The Financial Supervisory Service (FSS) has announced plans to conduct a comprehensive investigation aimed at eradicating the common practice of illegal short selling by global investment banks (IBs).In its business plan announced on Feb. 5, the FSS stated, “We will crack down on market disruptions
It has been belatedly confirmed that an Indonesian researcher working on secondment at Korea Aerospace Industries (KAI) is being investigated for alleged leakage of data related to the South Korean supersonic fighter jet, the KF-21 “Boramae.” It has been reported that a total of 49 files were discov
Expectations of an increase in the corporate value of domestic listed companies are attracting foreign capital to the South Korean stock market. Particularly, there is a concentrated buying interest in automotive stocks, including Hyundai Motor, and growth stocks in industries such as artificial int
The author is an analyst for NH Investment & Securities. He can be reached at sw.kang@nhqv.com -- Ed.While Secretary Yellen's key goal in 2023 was to secure TGA cash despite a massive fiscal deficit, the one for 2024 is to be improving the fiscal balance by using the tax revenue surplus. This implie
Overseas organizations that conduct joint research with Korean institutions will be able to directly participate in Korea’s national R&D projects as lead and joint R&D organizations.To ease the burden of R&D expenses for companies conducting international joint research, international joint R&D expe
ONDA, a South Korean hospitality technology startup, has forged a strategic partnership with Dunqian International, a leading Taiwanese hotel group, to promote tourism in Taiwan.ONDA announced it has signed a Memorandum of Understanding (MOU) with Dunqian International, Taiwan's leading smart hotel
The South Korean battery industry, on the brink of achieving an annual export milestone of US$10 billion, has seen a slowdown in its growth momentum. This deceleration is attributed to a reduction in battery demand due to a slowdown in electric vehicle (EV) demand, along with the relocation of produ
The government plans to allocate 910 billion won (US$679.87 million) to a seed fund, intending to establish a 1.7 trillion won venture capital. Notably, the government’s investment is scheduled to be executed entirely within the first quarter, providing a ray of hope for the cash-strapped venture in
The upcoming introduction of Alibaba Group’s B2B shopping platform “1688.com” to the domestic market has raised concerns within the domestic e-commerce industry. The sector is already grappling with the competitive pricing strategies of Chinese direct procurement platforms such as AliExpress and Tem
Hana Securities announced on Feb. 1 that it is establishing a foreign investment solution team to expand its customer base to non-resident foreigners.Last year, the foreign investor registration system, which had been criticized as one of the obstacles for foreign investors in domestic investments,
The U.S. International Trade Commission (ITC) has rejected a summary judgment application by Hugel, which had asserted that there was no dispute in its ongoing legal battle with Medytox over the source of a botulinum toxin strain.According to industry sources on Feb. 1, the ITC’s decision to deny Hu
The U.S. semiconductor equipment industry has voiced the opinion that companies from allied countries, including South Korea and Japan, should also be subject to the same level of comprehensive regulations that they face in the process of exporting to China. There is speculation within South Korea t
ASML Korea’s President, Lee Woo-kyung, disclosed before attending the SEMICON Korea 2024 Industry Leadership Dinner held at the Grand InterContinental Seoul Parnas in the Gangnam district of Seoul, on the last day of January, “We are looking at the year 2027 to bring in the High-Numerical Aperture (
Airport Railroad has launched pre-online transportation card sales from February 1st to inhance the transfer convenience for Express train passengers at Seoul Station.Passengers using the Express train faced a lengthy and complex transfer process as they had to exit the gate at Seoul Station with th
IMM Investment has joined the United Nations Principles for Responsible Investment (UN PRI) to strengthen responsible investment.As of January 2024, IMM Investment announced that it officially signed and completed the formal membership process with the UN PRI. IMM Investment stated that the membersh
The Consumers Union of Korea (CUK) revealed on Feb. 1 that consumer complaints related to AliExpress, an e-commerce platform operated by China’s Alibaba, have surged significantly.According to the CUK, the Consumer Consultation recorded a fivefold increase in complaints related to AliExpress last ye
Last year, South Korea’s online shopping transactions nearly reached 230 trillion won (US$172.67 billion), setting a new all-time record. The surge was attributed to a sharp increase in travel demand and the unprecedented milestone of overseas direct purchases surpassing 6 trillion won for the first
Cho Dong-chul, the president of Korea Development Institute (KDI), publicly issued a stark warning on government debt, going so far as to state, “The country will collapse.” In particular, he cautioned that South Korea’s national debt-to-gross domestic product (GDP) ratio could skyrocket to over 250
The pharmaceutical patent disputes between domestic biosimilar companies and original pharmaceutical firms are escalating.According to industry sources on Jan. 31, Samsung Bioepis and Celltrion are embroiled in patent disputes with original pharmaceutical companies.Alexion Pharmaceuticals, a subsidi
Hanwha Ocean and Hanwha Aerospace presented their state-of-the-art defense technologies to Dr. David Perry, President of the Canadian Global Affairs Institute (CGAI), who visited Hanwha facilities from January 23-24. The CGAI is recognized as Canada’s leading source of expertise on global affairs an