Zyx Technology, Seoul National University sign MOU to support landscape design education

Zyx Technology, a Korean AI digital design platform company, signed a memorandum of understanding with the Department of Landscape Architecture and Regional System Engineering at Seoul National University’s College of Agriculture and Life Sciences on June 10. The signing ceremony was held at the university’s Seoul campus, with Vice Dean Heo Jin-hoe of the College of Agriculture and Life Sciences, Zyx Technology Chairman Choi Jong-bok, and other key officials. As part of the agreement, Zyx Techno

June 16, 2025

LG Chem, Noritake develop heat-resistant chip adhesive for EVs

LG Chem, a leading chemical company under LG Group, said Monday that it jointly developed a silver paste with Japan’s Noritake for use in silicon carbide automotive power semiconductors, specifically for bonding chips to substrates. Noritake, an expert in precision ceramics, supplies materials and equipment to the semiconductor and automotive sectors. Demand for semiconductors capable of handling high voltages and currents is growing with the rise of electric vehicles and autonomous driving tech

June 16, 2025

Kakao to build W600b data center in Namyangju

South Korean internet giant Kakao announced Friday that it would build a 600 billion won ($438.9 million) data center in Namyangju, Gyeonggi Province, marking a major investment aimed at expanding its AI infrastructure. The agreement was formalized during a memorandum of understanding signing ceremony held at the Gyeonggi Provincial Government office, attended by Kakao CEO Chung Shin-a, Gyeonggi Province Gov. Kim Dong-yeon and other officials. Under the MOU, Kakao will invest approximately 600 b

June 13, 2025

LG Chem sells water solutions business to Glenwood PE for W1.4tr

LG Chem, a leading chemical company under LG Group, said Friday it has decided to sell its water solution business to Glenwood Private Equity for 1.4 trillion won ($1 billion), as part of the company's effort to streamline operations and focus on its key businesses. In a regulatory filing, LG Chem said its board approved the sale of the water solutions business unit, which is under the company's advanced materials division, to Korea Water Solution Holdings, a special purpose company established

June 13, 2025

ENVEX 2025 spotlights Korea’s green tech leadership

The Ministry of Environment and the Korea Environmental Conservation Institute are hosting the 46th International Exhibition on Environmental Technology & Green Energy this week in Seoul, highlighting Korea’s leadership in green innovation and environmental solutions. First held in 1979, ENVEX is Korea’s longest-running annual environmental trade show and continues to serve as a vital platform for promoting sustainable technologies developed by small and medium-sized enterprises. This year’s eve

June 12, 2025

LS Electric, Spain’s Power Electronics partner to expand in North American energy market

LS Electric, a Korean producer of power solutions, announced Thursday that it signed a memorandum of understanding with Power Electrics, a specialist in power conversion systems, ramping its efforts to penetrate the North American power market. The agreement was signed at Power Electronics’ headquarters in Valencia, Spain, and marks a strategic collaboration focused on the supply of key power equipment, including transformers for energy storage systems. Executives from both companies, including

June 12, 2025

Daewoong partners with Sweden’s Salipro to boost drug discovery

Daewoong Pharmaceutical on Wednesday announced a strategic research partnership with Swedish biotech company Salipro Biotech to jointly develop next-generation therapeutics targeting membrane proteins. Under the agreement, Salipro will provide Daewoong access to its proprietary Salipro Platform, a technology that stabilizes membrane proteins in a near-native environment, making them more accessible for drug discovery. Membrane proteins are involved in essential cellular functions and account for

June 11, 2025

Gangnam Women’s Hospital advances stem cell therapy for interstitial cystitis

Gangnam Women’s Hospital has been developing advanced treatments for interstitial cystitis, focusing on stem cell therapy over the past two years, with positive results in symptom relief and quality of life, it said on Tuesday. Interstitial cystitis, which affects about 2.7 percent of women according to the Journal of Urology (2014), is characterized by recurring bladder pain, pelvic discomfort and urinary urgency without infection. Nearly 90 percent of IC patients are female, according to the K

June 10, 2025

Hanwha wins US approval to acquire full stake in Austal

Hanwha Group said Tuesday it has received approval from the US government to acquire up to 100 percent of shares in Austal Limited, a global maritime defense company headquartered in Australia. The clearance was granted on Friday by the Committee on Foreign Investment in the United States, the US agency responsible for reviewing the national security implications of foreign investments. Although Hanwha initially sought to increase its stake in Austal from 9.9 percent to 19.9 percent, the US gove

June 10, 2025

Digital gifting was convenient — until it started to feel like new social obligation

Twenty-three-year-old Kim begins her day the way many young Koreans do — by checking her phone. As she scrolls through unread messages on the messenger app KakaoTalk, a small gift icon appears next to an old classmate’s profile. It’s his birthday. Kim hesitates. They haven’t spoken in over a year, but she remembers he sent her a delivery food coupon last fall. After a moment of deliberation, she returns the gesture with a Starbucks "gifticon" of equal value. That tiny icon, built into Korea’s mo

June 10, 2025