Samsung Electronics Chairman Lee Jae-yong and SK Group Chairman Chey Tae-won are expected to visit the United States next month to accompany President Yoon Seok-yul during the KORUS summit scheduled for April 26.This month, Lee visited China after nearly three years to attend the 2023 China Developm
The U.S. House Committee on Foreign Affairs has voiced that allies such as South Korea should not be unfairly harmed by the Inflation Reduction Act (IRA)."Since the enactment of the IRA last year, two of our key allies in the Indo-Pacific region, South Korea and Japan, have expressed concerns about
Onmind, which received investment from SK Square, announced the excellence of its virtual human technology on the global stage.Onmind announced on March 29 that it unveiled two new virtual humans at the Game Developer Conference (GDC) 2023 held at the Moscone Center in the city of San Francisco in t
SsangYong E&C announced on March 29 that it has won an order for the construction of Park Views Residences in the Kifaf region of Dubai.This construction is a follow-up project to the 44-story, two-building One Residence. SsangYong E&C won the order for One Residence in 2019 and completed it in June
A methanol poisoning accident at a second-tier partner of a Samsung Electronics plant in Vietnam killed one person and injured about 30 others.While Vietnamese authorities are investigating whether a local supplier delivered fake ethanol mixed with a large amount of methanol to the partner, Samsung
KPOP 4 Planet, a K-pop fan club in Indonesia, is accusing Hyundai of greenwashing, a form of advertising or marketing spin in which green PR and green marketing are deceptively used to persuade the public that an organization's products, aims and policies are environmentally friendly. They have
SK Hynix CEO and Vice Chairman Park Jung-ho said that the company was brooding over whether to apply for subsidies under the CHIPS Act as the U.S. government demands that companies submit profitability indicators and yields, which are trade secrets, as Excel files.Speaking to reporters after the com
The author is an analyst of NH Investment & Securities. He can be reached at junsup@nhqv.com -- Ed.While internal and external conditions have deteriorated markedly, we see no need for concern toward capital ratio figures. We see expansion of shareholder return as providing a potential trigger for s
Six months ago, the Korea-based medical device manufacturer EOFlow launched a new product in Germany. Now, on March 24, the company faces a patent dispute from the top insulin pump manufacturer in the country and a sales suspension, with no word on when or if they will be able to sell again.EOFlow h
The author is an analyst of NH Investment & Securities. He can be reached at minjae.lee@nhqv.com -- Ed.The government is considering raising city gas and electricity rates on Mar 31. As the unit price of domestic gas imports is also decreasing amid falling natural gas prices, the level of hike requi
The author is an analysts of NH Investment & Securities. He can be reached at minjae.lee@nhqv.com -- Ed.The government is expected to announce an electricity rate hike on Mar 31. If the rate is raised by more than W10/kWh, the difference between the electricity rate and raw material costs will expan
Jameson, the No. 1 Irish whiskey brand, participates as the main sponsor of ‘Go Out Camp,’ the largest and most representative camping festival in Korea.Celebrating its 15th anniversary this year, Go Out Camp is the first and largest camping festival in Korea, filled with entertainment for campers a
LG Chem will invest 10 trillion won (US$7.7 billion) by 2025 to accelerate the commercialization of three new growth drivers.“We will speed up the commercialization of our three new growth engines and reorganize our business structure to focus on businesses with high market value,” Vice Chairman Shi
SK Innovation’s battery subsidiary SK On has secured additional investment funds to secure growth engines amid uncertain business conditions such as changes in the global financial market.SK Innovation announced on March 28 that SK On decided to issue new shares worth 375.7 billion won (US$289.1 mil
The Defense Acquisition Program Administration announced on March 28 that the first flight test of armed KF-21s was successfully completed.The administration tested two KF-21s that day. A store separation test was conducted on the second prototype with a mid-range air-to-air missile for testing purp
Luxury watches are losing their popularity as more and more consumers prefer smartwatches.According to industry sources, Tissot and Hamilton withdrew from the Hyundai Seoul department store last year. In addition, Ferragamo, Fendi, and Gucci watch importers withdrew from multiple department stores t
Semiconductor Equipment and Materials International said that global 300 mm wafer production capacity is estimated to reach 9.6 million units a month in 2026.According to the organization, Samsung Electronics, SK Hynix, Intel, Micron Technology, Kioxia, TSMC, and UMC are planning to increase their p
The Incheon Free Economic Zone (IFEZ) Authority announced on March 28 that it held a networking and investor relation (IR) event at the Incheon Startup Park with the participation of 18 companies, including British autonomous driving research companies and those based in the Incheon Free Economic Zo
Korea Hydro & Nuclear Power (KHNP) is holding a science and technology event from March 28 to 31 at the KHNP headquarters and the facilities of nuclear power-related organizations by inviting experts from countries that are operating nuclear power plants.The International Atomic Energy Agency (IAEA)
SK Group Chairman Chey Tae-won visited China to attend the Boao Forum, which is sometimes called the Asian version of the Davos Forum.According to industry sources on March 28, Chairman Chey will participate in the Boao Forum held in Boao, Hainan Province of China for four days from March 28 to 31.