News
Samsung Clash Over Court-Ordered Essential Workforce
2+ hour, 38+ min ago (597+ words) Although the court accepted a significant portion of Samsung Electronics" application for an injunction related to the strike and ordered the maintenance of an essential workforce at the semiconductor plants, labor and management are putting forward conflicting interpretations over the…...
Doosan to Acquire 100% Stake in SK Siltron
7+ hour, 17+ min ago (373+ words) Businesskorea Doosan Group has rapidly strengthened its position in the semiconductor industry by acquiring a leading player in the global wafer market Doosan Group has effectively finalized its acquisition of SK Siltron, the world's third-largest semiconductor wafer manufacturer, signaling a…...
LG Electronics Faces U. S. LCD Patent Lawsuit
9+ hour, 21+ min ago (335+ words) Businesskorea Lone Star Crystal Display alleges six patent infringements in Texas on May 15 LG Electronics has been hit with a lawsuit by a U. S. non-practicing entity (NPE) alleging unauthorized use of core liquid crystal display (LCD) technologies. The suit directly targets LG…...
Chinese Automakers Target European Plant Acquisitions to Avoid Tariffs
1+ hour, 34+ min ago (453+ words) Businesskorea Chinese EV makers seek local production to dodge EU tariffs and speed market entry Chinese automakers are accelerating the expansion of local production in Europe by successively attempting to acquire factories in the region, leveraging their financial power. This…...
South Korean Refiners Draw Global Supply Scramble
1+ hour, 53+ min ago (559+ words) Businesskorea New Zealand, Australia, Japan, and the United States seek stable fuel supplies as Middle East conflict disrupts markets The value of Korean refining companies has been soaring since the outbreak of the war in the Middle East. Although the…...
HD Hyundai Marine Solution Signs U. S. Data Center Deal
3+ hour, 35+ min ago (224+ words) The agreement centers on long-term service agreement (LTSA) and operations and maintenance (O&M) cooperation covering 33 power generation engines installed at a data center currently under construction in the state of Texas. The equipment subject to this collaboration is a power…...
Samsung Heavy Secures $813 Million LNG Deal
9+ hour, 11+ min ago (142+ words) Businesskorea Contract With Oceania Shipowner Covers Three LNG Carriers on May 18 In May, Samsung Heavy Industries has won orders for a total of six vessels, including one LNG floating storage and regasification unit (LNG-FSRU) and five LNG carriers, worth 2 trillion…...
High Oil Prices and Inflation Trigger Fear of Interest Rate Hikes
7+ hour, 1+ min ago (894+ words) Businesskorea It Begins Hitting Mid-Sized Firms First Rising international oil prices and inflation concerns fueled by the conflict in the Middle East are once again stoking fears of interest rate hikes. Although the Bank of Korea's benchmark interest rate remains…...
Hyundai L&C Moves Injury Suit to Federal Court
9+ hour, 17+ min ago (483+ words) Businesskorea Company Seeks Transfer Over Worker Accident Claims on July 22 Plaintiff Alleges Negligence Over Crane Failure and Unsafe Conditions Hyundai L&C USA has begun legal proceedings to move a damages lawsuit arising from a worker injury accident at its…...
Greycoat Research Ushers in the Era of "Personalized Precision Nutrition" for Feline Kidney Disease
11+ hour, 21+ min ago (245+ words) Greycoat Research, an R&D-based feline healthcare specialist, announced on the 18th that it is expanding its new business by launching 'Personalized Precision Nutrition' management services that reflect the unique genetic characteristics of individual cats. Yun Jeong-eun, CEO of Greycoat Research,…...