Samsung Electronics has achieved the successful development of a new network technology, Mobility Enhancer, which improves beamforming performance of its Massive MIMO radios up to 30 percent in a mobile environment, the company said on Feb. 24.“The new technology will play a crucial role in improvin

Hyundai Motor unveiled its first exclusive electric vehicle brand “Ioniq 5” on Feb. 23 and will begin pre-contracts from Feb. 25.Hyundai Motor Co. hosted the Ioniq 5 World's First Reveal event online. The car name is "Ioniq," a combination of Ion, which generates energy with electrical power, and Un

LR Health & Beauty, a 35 years of heritage German wellness company, will officially launch 12 products in the Korean market for the first time in the Asia-Pacific region in March, the company announced on Feb. 22, 2021. It plans to focus on the 'Aloe' product line representing LR Health & Beauty, co

“Seoul International Sports & Leisure Industry Show 2021 (SPOEX 2021)”, co-hosted by the Korea International Trade Association (KITA) and the Korea Sports Promotion Foundation, opened at COEX, Samseong-dong in Seoul, on Feb. 18.Under the theme of 'SPOEX LOG-in', live on-site broadcasting and live co

The Ministry of Trade, Industry and Energy announced on February 15 that Korea’s automobile output, domestic sales, and exports in January all experienced double-digit increases and went up 24.9 percent, 18.4 percent, and 29.5 percent, respectively.Total automobile output in January by Korean automa

It was argued that Korean companies should actively expand into the US market as the launch of the new administration of Biden will likely to boost the exports of new industries such as new and renewable energy, electric vehicles, biohealth, digital transformation, and home living.The Institute for

Since the pandemic began, Korean companies have actively engaged in digital innovation and swept the Innovation Awards at this year's Consumer Electronics Show(CES). According to a report titled “CES 2021 Confirms Life-centered Digital Transformation as Innovation Trend in Pandemic Era” issued by th

Despite the sluggish global demand and economic downturn caused by COVID-19, Korea’s so-called ‘hidden champions,’ the small and medium-sized companies with world-leading technology in their fields of expertise, are paving the path to export recovery, Chung Hye-seon, a researcher of Korea Internatio

Jose Vicente de Los Mozos, executive vice president, manufacturing & supply chain of Group Renault, delivered a video message to executives and employees of Renault Samsung Motors' Busan plant on Feb. 9 to ensure XM3's successful entry into Europe.“In order for XM3 to successfully enter Europe, I ca

Mr. Alejandro Rodríguez Zamora, the Ambassador of Costa Rica in the Republic of Korea, met with the President of the Board of Directors of Global Sae-A, a manufacture in Costa Rica under the trade name Sae-A Spinning, S.R.L., a textile producer located in the Free Zone in the Cartago Province.Sae-A

Korean Research-based Pharma Industry Association (KRPIA) announced on Jan. 29 that it has appointed Oh Dong-wook, 51, CEO of Pfizer Korea, as its 14th chairman.The new chairman will lead the KRPIA from next month. The term of office shall be two years, but may be extended by one year in accordance

Atomy was selected as one of the "2020 top 100 best workable companies in Korea" by the Great Place To Work Institute (GPTW), a management consulting firm, on Jan. 28.At the same time, Atomy Chairman Park Han-gil was named as one of the most respected CEOs in Korea in 2020.In 2020, "Korea's Most Res

Hanwha Group is planning a large-scale investment in the aerospace industry following the solar and hydrogen industries. Related to this, there is a great interest in Hanwha Solutions, led by Kim Dong-kwan, the eldest son of Hanwha Group Chairman Kim Seung-yeon.At the end of last year, Hanwha Soluti

KEPCO signed an agreement with the Korea Institute for Advancement of Techn ology (KIAT) and Naju Innovation Industrial Complex's corporate council at the KEPCO Art Center in Seoul on Jan. 22.KEPCO CEO Kim Jong-gap, KIAT President Seok Young-chul, and Lee Nam, chairman of the council, attended the s

Silicon Mitus promoted CEO Huh Yeom to its chairman on Jan. 14, the company said.Heo Yeom, born in 1952, is a semiconductor expert who majored in electronic engineering at Seoul National University and completed a master's degree in electronic engineering at KAIST and completed the Ph.D. course in e

By Kevin Lee"TIRTIR will further solidify its global D2C (Direct to Consumer) marketing strategy in 2021 based on the strengths of customer communication and contents through SNS," TIRTIR CEO Lee Yu-bin said.“Based on this, we are preparing for full-fledged entry and revitalization into the U.S. mar

By Special Feature Editor Kim Hyung-dae Despite the remarkable development of modern medicine, there is a disease that many people fear because they have yet to conquer. It's cancer. The fear that cancer is a "disease of death" is deeply rooted in the minds of people around the world, regardless of

LS Electric held an 'Untact Digital Vision Declaration Ceremony' on Jan. 11 and announced 'Drive Change for 2030' (Vision 2030), which will realize accelerated growth for the next 10 years by 2030."We should push for evolution beyond revolution over the next decade by making the era of uncertainty a

Doosan Infracore set the largest sales record in 10 years in the Chinese excavator market last year. Doosan Infracore announced on Jan. 11 that it sold 18,686 excavators in China in 2020.This is an increase of 22.4% from 15,270 units sold in 2019. It is the highest in 10 years since its sales reache

SK Networks Chairman Choi Shin-won gets under investigation for allegedly creating slush funds.The Seoul Central District Prosecutors' Office summoned Chairman Choi as a suspect for questioning, legal sources said on Jan. 7. Choi has been the chairman of SKC from 2000 to 2015 and SK Networks from 20