A recent study has found that the South Korean won has surpassed the U.S. dollar as the most widely used currency in global cryptocurrency trading.On April 16 (local time), Bloomberg News reported that the volume of cryptocurrency transactions conducted in Korean won on exchanges amounted to US$456
In a bid to reinforce the future of smart living, industry rivals Samsung Electronics and LG Electronics are joining hands to establish a “Smart Home.” Their collaboration involves integrating both companies’ smart home platforms in the cloud to bolster interconnectivity between appliances.On Aug. 2
ONDA, a South Korean hospitality technology company, is making inroads into the Turkish hotel solutions market. This expansion is fueled by a strategic partnership with CMH Solutions, a top player in the Turkish hotel and resort industry.ONDA (CEO Hyun-seok Oh) announced it has signed a Memorandum o
The author is an analyst of Shinhan Securities. He can be reached at yjjung86@shinhan.com -- Ed.1Q23 OP meets expectations at KRW70.2bn (+2% YoY, +23% QoQ) HL Mando posted operating profit of KRW70.2bn (+2% YoY, +23% QoQ) on sales of KRW2tr (+18% YoY, -8% QoQ) in 1Q23, coming in line with the market
HMM announced on March 6 that it will provide free shipping services for Korean relief goods and residential container boxes to Türkiye, which has suffered from recent massive earthquakes.HMM, the only Korean shipping company providing regular European services, started transporting relief supplies
Korean companies are working hard to help Turkey and Syria, which were hit hard by massive earthquakes. They are continuing to donate money and deliver relief goods for earthquake recovery and rescue work in Turkey.On Feb. 10, Samsung Electronics decided to provide a total of US$3 million in cash an
Korea Electric Power Corp. (KEPCO) has submitted to the Turkish government a preliminary proposal for the construction of a large-scale nuclear power plant in Turkey.KEPCO president Cheong Seung-il visited Turkey on Jan. 30 and discussed its participation in the Turkish nuclear power plant project w
The three Korean battery companies are reconsidering their capacity expansion plans.SK On, a battery subsidiary of SK Innovation, temporarily halted a plan to build an electric vehicle (EV) battery plant in Ankara, Turkey by jointly investing 3 trillion won with Ford of the United States and Koç Hol
This year's KOSPI report card is in the bottom of the G20, excluding Russia at war.KOSPI dropped by about 22 percent from 2,988.77 points on Jan. 3, the first trading day of 2022, to 2,333.29 points on Dec. 20 of 2022, according to the Korea Exchange. Among G20 member countries, Russia (-40 perc
As DL E&C and SK ecoplant failed to meet the construction deadline of Canakkale Bridge in Turkey, the bridge was temporarily opened.DL E&C and SK ecoplant announced that they had completed the Canakkale Bridge in March, but the remaining work was still in progress. Canakkale Bridge is the longest su
The International Union for Conservation of Nature announced on Sept. 4 that washed microfibers account for 35 percent of marine microplastics. According to it, washing of synthetic fiber clothing leads to fiber decomposition and the resultant microplastics flow to the sea. According to experts, was
The International Contractors Association of Korea announced on Aug. 8 that South Korean construction companies’ overseas construction contracts signed between Jan. 1 and Aug. 7 this year total US$17.419 billion, up 12 percent from a year ago.“The 331 contracts, up 18 percent year on year, were sign
KT announced on Aug. 7 that it has signed a strategic cooperation agreement with Turk Telekom, a Turkish telecom operator.According to KT, Turk Telekom will launch the Korean Section on its Internet TV (IPTV) and over the top (OTT) service. KT plans to supply Korean content to the Korean Section and
The authors are analysts of Shinhan Investment Corp. They can be reached at yjjung86@shinhan.com and dongho2852.shin@shinhan.com, respectively. -- Ed. 2Q22 OP falls short of expectations at KRW45.7bn (-40.4% YoY)Mando's 2Q22 sales were in line with market expectations at KRW1.7tr (+12.9% YoY, -0
SK Innovation vice chairman Kim Jun said on March 31 that he expected an initial public offering (IPO) of SK On, a battery subsidiary that was split off in 2021, after 2025.“We are not planning SK On’s IPO in the near future,” Kim said in a question-and-answer session after the 15th regular sharehol
The 1915 Çanakkale Bridge, the world's longest suspension bridge in Turkey built by Korea's DL E&C and SK ecoplant, opened on March 18 (local time).Prime Minister Kim Boo-kyum, Turkish President Erdoğan, employees of DL E&C and SK ecoplant attended the opening ceremony of the bridge, a miles
SK On is moving forward with its ambitious dream of becoming the global No. 1 supplier in the electric vehicle (EV) battery market. Joining hands with Ford, the Korean battery supplier began building the largest battery joint venture in the U.S. last year. In 2022, Koç, a leading investment holding
The Born2Global Center announced on March 2 that it has signed a three-way memorandum of understanding with the Investment Office of the Presidency of the Republic of Turkey and Teknopark Istanbul for partnership and collaboration in innovation and high-tech startups of the two countries.The three o
KT announced on March 3 that it has signed a memorandum of understanding (MOU) with Turkey's No. 1 telecom operator Turk Telekom to provide KT's various digital transformation (DX) services to Turkish customers.Through an agreement signed at MWC 2022 in Spain, the two companies decided to ex
The Korea Economic Research Institute of the Federation of Korean Industries said on Feb. 17 that South Korea’s national debt-to-GDP ratio is estimated to increase 18.8 percentage points from 2020 to 2026, the highest among the 17 non-key currency countries in the OECD.“The ratios of Canada, Iceland