LG Household & Health Care has won a trademark dispute with Two Faced, a U.S. cosmetics company affiliated with Estee Lauder.The Patent Court of Korea has recognized the legitimacy of LG Household & Health Care's "Born This Way" trademark, which is used for the company's daily beauty product
The Korea Economic Research Institute said in its recent report that South Korea has the strongest tendency of automatic pay increase proportional to the length of service among 28 OECD member states.“In South Korea, a service period increase of 10 years leads to a 15.1 percent pay rise,” it said, a
The IMF said in its recent report that South Korea’s national debt-to-GDP ratio is likely to reach 51.3 percent at the end of this year and 66.7 percent at the end of 2026 and the rate of increase, 15.4 percentage points, is the highest among those of 35 countries classified as advanced economies.Ac
HLB announced on Nov. 8 that its oral cancer drug candidate "Rivoceranib" has been designated as an orphan drug for liver cancer treatment by the U.S. Food and Drug Administration (FDA) on Nov. 4.The FDA operates the Orphan Drug Designation (ODD) program to support the development of orphan drugs.Or
LG Energy Solution will supply batteries to Nikola, a U.S. hydrogen-electric truck company, for eight years from 2022 to 2029.Nikola announced in a third-quarter earnings report on Nov. 4 that it has signed a long-term battery supply contract with LG Energy Solution on Oct. 20. The company kept the
The South Korean government and some local politicians are claiming that South Korea should become a part of the MSCI World Index. Under the circumstances, short selling is drawing attention. This is because the current partial short selling ban must be lifted for South Korea to become a part of the
The Bank of Korea said in its report on Nov. 7 that South Korea is more vulnerable than Japan and China to the ongoing manufacturing production setbacks in Indonesia, Thailand, Vietnam, Malaysia and the Philippines.“The five ASEAN states’ manufacturing production fell 7 percent or so in the third qu
Korea’s three major battery makers, which have announced massive investment plans for the United States, are shifting their focus to Europe. They are looking to secure an edge with next-generation batteries in a price war with Chinese battery companies.As the three battery companies have decided to
The deadline for chipmakers’ submission of their supply chain information to the U.S. government is only one day away. Samsung Electronics and SK Hynix are reportedly mulling over the level of disclosure until the last minute.The two companies are expected to submit their data to the U.S. government
Solid Energy System (SES), a U.S. battery startup which received investments from Korean conglomerates, including Hyundai Motor, SK and LG, has unveiled its next-generation lithium metal battery, which it aims to commercialize by 2025.The company currently has its headquarters in Singapore and test
EcoPro BM announced on Nov. 1 that it would invest two trillion won to build cathode material production facilities in the United States and Europe.The company made this announcement in an ECO-Friendly Day event at the Eco-Battery Pohang Campus in Pohang, North Gyeongsang Province, on Nov. 4.It plan
Green ETFs in South Korea are showing low rates of return unlike U.S. and Chinese ETFs of the same type.According to industry sources, those in the United States are recording a rate of return of over 20 percent these days, and the 10 most profitable ETFs in the market include multiple green ETFs. T
SK On, a battery subsidiary of SK Innovation that is speeding up the development of lithium iron phosphate (LFP) batteries, has decided to produce pouch-type LFP batteries.LFP batteries are mainly produced by China's CATL and BYD, and these companies specialize in the prismatic type. Jumping int
“Let’s assume that the South Korean government demands Intel’s technological data and client information. Is there any possibility that the U.S. government will accept it?” said an employee in a Korean semiconductor company.Since the beginning of this year, the White House has had three meetings rel
The stock price of Plug Power, a U.S. hydrogen energy company which received a joint investment from SK Inc. and SK E&S, has soared, providing the two Korean companies with a valuation gain of about 800 billion won.SK Inc. and SK E&S invested about 1.85 trillion won (about US$1.6 billion) together i
Hyundai Motor Co. will produce the Genesis GV70 electric vehicle (EV) model at its plant in Alabama of the United States starting from early next year. The GV70 EV will become the first EV model of either Hyundai Motor or Kia to be produced in the United States. Analysts say Hyundai Motor has made t
Thailand, Singapore, Brunei, Laos, Cambodia and Vietnam as six ASEAN members submitted their ratification instrument regarding the Regional Comprehensive Economic Partnership (RCEP) to the secretariat of the ASEAN on Oct. 28.The RCEP agreement becomes effective 60 days after ratification instrument
Raw material shortages triggered in China are seriously affecting global industries. Experts point out that China is weaponizing its resources under U.S. pressure, although it is mentioning carbon neutrality and electric power shortage as reasons. More and more countries are having talks with China
The Ministry of Trade, Industry and Energy announced on Nov. 3 that its minister Moon Sung-wook and U.S. Secretary of Commerce Gina Raimondo would meet soon to discuss the U.S. demand for semiconductor companies’ sensitive information and data.The companies include Samsung Electronics and SK Hynix a
SK Group chairman Chey Tae-won has held a series of meetings with key U.S. political and business figures in Washington, D.C.Chey visited Washington, D.C. from Oct. 27 to Nov. 1 (local time) and met with political and business figures, including Republican Senate floor leader Mitch McConnell, to dis