Hanwha Ocean announced on July 23 that representatives have signed a memorandum of understanding (MOU) with the Vietnamese Ministry of Industry and Trade on July 22 for the comprehensive cooperation project “for the training and recruitment of Vietnamese manpower.”This MOU was signed to support the
Flitto, a leading AI language data company in South Korea, announced that Heba Farouk Mohamed Shahein, a high-ranking official from the Egyptian government, visited Flitto's headquarters on July 20th.During the visit, Flitto gave a comprehensive tour of headquarters and provided an in-depth pres
The government has designated seven specialized complexes for the nation’s advanced strategic industries such as semiconductors, secondary batteries, and displays. In addition to this, five specialized complexes for materials, parts and equipment have also been newly designated to focus on five othe
South Korea’s nominal gross domestic product (GDP) is provisionally ranked 13th in the world. It has dropped out of the global top 10.According to statistics released by the Bank of Korea (BOK) on July 12, South Korea’s nominal GDP at market exchange rates was US$1.6732 trillion in 2022. It ranked 1
Aiitone, a KOSDAQ-listed company, participated in the first global STO (Security Token Offerings) forum held in Korea and presented a blueprint for the era of STOs.Aiitone (230980, CEO Jin Yeop Lee), a fintech company based on block chain technology, participated in the Tokenomy Korea 2023 Internati
KT, the South Korean telecommunications giant, announced that it has hosted a joint digital health seminar with Hanoi Medical University in Vietnam.The seminar, which was conducted on July 11 under the theme of “Main Applications of Digital Health,” was attended by approximately 150 individuals from
President Yoon Suk-yeol attended a series of bilateral meetings with 13 national leaders during the NATO summit held in Vilnius, Lithuania on July 11 and 12 (local time). The discussions aimed to strengthen the supply chains of advanced industries such as semiconductors, electric vehicles, batteries
The government has decided to accelerate the exports of small and medium-sized enterprises (SMEs), create an ecosystem for startups and ventures aimed at the global market, and roll out policies for SMEs to make a global leap.The Ministry of SMEs and Startups announced the “SME Promotion Comprehensi
Samsung Electronics and Apple are set to compete in a new arena this time – the smart ring market.According to sources in the information and communication technology (ICT) industry on July 10, Samsung Electronics filed a trademark application for the Galaxy Circle with the Korean Intellectual Prope
Korea Western Power is set to jointly develop a green hydrogen and ammonia project with a local energy company in the United States.On July 5 (local time), Korea Western Power signed a memorandum of understanding (MOU) for the development of a U.S. green hydrogen and ammonia production project with
The author is an analyst for NH Investment & Securities. He can be reached at jooyh@nhqv.com -- Ed.Major offline retailers' 2Q23 earnings are likely to arrive short of consensus due to sluggish consumer sentiment and increased costs. But, a meaningful rebound is expected from September amid reop
Huawei announced they will launch a complete set of commercial 5.5G network equipment in 2024 at the 5G Advanced Forum during MWC Shanghai 2023. Huawei's Director and President of ICT Products & Solutions Yang Chaobin who made the announcement said the company intends for this launch to mark the
KG Mobility (formerly SsangYong Motor) has been selected as the final prospective buyer of Edison Motors by the Changwon District bankruptcy court.On July 3, Edison Motors announced that since a decision to commence corporate rehabilitation proceedings was made by the bankruptcy court in January, it
The author is an analyst for NH Investment & Securities. He can be reached at kyuha.lee@nhqv.com -- Ed.Boosting our earnings estimates for 2024 and beyond to reflect improved earnings visibility amid a gradual sector recovery, we raise our TP for PI AMC. We also note attractive strategic synergies w
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
At the opening day of MWC Shanghai 2023 today, Sabrina Meng, Huawei's Rotating Chairwoman and CFO, gave a keynote outlining the value that 5G has generated throughout its first four years of commercial use.“5G is already well on its way to driving business success,” said Meng. “It's transfor
Daewoo Engineering, as part of a Korea-Vietnam economic delegation, signed a comprehensive cooperation MOU on renewable energy with Vietnamese construction development investment company Truong Thanh Development and Construction Investment Joint Stock Company (TTA), in Hanoi, Vietnam on June 23.The
LG Energy Solution announced on June 20 that it will select and support 10 global startups with innovative technologies and business ideas in battery materials, cells, packs, battery management systems (BMS), and smart factories through the “LGES Battery Challenge.”This event, marking its third occu
The author is an analyst for Shinhan Securities. She can be reached at heeyeon.lim@shinhan.com -- Ed.KRW652.8bn buyback, KRW400bn cash dividend expected in 2023Meritz Financial Group’s cumulative shareholder return for 2023 is expected to reach around KRW1.05tr when applying its mid-term shareholder
Tesla has announced it had received a corrective order from the Korea Fair Trade Commission (KFTC) for false and exaggerated advertising. It has been approximately six months since the KFTC declared it would issue a corrective order to Tesla.On June 19, a notice was posted on the Tesla Korea website