ECONOMY

LG Electronics says U.S. Tariff Refund Process Underway, Size and Timing Unclear

LG Electronics said on April 29 that it is proceeding with a refund process related to tariffs previously paid to the United States.Song Ji-ho, head of the Trade and Tariff Office, said during a first-quarter earnings conference call that “LG Electro

Hyundai Engineering Secures $309 Million for U.S. Solar Power Plant Project in Texas

Hyundai Engineering has secured around $309 million in project financing (PF) for a solar power project in the United States and will begin full-scale construction.The company said on April 29 it signed a project financing agreement worth about $309

Bithumb Implements Quantum-Resistant Cryptography for Ultimate Asset Protection

Cryptocurrency exchange Bithumb is ramping up its security measures by implementing post-quantum cryptography (PQC) to combat potential threats from emerging technologies like quantum computers.On Thursday, Bithumb unveiled its strategy to adopt next

Korea's Government Considers Participating in Anthropic's Project Glasswing for Mythos Access

The government is responding to the Mythos Shock, which suggests that artificial intelligence (AI) will upend existing security paradigms. They are particularly exploring ways to gain access to Anthropic's AI model, Claude Mythos. However, some criti

HD Hyundai XiteSolution Introduces First Autonomous Excavator to Construction Site

HD Hyundai XiteSolution has introduced its first unmanned autonomous excavator to a construction site.The company announced on Wednesday that it has delivered the cutting-edge machine to a project run by KIBAG, a major European construction firm. Thi

New 3D Printing Technology Creates Complex Structures in Just 1 Minute

A groundbreaking three-dimensional (3D) printing technology has been unveiled, capable of producing small three-dimensional structures every minute.On Wednesday, a research team led by Professor Jeong Im-doo from the Department of Mechanical Engineer

Middle East Conflict Shifts South Korea's Oil Imports and Higher Reliance on U.S. Import

The ongoing Middle East conflict has led to a decline in imports of crude oil and other key petroleum products. A trend towards diversifying import sources for raw materials heavily dependent on the Middle East, such as naphtha and helium, has also b

APR's Growth Surge: Target Price Soars 42.1% Amid U.S. and European Expansion

Yuanta Securities has raised its target price for APR by 42.1% to 540,000 KRW (about 367 USD) on April 27, citing improved growth prospects through expansion in U.S. and European markets. The firm maintains its Buy recommendation.Analysts at Yuanta S

Hyundai Partners with NVIDIA to Accelerate Autonomous Driving Technology

Hyundai Motor Company has announced plans to accelerate the development of software-defined vehicles (SDV) and autonomous driving technology through collaboration with American artificial intelligence (AI) semiconductor firm NVIDIA. This partnership

Samsung and POSTECH Unveil Groundbreaking 2D/3D Display Technology

Samsung Electronics announced on April 23 that it has developed groundbreaking display technology in partnership with POSTECH. This innovation allows users to effortlessly switch between high-resolution two dimensional (2D) images and immersive three