Hanwha Systems (CEO: Sung-Chul Eoh) released images of various locations on Earth taken by its small SAR satellite on April 18th, successfully launched on December 4th, 2023.The images taken by Hanwha Systems' small SAR satellite were transmitted from an altitude of 650 kilometers above the Earth. T
With U.S. President Joe Biden directing the Office of the U.S. Trade Representative (USTR) to triple tariffs on Chinese steel and aluminum, attention is turning to impacts the action will have on Korea’s steel industry.According to the Korean government and the Korean steel industry on April 17, the
After years of double-digit growth, the global electric vehicle market is entering a chasm, considered to be a slowdown in demand just before mass adoption. Global automakers that have been aggressively investing to expand their electric vehicle lineups are scrambling for survival by making use of a
The market capitalization and operating profit of South Korea’s top 100 companies have been surpassed by those of their counterparts in Taiwan. This reversal comes as TSMC outpaced Samsung Electronics in operating profit in 2022, leading to a widening gap between the two representative companies.Acc
The finance ministers of South Korea and Japan jointly announced that they could take appropriate measures to address recent volatility in the foreign exchange markets, signaling a readiness for “verbal intervention.” It appears that South Korea and Japan are joining hands to engage in a “currency w
HD Hyundai Heavy Industries announced on April 16 that it had signed a contract worth 640.6 billion won to jointly construct four naval vessels with the Peruvian state-owned SIMA Shipyard. Selected as the priority negotiating partner at the end of last month, the contract was formalized within appro
Tension was palpable in front of Samsung Electronics’ DSR Tower in Hwaseong, Gyeonggi Province at noon on April 17. It marked the first collective action in the history of Samsung, initiated by the National Samsung Electronics Union (National Samsung Union), with an event named “Gather 1,000.” The o
The water industry is generally defined as the business of producing and supplying potable water and industrial water needed for households and industries, as well as transporting and treating wastewater. The water industry is expected to steadily grow due to factors such as worsening water scarcity
Upstage, a pioneering AI company specializing in large language models (LLMs) and Document AI, today announced that it has raised $72 million in a Series B. With this latest investment, Upstage has now raised over $100 million since its founding in October 2020, making it the most-funded South Korea
In the global competitive race for artificial intelligence (AI) technology, South Korea is losing its core competitive edge as top talent is turning away from the country. Foreign companies, with their overwhelming financial power, are successfully attracting these skilled individuals.According to t
In the midst of U.S. President Joe Biden emphasizing Texas as a pivotal player in the advanced semiconductor ecosystem due to Samsung Electronics’ significant investment, a competitive landscape with Arizona, which is attracting TSMC plants, is anticipated. The battle between Texas and Arizona could
Domestic semiconductor design houses are accelerating their expansion into the global market with plans to diversify their revenue sources by targeting overseas fabless semiconductor design companies.Industry sources revealed on April 16 that Samsung Electronics’ Foundry Business Unit’s Design Solut
Samsung Electronics announced on April 15 that it is investing US$40 billion in its semiconductor factory in Taylor, Texas, which is more than double its initial plan of US$17 billion. The U.S. government has offered a higher subsidy ratio (16% or US$6.4 billion) compared to Intel and TSMC, and the
It has been more than a month since AliExpress received a voluntary agreement proposal from the Korea Consumer Agency (KCA) to block hazardous and harmful products but the agreement has not yet been signed yet. Recently, AliExpress has been caught selling deleterious products one after another and i
Amid the surge in the Korean won against the U.S. dollar, reaching close to 1,400 won, dividends from listed companies, often heavily held by foreign investors, are continuing to flow. During this period, foreign investors are set to receive dividends totaling over 6 trillion won. If foreign investo
Starting this year, the Restricted Stock Unit (RSU) agreements agreed upon by the heads of conglomerates and their family members will be subject to mandatory disclosure. Consequently, companies affiliated with major corporate groups are obligated to disclose the status of RSUs, not only for listed
A forecast suggests that SK hynix’s operating profit is expected to surge to around 2 trillion won, marking a turnaround to profitability compared to the same period last year, ahead of the earnings announcement scheduled for April 25.According to financial information provider FnGuide on April 16,
On April 16, SK networks announced through the electronic disclosure system that it has selected Affinity Equity Partners, a Hong Kong-based private equity fund (PEF) manager, as the preferred bidder for the sale of its subsidiary, SK rent-a-car, which is the second-largest car leasing company in So
The scale of The Line project in Saudi Arabia is expected to be significantly reduced compared to the original plan. The Line is a large-scale project that was expected to cost up to 700 trillion won. As a result, Korean builders are expected to significantly lower the level of their anticipation fo
Despite major overseas luxury brands achieving astronomical sales figures in South Korea last year, it has been revealed that many of them either reduced their donations or completely abstained from contributing compared to the previous year. This trend suggests a confidence among these brands that