[News Space=Reporter seungwon lee] Korea's leading company POSCO was selected as the number one 'most competitive steel company in the world.' World Steel Dynamics (WSD), a global steel analysis organization, announced the results of the 2024 World-Class Steelmaker Rankings on December 22 (New York local time). Second place goes to Nucor from the United States. Third to fifth places are Nippon Steel, ArcelorMittal, and BaoWu Steel from China. ArcelorMittal is a multinational company created in 2006 through the merger of Indian steel company Mittal Steel and Luxembourg's Arcelor. The 6th to 10t
[News Space=Reporter seungwon lee] New Balance has joined the ranks of brands that have achieved '1 trillion won in sales' as a single domestic fashion brand, and is now competing for the top spot along with Nike, Adidas, The North Face, and Uniqlo, who are already in the 1 trillion won club. Nike, the top sports brand in Korea, is estimated to have sales of around 2 trillion won this year. E-Land World (CEO Dong-ju Cho) announced on the 24th that its global sports brand New Balance has surpassed 1 trillion won in domestic sales this year. In 2008, the first year that E-Land took over New Bala
[News Space=Reporter seungwon lee] Elon Musk's xAI has attracted an additional $6 billion (approximately KRW 8.7 trillion) in investment, once again proving its presence as a latecomer in the artificial intelligence (AI) market led by OpenAI. As the conflict between OpenAI CEO Sam Altman and Tesla CEO Elon Musk over leadership in the artificial intelligence (AI) ecosystem intensifies into lawsuits and a war of public opinion, attention is focused on whether xAI will be able to raise additional large-scale funds and change the landscape of the AI market. Musk participated in the establishment
[News Space=Reporter seungwon lee] The number of executives promoted at the top 30 conglomerates in Korea has decreased by nearly 10% compared to last year. The decrease in executive positions at the level of president or higher was greater than that of lower positions, and only one person was promoted to vice president at the top four conglomerates. It is analyzed that most groups are focusing on efficiency rather than expansion due to increasing domestic and international political uncertainty and the prolonged economic recession amid high interest rates and high prices. According to an anal
[News Space=Reporter seungwon lee] Kolon Spaceworks (CEO Sang-hyun Ahn), a cutting-edge composite materials company of Kolon Group, announced on the 24th that it signed a business agreement (MOU) to strengthen cooperation with private space launch vehicle company Innospace Co., Ltd. (CEO Soo-jong Kim). Kolon Spaceworks has continued its cooperation with Innospace, including supplying key components for Innospace's first domestic civilian test launch vehicle, 'Hanbit-TLV', in March 2023. This MOU was signed to continue this cooperation in more diverse fields. Kolon Spaceworks plans to use this
[News Space=Reporter seungwon lee] LIG Nex1 was disqualified from the Romanian government's short-range air defense system introduction bid due to a document error. It is currently in the process of filing an objection with the Romanian administrative agency. If the objection is accepted, it will be eligible to participate in the bid again. According to industry sources on the 24th, LIG Nex1 filed an objection to the CNSC, Romania’s public procurement administrative agency, regarding its failed bid on December 16. Earlier this month, LIG Nex1 was eliminated in the second round of bids for
[News Space=Reporter seungwon lee] Hyundai Engineering & Construction is commercializing a floor structure rated 1st for inter-floor noise, and is introducing the first quiet apartment in Korea with no inter-floor noise. Hyundai Engineering & Construction announced that it will first apply its self-developed inter-floor noise blocking technology, the 'H Silent Home System II', to 'DH Daechi Edelui', scheduled for completion in the first half of next year, and that it plans to gradually expand the application of the technology to apartment complexes with a floor structure that is rated
[News Space=Reporter seungwon lee] LG Energy Solution is embarking on full-scale commercialization of a new battery management system (BMS) diagnostic solution based on SoC (System-on-Chip). LG Energy Solution announced on the 23rd that it has signed a formal joint promotion agreement with Qualcomm Technologies Inc. for commercialization of SoC-based BMS diagnostic solutions. LG Energy Solution’s new advanced BMS software will be available on Qualcomm’s Snapdragon® Digital Chassis™ and will also be embedded in the Snapdragon® Car-to-Cloud Connected Services Platform, enabling automakers to use
[News Space=Reporter seungwon lee] Orion Group Chairman Dam Chul-gon's eldest son and third-generation owner Dam Seo-won was promoted to executive director at lightning speed. This was only 3 years and 5 months after joining the company, and 2 years after being promoted to managing director. Orion Group conducted its 2025 regular personnel reshuffle on the 23rd with the following content. Executive Director Dam, born in 1989 and 35 years old, is the eldest son of Orion Chairman Dam Chul-gon and his wife, Vice Chairman Lee Hwa-kyung, the second generation owner. Executive Director Dam owns a 1.
[News Space=Reporter seungwon lee] Shinsegae Group Chairman Yong-jin Chung, known to be a close friend of President-elect Trump's eldest son, Trump Jr., met with US President-elect Donald Trump for a meal and conversation. Chairman Chung is the first domestic figure that US President-elect Trump has met with since his victory in the presidential election last month. Chairman Chung met with domestic media correspondents at Atlanta International Airport in Georgia, USA on the 21st (local time) and said, “I met President-elect Trump. We talked for about 10 to 15 minutes. I also had a meal with Pr
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UPDATE: 2024년 12월 27일 06시 00분
