Artificial Intelligence (AI), deep partner collaboration, and building a strong ecosystem foundation were championed as next-level growth engines to new opportunities in industry digitisation at the recent Huawei Cloud APAC Partner Connection Summit 2024.Huawei Cloud Asia Pacific hosted approximatel
Japan has committed to developing and exporting a next-generation fighter jet by 2035 in collaboration with the United Kingdom and Italy.On March 26, Japan decided to relax the “Three Principles on Transfer of Defense Equipment and Technology” during a Cabinet meeting, thereby approving the export o
The Ministry of Health and Welfare announced on March 11 that it has selected the JLABS Korea model proposed by Johnson & Johnson as the managing entity for its global accelerator platform project.The project aims to provide full-cycle consulting to support the international expansion of domestic bi
Hugel, Inc. announced on March 4 that it has obtained product approval from the U.S. Food and Drug Administration (FDA) for its botulinum toxin product Letybo in 50-unit and 100-unit dosages on Feb. 29, local time. This FDA approval marks Hugel as the first and only company in South Korea, and the t
Samsung Electronics, SK hynix, and other major semiconductor firms have called for government attention and support in relation to the U.S. government’s impending subsidy payments.During a “Public-Private Semiconductor Strategy Meeting” held on the morning of Feb. 26 at the Korea Chamber of Commerce
The Korean government has set the goal of seeing Korean green companies achieve 100 trillion won in overseas exports by 2027. To this end, it plans to proactively discover demand for overseas environmental businesses. In particular, it aims to build a sustainable foundation for an overseas expansion
The Korea Expressway Corporation (KEC) announced on Feb. 26 that it signed a memorandum of understanding (MOU) on Feb. 23 with the Road Development Authority (RDA) of Mauritius for the consulting services related to the maintenance of the A1-M1 cable-stayed bridge as part of a follow-up initiative o
The Korea Evaluation Institute of Industrial Technology (KEIT) opened the Korea-Germany Supply Chain Technology Cooperation Center at the Fraunhofer Institute for Ceramic Technologies and Systems IKTS in Dresden, Germany, on Feb. 20 to help stabilize global supply chains in key industries.The openin
Incheon International Airport Corporation (IIAC) has secured a contract for the largest overseas airport development and operation project in its history, expected to generate sales of 37 trillion won in the Philippines.On Feb. 16, it was announced that Incheon International Airport Corporation won
The Korea Fair Trade Commission (KFTC) has decided to review the designation of dominant business entities, which is at the core of the Fair Competition Promotion Act (the Platform Act for short). This means that virtually, the Korean market watchdog will review the designation from scratch. Industr
Since the beginning of this year, a shipbuilding battle has been heating up between seventh-ranked Hanwha Group and ninth-ranked HD Hyundai Group. After Hanwha acquired Daewoo Shipbuilding & Marine Engineering (now Hanwha Ocean) last year, the two groups emerged as new rivals in the shipbuilding ind
NEOPIN, a decentralized crypto banking service, announced today that it has signed a strategic business agreement (MOU) with Catalyze Research (Catalyze), a web3 and blockchain consulting firm, and Futureverse, a metaverse, artificial intelligence (AI), and infrastructure development company, to exp
Korea Water Resources Corporation (K-water) participated in CES 2024 held in Las Vegas, Nevada, the U.S., from Jan. 9 to 12. It was joined by 19 partner companies, collectively providing opportunities for global market expansion.K-water’s booth attracted numerous global buyers, investors, accelerato
Blueprints of a submarine designed by Hanwha Ocean (formerly Daewoo Shipbuilding & Marine Engineering) have been leaked to Taiwan, with the police currently investigating the matter. The leaked submarine blueprints pertain to the DSME1400 model, a variant of the 209-class KSS-1 submarine. Three of t
Park Hyun-joo, chairman of Mirae Asset Group, has pledged to donate 25 percent of his stake in Mirae Asset Consulting to the Mirae Asset Hope Foundation to foster national talent.Mirae Asset Group announced on Jan. 2 that Park, the founder of the group, signed a donation agreement with the Mirae Ass
Answering AI startup 42Maru (CEO D.K Donghwan KIM) announced that it has signed agreements in the areas of Generative AI services and Hyper-scale AI during a state visit economic delegation to the United Kingdom.During President Yoon Suk Yeol's state visit to the United Kingdom from November 21st to
The author is an analyst for NH Investment & Securities. He can be reached at junsup@nhqv.com -- Ed.Mirae Asset Life’s share price is moving strong in response to majority shareholders’ share purchasing activity. However, it is unclear as to how long these purchase effects will last.Share price ener
Korean railroad companies such as Korea National Railway, KORAIL and Hyundai Rotem will participate in a Ukrainian railway reconstruction project in earnest.The Korean Ministry of Land, Infrastructure, and Transport, Korea National Railway and KORAIL announced on Nov. 22 that they formed the Railway
Samsung Electronics has been ranked among the top five global brands for the fourth consecutive year.The Korean tech giant took fifth place in the world with a brand value of US$91.4 billion. This is a 4 percent jump from 2022, according to the Global 100 Brands released by Interbrand, a global bran
Hana Bank announced its achievement in winning the “Best Private Bank in Korea" award for 2023 at the 15th Global Private Banking Awards co-hosted by global financial publications The Banker and Professional Wealth Management (PWM). This marks the bank’s 11th win since first receiving the award in 2