Hite Jinro announced on Dec. 4 that it had opened a pop-up store called “Jinro Theme Store” in Hong Kong last October to celebrate the global integration of its soju brand JINRO. A video showcasing the venue was released on YouTube on Dec. 1.The pop-up store, located near the SOGO Department Store i
Alibaba Group’s 1688.com will open its platform in South Korea in February next year with a local partner in Korea. 1688.com is a business-to-business (B2B) platform with high price competitiveness and a wide range of products.KOSDAQ-listed Neorigin recently formed DC Virus, a joint venture with Chi
Kia has postponed a plan to introduce its EV9 GT line of large electric sport utility vehicles (SUVs) including Level 3 autonomous driving technology later this year, according to sources in the automotive industry. Level 3 autonomous driving means that a driver does not need to hold the steering wh
General Motors (GM) has asked LG Energy Solution to give the U.S. automaker up to 85 percent of the advanced manufacturing production credits (AMPCs) which the Korean automaker will receive through their U.S. battery joint venture, according to industry sources on Nov. 30. This is much more than GM’
Daewoo E&C announced that its chairman, Jung Won-ju, visited Singapore on Nov. 27 and 28 to meet with the CEOs of Keppel Land and Capitaland Investment, subsidiaries of Temasek Holdings, one of the world’s largest sovereign wealth funds, to discuss collaborative opportunities in global real estate d
Hyundai Mobis (KRX 012330) is poised to secure new orders for premium vehicle displays, characterized by large screens, high definition, and slim design, using a fusion of innovative technologies targeting global automakers. The company plans to capture the next-generation vehicle display market wit
Volunteer employees from CBRE Korea, a global commercial real estate services company, provided meals on November 27 and 28 at the Seoul Senior Welfare Center in Jongno-gu as part of its CBRE Cares social contribution campaign. The initiative, undertaken by CBRE offices worldwide, aims to support lo
The proportion of local land and homes owned by foreigners showed an increase in the first half of this year. Chinese nationals had the highest ownership percentage of homes, while land ownership was predominantly American.According to statistics released by the Ministry of Land, Infrastructure and
Korea Investment Corporation (KIC), the sovereign wealth fund, has exhibited a return rate in the 7% range from January to the end of August this year. It has successfully recovered approximately 40% of losses incurred in the previous year.KIC announced on Nov. 29 that the total asset return rate fo
NPCore, an AI-based cybersecurity solution specialist (hereafter referred to as NPCore), with CEO Han Seung Chul, announced today that it has successfully completed raising 8 billion won in investment through a Pre-IPO. Last month, NPCore received a TI-1 grade from NICE evaluation information's inve
Hyundai Motor Company and Kia Corp. have developed the world’s first next-generation drive system that dramatically boosts vehicle design flexibility by placing electric vehicle drive components inside wheels. This new system can realize the utilization of the space between wheels, which was previou
L&F has decided to make a significant new investment of 2.55 trillion won (US$1.96 billion) in Daegu in response to surging global demand. This move comes as Chinese battery materials face constraints in the global market following the implementation of the Inflation Reduction Act (IRA) in the Unite
Jusung Engineering, a semiconductor, display, and solar equipment company, has carved a mythical path in the barren land of domestic ventures. This year marks its 30th anniversary. Established in 1993, the company has experienced various challenges but has achieved remarkable growth through continuo
As the Hong Kong Hang Seng China Index (HSCEI) has experienced a sharp decline, it has led to substantial capital losses of over 40 percent in Equity Linked Securities (ELS) products based on this index. In response to the significant risks in the trillions of won facing HSCEI-linked ELS, the Financ
A race to host the 2030 World Expo is coming down to the wire. The Bureau International des Expositions (BIE) will hold a general assembly in Paris, France, on Nov. 28 (local time) to select the host country for the 2030 World Expo.Korea started its bid about one year later than its rivals such as S
The financial regulatory authorities have officially commenced discussions on the introduction of a computerized system to address short selling concerns. All eyes are on whether the initiative will lead to the establishment of a system capable of detecting and preventing illegal short selling in re
Kumho Tire, a leading South Korean tire manufacturer, has entered into a collaborative agreement with Denmark-based global shipping company Maersk. The agreement, which focuses on logistics supply chain solutions, was officially signed at the Kumho Tire headquarters in the Jongno district of Seoul o
Mirae Asset Global Investments has appointed Vice Chairmen Choi Chang-hoon and Rhie Chun-yong as CEOs.The company is embarking on a plan to strengthen responsible management and establish a solid foundation for ongoing growth, utilizing a structure that includes four executive representatives, featu
Moody’s, the international credit rating agency, issued a forecast today stating that the exposure and risk levels of domestic banks to real estate are significant. The agency warned that the materialization of “tail risk” depends on the conditions of the real estate market. Tail risk refers to a ty
There has never been a more popular time for foreigners to live in or invest in Korea. While the number of foreigners declined during the pandemic due to global travel restrictions, immigration has been soaring in the last year. The number of foreign nationals residing in Korea for more than three m