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
Growing public anxiety over the recent release of contaminated water from Fukushima Nuclear Power Plant in Japan has prompted the Korean government to hold daily briefings on the issue to actively deal with fake news and fear mongering.The Korean government will crack down on those who make and dist
The Korean Ministry of Employment and Labor has decided to increase the number of foreign workers in Korea to 110,000 in 2023, up from 50,000 to 60,000 a year for the past five years. This is the largest number since the introduction of the Employment Permit System for foreign workers in Korea.The E
On the 50th anniversary of World Environment Day, Huawei and IUCN highlighted smart solutions for supporting effective and fair management and governance of protected and conserved areas, and the growing importance of technology in tracking threatened species and protecting their natural habitats.Hu
SKC announced on June 12 that it has signed a comprehensive business agreement on “eco-friendly, high-tech materials” with Hai Phong City at its headquarters in the Jongno district of Seoul.Based on this agreement, SKC plans to incrementally review investments in eco-friendly materials and future ad
LG is set to establish a new department to address global supply chain issues and other global policies.According to industry sources on June 12, LG is planning to establish a “Global Strategy Center” under the LG Business Development Institute as part of organizational restructuring next month.This
The South Korean government has jumped into the semiconductor power struggle between the United States and China. President Yoon Suk-yeol presided over a National Semiconductor Strategy Meeting held on the morning of June 8. During the meeting, President Yoon said, “The competition in semiconductors
SKC and POSCO Holdings announced on May 30 that they have signed a business agreement for comprehensive cooperation in the next-generation secondary battery materials business at SKC’s headquarters in the Jongno district of Seoul.Based on this agreement, the two companies will collaborate on the dev
The Korea Institute of Machinery and Materials (President Sang-jin Park, hereinafter referred to as KIMM), an institute under the jurisdiction of the Ministry of Science and ICT, signed an MOU in the fields of advanced manufacturing and robotics with research institutes in Spain and Greece, two of E
The Incheon International Airport Corporation (IIAC) announces that the Incheon Airport Community has achieved a significant milestone by becoming the world's first airport community to receive Center of Excellence for Independent Validators (CEIV) Lithium Batteries Certification from the Intern
The Indo-Psacific Economic Framework (IPEF), a U.S.-led economic cooperative formed to counter China, has released its first significant result: a supply chain agreement involving 14 participating countries. The main aspect of this agreement is a joint response by the participating nations to supply
Coway Co., Ltd., the “Best Life Solution Company,” announced today that Coway’s Seoul-based R&D Center, the Environmental Technology Research Institute, has received Witnessed Manufacturer’s Testing for Certification (WMTC) certificate from CSA. Coway has officially become a CSA-qualified witness la