Korean industries upbeat on partnership in chip, materials sectors

SK Bioscience signed a contract manufacturing agreement with MSD to produce the latter’s next-generation Zaire ebolavirus vaccine candidate, the company said Monday. MSD is developing a next-generation Zaire Ebola vaccine candidate with Hilleman Laboratories to improve the production efficiency and thermal stability of the existing Zaire Ebola vaccine, Ervebo, which was approved in 2019. The de...

Amid the generally sluggish business results of the Korean beauty industry during the first quarter, market analysts provided contrasting second quarter expectations for leading beauty giants LG Household & Health Care and Amorepacific. While the former's prospects appear dim, the latter is expected to rebound with the company's aggressive expansion of sales of its flagship brand Sulwhasoo, said ...

KB Financial Group hosted its "Cocktail Reception" on Thursday at the Sheraton Grand Incheon with key players in the global financial industry. The event showcased the Korean company's businesses and growth strategies while exploring potential opportunities for collaboration. The reception also served to commemorate the 56th Annual Meeting of the Asian Development Bank, which took place in Inche...

South Korean internet giant Naver will unveil HyperClova X, its hyperscale artificial intelligence platform, which boasts greater Korean language skills than its US rival, OpenAI's ChatGPT, this summer to upgrade its services overall. “Based on HyperClova, which has the third-largest Korean language training volume in the world and the first in Korea, we’ll unveil a HyperClova X service that is ...

SK Innovation, SK IE Technology invest in gas-separating technology developer Airrane

Surge in exports to increase nation’s GDP by 0.3% by 2027

Hana Financial Group said Monday it has signed a memorandum of understanding with Taiwan’s banking giant, CTBC Bank, to seek business expansion in overseas markets. Under the new partnership, Hana and CTBC plan to support their overseas branches to expand businesses and optimize profits, as well as to discover new business opportunities together in various fields, including corporate finance and...

South Korean cable maker LS Cable & System said Monday it had won an order worth 2 trillion won ($1.5 billion) as part of the largest-ever transmission network project launched by Dutch state-run grid operator. The Korean firm is forming a consortium together with Belgian construction companies Jan De Nul and Denys to secure the deal. The project aims to connect a North Sea offshore wind farm w...

South Korean internet portal giant Naver Corp. said Monday its net profit plunged 71.2 percent in the first quarter from a year earlier due to an accounting loss stemming from an economic slowdown. Its net income reached 43.7 billion won ($33 million) on a consolidated basis in the January-March period from 151.4 billion won during the same period of last year, the company said in a regulatory f...

Nara Space looking to become S. Korea’s first system integration company to put small satellite into orbit

South Korea, Japan agree to cooperate on bolstering chip, materials, parts and equipment industries

Rep. Yang Hyang-ja, head of the ruling People Power Party's special committee on semiconductors, said Korea should safeguard its chip supremacy in overseas markets, arguing that technology is a matter of sovereignty. “It is a history of overcoming contradictions that Korea has maintained the world's No. 1 player in the memory chip industry for 30 years. ... In the meantime, the information revol...

The number of female employees who are in their 30s has increased by around 110,000 from a year ago, while that of male workers in the same age group has declined by some 80,000, according to government data, Sunday. According to Statistics Korea and Microdata Integrated Service, the number of female workers who are aged 30-39 reached 2.17 million, up 108,000 from a year ago. The figure for male...

JEJU, Jeju Island -- Amid the booming market for electric vehicles, demand for car maintenance and diagnostics services has been on the rise to prevent fatal accidents on the roads. In a move to offer enhanced diagnostic technology for EV failure and repair, the Jeju Island unit of the state-run Korea Institute of Industrial Technology demonstrated a test that collects data from driving electric...