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 (
McKinsey & Company released an economic diagnosis report titled “Korea’s Next S-Curve” on Dec. 11. This report comes ten years after the firm’s previous report titled “Beyond Korean style: Shaping a new growth formula,” suggesting that the South Korean economy has reached its growth limits.In its re
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
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
As expectations for a stock market rebound rise due to the complete ban on short selling, there is an increase in related funds in the market. With investor deposits recovering to 50 trillion won in just two months, there also seems a surge in the balance of margin loans.According to the Korea Finan
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
As the Foreign Entity of Concern (FEOC) regulation under the U.S. Inflation Reduction Act (IRA) is set to be implemented from Jan. 1 next year, the potential benefits for domestic battery material companies are drawing attention.On Dec. 11, the battery material industry is closely monitoring the pos
HD Hyundai Heavy Industries (HHI) is considering importing blocks for merchant ships from China for the first time since its establishment. Until now, all of the blocks for merchant ships have been manufactured by HD HHI’s Korean partners and delivered to HD HHI.According to industry sources on Dec.
This year marks the 60th anniversary since the release of ramen in Korea, and its export revenue has exceeded 1 trillion won for the first time in history.According to the trade statistics from the Korea Customs Service on Dec. 10, the export revenue of ramen from January to October this year reache
GM Korea has reached the milestone of 10 million cars in exports in its 21st year in Korea with vehicles ranging from the Chevrolet Aveo and the Spark to recent models such as the Trailblazer and the Trax Crossover.GM Korea announced on Dec. 7 that it has crossed the 10 million unit mark in cumulati
After the implementation of the short selling ban last month, it has been revealed that foreign investors have acquired over 3 trillion won worth of domestically listed stocks in the past month. This marks a turnaround for foreign investors, shifting from net selling to net buying of domestic stocks
A Chinese state-run think tank expressed the view that South Korea’s concerns sparked by China’s recent withholding of customs clearance for urea exports from China to South Korea can be resolved through friendly negotiations.“Two years ago, during a urea shortage situation in South Korea, China urg
Automakers are making changes in their strategies as they grapple with the increasingly complex rules of the Inflation Reduction Act (IRA), which subsidizes electric vehicles built in North America while excluding Chinese supply chains. Some automakers are looking to keep Chinese companies as partne
Hyundai Motor will shut down its local plant, which once drove the automaker’s strong sales in Russia, by the end of this year. Some local reports say that the Korean carmaker will sell the plant to a local company in Russia in the aftermath of the Russian-Ukrainian war.Hyundai Motor plans to close
The government is opening up industrial research and development (R&D) to foreign institutions to discover and develop key technologies in areas vulnerable to becoming weak links in South Korea’s flagship industry value chains, such as “technology critical for leapfrogging,” “next-generation growth-
With assets totaling 10.4 trillion won (US$7.91 billion), Hankook & Company, formerly known as the Hankook Tire Group, currently ranking 40th in the business sector, has reignited a power struggle among siblings. After a slump in 2021, the management dispute between the brothers is resurfacing, mark
"NPCore," a specialized artificial intelligence-based cybersecurity solutions company led by CEO Han Seung Chul, has been awarded the "Top Exporter of One Million Dollars" by the Korea International Trade Association. The company has continuously challenged itself to expand into overseas markets, wi
Due to a slump in the global economy, auto demand is expected to decline in Korea and Korea’s car exports are expected to increase slightly as Korean car makers still have waiting orders. Therefore, Korea’s car production is expected to remain flat next year.The Korea Automobile and Mobility Associa
The U.S. government has clarified a regulation denying subsidies for electric vehicles with parts made by Chinese state-affiliated companies by stating that it includes joint ventures with foreign entities outside of China if the ownership stake of the Chinese company in the venture exceeds 25%. It
According to the semiconductor industry on Dec. 2, Samsung Electronics has made significant progress with its extreme ultraviolet (EUV) lithography technology. At the recent KISM2023 academic conference in Busan, Samsung Electronics DS Division’s Fellow, Kang Young-seok, detailed the current state a