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Biz & Tech

Manufacturing

Fri, July 30, 2021 | 16:11

EDGC acquires Natural Life Nutrition to focus on genetic health supplements markets

Korea's genetic sequencing firm and gene-based services provider Eone Diagnomics Genome Center (EDGC) has acquired Canada's nutritional supplement manufacturer Natural Life Nutrition to broaden its share in the international health supplements market.

Ko Dong-hwan | 2021-07-28 13:39

Samsung SDI confirms 1st battery cell plant in US

Samsung SDI forecast the automotive chip shortage issue won't disrupt its scheduled electric vehicle (EV) battery production, as carmakers are aggressively shifting their business strategies to sell more EVs to meet stricter environmental regulations, the battery-making arm of Samsung Group said Tuesday.

Baek Byung-yeul | 2021-07-27 16:53

Korean tech companies lose big in age of cyberattacks, employee poaching

Korea's tech industries are increasingly becoming the target of technology and intellectual property theft which has been growing in sophistication and harmfulness. The targeted industries include semiconductors, large batteries and cars, which are all pillars of Korea's economy and therefore the leak of related trade secrets is considered a threat to the national interest.

Yi Whan-woo | 2021-07-26 16:56

POSCO's Q2 net jumps 18 times on robust demand

POSCO, the world's fifth-largest steelmaker by output, said Thursday that its second-quarter net profit surged 18 times from a year earlier on robust demand amid the global economic recovery from the COVID-19 pandemic.

2021-07-22 16:51

LG Chem pursuing mutual growth with subcontractors

LG Chem is increasing its efforts to achieve mutual growth with its subcontractors by providing a variety of support measures, the chemicals, battery materials and biotech arm of LG Group said Thursday.

2021-07-22 15:29

[EXCLUSIVE] Despite Toyota exit, Samsung to run Olympics TV ads in Japan

Samsung Electronics said Wednesday that it will air its Olympic-themed TV commercials as planned during the 2020 Tokyo Summer Olympic Games, scheduled to start Friday. The decision by the Korean tech giant was announced two days after Toyota, another Olympics sponsor, decided not to run TV commercials during the Games that have been delayed by one year due to the COVID-19 pan...

Yi Whan-woo | 2021-07-21 16:44

Olympics to see little of Korea's conglomerate chiefs

Samsung, LG, Hyundai ditching Moderna COVID-19 vaccine

Korea is struggling to secure a sufficient supply of Moderna's COVID-19 vaccines as the government decided to replace those with the Pfizer vaccines for employees working in large manufacturing companies such as Samsung, LG and Hyundai Motor.

Baek Byung-yeul | 2021-07-20 17:04

LG Chem aims for bigger presence in eco-friendly material market

LG Chem is pushing to expand its share in the eco-friendly materials market to meet growing demand for products that are environmentally sound and sustainable.

Baek Byung-yeul | 2021-07-19 15:10

COVID-19 pandemic expands roles of advanced robots in everyday life

Robotics has long been in the spotlight as a new growth engine in the Fourth Industrial Revolution. Robots themselves are being assimilated rapidly into everyday life amid the prolonged COVID-19 pandemic as more firms see their future in automation. They are still predominantly used in manufacturing, accounting for more than half of the market; but their presence is increasin...

Baek Byung-yeul | 2021-07-19 14:59

Shipbuilding, shipping industries agree on steps to carbon neutrality

With extreme weather events such as floods, heat waves and polar vortex leakages hitting the planet, attention is shifting towards achieving carbon neutrality in many industry sectors, and the shipbuilding and shipping industries are no exception.

Baek Byung-yeul | 2021-07-18 16:57

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