As Kakao Corporation and its executives face trial over allegations of stock manipulation involving SM Entertainment, controversy arises within Kakao Pay, a subsidiary that has been pursuing the acquisition of management rights of Siebert Financial, a U.S.-based securities firm, since the beginning
The author is an analyst for NH Investment & Securities. She can be reached at eunsang.lee@nhqv.com -- Ed.While the domestic logistics center lease market is to recover gradually, we advise trimming back expectations toward lease market investment sentiment, noting mounting concerns over a general e
Germany’s abrupt suspension of subsidies for electric vehicles (EVs) sold in the country is puzzling South Korea’s auto industry, which exports electric vehicles to the region. This along with France’s plan to reorganize its EV subsidies to measure carbon emissions and provide differential subsidies
The Fair Trade Commission (FTC) of Korea has decided to promote the enactment of a platform competition promotion act, which will designate large platforms that dominate the market as market dominators and prohibit them from engaging in unfair competition practices such as getting preferential treat
Hyosung Goodsprings, a specialized pump affiliate of Hyosung Group, announced on Dec. 19 that it has become the first pump company in the Asia-Pacific region to obtain an ISO 19443 certification, an international nuclear power quality management standard.Compared to other international standards, th
Coupang is making a significant entry into the 500-trillion-won luxury market by acquiring Farfetch, the world’s largest luxury platform. Farfetch boasts a collection of 1,400 luxury brands, including Chanel and Hermes, catering to global consumers in 190 countries such as the United States and the
Paris Baguette, the bakery brand of SPC, has continued its global marketing efforts by launching an advertisement in the heart of New York City’s Times Square ahead of Christmas. This move comes after Paris Baguette had previously operated a Korean-language advertisement at the stadium of the French
Contents First, a global leader in digital comics specializing in IP development, production, distribution, and transmedia, announced today that it will begin publishing English e-book versions of romance fantasy web novels popularized by its Tappytoon reading platform. The Broken Ring: This Marriag
Mirae Asset Group has announced that its founder, Chairman Park Hyun-joo, will receive the International Executive of the Year Award at the Academy of International Business (AIB) Annual Conference to be held in Seoul in July 2024.The International Executive of the Year Award, presented by the Acade
Vietnam-based airlines are emerging as dark horses, overtaking U.S. and Chinese carriers as they increase flights between major cities in Vietnam and South Korea while launching an air ticket price war.Vietnam’s largest private carrier Vietjet Air and national carrier Vietnam Airlines ranked first a
The number of foreign residents in South Korea exceeded 1.4 million for the first time as the number of foreigners with E-9 visas working in non-professional jobs and international students increased due to the COVID-19 endemic. If including naturalized immigrants who have acquired South Korean citi
A South Korean company’s overseas gas field project, which had been suspended for nearly a year due to local opposition, has dramatically resumed thanks to intergovernmental cooperation.The Australian Maritime Safety Authority approved an environmental license for SK E&S to drill an offshore gas fie
GC Biopharma Corp’s eight-year endeavor has finally come to fruition as its blood product successfully enters the U.S. market. This achievement marks the first Korean blood product and the seventh new drug to receive approval from the U.S. Food and Drug Administration (FDA).On Dec. 18, GC Biopharma
Hanwha Aerospace has delivered an additional six K9 self-propelled howitzers to Estonia, adding to the 24 already in operation there. By 2026, when the remaining six units are delivered, Estonia will have a total of 36 K9 howitzers in operation.According to the defense industry on Dec. 18, the Eston
Samsung Heavy Industries disclosed on Dec. 18 the arbitration tribunal’s decision regarding the damage compensation for defects in the cargo holds of two liquefied natural gas (LNG) carriers they built.On Dec. 15 (local time), the London arbitration tribunal ruled that Samsung Heavy Industries must
Recent data reveals that less than 1 percent of the South Korean population, specifically the top wealth holders, possess nearly 60 percent of the total financial assets of all households. Their combined financial assets amount to 2,747 trillion won (US$2.11 trillion), with real estate assets reachi
The recent global downturn in the real estate market has exposed significant risks of substantial losses for overseas real estate funds sold by domestic banks.According to financial sources on Dec. 18, the aggregated sales balance of overseas real estate funds by the top five banks in South Korea --
Coway Co., Ltd., the “Best Life Solution Company,” announced that it is on the ‘2023 Dow Jones Sustainability Asia Pacific Index (“DJSI Asia Pacific”)’ for the 11th consecutive year. Of the 609 evaluated companies worldwide, only 156, the top 25.6%, were selected, and only 36 companies from South Ko
Starting next year, KOSPI-listed companies with assets exceeding 10 trillion won (US$7.67 billion) will be obligated to submit disclosures in English. This mandatory requirement is expected to enhance information accessibility for foreign investors.The Financial Services Commission announced on Dec.
According to the Korea Securities Depository on Dec. 17, the cumulative settlement amount for the sale of foreign stocks by domestic investors has reached US$137.05 billion as of Dec. 14 since the beginning of this year. This figure surpasses the corresponding purchase settlement amount of US$135.97