LG Electronics is stepping up its robotics strategy through closer cooperation with Nvidia, just days after the two companies agreed to collaborate on future strategic technologies.LG Electronics said it hosted key Nvidia executives on Aug. 18 at its Data Factory under construction in Seoul’s Seocho

LG Energy Solution has officially launched its Lansing battery plant in Michigan, strengthening its North American manufacturing footprint as it shifts greater focus toward the rapidly growing energy storage system (ESS) market.The company held an opening ceremony at the Lansing facility on Aug. 18

The labor union representing Hyundai Motor workers is set to launch its first full-scale strike in a decade, escalating a long-running dispute over wages, retirement age and employment conditions.Hyundai Motor and its union held their 16th round of wage negotiations at the company’s Ulsan plant on A

S-OIL said on Aug. 18 that its Shaheen Project in Ulsan, South Korea, is designed to establish a cost-competitive and energy-efficient petrochemical production base with greater feedstock flexibility as the company responds to intensifying competition from China and the Middle East.The project repre

LS ELECTRIC announced on Aug. 18 that it has signed a $34.26 million contract with Bloom Energy to supply power distribution solutions for a hyperscale data center project in Wyoming, the United States.Under the agreement, LS ELECTRIC will provide low-voltage switchboards and other key power distrib

Moody’s has sharply raised its economic growth forecast for South Korea this year to 3.5%, citing stronger-than-expected semiconductor demand and robust export growth. The international credit rating agency also expects the country’s semiconductor boom to continue at least through the middle of next

SK Group Chairman Chey Tae-won and Bill Gates, chairman of TerraPower, have met again to discuss ways to secure power for the rapidly growing electricity demand of the artificial intelligence era, signaling that the relationship between SK and TerraPower may be moving beyond a financial investment t

LG Electronics has begun operations at a new home appliance plant in Brazil, expanding its local manufacturing footprint as the company seeks to strengthen its position in Latin America and accelerate growth across emerging markets.The new facility in Paraná began operations on Aug. 13, according to

Celltrion said Friday that an integrated population pharmacokinetic analysis of its bevacizumab biosimilar Vegzelma has confirmed pharmacokinetic similarity with the original drug Avastin.The findings were published in BioDrugs, an international peer-reviewed journal specializing in biotechnology an

Doosan Enerbility has secured a contract to manufacture key equipment for an advanced nuclear reactor being developed by U.S. nuclear technology company TerraPower, strengthening its position in the rapidly growing global next-generation nuclear power market.Doosan Enerbility said Friday that it wil

Samsung Heavy Industries (SHI) has partnered with the Korea Advanced Institute of Science and Technology (KAIST) to establish a joint research center aimed at developing technologies expected to shape the future of the shipbuilding and maritime industries.SHI said Thursday that it held an opening ce

Hyundai Rotem and Korea Aerospace Industries (KAI) are teaming up to strengthen their capabilities in aircraft weapons and develop integrated solutions for the KF-21 fighter jet.Hyundai Rotem said Wednesday that it signed a memorandum of understanding with KAI on Tuesday at KAI’s headquarters in Sac

LS ELECTRIC is stepping up its expansion into North America after securing a qualification that allows its in-house power equipment testing facility to conduct certification-related tests under the supervision of the Canadian Standards Association (CSA).The Korean power equipment maker said Wednesda

Samsung SDI will take full ownership of a battery manufacturing plant in Indiana as it restructures its partnership with General Motors, while continuing joint development of next-generation batteries for electric vehicles.Samsung SDI said Wednesday that it had signed an agreement with GM to jointly

SK hynix has effectively secured the position of the largest shareholder in Japanese NAND flash memory maker Kioxia after a special purpose company backed by the South Korean chipmaker overtook Toshiba as Kioxia’s top shareholder.According to a filing Kioxia submitted to the Tokyo Stock Exchange on

Hyosung is turning a data center strategy initiated nearly a decade ago into a new growth engine as surging artificial intelligence demand drives investment in digital and power infrastructure worldwide.At the center of the strategy is Hyosung Group Chairman Cho Hyun-joon, who identified data center

Gangwon Special Self-Governing Province is moving to spend KRW 41 billion in public funds to preserve cultural heritage excavated during the development of Legoland, while Legoland has separately sought compensation of about KRW 13 billion for losses it claims to have incurred during the project. Th

Hanwha Group has increased its stake in Korea Aerospace Industries (KAI) to more than 15%, strengthening its position in South Korea’s aerospace and defense sector and signaling a deeper push to integrate its aviation, defense, space and artificial intelligence businesses.Hanwha Systems said Monday

LS ELECTRIC said on Aug. 10 that it has signed a memorandum of understanding with GS Engineering & Construction (GS E&C) in Seoul to jointly respond to changes in the artificial intelligence data center market, with a focus on next-generation direct current power distribution technologies.The agreem

Samsung Electronics could be entering a major re-rating phase as expectations for a large-scale shareholder return program coincide with a favorable memory market cycle, according to KB Securities.The brokerage said the company’s earnings and shareholder value could both improve as the prolonged imb