Samsung Electronics has decided not to collect Samsung Pay fees from credit card companies. While Apple has begun collecting fees for Apple Pay, Samsung Electronics had also considered imposing charges. However, to alleviate the burden on credit card companies struggling with deteriorating profitabi
Samsung Foundry, the semiconductor outsourcing division of Samsung Electronics, has embarked on a chip research project with leading semiconductor startups in the global artificial intelligence market.According to industry sources on July 19, Samsung Foundry has recently launched Research & Developm
Daewoo E&C announced on July 17 that the economic delegation from Turkmenistan, including the deputy prime minister, the president of the Foreign Economic Bank, and the chairman of Turkmenhimiya, visited the Daewoo E&C headquarters in Euljiro during their visit to Korea on July 16 for a meeting with
Amorepacific announced on July 19 that it has become the first Korean company to join the International Collaboration on Cosmetics Safety (ICCS).The ICCS, which was launched in February this year, is a global initiative comprising cosmetics manufacturers, industry associations, and animal protection
GC Biopharma Corp. announced on July 18 that its quadrivalent influenza vaccine “GCFLU Quadrivalent Pre-filled syringe inj.” has received product approval from the Egyptian Drug Authority (EDA).This is the first time the company’s quadrivalent influenza vaccine has received product approval in the A
Elliott Management, a U.S.-based private equity fund, criticized the South Korean government’s decision to file an appeal lawsuit against an international investment dispute decision, saying that “the rejection of the decision sends the wrong message that South Korea is tolerant of corruption.” The
HD Korea Shipbuilding & Offshore Engineering, the mid-tier shipbuilding holding company of Hyundai Heavy Industries, announced on July 19 that it recently signed a shipbuilding contract with Greece’s Capital Maritime Group for two 22,000 cubic meter-class Liquid CO2 (LCO2) carriers totaling 179 bill
Medytox announced on July 19 that it has signed a supply contract with Vietnamese local distributor PCVN for Neuraderm. PCVN, with over 500 hospitals and spas across Vietnam as its main points of sale, is a medical device and cosmetics distributor that supplies its own brands and partner company pro
The author is an analyst for NH Investment & Securities. She can be reached at eunsang.lee@nhqv.com -- Ed.Shinhan Alpha REIT is expected to pay out special dividends following the sale of Yongsan The Prime Tower. Amid tight office supply-demand, the company is actively hiking rents. However, rising
The author is an analyst for NH Investment & Securities. He can be reached at minjae.lee@nhqv.com -- Ed.With an equipment defect issue that arose last year now being resolved, the share of power generation in France represented by NPPs has recovered to the 72% level. Once the competitiveness of Élec
The author is an analyst for NH Investment & Securities. He can be reached at esshim@nhqv.com -- Ed.Due to a reported breach of Genians’ NAC solution, investor sentiment towards the firm has worsened, resulting in a share price plunge. However, no damage has been confirmed, and related business impa
It has been pointed out that the prices of carbon credits that companies with excessive greenhouse gas emissions must purchase have dropped significantly, making the system less effective. In other countries, such as the European Union (EU), their prices are on the uptick due to the strengthening of
The smartphone usage rate among Koreans has reached 97 percent according to a recent survey.Korea Gallup announced on July 18 that it asked 1,001 people aged 18 or older nationwide whether they used a smartphone from July 11-13. Ninety-seven percent said they did.According to the poll, 69 percent of
Amid a spate of recent attempts to leak major industrial technologies such as semiconductor and display technologies overseas, the Korean government has proposed a bill to strengthen penalties for technology leakage. While some voiced that the sentencing guidelines of the law should be strengthened
Hyundai Motor will not participate in the international motor show IAA Mobility to be held in Munich, Germany this September. It will mark the first time in 20 years that Hyundai has not participated in the event, which is better known as the Frankfurt Motor Show, one of the world’s four major auto
Aiitone (CEO Jin Yeop Lee, 230980), a KOSDAQ-listed company, recently successfully completed the performance test of their block chain acceleration engine.It was announced on the 19th that Aiitone, a company specializing in web 3.0 technology, recently requested the Korea Telecommunications Technolo
U.S. chipmakers including Intel, Qualcomm, and Nvidia have reacted to U.S. President Joe Biden’s anti-China semiconductor export control policy. They have begun to speak about the news that the Biden administration is preparing additional semiconductor export control measures amid the escalating con
Between 2013 and 2015, during China’s economic boom, the business outlook in China was rosy for South Korean corporations. Exports to China increased, leading to an upsurge in investment. However, companies overly dependent on China have encountered significant difficulties barely a decade later.Ind
E1, a Liquefied Petroleum Gas supplier, has secured clean ammonia from Canada. E1 plans to transport the hydrogen secured in Canada in the form of clean ammonia and use it for the hydrogen charging station business, which is currently under development.On July 18, E1 announced that it had signed an
Mirae Asset Global Investments announced on July 18 that the net assets of ETFs it manages worldwide have exceeded US$100 billion.As of July 18, Mirae Asset Global Investments manages 538 ETFs in 14 regions worldwide, including Korea, the United States, Canada, Australia, and Japan. The total net as