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LG Electronics is stepping up efforts to recruit overseas research and development talent to support its expansion into robotics, AI data-center cooling and mobility. The South Korean electronics-maker hosted about 100 doctoral researchers, engineers and R&D professionals from leading US universities, technology companies and startups at its North America Tech Conference in San Francisco on Saturday. Participants included researchers from Stanford University, Harvard University, the Massachusett
SK On said Monday it signed a major agreement with US-based NeoVolta Power to supply lithium iron phosphate, or LFP, battery cells for energy storage systems, expanding its footing in the rapidly growing North American power market. Under the contract, roughly estimated at 1.5 trillion won ($1.09 billion), SK On will supply 9 gigawatt-hours of LFP pouch cells manufactured at its Georgia plant over five years, from 2027 to 2031. Beyond the initial deal, the two companies plan to expand their part
Samsung Electronics showcased its glasses-free 3D display technology through interactive gaming experiences at Gamescom 2026, demonstrating its potential as a business-to-business retail and exhibition solution. At its largest-ever booth at the gaming event in Cologne, Germany, Samsung used Spatial Signage to create fan experiences in partnership with esports team T1 and Pearl Abyss’ open-world action-adventure game “Crimson Desert.” Spatial Signage is a glasses-free 3D display designed to give
South Korea has launched its first government-backed container ship voyage through the Arctic in a decade, testing whether a route 35 percent shorter than the Suez Canal passage can become commercially viable despite high operating costs, limited cargo and geopolitical risks. The PanStar Acro departed Busan New Port on Aug. 22 carrying 737 twenty-foot-equivalent units of cargo. It will travel through the Northern Sea Route and call at Felixstowe in Britain, Rotterdam in the Netherlands and Gdans
Lotte Wellfood said Sunday it opened a K-Snack House pop-up at Lotte Department Store’s Main Store in Myeong-dong, central Seoul, to promote Korean snacks to overseas tourists. The launch comes amid record inbound travel to the capital. According to the Seoul Metropolitan Government, 1.61 million foreign tourists visited Seoul in July, the highest monthly figure on record. Located at Kinetic Stage A on the ninth floor, the pop-up runs through Sept. 10, showcasing Pepero and other signature produ
China’s Yangtze Memory Technologies is forecast to increase NAND wafer output by nearly 25 percent next year, as it seeks to catch up with its Korean rivals, whose major expansions are not expected until 2028. Market tracker Omdia expects YMTC’s annual NAND output will rise by 486,000 wafers, from 2.01 million this year to 2.50 million in 2027, according to industry sources Sunday. The expansion will be driven largely by the company’s third plant in Wuhan, which is scheduled to begin initial ope
President Lee Jae Myung on Sunday nominated two-term Democratic Party of Korea lawmaker Lee So-young as minister of SMEs and startups, ending a 61-day vacancy following Han Seong-sook’s departure to become prime minister. Presidential chief of staff Kang Hoon-sik said Lee, 41, had built policy experience in startup support, small-business protection and innovation-led growth. She must undergo a National Assembly confirmation hearing before taking office. A former lawyer at Kim & Chang, Lee enter
CJ Logistics said Sunday it would accelerate its overseas expansion in the second half as it shifts its focus from scale to profitable growth. At a town hall meeting held Thursday at the company’s Seoul headquarters, CEO Shin Young-soo reviewed first-half performance and outlined priorities for the rest of the year. Shin said parcel volumes and fulfillment sales rose by double digits in the first half despite difficult business conditions. The company also improved productivity and cost competit
Samsung Electronics and SK hynix paid a combined 11.21 trillion won ($7.99 billion) in corporate taxes in the first half, up 167 percent from a year earlier, as the AI-driven chip boom translated into higher tax bills. According to regulatory filings Sunday, Samsung paid 3.99 trillion won, up from 1.12 trillion won a year earlier. SK hynix paid a record 7.22 trillion won, more than double the previous year’s 3.07 trillion won. The combined total was the second-highest for any first half, trailin
SK Chemicals is positioning its polyester resin business to capture new opportunities in Europe’s can-coating market as tighter restrictions on bisphenol A take effect in the European Union. The new regulation, which came into full force in July, is expected to accelerate the replacement of BPA-based epoxy coatings that have traditionally been used to prevent corrosion and protect food and beverages from direct contact with metal. Polyester-based coatings have consequently emerged as a leading a
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Samsung, SK hynix tax payments surge 167% on chip boom
SK Chemicals eyes European can-coating market
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