L&F has decided to make a significant new investment of 2.55 trillion won (US$1.96 billion) in Daegu in response to surging global demand. This move comes as Chinese battery materials face constraints in the global market following the implementation of the Inflation Reduction Act (IRA) in the Unite
Jusung Engineering, a semiconductor, display, and solar equipment company, has carved a mythical path in the barren land of domestic ventures. This year marks its 30th anniversary. Established in 1993, the company has experienced various challenges but has achieved remarkable growth through continuo
An analysis has emerged suggesting that the Morgan Stanley Capital International (MSCI) Korea Index is poised to experience a 20 percent increase in the coming year.On Nov. 26, Bloomberg Intelligence (BI), a research institution under Bloomberg, projected a 58 percent increase in the total earnings
The financial regulatory authorities have officially commenced discussions on the introduction of a computerized system to address short selling concerns. All eyes are on whether the initiative will lead to the establishment of a system capable of detecting and preventing illegal short selling in re
With a short-term external debt ratio reaching a historically low level in the third quarter of this year, South Korea’s ability to meet external obligations is demonstrated by an increase of US$21.4 billion in net external financial assets in just one quarter. This is because debts decreased more s
There has never been a more popular time for foreigners to live in or invest in Korea. While the number of foreigners declined during the pandemic due to global travel restrictions, immigration has been soaring in the last year. The number of foreign nationals residing in Korea for more than three m
This year marks the first time that the number of countries importing Korean kimchi has surpassed 90. The global popularity of Korean kimchi, often attributed to the Hallyu wave and health trends such as vegetarianism, is leading the way in showcasing K-food on the international stage.According to t
The average wages of employees belonging to the “Big 3” shipyards in South Korea -- HD Hyundai Heavy Industries, Samsung Heavy Industries, and Hanwha Ocean -- have increased by approximately 15% in the past year. Particularly noteworthy is Hanwha Ocean, where the average wage surged by around 12 mil
The Korea Startup Forum (Chairman Jae-Wook Park, hereinafter referred to as KSF), the organizing organization of the global startup festival COMEUP, announced that COMEUP 2023, which was held at Dongdaemun Design Plaza (DDP) for three days from November 8 to 10, attracted about 66,000 people. It was
“An accelerated reorganization of global supply chains that began after the U.S.-China hegemony war has led to the emergence of alternative countries as alternative production bases that can replace China,” said Lee Sang-won, head of product strategy at Korea Investment Management at an India & Viet
Samsung Electronics and SK hynix, leaders in the memory semiconductor market, are facing intense competition from China. The Chinese government is pouring substantial funds into developing a self-sufficient memory semiconductor industry to reduce its dependency on foreign technology.According to ind
Samsung Electronics has set a goal to increase the sales proportion of artificial intelligence (AI) chips in its foundry (semiconductor contract manufacturing) business to 50% by 2028.According to sources in the semiconductor industry on Nov. 20, the current revenue breakdown by application for Sams
The export revenue of ramen, which celebrates its 60th anniversary this year, has surpassed 1 trillion won for the first time in history.According to trade statistics from the Korea Customs Service on Nov. 20, the export revenue of ramen for the first 10 months of this year reached US$785.25 million
The government and the People Power Party will unify lender repayment periods and collateral ratios for individual and institutional investors as a follow-up to a temporary short-selling ban.The government and the ruling party held a meeting with market experts on Nov. 16 to gather opinions on the m
The Financial Supervisory Service (FSS) has taken a proactive stance in a full-scale confrontation with short-selling forces, revealing that it has detected 33 cases of naked short selling this year and imposed fines and penalties amounting to 10.5 billion won (US$8.11 million). FSS Governor Lee Bok
Due to the increase in corporate export proceeds deposits, resident foreign currency deposits rebounded by approximately US$4.6 billion last month compared to a month earlier. Yen deposits reached a record high due to individual investment demand amid the yen depreciation trend as well as corporate
Contrary to the prevailing pessimism earlier this year, foreign media analysis suggests that the South Korean economy is exhibiting an encouraging trend.In his column on Nov. 15 (local time), Bloomberg opinion columnist Daniel Moss assessed the South Korean economy stating, “Critical exports are in
KB Kookmin Bank has announced the signing of a memorandum of understanding with Thailand’s Siam Commercial Bank (SCB). Through this partnership, the two institutions intend to share financial technologies and infrastructure, developing a new financial model for creating a borderless payment infrastr
SK on is actively tapping the year-end financial market to secure investment funds for its battery ventures. Following its debut in the public offering corporate bond market earlier this year, the company is now actively utilizing the short-term corporate paper (CP) market for fundraising.According
The shipbuilding industry, grappling with chronic labor shortages, is seeing signs of stabilization in its operations as the government has deployed over 14,000 personnel this year. However, concerns about technology leakage and employment uncertainty are rising, as 86% of these new recruits are for