South Korean fashion company ShinWon Corporation (CEO: JJ Park) held an ESG Management Vision Declaration Ceremony to establish a mid-to long-term plan for ESG (environmental, social, and governance) and advance as a sustainable company.Through the declaration ceremony, ShinWon aims to publicly anno
South Korea and Malaysia have agreed to resume negotiations for a Free Trade Agreement (FTA).The Ministry of Trade, Industry, and Energy announced on March 26 that Jung In-gyo, chief trade negotiator of the Ministry, met with Tengku Zafrul Aziz, the Minister of Investment, Trade, and Industry of Mal
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
According to sources from the battery and investment banking (IB) industries on March 24, it has been confirmed that SK on is in the final stages of securing US$1.1 billion in funding.Firstly, SK on secured a US$400 million loan through Shinhan Bank last month, which was then transferred to its U.S.
Controversy over AliExpress’ and Temu’s harmful content for teenagers has not subsided.Despite constant criticism from Korean consumer organizations, the two Chinese e-commerce giants’ measures have been insufficient, and responses came late from the Korean government.According to a recent report, a
Hanwha Aerospace is working with the Korea Aerospace Research Institute to develop a next-generation launch vehicle (KSLV-III) that significantly improves on the performance of the Nuri (KSLV-II). Based on a public-private partnership, the company looks to strengthen its launch vehicle technology an
FILA Holdings reaffirmed its commitment to responsible management and shareholder returns by publicly disclosing on March 20 that it will retire its existing treasury stocks and buy back up to 50 billion won worth of shares this year.The treasury stock retirement and share buyback plan aligns with t
On March 13, the U.S. House of Representatives passed a bill to ban TikTok, a Chinese video platform, from being downloaded in the United States due to security concerns. The bill was approved with an overwhelming majority of 352 votes in favor and 65 against. Europe is also engulfed in national sec
Korea and ASEAN member countries are meeting in Jakarta, Indonesia, on March 12 to assess the implementation of the Free Trade Agreement (FTA) and discuss measures for upgrading the agreement.The Ministry of Trade, Industry, and Energy announced that it will host the Korea-ASEAN Free Trade Agreement
KB Financial Group has achieved the top position among domestic financial institution brands in the “Banking 500,” announced by the prestigious brand evaluation institution “Brand Finance” based in the U.K.Brand Finance evaluates brand value annually by comprehensively considering financial performa
The author is an analyist for NH Investment & Securities. He can be reached at junsup@nhqv.com -- Ed.HGI’s 2023 dividend announcement fell somewhat short of market expectations. However, if sufficient profits available for dividend are secured through system improvements, an expansion of shareholder
The conflict over wage negotiations between Samsung Electronics and its labor union has escalated as the two sides failed to reach an agreement in the first mediation meeting, sparking heightened interest in the possibility of a strike materializing.According to industry sources on March 6, Samsung
NPCore, a cybersecurity company specializing in network and endpoint security, recently conducted a cybersecurity workshop in Kuala Lumpur, Malaysia, in collaboration with its local partner, TechLab. The event, held on February 29th, was particularly timely, given the recent spate of cyber threats i
The Korean government will launch the Top 10 Promising Markets Trade Mission, which will lead strategic market exploration to help the country achieve US$700 billion, the largest ever, in exports this year,.The Ministry of Trade, Industry and Energy (MOTIE) announced on Mar. 5 that it will send the
SK Bioscience announced on March 5 that its SKON employee communication application developed by the company won the communication category in the apps and software section at the iF Design Award 2024 held in Germany.This year, the iF Design Award saw competition from over 11,000 entries from 56 cou
SK D&D, the real estate development arm of SK Group, announced on March 4 that it held a board meeting and completed its spin-off into two entities: SK D&D and SK eternix.As a result of the spin-off, SK D&D will focus on real estate operations, while SK eternix will specialize in renewable energySK
The Optionally Piloted Personal Air Vehicle (OPPAV) recently developed by the Korea Aerospace Research Institute (KARI) has logged a top speed of 240 kilometers per hour. The model is a single-seat Korean urban air mobility (UAM) aircraft.On Feb. 28, the OPPAV was busy taking flight tests at the Nat
Following last year’s memory semiconductor downturn, Samsung Electronics and SK hynix are aggressively increasing their focus on DRAM through the expansion of advanced processing. This move is anticipated due to the expected rise in orders for High Bandwidth Memory (HBM) and Double Data Rate 5 (DDR5
The Hyundai Research Institute (HRI) has forecasted that the South Korean economy will enter a recovery phase after passing its lowest point this year.According to a report titled “Now is an Important Time to Form an Early Economic Cycle Bottom” released by the HRI on March 3, there is a high possib
The government has come up with a detailed blueprint at the inter-ministerial level, encompassing export targets for key items such as semiconductors, automobiles, and plants, to achieve this year’s export goal of US$700 billion. It includes the largest-ever support measures to accelerate progress,