Labor unions at large plants in the Gwangju and South Jeolla Province regions represented by Kia Corp. and Kumho Tire declared the end of negotiations and passed a vote for and against going on a strike.According to industry reports on Sept. 11, Kumho Tire’s union held a two-day strike vote for all
SK Telecom announced on Sept. 11 that it has launched a solution that can reduce the cost of operating AWS-based cloud services by up to 40 percent.SK Telecom’s solution is a cloud cost optimization solution based on Amazon Web Services (AWS). It supports migration from Intel- and AMD-based servers
KT announced on Sept. 11 that it has signed a memorandum of understanding (MOU) with Singapore Post (SignPost), Singapore’s public postal and logistics company, to jointly develop a new business model.Through this collaboration, KT and SingPost will run pilot programs for digital logistics transport
KT&G recently held an agreement ceremony to receive investment support from the Ministry of Investment for the construction of a new factory in East Java province, positioning it as an export hub in Indonesia.On Sept. 6, at the headquarters of the Ministry of Investment in Jakarta, Baek Bok-in, the
LG is promoting the 2030 Busan World Expo at global landmarks in major cities such as New York, London, and Paris.From June of last year to recently, LG has been advertising the bid for the 2030 Busan World Expo on large outdoor billboards at iconic spots like New York’s Times Square and London’s Pi
Hyundai E&C announced on Sept. 11 that it will accelerate carbon-neutral management as it vigorously pursues power brokering business.On Sept. 8, Hyundai E&C established a strategic partnership through equity investment with the energy IT startup “60Hz.”Through this partnership, Hyundai E&C plans to
HD Hyundai’s HD Hyundai Electric announced on Sept. 10, local time, that it has signed a contract worth 678 billion won with Saudi’s power transmission and transformation construction specialist Al Gihaz. The products procured this time are intended for the “Mountain Substation,” which Al Gihaz is n
Hanwha Aerospace is set to showcase its extensive range of defence technologies at DSEI 2023 to be held from 12nd-15th September at ExCel, London.Hanwha Aerospace will unveil its K9A2 Self-Propelled Howitzer (SPH) platform fitted with the Composite Rubber Track (CRT) developed by Soucy Defense, a ke
Gureumus Co., Ltd., a pioneer in AI-based next-generation facial recognition solutions, announced that it presented its FaceTracker solution during the 2023 K-ICT WEEK in Busan, the largest integrated ICT event in the Yeongnam region, spanning from Wednesday, September 6th, to Friday, September 8th.
TiumBio Co., Ltd. (KRX: 321550. KQ), a clinical-stage biopharmaceutical company focusing on discovering and developing innovative therapeutics for patients with rare and incurable diseases, today announced that the Phase 1a results of TU2218 will be presented at the 2023 European Society of Medical
Kolmar Korea has won a technology theft lawsuit against global cosmetics company Intercos. Intercos Korea, an Italian cosmetics company with operations around the world, was accused of stealing the company’s sunscreen formula.The Seoul Central District Court’s 62nd Civil Division recently ruled in f
SKC will invest in U.S. semiconductor packaging startup Chipletz.SKC announced on Nov. 11 that it will participate in Chipletz’s Series B investment and secure a stake of approximately 12 percent. The exact percentage will be finalized upon the close of Chipletz’s Series B funding.According to an ag
The author is an analyst for NH Investment & Securities. He can be reached at kyuha.lee@nhqv.com -- Ed.Huawei's new smartphone is receiving strong market attention as the firm has succeeded in developing an advanced in-house chip despite US sanctions. Also, there is a possibility of a slowdown in iP
The author is an analyst for NH Investment & Securities. He can be reached at jaemin.ahn@nhqv.com -- Ed.Compared with April, Hong Kong and Singapore investors’ outlook toward the Internet sector has improved considerably. We anticipate AI-related momentum and earnings recovery at Internet firms. In
Hankook & Company Group, holding a subsidiary group Hankook Tire, co-hosted ‘The 1st Hankook & Company Group – KAIST AI Competition’ with the Korea Advanced Institute of Science Technology Graduate School of Data Science (KAIST GSDS) to reinforce employee capabilities in areas such as AI and Big Dat
Despite the 3Q off-season, Cosmax is forecast to log solid sales thanks to the popularity of K-beauty and robust exports. Although we maintain a conservative stance regarding the recovery of the Chinese cosmetics market, we favorably note both a rapid improvement in US profitability and strong growt
The author is an analyst for NH Investment & Securities. He can be reached at kyeongkeun.kang@nhqv.com -- Ed.Occupying the top spot in the domestic CO2 product market, Taekyung Chem stands to benefit from deteriorating CO2 product supply. As the firm is expected to enjoy robust earnings growth follo
Starting in March of next year, the era of electronic shareholders meetings will commence. With the full introduction of online voting at shareholder meetings, allowing same-day voting, the atmosphere of future shareholder meetings is expected to undergo a significant transformation.According to the
It has been revealed that domestic construction companies are displaying strong performances in overseas construction orders this year.According to the International Contractors Association of Korea on Sept. 10, the amount of overseas construction orders for the past January to August reached US$21.
It has been revealed that the import value of luxury handbags priced at over 2 million won (US$1,496) has increased by nearly fourfold in just four years. During the same period, the import value of luxury watches has also seen an increase of nearly double.According to data obtained by Representativ