Jackup Rigs Market Insights, Business Opportunities, Competitor Analysis, Forthcoming Developments & Future Investments up to 2022

Samsung Electronics is turning a German kitchen industry hub into a year-round showcase for its built-in appliances as it seeks to deepen partnerships and expand its presence in Europe. The company opened a roughly 480-square-meter permanent showroom on the first floor of Kitchen Center Löhne in Löhne, Germany, during Küchenmeile, a major business-to-business event for the European kitchen industry. Küchenmeile runs through Friday, drawing more than 300 brands and 25,000 industry visitors, Samsung said. The company has participated in the event since 2013, using it to introduce built-in appliances and connect with kitchen furniture companies and other industry partners. The new showroom is designed as a venue for product demonstrations, business consultations and training, giving industry visitors year-round access to Samsung’s built-in appliances and connected kitchen technologies. Its displays include Bespoke artificial intelligence(AI)-powered refrigerators, a Bespoke AI dishwasher, an induction cooktop with an integrated extractor and a Bespoke AI oven equipped with AI Pro Cooki

Korea’s internet-only banks and regional lenders are expanding their co-lending partnerships beyond consumer credit into corporate lending, as they each look for new ways to grow their businesses, industry officials said Monday. KakaoBank and Busan Bank are preparing to launch a joint lending program for small and medium-sized businesses and sole proprietors, following a memorandum of understanding signed in April. The arrangement will combine KakaoBank’s nationwide digital platform with Busan Bank’s experience in assessing and managing business loans in its regional market. Until now, most co-lending partnerships between the two parties have focused on consumer credit. Toss Bank and Kwangju Bank introduced the industry’s first joint loan in 2024, followed by similar offerings from Kbank and Busan Bank, and from KakaoBank and Jeonbuk Bank in 2025. All three programs targeted salaried workers. Their expansion into business lending marks the next step. The incentives for both sides are clear. For internet-only banks, which have relied heavily on household lending, working with regio

Able C&C’s beauty brand MISSHA promoted its products and expanded consumer outreach in Europe during Milano Beauty Week, underscoring the region’s growing importance to the Korean cosmetics company’s overseas business. MISSHA participated in the event, held in Milan from Wednesday to Sunday (local time), through a partnership with Italian fashion and beauty retailer OVS. The company showcased its BB creams, glow primer line and PDRN-NAD+ skincare products, positioning the range around convergence of skincare and makeup. According to Able C&C, samples prepared for visitors were exhausted early in the event and consumers showed a strong interest in product formulations and performance. Milano Beauty Week, hosted by Cosmetica Italia, an Italian association of personal care solution companies and organized by OVS, brought together beauty brands, industry professionals and consumers at venues across the city. Last year’s event drew about 275,000 participants. For Milan Fashion Week, the brand is also operating a dedicated booth and hosting beauty classes at OVS’s Shakaland Beauty H

Kwon Young-min, the newly appointed CEO of Doosan Robotics, faces the crucial task of turning the company’s artificial intelligence (AI)-driven robotics strategy into a profitable and sustainable growth engine. The robotics arm of Doosan Group recently appointed Kwon, who has extensive experience in strategy and global operations, as its new top executive. Kwon joined the group’s strategy and planning division in 2000, and served as chief strategy officer of Doosan Bobcat from 2018 to 2020 and has led Doosan Mottrol, a Doosan Bobcat subsidiary, since 2021, before taking on the new role. His appointment comes as Doosan Robotics attempts to reposition itself from a manufacturer of collaborative robots into a provider of intelligent robot solutions combining hardware, software and AI. The company has already laid out a strategy to integrate AI into its robotic arms and software, allowing customers to automate tasks with less programming while optimizing work routes and sequences. The robotics firm has also been developing applications for manufacturing and logistics. Doosan Robotics has

Hanwha Group Chairman Kim Seung-youn has urged Hanwha Systems, the group’s IT solutions arm, to strengthen its defense artificial intelligence (AI) capabilities as the conglomerate seeks to use AI-based command-and-control systems to connect its land, sea, air and space defense systems. Kim visited Hanwha Systems’ Gumi plant in North Gyeongsang Province on Tuesday to review its production and testing capabilities for advanced defense equipment and emphasize the need to secure “unparalleled defense AI capabilities” and uphold a “safety-first” culture. At the site, he inspected the assembly and testing of the multifunction radar for the Cheongung-II medium-range surface-to-air missile (M-SAM) system. The radar detects and tracks aircraft and missiles, identifies targets and guides interceptor missiles. It has been exported to the United Arab Emirates, Saudi Arabia and Iraq. “The Gumi facility has grown into a key export hub for Hanwha’s defense business as it expands into global markets, as well as a center for technological innovation,” the chairman said. “What you mak

Game developer NC’s overseas revenue is expected to account for a larger share of its total sales in the coming months, as the company expands its intellectual properties (IPs) to target global audiences across North America, Europe and Asia. According to NC’s earnings report, overseas revenue accounted for 52 percent of its total sales in the second quarter of 2026, surpassing the halfway mark and increasing for the fourth consecutive quarter. The increased global share came as NC expanded overseas services for its core IPs and continued to generate results from its global-oriented titles. As its revenue structure shifts from a domestic focus toward greater overseas presence, the company is also increasingly orienting its development strategy toward global markets. In Japan, NC is seeking to diversify its genre portfolio with Astraea Oratio, a subculture-themed role-playing game (RPG) title. Japan has a strong consumer base for subculture content spanning animation and fan-created works. According to research firm Oshikatsu Soken, Japan’s subculture game market was valued at 3.5 t

The antitrust watchdog said Tuesday it has received an application from Uber Technologies Inc. regarding its plan to acquire a stake in Germany-based Delivery Hero SE, the parent company of Woowa Brothers Corp., which operates Korea's leading food delivery app. The Fair Trade Commission (FTC) said the U.S.-based Uber Technologies has submitted the application for a review regarding its plan to acquire a full stake in Delivery Heros. Woowa Brothers operates the delivery platform, Baedal Minjok, or Baemin.

Hyundai Motor Group has opened its robot training and testing facility for Boston Dynamics’ Atlas humanoid robot as part of efforts to bring the group’s physical artificial intelligence (AI) vision into its global production operations. The carmaker said Tuesday the Robotics Metaplant Application Center (RMAC) has started operations at Hyundai Motor Group Metaplant America (HMGMA) in the state of Georgia in the United States. The facility will serve as a major testbed where Atlas is trained in an environment designed to replicate actual automotive production sites before the robots are deployed on factory floors. Atlas is being trained to perform a range of manufacturing-related tasks, including preparing materials for logistics operations and sorting automotive parts according to their assembly sequence. The training is intended to help the humanoid robot handle increasingly sophisticated work in real-world production environments. The facility is expected to play a key role in Hyundai Motor Group’s plan to deploy about 25,000 Atlas robots across its Hyundai Motor and Kia producti

Beauty device and cosmetics developer APR has obtained two international artificial intelligence (AI)-related certifications, establishing a global-level framework for AI governance and product reliability. The company said Tuesday it earned ISO/IEC 42001 certification for its AI management system and Nemko’s AI Trust Mark for the reliability of its AI-assisted product. APR said it is the first beauty company in the world to obtain both certifications. ISO/IEC 42001, established by the International Organization for Standardization and the International Electrotechnical Commission in 2023, is an international standard for AI management systems. It assesses whether an organization has systems in place to manage risks and opportunities associated with AI and support the responsible development, provision and use of AI systems. APR said it has established 46 types of AI management documents across seven stages for its AI-based personalized care services, covering the entire lifecycle of AI systems, from planning to disposal. It has also implemented a governance structure in which individ

Korean telecommunications and technology services provider LG Uplus said Tuesday it has signed a memorandum of understanding with Sodomall, a wholesale and retail distribution platform, to jointly develop artificial intelligence (AI) transformation (AX) solutions tailored to small business owners. Sodomall operates an online-and-offline distribution network that supplies groceries and daily necessities at wholesale prices through nationwide group-buying stores. Under the partnership, the two companies will work together on AI and telecom solutions for in-store use, help small merchants expand their sales channels and identify new business opportunities to revitalize local commercial districts. LG Uplus plans to combine its own telecom and AI infrastructure with Sodomall's online and offline distribution data to help individual merchants forecast product demand. Specifically, the companies will pilot a solution that merges the commercial district analysis feature of LG Uplus' Uri Gage Package — a communications and AI solution built for small businesses — with Sodomall's regional sa

Korea has selected a natural gas-fired combined-cycle power plant in Encinal, Texas, as the first project under its $200 billion strategic investment commitment to the United States. It is also drawing up plans for two further projects related to the construction of eight nuclear reactors and an Alaska liquefied natural gas (LNG) project. Industry Minister Kim Jung-kwan briefed the National Assembly's Trade, Industry, Energy, SMEs, and Startups Committee on the projects Tuesday, saying the government had decided on the first project following reviews by committees chaired by the industry and finance ministers. “Today, I would like to report on one project the government has decided to pursue,” Kim said during the committee's plenary session. The $22.3 billion project, with planned generating capacity of about 6.3 gigawatts, is aimed at meeting rising electricity demand in Texas as semiconductor plants and artificial intelligence data centers expand in the state. The project will be funded entirely by Korea, while ownership will be split equally between Seoul and Washington. The govern

Facing a sharp slowdown in global electric vehicle demand and fierce price competition from Chinese rivals, Korea is overhauling its battery strategy to recapture its edge in the global market. At a high-level industry summit held Tuesday at the Korea Chamber of Commerce and Industry in Seoul, officials from the Ministry of Trade, Industry and Energy met with executives from top battery giants, including LG Energy Solution, Samsung SDI and SK On. Together, they unveiled the nation’s official Battery Technology Roadmap, outlining a massive public-private push focused on next-generation chemistries and dramatic cost reductions. The strategic shift marks a clear departure from Korea’s long-standing reliance on high-nickel NCM (nickel-cobalt-manganese) cells. While premium NCM batteries established Korean manufacturers as global leaders in high-performance electric vehicles, Chinese rivals have rapidly gained market share by flooding global supply chains with low-cost lithium iron phosphate alternatives. To counter this squeeze, Korea is pivoting toward a "select and concentrate" strate