In the wake of overcoming a slump in the Chinese market, South Korea’s cosmetics exports have successfully diversified into markets such as the U.S., Japan, and Vietnam, showcasing a positive growth trend. According to a report released on April 18 by the Korea International Trade Association’s Inte
The collective net worth of Korea’s 50 Richest on the 2024 Forbes list rose slightly to US$115 billion from $106 billion, amid the country’s global chipmaking ambitions. The complete list can be found at www.forbes.com/korea, as well as in the April/May issue of Forbes Asia and the May issue of Forb
In the realm of emerging artificial intelligence startups, South Korea lags behind China and India in terms of scale, a recent survey reveals.On April 17, the Singapore-based tech news outlet Tech in Asia released a list of the Top 50 AI Startups in Asia receiving the most investment. China leads wi
In the midst of U.S. President Joe Biden emphasizing Texas as a pivotal player in the advanced semiconductor ecosystem due to Samsung Electronics’ significant investment, a competitive landscape with Arizona, which is attracting TSMC plants, is anticipated. The battle between Texas and Arizona could
Domestic semiconductor design houses are accelerating their expansion into the global market with plans to diversify their revenue sources by targeting overseas fabless semiconductor design companies.Industry sources revealed on April 16 that Samsung Electronics’ Foundry Business Unit’s Design Solut
Kwak No-jeong, president of SK hynix, is set to deliver a keynote speech on Artificial Intelligence (AI) at a semiconductor event in Washington, D.C. in the U.S.According to industry sources on April 15, Purdue University and Senator Todd Young will host an event titled “CHIPS for America, Action fo
Partnerships to develop purpose-built vehicles (PBVs) to build an eco-friendly logistics system are growing between the automotive industry and logistics companies. This is due to rapidly increasing demand for electric trucks instead of diesel trucks in line with a global carbon neutrality initiativ
On the night of April 13 (local time), Iran launched retaliatory attacks against Israel, employing drones, cruise missiles, and ballistic missiles. This action is expected to lead to an escalation in international oil prices. In addition, the exchange rate of the Korean won against the U.S. dollar r
As the global semiconductor hegemony intensifies, companies are fiercely competing in investments. Samsung Electronics is expected to announce additional investments locally, following substantial subsidies received by competitors Intel and Taiwan’s TSMC from the U.S. government.Compared to this, do
Kia has lowered its sales target for China by more than half in a year.At its 2024 CEO Investor Day on April 5, Kia maintained its global sales target for 2030 at 4.3 million units, the same as last year.However, the Korean carmaker has cut its China sales target by more than half (230,000 units) fr
Hyundai Motor and Kia Corp. have decided to use lithium-iron phosphate (LFP) batteries produced by Indian companies in their customized electric vehicle models for the Indian market. Localizing batteries that account for 40 percent of the cost of producing electric vehicles is a way to lower prices
SK hynix is planning to invest 5.2 trillion won to establish a next-generation high bandwidth memory (HBM) semiconductor production facility for artificial intelligence (AI) in Indiana in the U.S. This venture represents the company’s first HBM production plant abroad, with mass production slated to
Governor Eric J. Holcomb, Secretary of Commerce David Rosenberg and Purdue University President Mung Chiang joined federal partners and executives of South Korea-based SK hynix Inc., the world’s leading producer of High-Bandwidth Memory (HBM) chips, today as the company announced plans to establish
The Korea Investment Corporation (KIC) announced that it held the “KIC Mumbai Office Opening Ceremony” at the Jio World Convention Center in the Bandra Kurla Complex (BKC) in Mumbai, India, on April 2.On this day, KIC President Jin Seung-ho stated in his welcoming address, “KIC’s selection of Mumbai
Kwak Noh-jeong, president and CEO of SK hynix, announced on March 27 that the order volume for High Bandwidth Memory (HBM) will remain “tight” until next year, adding that “this year, the proportion of HBM in the total DRAM sales volume will rise to a double digit percentage, which will help profita
Samsung SDI, a leader in the all-solid-state battery (ASB) sector, has reconfirmed its goal to start mass production of all-solid-state batteries in 2027.During the annual general meeting held on March 20 at The K Hotel Seoul in Seocho District, Seoul, Choi Yoon-ho, CEO of Samsung SDI, announced, “W
While major countries such as the United States, Japan, and the European Union (EU) are rushing to provide subsidies for semiconductors, there are growing voices that Korea will lose the global semiconductor war if it does not subsidize Korean companies such as Samsung Electronics and SK hynix, citi
India, the world’s third-largest automobile market, is expected to emerge as an electric vehicle battleground after the United States and Europe. This is because the Indian government, which has been sticking to high tariff barriers, has launched a drastic tariff reduction policy to attract global e
The author is an analyst for NH Investment & Securities. He can be reached at esshim@nhqv.com -- Ed.GnBS Eco is a manufacturer of eco-friendly equipment, including plasma scrubbers for use in the production of semiconductors, displays, and solar panels. We foresee the materialization of a steep earn
South Korean fashion company ShinWon Corporation (CEO: JJ Park) is conducting the global campaign #WithUs to commemorate International Women’s Day.Every year on March 8th, designated by the United Nations (UN) in 1975, is International Women's Day. Celebrating its 116th year this year, International