Samsung SDI strikes energy deal in Germany
Samsung SDI, said Wednesday that it signed a memorandum of understanding (MOU) with German-based KACO for the cooperation of mutually-interested businesses and to supply SDI’s fine-tuned energy storage system (ESS) solutions. The agreement came during SDI’s CEO Park Sang Jin’s participation of an industry forum in Munich, Germany. Under the MOU, Samsung SDI will supply […]
M&A frenzy
SK hynix takes over US LAMD to bolster NAND flash business SK hynix has been in the limelight in the global M&A market after taking over two foreign companies in the past month, a move seen as SK Group’s attempt to foster the chipmaker as its growth engine. The bold move is in line with […]
Chinese space and sea explorers unleash national pride
BEIJING, June 19 (Xinhua) — Two groups of Chinese explorers have drawn a huge amount of public attention and unleashed national pride in the country’s online community with scientific feats stretching from the faraway heavens to the depths of the sea. One group set a new national record of 6,965 meters for a deep-sea dive […]
China’s manned submersible reaches 6,965 meters under sea
ABOARD XIANGYANGHONG 09, June 19 (Xinhua) — China’s manned deep-sea submersible, the Jiaolong, reached a depth of 6,965 meters below sea level on Tuesday during its second dive into the Mariana Trench, surpassing a fresh national record set earlier in the day. The vessel sat on the sea bed and started working at that depth. […]
China Focus: UN official, experts call for int’l cooperation in space program
JIUQUAN, June 16 (Xinhua) — China’s space station will be an ideal international cooperation platform and the world is expecting China to escalate its space program, said a senior official of the United Nations after watching the launch of the Shenzhou-9 spacecraft in the Gobi desert on Saturday. Dr. Mazlan Othman, director of the Vienna-headquartered […]
Autism-causing genetic factor found
Korean researchers have discovered the genetic factor causing autism, paving the way for proper treatment of the disease. The Ministry of Education, Science and Technology announced Thursday that the Korean research team led by professor Kang Bong-kiun of Seoul National University, Lee Min-goo of Yonsei University, and Kim Eun-joon of KAIST, jointly wrote a paper […]
Speculation mounts over NCsoft
CEO Kim’s stake sale may have negative effect on new game Game developer NCsoft is attracting unwanted attention after a recent below market price sale of shares in the company by its chief executive evoked much speculation, while a press conference to trail its forthcoming new game is less than a week away. NCsoft is […]
Samsung hopes China will help soften crisis
Samsung Electronics is preparing to make China the new center of its activities, hoping that a strengthened position in the world’s fastest-growing economy will provide a cushion to absorb business rockiness in shell-shocked nations in the West. To explore new business opportunities Choi Gee-sung, the former Samsung Electronics CEO who was recently promoted to overall […]
Korea prohibits trade of online game items
Korea has decided to ban trade for commercial game items from the second half of this year as a measure aimed at encouraging students to not waste time. The Ministry of Culture, Sports and Tourism has announced that it is planning to halt all virtual item trades with a new law, to be announced sometime […]
SK hynix establishes R&D center in Italy
SK hynix announced Tuesday that it has established its first European research center by acquiring an Italy-based flash-type chip producer. This is the first time for the Korean chipmaker to buy a foreign firm in a decade. Early this year, Korea’s biggest mobile carrier SK Telecom purchased a controlling stake of Hynix and renamed it […]
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