In 2023, Chinese smartphone manufacturers continued to expand their adoption of OLED technology, increasingly sourcing their required volumes from domestic display panel companies. This shift has led to Chinese display manufacturers breaking through a 40 percent market share.According to market rese
Samsung Electronics is set to revolutionize the Chinese smartphone market with its upcoming artificial intelligence (AI) phone, the Galaxy S24 series, featuring Baidu's generative AI. This strategy, aimed at enhancing AI service quality through collaboration with various AI partners and capturing th
At the beginning of this year, the Consumer Electronics Show (CES) 2024, the world’s largest consumer electronics and IT exhibition, brought into focus the trend of “on-device AI,” or artificial intelligence operating within the device. The emergence of devices equipped with this technology is injec
Artificial Intelligence (AI) stands at the forefront of the technology supremacy battle between the U.S. and China this year.On Jan. 26, U.S. Commerce Secretary Gina Raimondo stated in an interview with Reuters that regulations mandating U.S. cloud companies to report foreign customer information fo
EcoPro announced that it exported approximately 107,000 tons of high nickel cathode materials in 2023, up 24.4 percent from 86,000 tons in 2022. EcoPro’s high nickel cathode material exports exceeded 10,000 tons for the first time in 2018 with 16,000 tons and then steadily increased to 18,000 tons i
The secondary battery sector, which propelled the stock market last year, has experienced a persistent decline since the beginning of this year, leading to a reduction in market capitalization of nearly 50 trillion won.According to the Korea Exchange, the aggregated market capitalization of nine sec
The Ministry of Trade, Industry, and Energy (MOTIE) and the Korea Trade-Investment Promotion Agency (KOTRA) announced on Jan. 28 that they have published the “JP Morgan Healthcare Conference Weekly Expedition Report” as part of their “Overseas Exhibition Information Provision” series.The 42nd JP Mor
South Korea’s foothold in the Chinese market is narrowing while its dependency on imports from China is growing. The relationship that used to yield the most trade surplus for South Korea with China seems to have reversed.According to the Korea International Trade Association (KITA) on Jan. 28, Chin
The Export-Import Bank of Korea (Korea Eximbank) announced on Jan. 25 that it will establish and operate a “Saudi Desk” to support projects in the Middle East, including Saudi Arabia. The Saudi Desk of Korea Eximbank is expected to play a specialized role in handling business related to projects in
Experts are anticipating that the economic growth rate for South Korea will reach 2.2 percent this year. This aligns with the forecasts presented by the government and the International Monetary Fund (IMF), both indicating a 2.2 percent growth. It slightly surpasses the Bank of Korea’s projection of
SK telecom anticipates further advancement in artificial intelligence (AI) technology this year, with plans to enhance its AI personal assistant “A.” and secure allies in the global market for tangible results.On Jan. 25, Yoo Young-sang, CEO of SK Telecom, discussed the company’s AI strategy with th
Sam Altman, the CEO of OpenAI and a key figure in the global spread of generative AI sparked by ChatGPT, is visiting South Korea on Jan. 26. This visit follows his recent proposal to shake up the industry with the establishment of a global AI semiconductor production network.According to the semicon
South Korea’s economy continued to grow slowly throughout the year of 2023 with an annualized growth rate in the low 1 percent range. Exports are expecting it to continue to improve, but a strong rebound is unlikely this year as domestic demand remains weak.The Bank of Korea (BOK) released prelimina
Alipay+ announced that it has signed a memorandum of understanding (MOU) with the Korea Tourism Organization (KTO) on January 24 to together revitalize inbound tourism and ensure a more convenient and seamless checkout experience for international tourists visiting in the country.Under the MOU, the
Com2us will launch three new games for the global game market in different genres in the first half of the year. “Our goal is to see all three new games reach top 10 in sales in the global market,” said Han Ji-hoon, head of the game industry division at Com2us.Com2us revealed the details of the thre
Among the seven emerging markets, it has been analyzed that the most significant outflow of foreign funds has occurred in South Korea in the past three months, following China. It is interpreted that foreign investors who withdrew from the Chinese stock market prefer other emerging markets like Viet
SK hynix announced on Jan. 25 that it plans to more than double the production capacity of High Bandwidth Memory (HBM) this year compared to the previous year. This move is part of the company’s strategy to capture the new demand from artificial intelligence (AI) applications.This shows the confiden
Global beauty tech company APR (CEO Kim Byung-hoon) announced on Jan. 25 that it has achieved record-breaking year-end performance in its promotion in the United States, the largest beauty market in the world.APR explained that it achieved US$24.2 billion in sales in the United States from November
The Ministry of Trade, Industry and Energy (MOTIE) announced that the amendment to the “Act on Trade Adjustment Assistance” passed through the National Assembly plenary session on Jan. 25.As part of the measures to strengthen the manufacturing sector in response to the implementation of Free Trade A
OneAsia Partners, a private equity fund management company suspected of involvement in Kakao’s illegal market price manipulation during the acquisition process of SM Entertainment, has been handed over to the prosecution. During the investigation, prosecutors reportedly uncovered additional criminal