During the Lunar New Year holiday, Lee Jae-yong, chairman of Samsung Electronics, visited the Samsung SDI battery manufacturing facility in Malaysia, emphasizing the need for bold investments despite challenges. On Feb. 12, Samsung Electronics reported that Chairman Lee, having arrived in Malaysia o
Due to the severe downturn in the global commercial real estate market, overseas real estate mutual funds are rapidly emerging as a new potential catalyst in the financial market. With recent one-year returns plummeting to as low as -80 percent, there are signs indicating the looming realization of
South Korea’s aircraft exports exceeded US$1 billion for the first time in history last year. The successful export of FA-50 fighter jets to Poland is considered to have contributed significantly to this achievement.According to the Korea International Trade Association on Feb. 10, South Korea’s air
Pharmaceutical companies are expanding their presence into Southeast Asia, particularly Indonesia and Vietnam. There is a high preference for Korean products and a high growth potential in these markets, leading to strong optimism about the possibility of expansion. Among these countries, Indonesia
On Feb. 7, KB Financial Group was selected as the only domestic financial institution to achieve the highest rating, “Top 1%,” in the “2023 Corporate Sustainability Assessment” announced by U.S.-based Standard & Poor’s Global (S&P Global).The highest rating of “Top 1%” in the “2023 Corporate Sustain
SK Earthon is securing investment funds for future growth engines by selling its stake in Peru LNG Company, LLC.On Feb. 7, the company signed a stake transfer agreement with MidOcean Energy to sell 20 percent of its stake in Peru LNG for US$256.5 million.Peru LNG is a company that owns a liquefied n
President Yoon Suk-yeol reiterated the importance of adopting a global standard to address the “Korea Discount,” which indicates the undervaluation of the domestic stock market, during his televised speech on Feb. 7. This has sparked increased interest in low price-to-book ratio (PBR) stocks among i
Apple is accelerating the development of a “foldable iPhone,” entering the foldable phone market pioneered by Samsung Electronics with its Galaxy Fold five years ago.The Information, a specialist IT media outlet, reported on Feb. 7 (local time) that Apple is developing prototypes of a clamshell-shap
Samsung has not officially responded to the news that prosecutors are appealing the court’s decision to acquit Samsung Electronics Chairman Lee Jae-yong. However, there’s an atmosphere of tension as the reality of him not yet being free from legal risks looms.The Seoul Central District Prosecutors’
The domestic copper foil industry is strategically increasing investments in North America and Europe, aiming to gain a competitive advantage over China, which is launching a low-cost offensive in the medium to long term.As of Feb. 7, industry sources indicate that Lotte Advanced Materials plans to
Last year, Taiwan Semiconductor Manufacturing Company (TSMC) achieved the top spot in semiconductor sales worldwide for the first time. On Feb. 6, Taiwan News reported that TSMC, established in 1987, has become the leading semiconductor sales company for the first time.According to TriOrient Investm
Samsung Biologics has announced a collaboration with LegoChem Biosciences for the development of Antibody-Drug Conjugate (ADC) therapeutics.On Feb.7, Samsung Biologics revealed it had entered into a new Contract Development Organization (CDO) agreement with LegoChem Biosciences (hereinafter referred
LG Chem has signed a massive cathode material supply contract worth 25 trillion won with General Motors (GM). With the U.S. Tennessee cathode material plant at its core, LG Chem plans to strengthen its cooperation in the North American market alongside GM.LG Chem announced on Feb. 7 that it had sign
Kim Joo-sun, president of SK hynix, who is in charge of the newly established artificial intelligence (AI) infrastructure, announced on Feb. 7, “We will continue to ensure that no one doubts the proposition ‘AI memory equals SK hynix’ by enhancing communication and partnership to maximize the value
Coway Co., Ltd., the “Best Life Solution Company,” has released its financial results for the fourth quarter and fiscal year 2023."We’re proud to have achieved such a successful 2023, even in the face of significant challenges present in both domestic and international markets. Our stable performanc
Hyundai Glovis has secured four of the world’s largest pure car and truck carriers (PCTCs). They are expected to help alleviate a shortage of vessels for the Korean automobile industry.Hyundai Glovis announced on Feb. 6 that it signed a memorandum of understanding (MOU) with Korea Ocean Business Cor
Despite a slowdown in the growth of electric vehicles, it was revealed that the usage of electric vehicle batteries increased by 38.6 percent last year compared a year earlier. Chinese companies CATL and BYD jointly secured the top two positions in the global market. The market share of South Korea’
Until 10 years ago, there was no semiconductor company in the world that could rival Samsung Electronics. In 2011, it surpassed Intel to become the global leader in the semiconductor market in terms of capitalization. By 2012, it rose to fifth place among global information technology (IT) companies
Shinhan Financial Group announced on Feb. 7 that it has received the “Leadership A” rating in the CDP Climate Change category announced by the Korean Committee of the Carbon Disclosure Project (CDP) on Feb. 6, making it the only domestic financial institution to achieve this distinction.CDP is a glo
Hyundai Engineering & Construction announced on Feb. 7 that it has been awarded the highest grade in the climate change response sector, “Leadership A,” by the Korean Committee of the Carbon Disclosure Project (CDP), a global sustainable management evaluation organization.Leadership A is a grade awa