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HD Korea Shipbuilding & Offshore Engineering said Wednesday it signed a memorandum of understanding with Schneider Electric to jointly develop infrastructure technologies for floating data centers. Schneider Electric is a global provider of power distribution, cooling and energy management solutions for data centers. Drawing on its experience in hyperscale data centers and artificial intelligence infrastructure, the company supplies digital infrastructure technologies for next-generation computi
South Korea's leading private equity firm Hahn & Co. promoted two senior executives to C-suite positions on Wednesday as it moves to strengthen its core investment and portfolio management capabilities. Managing Directors Lee Dong-chun and Daniel Sung-Kwan Cho were promoted to Chief Portfolio Officer and Chief Investment Officer, respectively. Lee will oversee the management of the firm's portfolio companies, while Cho will lead new investments. Lee, a former vice president of Sony Korea's Devic
LG Chem said Sunday it will begin mass supplying semiconductor strippers to Amkor Technology, a leading US-based outsourced semiconductor assembly and test company. Amkor provides semiconductor packaging and testing services for major chipmakers worldwide. A stripper is a key process chemical used to remove photoresist and residue from semiconductor wafers after circuit patterning. As chip circuits become smaller and more complex, stripping performance has become increasingly important for manuf
Classiq Technologies said Thursday it has signed a definitive agreement with Korean quantum AI data center specialist QAI to launch South Korea's first locally operated Quantum-as-a-Service, or QaaS, business. The partnership aims to make quantum computing more accessible to companies, government agencies, research institutes and universities by allowing them to develop, test and run applications across multiple quantum hardware environments. Classiq is a global quantum software company that has
Samsung C&T Engineering & Construction said Wednesday it signed a memorandum of understanding with Japan's infrastructure services company Infroneer Holdings to cooperate on global infrastructure development, concession and public-private partnership projects. Infroneer Holdings is one of Japan's leading infrastructure operators, with businesses spanning airports, roads, water facilities and stadiums through concession and public-private partnership models. Under the agreement, Samsung C&T will
GC Wellbeing said Monday it has signed a license-in agreement with Israeli biotech company Raziel Therapeutics to commercialize its next-generation localized fat-dissolving injectable treatment in Korea. Under the agreement, GC Wellbeing obtained exclusive rights to develop and market the candidate in Korea. The drug is currently being prepared for a Phase 3 clinical trial in the United States after completing discussions with the US Food and Drug Administration on the trial design. The deal is
South Korea on Thursday launched a joint financing alliance with its three biggest shipbuilders and major state policy lenders to drive a $150 billion Korea-US shipbuilding investment initiative aimed at expanding Korean companies' presence in the US market. The Ministry of Trade, Industry and Resources said the Korea-US Strategic Investment Corp., the Export-Import Bank of Korea, Korea Development Bank, Korea Trade Insurance Corp. and Korea Ocean Business Corp. signed an agreement with HD Hyund
The Export-Import Bank of Korea will provide $110 million in financing for Doosan's planned copper clad laminate production facility in Thailand, the policy lender said Wednesday, as it seeks to support the expansion of AI-related supply chains beyond China. The plant, which will manufacture high-end CCL used in AI networking equipment, is scheduled to begin construction this year at the Araya Industrial Park in Thailand. The funding follows a memorandum of understanding signed between Korea Exi
Kakao Bank said Tuesday it had held talks with the governor of Mongolia's central bank and executives from MCS Group on expanding cooperation in digital banking and financial innovation in the country. The meeting was held during the Korea visit of Narantsogt Sanjaa, governor of the Bank of Mongolia, and was attended by Kakao Bank CEO Yun Ho-young and representatives from Mongolia's MCS Group. Kakao Bank introduced its digital banking platform, customer-focused user experience and interface capa
Hanwha Galleria has extended exclusive talks with private equity firm H&Q Equity Partners over the sale of its stake in Five Guys Korea, as the two sides continue negotiations on a potential deal. The retail arm of Hanwha Group renewed a memorandum of understanding with H&Q after the exclusivity period under their previous agreement, signed Dec. 17, 2025, was set to expire. The extension allows both parties additional time to complete due diligence and negotiate final terms. “We plan to sign a d
Chipotle bets on Korea for first bite of Asia
Samsung vs. LG battle for AI cooling heats up
Musinsa posts record earnings on offline, global expansion
One purchase every 0.9 second: Olive Young foreign sales top W1tr
Samsung, SK hynix tax payments surge 167% on chip boom
SK Chemicals eyes European can-coating market
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