The size of the insurance market for migrant workers in South Korea has doubled in less than 10 years. The current law requires foreign employees who reside in the country and the employers who hire them to take out the insurance policies exclusively designed for foreign workers.The amount of annual
Korea Exchange (KRX) announced on March 22 that 13 KOSPI-listed and over 40 KOSDAQ-listed companies failed to submit their audit reports as of that day, a total of 18 companies received disclaimers of opinion, and four received qualified opinions.Those in the securities industry point out that this
Samsung Electronics Co. and SK Hynix Inc. are expected to see their operating profits cut by half in the first three months of the year. Some say that the market conditions will improve, driven by demand recovery.Financial market researcher FnGuide forecast on March 24 that the operating profits of
The cryptocurrency of Israeli blockchain project ORBS, which has cooperated with South Korean companies such as Kakao, Samsung SDS and YES24, is planned to be listed on Bithumb. The date of listing is yet to be determined. ORBS is planning to issue its cryptocurrency on March 28 with mainnet launchi
The Korea Listed Companies Association stated on March 24 that a lot of its members are concerned about the National Pension Service’s decisions against executive appointments in companies such as Samsung BioLogics.“At the upcoming shareholder meeting of Samsung BioLogics, which is the first one aft
Micron Technology will cut its monthly memory production by 5 percent, industry sources said on March 21. The U.S. semiconductor company said it had idled some factory lines to bring its chip output in line with lower demand. Micron's decision is expected to benefit Samsung Electronics and SK Hy
Renault Samsung Motors will launch a compact sports utility vehicle (SUV) in the Korean market next year. The carmaker plans to fill the vacuum to be created by the discontination of the Nissan Rogue production from this September by boosting sales of the new SUV.Renault Samsung Motors planned to la
Samsung Electronics has recently posted a promotional video of a self-driving car on YouTube, spawning speculations.The global semiconductor giant released a video titled “Samsung Automotive Memory Solution” on YouTube on March 21. The 60-second video describes autonomous driving technology.Some obs
South Korea's antitrust regulator has decided to end a decade-old legal battle with Qualcomm Inc., a U.S. mobile chip producer, and re-impose a fine on the firm in compliance with a court ruling.The Fair Trade Commission (FTC) announced on March 21 that it has canceled 48.60 billion won (US$43.0
Samsung Electronics announced on March 20 that it would push for mergers and acquisitions (M&As) this year to look further afield for growth. The electronics giant has a cash mountain of over 100 trillion won and faces a growing need to take over overseas high-tech companies for its future growth in
Samsung Electronics has achieved a new milestone in semiconductor manufacturing by developing a third-generation 10 nanometer-class (1z-nm) 8 Gb Double Data Rate (DDR4) DRAM for the first time in the world.The company said it has pushed the limits of DRAM scaling by developing the 1z-nm 8 Gb DDR4 wi
Samsung BioLogics announced on March 20 that it has concluded a contract development organization (CDO) contract with Eutilex, a Korean biotech company, to develop cancer immunotherapies.The two companies expect to accelerate the development of new drugs through synergy between Samsung BioLogics'
Renault Samsung Motors is standing at a crossroads. Renault Group in France has recently announced a plan to reorganize its regional headquarters system, which would transfer Renault Samsung Motors from the Asia and Pacific headquarters to the Africa, the Middle East, India and the Pacific headquart
The labor union of Renault Samsung Motors will go on strike only at some selected work sites in order to put pressure on the management.The company’s labor union and management have failed to narrow differences since the breakdown of intensive negotiations held early March. Experts say that no deal
Korea is expected to have bragging rights as the first country to successfully commercialize 5G telecommunications in the world. Korea’s launch of 5G telecommunication services is schedule for April 5. Korea will launch 5G services with a 5G smartphone and a 5G monthly plan about a week earlier than
Samsung Electronics is expanding its non-memory semiconductor business steadily by succeeding in supplying the Exynos Application Processors (APs) to Motorola after Meizu.Motorola is said to have load Samsung's Exynos AP into its next smartphone “One Vision (P40)” to be released in China and the
China’s scheme to foster its semiconductor industry has been going awry. The Chinese semiconductor industry is having trouble reaching its goals in both the memory sector, which is dominated by Samsung Electronics and SK Hynix of Korea, and the non-memory sector where the United States has begun to
While the launch of Samsung Electronics' Galaxy S10 5G has not been decided yet, Motorola is set release the Moto Z3 to claim the title of the world's first 5G smartphone. If the Galaxy S10 5G is not launched before April 11, which is when the Moto Z3 is scheduled to be released, the United
Samsung Electronics announced on March 14 that it will develop a full-screen display that has camera and sensors hidden under the display, going beyond its newly developed hole-punch Infinity-O Display.Yang Byung-duk, vice president of Samsung’s Mobile Communications Division, disclosed the plan dur
As Samsung Electronics ushered in the era of foldable phones by unveiling the Galaxy Fold, global smartphone makers are pushing to develop more advanced foldable phones.For instance, Samsung Electronics has patented a smartphone that can be worn on the wrist like a watch, and Apple is said to be pre