Remi Eriksen, CEO of DNV, recently had an interview about the longstanding relationship between his company and Korea. DNV is the world’s largest international accredited registrar and classification society and is headquartered in Norway. It provides services to a range of industries, including the
The world’s first cryptocurrency travel rule becomes effective on March 25 at South Korean cryptocurrency exchanges. It is to reveal the names, nationalities and addresses of those who send and receive cryptocurrencies.Once the rule is implemented, cryptocurrency movement between an exchange and a p
Singaporean investment firm Temasek Holdings has sold off part of its stakes in Celltrion and its distribution affiliate Celltrion Healthcare in a block deal on March 21.The Singapore sovereign wealth fund reportedly sold 390 billion worth of Celltrion stocks and 170 billion won worth of shares in C
Scientists from the Korea Institute of Machinery & Materials (KIMM) and the Nanyang Technological University of Singapore (NTU Singapore) have developed a technique to create a highly uniform and scalable semiconductor wafer, paving the way to higher cup yield, more cost-efficient semiconductors and
The Federation of Korean Industries said on March 16 that South Korean products’ share in the Chinese import market, the second-largest in the world, is falling in the wake of U.S.-China trade disputes and so on.“The share in the market was 9.8 percent on average in the period of 2012 to 2016 and 8.
The popularity of Korean Netflix content is continuing to grow. From Feb. 28 to March 6, five were on the non-English top 10 chart, including Juvenile Justice on top.It was on the top 10 chart in 25 countries, including South Korea, Japan, Mexico, Peru, Taiwan, Singapore, Hong Kong and Morocco. It c
The Ministry of Science and ICT announced on Feb. 22 that the Center for AI and Digital Policy (CAIDP) published a report on artificial intelligence and democratic values this week to classify South Korea, Canada, Germany and Italy as where AI-related policies and practices are most balanced with de
SK ecoplant will acquire TES Envirocorp Pte. Ltd., a global e-waste company. E-waste is electronic products, such as computers, televisions and VCRs, which are unwanted, not working, and nearing or at the end of their “useful life.” SK ecoplant signed a stock purchase agreement (SPA) with Navis Capi
More than 10 large global investors, including the world’s top three private equity funds (PEFs) and major global sovereign wealth funds, have jumped into the pre-IPO of SK On, an electric vehicle battery subsidiary of SK Innovation.The participating investors included the world’s largest PEF Blacks
BlackRock, the world’s largest asset management company, is considering investing in SK Innovation’s battery subsidiary.BlackRock’s private equity fund division recently participated in a preliminary tender conducted by SK On, said sources in the investment banking (IB) industry on Feb. 10. SK On he
The merger between Korean Air and Asiana Airlines is around the corner. Foreign competition authorities have approved it one after another, and the Korea Fair Trade Commission is expected to approve it conditionally.The commission had a general meeting on the issue on Feb. 9. The result of the meeti
Korean Air passengers can now pass through the domestic flight boarding gates only by scanning their palm without checking the physical boarding pass.The company announced on Feb. 8 that it will launch the bio self-boarding service for passengers of domestic flights at Gimpo Airport.The new service
SK Inc., the holding company of SK Group, has hit the jackpot with its investment in SES Holdings (formerly known as Solid Energy System), a U.S. battery company.SES Holdings announced on Feb. 1 that it will be listed on the New York Stock Exchange (NYSE) on Feb. 4. The company's corporate value
HK inno.N announced on Feb. 3 that it has recently signed a contract with Malaysian pharmaceutical company Pharmaniaga Logistics Sdn Bhd to export K-CAB Tab. (ingredient: tegoprazan), a new drug for gastroesophageal reflux disease.Through this contract, Pharmaniaga will have the right to exclusively
Lawmaker Yang Jeong-sook remarked on Feb. 2 that Apple Korea is manipulating its operating profit-to-sales ratio in order to pay less taxes.“Apple Korea’s operating profit ratio is 1.6 percent whereas that of Apple as a whole is 29.8 percent,” she said, adding, “Last year, Apple Korea’s corporate ta
South Korean enterprises’ investment in Vietnam is continuing to decrease with regard to the Vietnamese government’s way of responding to COVID-19.According to the Ministry of Planning and Investment of Vietnam, the number of investments from South Korea to Vietnam was 1,942 last year, down 30.3 per
COVID-19 self-test kit exports from South Korea are increasing again with regard to the omicron variant spreading worldwide.This month, SD BioSensor signed large-scale contracts with the United States and Singapore. Specifically, the contracts total 136.9 billion won and the supply to Singapore is i
The author is an analyst of KB Securities. He can be reached at joonsop.analyst@kbfg.com. -- Ed. KT and Shinhan Financial Group announce cross-shareholding deal— On Jan 17, KT and Shinhan FG announced a cross-shareholding deal valued at around KRW430.0bn.— KT is acquiring a 2.08% stake in Shinhan FG
Sisley-L, a global artist and NFT expert who became famous by winning the highest bid for a young artist at a Christie's auction, is attending one of the world's top 3 art shows, the LA ART Show. In the past, she attended an invitational exhibition at SAATCHI Gallery, London, with which worl
Foreign game companies are increasingly copying South Korean companies’ games and the South Korean government is doing nothing, according to those in the industry.At present, Krafton USA and Singapore-based Garena are in litigation over the former’s PUBG: Battlegrounds. Apple and Google are also inv