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The Korea Forest Service said Thursday it has signed a framework agreement on forestry cooperation and a separate memorandum of understanding on wildfire management and post-fire restoration with Indonesia’s Ministry of Forestry. The deals cover joint efforts in sustainable forest and mangrove management, wildfire response, and the development of forest carbon markets to address the climate crisis. The agreements were signed by Korea Forest Service Minister Park Eun-sik and Indonesia’s Forestry
Korea Zinc said Thursday it has officially kicked off its $7.4 billion project to build a large-scale mineral processing facility in Tennessee, as the world’s largest zinc smelter accelerates efforts to expand its supply chain in the US. The company held a ceremony in Clarksville on Wednesday to mark the formal start of “Project Crucible.” Attendees included Korea Zinc Chair Choi Yun-beom and senior executives, such as President Park Ki-won, who heads the project. US officials present included S
Amazon Web Services Korea said it plans to invest an additional 7 trillion won ($4.6 billion) in South Korea by 2031 to expand artificial intelligence and cloud infrastructure, while stepping up the use of AI in cybersecurity. The plan, disclosed via the Korea Internet & Security Agency portal, represents the largest investment by a global cloud provider in Korea, bringing AWS’s total investment in the country to 12.6 trillion won. AWS said its operations are expected to contribute about 15.6 tr
Huinno, an AI-based cardiac monitoring startup, said Monday it has signed a strategic partnership with Yuhan USA Corporation to expand into the US digital health care market. Under the agreement, the two companies will collaborate on sales channel development, localized marketing and support for regulatory approval, logistics and operations, aiming to accelerate Huinno’s US market entry. The partnership centers on the rollout of Huinno’s artificial intelligence-based electrocardiogram monitoring
Huons said Wednesday it has signed a distribution and co-promotion agreement with Sanofi Korea, marking its entry into the vaccine market. Under the deal, effective April 1, Huons will handle domestic distribution and co-promotion of five vaccines: influenza vaccines Vaxigrip and Efluelda, Tdap vaccine Adacel, hepatitis A vaccine Avaxim and meningococcal vaccine MenQuadfi. The partnership combines Sanofi’s vaccine portfolio with Huons’ strength in injectable drug sales and cold-chain logistics,
SK Innovation CEO Choo Hyeong-wook on Tuesday reaffirmed the group’s commitment to its battery business at a shareholders meeting in Seoul, dismissing concerns over a potential stake sale of SK On. “SK Innovation remains strongly committed to the battery unit and its long-term growth,” he said. Choo pledged to strengthen profitability and technological competitiveness at SK On as the company continues restructuring amid a slowdown in electric vehicle demand. SK Innovation, he said, is optimizing
The National Pension Service said Monday it has signed a memorandum of understanding with BlackRock, the world’s largest asset manager, to form a strategic partnership across all asset classes. Under the agreement, the two institutions will establish a knowledge-sharing framework covering global macroeconomic trends, market developments, asset allocation, portfolio construction and risk management. They will also exchange insights on investment platforms and infrastructure. The deal broadens coo
SUWON, Gyeonggi Province — Samsung Electronics’ annual shareholders meeting opened to applause on Wednesday, a sharp break from last year’s tense gathering as investors returned in high spirits after the stock’s rebound, record annual revenue and a larger dividend plan. At the company’s 57th annual general meeting at Suwon Convention Center, the contrast with 2025 was evident from the start. A year ago, the room was dominated by frustration over a share price stuck in the 50,000 won ($33.65) ran
Samsung Electronics and SK hynix took center stage at Nvidia’s GPU Technology Conference, unveiling next-generation AI memory technologies as competition intensifies to supply the backbone of the global artificial intelligence boom. At the four-day event in San Jose, Samsung revealed a physical version of its next-generation high-bandwidth memory chip, HBM4E, for the first time — underscoring its push to close the gap in the high-stakes AI memory race. The seventh-generation chip is designed to
SK hynix, the world’s second-largest memory chip maker, is stepping up plans to list on the US market via American Depositary Receipts or ADRs, as it looks to close a persistent valuation gap with global semiconductor peers despite strong AI-driven earnings. SK Group Chairman Chey Tae-won confirmed Monday that the company is actively reviewing an ADR issuance, signaling a more concrete move beyond earlier disclosures. In a regulatory filing in December, SK hynix said it was considering various s
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