Intel Foundry Services and ARM announced that they would cooperate for mobile chip production and, in the long term, in the automotive, IoT, data center, and aerospace fields.Intel is currently increasing investment in the foundry sector and the cooperation with ARM is expected to boost its competit
The Korea Fair Trade Commission has ordered Google to pay a penalty of 42.1 billion won (US$31.8 million) for having hindered mobile game launches on One Store, a domestically launched app market and an alternative to the Google Play Store.According to the commission, Google provided incentives for
The author is an analyst of NH Investment & Securities. He can be reached at kyeongkeun.kang@nhqv.com -- Ed.As an IT solutions provider, Tomato System mainly focuses on IT systems and UI/UX solutions. Margin improvement is in progress, backed by sales growth for high value-added solutions products.
The author is an analyst of Shinhan Securities. He can be reached at yjjung86@shinhan.com -- Ed. Upward revision of long-term guidance eases peak-out concerns The boom in the auto industry can be confirmed by looking at the data released each month. Recent numbers regarding sales volume, sales mix,
Prestige whisky of Pernod Ricard Korea, Royal Salute, was honored as the double-crown awardee in the whisky category of the ‘2023 Korea Wine & Spirits Awards’. Moreover, with craft bourbon whiskey Rabbit Hole and single pot still Irish whiskey Redbreast, new releases from last year to meet diversifi
The Exynos is an in-house AP of Samsung Electronics, but it was not used in the Galaxy S23 series launched this year. This is because the Galaxy S22 series for 2022 was embroiled in the game optimization service (GOS) controversy last year. The GOS lowers the performance of Galaxy devices when playi
The Nikkei reported on April 4 that a total of 9,862 patents were valid as of the end of last year in the field of innovative battery development for EV and renewable energy. “China owned 5,486 out of the total, followed by Japan (1,192), the United States (719), South Korea (595), and France (128),
The popularity of inexpensive cars is rising in South Korea. For instance, KG Mobility sold 6,601 units of the Torres SUV last month, up 19.8 percent from the previous month. Thanks to the SUV, the company sold a total of 8,862 cars last month, setting a new sales record in 28 months. The price of t
South Korea ranked 198th out of 208 countries in terms of trade balance for January to November last year.In that period, South Korea's trade deficit was US$42.5 billion. The deficit was US$47.2 billion in 2022 as a whole. Given this, the ranking at the end of last year may be lower. For referen
The United Kingdom is expected to join the Comprehensive and Progressive Trans-Pacific Partnership (CPTPP) on March 31. With China, Taiwan, Ecuador, Costa Rica, Uruguay, and other countries expected to join it, the members are trying to determine how to negotiate with China and Taiwan.The 11 members
Leading global tiremaker Hankook Tire will enter the 2023 Major League Baseball (MLB) season as the league’s Official Tire in the U.S. and South Korea.An official partner of MLB since 2018, this year, the Hankook logo will be featured in signage behind home plate in select games, along with other ma
Statistics Korea announced on March 29 that South Korea's greenhouse gas emissions are the sixth-largest in the OECD while its renewable energy-based power generation is at the bottom in it.According to its report, South Korea's total greenhouse gas emissions were 656.22 million CO2eq in 202
The Korea International Trade Association said on March 28 that South Korea’s trade deficit with China totaled US$5.0731 billion in January and February this year.Five years ago, South Korea recorded its largest trade surplus with none other than China. However, its trade surplus with China dropped
Samsung Electronics Chairman Lee Jae-yong visited China for the first time in three years. Specifically, he visited Tianjin, which is home to Samsung Group’s electronics affiliates, to check their local business operations. Tianjin has a Samsung Electro-Mechanics multilayer ceramic capacitor (MLCC)
South Korean enterprises’ overseas reserves decreased in January this year, which means their money transferred to South Korea exceeded their revenue from overseas direct investment. It is said that South Korea’s new corporate tax scheme for double taxation mitigation played a role.According to the
As a gateway to Korea, Incheon is a city open to the world as it boasts both Incheon Port and Incheon International Airport. It is growing into a world-class city with a population of 3 million, including wide plains and mountains, the sea, and numerous islands large and small. Business Korea conduc
Samsung Electronics established an Advanced Package (AVP) organization in charge of packaging technology and product development in December of last year. The Korean semiconductor giant announced its goal to go beyond the limits of semiconductors with advanced packaging technology.“We at the AVP Bus
A possibility is being raised that Hyundai Steel may withdraw its subsidiary from Russia following its exit from Beijing, China. This is because the operation of Hyundai Motor's plant in Russia has been halted due to the prolonged war between Russia and Ukraine.According to industry sources on M
Robots are rapidly emerging as a hot next-generation item in technological competition between Samsung Electronics and LG Electronics, two powerhouses in the Korean electronics industry.“We will strengthen preemptive responses to the robot era that will begin in earnest in the future,” said Han Jong
South Korean President Yoon Suk-yeol and Japanese Prime Minister Fumio Kishida met on March 16. After the summit, the Japanese government announced it would lift its export ban against South Korea and the South Korean government announced it would terminate its WTO litigation related to the ban.The