The Electronics and Telecommunications Research Institute (ETRI) of Korea announced on Sept. 6 that it has developed a dedicated computational accelerator chip capable of high-speed processing of homomorphic encryption, which is drawing much attention as a next-generation cryptographic technology.Un
Analysts in the securities industry predict that if Hyundai Motor’s total strike materializes, the company may shoulder an operating loss nearing 1 trillion won solely from the strike.According to securities sources on Sept. 5, if the Hyundai Motor strike becomes a reality, there are expectations of
The reality of a shortage in semiconductor talent has the industry on alert. Samsung Electronics is making efforts by having executives visit universities to meet future semiconductor talents and is also providing scholarships abroad to secure local talent. Taiwan’s TSMC, a foundry, is facing concer
The government is considering increasing the quota for foreign workers to address the labor shortages plaguing the shipbuilding industry. It has embarked on a comprehensive effort to support shipbuilding companies, including an increase in the refund guarantee (RG) fund to 400 billion won (US$303.15
The South Korean government’s initiative to issue “Samurai Bonds” has been seen as a signal of enhanced economic cooperation between South Korea and Japan. Following the government’s move to issue Samurai Bonds, there is growing interest in whether South Korean companies will also embark on yen-deno
On Sept. 4, international credit rating agency Fitch evaluated the South Korean government’s budget proposal for 2024 and the medium-term fiscal management plan as a “relatively robust fiscal policy.” It stated that it “may have a slightly (negative) impact on economic growth but will help strengthe
Samsung Electronics paid a total of 1.9521 trillion won to Chinese companies in the first half of this year to purchase liquid crystal display (LCD) panels for TVs and monitors, according to the Financial Supervisory Service’s electronic disclosure system on Sept. 2.Most of these panels were produce
The divergence in stock performance between e-commerce leader Coupang and the offline retail giant Emart is deepening. Throughout this year, Coupang’s stock has continued to rise as its growth prospects become more prominent, while Emart has seen its stock plummet to its lowest point amid an increas
The sale of HMM, formerly known as Hyundai Merchant Marine, is facing delays beyond the initial expectations. Korea Development Bank (KDB) is currently continuing its evaluation of eligible buyer candidates, a process it had aimed to complete within this month.According to financial industry sources
In the first half of this year, insurance companies achieved a net profit of nearly 10 trillion won (US$7.56 billion), driven by increased sales of guaranteed insurance policies and the positive effects of implementing new accounting standards, specifically IFRS9 and IFRS17.According to the prelimin
Eight out of ten business leaders have expressed the belief that the Chinese economy will continue to deteriorate in the future. This outlook is attributed to mounting concerns over risks stemming from China, notably those associated with the U.S.-China conflict. It is increasingly evident that the
The government, in a joint effort with the private sector, is establishing a “Startup Korea Fund” with a total size of 2 trillion won (US$1.51 billion) by 2027 to support the global expansion of deep tech and startups.The Ministry of SMEs and Startups (MSS) announced the “Comprehensive Startup Korea
Mirae Asset Securities announced on Aug. 30 that the inflow of overseas stocks from foreign depositories has exceeded 2 trillion won (US$1.51 billion). This growth is attributed to increased demand for stock compensation system consulting services targeting employees of overseas companies.According
Lotte Card employees have sparked controversy by being involved in an embezzlement case exceeding 10 billion won (US$7.55 million).The Financial Supervisory Service (FSS) announced on Aug. 29 that it had conducted an on-site inspection regarding the recent allegations of embezzlement by Lotte Card e
The author is an analyst for NH Investment & Securities. He can be reached at bk@nhqv.com -- Ed.In terms of policy effects, the US appears to be winning this new phase of the Cold War. Although Korea has chosen to support the US, it is still impacted by developments in both the US and China due to i
HMM potential acquirers Harim and Dongwon as well as LX and the German shipping company Hapag-Lloyd are currently undergoing eligibility assessments for the acquisition of HMM, formerly known as Hyundai Merchant Marine. In the meantime, Korea Development Bank (KDB) and the Korea Ocean Business Corpo
Hana Financial Group has announced on Aug. 24 that it conducted an event at the regional head office of Hana Bank in Mexico, where educational supplies were delivered to students of “Escuela Villa de las Niñas Chalco” in Mexico.The event was attended by Lee Eun-hyung, vice chairman of Hana Financial
The Financial Supervisory Service (FSS) is launching a comprehensive investigation into related securities firms to gather more precise information and evidence regarding the suspected preferential redemption of the “Lime Fund.” Amid allegations that funds were returned only to certain influential f
The author is an analyst for NH Investment & Securities. He can be reached at sw.kang@nhqv.com -- Ed.We attribute August’s bear-steepening to a combination of: 1) fears of upward revisions to i* and r*; and 2) supply-demand pressures. Although supply-demand factors linger, concerns about increases t
Prosecutors have launched a raid on the headquarters and subsidiary of KT Corp as part of an investigation into suspicions of embezzlement. According to industry sources on Aug. 28, the Fair Trade Investigation Division of the Seoul Central District Prosecutors’ Office, led by Chief Prosecutor Lee J