President Yoon Suk-yeol will visit Saudi Arabia and Qatar on a four-day, six-night state visit starting on Oct. 21. This will mark the first time a Korean head of state has paid a state visit to Saudi Arabia and Qatar.President Yoon will arrive in Riyadh, the capital of Saudi Arabia, on Oct. 21 (loc
Samsung Electronics is formalizing plans to introduce a “Spam Message Box” on its mobile phones.The Korea Internet & Security Agency (KISA) announced on Oct. 18 that they had entered into a business agreement with Samsung Electronics for the development and operation of malicious text message filter
HD Hyundai announced on Oct. 18 that its shipbuilding subsidiaries – including HD Korea Shipbuilding & Offshore Engineering, Hyundai Mipo Dockyard, and Hyundai Samho Heavy Industries – have signed a business agreement for joint development of an integrated design-production innovation platform with
The author is an analyst for NH Investment & Securities. He can be reached at jaemin.ahn@nhqv.com -- Ed.KT has unveiled its dividend policy for the next three years. The announcement should put to rest recent fears of dividend reduction. The firm’s commitment to keeping DPS at the 2022 level evidenc
Samsung Electronics is considering the adoption of MicroLED technology for its Galaxy Watch. This move is perceived as a strategy to rapidly seize the MicroLED market while intensifying competition with the Apple Watch.On Oct. 16, Samsung Electronics announced through their newsroom that they are in
SKC is accelerating its business restructuring efforts, actively pursuing mergers and acquisitions (M&As) and investments, while streamlining its underperforming sectors. The company is transitioning its portfolio from a chemical-focused approach, including films and basic materials, to high value-a
South Korea has signed a Free Trade Agreement (FTA) with the United Arab Emirates (UAE), marking its first such agreement with a Middle Eastern country and its 24th FTA overall.The Ministry of Trade, Industry and Energy announced that Ahn Deok-geun and Thani bin Ahmed Al Zeyoudi concluded Comprehens
Korea and Saudi Arabia have agreed to expand cooperation in the biotech, gaming, and automotive sectors while implementing existing economic cooperation tasks in infrastructure.The Ministry of Trade, Industry and Energy (MOTIE) announced the agreement at the Four Seasons Hotel in Seoul, during the f
Amid the global semiconductor demand slowdown, it’s projected that the operation rate of Samsung Electronics’ legacy 8-inch wafer foundry will be cut in half next year.Market research firm TrendForce reported on Oct. 12 that Samsung Electronics’ 8-inch wafer foundry’s operation rate will be around 5
CJ Logistics is accelerating the development of a state-of-the-art logistics center in the United States.Korea Ocean Business Corporation recently held an investment review committee meeting and decided to invest US$61 million in the form of preferred shares in a special purpose company (SPC) to dev
The RIGO Project officially launched its mainnet on the 4th (Korean time) and successfully created the genesis block (the first record registered on the blockchain), as announced through its official account.The RIGO Project explained, "After releasing the testnet in August and continuing to update,
Huawei kicked off the 14th Global Mobile Broadband Forum in Dubai, UAE. Li Peng, Huawei's President of Carrier BG, delivered a keynote at the event. In his speech, Li called on global carriers and industry partners to rise to the occasion, address increasing demands on networks, and make the most of
The author is an analyst for NH Investment & Securities. He can be reached at kyuha.lee@nhqv.com -- Ed.Concerns over OLED shipments to North American client appear overblownLG Display (LGD)’s share price has recently tumbled on concerns over a possible delay in shipments of OLED panels for a new sma
Expectations are rising that South Korean electric mobility companies might counteract the rapid market penetration of cheaper Chinese alternatives by next year. Particularly, South Korean SMEs, medium-sized businesses, and startups are strategizing to differentiate themselves from Chinese products
Forecasts suggest that the shipment volume of organic light-emitting diode (OLED) displays used in tablet PCs and laptops will grow at an annual rate of 41% until 2027.On Oct. 10, market research firm UBI Research published a report titled “Analysis of IT OLED Technology and Industry Trends.” This y
Lotte Chemical has sold off all of its plants producing general-purpose petrochemicals in China. General-purpose petrochemicals have become a marginal business for the company with deteriorated profitability due to aggressive expansion by Chinese companies.According to industry sources on Oct. 9, Lo
As the issue of expanding insurance premium payments through credit cards remains unresolved and in limbo, the insurance industry is becoming increasingly concerned. This unease is fueled by predictions that the usage volume of convenient payment services like Kakao Pay and Naver Pay will surpass cr
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.
Samsung Electronics has unveiled its Galaxy smartphone's AP (Application Processor) 'Exynos' after nearly two years.On the 5th (local time), Samsung Electronics held the 'Samsung System LSI Tech Day 2023' at Silicon Valley at its North American headquarters (DSA). Over 300 representatives from clien
In a move seen as a counter to Apple’s upcoming pre-sale of the iPhone 15 series in South Korea on Oct. 6, Samsung Electronics has unveiled its Galaxy Fan Edition (FE) series after a two-year hiatus.On Oct. 4, Samsung Electronics announced the launch of its new Galaxy FE lineup comprising Galaxy S23