In the span of 9 months, the number of South Korean users on the Chinese e-commerce platform TEMU has increased elevenfold. With the surge in user numbers, TEMU has been actively seeking to establish a South Korean corporation and is on the lookout for domestic advertising agencies to intensify its
As the announcement of Samsung Electronics’ preliminary results for the first quarter of the year approaches, the success of the Galaxy S24 series, highlighted by its artificial intelligence (AI) features, is raising expectations for the company’s performance.According to market research firm Counte
LG Electronics emphasized its commitment to leading the global AI home appliance market by applying its proprietary AI chip, developed for the implementation of “empathetic intelligence,” to its major products. This move is seen as a direct response to Samsung Electronics’ vision to lead the AI home
Samsung Electronics has emerged victorious in a lawsuit over memory semiconductor module patents against Netlist, a U.S. semiconductor company. Netlist, headquartered in Irvine, California, was founded by Hong Chun-gi, a former employee of LG Semiconductor.According to foreign media and industry sou
As Taiwan, located on the “Ring of Fire” in the Pacific Ocean, faces its strongest earthquake since the “921 Earthquake” of 1999, concerns about the spread of the damage are growing.Taiwan, a leading nation in advanced semiconductor production, is in the spotlight due to production disruptions at TS
Domestic individual investors have surpassed the milestone of holding over 113 trillion won in overseas stocks, marking a historic high. With the KOSPI index rising by 3 percent in the first quarter of this year, major foreign markets such as the United States and Japan surged by over 10 percent, de
On April 3, both the KOSPI and KOSDAQ indices began trading with declines of over 1 percent.With foreign capital inflows continuing throughout the year, the market capitalization share in the securities market has been steadily increasing. There are expectations that the optimism surrounding the gov
It has been revealed that South Korea’s foreign reserves in March increased by approximately US$3.5 billion compared to the previous month.On April 3, the Bank of Korea announced the “Foreign Reserves at the End of March.” According to this data, South Korea’s foreign reserves last month amounted to
The Korea Investment Corporation (KIC) announced that it held the “KIC Mumbai Office Opening Ceremony” at the Jio World Convention Center in the Bandra Kurla Complex (BKC) in Mumbai, India, on April 2.On this day, KIC President Jin Seung-ho stated in his welcoming address, “KIC’s selection of Mumbai
GS Engineering & Construction(GS E&C) announced on April 3 that it has secured a contract for the Fadhili Gas Increment Program Package 2, specifically for the sulfur recovery processing facilities construction, ordered by Saudi Aramco, the state-owned oil company of Saudi Arabia. The contract is va
Hyosung, the leading company in the global spandex market, is accelerating its pace in fostering future businesses by making substantial investments in eco-friendly bio-material ventures.Hyosung TNC announced on April 3 that it received investment approval from the government of Ba Ria-Vung Tau Prov
LS Eco Energy announced on April 2 that it has signed a business agreement with the Institute of Energy (IE) under the Vietnam Electricity Authority regarding the superconducting cable project.The two parties plan to establish a cooperative system to apply superconducting cables to the Vietnamese po
SPC Group’s bakery brand, Paris Baguette, announced on April 2 the opening of its 20th store in Singapore, located at Square 2.The new Singapore Square 2 store is situated on the first floor of the Square 2 shopping mall, which is connected to Novena Station. The Square 2 shopping mall is a complex
Hyundai Steel is moving up the operational start date of its dedicated steel sheet processing plant for electric vehicles in the United States to September.According to industry sources on April 2, Hyundai Motor Company is advancing the start of its dedicated electric vehicle factory (HMGMA) in Geor
Hanwha Group’s acquisition of Australian defense company Austal has hit a snag. The challenge arose because Austal indicated that obtaining approval for the acquisition from Australian and U.S. authorities would be difficult, effectively rejecting the proposal.According to Reuters on April 1 (local
Samsung Electronics is set to reveal its “dream memory,” three-dimensional (3D) DRAM, in 2025, marking a first in the semiconductor industry. The move is seen as Samsung reigniting its “technology gap” in the high bandwidth memory (HBM) market where it has previously lost ground to SK hynix.Accordin
SK C&C announced on April 2 that it has supplied cloud-native technology to CJ Logistics’ new home delivery system dubbed “LoIS Parcel.”LoIS Parcel, which CJ Logistics has been working on for three years since 2021, is a digital delivery system that can handle ultra-high volumes of up to 20 million
Korea’s secondary battery exports were in a slump with the steepest downward curve among the 15 major items in the first quarter of this year, down more than 20 percent. However, the Korean government expects the slump to be a temporary one due to a plunge in raw material prices, and secondary batte
The global automotive industry is at a crossroads with respect to supplying advanced semiconductors for autonomous driving. There are two options. One is to purchase and equip high-performance system-on-chip (SoC) semiconductors from Nvidia, which has a virtual monopoly on Level 3 and higher autonom
Hanwha Ocean announced on April 2 that it has signed a construction contract for four liquefied natural gas (LNG) carriers with an Asian shipowner. The contract value amounts to 1.24 trillion won (US$916.16 million).Hanwha Ocean did not specify the exact contracting party. Considering factors such a