Park Jung-won, chairman of Doosan Group, will attend the world’s largest consumer electronics and IT trade show, CES 2024, to be held in Las Vegas, Nevada, in the U.S., from Jan. 9 to 12.According to Doosan Group on Dec. 17, Chairman Park, along with Vice Chairman Park Ji-won and other executives, w
The government has set a goal to expand the K-Robot market to a scale of 20 trillion won by 2030 as the future growth engine. A combined investment of over 3 trillion won from both public and private sectors is planned with the objective of deploying one million robots across various industries, inc
A luncheon meeting of labor, management and government representatives was held at a Korean restaurant in Gwanghwamun, Seoul, on Dec. 14, according to the Ministry of Labor and Employment and Economic, Social and Labor Affairs Committee, a presidential social dialogue body. This marked the first tim
Information and communication technology (ICT) and automobiles are leading Korean exports. ICT exports emerged from a 17-month recessionary tunnel on the coattail of memory semiconductors. Automobiles are close to surpassing US$70 billion in annual exports for the first time ever.According to the Mi
Arum Dentistry won the $20 million Export Tower at the 60th Trade Day Awards held at the Daejeon Trade Center on the 13th.Arum Dentistry was established in 2000 and started as a dental CAD/CAM milling machine based on its unique technology, and has since manufactured and sold 3D printers and materia
The government will scale up the global share of Korean electric vehicle (EV) chargers to 10 percent from the current one percent by 2030. It will also provide support to foster competitive charger manufacturers.The Ministry of Trade, Industry and Energy (MOTIE) of Korea announced its policy directi
The Korean government has decided to lower Korea’s import dependence on 185 key items for semiconductors, secondary batteries, automobiles and shipbuilding to 50% by 2030. As of last year, Korea’s import dependence averaged 70%, with some items exceeding 90%.The Ministry of Trade, Industry and Energ
Woongjin Food announced that it won the ‘the ‘$20 Million Export Tower’ award at the 60th Trade Day commemorative event.The award ceremony for the Top Exporter is scheduled to take place under the auspices of the Korea Trade Association on Trade Day every December 5. The association honors companies
As the shareholder meeting season approaches in March next year, activist funds are gearing up for more assertive actions. Some stocks targeted by activist funds are experiencing price fluctuations in anticipation of the resolution of undervaluation. The securities industry is anticipating that shar
Samsung C&T is joining hands with multinational corporations to participate in Oman’s large-scale green ammonia project.On Dec. 13, the construction division of Samsung C&T announced that it has formed a consortium with Japan’s Marubeni, Oman’s state-owned energy company OQ, and UAE’s Dutco, among o
Art & Design International(hereinafter: Art & Design), running the Global skincare brand # OOTD Beauty, was awarded the 1 Million Dollar Export Tower award on the 60th national trade ceremony day. OOTD Beauty made its debut in the United States through offline retailers such as Macy’s, TJ Maxx and M
Offshore plants, the main cause of the shipbuilding industry’s prolonged recession, are making a comeback. Demand for offshore plants is changing from oil to eco-friendly energy such as offshore wind power and liquefied natural gas (LNG). It is expected to become a new growth driver for Korean shipb
Samsung Electronics is rapidly advancing the development and mass production of its next-generation memory technology, Compute Express Link (CXL), to establish market dominance following its High Bandwidth Memory (HBM). According to the patent search system KIPRIS on Dec. 12, Samsung filed four trad
Following Netmarble’s block deal in which there was after-hours bulk trade, HYBE has seen a diversification in its ownership structure due to an influx of foreign investment. This has resulted in a more stabilized corporate framework for the company.According to recent data from the Korea Exchange (
Mirae Asset Securities announced on Dec. 12 that it is acquiring Sharekhan Limited, an Indian brokerage firm. This marks a significant milestone as it comes five years after the company first entered the Indian capital market in 2018, a pioneering move by a South Korean securities firm.On the same d
The South Korean massage chair brand Bodyfriend is set to undergo an inspection by the Ministry of Employment and Labor for potential violations of labor laws.According to industry sources, the Ministry has decided to investigate Bodyfriend for possible violations of labor laws through labor inspect
STRADVISION, an automotive industry pioneer in deep learning-based vision perception technology, announced today that its CTO, Jack Sim, presented a groundbreaking study, "Efficient Deep Learning Development through Teacher-Student Learning and Sprints and Its Application to 3D Perception Systems,"
Among the currencies used in global trade this year, the Chinese yuan has emerged as the second most widely used currency after the U.S. dollar, reflecting its substantial presence. The assessment suggests that the yuan is rapidly gaining momentum as a potential key currency in the future.During the
Among the business groups subject to disclosure with assets exceeding 5 trillion won (US$3.79 billion), or large corporate groups, last year, Celltrion secured the top spot for the sixth consecutive year with the highest proportion of internal transactions. The overall internal transaction ratio of
Activist funds pushing for better corporate governance and increased shareholder returns are expected to make many moves ahead of the annual shareholder meeting season for listed companies early next year.Major activist funds Truston Asset Management (Taekwang Industries-BYC), Align Partners Asset M