Samsung Electronics is set to launch its new Galaxy S24 series in China, featuring “Erniebot,” an artificial intelligence (AI) chatbot developed by Baidu as a response to OpenAI’s ChatGPT.According to foreign media reports on Jan. 29 (local time), Baidu announced that Samsung Electronics will utiliz
Artificial Intelligence (AI) stands at the forefront of the technology supremacy battle between the U.S. and China this year.On Jan. 26, U.S. Commerce Secretary Gina Raimondo stated in an interview with Reuters that regulations mandating U.S. cloud companies to report foreign customer information fo
Hak Cheol Shin, CEO of LG Chem, has been selected as one of the top 100 economic leaders representing the World Economic Forum (WEF). At this year’s forum, CEO Shin will meet with global clients and partners to discuss collaboration strategies for managing the global supply chain and overcoming the
A public tender for a 4.7 trillion won stake in NXC, the holding company of Nexon, has ended empty-handed again.The second tender for 851,968 shares (29.3 percent stake) of NXC failed to find buyers, according to the Online Tender Offer System of Korea Asset Management Corporation (KAMCO) on Dec. 29
Devsisters’ mobile RPG “Cookie Run: Kingdom” has reached the No. 2 spot on the local app market’s popularity rankings shortly after its release in China.Devsisters announced on Dec. 28 that Cookie Run: Kingdom was released at 7 a.m. in China on Dec. 27 through China’s major Android app market and Ap
Despite the United States intensifying its export restrictions against China in the semiconductor sector, China’s self-sufficiency rate in advanced products such as domestic artificial intelligence (AI) chips is increasing faster than expected.Market research firm TrendForce reported on Dec. 12 that
Ed Note: This story was edited for factual accuracy on Nov. 6, 2023.The Korean market has become more prominent on the radar of private equity firm Hillhouse Capital. According to investment banking sources on Nov. 1, Hillhouse Capital has launched a search for a Korean market expert for its Hong Ko
The author is an analyst for NH Investment & Securities. He can be reached at jaemin.ahn@nhqv.com -- Ed.Following on from a narrowed operating loss in 3Q23, we expect Netmarble to turn to profit in both 4Q23 and 2024. Earnings should recover on the launch of a number of new global titles and Chinese
The author is an analyst for NH Investment & Securities. He can be reached at jaemin.ahn@nhqv.com -- Ed.Weighed upon by delayed new game rollouts, Netmarble’s operating losses inevitably continued in 2Q23. Expectations remain alive, however, for a rebound driven by new lineups to be launched from Ju
The author is an analyst for Shinhan Securities. He can be reached at sokang@shinhan.com -- Ed.Fears over possible reinstatement of China’s ban on Korean contentIn December 2022, Chinese regulators resumed granting license approvals for games developed by Korean companies, which was followed by addi
The author is an analyst of Shinhan Securities. He can be reached at sokang@shinhan.com -- Ed.1Q23 preview: Update effects and cost reductionDevsisters is expected to have recorded operating income of KRW49.6bn(-18.3% YoY, +1.2% QoQ) and operating loss of KRW6.1bn (TR YoY, RR QoQ, operating margin o
The author is an analyst of NH Investment & Securities. He can be reached at jaemin.ahn@nhqv.com -- Ed.Although quarterly operating losses have continued since 1Q22, the launch of new games not only in Korea but also overseas (especially in China upon gaining publishing rights from China’s National
Lawmaker Song Eon-seog remarked on March 17 that the National Pension Service (NPS) was investing in 5,642 stocks in 49 countries as of August last year.The 5,642 stocks include 1,565 U.S. stocks along with 795 in Hong Kong, 785 in China, 550 in Japan, 223 in the United Kingdom, 167 in Canada, 119 i
Samsung Electronics had 8,513 utility patents registered in the United States last year and the number was close to that of the previous year. The number of LG Electronics increased 5 percent to 4,580 and the company came in third.Samsung Electronics rose to the top by beating IBM, whose number drop
Corporate tracker Leaders Index announced on Sept. 12 that BlackRock is the foreign PEF with the largest shareholding in the top 500 South Korean enterprises in terms of sales.According to the announcement, the 500 enterprises include 73 with a PEF shareholding of at least 5 percent and the 73 consi
The author is an analyst of NH Investment & Securities. He can be reached at hwdoh@nhqv.com. -- Ed. The US government announced on Aug. 31 (local time) that it will place restrictions on exports of high-performance GPUs from Nvidia and AMD to China and Russia. This is a negative development for the
Alipay Singapore Holdings, the second-largest shareholder in KakaoPay, sold five million KakaoPay shares through a block deal on June 7. The amount is 9.8 percent of Alipay’s stake in KakaoPay and 3.77 percent of the total KakaoPay shares.Alipay procured 470 billion won or so by disposing of the sha
Samsung Electronics ranked 22nd among companies listed on stock markets around the world in terms of market capitalization. The company's ranking fell by seven notches from a year ago as its stock price failed to rebound.Global accounting company PricewaterhouseCoopers (PwC) recently released th
Samsung Electronics’ ranking in the Forbes' list of the World’s Largest Tech Companies slid by two notches from second place in 2021 to fourth in 2022.Forbes discloses the Global 2000 annually by comprehensively evaluating major global companies in terms of four indicators -- sales, net income,
The author is an analyst of KB Securities. He can be reached at drlee@kbfg.com. -- Ed. Black Desert Mobile to begin OBT in China on Apr 26— The China Open Beta Test (OBT) for Black Desert Mobile has been scheduled to begin on Apr 26, 2022, ten months after approval by the government (June 2021).— Th