Korea Aerospace Industries (KAI) has begun accepting submissions for the 24th Aerospace Paper Competition, which is sponsored by the Aerospace Administration, the Korea Aerospace Industry Promotion Association, and the Korean Society for Aeronautics and Astronautics.This competition, which has been ongoing for over 20 years, aims to discover and nurture talent that will lead the future of South Korea's aerospace industry. It is open to all undergraduate and graduate students in South Korea who h

Chinese IT company Huawei has entered the bidding process for a data center construction project in Egypt. Observers expect that President Xi Jinping will lend his support to help Huawei secure the contract.According to Bloomberg, Huawei has proposed the establishment of an AI data center for public sectors, including military and security, to the Egyptian government. The proposal includes supplying 1,408 top-tier Ascend 950 series chips for AI training in the cloud. Additionally, 600 chips from

The melting ice in the Arctic is reshaping the global shipping landscape. The government has identified the Arctic route as a new national growth axis, accelerating pilot operations, special legislation, and the development of hub ports. Following an examination of the readiness and strategies of Busan, Ulsan, and Pohang's Yeongilman ports, this article explores the competitive advantages Ulsan Port must secure in the Arctic route era. Ulsan Port's most realistic competitiv

Hyundai Glovis' K-culture air forwarding business continues to grow. The company is expanding its transportation services to include high-value consumer goods such as popular Korean cosmetics and K-pop albums, as well as art pieces, while accelerating efforts to secure non-affiliated clients.On August 27, Hyundai Glovis announced that it has secured air transport contracts for cosmetics and albums with A.P.R. and SM Entertainment, and is currently transporting related shipments.A.P.R.'s cosmetic

Kang Tae-young, CEO of NH Nonghyup Bank, has joined a campaign aimed at preventing illegal financial activities and supporting vulnerable financial groups.On August 27, NH Nonghyup Bank announced that Kang participated in the 'Finance that Saves Lives Relay Campaign,' which aims to promote the value of inclusive finance by preventing financial harm to citizens and supporting economic recovery.The campaign is organized by the Korea Inclusive Finance Agency, with participation from officials of fi

Meta, the operator of Facebook and Instagram, has reached a settlement of up to $17.1 billion in a lawsuit with U.S. state governments over allegations that it designed social media to be addictive for children and teenagers.On August 26, local time, the offices of attorneys general from states including New York and California announced that Meta has agreed to pay a substantial settlement and enhance protections for minors on Facebook and Instagram. The agreement is subject to court approval be

Shinhan Investment Corp. announced on August 27 that it has raised its target price for Hanmi Pharmaceutical from 510,000 won to 650,000 won, an increase of 27.5%, following the large-scale technology export of an obesity drug candidate. The investment recommendation remains a 'buy.'Lee Ho-cheol, a researcher at Shinhan Investment, stated, "The technology export of HM17321 has confirmed big pharmaceutical companies' interest in next-generation obesity treatments. A reevaluation of Hanmi Pharmace

The South Korean government has begun gathering public opinion and initiating discussions regarding its potential membership in the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP). The government plans to analyze the economic impacts and industry-specific effects while considering the concerns of the sensitive agricultural and fisheries sectors before making a decision on membership.On August 27, the Ministry of Economy and Finance held the 273rd Foreign Economic Mi

Doosan Enerbility announced that it has formed an emergency response team to assist with search and rescue efforts following severe flooding in the Rasuwagadhi region of Nepal on August 26 at 9:30 a.m. local time.As of August 27, the company reported that there are a total of 20 Korean employees working at the site. Of the 15 employees present when the flooding occurred, six remain uncontacted.Doosan Enerbility stated, "We have confirmed that some employees are currently unreachable at the Upper