Samsung Electronics and SK hynix have both reached new record highs simultaneously. Samsung Electronics share price has recovered to 80,000 won (US$60) in approximately two years and three months, while SK hynix’s market capitalization approaches 130 trillion won. Expectations are rising for Samsung
A scenario analysis has been conducted on the aftermath of the U.S. presidential election, which poses a major risk to the Korean secondary battery industry for electric vehicles which is expected to expand supply in earnest beginning from 2025.If U.S. presidential hopeful Donald Trump, who has ment
Korea’s trade surplus with the United States, which peaked in 2023, is likely to gradually shrink in the future, according to a new report.The Korea Institute for Industrial Economics & Trade (KIET) released a report on a structural analysis of the causes of Korea’s surplus in trade with the United
Korea’s government, National Assembly and courts are pushing to raise the level of punishments for technology leakage as key personnel of companies involved in Korea’s national high-tech strategic industries are frequently leaking out along with their technology. National high-tech strategic industr
As Korean battery companies are struggling amid slowing growth in the global electric vehicle market, they are expected to improve their profit margins despite falling sales in 2024.“This year, LG Energy Solution and Samsung SDI are expected to maintain profit margins in the 5 percent range, while S
Hyundai Motor Group signed a memorandum of understanding (MOU) on cooperation in future mobility with Red Sea Global (RSG), a leading developer of the Red Sea and western coastal areas, in Riyadh, the capital of Saudi Arabia, on March 24 (local time).The Red Sea coastal development project is one of
The rapid increase in direct overseas purchases through Chinese e-commerce companies such as AliExpress, Temu, and Shein has led to discussions about alternative measures to mitigate the side effects. However, it has been confirmed that the proposal to tax small imported goods is closely linked to t
Last year, the amount spent in Korea through mobile devices such as smartphones and smartwatches exceeded that spent through physical cards for the first time. Thanks to the expansion of mobile payments, the average daily card usage surpassed 3 trillion won (approximately US$2.23 billion).According
The Financial Supervisory Service (FSS) announced on March 25 that it would initiate a concentrated investigation into what are colloquially referred to as “zombie companies.” These are businesses considered financially distressed, resorting to tactics such as capital increases through disguised pay
On March 25, the Federation of Korean Industries (FKI) presented a study titled “The Rise and Challenges of Shareholder Activism” that was commissioned to Kim Soo-yeon, a researcher at the law firm Gwangjang.According to data from research firm Diligent, the research indicates that attacks by activi
For the first time since the onset of the COVID-19 pandemic, the Export-Import Bank of Korea (Korea Eximbank) is preparing to establish its first overseas office in Poland, marking its initial foray into the country. The recent amendment to the Export-Import Bank of Korea Act has created the opportu
Hanwha Ocean announced on March 25 that it has secured a deal to construct eight liquefied natural gas (LNG) carriers from a shipowner based in the Oceania region. The contract is valued at 2.44 trillion won (US$1.82 billion). The company intends to build the vessels at its Geoje shipyard and aims t
Samsung Electronics released a new model of its premium air purifier, the Bespoke Cube Air Infinite Line, on March 25, featuring a new filter that does not require periodic replacement. The highlight of this model is the Infinite Line Filter.The Infinite Line Filter consists of a washable sterilizat
South Korea is under subtle pressure from China following reports that it may join the United States in export restrictions against China. During a visit to China for the China Development Forum (CDF), SK hynix has been highlighted by Chinese officials emphasizing the importance of the Chinese marke
Korea Electric Power Corporation (KEPCO) and the Emirates Nuclear Energy Corporation (ENEC), through their joint venture operation company in the UAE, Nawah Energy, announced that Unit 4 of the UAE Barakah Nuclear Power Plant successfully connected to the UAE transmission network on March 23.The con
Paris Baguette, a bakery brand of SPC Group (Chairman Hur Young-in), is making its entry into Italy.SPC Group announced that Chairman Hur Young-in met with Mario Pascucci, the CEO and third-generation founder of the Italian coffee brand Pascucci, who visited Korea on March 24 to sign a master franch
Six of the world’s top 10 shipping companies posted negative growth in the fourth quarter of 2023 due to a sluggish global shipping market. Among them, only two posted a profit thanks to the acquisition of mega-ships: HMM, a Korean shipping giant that claims eighth place, and Taiwan’s Evergreen.Amon
Align Partners Capital Management has raised the issue of overseas shareholders not being able to properly use a cumulative voting system ahead of JB Financial Group’s general shareholders meeting scheduled for March 28.“We have confirmed a number of cases where overseas shareholders have been unabl
The Carlyle Group, a global private equity fund management firm, is stepping in as a facilitator for the overseas mergers and acquisitions (M&A) of domestically prominent defense companies with a stature that is growing worldwide.According to industry and investment banking (IB) sources on March 24,
As Chinese shopping platforms such as AliExpress, Temu, and Shein continue to expand their presence within the domestic market, it has been revealed that seized counterfeit Chinese imports amount to a staggering 1.8 trillion won over the past five years.According to the Korea Customs Service on Marc