SK Ecoplant said Wednesday that the company and its US partner Bloom Energy have completed installation of a fuel cell power plant at Stamford Hospital in Connecticut. Bloom Energy specializes in solid-oxide fuel cells, which can be used for electricity generation and hydrogen production. Previously, SK Ecoplant made 300 billion won ($229 million) of equity investment in Bloom Energy and is prep...

Hana Financial Group said Wednesday that it has signed an agreement with Cha University Medical Center, a medical group specializing in fertility treatments, to make joint efforts to tackle the nation’s chronic low birthrate. The two institutions held a signing ceremony for the new partnership at Cha Bio Complex in Pangyo, Gyeonggi Province, with their leaders, including Hana Financial Group Cha...

Experts say Korean chipmakers have dodged worst-case scenario, but call for diplomacy to put more pressure on Washington

By Cho Ju-hyeon South Korea’s small and medium-size enterprises and startups are facing challenges in exports amid bleak economic outlook and Chinese-dependent business. For survival, small companies should alter their course to diversify exports. As of February, the total amount of exports has decreased for five consecutive months, along with a trade deficit for 12 consecutive months. Exports ...

Hankook Tire & Technology, the world’s sixth-largest tiremaker, said Wednesday it is carrying out various projects under its motor culture brand Made in Hankook for better communication with millennials and Generation Z. Launched in 2021, Made in Hankook pursues a young and dynamic image centered on high technology, innovation, design and motorsports. As Hankook Tire aims to lead innovative chan...

More than 170,000 iPhone users rush to use brand-new service, causing service malfunctions at some stores

South Korea’s SK Group is bolstering the expertise and inclusivity of board directors across its affiliates by adding more females and current and former top executives to the boardroom as part of its ongoing efforts to enhance more responsible management. Ahead of their shareholders’ meetings later this month, the group said Tuesday its 12 key affiliates, including SK Inc., SK hynix, SK Telecom...

South Korean commodities trader Posco International announced Tuesday that it will foster the carbon capture and storage business by establishing a new commercialization team. CCS is a technology that collects and stores carbon dioxide emitted from industries and permanently isolates them from the atmosphere. The collected carbon dioxide is stored underground and is used in artificial seismic wa...

South Korean information technology service provider LG CNS said it launched cloud cost optimization service FinOps Clinic, which assesses clients’ cloud usage to offer the optimal budget and reduce overall cloud spending. More companies are using multiple cloud services from multiple service providers, and the new service is aimed to allow clients to effectively manage their costs by identifyin...

South Korea's exports fell 17.4 percent on-year in the first 20 days of March, data showed Tuesday, amid the protracted downcycle in the global semiconductor industry. The country's outbound shipments stood at $30.9 billion in the March 1-20 period, compared with $37.4 billion a year earlier, according to the data from the Korea Customs Service. Imports decreased 5.7 percent on-year to $37.3 bi...

By Nam Sung-hyun Today is the International Day of Forests. Forests account for 31 percent of the land surface area of the Earth. They play a crucial role in responding to climate change as they absorb 2 billion metric tons of carbon dioxide yearly as a major terrestrial carbon sink. Forests also provide habitats to 80 percent of terrestrial species, proving to be the cornucopia of biodiversity....

Fair Trade Commission Chairman Han Ki-jeong on Monday vowed that the antitrust regulator will seek ways to protect Korean consumers from the possible negative influence of the EU’s new law targeting global big tech companies. The EU’s Digital Market Act, which will come into force this year, aims to prevent global tech giants from abusing their market power and ensure a higher degree of competit...

Korean lender bets big on burgeoning manufacturing sector in Southeast Asia’s largest economy

Posco International said Monday its Vice Chairman Jeong Tak has been named as the company’s new CEO during a shareholders’ meeting held at its headquarters in Incheon, west of Seoul -- the first meeting since the merger with its sister unit Posco Energy on Jan. 1. "Under the leadership of the new CEO, we will continue to maximize shareholder values by aggressively aiming for future growth, with ...