Samsung C&T is joining hands with multinational corporations to participate in Oman’s large-scale green ammonia project.On Dec. 13, the construction division of Samsung C&T announced that it has formed a consortium with Japan’s Marubeni, Oman’s state-owned energy company OQ, and UAE’s Dutco, among o
Art & Design International(hereinafter: Art & Design), running the Global skincare brand # OOTD Beauty, was awarded the 1 Million Dollar Export Tower award on the 60th national trade ceremony day. OOTD Beauty made its debut in the United States through offline retailers such as Macy’s, TJ Maxx and M
The author is an analyst for NH Investment & Securities. He can be reached at jooyh@nhqv.com -- Ed.Amid the process of Lotte Rental expanding its used car rental business, its used car sales volume has decreased. But, its sales and OP growth should sustain in 2024 on both export expansion and brand
Medytox announced on Dec. 13 that its subsidiary, NEWMECO, has launched a next-generation botulinum toxin product named NEWLUX. NEWMECO received product approval from the Ministry of Food and Drug Safety in August for NEWLUX, a botulinum toxin formulation that eliminates the use of animal-derived co
Despite the United States intensifying its export restrictions against China in the semiconductor sector, China’s self-sufficiency rate in advanced products such as domestic artificial intelligence (AI) chips is increasing faster than expected.Market research firm TrendForce reported on Dec. 12 that
The continued decline in semiconductor prices and a slowdown in the growth rate of automobile exports have led to a deterioration in the growth and profitability indicators of domestic companies in the third quarter from July to September.According to the results of the “Q3 Corporate Management Anal
K-beauty companies are gaining tremendous popularity in the Japanese market, surpassing beauty powerhouse France. Leveraging cost-effectiveness and product quality, these companies are showcasing their presence across both online and offline markets, offering a range of products from basic skincare
LS Group has signed a memorandum of understanding (MOU) with Saudi Arabia, the world’s leading oil exporter, for business cooperation and market entry.On Dec. 12, LS Group Chairman Koo Ja-eun met with Saudi Arabian Minister of Industry and Mineral Resources Bandar Ibrahim Alkhorayef and CEO of the I
Samjong KPMG (KPMG Korea) predicts that the semiconductor and smartphone markets will rebound in 2024 thanks to the full-scale commercialization of artificial intelligence (AI) technology. On the other hand, the automobile, shipping, construction, and distribution industries are likely to show slugg
Among the business groups subject to disclosure with assets exceeding 5 trillion won (US$3.79 billion), or large corporate groups, last year, Celltrion secured the top spot for the sixth consecutive year with the highest proportion of internal transactions. The overall internal transaction ratio of
Korean battery manufacturers are focusing on silicon anode materials as a key strategy to reduce dependence on Chinese graphite, a major weakness of K-batteries. This next-generation material is estimated to have an energy density about 10 times higher than the graphite-based anode materials current
Hyundai Engineering announced on Dec. 11 that it has signed a memorandum of understanding (MOU) with the Korea Atomic Energy Research Institute for the overseas export of the Korean-style Small Modular Reactor (SMR).The signing ceremony, held at the Korea Atomic Energy Research Institute headquarter
Poland, on the brink of a regime change for the first time in eight years, faces concerns that defense equipment contracts signed with South Korea could be nullified following the general elections in October.According to Reuters on Dec. 10 (local time), Simon Holownia, a member of the opposition al
This year marks the 60th anniversary since the release of ramen in Korea, and its export revenue has exceeded 1 trillion won for the first time in history.According to the trade statistics from the Korea Customs Service on Dec. 10, the export revenue of ramen from January to October this year reache
GM Korea has reached the milestone of 10 million cars in exports in its 21st year in Korea with vehicles ranging from the Chevrolet Aveo and the Spark to recent models such as the Trailblazer and the Trax Crossover.GM Korea announced on Dec. 7 that it has crossed the 10 million unit mark in cumulati
The Export-Import Bank of Korea (Eximbank) announced on Dec. 7 that it will provide a total of US$170 million in project financing (PF) for the Manah1 solar power project in Oman, which was secured by Korea Western Power (KOWEPO).The Manah1 solar power project, led by Oman’s state-owned Electricity
A Chinese state-run think tank expressed the view that South Korea’s concerns sparked by China’s recent withholding of customs clearance for urea exports from China to South Korea can be resolved through friendly negotiations.“Two years ago, during a urea shortage situation in South Korea, China urg
LOTTE Fine Chemical recently contracted for 5,000 tons of Vietnamese urea, signaling a shift towards alternatives to Chinese imports amid growing concerns over shortages in supply of diesel exhaust fluid (DEF), essential for diesel vehicles, due to disruptions in Chinese urea imports.On Dec. 6, the
SK Group Chairman Chey Tae-won, who visited Washington, D.C., on Dec. 4 (local time) reiterated his proposal for the formation of a trilateral economic union, saying, “If South Korea and Japan develop into a single market-type economic partnership like the European Union, it will not only create tre
"NPCore," a specialized artificial intelligence-based cybersecurity solutions company led by CEO Han Seung Chul, has been awarded the "Top Exporter of One Million Dollars" by the Korea International Trade Association. The company has continuously challenged itself to expand into overseas markets, wi