With Coupang significantly increasing the subscription fee for its paid membership service, “Wow Membership,” last week, a “membership showdown” has commenced in the retail industry. This move comes amid continued aggression from Chinese e-commerce giants such as AliExpress and Temu, expanding the f
On the night of April 13 (local time), Iran launched retaliatory attacks against Israel, employing drones, cruise missiles, and ballistic missiles. This action is expected to lead to an escalation in international oil prices. In addition, the exchange rate of the Korean won against the U.S. dollar r
As the global semiconductor hegemony intensifies, companies are fiercely competing in investments. Samsung Electronics is expected to announce additional investments locally, following substantial subsidies received by competitors Intel and Taiwan’s TSMC from the U.S. government.Compared to this, do
Following its supply of a 27-inch Organic Light Emitting Diode (OLED) display to Hyundai Motor’s Genesis last year, LG Display recently secured an order for a large Liquid Crystal Display (LCD) from a foreign premium automaker. This display, being the longest among the automotive displays produced b
Minister Ahn Deok-geun of the Ministry of Trade, Industry and Energy is embarking on a trip to the United States ahead of the announcement of the nuclear power plant operator selection in the Czech Republic.The U.S. court has dismissed the lawsuit filed by Westinghouse against Korea Hydro & Nuclear
In response to China’s aggressive dumping tactics, experts are advising that now is the time to refine three traditional measures: anti-dumping duties, countervailing duties, and safeguards. There is also a growing argument for bolstering barriers through measures such as limiting tax-exempt limits
Amid astronomical subsidies being poured into the semiconductor industry by countries like the United States and Japan, the South Korean government has decided to explore domestic investment incentives. There’s speculation that discussions on ‘semiconductor subsidy cash support’ could materialize, g
With the recent expanding trend of Banking as a Service (BaaS), which allows consumers to experience banking services through fintech platforms, Shinhan Bank has partnered with the fintech company E9pay, specializing in small-scale overseas remittances.Shinhan Bank announced on April 17 that it has
With the amendment of the Export-Import Bank of Korea Act, the legal capital limit for the Export-Import Bank of Korea (Korea Eximbank) has significantly increased. However, there is a discrepancy between the government and industry regarding how and how much the government will invest in Korea Exim
Korea’s shipbuilding order intake surpassed China’s for the first time in three years in the first quarter of 2024.The Korean Ministry of Trade, Industry and Energy (MOTIE) announced that shipbuilding orders in the first quarter of this year totaled US$13.6 billion, surpassing China’s US$12.6 billio
Gyeongbuk Governor Lee Cheol-woo had an in-depth discussion on various mutual cooperation measures including the Saemaul movement between the two countries with Sri Lankan Prime Minister Dinesh Gunawardena at the Gyeongbuk Provincial Office on April 3.During the visit, which was attended by key gove
Samsung Electronics is set to reveal its “dream memory,” three-dimensional (3D) DRAM, in 2025, marking a first in the semiconductor industry. The move is seen as Samsung reigniting its “technology gap” in the high bandwidth memory (HBM) market where it has previously lost ground to SK hynix.Accordin
Korea Institute of Energy Technology (KENTECH) has established an MOU with Olin College of Engineering (Olin College) to facilitate joint research and education. The MOU was signed online on March 18, 2024, by KENTECH Acting President Chinho Park and Olin College Provost and Dean of Faculty AI Sacco
Samsung Display saw its market share for smartphone Organic Light-Emitting Diode (OLED) panels fall below 50% for the first time last year, facing intense competition from Chinese manufacturers. The surge in market share for companies like BOE, which have secured exclusive supplies for Chinese smart
As large offshore wind power projects are being actively pursued in South Korea, it is estimated that investments could reach up to 100 trillion won by 2030.According to the Ministry of Trade, Industry and Energy, the government aims to deploy offshore wind power facilities with a total capacity of
Last year, Samsung Electronics’ shareholder returns rate surpassed that of global big tech companies such as Microsoft and Meta. This achievement comes despite the worst semiconductor downturn in history last year, demonstrating Samsung’s commitment to maintaining dividend payouts and focusing on sh
As the polarization of wages between employees of large and small companies has become a big social issue amid concerns about low growth, attention has been focused on the wages of those at large companies rising rapidly every year.The Korea Enterprises Federation (KEF) has sent out recommendation l
An analysis by the World Wildlife Fund (WWF) suggests that the average person ingests as many as 5 grams of microplastics weekly – that’s the equivalent of eating a whole credit card. While the exact effects of plastics on human health are still relatively unknown, the World Health Organization (WHO
Hyundai Motor Group announced on March 27 that it will hire 80,000 people and invest 68 trillion won in Korea over the next three years from this year to 2026. The plan is expected to create about 198,000 decent new jobs.The announced investment in Korea is a significant increase from the 56.2 trill
Artificial Intelligence (AI), deep partner collaboration, and building a strong ecosystem foundation were championed as next-level growth engines to new opportunities in industry digitisation at the recent Huawei Cloud APAC Partner Connection Summit 2024.Huawei Cloud Asia Pacific hosted approximatel