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
On Aug. 30, CKD (Chong Kun Dang) Healthcare announced that its PKG Identity Design project won a silver award in the packaging category at International Design Excellence Award (IDEA) 2023. IDEA is a prestigious design competition in North America initiated in 1980 and organized by the Industrial De
Global leading tire company Hankook Tire & Technology (Hankook Tire) introduced its exclusive technology system for ‘iON,’ a tire brand designed for electric vehicles (EVs), to accelerate the efficiency in Research & Development (R&D) process and to enhance customer communication.Hankook Tire establ
The author is an analyst for NH Investment & Securities. She can be reached at jiyoony@nhqv.com -- Ed.We hosted a non-deal roadshow (NDR) for The Nature Holdings following its 2Q23 earnings announcement. The attending institutional investors expressed interest in its timeline for overseas expansion
Lee Chan-hee, chairman of Samsung Group’s independent corporate compliance oversight committee, has raised the need for a group control tower. Given the immense scale of Samsung’s organization, he argues that having a control tower is essential to ensure efficiency and unity.According to industry so
As AIA Life Insurance prepares for the launch of its sales company in September, the company has started offering a remarkable incentive to competitors’ agents: up to 200 percent of their previous year’s salary. This represents a substantial increase of 18 to 190 percentage points above the industry
Koo Kwang-mo, the CEO of LG Group, has embarked on reviewing the progresses and strategies for cultivating future growth areas like biotechnology and artificial intelligence (AI).From Aug. 21 (local time) and over the course of four days, Koo visited Boston, the U.S., and Toronto, Canada, to assess
LG Display, the world’s leading innovator of display technologies, announced today that it is to solidify its partnership with Mercedes-Benz and enhance the two companies’ cooperation on premium automotive displays.Brian Bong-seok Kwon, COO and Vice Chairman of LG Corp., James Ho-young Jeong, CEO an
SK bioscience, an innovative vaccine and biotech company committed to promoting human health from prevention to cure, announced today that the company has entered into a collaboration agreement with Vaxxas, an Australian biotechnology company developing a unique vaccine patch platform technology, to
Kim Byung-gu, the head of LG Display’s automotive business group and executive vice president, unveiled LG Display’s OLED displays designed for automotive use and introduced the entire portfolio of premium brands involved in automotive production and development for the first time at IMID 2023, whic
ABSOLUT premium vodka, Pernod Ricard Korea’s flagship brand, is collaborating with Sticky Monster Lab to open a pop-up space called ‘ABSOLUT Ground’ mix with Sticky Monster Lab at Common Ground near Konkuk University in Gwangjin-gu, Seoul.Our second pop-up space following last year’s ‘ABSOLUT Home’
Boryung (formerly Boryung Pharmaceutical) announced it will host the “Humans in Space” (HIS) Symposium at the Space Industry Conference in Las Vegas, Nevada from Oct. 23-25.The symposium will be held during the ASCEND conference organized annually by the American Institute of Aeronautics and Astrona
In the ranking of the “Global 1000 Banks” published by the U.K. financial journal “The Banker,” which aggregates the performance of the previous year, six domestic banks, or financial groups, including KB Financial, Shinhan Financial, Korea Development Bank (KDB), Hana Financial, Woori Financial, an
On Aug. 21, Hanwha Life’s Vietnam subsidiary announced that it had achieved cumulative profitability for the first time since its establishment in 2008. It is the first time for a domestic insurance company, fully funded and set up as a sole proprietor, to achieve this overseas.Eight years after its
Samsung, along with SK, Hyundai, and LG, the four major conglomerates, are set to rejoin The Federation of Korean Industries after a hiatus of 6 years and 8 months.According to industry sources on Aug. 20, Samsung, after taking into consideration the recommendation for a “conditional rejoining” from
Global leading tire company Hankook Tire & Technology (Hankook Tire) has published its 2022/23 ESG Report, highlighting its sustainability activities, performance, and mid- and long-term strategies for the year.Based on Hankook Tire’s environmental, social, and governance (ESG) vision system – “Inno
China-based CATL, the world’s leading electric vehicle battery company, has unveiled a lithium iron phosphate (LFP) battery that can cover up to 400 km on a 10-minute charge. With the increasing adoption of LFP batteries in the global electric vehicle market, the news has caught the attention of Sou
Amid the controversy surrounding economic slowdown and the newly implemented IFRS 17 accounting standards starting this year, insurance companies have managed to achieve first-half profits comparable to the “top 5 banks” in the financial sector.According to the insurance industry on Aug. 16, the con
CHIVAS, a representative global blended whisky of Global wine and Spirit company Pernod Ricard Korea, introduced limited-edition sets in a special collaboration with Musician Simon Dominic, who represents the domestic hip-hop scene.Simon Dominic is a rapper belonging to the hip-hop and R&B label AOM
Hyundai Motor Group has initiated the development of electric vehicle motors that do not utilize “rare earth elements,” which are heavily dependent on China.According to industry sources on Aug. 13, Hyundai Motor Group is currently developing a propulsion motor at its Namyang Research Center in Hwas