LS Electric is strengthening its position in North America’s AI data center power infrastructure market, with cumulative orders from U.S. power company Bloom Energy surpassing $500 million in approximately 18 months.The South Korean power equipment maker announced on October 13 that it had signed a contract worth $138.46 million (approximately KRW 185.3 billion) to supply switchgear and distribution transformers to Bloom Energy.Under the agreement, LS Electric will provide 38-kilovolt high-volta

Aston Science, a clinical-stage cancer vaccine developer, announced on October 12 that the U.S. Food and Drug Administration (FDA) had granted Fast Track designation to AST-301, its investigational HER2-targeted cancer therapeutic vaccine, for the treatment of HER2-expressing gastric cancer. The designation comes approximately four months after AST-301 received orphan drug designation in June.Fast Track is designed to facilitate the development of medicines for serious conditions with unmet medi

Hyosung Chemical is expanding the potential applications of its high-performance plastic, POKETONE, into humanoid robot components as it seeks new business opportunities in Europe.The company is participating in FAKUMA 2026, an international plastics processing trade fair held in Friedrichshafen, Germany, from October 12 to 16.Under the theme of automotive, robotics and medical applications, Hyosung Chemical is showcasing POKETONE-based automotive connectors, gears, drive components and medical

Kyungdong Navien is strengthening its presence in North America with the opening of Innovation Centers and Training Academies in New Jersey and Irvine, California, establishing technical hubs on both the East and West coasts as it accelerates its expansion into the U.S. heating, ventilation and air conditioning (HVAC) market.The South Korean heating and energy solutions company plans to use the facilities to develop products tailored to local housing conditions, improve technical support and qua

LG Electronics is stepping up its expansion into North America’s premium home appliance market as its flagship luxury brand, LG SIGNATURE, marks the 10th anniversary of its U.S. debut. The company is broadening its product portfolio, introducing differentiated design options and expanding retail access as it seeks to capture growing demand for high-end and built-in appliances.LG Electronics said on Oct. 11 that it held a gala at the Guggenheim Museum in New York on Oct. 8 local time to celebrate

SK Group Chairman Chey Tae-won visited a proposed semiconductor complex site in Jeonnam-Gwangju Integrated Special City on October 9, pledging to accelerate development of a semiconductor cluster in the Honam region of southwestern Korea. He said semiconductor demand was rising faster than expected and that bringing forward the full completion of the Yongin semiconductor cluster by 12 years might still be insufficient. Chey raised the possibility of building fabs simultaneously in Yongin and Jeo

Samsung Electro-Mechanics is strengthening its position in the rapidly expanding AI infrastructure market after securing a major long-term supply agreement for multilayer ceramic capacitors (MLCCs) used in AI servers.The South Korean electronic components maker said Tuesday that it has signed a contract worth approximately 290 billion won ($200 million) with a major global customer. The agreement covers supplies from January through December 2027.The deal marks the company’s sixth long-term supp

Doosan Robotics is stepping up efforts to develop intelligent collaborative robots powered by homegrown AI semiconductors, aiming to bring physical AI into advanced manufacturing environments ranging from nuclear power to defense and biotechnology.The company said on Oct. 6 that two of its proposals

Moldova rose eight places to 82nd in StartupBlink’s 2026 Global Startup Ecosystem Index, according to an announcement issued by Startup Moldova Foundation in Chișinău on October 5. The country’s population-adjusted ecosystem score increased by 91.9% between the 2025 and 2026 editions, the highest in

LG Uplus is expanding its AI subscription business through a partnership with global subscription technology company Bango, aiming to bring overseas AI and digital content services to Korean consumers through its subscription platform Youdok.The Korean telecom operator said on Oct. 6 that it will wo

San Francisco-based AI company Use.ai said on October 1, 2026, that it had surpassed one million monthly active users less than a year after launch. Its workspace provides access to more than 10 AI models, including GPT, Claude, Gemini, Grok and DeepSeek. Users can switch models within a conversatio

New York-based finance technology company Maximor said on October 1, 2026, that it had changed its name to Hyphenate as it expanded its platform across the office of the chief financial officer. The company reported that revenue grew 86-fold over the past 12 months. It did not disclose the revenue f

Ascerta’s co-founders. The company, formerly known as Pay-i, has raised $18 million in Series A funding to expand its platform for measuring AI costs, adoption and business value. / Courtesy of AscertaAscerta, formerly known as Pay-i, announced in Bellevue, Washington, on September 30, 2026, that it

LG Uplus is accelerating its push into the enterprise AI contact center market by combining its own customer service operations with artificial intelligence, aiming to build an “AI-Native Contact Center” with virtually no customer wait times by 2030.The Korean telecommunications company unveiled its

LG CNS is expanding its presence in the global artificial intelligence (AI) infrastructure market with modular data centers designed to address growing demand for faster deployment, high-density computing and scalable infrastructure.The company showcased its next-generation AI infrastructure solutio

Samsung Electro-Mechanics is expanding its presence in the fast-growing AI server component market after securing a long-term supply agreement worth about 290 billion won ($200 million) with a major global company.The Korean electronic components maker said Monday that the agreement covers multilaye

SK hynix is expanding its collaboration with TSMC in next-generation AI memory and advanced packaging, extending its technology roadmap beyond HBM4 to HBM5 as demand for high-performance memory continues to grow alongside large-scale AI infrastructure.The company participated in the TSMC Open Innova

HS Hyosung is set to establish an advanced materials production base in Mexico as part of efforts to strengthen its local manufacturing capabilities and expand its presence in the North American market.HS Hyosung said it signed a memorandum of understanding with the government of the Mexican state o

Samsung SDS is accelerating its enterprise artificial intelligence transformation (AX) business by combining partnerships with global AI companies with its own cloud infrastructure and AI platforms. The company is also extending its AI capabilities beyond the private sector into public and defense p

Daewoong Pharmaceutical is expanding its use of artificial intelligence (AI) beyond drug discovery into pharmaceutical formulation design, leading a South Korean government-funded project to develop a platform that identifies optimal drug formulations based on desired pharmacokinetic characteristics