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LS Eco Energy joins $150m wind farm project in Philippines
LS Eco Energy, a Vietnam-based cable manufacturer under Korea’s LS Cable & System, announced Friday that it will supply electric cables for a $150 million wind farm project in the Philippines. The company’s Vietnamese subsidiary, LS-VINA, will supply medium- and low-voltage cables for the Kalayaan 2 wind farm, a 100-megawatt project located in Laguna province, about 100 kilometers southeast of Manila. Scheduled for completion in 2026, the wind farm is expected to provide clean energy to up to 85
April 11, 2025 -
SK chief visits Taiwan to bolster ties with TSMC ahead of HBM4 launch
SK Group Chair Chey Tae-won visited Taiwan this week to strengthen partnerships with TSMC and other key players in the semiconductor and IT industries, accompanied by SK hynix CEO Kwak Noh-jung. According to industry sources on Friday, Chey departed for Taiwan on Wednesday and held a closed-door meeting with executives of Taiwan Semiconductor Manufacturing Co. His visit comes ahead of SK hynix’s planned mass production of its next-generation AI memory chip, HBM4, which incorporates TSMC’s base d
April 11, 2025 -
IGNITE Thailand-Korea Business Forum
Herald Media Group, the Royal Thai Embassy in Korea, and the Industrial Estate Authority of Thailand will co-host the IGNITE Thailand-Korea Business Forum at Lotte Hotel Seoul on April 22 and 23. Aimed at deepening bilateral economic cooperation between Korea and Thailand, the event marks the 67th anniversary of diplomatic relations between the two nations and will feature a large delegation of high-ranking Thai government officials and top corporate executives. Over the course of two days, arou
April 11, 2025 -
LS Cable & System secures W200b high-voltage grid deal in Singapore
Korean grid facility manufacturer LS Cable & System announced Thursday that it has signed a 200 billion won ($137 million won) contract to supply ultrahigh-voltage electric cables for a power grid project in Singapore. Under the agreement, LS Cable & System will be responsible for the manufacturing, construction and installation of 230-kilovolt underground grid cables. The project is led by Singapore Power Group, the state-run power distributor in Singapore. The cables will form part of a grid t
April 10, 2025 -
MBK faces headwinds amid regulatory probes
Future course of fundraising overshadowed by series of probes into Homeplus investment MBK Partners could face challenges in fundraising while embroiled in controversies surrounding South Korea’s No. 2 hypermarket chain, as public funds turn wary due to compliance risks, according to industry sources. Following Homeplus’ application for a court-led rehabilitation, MBK has been pressured by multiple governmental bodies. MBK wholly owns the discount supermarket franchise as a portfolio company. In
April 10, 2025 -
LG unveils hall of fame to honor customer-driven innovation
LG Group has inaugurated a hall of fame honoring life-changing innovations the conglomerate has achieved -- a symbolic gesture encapsulating Chair Koo Kwang-mo’s management philosophy of prioritizing customer value. The new installation was unveiled at the LG Academy in Icheon, Gyeonggi Province, during the 2025 LG Awards on Wednesday. It serves not only as a tribute to past recipients of the prestigious award, but also as a cultural beacon to inspire innovation and a customer-centric focus acro
April 10, 2025 -
Smart roads to the rescue: New AI-based system aims to prevent roadkill
The South Korean government is pioneering efforts to reduce roadkill with the deployment of advanced artificial intelligence technology. On Wednesday, the Ministry of Environment launched a pilot program for its Animal Road Accident (Roadkill) Prevention System, designed to detect wildlife on roadways using image recognition AI. The system is currently being tested on two provincial roads: one in Yangpyeong, Gyeonggi Province, and the other in Pyeongchang, Gangwon Province. This innovative syste
April 10, 2025 -
Taihan Cable wins W52b cable supply project in South Africa
Korean manufacturer of electric wires and cables Taihan Cable & Solution said Thursday that its South African subsidiary has secured a 52 billion won ($35.6 million) power grid project, strengthening the company’s foothold in the region amid rising demand for grid expansion. Under the contract, Taihan’s local branch M-Tec will supply medium- and low-voltage cables as well as overhead conductors to Eskom, South Africa’s state-run power utility. South Africa, which has long been plagued by frequen
April 10, 2025 -
Samsung AI robot Ballie to feature Google's Gemini
Samsung Electronics announced Thursday that its home AI companion robot Ballie will integrate Gemini, Google Cloud’s generative AI technology, to enable more natural and conversational interactions to work through everyday tasks effectively. Announcing the expanded partnership at this year's Google Cloud Next 2025, Samsung said it plans to launch Ballie this summer. The collaboration follows the successful integration of Gemini on Google Cloud into Samsung's Galaxy S24 smartphone series last yea
April 10, 2025 -
Samsung's, LG's air conditioner sales surge ahead of summer
Sales of air conditioners from Samsung Electronics Co. and LG Electronics Inc. grew sharply from a year earlier in the first quarter as consumers brace for what is expected to be an unusually hot summer, the companies said Thursday. Samsung Electronics said sales of its home air conditioners jumped 51 percent on-year in the January-March period. Sales in March alone surged 61 percent compared with the same month last year. LG Electronics said its first-quarter sales of air conditioners spiked 60
April 10, 2025 -
Hyundai Mobis hosts mobility tech conference in Detroit to boost North American outreach
Hyundai Mobis, the auto parts unit of Hyundai Motor Group, held an annual mobility tech show in the United States this week, highlighting its vision and investment strategy for the North American market. The company's fourth Mobis Mobility Day event was held in Detroit on Wednesday, and showcased its latest developments in software-defined vehicles, electrification and electronic components. More than 200 participants, including representatives from North American automakers and startups, attend
April 10, 2025 -
Top-tier credit ratings fuel Hyundai Card’s global push
Leading credit card issuer turns AI into new growth driver Hyundai Card, South Korea’s leading credit card issuer, is bolstering its overseas expansion on the back of stronger credit ratings and growing data-driven capabilities. The company recently secured an upgrade from Japan Credit Rating Agency, building on its milestone achievement in November 2023 when it became the first Korean card firm to obtain a JCR rating. In December, JCR raised Hyundai Card’s rating one notch to AA- Stable, aligni
April 10, 2025 -
Genesis adds Bloomberg app, music service to vehicle infotainment system
Genesis, the independent luxury auto brand of Hyundai Motor Group, said Thursday it will offer the Bloomberg app and its proprietary Genesis Music service free of charge for vehicles equipped with its next-generation infotainment system. The Bloomberg app will be available across all supported Genesis models, while Genesis Music will not be included in pre-2024 G90 units and pre-revamped GV60 models. The electrified GV70 will offer the music service at a later date. Customers can access both ser
April 10, 2025 -
S. Korea on course to conclude negotiations on Czech nuclear power plant project: minister
South Korea is on course to conclude negotiations for a project to build a nuclear power plant in the Czech Republic, Seoul's industry minister said Wednesday, as the final agreement for the highly anticipated project is being delayed. "We have completed documentations for the project, and local procedures, such as a legal review and board meetings, are currently under way," Industry Minister Ahn Duk-geun told the parliamentary committee on industry and trade. "We hope to finalize the agreement
April 9, 2025 -
SK in talks to sell SK Siltron
SK Group is considering selling its controlling stake in SK Siltron, a semiconductor wafer producer, as part of restructuring efforts to secure liquidity, industry sources said Wednesday. If completed, the sale could generate trillions of won, with SK Siltron’s valuation estimated at around 5 trillion won ($3.4 billion). SK Inc., the group’s holding company, which oversees its subsidiaries, has reportedly expressed interest in selling its 70.6 percent stake in SK Siltron to private equity firms,
April 9, 2025