Global brand Chevrolet starts full-fledged sales today with the official launch of ‘THE NEW TRAILBLAZER’ in Korea.Debuted in the global market in 2020, the Chevrolet Trailblazer is a model that sets the standard for a premium compact SUV with unique designs that can be selected according to consumer
Korea Aerospace Industries (KAI) is actively pursuing exports of its FA-50 light attack aircraft to the United States, the world’s largest defense market. The export is expected to be worth 44 trillion won (US$35 billion), and, if successful, it would greatly boost the global standing of the Korean
Samsung Electronics and Apple are set to compete in a new arena this time – the smart ring market.According to sources in the information and communication technology (ICT) industry on July 10, Samsung Electronics filed a trademark application for the Galaxy Circle with the Korean Intellectual Prope
Leading global corporations from South Korea including Samsung, SK, Hyundai Motor, and LG have set up local offices around Capitol Hill and are strengthening communications with the U.S. government and Congress by recruiting high-ranking former U.S. bureaucrats and other influential figures.Last yea
It has been 30 years since Korea began hiring foreign workers in earnest with the introduction of the Industrial Trainee System in 1993, which was replaced by the employment permit system in 2004. But chaos is still lingering in the field.According to small and medium-sized enterprises (SMEs) on Jul
Country-specific lending limits at export credit agencies (ECAs) such as the Export-Import Bank of Korea (Korea Eximbank) and Korea Trade Insurance Corporation have emerged as a variable in finance for Korean defense exports. Korea exported 17 trillion won (US$17 billion) worth of defense goods to P
On July 3, the Korea Ginseng Corporation (KGC) announced that it will change its “Cheong Kwan Jang” brand, used differently at home and abroad, to “JUNG KWAN JANG.”Through the brand renewal, the brand’s identity, logo, and product package designs will be changed, and it will be reborn as a “global h
Pernod Ricard Korea, the Korean unit of the global wine and spirits company Pernod Ricard, is introducing a digital label system with a QR code in an effort to promote responsible alcohol consumption. With a pilot system application starting in July 2022 across Europe, the company is planning to int
The Korean Ministry of Employment and Labor has decided to increase the number of foreign workers in Korea to 110,000 in 2023, up from 50,000 to 60,000 a year for the past five years. This is the largest number since the introduction of the Employment Permit System for foreign workers in Korea.The E
The Hyundai and Kia labor unions are expected to demand at least 4.6 trillion won (US$3.5 billion) in performance-based bonuses alone in wage and collective bargaining negotiations for 2023. Many in the Korean business community are concerned that this will weaken the competitiveness of the Korean a
The Korean launch vehicle Nuri (KSLV-Ⅱ) carrying a total of eight satellites, successfully completed its third launch. This successful launch moved Korea closer to the dream of the New Space Era by developing technologies that can be utilized to transport satellites beyond production of simple launc
Samsung Display has rolled out the Rollable Flex and Sensor OLED Display, innovative technologies that could reshape the Organic Light Emitting Diodes (OLED) industry paradigm.Samsung Display announced its participation in Display Week 2023 held in Los Angeles, California, from May 23 to 25 (local t
An analysis says that it is necessary to prepare a comprehensive response system for possible spillover risks between crypto assets and the traditional financial system. This is because the global crypto asset market recently revealed vulnerabilities similar to those of traditional financial markets
Pulmuone, a South Korean fresh food company and the U.S. tofu market leader, announced on May 14th that the annual sales of its fresh noodle products in the U.S. stood at $72.2M in 2022, up 65 percent year on year. The company is continuing its rapid growth in Asian noodle sales in U.S. by captivati
Samsung Electronics, the provider of Samsung Pay, has notified all Korean credit card companies that it will no longer extend its free Samsung Pay service agreements with them. Credit card companies are regarding this as the sign that Samsung is planning to charge fees for Samsung Pay just like Appl
The collapse of an underground parking lot at a new apartment building that GS Engineering & Construction(GS E&C) is building in Incheon on April 29 was found to be caused by using fewer materials than required by the design.No one was killed due to the accident but the accident brought down 970-squ
Hana Financial Group announced on May 2 that it will officially sponsor and operate an exhibition pavilion at the 56th Annual Meeting of the Asian Development Bank (ADB) in Songdo, Incheon, to strengthen cooperation among global financial institutions.Through the ADB meeting, Hana Financial Group pl
The author is an analyst of NH Investment & Securities. He can be reached at yk.choi@nhqv.com -- Ed.Even if industry volatility increases, Hanwha Solutions should continue generating stable profit on: 1) a widening US sales portion; 2) AMPC benefits thanks to capacity expansion in the US; and 3) dow
Coway, the "Best Life Solution Company," announced today that it has won 3 awards in the Product category at the International Forum (iF) Design Award, marking the company's 16th consecutive year of winning this prestigious award.The iF Design Award, founded in 1953 as Die Gute Industrieform e.V
Hanwha Aerospace announced that it has invested in an Israeli start-up that has anti-jamming technology to counter interferences to signals from global positioning systems (GPS).A jamming attack that neutralizes GPS services has emerged as a new threat not only in the military field but also in the