Chairman Lee Chan-hee of Samsung Group’s Compliance Committee revealed on Dec. 19 that, if necessary, the committee plans to convey opinions or recommendations in response to a foreign hedge fund’s call for reforms in Samsung’s corporate governance structure.Speaking to reporters before attending th
LG Display has accelerated its efforts to secure its global leadership in the vehicle display market, a key area of future growth, by leveraging its superior technology. According to display industry sources on Dec. 19, LG Display entered the vehicle display market in 2005 by producing Central Infor
Vietnam-based airlines are emerging as dark horses, overtaking U.S. and Chinese carriers as they increase flights between major cities in Vietnam and South Korea while launching an air ticket price war.Vietnam’s largest private carrier Vietjet Air and national carrier Vietnam Airlines ranked first a
The number of foreign residents in South Korea exceeded 1.4 million for the first time as the number of foreigners with E-9 visas working in non-professional jobs and international students increased due to the COVID-19 endemic. If including naturalized immigrants who have acquired South Korean citi
More than half of the 82 major conglomerates surveyed have holding companies, with 38 groups transitioning to a “holding company system.” The average ownership stake in holding companies held by conglomerate owners and their families has slightly decreased compared to the previous year.According to
Starting next year, KOSPI-listed companies with assets exceeding 10 trillion won (US$7.67 billion) will be obligated to submit disclosures in English. This mandatory requirement is expected to enhance information accessibility for foreign investors.The Financial Services Commission announced on Dec.
According to the Korea Securities Depository on Dec. 17, the cumulative settlement amount for the sale of foreign stocks by domestic investors has reached US$137.05 billion as of Dec. 14 since the beginning of this year. This figure surpasses the corresponding purchase settlement amount of US$135.97
According to an analysis, up to 96,000 new foreigners will enter Korea every year for the next 50 years. Under these circumstances, if a worst-case low-fertility scenario is realized, one in three people of working ages in Korea will be foreign by 2072.According to the results of the 2022 Population
With the imminent release of devices featuring AI services as core functions, closely integrated into our daily lives through smartphones and PCs, the true era of Artificial Intelligence (AI) popularization is unfolding. Devices that can summarize conversations, suggest optimal responses automatical
On Dec. 14, SK telecom unveiled the “A. Interpretation Call” service, which enables real-time interpretation during calls, and is preparing to sequentially update users’ apps.Initially targeting Apple iPhone users, the service supports four languages: Korean, English, Japanese, and Chinese. Plans ar
China’s Huawei took the wraps off a new laptop with a 5-nm application processor (AP). This came three months after the company unveiled a new smartphone with a 7-nm chip of its own development.According to sources in the information technology (IT) industry on Dec. 13, Huawei recently unveiled a ne
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
The COVID-19 endemic has reignited the competition for dominance in the domestic tourism industry among hotels and resorts.On the morning of Dec. 13, the U.S.-based integrated resort development and operating company, Mohegan, held a media day event for “Inspire Entertainment Resort (Inspire)” on Ye
The Korean construction industry is expected to surpass US$30 billion in overseas orders for the fourth consecutive year. However, it is still up in the air that it will be able to reach the target of US$35 billion set in the first half of this year.The amount of overseas construction orders given t
Hyundai, Honda, Volkswagen and other foreign automakers in the United States have been accused of sabotaging the establishment of labor unions.Workers at Honda’s Indiana plant, Hyundai’s Alabama plant and Volkswagen’s Tennessee plant have filed complaints with the National Labor Relations Board (NLR
Starting on Dec. 14, the foreign investor registration system, which was considered one of the causes of the “Korea Discount,” or the undervaluation of the South Korean stock market, will be abolished.According to the financial investment industry on Dec. 12, the “Enforcement Decree of the Capital M
Last month, foreign investment funds in domestic stocks and bonds reversed into net inflows for the first time in four months.According to a report titled “Trends in International Finance and Foreign Exchange Markets Since November” released by the Bank of Korea on Dec. 12, foreign securities invest
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