GlobalEconomic GlobalEdition

February 1, 2023

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MGI opens its 1st customer experience center in Europe

2022.10.25 09:55

MGI Tech Co. Ltd. (MGI), a Shenzhen-based company committed to building core tools and technology to lead life science, on Friday announced the opening of its first overseas Customer Experience Center in Riga, Latvia (CEC Riga).Located inside MGI Latvia, the manufacturing center for MGI’s businesses in Europe and Africa, CEC Riga serves as a service hub for customers and partners by providing them with expertise in high-throughput sequencing technology and specialized automation workflows.“Aligned with MGI’s mission to develop and promote advanced life science tools for future healthcare, t
Korean Air jet overruns runway in Cebu, third accident this year

2022.10.25 09:50

A series of Korean Air jet accidents has raised safety concerns. Korean Air said it is doing its best to set and implement safety measures.According to the aviation industry sources on the 24th, a Korean Air A330-300 passenger jet (KE631) overran a runway at 11:07 p.m. at Mactan-Cebu International Airport in the Philippines. The plane landed on the third attempt, in bad weather, but stopped about 250 meters away from the end of the runway. The front wheels and body of the plane were damaged due to the accident. Passengers escaped from the plane through an emergency slide. There were no injurie
Doosan Enerbility, E1 to cooperate for clean hydrogen, ammonia business

2022.10.25 09:44

Doosan Energy and E1 will engage in strategic cooperation throughout the value chain, including production, storage, transportation, and utilization of clean hydrogen and ammonia.Doosan Energy said Monday that it has signed a MOU agreement with E1 to jointly carry out clean hydrogen and ammonia projects. The two companies will also form a council for related projects.Doosan Energy will provide technologies necessary for the project, such as mixed combustion hydrogen turbine that can reduce carbon emissions, water electrolysis that produces hydrogen by electrolyzing water, and cracking that ext
Hyundai Motor Chairman Chung Eui-sun to attend groundbreaking ceremony of US Georgia EV plant

2022.10.25 09:42

Hyundai Motor Group Chairman Chung Eui-sun is on a business trip again to attend the groundbreaking ceremony for the group’s first electric vehicle (EV) plant in Georgia, the U.S.According to industry sources on Monday, Chairman Chung left for the U.S. on a private jet from on this afternoon.He will attend the groundbreaking ceremony for Hyundai Motor Group’s EV plant in Savannah, Georgia, on Tuesday.This is Chairman Chung’s sixth business trip to the U.S. this year.Hyundai Motor Group said in May that it will invest $5.5 billion (about 7.8 trillion won) to set up its first EV plant in Sava
Baidu receives SZ’s 1st permit for assistant driving map

2022.10.24 09:47

SHENZHEN and Guangzhou, two of Guangdong’s megacities, issued their first licenses for urban high-level assistant driving maps with Baidu. The company is among the first batch to be issued the permit.Baidu obtaining its license means that Baidu Map will help automakers to mass produce intelligent vehicles equipped with urban navigation on pilot functions, realizing intelligent assisted driving, integrating parking, high-speed and urban scenarios on roads, according to a release the company issued Monday.High-precision mapping is one of the important infrastructures to realize autonomous drivi
KHNP expected to win nuclear plant order in Poland

2022.10.24 09:41

Korea Hydro & Nuclear Power Co., Ltd. (KHNP) is expected to win orders for nuclear plants in Poland following a contract to supply equipment for the El Dabaa Nuclear Power Plant in Egypt. It is the result of ‘nuclear plant sales’ activities conducted by President Yoon Suk-yeol, Minister of Trade, Industry and Energy Lee Chang-yang, and KHNP President Hwang Joo-ho in Poland.If KHNP wins the order for the Polish nuclear plant project, Yoon’s ‘nuclear power plant export drive’ is expected to be accelerated. In particular, it is expected to have a positive impact on orders for nuclear plant p
Ioniq 5 picked as US MotorTrend’s 2023 SUV of the Year

2022.10.24 09:39

Hyundai Motor’s Ioniq 5 has been picked as the ‘2023 SUV of the Year’ by MotorTrend, a U.S. auto magazine. It is the first time that the electric vehicle (EV) has been selected.Hyundai Motor said Friday that the Ioniq 5 has been selected as the 2023 SUV of the Year by Motor Trend. This is the first time that Hyundai has won the award.In particular, it was the first EV to win the SUV of the Year announced by MotorTrend. A total of 45 SUVs were evaluated, and 25 of which were electrified.IONIQ 5 stood out from the strong competition with its stylish exterior, spacious and comfortable interior
POSCO International signs supply contract worth 3.2 trillion won

2022.10.24 09:38

POSCO International said Friday that it has signed an LNG sales and purchase agreement worth about 3.2 trillion won with its affiliate POSCO International Singapore.The contract amount reaches 9.6% of the recent sales, and the contract period is from November 1, 2026 to October 31, 2041.
Ceremorphic tapes out AI supercomputing chip on TSMC 5nm node featuring circuit technology

2022.10.19 09:53

Ceremorphic ® Inc., developer of the most reliable and energy AI supercomputing architecture, announced today that it has successfully taped out its first 5nm chip with its partner TSMC. As the only AI supercomputing chip to solve the high-performance computing needs in reliability, security and power consumption at scale, the Ceremorphic solution delivers the performance required for next-generation applications such as AI model training, HPC, drug discovery and metaverse processing."Ceremorphic is the first company to tape out an AI supercomputing chip in the advanced 5nm process node, repr

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S. Korean battery makers posts all-time performance despite economic downturn

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