The South Korean government has decided to submit its application for membership in the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) in April next year.In this regard, the government is planning to form a preparatory task force and have pre-negotiations with the CPTP
LG Electronics announced on Dec. 21 that it will launch its plugless StandbyMe TV in major Asian countries, including Hong Kong, Singapore, and Vietnam.Sales of the battery-powered TV will begin in Hong Kong in December and in Singapore and Vietnam in January next year. In Vietnam, pre-orders have a
The Korea Enterprises Federation said in its report on Dec. 16 that the Act on the Punishment of Serious Accidents scheduled to become effective on Jan. 27 is excessive on the part of employers and policies for preventing industrial accidents will be more effective than the act.In the report, the fe
Reuters reported on Dec. 11 that the European Commission is unlikely to approve Hyundai Heavy Industries Group’s acquisition of Daewoo Shipbuilding & Marine Engineering. According to the report, this is because the former failed to come up with a solution to potentially limited competition.The Europ
The Korea Exchange announced on Dec. 9 that a KRX-CSI joint index would be announced on Dec. 20.The Korea Exchange and the Shanghai Stock Exchange signed a memorandum of understanding in May for further cooperation in capital markets. The new index is a part of the MOU and will cover South Korean an
XSamsung was set up two months ago by entrepreneurs and financiers who worked for Samsung in the past. At present, the number of its members is more than 600, and they are running unicorns, heading major global companies and working for leading investment firms in Seoul, Singapore, New York, Silicon
POSCO International has established a holding company in Singapore to expand its food business.The company announced on Dec. 8 that it established a holding company named AGPA in November. POSCO International will hand over an 85 percent stake in its palm farm in Indonesia to the holding company by
Korea is ranked fifth in the world in terms of digital potential, the Nihon Keizai Shimbun (Nikkei) reported on Dec. 7, quoting a survey conducted by the Japan Center for Economic Research (JCER).The survey selected Korea as a leading country in digital transformation (DX), which will determine econ
AIA Korea has announced a number of new key features on the AIA Vitality app based on customer insights and relevant trends.AIA Vitality members can now measure and get points for 7+ hours of sleep and their COVID-19 vaccine certification. Korea’s #1 food delivery platform “Delivery Hero” will be av
The Korea Institute for International Economic Policy said in its recent report that more thorough supply chain risk management is required regarding South Korean industrial items highly dependent on Japan and more long-term efforts are required for source technology development and supply chain div
Seoul’s living expenses were the 12th-highest among major cities in the world. Seoul eclipsed Tokyo (13th), Finland’s Helsinki, and Britain’s London (17th) in living expenses.Tel Aviv, the capital of Israel, is the most expensive city to live in, according to the World Cost of Living (WCOL) Rankings
The Born2Global Center announced on Nov. 30 that its member company, VisualCamp, was named one of the three grand finalists in the Frontier Digital Technology sector of SLINGSHOT 2021, a startup pitching contest in Singapore.SLINGSHOT is an event held as part of Singapore Week of Innovation and Tech
Hyundai Steel plans to spearhead carbon reduction by replacing its fleet of raw material carriers with eco-friendly ships.Hyundai Steel announced on Nov. 24 that it has started to operate its first eco-friendly raw material carrier, “HL Oceanic,” which was built by Hyundai Samho Heavy Industries in
The United States announced that it would form a new economic framework in the Indo-Pacific region early next year while organizing a new trade council with Japan. According to experts, both are to suppress the influence of China. The announcement was made the day after the first online summit betwe
Rsquare, a company that offers commercial real estate market information, has raised US$72 million in Series C funding from Stick Investment.The company raised the funds to expand its presence in the Southeast Asian market, such as Vietnam and Singapore.The latest funding came two years after the co
The author is an analyst of NH Investment & Securities. He can be reached at ys.jung@nhqv.com -- Ed. In October, international passenger traffic upped 58% y-y, continuing on a recovery track. Cargo traffic volume hit an all-time high. International flights have been gradually resuming since November
AIA Korea has launched its (Non-par) AIA Vitality Diamond Wealth Variable Universal Life Product.This product is offered to those between age 15 to 70 with payment of single premium between 10 million won and 9.9 billion won. The attachable rider to this policy, (Non-par) AIA Vitality Single Level T
The IMF said in its recent report that South Korea’s national debt-to-GDP ratio is likely to reach 51.3 percent at the end of this year and 66.7 percent at the end of 2026 and the rate of increase, 15.4 percentage points, is the highest among those of 35 countries classified as advanced economies.Ac
Solid Energy System (SES), a U.S. battery startup which received investments from Korean conglomerates, including Hyundai Motor, SK and LG, has unveiled its next-generation lithium metal battery, which it aims to commercialize by 2025.The company currently has its headquarters in Singapore and test
Thailand, Singapore, Brunei, Laos, Cambodia and Vietnam as six ASEAN members submitted their ratification instrument regarding the Regional Comprehensive Economic Partnership (RCEP) to the secretariat of the ASEAN on Oct. 28.The RCEP agreement becomes effective 60 days after ratification instrument