As Taiwan, located on the “Ring of Fire” in the Pacific Ocean, faces its strongest earthquake since the “921 Earthquake” of 1999, concerns about the spread of the damage are growing.Taiwan, a leading nation in advanced semiconductor production, is in the spotlight due to production disruptions at TS
Chinese online shopping platforms AliExpress, Temu, Shine and other overseas business operators over a certain size will be required to have representatives in Korea. This new policy is aimed at making them responsible for consumer protection.Unlike AliExpress, which currently has a legal entity in
Starting on Dec. 14, the foreign investor registration system, which was considered one of the causes of the “Korea Discount,” or the undervaluation of the South Korean stock market, will be abolished.According to the financial investment industry on Dec. 12, the “Enforcement Decree of the Capital M
The small and medium-sized enterprise (SME) sector is urging the swift passage of the “Business Succession Support Act” currently under consideration in the National Assembly, advocating for businesses to opt for continuity rather than closure. This comes as numerous companies consider closure inste
Coway Co., Ltd., the “Best Life Solution Company,” announced today that it has been named a CES® 2024 Innovation Awards Honoree by the Consumer Technology Association (CTA) for its groundbreaking BEREX Reclining Massage Bed.The CES Innovation Awards, an annual competition sponsored by the Consumer T
As Korea, China, and Japan continue to compete in the world shipbuilding market, China took the lion’s share of large oceangoing vessel orders in 2022, according to a report.According to an annual report on the shipping and shipbuilding markets by ship brokerage firm Barry Rogriano Salis (BRS) Group
South Korea has been removed from the U.S. currency manipulator watchlist for the first time. This move comes with recognition of the transparency in South Korea’s foreign exchange policies and marks a significant step towards stability in the value of the South Korean won, providing some relief for
The proposed merger between Japan’s Kioxia, a NAND flash memory producer, and the American company Western Digital (WD) has been called off. The merger practically required the approval of SK hynix, an indirect investor in Kioxia. However, due to the reluctance shown by SK hynix, the deal didn’t pro
Samsung Electronics, which had faced the threat of 400 billion won (US$295 million) in compensation due to a patent dispute with American semiconductor firm Netlist, can now breathe a sigh of relief.According to industry sources on Oct. 18, the U.S. Federal Ninth Circuit Court of Appeals recently re
As financial authorities announced a one-year delay in the mandatory implementation of Environmental, Social, and Governance (ESG) disclosure, originally targeted for 2025, the business sector breathed a sigh of relief, stating that this extra time would allow them to better prepare for the regulati
Samsung Electronics has decided to transition to a 200-layer NAND process at its NAND flash factory in Xi’an, China. The move to produce 236-layer products, which belong to the 8th generation of NAND, is seen as a strategic step to overcome a decline in performance due to sluggish global NAND demand
On Oct. 11, Hyundai Rotem announced that it had received a pamphlet from the local government of Ukraine, expressing gratitude for the pivotal role their railway vehicles played in safely evacuating war refugees.The top right of the pamphlet reads, “Hyundai trains became one of the lifelines for Ukr
The U.S. government has decided to indefinitely postpone export controls on equipment for Samsung Electronics and SK hynix’s semiconductor plants in China. While there’s some relief in the semiconductor industry, uncertainties over their China plants haven’t entirely vanished, making the incentive f
After an absence of 1 year and 9 months, Samsung Electronics’ proprietary mobile application processor (AP), Exynos, is set to return. Following last year’s controversy over the Game Optimization Service of the Galaxy S22, Samsung had been exclusively using Qualcomm’s Snapdragon 8 2nd generation in
On Sept. 20 (local time), the Chong Kun Dang Kochon Foundation announced that it had held the “17th Kochon Prize Ceremony” at the U.N. Headquarters in New York on Sept. 21.This year, the Kochon Prize focused on the theme of “Recognition for medical professionals who do not give up on tuberculosis tr
Korea Startup Forum (KSF), the organizer of COMEUP, Korea’s most prominent startup event, announced that it held the ‘COMEUP 2023 Preview & Workshop in BUSAN’ from August 31 to September 1 at Citadines Connect Hari Busan.The workshop was held in advance of the main event, COMEUP 2023, on November 8-
The procurement for the El Dabaa project in Egypt and the tritium removal facility (TRF) project in Romania, which were secured after the inauguration of the Yoon Suk-yeol administration, will begin in October. This will unlock a total of 104 items with a value of 800 billion won (US$603.77 million)
The U.S. government is considering extending the waiver on export controls for semiconductor manufacturing equipment applied to South Korean and Taiwanese companies, Japan’s Nikkei newspaper reported on Aug. 23. This waiver is set to expire in October.Quoting multiple industry insiders, Nikkei repor
The trade surplus of US$2.44 billion in the first half of this year is largely attributed to a substantial inflow of dividend income from abroad, amounting to US$1.59 billion. This analysis points to the expansion of overseas direct investments by companies that had previously heavily relied on key
The South Korean government plans to contribute US$10 million to the World Bank’s Ukraine Relief, Recovery, Reconstruction and Reform Trust Fund for Ukraine’s reconstruction.On July 18, according to the Ministry of Strategy and Finance, while attending the G20 Finance Ministers’ meeting in Gandhinag