“Samsung Gauss will go beyond simply understanding and generating language to maximize interactions between users and devices and provide a more intuitive and natural user experience,” said Lee Joo-hyung, vice president of Samsung Research, in a demonstration of Samsung Gauss at the Samsung Develope
Hana Bank announced its achievement in winning the “Best Private Bank in Korea" award for 2023 at the 15th Global Private Banking Awards co-hosted by global financial publications The Banker and Professional Wealth Management (PWM). This marks the bank’s 11th win since first receiving the award in 2
LG Group Chairman Koo Kwang-mo is facing the first inheritance dispute in LG’s history since its founding in 1947. For 75 years, the company had not experienced any property disputes, including control of the business, but it has become embroiled in litigation for the first time in this case.Accordi
Forbes today unveiled its 2023 Asia’s Power Businesswomen list, honoring 20 successful female leaders across the Asia-Pacific region, who operate in a broad range of industries including finance and banking, property, technology and commodities. The complete list can be found in the November issue o
Following the discovery of insects in Harim’s raw chicken products, the Ministry of Food and Drug Safety (MFDS) has begun an on-site investigation into the matter.The MFDS announced that it would conduct an on-site inspection to ensure the implementation of preventive measures submitted by Harim on
The Samsung owning family is selling a portion of their Samsung Electronics shares to prepare for inheritance tax.According to the Financial Supervisory Service on Nov. 3, Hong Ra-hee, the former director of Leeum, Samsung Museum of Art; Lee Boo-jin, CEO of Hotel Shilla; and Lee Seo-hyun, chairperso
ULTRA Korea will return in 2024 to celebrate its 10th anniversary, taking place at Paradise City in Incheon, South Korea on Friday, June 7 - Sunday, June 9, 2024.The announcement comes on the heels of news of the festival’s new 3-year home at Paradise City - the expansive entertainment concept venue
A large number of young venture startup CEOs in their 30s and 40s believe that the current inheritance tax should be abolished or lowered, according to a survey.On Oct. 29, the Korea Enterprises Federation (KEF) conducted a survey on the perception of Korea’s inheritance tax system among 140 venture
Financial authorities, including the Financial Services Commission (FSC) and the Financial Supervisory Service (FSS), have uncovered allegations of stock manipulation related to a Chinese company, hereinafter referred to as Company A, which is listed on the KOSDAQ in South Korea. These allegations s
Hyundai Motor and Kia Motors have successfully settled their wage and collective bargaining agreements (CBA) without labor disputes for the second consecutive year, but the aftermath poses significant challenges. The labor unions of Hyundai and Kia have managed to secure the highest-ever wage increa
Global leading tire company Hankook Tire will showcase its groundbreaking iON electric vehicle (EV) tires at Electrify Expo in Miami, Florida, U.S. October 14-15 and Austin, Texas, U.S. November 10-12. The company’s full suite of iON products, including the iON evo and iON evo AS tires, specially de
SK pharmteco continues its trajectory to become the leading multi-modality CDMO by announcing it is acquiring a controlling interest in Philadelphia-based cell and gene therapy CDMO Center for Breakthrough Medicines (CBM), a move that will expand SK pharmteco’s technical expertise, production capaci
AiiTONE pushed forward the establishment of the branch in Korea with the UAE Royal Family. It is the first time to build the Royal Family Office in overseas countries.Bruce Jeong, the chairman of Middle Investment said at a press meeting held at Josun Palace Gangnam-gu, Seoul on the afternoon of the
SK Telecom announced on Sept. 11 that it has launched a solution that can reduce the cost of operating AWS-based cloud services by up to 40 percent.SK Telecom’s solution is a cloud cost optimization solution based on Amazon Web Services (AWS). It supports migration from Intel- and AMD-based servers
Hanwha Aerospace is set to showcase its extensive range of defence technologies at DSEI 2023 to be held from 12nd-15th September at ExCel, London.Hanwha Aerospace will unveil its K9A2 Self-Propelled Howitzer (SPH) platform fitted with the Composite Rubber Track (CRT) developed by Soucy Defense, a ke
Chung Ki-sun, president of HD Hyundai, will meet with Yasir Al-Rumayyan, governor of the Public Investment Fund of Saudi Arabia and chairman of Saudi Aramco, to discuss business cooperation during the latter’s visit to Korea from Sept. 6-8.Chung will meet with Al-Rumayyan at HD Hyundai’s headquarter
The author is an analyst for Shinhan Securities. He can be reached at hpark@shinhan.com -- Ed.Investment point 1: Domestic earnings driven by inbound touristsInbound visitors to Korea rose to 960,000 in July, reaching 66% of the 1.45mn level seen in July 2019 with triple-digit growth continuing ever
Global glass manufacturing company Corning, which has an annual revenue of 20 trillion won (US$15.09 billion), is expanding its thin glass production hub in South Korea. Thin glass is gaining attention in the mobile industry as an essential component for foldable phones. This move is seen as a choic
“Team Korea,” comprising public corporations, private enterprises, and policy funds, has successfully undertaken a massive solar project in the U.S. valued at 600 billion won.The Korea Overseas Infrastructure & Urban Development Corporation (KIND) and the PIS Fund (Plant, Infrastructure, Smart City
The news of a visit to Korea by an official from the UAE Royal Family Office (hereafter referred to as the UAE Royal Office), which has signed a business agreement with Aiitone, a KOSDAQ-listed company, is attracting attention from related industries.Aiitone (CEO Jin Yeop Lee), a fintech specialist