Asoa, an industrial drone manufacturer, said on May 13 that it has signed a memorandum of understanding (MOU) with Doosan Mobility Innovation to develop multi-purpose drones utilizing hydrogen fuel cells on May 10.Through this MOU, both companies are planning to jointly develop drone gas that can be

As part of its strategy to accelerate the development of AI devices for the home, LG has developed its own artificial intelligence chip (AI Chip) with proprietary LG Neural Engine to better mimic the neural network of the human brain to greatly improve the processing of deep learning algorithms.The

Daewoong Pharmaceutical said on May 15 that its homegrown botulinum toxin "Nabota" (Jeuveau TM) was officially launched in the U.S.Jeuveau was the first Korean-made botulinum toxin to win approval for an item license from the U.S. Food and Drug Administration in February. Jeuveau's local sales i

Homeplus was fined 45 million won by the Fair Trade Commission (FTC) for changing the location and area of the rental store and passing on interior design costs without sufficient consultation with the tenant. According to the FTC on May 12, Homeplus' Gumi branch forced four tenants to move thei

Humedix, a subsidiary of Huons Global, will join hands with Johnson & Johnson Medical, a global company specializing in medical devices, to enter the 40 billion won breast prosthesis market in Korea. Humedix said on May 8 that it signed a contract to sell "MENTOR," Johnson & Johnson Medical's br

Rep. Chung Sye-kyun of the ruling Democratic Party of Korea who served as speaker of the 20th National Assembly visited an artificial intelligence (AI)-related small and medium-sized company and showed his will to work hard to provide financial support for technology companies.Rep. Chung visited IVS

Korea Post of the Ministry of Science and ICT, led by President Kang Seong-ju, said on May 2 that the Smart City project jointly pushed by Sejong Post Office and Sejong City won the Smart 50 Awards at the Smart Cities Connect Conference & Expo held in Denver, Colorado, the U.S. for April 1 to 4. The

Hanwha Q Cells said on May 7 that it has supplied 2.529 megawatt (MW) of solar power module Q.PLUS to 21 large discount stores in northern Italy along with Q.FLAT, which is a commercial installation solution.Q.PLUS is the world's first polycrystal high-efficiency module that Hanwha Q Cells succe

Samsung Fire & Marine Insurance said on May 6 that it invested $1.5 billion in Fortuna TopCo Limited, which owns 100 percent of Lloyds Canopius, in London on May 2 to participate in management.Through a partnership with Canopius, Samsung Fire & Marine Insurance plans to enter 'Lloyd's of Lon

POSCO will continue attacking the global energy steel market by participating in the Offshore Technology Conference (OTC), the world's largest maritime technology fair, for the 12th consecutive year. OTC, which runs from May 6-9 in Houston, Texas, is a venue for more than 2,000 companies from ar

Mirae Asset Daewoo said on May 2 that its overseas stock assets have exceeded 6 trillion won. Mirae Asset Daewoo's overseas stock assets reached 6.03 trillion won as of May 1, up more than 500 percent from just 1 trillion won at the end of 2016, when Mirae Asset Daewoo was launched. Mirae Asset

Doosan Heavy Industries and Construction signed an MOU with the U.S.-based nuclear power company NuScale Power in Washington D.C. on April 29 (local time) for cooperation in small modular reactors (SMR) project. NuScale Power, a small nuclear power plant operator, is currently developing small modul

S-OIL, led by CEO Othman Al-Ghamdi, delivered a donation of 100 million won to Ulsan City to support the operation of the Doctor Car Program with the aim of improving the survival rate of trauma patients, a company spokesman said on April 30.As Ulsan City and Ulsan University Hospital chipped in for

Daelim Energy said on April 29 that it has signed a stock sale deal with Energypac, a Bangladeshi private power company, on the Thakurgaon engine power generation project.Daelim Energy has been pushing ahead with the project since November 2017 with Energypac and decided on the final investment afte

KT Chairman Hwang Chang-kyu urged all members of KT Group to make efforts to provide the highest level of 5G services to the public. In particular, he stressed that the practice and inertia should be eliminated so that accidents like Ahyeon Fire do not repeat again.Hwang made the remarks during a "2

Han Sang-beom, vice chairman of LG Display, called for achieving goals for a new leap forward.LG Display said on April 26 that it held a "Decision to Achieve the company's goals in 2019" at its Paju operations in Gyeonggi Province, attended by some 1,000 executives and employees, including CEO H

KT has entered the Hall of Fame for the second consecutive year in the Carbon Disclosure Project (CDP), which evaluates companies' environmental management levels. The Hall of Fame is only open to companies that have been selected as the top five companies for the fifth consecutive years. KT has

Boryung Pharmaceutical held a ceremony on April 23 to mark the completion of a new production complex in Yesan, South Chungcheong Province. The production complex, built with an investment of 160 billion won on some 145,097 square meters of land, is expected to play a pivotal role in Boryung Pharmac

KB Financial Group was named "Carbon Management Sector Honors" in the financial sector for the second consecutive year on April 24 in recognition of its achievements in tackling climate change at the CDP Climate Change 2018. Carbon Disclosure Project (CDP), which is recognized as a global sustainabi

Samsung, which ranked first in terms of sales in the global semiconductor market last year, also ranked "the world's No. 1" in terms of applications for technology patents related to the semiconductor sector.Samsung is the only company to hold more than 5,000 patents, comfortably outpacing major