Flitto (CEO Simon Lee, KOSDAQ 300080), a leading language data and translation service provider, announced on the 14th that it had discussions on plans to collaborate on AI technology with three emerging AI startups representing the ASEAN region at its Seoul headquarters on the 12th.The three ASEAN
This year marks the 60th anniversary since the release of ramen in Korea, and its export revenue has exceeded 1 trillion won for the first time in history.According to the trade statistics from the Korea Customs Service on Dec. 10, the export revenue of ramen from January to October this year reache
Bukwang Pharmaceutical announced that a delegation from the state of Sarawak in Malaysia, led by Sarawak’s Minister of Education, Innovation, and Talent Development YB Dato Sri Roland Sagah Wee Inn, visited its headquarters and research center on Dec. 5 to explore collaboration possibilities with Ko
NPCore, an AI-based cybersecurity solution specialist (hereafter referred to as NPCore), with CEO Han Seung Chul, announced today that it has successfully completed raising 8 billion won in investment through a Pre-IPO. Last month, NPCore received a TI-1 grade from NICE evaluation information's inve
The export revenue of ramen, which celebrates its 60th anniversary this year, has surpassed 1 trillion won for the first time in history.According to trade statistics from the Korea Customs Service on Nov. 20, the export revenue of ramen for the first 10 months of this year reached US$785.25 million
Korea’s entrepreneurial spirit ranked among the lowest in Asia according to a report released by Amway.The 2023 Amway Global Entrepreneurship Report (AGER) reveals comprehensive data on trends around starting a business. The 2023 AGER was released on Nov. 13 in honor of the World Global Entrepreneur
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
As the sole company with a comprehensive portfolio in the naval industry, Hanwha Ocean contributes to strengthening the Republic of Korea’s naval power by leveraging world-class vessel and submarine construction capabilities.Starting with the delivery of the patrol vessel “Anyang” to the Republic of
SPC Group’s bakery brand, Paris Baguette, is set to make a full-fledged entry into the US$2 trillion halal market.SPC, a participant in the Presidential Saudi-Qatar Economic Delegation, announced on Oct. 24 that it had signed a joint venture partnership memorandum of understanding (MOU) for Paris Ba
The Korean defense industry is accelerating its penetration of the global defense market with powerful weapon systems and differentiated technological competitiveness. For example, major Korean defense companies posted record exports of US$17.3 billion in 2022 and are on track to reach US$20 billion
Fierce competition among major corporations is currently underway in the copper foil market dominated by SK Nexilis, a 100 percent subsidiary of SKC.SK Nexilis, an SK subsidiary specializing in the manufacture of copper foil for secondary batteries, and Lotte Chemical’s subsidiary Lotte Energy Mater
In 2022, the Polish government signed framework agreements to buy a total of US$12.4 billion worth of arms from major Korean defense companies. The weapons included 48 FA-50 light attack aircraft, 1,000 K2 tanks, 648 K9 self-propelled howitzers and 288 Cheonmoo self-propelled multiple launch rocket
SKC is accelerating its business restructuring efforts, actively pursuing mergers and acquisitions (M&As) and investments, while streamlining its underperforming sectors. The company is transitioning its portfolio from a chemical-focused approach, including films and basic materials, to high value-a
Despite the escalating power struggle between the United States and China leading to increased calls for decoupling from China, an analysis suggests that it may not be easy for many countries, including South Korea, among the participants in the Indo-Pacific Economic Framework for Prosperity (IPEF),
South Korean defense firms holding approximately 70 trillion won in order backlogs are actively moving forward with facility investments.According to industry sources on Sept. 12, Korea Aerospace Industries (KAI) plans to invest 1.408 trillion won (US$1.062 billion) in facility establishment and pur
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
In response to the United States’ semiconductor sanctions, China’s “Semiconductor Self-Reliance” strategy is gradually coming to the surface. Given the immediate challenge of countering U.S. sanctions, China is discreetly pouring substantial funds into attracting overseas semiconductor talent. Furth
Coway Co., Ltd., the “Best Life Solution Company,” has once again demonstrated its exceptional design expertise by securing the Silver and Bronze awards and a Finalist nomination at the International Design Excellence Awards (IDEA) 2023.Hosted annually by the Industrial Designers Society of America
Korea Easy Payment Foundation, the official operator of ZeroPay, announced the introduction of Alipay+ global cross-border digital payments and marketing solutions at over 1.7 million merchants across South Korea, in a move to further ensure a smooth and convenient experience for Asian tourists.Star
The author is an analyst for NH Investment & Securities. She can be reached at jiyoony@nhqv.com -- Ed.We hosted a non-deal roadshow (NDR) for The Nature Holdings following its 2Q23 earnings announcement. The attending institutional investors expressed interest in its timeline for overseas expansion