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Friday, October 20, 2017

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South Korean had 28,180 euros (US$33,302 or 37.8 million won) on average in net financial assets last year.

Personal Financial Assets

12 October 2017 - 2:00pm
Yoon Yung Sil

South Korea ranked 22nd in the per capita net financial assets among 53 major economies last year, a report said.

According to a global wealth report by the German-based Allianz Group on October 10, South Korean had 28,180 euros (US$33,302 or 37.8 million won) on average in net financial assets last year.

It marks an increase of 809 euros (US$956 or 1.09 million won) from 27,371 euros (US$32,346 or 36.7 million won) the previous year, when the ranking was 21st. Net financial assets are total financial assets minus liabilities, including cash, bank deposits, stocks, insurance...

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The most popular counterfeit brand uncovered by the Korea Customs Service in the past five years was Louis Vuitton.

Popular Counterfeit

12 October 2017 - 2:00pm
Yoon Yung Sil

The most popular counterfeit brand uncovered by the Korea Customs Service in the past five years was Louis Vuitton. By item, watches and bags were copied the most, valued at 3 trillion won (US$2.64 billion) in total, according to a report dubbed “the current status of brands violating intellectual property rights from 2012 to 2016” from Park Myung-jae, an opposition lawmaker in the Liberty Korea Party who received the data from the Korea Customs Service on October 11.

The report said the Korea Customs Service found a total of 1,603 cases violating intellectual property rights worth...

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Foreign investors held 9.159 billion stocks in the main and secondary markets as of the end of last month, equal to 12.3 percent of the total of 74.296 billion listed stocks.

Foreigners’ Influence

12 October 2017 - 1:00pm
Yoon Yung Sil

Foreigners hold about 12 percent of South Korean stocks, valued at nearly 34 percent of the market cap.

According to the Financial Supervisory Service (FSS) on October 11, foreign investors held 9.159 billion stocks in the main and secondary markets as of the end of last month, equal to 12.3 percent of the total of 74.296 billion listed stocks.

Their holdings break down as 7.129 billion stocks in the main market KOSPI and 2.029 billion stocks in the secondary market KOSDAQ.

In terms of market cap, foreign ownership in South Korean stocks accounted for 33.8 percent of...

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The Federation of Korean Industries (FKI) and the U.S. Chamber of Commerce held the 29th annual U.S.-Korea Business Council Meeting in Washington D.C. on October 10 (local time) ,

Different Vibe

12 October 2017 - 12:45pm
Jung Suk-yee

The 29th annual U.S.-Korea Business Council Meeting took place in Washington D.C. on October 10 (local time). The atmosphere of the meeting was quite different from those of the previous ones with Qualcomm Chairman Paul Jacobs, who is the representative of the U.S. side, absent along with U.S. government officials. Experts said that this had to do with the ongoing trade disputes between the two countries.

The participants of the meeting included the representative and Hanjin Group Chairman Cho Yang-ho, FKI Chairman Huh Chang-soo, Poongsan Group Chairman Ryu Jin, Korean Ambassador to...

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LG Chem came in second with 11.7% and Samsung SDI ranked fifth with 6.1%, respectively, in the global market of EV secondary batteries for electric vehicles.

Secondary Battery Race

12 October 2017 - 12:30pm
Jung Min-hee

According to market research firm SNE Research, Panasonic reached 4,974.9 MWh in shipments of secondary batteries for use in electric vehicles for the first seven months of this year. Its market share soared to 24.9% based on its product supply to Tesla.

Likewise, PEVE and AESC raised their market shares to more than 5% and came in sixth and seventh, respectively. The combined market share of the three Japanese companies reached 35.3%.

CATL and BYD, which are Chinese companies, took the third and fourth spots with 10.3% and 9.5%, respectively. LG Chem came in second with 11.7...

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Samsung HMD Odyssey

Another Battlefield

12 October 2017 - 12:15pm
Cho Jin-young

According to industry sources, Samsung Electronics and LG Electronics are planning to release new virtual reality (VR) devices early next month and late this year, respectively. Both of the two upcoming products are likely to be high-spec products interworking with PCs.

Samsung Electronics’ new device is HMD Odyssey, which was developed in cooperation with Microsoft. It is characterized by having two 3.5-inch AM OLED displays. In addition, it comes with an AKG headphone, a built-in microphone and a controller equipped with tilt and rotation sensors.

LG Electronics is...

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The trade officials from South Korea and the US are discussing the pending issues at the second session of the Joint Committee held in Washington DC, the US on October 4 (local time),

Pursuing Reciprocity

12 October 2017 - 11:30am
Jung Suk-yee

On October 11, the Ministry of Trade, Industry, and Energy responded to U.S. threats of withdrawing from the U.S.-Korea Free Trade Agreement (KORUS FTA), stating, "The U.S. is not the only one who can use scrapping the FTA as a negotiation tactic.”

Ahead of the pre-arranged parliamentary audit on October 13, the Ministry of Trade declared in a written answer to lawmaker Chanyeol Lee from the People’s Party, "Even if the U.S. throws its weight and pressures to scrap the agreement and makes unreasonable demands, Korea will not...

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An employee at the Korean Exchange in Yeouido, Seoul, looks at the stock list on October 11 when the KOSPI and Samsung Electronics shares hit a record high for the first time in two months.

Record High

12 October 2017 - 11:30am
Yoon Yung Sil

Samsung Electronics, the world’s biggest memory chip provider, surpassed 2.7 million won (US$2,378.85) per share for the first time ever on October 11. 

In the main market KOSPI on the same day, Samsung Electronics climbed 3.48 percent to close at 2,732,000 won (US$2,089.87). Accordingly, the company hit a new record price in 15 days that exceeds the previous record high of 2,681,000 won (US$2,362.11) on September 25.

Local stock brokerage firms released a market consensus that Samsung Electronics would record its best-ever results in the third quarter. Accordingly, its stock...

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Samsung Electronics unveiled two ultra-compact high-resolution image sensors using advanced technologies such as dual pixels and tetracells.

Ultra-compact High-resolution Image Sensor

11 October 2017 - 7:30pm
Cho Jin-young

Samsung Electronics unveiled two ultra-compact high-resolution image sensors using advanced technologies such as dual pixels and tetracells on October 11. They are expected to be selected by various manufacturers as well as be loaded into the next Galaxy smartphone series.

Isocell is Samsung's image sensor brand. An image sensor is a semiconductor that stores and transmits image signals and allows the user to view pictures with display devices by converting light from the camera lens into electrical digital signals. Isocell is classified into four sub-brands such as Fast, Slim,...

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Hyundai Motor has issued "Three Day Full Refund" Card in the US market to improve its sales process.

For Riding Out Sales Slump

11 October 2017 - 7:30pm
Jung Min-hee

Hyundai Motor has issued "Three Day Full Refund" Card in the US market. If consumers are not satisfied with Hyundai cars, they will be given full refunds within three days. It's a new gambit after the introduction of a 10-year-old 100,000-mile warranty by Hyundai Motor in 1999 when the Korean automaker felt a sense of crisis due to a drop in sales.

On October 10 (local time), Hyundai Motor America (HMA) held a press conference in California, USA and announced its “ShopperAssurance” policy. Hyundai Motor significantly improved its sales process, taking into account recent changes in...

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