As the maturity date for equity-linked securities (ELS) linked to Hong Kong’s Hang Seng China Enterprises Index (HSCEI) worth 10 trillion won (US$7.6 billion) approaches in the first half of the year, it has been revealed that a confirmed loss of 100 billion won has been incurred since the beginning
Due to a slowdown in global demand for electric vehicles, leading to an “oversupply,” the prices of battery materials have significantly fallen. Companies in this sector are noticeably tense. According to Taiwan’s market research firm TrendForce on Jan. 14, in December last year, the prices of lithi
Samsung Electronics’ first artificial intelligence (AI) smartphone, the Galaxy S24 series, is set to be unveiled on Jan. 18.According to industry sources on Jan. 14, Samsung Electronics will reveal the Galaxy S24 series at its first half of the year product launch event, Galaxy Unpacked 2024, schedu
The heads of the four major Korean conglomerates are expected not to participate in this year’s Davos Forum.Samsung Electronics Chairman Lee Jae-yong, SK Group Chairman Chey Tae-won, Hyundai Motor Group Chairman Chung Eui-sun, and LG Group Chairman Koo Kwang-mo will not attend the 2024 Davos Forum,
A research study revealed that the total market capitalization of all listed companies in South Korea has increased by nearly 500 trillion won over the past year. The top two companies in terms of market cap growth were Samsung Electronics and SK hynix, with the combined market cap of these two comp
In the global electric vehicle (EV) market, the market share of South Korean battery manufacturers has fallen below 50%. China’s CATL, previously dominant only in the domestic market, is now matching LG Energy Solution in the global market outside China, enhancing its presence significantly.Accordin
Samsung C&T announced on Jan. 11 that it has completed the Merdeka 118 building in the heart of Kuala Lumpur, Malaysia, which stands at a height of 679 meters. The building was officially opened on Jan. 10.With this achievement, Samsung C&T has now completed both the world’s tallest building, the Bu
A bill to amend the Petroleum and Petroleum Alternative Fuel Business Act passed the National Assembly’s plenary session on Sept. 9, paving the way for refiners to produce sustainable aviation fuel (SAF).SAF is an aviation fuel derived from renewable biomass or carbon dioxide. It has the same compos
Google, in partnership with LG Electronics, is broadening the connectivity between smartphones, PCs, TVs, and other devices.On Jan. 9, during the Consumer Electronics Show (CES) 2024 at the Las Vegas Convention Center, Google unveiled plans to expand the ecosystem of its Android operating system. It
According to foreign media on Jan. 10, American investment bank Jefferies reported that Apple’s sales in China are increasingly suffering due to intense competition from local Chinese smartphone manufacturers, including Huawei.Chinese smartphone makers continue to aggressively challenge the market w
According to the BioEconomy Research Center of the Korea Biotechnology Industry Organization on Jan. 10, WuXi Biologics, a leading Chinese biopharmaceutical Contract Development and Manufacturing Organization (CDMO), is confirmed to be constructing a commercial biopharmaceutical raw material product
Samsung Electronics Chairman Lee Jae-yong highlighted the critical role of 6G technology for the company’s future during his visit to Samsung Research, the company’s global research and development (R&D) hub located in the Umyeon neighborhood of Seocho district in Seoul on Jan. 10. There, he reviewe
On Jan. 10, the Ministry of SMEs and Startups (MSS) announced the results of its Venture Enterprise Detailed Survey, analyzing the management performance, employment, and research and development (R&D) of venture companies as of the end of 2022.According to the MSS, the average revenue of venture co
Following the passing of the late Lee Kun-hee, the former chairman of Samsung, in 2020, it has been revealed that the mother and two daughters of the Samsung owning family, including Hong Ra-hee, the former director of the Leeum Samsung Museum of Art; Lee Boo-jin, the CEO of Hotel Shilla; and Lee Se
CES2024, the world's largest IT show, has begun in Las Vegas, U.S. The Las Vegas Convention Center (LVCC), the main venue for CES2024, and the entire city where the show floor is located are bustling with exhibitors and visitors from around the world.Compared to CES2023, which resumed last year afte
Samsung C&T Corporation, along with its subsidiaries Samsung Biologics and Samsung Bioepis, announced on Jan. 9 the signing of a memorandum of understanding (MOU) for strategic cooperation with the U.S.-based Flagship Pioneering through their jointly established Life Science Fund No. 2 (SVIC 64th Ne
Considering the key role of electronics in future cars, alliances between electronics and automotive companies, dubbed E-Vehicle Alliances, are being formed worldwide.Sony Honda Mobility, the electric vehicle joint venture of Sony and Honda, held a press conference in Las Vegas on Jan. 8 (local time
Samsung Electronics has been revealed to have been emitting toxic substances over the past decade at its Bac Ninh plant in Vietnam, failing to take appropriate measures. According to Newstapa on Jan. 9, the American investigative journalism outlet The Examination reported this issue based on a conve
Korea’s three major battery makers lost to China’s CATL and BYD in the global electric vehicle battery market standings from January to November 2023, dropping by 1.3 percentage points year on year.According to SNE Research, a market research firm specializing in energy, the total usage of batteries
Samsung Electronics’ stock price has been struggling to reach the 80,000-won (US$60.61) mark. On Jan. 9, the company concluded the market at 74,700 won, recording a decrease of 1,800 won, or 2.35%, compared to the previous day. Although Samsung Electronics briefly rose to 77,000 won in the early mar