With China dominating the large-sized Liquid Crystal Display (LCD) panel market, it has now firmly set its sights on expanding its territory in the ultra-large TV market. This move is putting pressure on the pursuit by Samsung Electronics and LG Electronics.According to market research firm Omdia on
The amount of debts owed by households and businesses in Korea was more than twice Korea’s gross domestic product (GDP). About half of the nation’s companies were unable to pay even interest on their debts with money they earned from sales, revealing their vulnerability.The ratio of private credit t
Jo Seong-jin, CEO of LG Electronics, announced on March 26 that the company is seeking investment opportunities in adjacent industries, revealing plans for mergers and acquisitions.During the regular general shareholders’ meeting held at the LG Twin Towers in Yeouido, Seoul, CEO Jo stated, “After an
With the unprecedented boom in the U.S. stock market since the beginning of this year, domestic individual investors have poured 4 trillion won (US$3 billion) into direct stock investments abroad, surpassing four times the amount invested during the same period last year. Securities firms are also r
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
Following their competition in integrated washing and drying machines, Samsung Electronics and LG Electronics are now launching AI TVs, sparking another pride battle. On-device AI, which operates AI within the device without a network connection, is rapidly spreading to TVs.On March 13, Samsung Elec
Samsung Display has begun the construction of the world’s first 8.6th generation organic light-emitting diode (OLED) production line. As major manufacturers such as Apple are increasing the proportion of OLED displays instead of liquid crystal displays (LCDs) in the laptop and tablet markets, Samsun
The legal battle between the sons of the founder of Hanmi Pharmaceutical -- Lim Jong-yoon and Lim Jong-hoon -- and the OCI Group has intensified. OCI Group holds a significant stake in Hanmi Science, the parent company of Hanmi Pharmaceutical Group. The legal battle remains on the question of integr
The competition in the foldable phone market is expected to intensify this year. Amid predictions that Chinese companies, including Huawei, are set to release a “tri-fold phone” that can fold both inwards and outwards twice, Samsung, a leader in the foldable phone market, is anticipated to unveil it
The stock price of Rainbow Robotics surged following reports that Samsung Electronics could expedite the acquisition of the robot specialist company. However, Samsung Electronics has refuted these claims as baseless.According to the Korea Exchange on Feb. 8, Rainbow Robotics saw its stock price jump
The feared situation has finally emerged for China’s e-commerce giant AliExpress, which ambitiously entered the South Korean market by prioritizing cost-effectiveness.In particular, consumer dissatisfaction is pouring in regarding services and customer responses, which have been consistently critici
ASML Korea’s President, Lee Woo-kyung, disclosed before attending the SEMICON Korea 2024 Industry Leadership Dinner held at the Grand InterContinental Seoul Parnas in the Gangnam district of Seoul, on the last day of January, “We are looking at the year 2027 to bring in the High-Numerical Aperture (
China Unicom Beijing and Huawei have successfully deployed a pilot large-scale 5.5G network in Beijing to provide continuous coverage in three key areas, including Beijing Financial Street in the city center, the landmark Beijing Long Distance Call Building, and multipurpose Workers' Stadium. This f
The Korean beauty care industry is turning its eyes to the Japanese market. It is a strategy to try to rebound by targeting Japan as an alternative market as its performance weakened due to a decline in the market share of Korean cosmetics in China.LG Household and Health Care’s cumulative sales thr
The Bank of Korea (BOK) has decided to maintain the benchmark interest rate at 3.50 percent during its first Monetary Policy Committee meeting of the year, marking the “eighth consecutive” freeze. This decision is interpreted as a cautious stance, considering the ongoing global trend of major centra
South Korea’s first food service company Ourhome has responded to the accusation of professional malpractice made by former Vice Chairman Koo Bon-sung against his younger sisters -- current Vice Chairman Koo Ji-eun and the company’s internal director Koo Myung-jin -- the previous day. OurHome stated
The author is an analyst for Shinhan Securities. He can be reached at ldh@sinhan.com -- Ed.HD Hyundai Electric is expected to have earned sales of KRW844bn (+24% YoY) and operating profit of KRW100.9bn (+97% YoY) in 4Q23, beating consensus estimates by 6% and 14%, respectively. Operating margin like
Chef Jimyung Lee of Park Hyatt Seoul, celebrated for his creativity and artistry, and Chef Narae Kim of Park Hyatt Paris-Vendôme, named the Best Pastry Chef of the Year by the French restaurant guide Gault & Millau, will jointly present "Four Hands Dessert: Taste of Seoul and Paris" on the top floor
Debt, or credit, for both households and businesses surged to a historic peak, surpassing twice the gross domestic product (GDP) during the third quarter of this year. With an increasing number of businesses relying on non-banking institutions after the COVID-19 pandemic, coupled with a rising house
Offshore plants, the main cause of the shipbuilding industry’s prolonged recession, are making a comeback. Demand for offshore plants is changing from oil to eco-friendly energy such as offshore wind power and liquefied natural gas (LNG). It is expected to become a new growth driver for Korean shipb