Recently, there has been a trend where shareholder demands for increased shareholder returns have slightly subsided as proposals such as the retirement of repurchased stocks or dividend expansions were rejected at shareholder meetings. While companies have temporarily relieved the pressure by proact
Hanwha Aerospace and Hanwha Systems announced on Feb. 13 that they signed a trilateral memorandum of understanding (MOU) for cooperation in the defense industry with the Saudi Ministry of National Defense during the World Defense Show 2024, a comprehensive defense exhibition in the Middle East held
Four labor unions representing Samsung affiliates, including Samsung Electronics, Samsung Display, Samsung Fire & Marine Insurance, and Samsung Biologics, will merge to form a consolidated labor union. The launch of this mega labor union is scheduled for the end of this month. The establishment of t
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
SK bioscience, an innovative vaccine and biotech company committed to promoting human health from prevention to cure, announced that the updated COVID-19 vaccine (NVX-CoV2601) developed by Novavax, a global company advancing protein-based vaccines with its Matrix-M™ adjuvant, has received an emergen
The Korean government has withdrawn its controversial proposal to revise working hours to a maximum of 69 hours a week and will maintain the current 52-hour workweek while providing improvement measures for some industries and occupations.The Ministry of Employment and Labor announced the results of
South Korea’s battery industry is on high alert due to the potential designation of companies as “Foreign Entities of Concern” (FEOC) by the United States. If Chinese companies that supply raw materials and substances to Korean firms get listed as FEOCs, it could hinder these firms from receiving th
Doosan Digital Innovation (DDI) has entered a strategic partnership with Claroty to provide Operational Technology (OT) security solutions to domestic companies. Claroty, an Israeli firm that has received investment from SoftBank, is a global specialist in Extended Internet of Things (XIoT) security
On Aug. 9 (local time), the U.S. federal government made a decision to regulate American capital investment in China’s advanced technology sector. This marks an escalation of the economic battle between the U.S. and China, expanding its front from trade and technology to the investment domain. This
During the middle of July, South Korea witnessed a consecutive two-month rise in its foreign exchange reserves, reflecting an increase of US$350 million. This surge can be attributed to the upward valuation of foreign currency assets against the backdrop of a weakened U.S. dollar, particularly again
It was recently confirmed that Kia Motors filed a lawsuit against the union executives who, without any grounds for dispute, illegally went on strike, causing severe financial damage to the company. Despite not undergoing any dispute resolution procedures with the Labor Commission, the Kia Union lau
The Export-Import Bank of Korea (Korea Eximbank) is extending financing for SK E&S’s Barossa Gas Field in Australia. The move will ease financial burdens on SK E&S, which has seen some of its licenses suspended due to conflicts with Aboriginal Australians.Korea Eximbank decided on May 31 to extend U
The United States and China are ramping up their competition over South Korean semiconductors. Following China's sanctions on U.S. semiconductor firm Micron, the two nations are locked in a struggle to fill the resulting gap. China, which had previously launched harsh criticisms such as “playing
Some forecast that as China imposes a purchase ban on products from Micron, a U.S. memory chip maker, China will try to make up the shortfall with the help of Samsung Electronics and SK hynix. In response, the Chinese government reiterated that it was strongly opposed to the possibility of the Unite
The South Korean government won a five-year dispute at the World Trade Organization (WTO) over the unfairness of a U.S. safeguard on washing machines.The WTO Dispute Settlement Body (DSB) adopted a panel report in favor of South Korea in the washer safeguard dispute between the United States and Sou
The U.S. safeguard on South Korean washing machines implemented in February 2018 is likely to expire without extension at the end of this month. For the past five years, Samsung Electronics and LG Electronics raised their shares in the market by successfully dealing with the trade barrier.In princip
The authors are analysts of NH Investment & Securities. They can be reached at ys.jung@nhqv.com. -- Ed. Continued shelling on Ukraine’s Zaporizhzhia NPP raises the specter of the 1986 Chernobyl disaster.Zaporizhzhia NPP under attackThough having fallen to the Russian army in March, Ukraine’s Zaporiz
Remi Eriksen, CEO of DNV, recently had an interview about the longstanding relationship between his company and Korea. DNV is the world’s largest international accredited registrar and classification society and is headquartered in Norway. It provides services to a range of industries, including the