The landscape of venture investment, including startups and other unlisted companies, has undergone significant changes after enduring a cold spell lasting more than a year and six months. Instead of Software as a Service (SaaS), the rise of manufacturing industries such as semiconductors has become
President Yoon Young-jun of Hyundai E&C expressed his intention to focus the company’s capabilities more on overseas markets than the domestic market in the new year.In his New Year’s address on Jan. 2, President Yoon stated, “Despite the dark clouds over the construction market due to the triple ch
According to the Korea Securities Depository on Dec. 17, the cumulative settlement amount for the sale of foreign stocks by domestic investors has reached US$137.05 billion as of Dec. 14 since the beginning of this year. This figure surpasses the corresponding purchase settlement amount of US$135.97
비지니스코리아 Jasmine Choi (pr@businesskorea.co.kr)Chinese panel manufacturer BOE is poised to overtake Samsung Display as the world leader in foldable panels by the end of the year, propelled by the aggressive market expansion of Chinese smartphone makers.Market research firm DSCC reported on Dec. 7 that
An analysis has emerged suggesting that the Morgan Stanley Capital International (MSCI) Korea Index is poised to experience a 20 percent increase in the coming year.On Nov. 26, Bloomberg Intelligence (BI), a research institution under Bloomberg, projected a 58 percent increase in the total earnings
Koreans spent more than 104.4 billion minutes on YouTube in October, according to a survey.WiseApp-Retail Goods, a company that analyzes mobile applications and retail, announced on Nov. 15 that it surveyed Korean smartphone users on their YouTube usage time. The survey was conducted among 51.2 mill
Samsung Electronics and SK hynix are igniting a market recovery for NAND flash, which has been slower to rebound compared to DRAM, by transitioning processes and reducing production.On Nov. 3, industry insiders forecasted that NAND would still take more time to recover due to its higher inventory le
On Oct. 19, the Korean Chamber of Commerce and Industry (KCCI) announced the results of a survey titled “2023 Startup Challenges and Policy Issues” conducted among 259 domestic startups, providing insights into their current obstacles and policy recommendations.The survey revealed that four out of 1
HiteJinro, a major player in the liquor sector in South Korea, is gearing up to establish its first overseas factory in Vietnam as it approaches its 100th anniversary next year. This move is a cornerstone of their strategy to globalize the soju business.HiteJinro announced on Oct. 16 that HiteJinro
Pernod Ricard Korea announces that JAMESON will participate as the main sponsor of “Go Out Camp” to meet national wide campers to boost its communications. JAMESON has become a favorite among campers as it fits the outdoor atmosphere and, also pairs well with camping dishes.Now in its 16th edition,
As the sole operator of nuclear power plants in the country, Korea Hydro & Nuclear Power (KHNP) has turned its attention towards revitalizing nuclear small and medium-sized enterprises which have been struggling with a shortage of projects. The initiative begins with the Shin Hanul Nuclear Power Pla
LG Energy Solution is expediting its penetration of the U.S. energy storage system (ESS) market by building a local production base and supply chain behind advanced technologies. The Korean battery giant plans to more than triple its sales in the ESS business within the next five years.LG Energy Sol
The author is an analyst for Shinhan Securities. He can be reached at hpark@shinhan.com -- Ed.Investment point 1: Domestic earnings driven by inbound touristsInbound visitors to Korea rose to 960,000 in July, reaching 66% of the 1.45mn level seen in July 2019 with triple-digit growth continuing ever
It was reported that production, consumption, and investment had all decreased in July. This simultaneous decline in the three major indicators of industrial activity, which together showcase the vitality of the South Korean economy, is the first since January. Additionally, facility investment reco
On Aug. 30, CKD (Chong Kun Dang) Healthcare announced that its PKG Identity Design project won a silver award in the packaging category at International Design Excellence Award (IDEA) 2023. IDEA is a prestigious design competition in North America initiated in 1980 and organized by the Industrial De
The Korean government is approving the sale of national core technologies to foreign companies, national core technology transfers, or foreign investment in national core technology holding organizations after receiving reports on them. The number of such cases has more than tripled over the last fi
Following a ban on overseas transfers of rare earth permanent magnet manufacturing technology at the end of 2022, China has decided to control the export of gallium and germanium emerging as next-generation semiconductor materials, starting from August. The Russian-Ukrainian war, which has been goin
POSCO International, which has announced its takeoff to become an eco-friendly energy giant, seems to be increasing its scale in all stages of the LNG business from exploration and production to supply.Australian natural gas (LNG) company Senex Energy, a subsidiary of POSCO International in Australi
The possibility of Coupang achieving annual profitability has grown stronger. The company achieved its highest-ever quarterly revenue and operating profit in the second quarter of this year, continuing its streak of four consecutive quarters of profitability.According to Coupang’s second-quarter ear
Pernod Ricard Korea announced that it will open its world’s No. 1 Irish whisky Jameson ‘Distillery on Tour,’ a pop-up space recreating the essence of the Jameson Distillery in Dublin. The pop-up will run until August 23 in the atrium on the first floor of Seoul’s landmark Lotte World Mall.Distillery