A TV war has heated up between two Korean home appliance giants – Samsung Electronics and LG Electronics – at IFA 2023, Europe’s largest consumer electronics and information technology show. While the two Korean TV giants are leading the premium TV market with their strong technological competitiven
A total of approximately 14,000 vehicles across 8 different brands and 21 models, including Kia and Mercedes-Benz, have been identified for a recall.The Ministry of Land, Infrastructure and Transport has revealed that a total of 14,057 vehicles from 21 different models, produced or imported and sold
U.S. chipmakers including Intel, Qualcomm, and Nvidia have reacted to U.S. President Joe Biden’s anti-China semiconductor export control policy. They have begun to speak about the news that the Biden administration is preparing additional semiconductor export control measures amid the escalating con
Vietnamese authorities have initiated an investigation into the concert organizers of the girl group Blackpink’s world tour, which is set to stop by Hanoi on July 29. The investigation was prompted by suspicions raised over a map posted on the organizer’s website that showed a line similar to the “N
Hyundai Motor’s labor union will join a general strike to be staged by the Korean Confederation of Trade Unions (KCTU) by going on a partial strike on July 12.According to industry sources on July 11, Hyundai Motor Company’s labor union will join the general strike by the KCTU on July 12. The union
“Made in China” is making its mark in the Korean market, not only with solar power components but also in a variety of future-oriented products such as electric buses, drones, and robots.According to data submitted to Han Moo-kyung, a lawmaker of the People Power Party, by the Korea Energy Agency on
Discussions on a minimum wage hike for 2024 were put to high gear as the labor community, which had walked out of a plenary meeting of the Minimum Wage Committee to protest the government’s repression of labor and the appointment of workers as members of the committee, returned to the deliberation t
Huawei has shown up in full force for MWC Shanghai 2023, with their activities all falling under their theme of "GUIDE to the Intelligent World". This year, the company's activities include an experiential tour that takes audiences to multiple cities to learn about their technology and business,
At the opening day of MWC Shanghai 2023 today, Sabrina Meng, Huawei's Rotating Chairwoman and CFO, gave a keynote outlining the value that 5G has generated throughout its first four years of commercial use.“5G is already well on its way to driving business success,” said Meng. “It's transfor
The Korean business community criticized the Supreme Court’s ruling that labor union members who engage in illegal labor disputes must be held individually liable for damages, calling it a “ruling that undermines the fundamentals of the rule of law at industrial sites.”“The Supreme Court’s ruling cr
The South Korean government has asked the U.S. to clearly define the Chinese companies from which it should not be procuring essential minerals for electric vehicle batteries under the conditions of subsidy tax credit payments in the U.S. Inflation Reduction Act (IRA).According to a U.S. government
The United States has decided to extend the grace period for Korean companies to export semiconductor equipment to China. This immediately alleviates the concerns for domestic companies such as Samsung Electronics and SK hynix, who can continue producing semiconductors in their Chinese factories for
Recently, SK Telecom returned its 5G 28 GHz frequency license to the Korean government. This means that all three major Korean wireless carriers have given up the band. Earlier, they were fined a combined 33.6 billion won (US$25.7 million) by the Korea Fair Trade Commission (KFTC) for their overly e
According to the electronics industry on May 21, Intel recently introduced its glass substrate technology at the APJ Packaging Roundtable technical event, stating, “We plan to introduce quartz glass substrates in the latter half of the 2020s. We expect this to enable continuous improvements in semic
SK hynix is suffering from a double whammy -- a slump in the global memory semiconductor market and geopolitical risk stemming from the US-China hegemonic war.Global market research firm TrendForce recently released a report stating that SK hynix was preparing to shift its production line in Wuxi, C
Korea’s shipping industry and a seafarers’ union have called for a halt to the overseas sale of Hyundai LNG Shipping, the country’s largest carrier specializing in liquefied natural gas (LNG) transportation.The Federation of Korea Maritime Industries (FKMI) put out a statement on May 8, taking issue
The author is an analyst of NH Investment & Securities. He can be reached at minjae.lee@nhqv.com -- Ed.Policy to expand the number of NPPs is appearing rapidly in Europe and the US. Backed by the introduction of SMRs, this movement is on track for further acceleration.EU energy market for first week
The U.S. government has demanded that companies applying for investment subsidies under the Chips Act submit Excel files containing formulas for calculating profitability including expected cash flows. This has thrown Korean chipmakers into consternation.They are calling these detailed guidelines fo
Leaders in the global semiconductor equipment and component industry are expanding their production and R&D bases in South Korea.For example, Applied Materials is considering setting up an R&D center in Yongin, which is home to Samsung Electronics and SK Hynix plants and an R&D center of Lam Researc
Unionized Asiana Airlines workers are calling the merger with Korean Air into question again after doing so previously in October last year.“Airport slots and traffic rights decreased each time the merger was approved abroad, including in the United Kingdom and China as the most recent cases, and th