It has been more than a month since AliExpress received a voluntary agreement proposal from the Korea Consumer Agency (KCA) to block hazardous and harmful products but the agreement has not yet been signed yet. Recently, AliExpress has been caught selling deleterious products one after another and i
Finance ministers of Korea, the United States, and Japan will meet for the first time ever in Washington, D.C., the United States on April 17.The Ministry of Strategy and Finance announced on April 16 that Deputy Prime Minister and Minister of Finance Choi Sang-mok will leave for the United States t
After a failed sale left HMM without a new owner, the company has decided to significantly expand its fleet by 2030. This strategy aims to address the global economic slowdown, restructuring of shipping alliances, and tightening environmental regulations by increasing its size and strengthening busi
Samsung Electro-Mechanics is expanding its footprint in the artificial intelligence (AI) market. Following the successful mass production of semiconductor package substrates for AI PCs, the company plans to also produce Flip Chip-Ball Grid Array (FC-BGA) for AI servers in the second half of the year
On April 12, Kakao announced its membership in the AI Alliance, a global community aimed at supporting open innovation and open science in the field of artificial intelligence (AI). The AI Alliance, launched in December last year, includes leading organizations from various sectors such as IBM, Meta
HD Hyundai Heavy Industries recently announced the signing of a technical memorandum of understanding (MOU) with global turbine company GE Aerospace for the development of an optimized propulsion system for export warships at the Sea Air Space 2024 exhibition in the United States on April 11.The agr
U.S.-based semiconductor company Intel has declared a counteroffensive in the AI semiconductor market led by Nvidia. Intel plans to create an open platform for AI development that rivals Nvidia’s semiconductors and AI development platform, aiming to form a new alliance system. For this purpose, Inte
LG Electronics is speeding up its efforts to enhance its semiconductor capabilities as it battles with Samsung Electronics for dominance in the AI home appliance market.On April 10, LG Electronics announced plans to expand its home appliance-specific on-device AI chip, DQ-C, to 46 models across 8 pr
The domestic steel industry continues to remain tense despite favorable factors such as a decrease in raw material prices and production cuts in China. With demand continuing to shrink due to economic downturns, inventory buildup persists, leaving little room for relaxation.According to the steel in
In response to China’s aggressive dumping tactics, experts are advising that now is the time to refine three traditional measures: anti-dumping duties, countervailing duties, and safeguards. There is also a growing argument for bolstering barriers through measures such as limiting tax-exempt limits
Recent opinion polls suggest that former President Donald Trump is leading in the race in swing states among potential candidates for the upcoming November U.S. presidential election, raising concerns about trade pressure from the United States. During his tenure, former President Trump considered t
LG Innotek announced on April 7 that it has developed a “high-performance Light Detection and Ranging (LiDAR)” that triples the detection distance in adverse weather conditions compared to its predecessors.LiDAR, which uses infrared rays to measure distances, is considered an essential component for
Domestic individual investors have surpassed the milestone of holding over 113 trillion won in overseas stocks, marking a historic high. With the KOSPI index rising by 3 percent in the first quarter of this year, major foreign markets such as the United States and Japan surged by over 10 percent, de
Hyundai announced on March 31 that it has released a campaign video on its worldwide YouTube channel showcasing the process of its IONIQ 5 autonomous robotaxi obtaining a U.S. driver’s license.Titled “IONIQ 5 Robotaxi Passes the Driving Test,” the video depicts the IONIQ 5 Robotaxi undergoing a driv
SK Innovation announced at its shareholder meeting held on March 28 that it will reassess numerous businesses it has aggressively pursued so far. The company expressed its intention to focus on select ventures and concentrate its efforts.According to industry sources on March 28, SK has been conduct
An analysis by the World Wildlife Fund (WWF) suggests that the average person ingests as many as 5 grams of microplastics weekly – that’s the equivalent of eating a whole credit card. While the exact effects of plastics on human health are still relatively unknown, the World Health Organization (WHO
Hankook & Company, the holding company of Hankook & Company Group, has announced it will rebrand Hankook ATLASBX Motorsports, a Korean premier motorsport team sponsored by Hankook & Company, as HANKOOK COMPETITON, as it takes significant steps towards becoming a leading presence in global motorsport
Last year, insurance companies recorded a net profit exceeding 13 trillion won (US$9.68 billion), marking a record high performance in history.According to the “2023 Insurance Company Management Performance” report released by the Financial Supervisory Service on March 26, the combined net profit of
The author is an analyst for NH Investment & Securities. He can be reached at pk.park@nhqv.com -- Ed.Recent ELCC data released by J&J proves that the expanded adverse reactions seen during phase III trials of Mariposa can be managed. With approval expected mid-year, now is the time to pay attention
AIA Group Limited has published its Environmental, Social and Governance (ESG) Report 2023, "Sustaining Healthier, Longer, Better Lives." The report highlights the strong progress of AIA's five-pillar ESG Strategy.Among the significant achievements in 2023 AIA published its first Climate Transition