storage devices

Banking & Finance Shinhan to lead financing for battery storage project in Japan

Shinhan Financial Group will lead 4.9 billion yen ($35 million) in financing for a large-scale battery energy storage system (BESS) construction pro...

Hydrogen Hylium to supply liquefied hydrogen storage tanks to AirFirst

Hylium Industries Inc., South Korea’s hydrogen liquefier manufacturer, has signed a deal to supply high-capacity liquefied hydrogen storage ta...

Korean chipmakers DB GlobalChip forays into mobile phone OLED driver chip market

DB GlobalChip Co., the chip design subsidiary of South Korea’s chip foundry company DB HiTek Co., has begun mass-producing organic light-emitt...

Leadership & Management Samsung mobile chief fills leadership void in device division

Samsung Electronics Co. has appointed TM Roh, president and head of its mobile eXperience (MX) business, as the new chief of its device eXperience (...

Mergers & Acquisitions KKR, Carlyle, Hillhouse race to buy Korean beauty device maker Classys

Global private equity giants such as KKR & Co., Carlyle Group and Hillhouse Capital Group Holdings are vying to acquire Classys Inc. as the Sout...

Energy SK Innovation E&S to secure 10 mn tons of LNG to compete with BP, Shell

SK Innovation E&S (SKI E&S), the natural gas business unit of South Korea’s SK Innovation Co., is set to begin an LNG trading business...

Medical devices Middle East: New land of opportunity for Korean medical devices

South Korea is making inroads into the Middle East's medical device market dominated by the US and Europe, aiming to leverage the region’s str...

Bio & Pharma Partners Investment, GordonMD eye $150 mn biotech fund launch

South Korean venture capital firm Partners Investment said on Thursday it will raise up to 215.5 billion won ($150 million) in a biotech fund jointl...

Energy Korea’s OCI, US partner CPS Energy sign 20-year energy storage deal

South Korean solar cell company OCI Holdings Co. said on Tuesday it has signed a deal with US power supplier CPS Energy to jointly build a 120-megaw...

Batteries Korea Zinc, Hanwha to co-work on Austrailian BESS project

Korea Zinc Inc., the world’s top lead and zinc smelter, said on Tuesday its Australian subsidiary Ark Energy selected Hanwha Corp. as the pref...

Construction & Planning Samsung E&A wins $214 mn petrochem plant contract in Qatar

Samsung E&A Co. said on Friday that it won a contract for the RLP ethylene storage plant construction project in Qatar, valued at 300 billion wo...

Logistics CJ Logistics opens cold-chain logistics center in Georgia

South Korea's CJ Logistics said on Thursday that it completed the construction of a large-scale cold-chain logistics center in the US and has begu...

Artificial intelligence LG’s telecom unit to spend $2.1 bn on transition into AX company

LG Uplus Corp., South Korea’s No. 3 mobile carrier, plans to invest up to 3 trillion won ($2.1 billion) in artificial intelligence and foster ...

Mergers & Acquisitions Bain Capital puts beauty device maker Classys on market

Bain Capital has embarked on the process to sell a majority stake in Classys Inc., a South Korean medical aesthetic device maker. The deal is estima...

Korean chipmakers Samsung mass-produces QLC V9 NAND to lead AI storage market

Samsung Electronics Co., the world’s largest memory chipmaker, said on Thursday it has begun mass production of a 286-layer high-capacity NAND...

Tech, Media & Telecom KT applies AIoT video surveillance to EV charging stations

South Korea's KT Corp. said on Monday that it will expand its Artificial Intelligence Internet of Things (AIoT) video surveillance business to elect...

Electronics LG Elec to unveil AI home hub ThinQ ON at IFA

LG Electronics Inc. said on Thursday that it will unveil LG ThinQ ON, the home appliance industry's first AI home hub equipped with generative artif...

Beauty & Cosmetics APR, TJX to co-work for Medicube products sale in N.Amerca

South Korea's cosmetic and clothing company APR said on Wednesday it signed a supply contract with TJX Companies, the North America-based global ret...

Carbon neutrality SK Earthon wins Australian carbon storage exploration rights

SK Earthon Co., the energy resources exploration and production (E&P) unit of South Korea’s top energy company SK Innovation Co., will spe...

Korean chipmakers Samsung produces thinnest low-power DRAM for AI mobile devices

Samsung Electronics Co., the world’s top memory chipmaker, has begun mass production of the industry’s thinnest low-power double data ra...

Beauty & Cosmetics South Korean beauty device makers bulk up through M&As

South Korean beauty device manufacturers are aggressively pursuing mergers and acquisitions both at home and abroad to expand their scale, diversify...

Real estate Korea's warehouses suffer oversupply, rising vacancies

Logistics centers in Seoul suburbs are suffering oversupply and rising vacancy rates, according to a report from South Korean commercial real estate...

Korean chipmakers Samsung releases 1-terabyte microSD cards for mobile devices

Samsung Electronics Co. on Thursday released higher-capacity memory cards for portable devices that can store up to 1 terabyte (TB) of data, almost ...

Electronics Dreamtech builds electronics, medical device factory in India

South Korean electronics components maker Dreamtech said on Monday that it built a new factory in India's Greater Noida.The company invested 85.1 bi...

Tech, Media & Telecom Samsung Elec calls for C-Lab Outside applications

Samsung Electronics Co. announced on Monday that it will enlist startups to participate in its external startup incubation program C-Lab Outside unt...

Artificial intelligence Samsung buys UK deep tech startup to boost AI business

Samsung Electronics Co., the world’s top mobile phone maker, will acquire Oxford Semantic Technologies, a British deep tech startup, to enhanc...

Robotics Hyundai to unveil wearable device for car manufacturing

Hyundai Motor Group, the world’s third-largest automaker, plans to unveil a wearable device for car manufacturing designed to improve producti...

Korean chipmakers Samsung’s fastest LPDDR5X validated on MediaTek’s Dimensity chipset

South Korean tech giant Samsung Electronics Co. said on Tuesday it has completed the performance verification of its latest LPDDR5X chip for use in ...

Tech, Media & Telecom Millie Seojae introduces AI book reader

Millie Seojae, the e-book platform subsidiary of South Korea's KT Corp., announced on Thursday that it introduced an AI text-to-speech (TTS) feature...

Korean startups Routinery readies for new chapter with 2.0

Born in South Korea but blowing up abroad, the Routinery app is designed to make small changes in users' daily routines to make a big difference in ...