In the span of 9 months, the number of South Korean users on the Chinese e-commerce platform TEMU has increased elevenfold. With the surge in user numbers, TEMU has been actively seeking to establish a South Korean corporation and is on the lookout for domestic advertising agencies to intensify its
Naver is taking a significant step into the robotics market by unveiling the world’s first robot operating system based on a web platform. Its greatest strength is compatibility with web services, positioning Naver to become the “Android of Robotics” in the still-nascent robot OS market.During the ‘
Gaudio Lab, a leading AI audio technology company, is set to participate in MWC 2024 to showcase innovative AI audio technologies that will be essential for the new era of spatial computing.Gaudio Lab will host its booth in the KOTRA Korea Pavilion at MWC Barcelona, where attendees can have a sneak
AI audio company Gaudio Lab announced on Jan. 30 that its Just Voice technology has been named a finalist in the Audio Experience category of the Innovation Awards at South by Southwest (SXSW).SXSW began in 1987 as a small music festival in Austin, Texas and has grown to become a conference and fest
The Korean government will launch a major support program to support the Korean shipbuilding industry. It will provide 180 billion won (US$135 million) in support for the development of core technologies for future ships in 2023 alone and will also expand refund guarantees (RGs) to help Korean shipb
A South Korean consortium is expected to invest US$130 million in X-Energy, an American private nuclear reactor and fuel design engineering company.The consortium is expected to include Doosan Enerbility and DL E&C and its equity ratio is estimated to be 5 percent. PEF Whale Investment is planning t
SK ecoplant is set to emerge as a major player in the domestic offshore wind power market. Through M&As and technology development, the company has secured expertise across the entire value chain of the offshore wind power business. It is seeking to go beyond the domestic market and establish itself
SK ecoplant has signed an offshore wind power development agreement with Corio Generation, a wind power development company within Green Investment Group (GIG), and TotalEnergies, a global general energy company, the company announced on Sept. 5.GIG is a specialist green investor within Macquarie As
Plastic consumption is increasing along with food and parcel delivery amid COVID-19. This has to do with an increased use of face masks, too. Non-woven fabrics for face masks are made of polypropylene and tens of billions of those fabrics are being discarded worldwide each month. Those are burned in
The authors are analysts of NH Investment & Securities. They can be reached at ys.hwang@nhqv.com. -- Ed. Earth’s fragility revealedOn Dec 24, 1968, an astronaut on the Apollo 8 mission took a photograph showing Earth behind a portion of the Moon’s surface. Named Earthrise, the photograph is often ci
Hedge fund firms in the South Korean market are showing mixed performances with the spread of COVID-19 affecting the stock market for two months.Timefolio Asset Management, one of the leaders of the market, is showing a deteriorating performance. It is currently running 20 hedge funds in total and 9
LG Electronics' products, including the world's first rollable TV, the LG Signature OLED TV R, have been recognized for their design competitiveness.LG Electronics announced on Aug. 22 that it took home 13 prizes including two gold awards and one silver award at the IDEA 2019 organized by th
Starting with the Galaxy S10 released this year, Samsung Electronics Co. has begun to introduce its own blockchain wallet in the Galaxy series. Samsung’s move is fueling expectations that cryptocurrency payment and remittance services will be popularized. Moreover, the popularization of services lik
Competition has begun among the so-called third-generation blockchain platforms to preempot the South Korean market. Third-generation blockchain platforms refer to those that seek to address the shortcomings of ethereum, a second generation platform that emerged following the first generation bitcoi
The National Pension Service (NPS) has been operating without the chief officer of national pension fund management for a year.Temasek Holdings Private Ltd., a state-owned holding company that can be characterized as a national wealth fund owned by the Government of Singapore, sold part of its stake
The European Union (EU), China, Canada, Japan and other major countries are showing movements to form a coalition to fight against trade protectionism of the US amidst rising concerns that the world trade war will turn into a form of “US vs anti-US.”On June 2, President Trump posted on Twitter “If w
Hoban Construction Co. was chosen as a preferred bidder for the stake in Daewoo Engineering & Construction Co. on January 23 on the condition of providing interest and security to the Korea Development Bank (KDB) when separately acquiring the stake. Under the terms, the company will acquire 40 out o
Naver has challenged the web browser market which is dominated by Microsoft’s Internet Explorer (IE) and Google’s Chrome. On December 1, Naver released a beta test version for its web browser, called Whale. The company has been developing Whale for the past five years at Naver Lab. Until now, Korean
Lotte World Mall has been rebuilt as a mult-use cultural place, since the aquarium and cinema reopened on May 9, according to a mall representative. Lotte World Mall expects that there can be more than 20,000 visitors when the cinema with about 4,600 seats operates at normal capacity. It expects 4,0
Minister of Foreign Affairs Yoon Byeong-se said on March 30 that the current diplomatic situation Korea is facing is a kind of blessing rather than a dilemma. His remarks were to refute criticism that Korea has lost its way between the United States and China concerning the terminal high altitude ar