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Dae Sun shipyard wins first order to build 22,000-ton luxury cruise ship
SEOUL -- South Korean shipyards boast the best shipbuilding technology in the world, especially in the segment of liquefied natural gas carriers, but European competitors are still good in world-class luxury cruise ships and yachts that require a high degree of workforce specialization and sophisticated technologies. Dae Sun Shipbuilding & Engineering, a mid-sized South Korean shipyard that has built coastal car ferries, will build a 22,000-ton luxury cruise ferry on an order from Pan Star,
July 11, 2022
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Construction begins for U.S company onsemi's research center for SiC power semiconductors
SEOUL -- U.S semiconductor supplier company onsemi broke ground for a research center in South Korea to develop and produce next-generation silicon and carbide (SiC) power semiconductors, which are emerging as a key component of electric vehicles, with an injection of 1.4 trillion won ($1.08 billion) by 2025. onsemi's research center will be located in Bucheon, a city in Gyeonggi Province, which is about 25 kilometers (16 miles) away from Seoul. Gyeonggi Province Governor Kim dong-yeon
July 7, 2022
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SK ecoplant works with domestic venture firm to develop energy-saving water treatment solution
SEOUL -- SK ecoplant, a major waste management company affiliated with South Korea's SK Group, tied up with a domestic environmental venture enterprise to develop a new energy-saving water treatment solution that can compete with proprietary technologies possed by only a few foreign companies. SK ecoplant said it has signed a joint technology development agreement with Pure Envitech, a membrane specialist company that produces equipment for sewage and wastewater treatment. The two comp
July 7, 2022
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New energy roadmap sounds death knell of 'nuclear-exit' policy in S. Korea
SEOUL -- South Korea's broad new energy roadmap was unveiled to jack up the ratio of electricity generated by nuclear power plants in South Korea's energy mix to more than 30 percent by 2030, tolling the death knell for a "nuclear-exit" policy adopted by the previous liberal government to achieve net-zero carbon dioxide emissions by 2050. The new energy roadmap endorsed at a cabinet meeting on July 5 highlighted internal and external uncertainties such as the Russia-Ukraine w
July 5, 2022
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SK materials and Japanese partner consider joint entry into U.S. semiconductor material market
SEOUL -- SK materials, a major special gas producer in South Korea, and its Japanese partner, Showa Denko, proposed the idea of making their joint entry into the U.S. semiconductor material market, pointing to growing demands caused by a U.S. government campaign to strengthen domestic capabilities in manufacturing high-tech technologies. The two companies signed a memorandum of understanding at the head office of Showa Denko on June 29 to consider entering North America with semiconductor mater
June 29, 2022
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Samsung shipyard wins $3.0 billion orders to build 14 LNG carriers
SEOUL -- Samsung Heavy Industries, a major shipbuilder in South Korea, has secured two separate orders worth 3.9 trillion won ($3.0 billion) to build 14 liquefied natural gas carriers for clients based in Bermuda and Africa. With new orders, the shipbuilder achieved 72 percent of its annual order target estimated at $8.8 billion. In a regulatory filing on June 22, Samsung Heavy Industries (SHI) said it has clinched an order worth 3.33 trillion won from an unidentified client in the Bermuda area
June 22, 2022
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Doosan Group makes new investment to nurture semiconductor unit as global player
SEOUL -- South Korea's Doosan Group will inject some one trillion won ($774 million) into its newly acquired semiconductor test service company to nurture it as one of the world's top five players within five years. The investment was disclosed during Doosan Group chairman Park Jeong-won's trip to the factory of Doosan Tesna in Anseong, 45 kilometers (28 miles) south of Seoul. Doosan Tesna will build a new plant for completion in late 2024 as part of efforts to expand its semiconduc
June 15, 2022
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Samsung Electronics ties up with Red Hat to develop technologies for next-generation memory solutions
SEOUL -- Samsung Electronics tied up with Red Hat, a U.S. provider of open-source software products, to develop technologies for next-generation memory solutions, reflecting its strategy to change its memory paradigm beyond simple semiconductor manufacturing to a total memory solution company. Memory software solutions enable multiple memories to be recognized and operated as one or more efficient use of memory performance. The partnership will focus on the development and validation of open s
May 25, 2022
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Hanwha Defense secures opportunity to broaden K9's overseas supply network through user club meeting
SEOUL -- Hanwha Defense, a major defense company affiliated with South Korea's Hanwha Group, has secured an opportunity to broaden the overseas supply network of the world's most popular self-propelled howitzer, K9 Thunder, through a meeting of user countries such as Norway, Finland and Estonia. At the first meeting of a K9 user community on April 27-28 at its home base in the southern city of Changwon, Hanwha Defense drew favorable reviews. The user community meeting takes place regula
May 3, 2022
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SK Inc. makes additional investment to acquires domestic SiC power semiconductor producer
SEOUL -- As part of a group-wide campaign to strengthen its battery-related business, SK Inc., an investment-oriented holding company of South Korea's third-largest conglomerate SK Group, will acquire Yes Powertechnix, the only domestic producer of power semiconductors based on a component of silicon and carbide (SiC), which are emerging as a key component of electric vehicles. Through the additional injection of about 120 billion won ($95 million), SK Inc. said it would acquire 95.8 percen
April 27, 2022
