open innovation
Scope
Date
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Electronics
ASM to invest $100 mn to expand R&D facilities in S.Korea
The Netherlands-based semiconductor equipment maker ASM will invest $100 million (132 billion won) to boost its R&D and production capacities in...
May 24, 2023 (Gmt+09:00)
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Aerospace & Defense
S.Korean Army opens Future & Innovation Research Center at KAIST
South Korean army announced that the Korea Army Research Center for Future & Innovation, a defense-related advanced science and technology resea...
May 22, 2023 (Gmt+09:00)
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Corporate strategy
LG Innotek seeks to bolster innovation through a broader talent pool
Efforts by LG Innotek Co. to diversify its talent pool have borne fruit by boosting its competitive edge, under its chief executive's focus on bro...
May 22, 2023 (Gmt+09:00)
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Bio & Pharma
Sartorius to build $600 mn Korea facilities, open to more investment
Sartorius AG, a global pharmaceutical and laboratory equipment supplier, plans to spend $600 million on its first facilities in South Korea, about s...
May 18, 2023 (Gmt+09:00)
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Tech, Media & Telecom
KT to open medical checkup center in Hanoi, Vietnam
South Korea's KT Corp. next year will launch a medical checkup center in Hanoi, Vietnam, under a strategy to advance its digital healthcare business...
May 15, 2023 (Gmt+09:00)
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Electronics
Samsung Electronics to open flagship store in Seoul's Gangnam district
Samsung Electronics Co. in late June will open its new flagship store Samsung Gangnam near Gangnam Station, a posh area of Seoul.Sources from the in...
May 11, 2023 (Gmt+09:00)
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Tech, Media & Telecom
S.Korea to prop up quantum tech with academia, private sector
South Korea, trailing in the global race for quantum technology, will open a new quantum technology-dedicated graduate school with a consortium led ...
May 10, 2023 (Gmt+09:00)
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Food & Beverage
Canada's leading coffee brand Tim Hortons to enter S.Korea
Canada's No. 1 coffee chain Tim Hortons unveiled plans on Wednesday to enter South Korea, announcing its intention to open its first flagship store ...
May 10, 2023 (Gmt+09:00)
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Tech, Media & Telecom
LG Uplus to open cyber security dept. at Soongsil Univ.
In a first for the company, South Korea’s LG Uplus Corp. will set up a cyber security department that offers employment at Soongsil University...
May 10, 2023 (Gmt+09:00)
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Economy
Seoul eyes opening doors to domestic helpers from Southeast Asia
Seoul is slated to welcome domestic helpers from Southeast Asia later this year to ease the burden of childcare and address issues surrounding Korea...
May 08, 2023 (Gmt+09:00)
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Business & Politics
S.Korea to launch 10 global innovation special zones by 2027
South Korean government plans to create ten global innovation special zones by 2027, implementing a negative regulation system for the first time in...
May 08, 2023 (Gmt+09:00)
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The Deep Dive
Hyundai’s quantum leap: how it shines through in crisis
Hyundai Motor Co. and its affiliate Kia Corp. are slated to log a combined 150 million units of car sales this month. The carmakers of Hyundai Motor...
May 07, 2023 (Gmt+09:00)
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Earnings
SK Innovation’s battery sales at record high, production yield improved
SK Innovation Co. said on Thursday its battery affiliate SK On Co. posted record quarterly sales following a facility ramp-up in the US to meet risi...
May 04, 2023 (Gmt+09:00)
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ESG
LS Group opens LS Dream Center in Hanoi for Korean-Vietnamese families
South Korea's LS Group said on Thursday that it has partnered with a domestic non-government organization (NGO) Cooperation and Participation in Ove...
May 04, 2023 (Gmt+09:00)
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Automobiles
Hyundai Mobis to lead mobility platform innovation: CEO Cho
Hyundai Mobis Co. will take another leap forward to become a mobility platform provider for future mobility technologies and bolster its new growth ...
Apr 28, 2023 (Gmt+09:00)
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The KED View
In South Korea, innovation is subject to regulatory approval
In a country like South Korea with few natural resources to run its economy, innovations or brilliant business ideas are crucial to its survival.It ...
Apr 26, 2023 (Gmt+09:00)
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Aerospace & Defense
S.Korea, Airbus plan to open domestic tech research center
South Korea and European aircraft maker Airbus Group will open a technology research center in the country and discuss boosting cooperation in suppl...
Apr 26, 2023 (Gmt+09:00)
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Energy
SK, KHNP partner with TerraPower for SMR development
SK Inc., SK Innovation Co. are partnering with Korea Hydro & Nuclear Power Co. (KHNP) and TerraPower, a US small modular reactor (SMR) des...
Apr 26, 2023 (Gmt+09:00)
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Electronics
Samsung, MS open Gaming Hubs in London, New York
Samsung Electronics Co. has partnered with Microsoft to launch gaming hubs in the heart of London and New York. The two companies have installed Sam...
Apr 25, 2023 (Gmt+09:00)
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Tech, Media & Telecom
LG Elec gets open-source software security certification
South Korean electronics giant LG Electronics Inc. announced on Friday that it has been recognized as a company that complies with the "Internationa...
Apr 21, 2023 (Gmt+09:00)
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Logistics
CJ OliveNetworks opens S.Korea's first logistics center with 5G
South Korea's digital service company CJ OliveNetworks on Thursday said it set up the mobile communications network "Ieum 5G" exclusively for busine...
Apr 21, 2023 (Gmt+09:00)
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Research & Development
POSCO Holdings opens new R&D center in Pohang
POSCO Holdings said on Thursday that it has opened a headquarters for POSCO N.EX.T Hub, which will lead the R&D efforts for the entire POSCO G...
Apr 20, 2023 (Gmt+09:00)
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Travel & Leisure
Korea Tourism Organization to host K-Tourist Festival in Japan
The Korea Tourism Organization announced on Thursday that it will hold a "K-Tourism Festival" on Apr. 21-22 in Hiroshima and Fukuoka, the key market...
Apr 20, 2023 (Gmt+09:00)
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Batteries
SK On to attract $1.1 bn from BlackRock, MBK consortium
SK On Co., the world’s fifth-largest battery maker, is slated to attract 1.5 trillion won ($1.1 billion) from a consortium of US private equit...
Apr 20, 2023 (Gmt+09:00)
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Healthcare
Samsung unveils HealthStack at US healthcare tech exhibition
Samsung Electronics Co. announced on Tuesday that it will showcase Samsung HealthStack ver. 1.0 at the "2023 HIMSS Global Health Conference & Ex...
Apr 18, 2023 (Gmt+09:00)
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Bio & Pharma
Lotte Biologics to invest additional $48 mn in US plant
South Korea’s Lotte Biologics Co. held a plaque ceremony on Monday to commemorate the acquisition of a pharmaceutical production plant from Br...
Apr 18, 2023 (Gmt+09:00)
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Bio & Pharma
S.Korea’s KOTRA to aid domestic pharmaceutical firms in Japan entry
The government-run (South) Korea Trade-Investment Promotion Agency (KOTRA) announced on Tuesday that it will hold an export consultation meeting for...
Apr 18, 2023 (Gmt+09:00)
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Korean startups
Samsung Electronics opens 3rd C-Lab Outside regional hub
Samsung Electronics Co. on Thursday opened the third regional center of its C-Lab Outside, a corporate partnership program to nurture local startups...
Apr 13, 2023 (Gmt+09:00)
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Retail
Hyundai Dept. Store to open first Disney Store in Korea
South Korea's Hyundai Department Store Co. said on Thursday that it has acquired the operating rights of Disney Store, a retail brand of Walt Disney...
Apr 13, 2023 (Gmt+09:00)
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Retail
Lotte Department Store plans to open Line Friends pop-up store
South Korea's Lotte Department Store seeks to attract foreign tourists amid Golden Week holidays in Southeast Asia.Tourists from the region are expe...
Apr 13, 2023 (Gmt+09:00)