Apple, which has already surpassed Samsung in sales and profitability, is poised to overtake Samsung for the first time in market share by shipments with the iPhone 15 series scheduled to be unveiled in September. This has presented a challenge for Samsung Electronics, which has been the undisputed
U.S.-based tech giant Meta (formerly Facebook) recently visited South Korea to discuss next-generation DRAM with SK hynix. Nvidia, an AI semiconductor company, is also planning a visit soon.According to industry sources on Aug. 27, Meta officials visited the SK hynix headquarters in Icheon, Gyeonggi
On Aug. 27, Nikkei, referencing data from MarkLines, a global auto market research firm, and various company reports, revealed that Chinese EV manufacturer BYD has entered the top 10 in global new car sales for the first half of the year (January-June).BYD’s sales stood at 1.25 million units, a 96%
Hyundai E&C and Holtec, a U.S. nuclear power plant design and manufacturing company, will commence construction of a small modular reactor (SMR) in the mainland U.S. by 2026. With the goal to complete the project within 3 years and start electricity production by 2029, the order is expected to excee
On Aug. 27, Hyundai Mobis announced its collaboration with Israel’s communication semiconductor design specialist, Autotalks, to develop a 5G-based Vehicle-to-Everything (V2X) integrated controller.Autotalks, recently acquired by Qualcomm, is recognized as a leader in V2X semiconductor design as des
Amid increasing global gaming demand, Samsung Electronics and SK hynix are intensifying their efforts to penetrate the “Graphics Double Data Rate (GDDR)” market, a type of high-performance DRAM dedicated to graphics.According to a report from U.S.-based market research firm Industry Growth Insights
Lee Chan-hee, chairman of Samsung Group’s independent corporate compliance oversight committee, has raised the need for a group control tower. Given the immense scale of Samsung’s organization, he argues that having a control tower is essential to ensure efficiency and unity.According to industry so
As AIA Life Insurance prepares for the launch of its sales company in September, the company has started offering a remarkable incentive to competitors’ agents: up to 200 percent of their previous year’s salary. This represents a substantial increase of 18 to 190 percentage points above the industry
Short selling of Hyundai Motor Group’s stocks has been intensifying, including both Hyundai Motor and Kia Motors. As concerns over performance grow, there are a rising number of investors betting on a decline in stock prices. In contrast, some experts in the securities industry believe that Hyundai
Ultium Cells, a battery joint venture between LG Energy Solution and General Motors, has reached a tentative agreement with the United Auto Workers (UAW) to increase wages for workers at the Ohio factory in the United States by 25 percent. This marks the first time that the UAW, the largest automoti
This year, SK REIT’s share-price decline has been modest compared to the level seen during its rights issuance period last year. With capital to be raised to the degree expected, DPS is projected to rise over the next year. We advise buying at the current low price, believing that the risk of any sh
Due to a recent economic crisis in China, Korea’s exports to China may fall by US$36.92 billion this year, according to an analysis report.The report titled “Implications of Declining Exports to China on the Korean Economy,” released by the Hyundai Research Institute on Aug. 24, estimates how much a
The Monetary Policy Committee (MPC) of the Bank of Korea (BOK) has decided to maintain the benchmark interest rate at 3.50 percent annually. This marks the fifth consecutive freeze following similar decisions in February, April, May, and July.The MPC held a monetary policy direction meeting on the m
Recent financial improvements have triggered wage increase demands from labor unions in the automotive and shipbuilding sectors. The labor union at HD Hyundai Heavy Industries (329180) rejected a proposal that included significant raises in both base pay and performance bonuses. Meanwhile, ongoing l
As the won-dollar exchange rate approaches its peak of the year, the stock prices of Hyundai Motor and Kia Motors, the leading beneficiaries of the weak won, are taking a step back. Despite posting their highest-ever quarterly earnings in the second quarter, the lingering effects of an economic slow
With Nvidia, a leading artificial intelligence (AI) semiconductor company, announcing surprising financial results, warmth is spreading among domestic semiconductor companies. This is due to the fact that Samsung Electronics and SK hynix hold a dominant position in the high bandwidth memory (HBM) ma
The Korean government has begun to improve its system to allow more skilled foreign workers to work longer at workplaces in Korea.On Aug. 24, the Ministry of Justice announced a plan to revolutionize work visa regulations in order to drive Korea’s economic growth at the 4th Regulation Innovation Str
Naver has unveiled HyperClova X, a new generative artificial intelligence (AI) platform. Naver will build an AI ecosystem and establish a model for mutual growth with Korean startups through the AI platform.At the DAN23 Conference held at the Grand InterContinental Seoul Parnas on Aug. 24, Choi Soo-
Samsung Electronics is partnering with global luxury brand Thom Browne again to market a limited edition of its foldable phone, the Galaxy Z5, against Apple’s iPhone 15 series.According to industry sources on Aug. 24, Samsung Electronics will release Thom Brown editions of the Galaxy Z Fold5 and the
“Every Mercedes-Benz vehicle in the world has a piece of Korea in it,” said Ola Källenius, chairman of the Board of Management at Mercedes-Benz Group in an all-electric showcase meeting with local media at Shilla Hotel in Seoul on Aug. 24. “Korea is a very important market. I believe our cooperation