Financial authorities, including the Financial Services Commission (FSC) and the Financial Supervisory Service (FSS), have uncovered allegations of stock manipulation related to a Chinese company, hereinafter referred to as Company A, which is listed on the KOSDAQ in South Korea. These allegations s
As of the end of the first half of this year, there were approximately 86 domestic corporate venture capital firms (CVC) established and held by companies to invest in alignment with their business strategies. CVC’s share of the total venture investment amount stands at 22%, and the government has a
As Bae Jae-hyun, the head of Kakao’s investment division, who is suspected of manipulating SM Entertainment’s market price, has been arrested, the Financial Supervisory Service’s special law enforcement police plan to transfer Bae to the prosecution for further investigation.On Oct. 19, the FSS stat
Japan’s Mitsubishi Motors has decided to exit the Chinese market as local Chinese car brands dominate the scene, tarnishing the reputation of automobile powerhouses like Germany and Japan.According to a report by Japan’s NHK Broadcasting on Oct. 19, sources have indicated that Mitsubishi Motors has
Samsung Electronics, which had faced the threat of 400 billion won (US$295 million) in compensation due to a patent dispute with American semiconductor firm Netlist, can now breathe a sigh of relief.According to industry sources on Oct. 18, the U.S. Federal Ninth Circuit Court of Appeals recently re
SK hynix, which indirectly holds a stake of approximately 34% in the Japanese NAND flash manufacturer Kioxia Corporation, has reportedly opposed the management integration of Kioxia and U.S.-based Western Digital (WD).Japan’s Nikkei newspaper reported on Oct. 18 that “SK hynix of South Korea, which
The U.S. Department of Commerce has intensified the ongoing “chip war” between the United States and China by effectively blocking all semiconductor deals with China, including prohibiting exports of low-end artificial intelligence (AI) chips, on Oct. 17 (local time).The Ministry of Trade, Industry,
The Korea International Trade Association (KITA) announced on Oct. 16 that it held a Rebuild Ukraine Business Dialogue in Warsaw, Poland, in collaboration with the Ukrainian Chamber of Commerce and Industry and the Korea-Ukraine New Building Association (KUNBA).The event was held to discuss ways to
The governments of South Korea and the United Arab Emirates (UAE) are holding an aviation meeting in Seoul on Oct. 12 and 13. This marks the first aviation meeting between the two countries in over four years.The main topic of discussion at the meeting is whether to increase the current allowance of
The Carbon Free Alliance (CF Alliance), proposed by President Yoon Suk-yeol during the UN General Assembly last month, has been officially launched in South Korea on Oct. 12. Major domestic corporations, including Samsung, Hyundai, SK, LG, POSCO, and Hanwha, have joined the CF Alliance.The Ministry
The results of an analysis about third quarter 2023 market capitalization changes in the domestic stock market were released by CXO Research Institute, an organization specializing in Korean business analysis, on Oct. 11. Based on the analysis, the total market capitalization of the domestic stock m
The Fair Trade Commission (FTC) has imposed a fine of 3 billion won (US$2.23 million) and issued a payment order against China State Construction Engineering Corporation Limited (CSCECL), a Chinese state-owned construction company, for its failure to provide written subcontract agreements and withho
Lotte WellFood (formerly Lotte Confectionery) announced on Oct. 10 that its Indian subsidiary, LOTTE INDIA, will begin full-scale operations of the third production line of Lotte Choco Pie at its Chennai factory. An investment of approximately 300 billion won has been made to expand this line.Due to
The author is an analyst for NH Investment & Securities. She can be reached at yd.yoon@nhqv.com -- Ed.We draw attention to NHN KCP’s ongoing top-line growth in defiance of difficult conditions. Despite slow growth in online payment volume, the firm’s ability to secure merchants stands out. The final
The U.S. Congressional Research Service (CRS) has pointed out that the U.S. sanctions on 28-nm semiconductors have a strategic hole. There are also reports that large U.S. semiconductor manufacturers are lukewarm about cooperating with U.S. authorities, giving the United States unexpected difficulti
LOTTE Corporation’s 2021 Sustainability Report has been awarded Best of South Korea at the American 2023 Annual Report Competition (ARC) Awards.Now in its 37th year, the ARC Awards, organized by the U.S. corporate communications specialist MerComm, is the world’s largest annual report and sustainabi
The ongoing armed conflict between Israel and the armed Palestinian faction, Hamas, has sent shock waves through the Middle East. Accordingly, major South Korean companies like Samsung Electronics and Hyundai Motor, which have a significant presence in the area, are closely monitoring the situation.
Korea’s foreign exchange reserves fell for the second consecutive month in September as the U.S. dollar continued to strengthen.Korea’s foreign exchange reserves stood at US$414.1 billion at the end of September, down by US$4.18 billion from US$418.3 billion at the end of August, according to foreig
According to data obtained by Park Sang-hyuk, a lawmaker and a member of the National Assembly’s National Transportation Committee, from the Ministry of Land, Infrastructure, and Transport on Oct. 5, there were a total of 1,341 registered foreign property rental operators in South Korea as of the en
Tensions and conflicts are intensifying in the “semiconductor war” between the U.S. and China. As the first anniversary approaches of the U.S. government’s decision to restrict exports of semiconductor chips and equipment to China on Oct. 7 of last year, an update on policies regarding “Artificial I