Manufacturers Accelerate AI Supply Chain Support for Partners
More than 40% of major manufacturing companies in South Korea are supporting the artificial intelligence transition (AX) of their partners. This reflects a broader effort to enhance competitiveness in the manufacturing sector by expanding AI utilization across the entire supply chain.The Korea Economic Association announced on August 13 that a survey conducted by Monoresearch among the top 800 manufacturing companies revealed that 45% of the 200 responding companies are providing support for the
Daehan Electric Wire Deploys Skandi Connector for Offshore Wind Projects
Daehan Electric Wire is set to deploy the Skandi Connector, a 11,000-ton cable laying vessel (CLV) acquired in May, for the first time this month at an offshore wind site. The addition of this large vessel alongside the existing CLV Palos enhances the company's turnkey construction capabilities, allowing for simultaneous production, transportation, installation, and burial of underwater cables.On August 12, Daehan Electric Wire held a safety ceremony for the Skandi Connector at the Orient Shipya
Ruling Party Criticizes Opposition for Real Estate Attacks Amid Supply Issues
Members of the Democratic Party from Seoul's National Assembly and city council criticized the People Power Party on August 13 for focusing on attacking the Lee Jae-myung administration over real estate supply issues. They emphasized that the root causes of the supply problems lie with former President Lee Myung-bak and Seoul Mayor Oh Se-hoon.During a meeting held by the Democratic Party's Seoul chapter and its 'Seoul City Policy Reform Task Force' at the Seoul City Council, Representative Kim Y
Hyundai Rotem Partners with KAI to Develop Long-Range Missiles for KF-21
Hyundai Rotem is collaborating with Korea Aerospace Industries (KAI) to develop long-range air-to-air missiles and other aerospace armament technologies for the KF-21 fighter jet.On August 12, Hyundai Rotem announced that it signed a memorandum of understanding (MOU) with KAI at KAI's headquarters in Sacheon, South Gyeongsang Province.The agreement aims to enhance the competitiveness of total solutions by combining Hyundai Rotem's guided weapon and propulsion technology with KAI's aircraft platf
Blue House Policy Chief Resumes Social Media Activity After 17 Days
Kim Yong-beom, the Blue House Policy Chief, resumed his Facebook activity after a 17-day hiatus. His return to social media comes after opposition calls for his resignation following the controversy surrounding a leveraged exchange-traded fund (ETF) focused on a single stock. Kim has now shifted the conversation back to fostering future growth engines.On the night of August 12, Kim posted on Facebook under the title '3 Mega and 7 SEED,' stating, "The capital from industries making money today mu
Baek Jong-won Expands Global Reach with TBK Sauce in U.S. Restaurants
Baek Jong-won, CEO of DBKorea, is accelerating efforts to penetrate international markets with his 'TBK sauce.' He is directly visiting restaurants in the U.S. to propose menu items and cooking methods that utilize the sauce, thereby broadening connections with local dining establishments.On August 12, DBKorea announced that Baek visited the 'Oshigye' restaurant in Los Angeles, where he discussed menu options and product supply collaborations with chefs using TBK sauce.After assessing the kitche
Eugene Investment Securities Raises GS Construction Target Price Amid AI Data Center Growth
Eugene Investment Securities announced on August 13 that it has raised its target price for GS Construction from 34,000 won to 48,000 won, citing increased visibility in the Donghae AI Data Center (AIDC) project, which is expected to significantly offset the profit gap resulting from the sale of GS Enima. The firm maintained its 'buy' rating.Research analyst Ryu Tae-hwan stated, "GS Group is pushing to build a 1.2GW AI data center in the Donghae Bukpyeong General Industrial Complex in Gangwon Pr
LS Electric Secures Certification from Canadian Standards Association, Streamlining North American Market Entry
LS Electric is accelerating its entry into the North American power market by obtaining certification as an accredited testing laboratory through the Canadian Standards Association (CSA).On August 13, LS Electric's Power Testing & Technology (PT&T) announced that it has received CSA's 'Membership of Certification Body (WMTL)' accreditation. Under CSA membership, PT&T will conduct product specification tests for electrical equipment and issue CSA certificates directly.CSA is a crucial
Samsung Electronics Opens New HVAC Production Line in India to Boost AI Data Center Strategy
Samsung Electronics is accelerating its entry into the artificial intelligence (AI) data center market with the establishment of a new heating, ventilation, and air conditioning (HVAC) production line in India. As demand for high-performance cooling solutions grows due to the expansion of AI data centers, the company aims to enhance local production capacity to meet the needs of India and the Asia-Pacific region.On August 12, Samsung Electronics held a ceremony to inaugurate the new production l
Korean Indie Game Showcase Supported by KOCCA at BIC and Gamescom
The Korea Creative Content Agency (KOCCA), in collaboration with the Ministry of Culture, Sports and Tourism, is set to host the 'Korea Indie Game Showcase.' This initiative aims to enhance the competitiveness of domestic indie games and expand their reach in international markets through major exhibitions in the second half of the year.On August 13, KOCCA announced its support for participation in the 'Busan Indie Connect Festival 2026 (BIC 2026),' the largest indie game festival in Korea, and