Coway Co. unveiled its latest home health appliances at IFA 2022 on Sept. 2. The exhibition featured 22 innovative home appliance products, including 14 air and 8 water purifiers.The main highlight of the exhibition, however, is the highly-esteemed Coway Airmega air purifiers that are now available
Woori Card announced on Sept. 1 that it has acquired an 82.03 percent stake in PT Batavia Prosperindo Finance Tbk, an installment finance company in Indonesia.Woori Card renamed the acquired company Woori Finance Indonesia. It is the card company's second overseas subsidiary after Myanmar Tutu F
Korean chipmakers' share of the global NAND flash market topped 50 percent in the second quarter of 2022. Global NAND flash sales in the second quarter hit US$18.12 billion, up 1.1 percent from the previous quarter, according to TrendForce, a Taiwanese market research company. During the second
Pernod Ricard Korea, the Korean unit of the global wine and spirits company Pernod Ricard, announced on Sept. 2 that it will recruit new participants of October class for its sustainable bar operation training program ‘Bar World of Tomorrow,’ which has been in operation since January.The Bar World o
South Korean automakers sold 638,744 cars last month, up 12.3 percent from a year ago. Domestic and overseas sales fell 1.1 percent to 105,091 and rose 15.4 percent to 533,653, respectively. For the first eight months of this year, they sold 5,025,253 cars at home and abroad, down 0.8 percent year o
The Australian Competition and Consumer Commission announced on Sept. 1 that it unconditionally approved the Korean Air-Asiana Airlines merger. As a result, the two companies can be merged if it is approved in the United States, the European Union, Japan, China and the United Kingdom.The deliberatio
Federation of Korean Industries Chairman Huh Chang-soo recently sent a letter to U.S. President Joe Biden to express his concerns over the impact of the Inflation Reduction Act on South Korean automakers.“The act has seriously discriminatory elements that will slow down the growth of the EV industry
The private equity fund (PEF) industry is rapidly growing in South Korea. PEFs have acted as problem solvers in the succession processes of large corporations that entail the necessity of avoiding anti-monopoly regulations and making a change in governance structure. In addition, the South Korean go
Short selling in the South Korean stock market is increasing along with the possibility of another economic recession. Short sellers are targeting overvalued stocks and those more vulnerable to recession risks in particular.The Korea Exchange announced on Sept. 1 that short selling in the market tot
While the labor and management of Hyundai Motor Co., Renault Korea and Kia Corp. have ended their wage and collective bargaining talks in peace, GM Korea's management is still at loggerhead with the union.No outcome came from the 17th round of negotiations held on Aug. 25. Since then, their nego
The Russian market is being reorganized, with Chinese products taking the place of global brands, Bloomberg reported on Aug. 30. This is due to Western sanctions on Russia after the Ukraine war in February and the withdrawal of global brands from Russia. According to Chinese customs service authorit
The Ministry of Trade, Industry and Energy released an export competitiveness enhancement strategy on Aug. 31 with South Korea recording a trade deficit for five months in a row. According to the strategy, the government will focus more on China-, semiconductor- and energy-related risks.According to
The South Korean government announced on Aug. 31 that it increased the E-9 foreign worker quota by 10,000 to 69,000 for this year in view of the ongoing worker shortage at shipbuilders and non-large companies.A number of foreign workers’ arrival in South Korea has been indefinitely postponed due to
The International Centre for Settlement of Investment Disputes (ICSID) reached a conclusion on Aug. 31 that the South Korean government must pay US$216.50 million to Lone Star Funds. The government is going to lodge an appeal.“The amount is much smaller than Lone Star’s initial claim of US$4.68 bill
Prime Minister Han Duck-soo said on Aug. 31 that the South Korean government is working on various hydrogen production techniques, including production from nuclear power-based electricity.Han made the comment during a congratulatory speech at the H2 Mobility Energy Environment Technology (MEET) 202
The South Korean government is working on different market strategies to help Korean builders win more overseas infrastructure construction projects. The current annual performance is approximately US$30 billion after the peak of US$71.6 billion recorded in 2010, and the government is aiming to incr
South Korean conglomerate heads born in the 1950s, who led the industrialization of the country, are retiring one after another. The current mainstream is those born in the 1960s, those born in the 1970s are emerging, and those born in the 1980s are following them.In Hanwha Group, the seventh-larges
The author is an analyst of NH Investment & Securities. She can be reached at hzl.lee@nhqv.com. -- Ed. Since June, with access for Japanese customers having improved, Japanese VIP sales at foreigner-only casinos have upped significantly. We see ample room for additional earnings growth as visa waive
The author is an analyst of NH Investment & Securities. He can be reached at pk.park@nhqv.co. -- Ed. China’s dental implant price guidelines state the necessity of separation between service and consumables prices. Consumables represent 10~20% of dental implant procedure prices. At VBP bidding, a ma
The Korean government has revised the power supply plan drawn up by the preceding Moon Jae-in administration, raising the proportion of nuclear power generation from 23.9 percent to 32.8 percent by 2030, while lowering the share of renewable energy-based power generation from 30.2 percent to 21.5 pe