Starting in the second half of this year, non-index-linked general public funds will be directly listed on the Korea Exchange and traded like exchange traded funds (ETFs). With increased convenience for investors and reduced sales commissions, expectations are high for the revitalization of the fund
Hanwha Aerospace, which embarked on its first corporate bond issuance of the new year, has successfully secured orders surpassing seven times the fundraising amount. This achievement comes as institutional investors resume capital deployment, benefiting from the “New Year effect.”According to source
Nexon Korea, the operator of the online game MapleStory, is set to face a hefty fine of more than 10 billion won from the Korea Fair Trade Commission for selling game items with virtually zero chance of being won.The KFTC announced on Jan. 3 that it would impose a corrective order and a fine of 11.6
Samsung Electronics is set to unveil an artificial intelligence (AI)-equipped Galaxy smartphone, marking a bold challenge to Apple in the fiercely competitive global smartphone market. The South Korean giant announced on Jan. 3 its plan to host the Samsung Galaxy Unpacked 2024 event in San Jose, Cal
SK hynix announced today that it will showcase the technology for ultra-high performance memory products, the core of future AI infrastructure, at CES 2024, the most influential tech event in the world taking place from January 9 through 12 in Las Vegas.SK hynix said that it will highlight its futur
In 2024, Korean shipbuilders are likely to benefit from an increase in tanker orders because of increased distances for crude oil transportation due to the prolonged war in Ukraine, rising unrest in the Red Sea region, the gateway to the Suez Canal, and a shortage of shipbuilding slots with Chinese
As electric vehicles (EVs) loaded with Chinese batteries have finally been scratched off the list of EVs that can receive tax credits in accordance with the U.S. Inflation Reduction Act (IRA), voices are growing that the Korean battery industry may enjoy reflective benefits from it. However, a large
On Jan. 2, President Yoon Suk-yeol announced, “I will push for the abolition of the Financial Investment Income Tax.” This move is expected to spark controversy as it involves the cancellation of an agreement with the opposition party.On this day, President Yoon attended the “2024 Securities and Der
In the domestic automotive market, a significant deceleration in the demand for electric cars is becoming apparent. Specifically, there will also be a decrease in government subsidies for electric car purchases this year. The aversion of domestic consumers towards electric cars, which are positioned
LG Display will unveil its next-generation in-vehicle display solutions at CES 2024, the world’s largest IT and consumer electronics show held in Las Vegas, Nevada, in the United States.LG Display will be exhibiting at the West Hall of the Las Vegas Convention Center (LVCC) with a booth about in-veh
The foundry business that produces batteries developed and designed by customers is rising as a hot issue in the battery industry with automakers set to launch a large number of new electric vehicle (EV) models this year.The foundry business generally belongs to the semiconductor industry. In the 19
South Korea recorded a trade deficit of US$9.97 billion last year, marking the second consecutive year of deficit since 2022. However, the trade deficit in the past year contracted compared to 2022 when it was US$47.78 billion, primarily due to the recovery in exports in the latter half of the year.
In December of last year, domestic semiconductor exports recorded the highest annual growth rate yet. The prices of memory semiconductors, the main export products of Samsung Electronics and SK hynix, have consistently been on the rise.According to the Ministry of Trade, Industry, and Energy on Jan.
In 2024, Hyundai Motor Group is focusing its business on transitioning to Purpose-Built Vehicles (PBVs) and Software-Defined Vehicles (SDVs).Hyundai Motor Group’s PBV strategy takes its first step with Kia unveiling its PBV lineup at the Consumer Electronics Show (CES) 2024, after a five-year hiatus
A controversy between POSCO and the National Pension Service (NPS), POSCO’s largest shareholder, is showing signs of escalation as the latter questions POSCO Group’s fairness in selecting the its next chairman.According to industry sources on Dec. 29, Kim Tae-hyun, chairman of the NPS, said in a med
Samsung Electronics and LG Electronics are set to showcase their latest AI-enhanced home appliances at the world’s largest consumer electronics show, CES 2024, in Las Vegas from Jan. 9 next year, marking a significant clash in the industry.According to industry sources on Dec. 28, Samsung Electronic
SK hynix has embarked on strengthening its research and development (R&D) capabilities to enhance its high-performance NAND competitiveness by successively recruiting NAND flash memory experts from Intel with decades of experience.According to industry sources on Dec. 28, SK hynix America this month
In a trend led by younger demographics, traditional TV viewership is diminishing, whereas the use of Over The Top (OTT, or online video streaming) services is rapidly expanding, even among the elderly. The Korea Communication Commission announced these findings in its “2023 Broadcast Media Usage Beh
A plenary session of the National Assembly passed an amendment to the Capital Markets and Financial Investment Business Act, which will require large-scale stock transactions by insiders of listed companies to be disclosed in advance beginning from the second half of 2024.The Financial Services Comm
For the first time ever, China has become the world’s number one auto exporter. This is because China increased sales in Russia where carmakers of Western countries, including South Korea, have left the market and enjoyed a sharp increase in electric vehicle sales, which led to a spike in China’s ca