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SK hynix and SK Telecom said Friday they have formed a strategic partnership with US artificial intelligence computing company Penguin Solutions to promote joint research and development and business of AI data center solutions. The trilateral agreement, signed on the sidelines of CES 2025 in Las Vegas, focuses on jointly developing and commercializing innovative solutions for AI data centers while exploring new markets, according to two SK affiliates. Penguin Solutions is a leading company spec
Chip-to-energy conglomerate sells off key units to private equity firm as part of restructuring As SK Group doubles down on a full-fledged restructuring of its businesses ranging from semiconductors to energy, the major South Korean conglomerate continues to sell off units to private equity company Hahn & Co., announcing two deals this week. SK Enpulse, a semiconductor part and equipment maker under SKC, decided to separate some of its semiconductor part business and sell its chemical mechanical
South Korean design software developer Zyx Technology announced Friday that it will donate ZyxCAD licenses worth 1 billion won ($700,000) to Hanbat National University through a memorandum of understanding. The donation will allow more than 500 students and faculty members to use the firm's computer
South Korean aircraft maker Korea Aerospace Industries said Tuesday that it has extended its contract with Boeing to produce empennage parts for the US aerospace giant’s 737 Max model. The extension will add 1.12 trillion won ($789 million) in sales to the existing contract. The Boeing 737 Max – the
Samsung C&T said Monday that it has signed a memorandum of understanding with Switzerland's Hitachi Energy to strengthen collaboration and explore opportunities in the high-voltage direct current sector. HVDC is a method of converting alternating current generated at a power plant into high-voltage
Directors Company, a South Korean advertising and branding company, announced Thursday that it has finalized the acquisition of Bitnine as part of its efforts to strengthen its generative AI business. The acquisition of the Kosdaq-listed database technology company was completed through a third-part
South Korean design software developer Zyx Technology announced Friday that it had signed a memorandum of understanding with TMA Solutions to strengthen global collaboration and expand into the Vietnamese market. The agreement was finalized during a meeting in Seoul on Tuesday between Zyx Technology
Korean logistics company LX Pantos has signed a memorandum of understanding with Guiyang Logistics, a state-owned enterprise in southwestern China, to strengthen transport networks and enhance logistics services. LX Pantos CEO Lee Yong-ho and Hu Zhongxiong, secretary of the Communist Party of China
Hanjin Logistics Corporation said Friday it has signed a strategic partnership agreement with DHL Supply Chain Korea, to strengthen collaboration in logistics operations and expand its network in South Korea. The agreement will focus on key industries, including pharmaceutical, semiconductor, consumer goods, automotive and eco-friendly logistics, the company said. Through the partnership, the two companies plan to jointly target new customers, improve logistics efficiency for existing clients,
Faced with a slowdown in South Korea’s domestic construction market, Korea Expressway Corp. is looking overseas to fuel its future growth. In a conversation with The Korea Herald, CEO Ham Jin-gyu outlined how the state-run organization is expanding into international markets to meet the growing demand for road infrastructure expertise, from construction to long-term operation and maintenance. “For us, overseas business is not just an option -- it’s a necessity,” Ham said
Samsung Biologics hits W4.5tr sales milestone
Hanwha heir strengthens US network at Trump’s inauguration
Hanjin sets sales record for 2024
Samsung C&T reports solid 2024 growth on diversified business portfolio
US overnight stockbroker Blue Ocean opens office in Seoul
Eximbank to offer W200b loan support for supply chain firms
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