Amid the global restructuring of the semiconductor supply chain, Samsung Electronics and SK hynix are likely to be the most affected by decisions related to U.S. licenses.On Sept. 11, the Korea Institute for International Economic Policy (KIEP) reported in its Global Semiconductor Supply Chain Restr
Kolmar Korea has won a technology theft lawsuit against global cosmetics company Intercos. Intercos Korea, an Italian cosmetics company with operations around the world, was accused of stealing the company’s sunscreen formula.The Seoul Central District Court’s 62nd Civil Division recently ruled in f
The author is an analyst for NH Investment & Securities. He can be reached at kyuha.lee@nhqv.com -- Ed.Huawei's new smartphone is receiving strong market attention as the firm has succeeded in developing an advanced in-house chip despite US sanctions. Also, there is a possibility of a slowdown in iP
It has been revealed that domestic construction companies are displaying strong performances in overseas construction orders this year.According to the International Contractors Association of Korea on Sept. 10, the amount of overseas construction orders for the past January to August reached US$21.
It has been revealed that the import value of luxury handbags priced at over 2 million won (US$1,496) has increased by nearly fourfold in just four years. During the same period, the import value of luxury watches has also seen an increase of nearly double.According to data obtained by Representativ
Hyundai Motor’s labor union announced a four-hour partial strike for two days starting Sept. 13 after hitting a snag in their wage and collective bargaining negotiations with the management. If the labor union goes on strike, it will mark the first strike in five years since 2018.According to source
When estimating quarterly earnings, it is difficult to predict one-off reversals, but provisions for losses related to the winning of development projects are predictable. LIG Nex1 has secured no notable system development projects in 3Q23, while it won the Lightweight Torpedo-II development project
In response to the United States’ semiconductor sanctions, China’s “Semiconductor Self-Reliance” strategy is gradually coming to the surface. Given the immediate challenge of countering U.S. sanctions, China is discreetly pouring substantial funds into attracting overseas semiconductor talent. Furth
As South Korean President Yoon Suk-yeol embarks on a tour of Indonesia and India Sept. 5-10, much attention is being paid to the South Korean defense industry’s issues with Indonesia and India. Indonesia is a major defense export destination with which South Korea has close military ties, although t
South Korean cosmetics have gained popularity not only in neighboring Japan and China but also in North America and Europe, soaring in global demand. Factors contributing to this surge include the relative affordability of these products, outstanding quality, the global popularity of K-pop, and enha
On March 10, 2013, KT entered into a Memorandum of Understanding (MOU) with the Rwandan government to establish a joint venture aimed at constructing an ultra-high-speed wireless network based on 4G LTE technology.According to industry sources on Sept. 4, KT recently filed a lawsuit against the Rwan
On Sept. 4, Medytox announced that it would begin exports in earnest after receiving sales approval from the Thailand Food and Drug Administration (TFDA) for its botulinum toxin formulation 'Meditoxin' (export name: Neuronox). Once achieving annual sales surpassing 10 billion won, Meditoxin, which h
SK ecoplant, an environment and energy firm, has secured a contract to provide solid oxide fuel cells (SOEC) to a data center power supply system under construction in Singapore by GDS, China’s largest data center development and operation company.On September 4, SK ecoplant announced its contract w
The Biden administration, which is weaponizing semiconductor exports as a diplomatic tool, has set its sights on a new location other than China: the Middle East, a region known for its close ties with China. They’ve abruptly imposed controls on the export of AI-specific semiconductors to the Middle
Hyundai Motor Group will transfer all of its hydrogen business capabilities to one subsidiary. Hyundai Mobis’ hydrogen fuel cell production management division will be transferred to Hyundai Motor to complete the Korean automotive group’s value chain of hydrogen mobility production and boost its eff
It has been disclosed that among the stock assets held by conglomerate leaders and their families, there are 22 instances where the stock assets of the next generation surpass 50 percent. This increase in the inheritance and gifting of stocks as part of the generational transition within these congl
Last year, South Korea reported its lowest birthrate since the initiation of birth statistics in 1970. The average number of births expected in a woman’s lifetime has dropped to 0.7. Annual births have also fallen below 250,000, intensifying concerns about a “population cliff.”According to the birth
The Korean government is approving the sale of national core technologies to foreign companies, national core technology transfers, or foreign investment in national core technology holding organizations after receiving reports on them. The number of such cases has more than tripled over the last fi
The number of infants aged to 4 in South Korea is unusually small compared to those of other East Asian countries, according to an analysis.Lee Tae-yeol, a senior research fellow at the Korea Insurance Research Institute, said in a report on the severity of South Korea’s declining birthrate through
On Aug. 27, Hyundai Mobis announced its collaboration with Israel’s communication semiconductor design specialist, Autotalks, to develop a 5G-based Vehicle-to-Everything (V2X) integrated controller.Autotalks, recently acquired by Qualcomm, is recognized as a leader in V2X semiconductor design as des