Controversy over AliExpress’ and Temu’s harmful content for teenagers has not subsided.Despite constant criticism from Korean consumer organizations, the two Chinese e-commerce giants’ measures have been insufficient, and responses came late from the Korean government.According to a recent report, a
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
The author is an analyst for NH Investment & Securities. He can be reached at junsup@nhqv.com -- Ed.From now forward, we believe that the key to determining the value of financial sector plays is to be the existence of specific shareholder return policies and the market's level of trust in them.Boos
The Ministry of Science and ICT announced that it participated in the ministerial session held at the Mobile World Congress (MWC) 2024, the world’s largest mobile exhibition in Barcelona, Spain, on Feb. 27. During the event, it introduced the South Korean government’s policies regarding the safe uti
The Ministry of Land, Infrastructure, and Transport (MOLIT) announced that a voluntary recall will start for about 40,000 vehicles from Hyundai Motor Company, Mercedes-Benz Korea, BMW Korea, Honda Korea, and Man Truck Bus Korea for manufacturing defects.According to MOLIT on Feb. 8, 18,664 Hyundai K
Following the United States, South Korea has also issued a voluntary corrective action (recall) for all Tesla vehicles equipped with the Autopilot autonomous driving assistance feature.The Ministry of Land, Infrastructure and Transport of South Korea announced on Jan. 4 that they are recalling a tot
The public takeover bid for Hankook & Company by MBK Partners, in collaboration with Advisor Cho Hyun-sik of Hankook & Company, has fallen through.On Dec. 26, Ventura, the special purpose company (SPC) of MBK Partners Special Situation Fund (SS) No. 2, announced, “The public takeover of Hankook & Co
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
Google and Apple have been hit with a corrective order and a potential maximum fine of 680 billion won by the Korea Communications Commission (KCC) for forcing app developers into in-app payment systems, an act described as 'overbearing.'The KCC announced its intentions based on the results of a fac
Major Korean petrochemical companies have been downsizing or selling off their film businesses, which were once significant business areas. This is because they find themselves in a situation where they cannot sell their products at fair prices, as China has increased production with low-priced prod
ESG disclosures in Korea will be mandatory for companies with more than 2 trillion won in assets starting in 2025, but even large companies are still struggling to prepare.The Korea Chamber of Commerce and Industry (KCCI) surveyed ESG executives from 100 Korean companies -- 59 large companies and 41
Despite a sharp decline in operating profits, the top 50 companies in the stock market (KOSPI) have increased their workforce by more than 13,000 employees.According to the semi-annual reports released on Aug. 16, the combined operating profit of the top 50 companies in the KOSPI index, excluding fi
Last year, three out of every ten LG Electronics employees in their 20s voluntarily resigned. As a result, there is an increase in new hires among those in their 20s.According to LG Electronics’ Sustainability Report on Aug. 13, the company had a total of 72,652 employees worldwide last year. The nu
OSSTEM IMPLANT is scheduled for delisting from the KOSDAQ market on Aug. 14, marking an end to its 16-year presence since its market debut in 2007. The orderly liquidation period will span from Aug. 3 to Aug. 11.On Aug. 2, the Dentistry Investment consortium, formed by MBK Partners and Unison Capita
Problems with power loss while driving continue to plague electric vehicles from several major brands. The issues have mostly been detected in their Integrated Power Control Units (ICCU), but other causes have also been identified. Although the history of electric vehicles is still short and require
Chey Tae-won, chairman of SK Group and the Korea Chamber of Commerce and Industry, clarified the rationale for hosting the 2030 Busan World Exposition (Expo).According to the Korea Chamber of Commerce and Industry, Chairman Chey held a briefing for foreign journalists on July 26 to share his reflect
Nurihaus, which operates the global influencer community Nuri Lounge, headed by CEO Baek Ah-ram, and Ecomobi, led by CEO Truong Cong Thanh, a key player in building the creative career for creators with the first all-in-one monetization platform for Creators in Southeast Asia, have announced the sig
On June 13, the Korea Fair Trade Commission (KFTC) rejected a voluntary consent resolution plan proposed by Broadcom, a U.S. telecommunications semiconductor company, after being accused of abusing Samsung Electronics. This is because the KFTC judged that the amount of compensation for the damage wa
Osstem Implant is set to initiate its delisting procedure. If approved at the extraordinary general meeting of shareholders scheduled for next month, the company plans to apply for delisting from the Korea Exchange (KRX).According to the financial investment industry on May 23, Osstem Implant held a
The European Union (EU), currently reviewing the merger of Korean Air and Asiana, has once again expressed a negative opinion.According to Korean Air and other sources on the 18th, the EU Commission released an examination report the day before, stating concerns about price increases and service qua