Hyundai Engineering & Construction has started sales of its new apartment complex, Hilstate Sinyong The River, located in Gwangju’s Sinyong district. The apartment complex consists of a total of 19 buildings with 1,647 housing units, which range from 74-square-meter homes to 135-square-meter luxurious penthouses. According to the builder, one of the standout features is its strategic location. The complex is near the brand new Sinyong Station of Gwangju Metro Line 2, set to be operatio

Texas Instruments, the US-based semiconductor manufacturer, said Wednesday it plans to further boost business ties with electric vehicle manufacturers and battery makers in Korea. “I see Korea as a very key market for vehicle electrification and it is a key pioneer of battery technology as well,” said Matt Xiong, a product line manager for Texas Instruments’ battery management system, during an online media briefing. “We’re very closely engaged with Korean customers

Posco America, a subsidiary of Poscho Holdings, will relocate its headquarters from Atlanta to the nation's capital, in a move to strengthen its relations with the federal government and US Congress, the group said Wednesday. Posco America’s head Do Han-eui and other staff members will start to work at the new office in Washington from as early as this week. The group will also dispatch employees specializing in trade affairs from South Korea's office. The company’s new off

Samsung, SK setting up job-guaranteed courses at elite schools to lure top talent

Dong-A ST, the pharmaceutical unit of South Korean giant Dong-A Socio Holdings, has submitted a Marketing Authorization Application to the European Medicines Agency for its Stelara biosimilar DMB-3115, the company announced Wednesday. DMB-3115 is a biosimilar to ustekinumab, also dubbed Stelara, a monoclonal antibody for the treatment of autoimmune and inflammatory diseases including Crohn’s disease, plaque psoriasis and ulcerative colitis. First developed by Janssen Pharmaceuticals, the a

Hyundai Steel, in collaboration with Hyundai Motor Group's in-house startup 3I Solution, has developed an Industrial Neutron Composition Analyzer that accelerates steel manufacturing by evaluating raw materials, such iron ore and scrap metal, in real time. By providing real-time feedback, it allows Hyundai Steel to quickly achieve the right balance in their materials, sometimes referred to as optimal chemical composition. This balance not only ensures the consistent quality of the steel pro

Sapeon, a global AI semiconductor company that spun out from SK Telecom last year, announced Wednesday it concluded its Series A financing round, securing over 60 billion won ($45.4 million) in investments. With the latest round, the company's valuation now exceeds 500 billion won. Ascent Equity Partners led the financing as the primary investor. Other key investors included GS Group affiliates like Daebo Communication & Systems Corp., Hana Financial Group, Mirae Asset Venture Investmen

Kim Young-shub looks to enhance the telecom giant’s corporate value by sharpening essential ICT capabilities

South Korean defense firm LIG Nex1 announced Wednesday that it participated in a three-day drone show held in Saudi Arabia this week, at the invitation of the Naif Arab University of Security Sciences. The show was co-hosted by the Korean Ministry of Land, Infrastructure, and Transport and the Korean Embassy in Saudi Arabia, at NAUSS in Riyadh, the country's capital. NAUSS, formed by a pan-Arabic academic coalition of 20 countries including the UAE, Jordan, Qatar and Yemen, is an intergov

EcoPro said Wednesday it has celebrated 10 years of supplying battery materials to Sony, later acquired by Murata Manufacturing. According to the company, it first supplied high-nickel cathode materials for Sony in 2013 for the first time for a Korean company. The two companies have kept business ties even after Murata, a Japanese electronics manufacturer, took over Sony’s loss-making battery business in 2017. EcoPro has been providing thousands of tons of nickel, cobalt and aluminum (NCA)

Dong-A Otsuka, the nation’s leading beverage maker, said Wednesday that it will hold a nationwide blood donation event with employees throughout the month of September, hoping to contribute to a rebound of the blood supply in South Korea. On Tuesday, the first donations from employees came at the company’s headquarters in Seoul, with a bloodmobile from the Korean Red Cross. Following the headquarters donations, the event moves to three manufacturing plants -- at Anyang in Gyeonggi Pr

South Korean bakery chain Tous les Jours launched its 100th store in the United States earlier this month, as its popularity has risen among American consumers, operator CJ Foodville said Wednesday. The new store is located in Bronxville, an affluent neighborhood in New York, according to CJ Foodville. The company added that Tous les Jours has been posting robust profits per store, solidifying its position as a lucrative business model in the country. Since first entering the US market in 2004,

Korean vegan skincare brand Siita's sustainable hand cream released in May sold more than $9 million worth of product over the last three months, selling out a year's worth of inventory on its day of release. Former K-pop star and activist Lee Hyo-ri, a figure who swore off commercial advertising, has been actively publicizing Siita's new sustainable hand cream. Through Siita, public engagement in sustainability has been increasing in Korea. Biodegradable plastic was deemed unatta

Samsung Electronics retained its top spot in the global memory chip market in the first quarter despite lackluster earnings amid the chip glut, a report showed. SK hynix, on the other hand, was pushed back to third place from No. 2 compared to a year earlier, due largely to the output cut that came before Samsung, according to the market tracker Omdia. Samsung Electronics kept the largest share of 42.8 percent in the DRAM market, unchanged from the previous quarter. Samsung’s DRAM revenu

Kia Corp., South Korea's second-biggest carmaker by sales, said Tuesday one of its eight domestic plants will be suspended until early September due to a fire in its paint shop. Eight industrial robots in the paint shop of Kia's No. 3 plant in Hwaseong, just south of Seoul, were affected by a fire Monday evening, a company spokesperson said. The No. 3 Autoland Hwaseong plant will be suspended until Sept. 6, he said. The plant produces the K5 sedan, the K8 sedan and the all-electric EV