It can be confirmed that the Galaxy Fold 2 leaked not long ago will use an ultra-thin glass cover for the first time in the world, replacing plastic materials. The screen looks flatter and has fewer wrinkles. In fact, this is the correct cover material for foldable phones.It is predicted that Samsun

The Ministry of Economy and Finance announced on Dec. 26 that South Korea’s public debts increased from 1,044.6 trillion won to 1,078 trillion won in 2018. The amount of increase, which had been eight trillion won in 2017, jumped to 33.4 trillion won in 2018.This has to do with the South Korean gove

Sony, the largest image sensor supplier in the world, is failing to meet client demands even at full capacity. Bloomberg reported that the undersupply would continue for a while with Sony’s new image sensor manufacturing facilities scheduled to be put into operation in April 2021.With artificial int

Hyundai Engineering & Construction is in dispute with the Chilean government over construction of the Chacao Bridge, a US$740 million bridge that the Korean builder has been awarded in 2014.In a press release issued on Dec. 23, Hyundai E&C criticized the Chilean Ministry of Public Works (MOP) for se

The margins of petrochemical products such as ethylene have reached record lows and the industry is likely to have a hard time next year.The ethylene margin recently became negative with the prices of downstream products such as polyethylene remaining stagnant. Besides, the paraxylene margin has rem

The size of China-related asset-backed securities (ABS) in the South Korean financial investment sector is dropping at a rapid pace as South Korean investors are not reinvesting due to mounting concerns over Chinese bond defaults.The outstanding asset-backed commercial paper (ABCP) and asset-backed

South Korean investors’ U.S. shareholding soared by close to 80 percent this year as they bought a lot of U.S. stocks with the U.S. stock market rallying unlike the South Korean stock market.The Korea Securities Depository announced on Dec. 25 that South Korean investors owned U.S. stocks worth a to

The gap in market capitalization between the four largest business groups -- Samsung, SK, Hyundai Motor, and LG -- and the rest of the top 10 Korean business groups has expanded.High-flying Samsung Electronics and SK Hynix stocks drove up the proportion of Samsung Group and SK Group to 70 percent of

The LG Gram Laptop has been selected as one of the Best Laptops of 2019 by U.S. magazine Consumer Reports.Consumer Reports recently selected the best laptops by classifying notebook PCs into five size groups –- 10- to 11-inch, 12- to 13-inch, 14-inch, 15- to 16-inch, and 17- to 18-inch. The evaluati

Korea Development Bank (KDB) is reportedly considering extending the maturity of its 90 billion won loan to SsangYong Motor, which is suffering from severe financial trouble due to sluggish sales.If KDB agrees to extend the maturity of the loan, which matures next year, SsangYong Motor will be able

Samsung Electronics and LG Electronics are having a nerve war over premium 8K TVs ahead of CES, the world's largest trade show that kicks off in Las Vegas of the United States next month. The two companies argued over TV picture quality, but this time they are fighting each other over a certific

Large Korean companies increased investment in research and development (R&D) by close to 4 trillion won this year compared to a year ago despite declines in sales. The share of R&D spending in sales rose 0.34 percentage point to exceed 3 percent.Industry tracker CEO Score released a report on Dec.

More and more talented foreign startup entrepreneurs want to launch a business in Korea. Every year, more than 1,500 foreign startups apply for the K-Startup Grand Challenge, which supports promising foreign startups to establish a business in Korea.This year, 1,677 startups from 95 nations applied

The Financial Supervisory Service announced on Dec. 25 that the derivative-linked securities (DLS) balance totaled 111.2 trillion won at the end of September this year, down 4.3 percent in three months, and the balance decreased for the first time since the fourth quarter of 2017 due to factors such

KB Financial Group is planning to establish additional headquarters in Indonesia, Vietnam and Myanmar in order to expand its business in Southeast Asia.The group has concentrated on Southeast Asian markets for two years. For example, KB Kookmin Bank acquired 22 percent of Bank Bukopin in July last y

South Korean President Moon Jae-in and Chinese Prime Minister Li Keqiang had a meeting on Dec. 23. There, the former said that inter-Korean railway and road connection for logistics networks to cover China, Europe and Eurasia will form the foundation of a new multilateral peace and security regime.A

The South Korean government allocated 71.4 percent of its 2020 budget for the first half of next year. The ratio is a seven-year high and is equivalent to more than 300 trillion won.Specifically, the total expenditures for next year will be 427.1 trillion won and those for the first half will be 305

Renault Samsung Motors said on Dec. 24 that its output had plunged by about 70 percent from the normal level since the labor union went on partial strike on Dec. 20. The carmaker’s Busan plant produced 210 units on Dec. 23, a 65 percent drop from 600 units before.On Dec. 24, 646 of the union’s 1,727

Samsung C&T has passed a preliminary assessment to participate in a tender for a general hospital construction project in Aceh Special Autonomous Province of Indonesia.The provincial government announced the results of a pre-qualification (PQ) for the construction of the general hospital on Dec. 19,

The permanent shutdown of Wolseong Nuclear Reactor Unit 1 in Gyeongju, North Gyeongsang Province has been confirmed. Nuclear power experts criticized that the Nuclear Safety and Security Commission made a hasty conclusion to close down the reactor in compliance of the government’s nuclear phase-out