Last year, 540,000 foreign workers received year-end settlements, and the reported tax amount reached a record-breaking 1.2 trillion won (US$915.68 million).The National Tax Service (NTS) announced that the number of foreign workers who filed tax reports was 544,000, and the reported tax amount reac
In December of last year, domestic semiconductor exports recorded the highest annual growth rate yet. The prices of memory semiconductors, the main export products of Samsung Electronics and SK hynix, have consistently been on the rise.According to the Ministry of Trade, Industry, and Energy on Jan.
Hyundai Motor announced on Jan. 1 that its IONIQ 5 has been selected as “Car of the Year 2023” in Singapore. The prestigious award, hosted by Singapore's largest daily newspaper, The Straits Times, has been a significant automotive accolade in the region since its inception in 2003. Every year, newl
In a trend led by younger demographics, traditional TV viewership is diminishing, whereas the use of Over The Top (OTT, or online video streaming) services is rapidly expanding, even among the elderly. The Korea Communication Commission announced these findings in its “2023 Broadcast Media Usage Beh
A South Korea-based brokerage firm has been fined billions of won for allegedly allowing global investment banks (IBs) to short sell stocks without borrowing, ratcheting up tension in the Korean securities industry. This is because although the sanctions were imposed on the foreign-affiliated securi
In the latter half of this year from July to November, the top-ranked app in domestic shopping categories for downloads, according to data from IGAworks, is the Chinese app Temu. Temu’s monthly active users (MAU) have surged sevenfold in just three months. The market share of AliExpress, the oversea
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
With the imminent release of devices featuring AI services as core functions, closely integrated into our daily lives through smartphones and PCs, the true era of Artificial Intelligence (AI) popularization is unfolding. Devices that can summarize conversations, suggest optimal responses automatical
LS Group’s carbon free electricity (CFE) business is gaining momentum. The sub-subsidiary of LS Group, a company specializing in environmentally friendly core materials and components, has seen a sharp increase in its corporate value.According to the Korea Exchange on Dec. 13, LS Materials’ stock cl
SK bioscience, an innovative vaccine and biotech company committed to promoting human health from prevention to cure, announced that the updated COVID-19 vaccine (NVX-CoV2601) developed by Novavax, a global company advancing protein-based vaccines with its Matrix-M adjuvant, has begun to be supplied
The author is an analyst for NH Investment & Securities. He can be reached at junsup@nhqv.com -- Ed.Mirae Asset Life’s share price is moving strong in response to majority shareholders’ share purchasing activity. However, it is unclear as to how long these purchase effects will last.Share price ener
LG Household & Health Care announced on Dec. 7 that it has recorded a 300 percent increase in sales about six months since launching its first cosmetics on Japan’s leading online shopping site Qoo10.LG Household & Health Care has been steadily launching LG Household & Health Care branded products on
LG Energy Solution has successfully developed next-generation battery technology that enables a driving range of 900 kilometers on a single charge.On Dec. 7, a joint research team from LG Energy Solution and the Korea Advanced Institute of Science and Technology (KAIST) announced that they have deve
With assets totaling 10.4 trillion won (US$7.91 billion), Hankook & Company, formerly known as the Hankook Tire Group, currently ranking 40th in the business sector, has reignited a power struggle among siblings. After a slump in 2021, the management dispute between the brothers is resurfacing, mark
The Korea Airport Corporation is redrawing its future blueprint, focusing on the “golden route” between Gimpo and Haneda, expanding its role as a business shuttle airport to the capitals and major cities of Korea, China, and Japan.According to the corporation on Nov. 30, plans are underway to expand
SK bioscience, an innovative vaccine and biotech company committed to promoting human health from prevention to cure, announced that the updated COVID-19 vaccine (NVX-CoV2601) developed by Novavax, a global company advancing protein-based vaccines with its Matrix-M™ adjuvant, has received an emergen
SK earthon, a subsidiary of SK innovation dedicated to resource development, announced on Nov. 22 that it has started the shipment of crude oil produced from the Lufeng 12-3 oil field in Block 17/03 located in the northeastern South China Sea. The production of this crude oil, which commenced in Sep
CJ Logistics announced on Nov. 22 that it has signed a memorandum of understanding (MOU) with Saudi Arabia’s NESMA Group at its headquarters in the Jongno district of Seoul.Under this agreement, both companies have agreed to actively explore joint business opportunities and consider each other as pr
SK Earthon, an exploration and production (E&P) subsidiary of SK Innovation, has successfully discovered crude oil in an offshore block in Vietnam after four years. The discovery was made during the exploration stage, which is the first step in resource development, following the success of crude oi