KHNP heaves sigh of relief after US court ruling, but no immediate breakthrough in legal disputes with Westinghouse

Samsung Group late Chairman Lee Kun-hee’s Jindo dog preservation project is getting a renewed spotlight as the group’s guide dog school marks its 30th anniversary this year. According to industry sources, the late Samsung patriarch acquired 30 Jindos in the late 1960s and strove to increase its population and raise its global awareness. “I spent days working with breeders, consulting with foreign experts and striving to create purebred Jindo dogs. When the original 30 dogs I

Hyundai chief bolsters ties with US state, following footsteps of his father’s legacy

Bang Moon-kyu visits nuclear power plant, trade port on first day of office

Merck Korea, the Korean unit of the German chemicals giant, shared the company’s solutions for the future semiconductor industry at an academic conference held by Alumninetzwerk Deutschland-Korea, Tuesday. Under the topic “Unlocking the potential of artificial intelligence and machine learning in semiconductor manufacturing,” Steven Eulig, head of business development for digital solutions at Merck Electronics, delivered a speech on the company’s digital insight. While th

SK Pharmteco, a global contract development and manufacturing organization under Korean conglomerate SK Group, said Wednesday that it has acquired the Center for Breakthrough Medicines, a US cell and gene therapy firm. The Korean firm exercised its right to acquire a controlling stake in CBM to obtain the management right of the Philadelphia-based cell and gene therapy CDMO, offering pre-clinical to commercial phase therapies. The right was given when SK Pharmteco made its capital investment i

South Korea’s leading battery maker Samsung SDI said Wednesday it has achieved the highest certification of "Platinum" from UL Solutions’ Zero Waste to Landfill program for all six facilities at home. UL Solutions, a global leader in applied safety science, tested the company’s landfill diversion levels according to its ZWTL program, classifying them into 100 percent "Platinum," 99 to 95 percent "Gold," and 94 to 90 percent "Silver" ratin

Shinsegae Food, the food business arm of South Korean retail giant Shinsegae Group, said Wednesday it has launched plant-based alternative food brand "You are What you Eat." The brand will introduce a range of new plant-based products, such as vegan cheese, vegan sauce and oat milk developed with Shinsegae Food's original food technologies. As the brand's first products, three plant-based ready-made meals, including kimchi-topped rice, rigatoni ragu and lasagna Bolognese, hav

South Korean food giant Daesang said Wednesday it will be operating a pop-up store in London, England, from Saturday to Oct. 8, following the increase in demand for Europeans to consume kimchi. In the pop-up, various international dishes paired with Daesang's flagship Jongga kimchi products, such as kimchi tacos, will be sold, and, in the sidelines, an exhibition showcasing kimchi's fermentation process will be presented. According to Daesang, domestic exports of kimchi to Europe h

By Steve Brice In financial markets, there is an inherent tug-of-war between themes/stories and valuations. We are seeing one play out in the equity markets right before our eyes, in the semiconductor industry. This reminds me of my formative investment years of the late 1990s. While we should not blindly follow historical examples, this comparison is something for investors to bear in mind when it comes to making financial decisions and sizing investment positions. Let me start with a caveat.

South Korean biopharmaceutical company Samsung Biologics said Wednesday that the company achieved a stellar performance last year to stand shoulder to shoulder with top global pharmaceutical companies, buoyed by an array of large contract manufacturing deals. The company has been ranked in 37th place in market research company GlobalData’s list of the world's top 50 pharmaceutical companies in 2022, up 13 spots from 2021. According to the rankings, which listed companies based on thei

South Korean chemical and battery materials manufacturer Posco Future M announced on Tuesday that it has obtained the ISO 37301 certification, a global standard for compliance management systems, potentially reinforcing the company’s global credibility as a supplier of battery materials. It is the first company in the domestic battery materials sector to achieve this certification, which could give it a strategic advantage amid its recent expansions and partnerships with international batt

Amid industry-wide talent shortage, competition heats up not just among battery rivals but also with chipmakers

Construction and engineering firm Posco Eco & Challenge unveiled on Tuesday a new vision to multiply its corporate valuation tenfold by 2035, zeroing in on its renewed commitment to spearheading growth in the eco-friendly space. Under the vision, it is aiming to reach 25 trillion won ($18.9 billion) in sales and 2 trillion won in operating profit by 2035, which would help boost its corporate value, the firm said. “Using Posco E&C's sturdy foundation as the bedrock, we are layi

South Korean battery maker LG Energy Solution said Tuesday it has raised $1 billion worth of global green bonds to finance its global production facilities. It marks the company's first foray into the global green bond market. Green bonds are bonds specifically designed to provide capital to industries and projects combating climate change, including batteries, an alternative to fossil fuels. This $1 billion bond comprises two portions: $400 million set to mature in 3 years and the remainin