ECONOMY

Unlocking the Future: Inside Samsung Leads 6G Race with Meta, Qualcomm

Samsung Electronics announced on Tuesday its participation in the global consortium Verizon 6G Innovation Forum to shape the future of 6G wireless communication and accelerate related technology development.The consortium, spearheaded by U.S. telecom

AI EV Battery Lab: How LG Chem's New Smart Lab Will Revolutionize Analysis!

LG Chem announced on Monday that it has established the first Autonomous Smart Lab in the South Korean chemical industry at the Analytical Research Center of its Daejeon Technology Research Institute.The Analytical Research Center plays a key role in

OpenAI Unveils New AI Model: Are Higher Subscription Fees on the Horizon?

OpenAI is set to launch a new computationally intensive artificial intelligence (AI) model.Given the substantial computational resources invested in enhancing this model's performance, the company has signaled a premium service strategy that will inc

Dramatic Price Surge: D-RAM Prices Set to Jump 13-18% in Q4 2023!

Analysts forecast a 13-18% increase in dynamic random access memory (DRAM) prices for Q4 this year, fueled by demand for server DRAM and high-bandwidth memory (HBM).Market research firm TrendForce reported on Wednesday that general-purpose DRAM price

AI-Powered Ship of Samsung Heavy Industries, Successfully Crosses Pacific: A Game-Changer for Maritime Logistics!

Samsung Heavy Industries announced on Thursday that it successfully completed a trans-Pacific demonstration to validate its independently developed artificial intelligence (AI) autonomous navigation system (SAS). The successful long-distance navigati

Hyundai and Kia Unveil Game-Changing Tires That Slash Carbon Emissions by 3kg Per Vehicle!

Hyundai Motor Company (Hyundai) and Kia have successfully developed a groundbreaking tire technology that can reduce carbon emissions by more than 3 kg (about 6.6 pounds) per vehicle.On Tuesday, Hyundai and Kia announced the development of an innovat

EU's New Cyber Law, Adding Security to Tractors for Europe's $17.7M Fine Threat

Daedong Industrial (Daedong) announced on Thursday that it has begun developing a security system to comply with the European Union's Cyber Resilience Act (CRA).The CRA, scheduled to take effect in December 2027, is a regulation mandating security re

Hyundai and Kia Sales Surge in US, but Experts Warn Tariff-induced Price Hikes Have Reached Their Limit

In August, Hyundai Motor Group's average transaction price (ATP) in the U.S. reached a yearly high, exceeding 39,000 USD. This surge is largely driven by robust sales of higher-priced vehicles, particularly hybrid electric vehicles (HEVs). However, s

HD Hyundai Partnership Bolsters European Fuel Cell Maker, Reinforcing US Ally’s Climate Goals

On Wednesday, Elcogen, a fuel cell company backed by HD Hyundai's climate response strategy, unveiled a new manufacturing facility in Liivamäe, Harju County, Estonia.The state-of-the-art plant is set to produce solid oxide fuel cells (SOFC) and elect

Nvidia at Center of Fierce HBM4 Competition Between SK Hynix, Samsung, and Micron

The era of sixth-generation high-bandwidth memory (HBM4), the next-generation artificial intelligence (AI) semiconductor memory, is dawning, intensifying competition among memory chip manufacturers.Notably, with Samsung Electronics and Micron joining