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HD Construction Equipment is expanding into the fast-growing US data center power market with a 390 billion won ($291.4 million) engine supply deal. The company said Wednesday it signed an agreement with US power infrastructure solutions provider ERock to supply 22-liter, high-efficiency long-block gas engines from 2027 through 2028. ERock will integrate the partially assembled engines into generator sets to supply power to hyperscale data centers operated by US tech companies. The deal marks HD
HD Hyundai said Wednesday that it has named Lee Sang-kyun, vice chair of HD Hyundai Heavy Industries, to lead the group’s shipbuilding business as part of its 2026 executive reshuffle aimed at bolstering competitiveness across its core operations. Under the reshuffle, Lee will head the group’s overall shipbuilding operations, coordinating key strategies across its affiliates, including HD Korea Shipbuilding & Offshore Engineering, HD Hyundai Heavy Industries and HD Hyundai Samho. The 65-year-old
GI Innovation said Wednesday that the first patient in a Japanese phase 2 trial of its allergy treatment candidate GI-301 is scheduled to receive the drug this month. Under a licensing agreement with Maruho signed in 2023, GI Innovation transferred Japanese development and commercialization rights for GI-301 to Maruho in a deal worth up to 300 billion won ($221 million) at the time. The Korean biotech is entitled to milestone payments tied to development and commercialization, along with royalti
SK On said Wednesday that its Ivancsa Plant in Hungary has received Ford’s Q1 Award, the automaker’s highest quality certification for supplier facilities, just over two years after starting commercial operations. The battery maker held an award ceremony at the site Tuesday, where SK On Hungary head Kim Seong-sik received a plaque from Ford representatives. Ford grants Q1 status after assessing suppliers on production technology, product quality, improvement efforts, and manufacturing and qualit
Posco Holdings has completed its second lithium plant in Argentina, giving it the capacity to supply 50,000 metric tons of lithium hydroxide as the South Korean steelmaker expands its push into critical battery materials. The completion comes eight years after Posco acquired mining rights to the Salar del Hombre Muerto, a salt flat on the border of Salta and Catamarca provinces, in 2018, marking a milestone in the group’s efforts to secure its own lithium resources. Posco Holdings, the holding c
AMD Chair and CEO Lisa Su put Korean AI chips at the center of partnership talks in Seoul on Wednesday, exploring how they could work alongside AMD processors in systems built for global markets. In meetings with Second Vice Science Minister Ryu Je-myung and executives from 13 Korean AI companies, Su discussed pairing AMD’s CPUs and GPUs with Korean neural processing units designed for AI inference. Demonstration projects in Korea would test the systems to develop a blueprint for overseas deploy
Samsung Electronics’ high-bandwidth memory prices are expected to more than double next year as the industry shifts to HBM4 and tight DRAM supply gives memory-makers more room to raise contract prices, according to KB Securities on Wednesday. HBM is the high-speed memory used alongside advanced AI processors, making it one of the most closely watched parts of the semiconductor market as spending on artificial intelligence infrastructure grows. KB Securities expects Samsung’s HBM selling prices t
Lotte Biologics said Wednesday it has signed a manufacturing agreement with multinational biotechnology company Alvotech as the Korean contract development and manufacturing organization continues to expand its global partnerships. Under the agreement, which was signed on the sidelines of CPHI Milan 2026 taking place in Italy from Tuesday to Thursday, Lotte Biologics will manufacture multiple antibody biosimilar drug substances developed by Alvotech at its facility in Syracuse, New York, for sup
Saudi Arabia’s golf ambitions have drawn global attention through LIV Golf and its recruitment of some of the sport’s biggest stars. At home, the kingdom faces a different challenge: getting more people to play. For that, it is looking to Korea. Thomas Rudy, chief investment and supply officer at Golf Saudi, sees Korea’s extensive course network, simulator technology and established golf culture as a model for expanding participation in Saudi Arabia, which currently has fewer than 5,000 register
A Daewoo Engineering & Construction-led consortium on Wednesday rejected claims that technical problems were overlooked in the approval of Gadeokdo New Airport’s ground improvement design, saying the issues had been disclosed and corrective measures incorporated. The response followed a local media report alleging that the Ministry of Land, Infrastructure and Transport rushed approval despite problems found during offshore tests of plastic board drains. The drains are inserted into soft soil to
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