On March 25, the Federation of Korean Industries (FKI) presented a study titled “The Rise and Challenges of Shareholder Activism” that was commissioned to Kim Soo-yeon, a researcher at the law firm Gwangjang.According to data from research firm Diligent, the research indicates that attacks by activi
The CEO of Osstem Implant allegedly made approximately 150 million won (US$111,431) in short-term trading profits by utilizing important undisclosed information before the company’s delisting.According to Osstem Implant’s business report for last year released on March 22, the company was informed o
POSCO Holdings, the holding company of POSCO Group, elected Chang In-hwa as its chairman in a general shareholders meeting and a Board of Directors meeting at the POSCO Center in the Gangnam district of Seoul on March 21. Chang will serve a three-year term.Tough challenges are facing Chang, who star
SG is a leading domestic asphalt concrete maker. We expect to see: 1) significant improvement in public procurement orders following the end of regulations on SMEs; 2) market share expansion for the firm’s ecosteel asphalt concrete; and 3) benefits for the newly established Ukrainian subsidiary afte
LG Chem announced on the 20th that it will exhibit eco-friendly plastic materials made from carbon dioxide at Cosmoprof Bologna 2024, held on the 21st in Bologna, Italy, to secure customers.The Cosmoprof exhibition is the world’s largest beauty industry expo, with participation from approximately 3,
“Predictability is what matters most for global companies,” said James Kim, chairman of the American Chamber of Commerce in South Korea (AMCHAM). “With an exodus out of China becoming a reality, we are receiving an influx of many inquiries from companies looking to move their Asia-Pacific headquarte
Kumho Petrochemical has sold its entire stake in the SB latex business, a joint venture with Rizhao Jinhu Jinma Chemical Co., Ltd., a Chinese company. The decision to exit the local business was made in response to China’s low-cost competition and overlapping environmental regulations.According to t
Korea’s duty exemption threshold for cross-border shopping is set at US$150 per day. This limit is now on the table. It is blamed on the fact that Chinese e-commerce companies such as AliExpress, Temu, and Shein selling ultra-low-priced goods can quickly expand their presences in the Korean market t
The U.S. Congress began to keep Hyundai and Kia in check as the two Korean automakers continue to enjoy the growth of their electric vehicle sales in the U.S. market. The U.S. Congress made a thing of their business strategy of discounting subsidized electric vehicles through a lease car exception u
Big South Korean companies are exiting China one after another. Business uncertainties are being fueled by fiercer competition and declining profitability in the Chinese market coupled with the U.S. government’s checks on China and policy changes by Chinese government authorities.Lotte Chemical sold
CJ Logistics announced on March 13 that it has received the Center of Excellence for Independent Validators Lithium Batteries (CEIV Lithium Batteries) from the International Air Transport Association (IATA). The CEIV Lithium Battery Certification is an international standard certification issued by
Korean shipbuilders overtook China in terms of ship order intake in February to take the number one spot in the global market.According to Clarkson Research, a British shipbuilding and shipping market analysis firm, global ship orders totaled 3.4 million CGT (100 ships) in February, of which Korea w
It has been revealed that the hourly wages of domestic helpers in South Korea are more than four times higher than in neighboring countries such as Hong Kong and Taiwan. In an effort to alleviate the burden of caregiving services, which is considered one of the causes of low birth rates, the Bank of
HD Hyundai Shipbuilding & Offshore Engineering (HSOE) announced on March 6 that it has founded the Nuclear Energy Maritime Organization (NEMO) with leading global nuclear energy organizations.NEMO, which has its secretariat in London of the United Kingdom, will work with the International Maritime O
Samsung Electronics has refuted its labor union’s claim that many of its workers suffer from mental health problems such as sleep disorders and depression.In its online newsroom on March 4, Samsung Electronics claimed that the labor union’s claims regarding a report on a survey on the status of labo
It has been confirmed that recent complaints from domestic consumers using China’s Alibaba shopping platform AliExpress have sharply increased.According to the response data on “the status of consumer consultations related to AliExpress-related complaints and damage compensation” received by the off
HLB disclosed on March 4 that its board of directors has approved the issuance of 60 billion won in convertible bonds to domestic private equity funds and others. The primary purpose of this fundraising is to secure operational funds. Although the company currently holds over 65 billion won in cash
The Ministry of Trade, Industry and Energy announced this year it will invest a total of 1.141 trillion won in research and development (R&D) for materials and components technology, focusing on creating a significant lead in advanced industries, stabilizing supply chains, and achieving carbon neutr
Only 14 percent of South Koreans work in large companies, versus 58 percent of Americans.Koh Young-sun, a senior research fellow at the Korea Development Institute (KDI), presented this statistic in a report titled “A Need for More Large-Company Jobs” released on Feb. 27, emphasizing the need to exp
The Ministry of Science and ICT announced that it participated in the ministerial session held at the Mobile World Congress (MWC) 2024, the world’s largest mobile exhibition in Barcelona, Spain, on Feb. 27. During the event, it introduced the South Korean government’s policies regarding the safe uti