SK hynix seeks to take over Key Foundry koreatimes.co.kr - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from koreatimes.co.kr Daily Mail and Mail on Sunday newspapers.
Samsung plans to build 1st battery cell plant in US
Posted : 2021-05-17 17:05
Updated : 2021-05-17 17:35
Samsung SDI s booth at the International Electric Vehicle Expo, held on Jeju Island in 2016 / Courtesy of Samsung SDI
By Kim Bo-eun
Samsung SDI is looking to build its first battery cell plant in the United States, as the market for electric vehicles (EV) there is set to see explosive growth, according to industry sources, Monday.
The battery making unit of the nation s largest conglomerate already operates a plant for assembling battery packs in the U.S. state of Michigan, but is behind its rivals in efforts to secure U.S. market share.
SK Bioscience vaccine plant gets EU approval
Posted : 2021-05-17 14:59
By Kim Bo-eun
SK s vaccine contract manufacturer said Monday that it received quality approval from European authorities for its plant that produces COVID-19 vaccines here.
Its Andong plant in North Gyeongsang Province is manufacturㅑㅜㅎ COVID-19 vaccines for U.K. company AstraZeneca on a contract basis, and it plans to do so for U.S. firm Novavax, once drug authorities approve the vaccine.
SK Bioscience said that the European Medicines Agency determined its Andong plant met its good manufacturing practice (GMP) standards. GMP is the minimum standard Europe requires medicine manufacturers to meet in their production processes.
Naver to take part in Bank of Korea s digital currency test
Posted : 2021-05-14 16:31
By Kim Bo-eun
Korean internet services company Naver is set to take part in the Bank of Korea s (BOK) central bank digital currency (CBDC) tests. Its participation is set to serve as an advantage when the government selects private-sector partners in issuing the currency.
CBDC is a term used to distinguish the digital currency of central banks from those of the private sector. Central banks around the world are currently developing and testing digital currency. As a frontrunner, the People s Bank of China has launched testing of its digital currency in cities such as Suzhou, Shenzhen and Chengdu.