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LG CNS has signed a partnership agreement with UK-based physical AI startup PhysicsX to jointly develop next-generation industrial artificial intelligence models, according to industry sources Thursday. PhysicsX, which has received investment from Nvidia and is valued at $2.4 billion, develops industrial AI models that improve engineering and manufacturing processes for clients in industries including aerospace and automotive. PhysicsX recently announced the collaboration on its LinkedIn account
LG Chem said Wednesday it has signed a strategic partnership with Shanghai-based OTR Therapeutics to identify and develop promising oncology drug candidates, strengthening its push into China's fast-growing biotechnology sector. OTR Therapeutics is a biotechnology company that combines in-house research with open innovation to discover and develop treatments for cancer, immunological and inflammatory diseases, and metabolic disorders. Under the agreement, LG Chem will leverage OTR's drug discove
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
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