Nvidia shares dipped in premarket trading on Tuesday after having more than tripled in value in the past year, as the dominant AI chip supplier unveiled its latest flagship product that is expected to further cement its lead in the industry. Shares of Wall Street's third most-valuable firm were down about 1 percent, with some analysts saying investors had already factored in the launch and were looking out for more details. "If the brand-new Blackwell chip didn't trigger a fresh r

Samsung Electronics and LG Electronics are seen to be renewing their decadeslong competition in the home appliance market with their first all-in-one washer-dryer machines, which combined the two full-capacity laundry machines to complete the entire laundry process in one step. Both Samsung and LG first unveiled their new single-drum laundry machines at the IFA trade show in Germany in August last year, each claiming their products hold superiority over the other. Samsung presented the Bespoke A

Korea Water Resources (or K-water) CEO Yun Seog-dae (left) and Cambodian Minister of Water Resources and Meteorology H.E. Thor Chetha talk during a meeting in Phnom Penh, Cambodia, Monday. The two leaders discussed plans to enhance collaboration on water initiatives, including the upcoming smart water management project in Phnom Penh. As a key member nation of K-water’s Asia Water Council, Cambodia seeks official development assistance and cooperation funds to address water challenges. (K-

The ongoing tug-of-war between the South Korean government and medical professionals over the proposed increase in the number of medical students could have negative impacts on local drug companies’ revenues as well, industry sources said Tuesday. According to officials from local pharmaceutical companies, the ongoing walkout of local doctors is causing a short-term decrease in the overall use of drugs and medical supplies at local hospitals where surgeries are being postponed and appointm

Thailand has remained an untapped market for South Korean financial firms since their exodus during the financial crisis in the late 1990s. Now Kakao Bank, the nation’s No. 1 online-only bank, is eyeing an expansion into the burgeoning digital banking market in Southeast Asia's second-largest economy. Earlier this month, Thailand’s Ministry of Finance confirmed regulations for authorizing virtual banks, the equivalent of internet lenders in Korea. According to the regulations, a

Korean auto giant collects 48 awards in 13 countries in past six months

Nvidia highly likely to receive first shipment of advanced memory chips

CJ CheilJedang said Tuesday it participated in the 2024 Natural Products Expo West, the world's largest trade event in the food industry, to showcase its key products and K-food innovation overall. Held in Anaheim, California, the expo marked its 42nd anniversary, attracting around 3,000 companies and approximately 60,000 visitors over five days starting March 12. This year’s event focused on the latest trends in health and wellness, featuring new food products and nutritional supplem

Samsung Electro-Mechanics announced on Tuesday the launch of its latest high-voltage MLCCs tailored for electric vehicles, in response to surging demand from global automotive component manufacturers. MLCCs, or Multi-Layer Ceramic Capacitors, play a crucial role in regulating the consistent flow of current in electronic circuits, particularly within automobiles, where each vehicle contains between 3,000 to 10,000 MLCCs. The company has unveiled five new high-voltage MLCCs, including three varian

LG Energy Solution, in collaboration with the Korea Advanced Institute of Science & Technology, has made a significant breakthrough in lithium metal battery technology that addresses key challenges regarding its lifespan and safety. This new technology was detailed in the science journal Nature Energy and represents a considerable leap forward in lithium metal battery research and development. Lithium metal batteries are noted for their theoretical capacity advantages over lithium-ion batter

Hyundai Motor Group is supporting the Major League Baseball Seoul Series this week, the first MLB games to take place in South Korea, with an array of vehicles. According to the automaker on Tuesday, a total of 18 vehicles including six hydrogen-electric buses, three Ioniq 5s and three Ioniq 6s are being used for transporting the players and coaching staff of the Los Angeles Dodgers and San Diego Padres. Hyundai will also reward an Ioniq 5 to the first batter to hit a home run during the back-to

DAO Research Institute, operator of pet service platform Tuggle, signed a memorandum of understanding with the city government of Goyang, Gyeonggi Province, and the Yourside volunteer group to collaborate on developing pet-related industries, officials said Tuesday. The memorandum was to ensure that the DAO Research Institute, Goyang Industry Promotion Agency, Goyang City Research Institute and Yourside will combine their resources to enhance their cooperation across various sections of the indu

Hyosung Heavy Industries on Monday announced that it has appointed Woo Tae-hee, an international trade specialist who currently serves as the vice chairman of the Korea Chamber of Commerce and Industry, as its new CEO overseeing the company's heavy industry and construction businesses. Woo, 62, a graduate of Yonsei University's Department of Public Administration in 1984, obtained his doctorate in business from Kyung Hee University in 2011. After passing the public service examinatio

French automaker’s Korean branch picked as one of five global hubs for Renault’s international strategy

Yonsei research team hopeful for mass production of hybrid rice to tackle food crises