As the trend of de-sinicization rises across industries in Korea, Altasia is emerging as an alternative to China.The Korea Chamber of Commerce and Industry (KCCI) released the results of its study on changes in the global trade structure and countermeasures on July 5, revealing that 14 Asian countri
The number of luxury cars costing more than 300 million won registered in Korea has crossed the 6,000 mark. Foreign luxury car brands such as Rolls-Royce, Ferrari and Bentley are eyeing the growing Korean luxury car market.Korea had a total of 6,299 luxury vehicles that cost more than 300 million wo
The author is an analyst for Shinhan Securities. She can be reached at kimaram@shinhan.com -- Ed.YLAB is a webtoon studio that has published popular titles like Island, Reawakened Man, Terror Man, Get Schooled, Reality Quest, and Study Group on NAVER Webtoon. Some of these stories are set in a share
Hyosung TNC announced on July 3 that it will present a range of environmentally friendly textiles and fabrics at “Interfilière Paris 2023,” the world's largest swimwear, lingerie, and textile material exhibition, held in Paris, France from July 2 to 4.At the exhibition, Hyosung TNC collaborated
On July 1 (local time), the U.S. Humira biosimilar market, worth 24 trillion won a year, opened. In the first week alone, six Korean and foreign companies plan to launch their products.According to sources in the biotech industry on July 2, Samsung Bioepis launched Hadlima, a Humira biosimilar, in t
SK bioscience, an innovative vaccine and biotech company committed to promoting human health from prevention to cure, today announced positive results from its Phase II clinical trials in infants of its 21-valent pneumococcal conjugate vaccine candidate, ‘GBP410’ (also known as SP0202), evaluating i
At MWC Shanghai 2023, Huawei launched 5GigaGreen innovations for wireless communications to promote ultimate network performance and energy saving with global operators.Gan Bin, Vice President and Chief Marketing Officer of Huawei Wireless Network Product Line, stated that ultimate performance and e
The European Union (EU) has decided to postpone the decision on the corporate merger review between Korean Air and Asiana Airlines.According to the aviation industry on June 29, the European Commission (EC) temporarily halted measures related to the merger of the two airlines on June 23 (local time)
Samsung Electronics has announced it will surpass TSMC, the world's leading semiconductor foundry company, through the mass production of cutting-edge 2-nm processes. Samsung Electronics revealed its confidence in leading the paradigm shift in artificial intelligence (AI) technology through its
FILA Holdings has highlighted its sustainable footwear using discarded materials while stressing the importance of product circularity in its latest sustainability report, “YOUR FILA IMPACT - FILA Integrated Report 2022.” These efforts are in line with FILA’s steadfast commitment to achieving its 20
Genesis’ Electrified GV70 sport utility vehicle (SUV) took the top spot in Germany, beating out even German-made electric vehicles (EVs).German automotive magazine Autobild recently conducted a comparative evaluation of three vehicles – the Electrified GV70, the Audi Q8 e-tron, and the Mercedes-Benz
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
The Chevrolet Trax Crossover saved GM Korea from its long slump.The Trax Crossover, which sold 6,500 units within two months of its launch in Korea in April, is characterized not only by sporting GM’s latest technologies and platforms, but also by including many localized options led by Korean engin
The author is an analyst for NH Investment & Securities. He can be reached at sw.kang@nhqv.com -- Ed.Following revision of the price basket housing component to a new contractual basis, core inflation has plummeted. The culprit behind core inflation rigidity has now gradually come to be seen as bein
KB Kookmin Bank announced on June 14 that it was named the Best Custodian Bank in Asia and Best Custodian Bank in Korea at The Asian Banker Financial Markets Awards 2023, hosted by The Asian Banker.The Best Custodian Bank in Asia was awarded for the first time this year and it went to a domestic ban
Recently, Chinese semiconductor companies frequently post job openings on Korean job boards. “It is not uncommon for many Chinese companies that have entered semiconductor zones in Korea such as Pangyo to offer high salaries and perks to Korean semiconductor engineers,” said Kim Hyung-jun, head of t
On the 50th anniversary of World Environment Day, Huawei and IUCN highlighted smart solutions for supporting effective and fair management and governance of protected and conserved areas, and the growing importance of technology in tracking threatened species and protecting their natural habitats.Hu
This year’s first quarter global smartphone production recorded a 9-year low; Samsung Electronics was the only major global smartphone manufacturer that showed growth from the previous quarter.According to global market research firm TrendForce on June 14, global smartphone production volume for the
Mr. A, a former Samsung employee who worked at Samsung Electronics’ semiconductor division for 18 years and even served as a vice president at SK hynix, stole design data on a semiconductor plant, a trade secret and Korea’s core national technology. He planned to build a replica plant 1.5 kilometers
The government announced on May 29 that it will discuss the resumption of Korea-Japan currency swaps, which were previously suspended in 2015, at the Korea-Japan Finance Ministers' Meeting to be held in Tokyo, Japan.Choo Kyung-ho, deputy prime minister and minister of economy and finance, respon