Global leading tire company Hankook Tire & Technology (Hankook Tire)’s iON evo SUV, a high-performance tire specially designed for electric vehicles, has received the highest rating, “Exemplary” in a tire test conducted by the German automotive magazine Auto Bild. Through this, a company once again
Round eight of this season’s ABB FIA Formula E World Championship in the principality of Monaco is the next highlight for the Hankook iON Race. On the 27th of April, the spotlight in the second-smallest country in the world will be on the fully electric racing series. The 3.337-kilometer circuit, wh
The author is an analyst for NH Investment & Securities. He can be reached at youngryu@nhqv.com. -- Ed.Noise appearing here and there; market expectations being adjustedAfter ASML and TSMC announced weaker-than-expected 1Q24 results and negative market outlooks, tech firms have experienced overall s
Both Samsung Electronics and SK hynix, the two leading semiconductor giants in South Korea, closed lower. The decline was influenced by a simultaneous sharp drop in semiconductor stock prices, with Nvidia falling by 10 percent in the U.S. market.In the KOSPI market on April 22, Samsung Electronics c
Netflix Services Korea has begun an administrative lawsuit against Korea’s tax authorities over 78 billion won (US$57 million) in tax imposed on the OTT giant. Much attention is being paid to see how the Korean court will rule on the unfair practice of global platform companies such as Netflix not p
It has been revealed that the four American “big tech” companies -- Apple, Microsoft, Google, and Meta -- collectively garnered around 9 trillion won in sales and about 600 billion won in operating profit in South Korea over the past year.According to the audit reports disclosed in the Financial Sup
In the first quarter of this year, Korea’s exports to the United States surpassed those to China for the first time since the second quarter of 2003.Exports to the U.S. are expected to remain strong for the foreseeable future, driven by foreign direct investment (FDI) in the manufacturing industries
The 21st Huawei Analyst Summit (HAS) kicked off in Shenzhen. Themed "Thrive with Intelligence", the event brought together more than 500 analysts, think tank researchers, and other guests from around the world to explore what's coming next in the age of intelligence, where the ICT industry is headin
On April 18, Hyundai Motor Group signed a strategic cooperation agreement with Toray Group to develop new materials for mobility at the Hyundai Motor Group headquarters in the Yangjae neighborhood of Seoul.Hyundai Motor Group has partnered with Toray Group to innovate mobility materials. The strateg
Hanwha Systems (CEO: Sung-Chul Eoh) released images of various locations on Earth taken by its small SAR satellite on April 18th, successfully launched on December 4th, 2023.The images taken by Hanwha Systems' small SAR satellite were transmitted from an altitude of 650 kilometers above the Earth. T
Starting this year, the Restricted Stock Unit (RSU) agreements agreed upon by the heads of conglomerates and their family members will be subject to mandatory disclosure. Consequently, companies affiliated with major corporate groups are obligated to disclose the status of RSUs, not only for listed
Despite major property and casualty insurance companies lowering automobile insurance premiums for two consecutive years in April 2022 with a reduction ranging from 1.2 percent to 1.4 percent, and in February last year with a reduction ranging from 2.0 percent to 2.5 percent, they have recorded prof
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
GC Cell, a fully integrated cell therapy pioneer, has announced poster presentations from studies of its preclinical study of GL205 (GCC2005), a CD5 CAR-NK targeting malignant T-cell lymphoma, and real-world data for the anticancer immunotherapy drug ‘Immuncell-LC’ at the AACR Annual Meeting 2024 th
Coupang has been found to be cheaper than major retailers such as hypermarkets when it comes to groceries and daily necessities that drive shopping cart prices.A recent survey by market research firm Ipsos analyzed the prices of 79 products in 49 categories, including processed food, fresh food, and
During the first quarter, foreign investors net purchased nearly 15.8 trillion won (US$11.66 billion) worth of domestic stocks, marking the highest level ever recorded since relevant data collection began.According to the Financial Supervisory Service on April 8, foreign investors net purchased 5.10
LS Eco Energy announced on April 2 that it has signed a business agreement with the Institute of Energy (IE) under the Vietnam Electricity Authority regarding the superconducting cable project.The two parties plan to establish a cooperative system to apply superconducting cables to the Vietnamese po
With the passing of Hyosung Group Chairman Emeritus Cho Seok-rae on March 29, his sons, Chairman Cho Hyun-joon and Vice Chairman Cho Hyun-sang, are expected to take the helm of the business group.Hyosung Group formalized the establishment of a new holding company through its board of directors in Fe
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
Danggeun Market (Karrot), the publisher of South Korea’s local super app ‘Karrot’, achieved record-high revenue and its first turnaround since its establishment. Danggeun Market’s accomplishments are impressive, especially considering they were achieved during a global economic downturn. The company