The Financial Supervisory Service (FSS) announced on March 25 that it would initiate a concentrated investigation into what are colloquially referred to as “zombie companies.” These are businesses considered financially distressed, resorting to tactics such as capital increases through disguised pay
Among domestic construction companies, GS Engineering & Construction (GS E&C) has received the highest number of defect judgments in the last five years, with a total of 1,646 cases.According to the Ministry of Land, Infrastructure and Transport on March 24, GS E&C had 3,284 defects reported to the
Samsung Display and LG Display, the two major Korean display makers, have begun the second round of their battle in the display market. Unlike LG Display, which makes large-sized panels, Samsung Display makes smash hits focused on small and medium-sized panels. LG Display is trying to reverse its fo
India, the world’s third-largest automobile market, is expected to emerge as an electric vehicle battleground after the United States and Europe. This is because the Indian government, which has been sticking to high tariff barriers, has launched a drastic tariff reduction policy to attract global e
Hyundai Motor Group will launch a large-scale electric vehicle recall. It is the largest voluntary recall in three years since the automaker entered the market with an electric vehicle-only platform (E-GMP) in 2021. Hyundai and Kia will replace faulty integrated charging control units (ICCUs) in som
“Like the company has persisted in developing HBM, confident in its value, I too will continue to devote efforts to developing next-generation AI memory technology to lead the rapidly changing AI era,” said Son Ho-young, vice president of SK Hynix, on Feb. 27, expressing his thoughts and ambitions a
Foreign investors who invest in domestic stocks and bonds will see significant improvements in the complex foreign exchange procedures they have faced so far. It is expected that the accessibility of foreign investors to the domestic market and the Korean won will improve.The Bank of Korea and the M
The author is an analyst for Shinhan Securities. He can be reached at sokang@shinhan.com -- Ed.4Q23 review: New game and profitability disappointNCsoft registered operating profit of KRW3.9bn (-91.9% YoY, -76.7% QoQ, operating margin of 0.9%) on sales of KRW437.7bn (-20.1% YoY, +3.5% QoQ) for 4Q23,
It has been revealed that over 90 percent of nuclear power plants with operating licenses that have expired in major overseas countries are undergoing safety assessments and extending their operational lifespans for continued operation.The active pursuit of continued operation by various countries i
The government has decided to announce measures in February to address the risk of foreign investors’ failure to settle foreign exchange payments as part of the structural improvements in South Korea’s foreign exchange market, which are set to begin in earnest in July.The plan is to manage the risks
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
Following the election of an anti-China candidate in the Taiwanese presidential election, the geopolitical risks associated with Taiwan, a central player in the global semiconductor supply chain, have elevated the roles of Southeast Asian countries like Malaysia, Singapore, and Vietnam as new global
Huawei held a conference on the Top 10 Trends of Data Center Facility in 2024 and released the corresponding White Paper. At the conference, Yao Quan, President of Huawei Data Center Facility Domain, defined the three characteristics of future data centers: reliable, simplified, and sustainable. Yao
The government is restructuring industrial and energy technology development projects to focus on high-risk, next-generation, and large-scale tasks. There will be a significant reduction in the financial burden on companies. The plan is to transition to a demand-driven process where businesses and r
Last Edited Jan. 9, 2024, 12:40 p.m. A previous version of this story incorrectly said that the company had decided to stop taking orders, which the company asserts is not true. The previous version of the story also said that the company is planning to reduce the number of its docks, which the comp
In South Korea, the prolonged phenomenon of an “ultra-low birth rate” is threatening the sustainability of its population and the very foundation of national existence.A recent column in The New York Times, titled “Is South Korea Disappearing?,” has raised alarms about the speed of population declin
As Kakao Corporation and its executives face trial over allegations of stock manipulation involving SM Entertainment, controversy arises within Kakao Pay, a subsidiary that has been pursuing the acquisition of management rights of Siebert Financial, a U.S.-based securities firm, since the beginning
GC Biopharma Corp’s eight-year endeavor has finally come to fruition as its blood product successfully enters the U.S. market. This achievement marks the first Korean blood product and the seventh new drug to receive approval from the U.S. Food and Drug Administration (FDA).On Dec. 18, GC Biopharma
Samsung Heavy Industries disclosed on Dec. 18 the arbitration tribunal’s decision regarding the damage compensation for defects in the cargo holds of two liquefied natural gas (LNG) carriers they built.On Dec. 15 (local time), the London arbitration tribunal ruled that Samsung Heavy Industries must