BMW Group Korea will now carry out all electric vehicle and software development, as well as certifications in Korea.“Korea is BMW’s fifth-largest market globally, and this year we became the No. 1 brand in premium cars, including electric vehicles,” said Jochen Goller, a member of the Board of Mana
The exchange rate between the Korean won and the U.S. dollar has surged by more than 7 percent this year, surpassing the magnitude of the increase during the global financial crisis from 2008 to 2009.On April 19, the won-U.S. dollar exchange rate concluded trading at 1,382.2 won in the foreign excha
The author is an analyst for NH Investment & Securities. He can be reached at pk.park@nhqv.com -- Ed.HIFU equipment exports from Gangnam-gu, Seoul to Brazil rebounded in February. Gangnam-gu’s aesthetic consumables and RF equipment exports continue to level up. Aesthetic equipment exports from Yuseo
Sam Bird (GBR) beats the heat with the Hankook iON Race to win the ABB FIA Formula E World Championship race in the Brazilian megacity of São Paulo. Despite an ambient temperature of 35 degrees, rising to around 60 degrees on the asphalt at the 2.933-kilometer high-speed circuit around the Anhembi S
Four Seasons Hotel Seoul ushers in a new era of excellence with the appointment of Michael Schmid as General Manager.A pioneering multi-lingual hospitality veteran and strategic visionary, Michael is a felicitous new addition to the dynamic creativity and high-care curation of Four Seasons hospitali
Korea’s leading chicken brand BHC Chicken is embroiled in controversy for replacing its boneless chicken menu with cheap Brazilian chicken and at the same time raising its price.BHC Chicken switched its source of boneless chicken to Brazil in May 2023, according to industry sources on Feb. 22. Howev
Among the seven emerging markets, it has been analyzed that the most significant outflow of foreign funds has occurred in South Korea in the past three months, following China. It is interpreted that foreign investors who withdrew from the Chinese stock market prefer other emerging markets like Viet
The sale of GS E&C’s subsidiary GS Inima will begin in earnest from February.According to sources in the investment banking (IB) industry on Jan. 10, GS E&C will distribute an investment prospectus for the sale of a stake in its wholly owned subsidiary GS Inima before the Lunar New Year holiday in F
Italy will be scratched off the list of the world’s top 10 economies by 2038 with South Korea replacing it, according to the Center for Economics and Business Research (CEBR), a British think tank.According to a report by Bloomberg on Dec. 26, the CEBR continued its forecast that South Korea will be
Mirae Asset Global Investments announced on Dec. 17 that its Hong Kong subsidiary, established in December 2003, is celebrating its 20th anniversary.Launched in 2005, the Mirae Asset Asia-Pacific Star Fund marked a significant milestone as South Korea’s first domestically introduced fund managed dir
Automakers are making changes in their strategies as they grapple with the increasingly complex rules of the Inflation Reduction Act (IRA), which subsidizes electric vehicles built in North America while excluding Chinese supply chains. Some automakers are looking to keep Chinese companies as partne
Wontech Co., Ltd. announced on Nov. 29 that it has completed the Canadian Health Authority Medical Device License (MDL) approval for The Oligio, the next-generation version of its RF blockbuster Oligio.This approval enables sales of The Oligio in Canada, and is expected to contribute to the strength
Mirae Asset Global Investments has appointed Vice Chairmen Choi Chang-hoon and Rhie Chun-yong as CEOs.The company is embarking on a plan to strengthen responsible management and establish a solid foundation for ongoing growth, utilizing a structure that includes four executive representatives, featu
It has been revealed that the overseas subsidiaries of the top four domestic commercial banks achieved high performances in the third quarter of this year compared to the previous year.With the lifting of the COVID-19 lockdown in China, KEB Hana Bank and KB Kookmin Bank saw notably significant incre
This year marks the first time that the number of countries importing Korean kimchi has surpassed 90. The global popularity of Korean kimchi, often attributed to the Hallyu wave and health trends such as vegetarianism, is leading the way in showcasing K-food on the international stage.According to t
The author is an analyst for NH Investment & Securities. He can be reached at pk.park@nhqv.com -- Ed.Classys’s 3Q23 OP exceeded consensus, reaching W24.7bn. The firm’s is still in a re-rating phase, led by an increasing equipment sales portion both domestically and internationally. Costs are expecte
Seven Korean companies, including LG Electronics, Lotte Chemical and Samsung Fire & Marine, have joined RE100 this year, bringing the total number of Korean companies to 34, according to the U.K.-based Climactic Group on Nov. 3.This means that Korea has the fourth-most number of companies after the
Specialized organizations have predicted that the impact of China’s graphite export control will be resolved within three months. This is because there have been similar cases in the past and it is difficult for China to consume all the graphite produced in China alone. However, South Korean battery
The author is an analyst for NH Investment & Securities. He can be reached at jooyh@nhqv.com -- Ed.Compared to 1H23, conditions are improving at CJCJ’s major business divisions, and it is expected that the firm’s consolidated OP will strengthen from 4Q23. The decision to sell CJ Selecta following th
The Organization for Economic Co-operation and Development (OECD) has projected South Korea’s economic growth rate to be 1.5 percent for this year, while Japan’s growth rate is expected to be 1.8 percent. If this forecast materializes, it would mark the first time in 25 years that Japan’s growth rat