Economy
Business·Industry
Boryung Spins Off ETC Business Unit… Establishes “Boryung Pharma Solutions” as a Wholly-Owned Subsidiary
Boryung CI (Photo courtesy of Boryung)
Boryung(003850)Boryung will spin off its prescription drug (ETC) sales division through a corporate split to establish “Boryung Pharma Solution (BPS),” a sub…
Business·Industry
Suspicious Funds Flowing into ‘Genencell’s New COVID-19 Drug’… ‘Swarming’ of Insiders Behind the Scenes
Although Genencell was an unlisted company, it was a biotech firm that attracted significant funding at the time by riding the “COVID-19 treatment” trend. In particular, when tracking management contr…
Business·Industry
Electric Heating for Apartments… LGELECTRONICS Conducts First Heat Pump Demonstration at Jeju Apartments
LGELECTRONICS is launching a pilot project for “boiler-free apartments” that replaces existing boilers and gas piping with heat pumps. This marks the first instance in South Korea where a heat pump sy…
Business·Industry
AI Conducts Experiments and Robots Run Factories… A Look at the Results of LG Corp.’s “Expert AI” Deployment in the Field
LG Corp. is accelerating innovation in industrial settings by leveraging “expert artificial intelligence (AI)” to solve complex challenges in sectors such as manufacturing, finance, and science. Follo…
Business·Industry
Murata, the World’s No. 1 Manufacturer, Also Phases Out General-Purpose MLCCs… Full-Scale Shift to High-Value-Added Products Driven by AI Begins
Artificial intelligence (AI) is even changing the production priorities on multilayer ceramic capacitor (MLCC) production lines. This follows the decision by Japan’s Murata, the world’s leading manufa…
Business·Industry
LG Corp. to Make Early Payments of 600 Billion Won to Suppliers Ahead of Chuseok… Up to 13 Days Earlier Than Scheduled
Ahead of Chuseok, LG Corp. will pay 600 billion won in supplier invoices earlier than scheduled to ease the financial burden on its suppliers. The company will also operate a separate financial suppor…
Business·Industry
Samsung Injects 1.3 Trillion Ahead of Chuseok… Keeps Its “5 Trillion Promise” Once Again
Ahead of Chuseok, Samsung will pay 1.3 trillion won in supplier invoices earlier than scheduled to ease the financial burden on its partner companies. The company is also opening a marketplace for emp…
Business·Industry
Korea Tourism Organization and Nexon Join Forces to Showcase Korean Culture in K-Games
Data from the Korea Tourism Organization (KTO) will be used in a video game inspired by the classic novel *The Legend of Jeon Woo-chi*. The goal is to provide high-quality tourism images and video dat…
Business·Industry
LG Corp. Unveils ‘Expert AI’ to Solve Industrial Challenges… Accelerating the Move Toward Autonomous Factories
LG Corp. has unveiled examples of its proprietary artificial intelligence (AI) system, “ExaOne,” being utilized as “expert AI” tailored to specific industrial settings. The company introduced various …
Business·Industry
LGELECTRONICS Opens First B2B AI Home Showroom in the Middle East in Saudi Arabia… Targeting an $8.7 Billion Market
LGELECTRONICS has opened the Middle East’s first business-to-business (B2B) dedicated artificial intelligence (AI) home experience center in Saudi Arabia. The company is targeting local construction f…