with potent
SK Innovation’s sales in the first quarter of 2021 reached 9239.8 billion won, up 1562.2 billion won from the previous quarter, due to a rise in prices of oil and petrochemical products.The company has made a successful turnaround, recording an operating profit of 502.5 billion won in the first quar
Kia Corp. signs a memorandum of understanding (MOU) with Cycle & Carriage to transform customer experience from offline to online.Kia has agreed with Cycle & Carriage, Singapore’s leading automotive group, to digitize and enhance customer experiences in Singapore.Under the agreement, Kia and Cycle &
LG Chem announced on May 11 that it will invest 150 billion KRW as a core investor (Anchor Limited Partner) of the KBE (Korea Battery & ESG) Fund managed by the domestic private equity fund management company, IMM Credit Solution.This is the first time that LG Chem will invest as a core investor for
Samsung Electronics announced on May 13 that it will increase its investments in the System LSI and Foundry businesses through 2030 to a total of 171 trillion won, to accelerate research of cutting-edge semiconductor process technology and construction of a new production facility. The plan represen
The Seoul-Yangpyeong Expressway, a major pending issue for Yangpyeong-gun(county) and a key issue for future regional development, has gained initial approval of government. The Ministry of Economy and Finance held a financial project evaluation committee at the Sejong City Government Complex and pa
Director Noh Dong-hoon, who runs Healthcare Carnation Nursing Hospital combined with the Fourth Industrial Revolution, is pioneering a new stage for the medical community in this era and transforming into a low-cost, high-efficiency market in an era of change.1. CEO, please explain the details of th
April 22 every year is observed as “Earth Day” in Korea. It was enacted by environmentalists at the private level to raise awareness of the environmental pollution on the Earth. Since 2009, Koreans have been reminded of the seriousness of climate change and the need for a low-carbon life. SF movies
Hyundai Motor launched its new STARIA multi-purpose vehicle (MPV) lineup via a digital world premiere on April 13, establishing a model for its future Purpose Built Vehicles (PBVs). STARIA will go on sale in select markets starting from the second half of 2021.STARIA’s debut furthers Hyundai Motor’s
LG Chem has been making a strong push for its penetration into Chinese markets by introducing eco-friendly materials and technologies, such as recyclable plastic, bio-degradable plastic, bio-material based plastic, etc.LG Chem announced on April 13 that it will participate in CHINAPLAS 2021, which w
Samsung Electronics announced the official launch of Galaxy SmartTag+ on April 8, which is available starting from April 16.Galaxy SmartTag+ is equipped with both Bluetooth Low Energy (BLE) and ultra-wideband (UWB) technology so that it can pinpoint the location with greater accuracy, the company sa
LG Electronics on April 7 announced its preliminary earnings results for the first quarter of 2021.LG reported tentative consolidated revenues of 18.8 trillion won in the first quarter of 2021 with an operating profit of 1.5 trillion won. Revenue and operating profit increased 27.7 percent and 39.2