Five activist funds, including City of London Investment Management, have initiated demands for Samsung C&T to retire its treasury stocks and increase dividends.With the combined stake of the five funds amounting to less than 1.5 percent, the likelihood of Samsung C&T accepting their demands is low.
More and more small and medium-sized food manufacturers that produce and supply Coupang’s private label products are succeeding in achieving a “second leap.”Coupang announced on Jan. 31 that three small food manufacturers in explosive growth regions, with sales that have increased from 3 to up to 29
Hanwha Aerospace is building the largest private space launch vehicle production facility in South Korea.The company announced on Feb. 15 that it held a groundbreaking ceremony for the tentatively named “Space Hub Launch Vehicle Manufacturing Center” in Suncheon, South Jeolla Province, on the same d
Samsung Electronics has entered the competition for a cutting-edge 2-nanometer (nm, one billionth of a meter) foundry process and has secured an order to produce 2-nm semiconductors from a Japanese artificial intelligence (AI) company.According to industry sources on Feb. 15, Samsung Electronics has
In South Korea, Apple has recorded its highest-ever market share. According to market research firm Counterpoint Research, last year, Apple exceeded a 25% market share in the domestic smartphone market for the first time, having increased its market share by 1 percentage point annually since 2020 an
Korean forklifts set a new export record last year, benefiting from the increased demand for factory expansions in North America due to supply chain restructuring.According to the Customs Service’s export and import trade statistics on Feb. 14, Korea exported forklifts (forklift trucks and industria
Samsung Electronics, along with Taiwan’s TSMC and America’s Intel, is accelerating the competition to introduce advanced 2-nm process technologies in a bid to take the lead in the global foundry market. Fueling this race among the three companies is Sam Altman, CEO of OpenAI, the developer of the ge
Global private equity fund (PEF) Carlyle Group will sell a 1.2 percent stake in KB Financial Group in a block deal worth about 32 billion won.According to sources in the investment banking (IB) industry on Feb. 14, Carlyle Group made a demand forecast after the close of the market to push forward th
POSCO Future M has been recognized for its ESG management performances by being named an Industry Mover in the 2023 Corporate Sustainability Assessment (CSA) of S&P Global, one of the world’s three largest credit rating agencies.S&P Global conducts the Corporate Sustainability Assessment annually an
LS Eco Advanced Materials, a subsidiary of LS Cable & System, announced that it has signed a memorandum of understanding (MOU) with the German-based Vacuumschmelze, the largest permanent magnet manufacturer in Europe, to establish a joint venture corporation.The two companies plan to establish the j
Executives and experts from domestic e-commerce companies such as Coupang are collaborating to develop strategies in response to the aggressive expansion efforts of Chinese e-commerce platforms including AliExpress and Temu.According to industry sources on Feb. 14, the Ministry of Trade, Industry an
On Feb. 14, President Yoon Suk-yeol stated, “We will strive to position South Korea as the most favorable destination for businesses worldwide.”President Yoon hosted a luncheon meeting with foreign investment company representatives at the Korea Chamber of Commerce and Industry building in the Jung
News about BYD’s entry into South Korea has drawn attention to changes in the share of the South Korean electric vehicle market dominated by Hyundai Motor. BYD is a Chinese electric vehicle maker. Experts predict that BYD’s price competitiveness will play a big role in determining its success in the
The number of employment insurance holders rebounded for the first time in seven months in January. However, one third or more of the increase was among foreign workers.The figure also shrank in the manufacturing industry with the exclusion of foreigners. It had been on the wane for four months sinc
SAESOL Tech, at the forefront of providing security solutions for autonomous connected cars under the leadership of CEO Junhyouk Han, is delighted to announce the recent achievement of Grade 1 GS (Good Software) Certification for its flagship solution, V2X SCMS. This certification underscores SAESOL
Pulmuone announced on the 14th that it has been recognized for sustainability in the 2023 Corporate Sustainability Assessment (CSA), conducted by S&P Global, one of the world's three major credit rating agencies, and has entered the global Top 5 for the first time in the food sector.This ranking pla
The competition in the foldable phone market is expected to intensify this year. Amid predictions that Chinese companies, including Huawei, are set to release a “tri-fold phone” that can fold both inwards and outwards twice, Samsung, a leader in the foldable phone market, is anticipated to unveil it
Qoo10 announced on Feb. 13 that it has signed a comprehensive business transfer agreement to acquire Wish, a global service operated by ContextLogic, a company listed on the NASDAQ in the United States.Through this acquisition, Qoo10 aims to expand its global logistics network beyond the Asia region
Samsung Biologics announced on Feb. 13 that it has been awarded the Leadership A- grade in the climate change response category by global sustainability evaluation organization Carbon Disclosure Project (CDP). CDP, a non-profit international organization founded in the U.K. in 2000, conducts project
Hanwha Aerospace and Hanwha Systems announced on Feb. 13 that they signed a trilateral memorandum of understanding (MOU) for cooperation in the defense industry with the Saudi Ministry of National Defense during the World Defense Show 2024, a comprehensive defense exhibition in the Middle East held