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
The government has supplied more than 10,000 workers, both nationals and foreigners, to the shipbuilding industry in the first half of this year. Out of these, foreign workers totaled 8,300.According to the Ministry of Trade, Industry, and Energy and the Ministry of Justice, a total of 11,104 produc
The Korean government sees eye to eye with major Korean semiconductor giants, including Samsung Electronics and SK hynix, regarding developing advanced packaging technology for semiconductors.The Ministry of Trade, Industry and Energy (MOTIE) announced on Aug. 29 that it signed an agreement with sem
The procurement for the El Dabaa project in Egypt and the tritium removal facility (TRF) project in Romania, which were secured after the inauguration of the Yoon Suk-yeol administration, will begin in October. This will unlock a total of 104 items with a value of 800 billion won (US$603.77 million)
The Korea International Trade Association (KITA) has expressed deep concerns, indicating that the electric vehicle (EV) subsidy reform proposed by the French government might violate the Korea-European Union (EU) Free Trade Agreement (FTA). France is pushing forward with the introduction of new envi
Before the formal commencement of the invalidation trial on the U.S. patent related to botulinum toxin filed against Medytox by HUGEL, the trial was terminated.According to industry sources on Aug. 29, the U.S. Patent Trial and Appeal Board (PTAB) rejected the initiation of the review, which HUGEL h
South Korea’s exports fell 12.4 percent in the first half of the year. Therefore, South Korea became the only country in the world’s top 10 to post a double-digit decline in exports. Its global export ranking dropped to eighth place from sixth in 2022. South Korea’s trade deficit is expected to reac
The Korean government is approving the sale of national core technologies to foreign companies, national core technology transfers, or foreign investment in national core technology holding organizations after receiving reports on them. The number of such cases has more than tripled over the last fi
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
POSCO International is aggressively pushing forward with securing secondary battery materials and resources.On Aug. 28, POSCO International announced a significant expansion of its global trading business for key secondary battery materials and resources such as lithium and graphite, which it suppli
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
The author is an analyst for Shinhan Securities. She can be reached at hpark@shinhan.com -- Ed.Strong top-line growth continuing in the domestic marketGamsung Corp sells Snow Peak brand apparel under its licensing agreement with the Japanese camping brand. The company's rapid growth in earnings has
The Korea Trade Insurance Corporation (K-SURE) announced on Aug. 24 that it will provide financial support of US$110 million (approximately 150 billion won) for the construction of a wind tower factory in Vietnam, an initiative led by wind power equipment manufacturer CS Wind.The project entails the
LOTTE Energy Materials announced on Aug. 24 that the company signed a business agreement with the city of Mont-roig del Camp and the Catalonia Trade & Investment Agency (ACCIO) of Catalonia, Spain, to successfully establish a high-end copper foil production base in the European smart factory.The agr
SK bioscience, an innovative vaccine and biotech company committed to promoting human health from prevention to cure, announced today that the company has entered into a collaboration agreement with Vaxxas, an Australian biotechnology company developing a unique vaccine patch platform technology, to
According to the Ministry of Trade, Industry and Energy on Aug. 23, Korea’s general machinery exports stood at US$25.7 billion in the first half of this year and the export amount represented a year-on-year increase of 1.6 percent. The growth is noticeable compared to a year-on-year decline of more
Samsung SDS is set to unveil its enterprise-level generative AI service next month. This will mark the first time Samsung’s generative AI service will be introduced to the public.According to the electronics industry on Aug. 23, Samsung SDS will present the AI service under development at the “Real
Shipbuilding exports are taking the lead in Korea’s exports in the first half of the year. During this span, Korea’s exports rose 11.9 percent year on year. The Korean shipbuilding industry secured four years’ worth of work through the end of the first half of this year. This is the largest order ba
As the hydrogen market is expected to expand as an eco-friendly energy industry, major countries are rushing to promote hydrogen utilization promotion policies.On Aug. 22, the Korea International Trade Association (KITA) released a report on policy research to boost the competitiveness of the Korean
The overseas subsidiary capital of Mirae Asset Securities has exceeded 4 trillion won (US$2.99 billion). It is the largest among domestic securities firms. The net profit earned overseas is also steadily increasing.According to the investment banking industry on Aug. 22, the capital of Mirae Asset S