SEOUL, Aug. 23 (Yonhap) -- Hanwha Aerospace Co., the defense industry unit of South Korea's Hanwha Group, said Friday it has completed building its first overseas plant in Australia to produce self-propelled howitzers and armored vehicles there. The Hanwha Armoured Vehicle Centre of Excellence (H-ACE) will begin the production of the AS9 self-propelled howitzer and

SEOUL, Aug. 20 (Yonhap) -- The industry ministry said Tuesday that it has resumed negotiations with Malaysia to secure a bilateral free trade agreement as South Korea aims to broaden its trade portfolio. The fourth round of negotiations for the FTA kicked off in Kuala Lumpur for a four-day session, marking the first meeting since

SEOUL, Aug. 12 (Yonhap) -- South Korea and Turkey have agreed to extend their currency swap deal by three years, the Bank of Korea (BOK) said Monday. In 2021, the two countries signed their first three-year, 2.3 trillion-won (roughly US$2 billion) currency swap agreement in a move to boost bilateral trade. he three-year agreement, signed

By Song Sang-ho WASHINGTON, Aug. 8 (Yonhap) -- The United States on Thursday announced a conditional commitment for a loan guarantee of up to US$1.45 billion to Hanwha Qcells to support the South Korean company's effort to build a solar supply chain facility in Georgia. The Energy Department's Loan Program Office made the announcement to

SEOUL, Aug. 6 (Yonhap) -- South Korean chip giant SK hynix Inc. said Tuesday it is set to receive up to US$450 in grants from the U.S. government for its investment to build a production base for advanced semiconductor packaging in Indiana. In April, the company announced a plan to invest $3.87 billion to build

SEOUL, July 25 (Yonhap) -- The industry ministry on Thursday pledged governmentwide support for a multibillion-dollar deal with the Czech Republic to build two nuclear reactors in the European nation. Second Vice Industry Minister Choe Nam-ho made the remark at a meeting with senior officials from finance, foreign and science ministries, as well as state-run

SEOUL, July 17 (Yonhap) -- South Korea and the European Union (EU) will kick off their joint research projects on semiconductor technologies this month, Seoul's science ministry said Wednesday. The Ministry of Science and ICT and the Chips Joint Undertaking under the European Commission will form four joint research consortiums on advanced heterogeneous integration and

LG Electronics' new research lab in Frankfurt, Germany (LG Electronics) LG Electronics said Monday it has opened a new research lab in Frankfurt, Germany dedicated to developing its heating, ventilation and air conditioning (HVAC) technologies, with a focus on providing practical air solutions for the European market. The Frankfurt facility, covering around 1,000 square meters,

SEOUL, July 10 (Yonhap) -- A global biotechnology exhibition opened in Seoul on Wednesday with the aim of helping local businesses make inroads into the global market, officials said. The Bioplus-International Pharmaceutical and Manufacturing Expo Korea kicked off in Seoul for a three-day run, inviting 250 businesses from 15 countries, including Samsung Biologics Co. and

  SEOUL, July 4 (Yonhap) -- Samsung Electronics Co., the world's largest memory chipmaker, has newly set up a unit dedicated to developing high bandwidth memory (HBM) in a bid to regain the leadership in the artificial intelligence semiconductor market, industry sources said Thursday. The new HBM development team, part of an organizational overhaul of