Seo Jung-jin, chairman of Celltrion Group, met with foreign investors and institutional partners to present the blueprint for the group’s merger and its future vision. On Sept. 11 (local time) in New York, Chairman Seo attended the “21st Morgan Stanley Global Healthcare Conference” where he had a di
Answering AI startup, 42Maru, announced its participation in Global Mobile Vision 2023 (GMV 2023) to be held at the Grand Hyatt Seoul from Sept. 12 to 13.Celebrating its 16th year, GMV 2023 is an ICT-focused export consultation event hosted by KOTRA in collaboration with institutions such as Naver C
'H2 MEET 2023', the world's largest hydrogen industry exhibition, will host its largest-ever event at KINTEX 1 in Goyang, Gyeonggi Province for 3 days from Wednesday, September 13 to Friday, September 15.This exhibition is hosted by the H2 MEET Organizing Committee (Chaired by Nam-hoon Kang, Chairma
Tensions are escalating in the battery market as Chinese companies consistently establish factories in the U.S., leading to some speculating that the Biden administration’s electric vehicle policy has shifted from a “complete exclusion” of China to a “partial allowance.”According to foreign media an
South Korea and China’s shipbuilding industries are fiercely competing for next-generation eco-friendly methanol-fueled ships.According to foreign media reports on Sept. 11, the Brazilian mining company Vale is proceeding with a project to order up to 12 very large ore carriers (VLOCs) powered by me
China has received recognition from the American Bureau of Shipping (ABS) and others for its world-leading technological capabilities in the field of ultra-large liquefied natural gas (LNG) carriers, noting it as the largest in the world.According to industry sources and foreign reports on Sept. 9,
As the power struggle between the U.S. and China continues, recent moves by Middle Eastern countries, long-standing allies and the largest weapon importers from the U.S., are noteworthy.According to industry sources and foreign media on Sept. 9, Saudi Arabia, Qatar, Kuwait, and the United Arab Emira
As tensions intensify between the U.S. and China over smartphones equipped with Huawei’s self-developed 5G chips, uncertainty surrounding the Chinese plants of Samsung Electronics and SK hynix is expected to deepen.According to industry sources and foreign media on Sept. 10, after Huawei unveiled tw
Foreigners switched to selling in the Korean stock and bond markets in August. Foreigners sold more than 1 trillion won worth of Korean stocks in August alone, pushing down their share of listed Korean stocks to the lowest point this year.According to a report about August 2023 foreigner Korean stoc
Korea’s current account posted a surplus for the third consecutive month in July, but it was a recessionary surplus as imports fell more than exports. In particular, a surge in overseas travel led to a larger deficit in the travel account, making the size of the service account deficit 36 times larg
Specialized patent examiners in the field of semiconductors, which has acquired crucial technologies over more than 30 years in private semiconductor companies such as Samsung Electronics and SK hynix, are being further expanded this year to contribute to securing the nation’s competitiveness. Parti
South Korea and Japan are set to resume their regular financial supervision meetings, or shuttle meetings, that had been suspended since 2017. Financial Services Commission (FSC) Chairman Kim Joo-hyun plans to visit Japan in early October to discuss expanding financial exchanges. This development co
Of the 1.75 million foreigners living in South Korea in 2022, two out of 10 faced discrimination at shops, restaurants, banks, and workplaces, according to a survey by Statistics Korea.Statistics Korea’s Statistics Research Institute released the results of its analysis on “Foreign Residents’ Lives
The Financial Supervisory Service (FSS) has called on foreign securities firms to make self-cleaning efforts to eradicate recurring illegal naked short selling. This means that the FSS has urged the foreign securities firms to learn how Korea’s regulations differ from international practices and to
Hanwha Group Vice Chairman Kim Dong-kwan, who orchestrates Hanwha’s solar power business and projects, has succeeded in securing a polysilicon supply chain in the North American market. Experts regard this as the final piece of the puzzle for the completion of the Solar Hub Project, the largest sola
In response to the United States’ semiconductor sanctions, China’s “Semiconductor Self-Reliance” strategy is gradually coming to the surface. Given the immediate challenge of countering U.S. sanctions, China is discreetly pouring substantial funds into attracting overseas semiconductor talent. Furth
China is devising strategies to bypass the United States in both semiconductor and electric vehicle (EV) battery sectors. As the Joe Biden administration seeks to exclude China through the Inflation Reduction Act (IRA), Chinese companies are entering full-fledged efforts to neutralize the U.S. block
It has been revealed that foreign currency loans extended by South Korea’s top four banks have swelled to nearly 91 trillion won (US$68.27 billion) this year, with an increase of nearly 1 trillion won. This surge is attributed to the apprehension among businesses, driven by the continued volatility
As of the end of August this year, South Korea’s foreign exchange reserves were recorded at US$418.3 billion. This marks a decrease of US$3.5 billion compared to the previous month.On Sept. 5, the Bank of Korea announced the size of foreign exchange reserves and attributed the decrease to primarily
Mirae Asset Global Investments’ Indian subsidiary announced on Aug. 6 that it has completed an investment in a large-scale logistics center covering about 46,450 m² located in Mumbai.This marks the second deal after the company, as the first foreign asset management firm to enter India, directly inv