The foreign direct investment in South Korea from the Greater China region increased 25.7 percent year on year to US$5.09 billion in the first nine months of this year.Although the rate of increase is lower than those in the FDI from the European Union (173.2 percent) and Japan (33.8 percent), the i
Major semiconductor companies and their home countries are protesting against the U.S. White House's demand for confidential semiconductor-related data such as orders and inventories. Facing opposition from these companies and countries, the United States administration may soon distribute quest
The Korea Institute for International Economic Policy recently said in its report that the damage done to South Korean industries as a result of U.S.-China trade disputes amounts to 3.9 trillion won.In July and August 2018, the United States and China imposed an additional tariff of 25 percent on ea
LG Display announced on Oct. 7 that its OLED TV panels have obtained 'High Gaming Performance Gold' certification from TÜV Rheinland of Germany and 'Qualified Superior Gaming Performance' certification from Intertek of the United Kingdom.The two testing agencies certified all of LG D
SK Group chairman Chey Tae-won met with CEOs of U.S. green energy companies.Chey met Andrew J. Marsh, CEO of Plug Power, a leading hydrogen energy company of the United States, at SK Seorin Building in central Seoul on Oct. 6. The two agreed to build a hydrogen ecosystem by developing hydrogen-relat
LG Magna e-Powertrain, a subsidiary of LG Electronics specializing in automotive electronics (electronic equipment), has set up three overseas offices within three months of its establishment.The company established its headquarters in Cheongna of Korea and subsidiaries in Detroit of the United Stat
SK IE Technology (SKIET), the material business subsidiary of SK Innovation, announced on Oct. 6 (local time) that it held an opening ceremony for lithium-ion battery separator plant in Silesia Province, Poland, the company’s first European production base.SKIET’s first plant in Poland has completed
Global HR consulting firm Universum announced its World's Most Attractive Employers list for this year on Oct. 6. A total of 26,802 IT majors worldwide picked Google as the most attractive employer and Samsung Electronics took the seventh place.The annual survey has been conducted in the countri
Samyang Foods announced on Oct. 5 that it will establish Samyang Foods Shanghai Limited in Shanghai, China, in December, following the launch of Samyang America in Los Angeles in August.China and the United States are Samyang Foods’ major markets that account for 45 percent and 15 percent of oversea
Nongshim announced on Oct. 5 that overseas sales of its Shin Ramyun exceeded domestic sales in the January-September period of this year, the first time since the launch of the instant noodle in 1986.Shin Ramyun's cumulative sales in the three quarters of this year totaled 690 billion won, of wh
Hyundai Motor has suggested that it might shift the production of the Palisade SUV from Korea to the United States.The automaker's move is a response to the recently erupted conflict between the labor unions at its plants in Ulsan and Jeonju over the allocation of work.Production of the SUV mode
The ongoing power shortage in China is increasingly affecting global raw material and product supply chains. For example, the government of Shanxi recently told 30 magnesium smelting companies in the province to pause their business for the rest of this year, and then the price of magnesium jumped f
Domestic consumer goods companies that have received investment from MBK Partners are drawing attention by making an impressive performance improvement. Analysts say that MBK Partners chairman Kim Byung-ju’s omnichannel strategy, which calls for strengthening online channels, is gradually paying off
Samsung Electronics was ranked 14th in the Global Top 100 Brand Corporations 2021, which was released by the European Brand Institute (EBI), a brand consulting firm based in Vienna, Austria, on Oct. 4. Samsung Electronics was the only Korean company included in the list.Samsung Electronics' bran
Hanwha Solutions announced in August that it would acquire renewable energy developer RES France for approximately one trillion won. “The French company was expected to be acquired by a European company, but Hanwha Solutions surprised the entire industry,” said an industry source, adding, “The South
Korean Air has postponed its acquisition of Asiana Airlines’ stocks again due to a delay in the Fair Trade Commission (FTC)’s review of a business combination between the two airlines.Korean Air announced on Sept. 30 that it has extended the deadline for acquiring Asiana Airlines shares by three mon
The Ministry of Trade, Industry and Energy announced on Sept. 30 that its hydrogen economy plan to be announced in November does not include nuclear power-based hydrogen production, that is, zero-carbon green hydrogen production based on water electrolysis.The plan is likely to be based on LNG refor
The Joe Biden administration is putting increasing pressure on semiconductor companies while regarding hegemony in the industry as a key part of national security. The White House had an online meeting on Sept. 23 with semiconductor manufacturers including Samsung Electronics, TSMC and Intel, which
European Commissioner for the Internal Market Thierry Breton is visiting Korea on Sept. 30 and Oct. 1 for talks with officials from Samsung Electronics and SK Hynix. At these meetings, he is likely to put forward incentives to attract investment from the Korean companies.Taiwan's TSMC and Korea’
M&As in the global semiconductor industry are showing signs of regression. The potential shrinkage of the M&A market is because more and more governments are regarding the industry as a key part of national security. Samsung Electronics is aiming to sign a major M&A deal within three years, but its