building information modeling
Scope
Date
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Artificial intelligence
Does Google Bard in Korean pose any risk to Naver, Kakao?
MOUNTAIN VIEW, California – Global tech giant Google on Wednesday unveiled an upgraded version of Bard, its generative artificial intelligence...
May 12, 2023 (Gmt+09:00)
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Electric vehicles
Hyundai to invest $2.45 bn in India, eyes spot in global EV top 3
South Korea’s top automaker Hyundai Motor Co. will invest 200 billion rupees ($2.45 billion) in the Indian state of Tamil Nadu over the next d...
May 12, 2023 (Gmt+09:00)
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Robotics
Hyundai, IGIS sign deal to develop robot-friendly buildings
Hyundai Motor Group said on Tuesday that it has signed a business agreement with IGIS Asset Management Co., the largest real estate investment firm ...
May 09, 2023 (Gmt+09:00)
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Batteries
SK Ecoplant to build waste EV battery recycling plant in China
South Korea's SK Ecoplant Co. will build a recycling facility for electric vehicle (EV) waste batteries in the eastern Chinese province of Jiangsu, ...
May 08, 2023 (Gmt+09:00)
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Electronics
Samsung to unveil new foldables in July to boost Q3 profit
Samsung Electronics Co. is set to unveil fifth-generation of its foldable smartphones at the end of July, about two weeks earlier than it had showca...
May 05, 2023 (Gmt+09:00)
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Energy
NuScale to build Korea’s first SMR in Uljin, home to native Korean reactors
NuScale Power Corp. is expected to build its first small modular reactor (SMR) plant in South Korea in Uljin, already home to Korean native nuclear ...
May 04, 2023 (Gmt+09:00)
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Batteries
POSCO, Huayou to expand ties for battery precursors
POSCO Future M Co., formerly known as POSCO Chemical Co., on Wednesday signed a preliminary agreement with China’s Zhejiang Huayou Cobalt Co. ...
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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Bio & Pharma
Daewoong Pharma to build third botulinum toxin plant for $746 mn
South Korea’s Daewoong Pharmaceutical next year will open a third plant to greatly expand annual output of its botulinum toxin Nabota at a cos...
May 03, 2023 (Gmt+09:00)
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Energy
NuScale in talks to build SMR plant in S.Korea: NuScale CEO
NuScale Power Corp., the world’s leading small modular reactor (SMR) developer, may land in South Korea sooner than its rivals with its unriva...
May 01, 2023 (Gmt+09:00)
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Private equity
KKR to buy Namsan Green Building in Seoul for $186.7 million
KKR & Co. Inc. has agreed to buy Namsan Green Building in a central office district in Seoul for an estimated 250 billion won ($186.7 million).T...
Apr 28, 2023 (Gmt+09:00)
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Carbon neutrality
Korea’s SK Gas to invest $1.5 bn toward carbon neutrality by 2026
ULSAN – SK Gas Ltd. South Korea’s leading liquefied petroleum gas (LPG) supplier, is set to spend $1.5 billion on liquefied natural gas ...
Apr 27, 2023 (Gmt+09:00)
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Earnings
Kia expects stellar Q2 after reporting record operating profit in Q1
Kia Corp., the smaller sibling of South Korea’s largest automaker Hyundai Motor Co., presented a rosy earnings outlook for the second quarter ...
Apr 26, 2023 (Gmt+09:00)
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Batteries
LGES to build pouch-type long-cell battery mother factory at $449 mn
LG Energy Solution Ltd. will add a new mother factory to its Ochang manufacturing complex, as part of its plan to turn the home manufacturing site i...
Apr 25, 2023 (Gmt+09:00)
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Energy
KHNP closes in on final deal to build nuclear plant in Poland: PGE CEO
Korea Hydro and Nuclear Power Co. (KHNP) and its counterparts are now in a situation where most conditions have been met to allow them to sign a bin...
Apr 24, 2023 (Gmt+09:00)
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Tech, Media & Telecom
KT launches AI-enabled freight info service Brokarry 2.0
Lolab Co. Ltd., KT's digital logistics subsidiary, released its Brokarry 2.0 freight brokerage and transportation service, which incorporates artifi...
Apr 24, 2023 (Gmt+09:00)
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Electric vehicles
Hyundai ties up with LG, SK for $5.3 bn US EV cell plants
Hyundai Motor Group, the leading South Korean automaker, has joined hands with LG Energy Solution Ltd. and its smaller rival SK On Co. to build elec...
Apr 21, 2023 (Gmt+09:00)
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Tech, Media & Telecom
POSCO, three telcos to build communication systems against disasters
South Korean steel giant POSCO said on Friday that it has signed a memorandum of understanding (MOU) with three domestic telecommunications companie...
Apr 21, 2023 (Gmt+09:00)
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Energy
Samsung Heavy forms int'l consortium to make nuclear plants at sea
South Korea's Samsung Heavy Industries (SHI) and Korea Hydro & Nuclear Power (KHNP) and Denmark's Seaborg Technologies on Friday announced their...
Apr 21, 2023 (Gmt+09:00)
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Batteries
S.Korea to inject $15 bn in rechargeable battery sector by 2030
South Korea will invest 20 trillion won ($15.1 billion) in the rechargeable battery sector by 2030 to widen its technology gap with global competito...
Apr 20, 2023 (Gmt+09:00)
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Future mobility
Hyundai Motor to develop lunar exploration mobility Rover
Hyundai Motor Group is developing the lunar exploration mobility vehicle Rover in expanding its mobility scope to space as well as land, sea and air...
Apr 20, 2023 (Gmt+09:00)
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Steel
POSCO mulls $3.3 bn investment in industrial cluster by 2033
South Korean steel giant POSCO Group said on Wednesday it will consider investing 4.4 trillion won ($3.3 billion) in the state-run industrial comple...
Apr 19, 2023 (Gmt+09:00)
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Business & Politics
S.Korea’s five major companies form data network alliance
South Korea's five major companies have joined forces to make a combined data product that consolidates their respective information, ranging from c...
Apr 19, 2023 (Gmt+09:00)
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Electric vehicles
Hyundai Motor seeks remedies after GV70 exclusion from US subsidies
Hyundai Motor Co. is seeking various ways to make its electric vehicles sold in the US qualify for tax credits after its Electrified GV70 was denied...
Apr 18, 2023 (Gmt+09:00)
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Food & Beverage
Orion’s Turtle Chips launches in Vietnam, India
South Korea's confectionary giant Orion Corp. is launching its popular snack "Kkobuk Chip" in Vietnam and India. Orion announced on Monday that it h...
Apr 17, 2023 (Gmt+09:00)
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Automobiles
Hyundai Motor, Kia aim to expand in China through Shanghai Auto Show
Hyundai Motor Co. and Kia Corp., both struggling in China, are aiming for a turnaround there by introducing over 30 new vehicles including those tai...
Apr 17, 2023 (Gmt+09:00)
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Batteries
LG Chem, China’s Huayou Cobalt to build $923 million precursor plant
South Korea’s top chemicals company LG Chem Ltd. and its Chinese partner Zhejiang Huayou Cobalt Co. will launch a 1.2 trillion won ($923 milli...
Apr 14, 2023 (Gmt+09:00)
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Artificial intelligence
S.Korea plans to make digital platform gov't based on large-scale AI
South Korean government is pursuing various measures to nurture talent as a way to secure national competitiveness in the AI industry as represented...
Apr 14, 2023 (Gmt+09:00)
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Artificial intelligence
Naver launches image-generating platform Lasco AI
Naver Corp., South Korea’s dominant online platform, has ventured into the image-generative artificial intelligence market, challenging its ar...
Apr 13, 2023 (Gmt+09:00)
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Electric vehicles
Tesla Korea’s profit, sales fall on new subsidy plans, lack of models
Tesla Inc.’s South Korean business has been worsening in recent months due to the lack of new models launched in the country amid Seoul’...
Apr 12, 2023 (Gmt+09:00)
Latest News
- 1 Lee Jae-myung to meet with top business leaders this week ahead of G7 summit
- 2 Korea to allow non-profits to buy bad consumer loans
- 3 LG to drive future growth in emerging markets with battery prowess
- 4 South Korean President Lee, Japanese Prime Minister Ishiba seek closer ties
- 5 Naver Ventures to plant flag in Silicon Valley with TwelveLabs bet