At CES 2024, held from Jan. 9 to 12 in Las Vegas, Nevada, in the U.S., SK telecom is showcasing transformative AI technologies designed to alter everyday life.Located in the Central Hall of the Las Vegas Convention Center, SK Group’s exhibition booth featured a Magic Carpet attraction, embodying Urb
SK hynix announced that President and CEO Kwak No-jung held a media conference in Las Vegas, U.S., a day before the opening of CES 2024, on Jan. 8 (local time). The theme of the conference was “Memory, The Power of AI.”In the meeting with major domestic and international journalists, President Kwak
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
Doosan Group announced on Jan. 9 (local time) that it held a press conference ahead of the opening of CES 2024 in Las Vegas in the U.S. on Jan. 8 (local time).The event was held at the Mandalay Bay Convention Center in Las Vegas with the attendance of more than 200 media employees from around the wo
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
SK hynix has successfully issued a US$1.5 billion dollar-denominated bond.According to foreign reports on Jan. 9, SK hynix conducted demand forecasts for dollar bonds in Asia, Europe, and the United States the previous day and confirmed the issuance of a US$1.5 billion bond. The issued dollar bonds
Hyundai Motor India Limited (HMIL), announced Rs 6 180 Crore investment plans in the state of Tamil Nadu (this includes Rs 180 crore towards a dedicated ‘Hydrogen Valley Innovation Hub,’ in association with IIT- Madras). This is in addition to the Rs 20 000 Crore investment planned in a phased manne
Hyundai Motor Company today presented its vision for a hydrogen-powered, software-driven transformation beyond mobility applications at CES 2024. Under the theme ‘Ease every way,’ the company held its Media Day at the Mandalay Bay Convention Center in Las Vegas to highlight its future blueprint for
In 2023, overseas construction orders totaled US$33.31 billion, exceeding US$30 billion for the fourth consecutive year. However, it is just short of the target of US$35 billion.According to the Ministry of Land, Infrastructure, and Transport (MOLIT) on Jan. 8, 321 Korean overseas construction compa
Starting from the second half of this year, South Korean companies will have the option to settle export and import payments in Korean won when engaging in trade transactions with certain countries from the Association of Southeast Asian Nations (ASEAN). This move is expected to allow businesses to
In the fourth quarter of last year, the annual performance of South Korea’s largest container shipping company HMM and bulk carrier operator Pan Ocean plummeted due to a slump in the shipping industry.According to financial information firm FnGuide on Jan. 8, the estimated performance consensus for
Despite a record influx of foreign workers, South Korea’s small and medium-sized enterprises (SMEs) are still facing a labor shortage.According to a comprehensive survey on foreign labor employment conducted by the Korea Federation of Small and Medium Business (K-Biz), 29.7% of the 1,200 SMEs employ
Hanwha Aerospace will borrow 400 billion won (US$304 million) and pay off all of its debts with the funds. Analysts say that the company will feel the burden of investing 1.3 trillion won to acquire Hanwha Ocean in 2023 more acutely.Hanwha Aerospace announced on Jan. 5 that it has finalized the issu
The author is an analyst for NH Investment & Securities. He can be reached at youngryu@nhqv.com -- Ed.SK Hynix is expected to post stable results, aided by earnings for high-performance memory products such as DDR5 and HBM, thanks to its superior technological competitiveness. Demand for high-perfor
Previously dedicated to producing pouch-type batteries, SK on has now embarked on the development of the “4680 battery,” a product Tesla has successfully made a game-changer in the electric vehicle (EV) market. This move to broaden its portfolio by adding cylindrical batteries follows its success wi
The Korean government will increase an influx of foreign workers to industrial sites and rural areas suffering from labor shortages in 2024 to more than 260,000 from 170,000 in 2023 in response to the Korea’s population crisis and labor shortage, according to the Korean Government’s Economic Policy
More than four out of 10 listed companies in Korea were unable to pay interest with money they made, according to a recent survey. High interest rates and stagflation worsened the business environment, raising red flags on their financial conditions.As of the third quarter of 2023, 710 of 1,674 list
Following the United States, South Korea has also issued a voluntary corrective action (recall) for all Tesla vehicles equipped with the Autopilot autonomous driving assistance feature.The Ministry of Land, Infrastructure and Transport of South Korea announced on Jan. 4 that they are recalling a tot
The 42nd JP Morgan Healthcare Conference is set to take place from Jan. 8 to 11 in San Francisco, California, in the U.S. This annual event, held every January, is renowned as the world’s largest healthcare investment venue where major global pharmaceutical companies, emerging biotech firms, and pro