Hyundai Motor Group signed a memorandum of understanding (MOU) on cooperation in future mobility with Red Sea Global (RSG), a leading developer of the Red Sea and western coastal areas, in Riyadh, the capital of Saudi Arabia, on March 24 (local time).The Red Sea coastal development project is one of
The rapid increase in direct overseas purchases through Chinese e-commerce companies such as AliExpress, Temu, and Shein has led to discussions about alternative measures to mitigate the side effects. However, it has been confirmed that the proposal to tax small imported goods is closely linked to t
Last year, the amount spent in Korea through mobile devices such as smartphones and smartwatches exceeded that spent through physical cards for the first time. Thanks to the expansion of mobile payments, the average daily card usage surpassed 3 trillion won (approximately US$2.23 billion).According
The Financial Supervisory Service (FSS) announced on March 25 that it would initiate a concentrated investigation into what are colloquially referred to as “zombie companies.” These are businesses considered financially distressed, resorting to tactics such as capital increases through disguised pay
On March 25, the Federation of Korean Industries (FKI) presented a study titled “The Rise and Challenges of Shareholder Activism” that was commissioned to Kim Soo-yeon, a researcher at the law firm Gwangjang.According to data from research firm Diligent, the research indicates that attacks by activi
For the first time since the onset of the COVID-19 pandemic, the Export-Import Bank of Korea (Korea Eximbank) is preparing to establish its first overseas office in Poland, marking its initial foray into the country. The recent amendment to the Export-Import Bank of Korea Act has created the opportu
Hanwha Ocean announced on March 25 that it has secured a deal to construct eight liquefied natural gas (LNG) carriers from a shipowner based in the Oceania region. The contract is valued at 2.44 trillion won (US$1.82 billion). The company intends to build the vessels at its Geoje shipyard and aims t
The author is an analyst for NH Investment & Securities. He can be reached at pk.park@nhqv.com -- Ed.Recent ELCC data released by J&J proves that the expanded adverse reactions seen during phase III trials of Mariposa can be managed. With approval expected mid-year, now is the time to pay attention
As the United States steps up its checks on China’s semiconductor industry, China has launched a countermeasure. The Financial Times (FT) reported on March 24 (local time) that the Chinese government is advancing its efforts to replace foreign technology with domestic alternatives. According to guid
LG Chem is seeking solutions to revive its struggling petrochemical business. Splitting the petrochemical business and attracting foreign investments from the Middle East to create a joint venture are among the scenarios being discussed.Vice Chairman Shin Hak-cheol of LG Chem responded to reporters’
Samsung Electronics released a new model of its premium air purifier, the Bespoke Cube Air Infinite Line, on March 25, featuring a new filter that does not require periodic replacement. The highlight of this model is the Infinite Line Filter.The Infinite Line Filter consists of a washable sterilizat
The OLED TV market, recognized as a top-tier premium TV segment, is experiencing a breath of fresh spring air. Attention is focused on whether LG Display, the global leader in the OLED TV panel market, can turn the tide.According to market research firm Omdia on March 25, global TV shipments have be
South Korea is under subtle pressure from China following reports that it may join the United States in export restrictions against China. During a visit to China for the China Development Forum (CDF), SK hynix has been highlighted by Chinese officials emphasizing the importance of the Chinese marke
Celltrion announced on March 25 that it has received a recommendation for marketing authorization from the Committee for Medicinal Products for Human Use (CHMP) under the European Medicines Agency (EMA) for the full label of its Xolair (active ingredient: omalizumab) biosimilar “CT-P39.”The original
Samsung Electronics is reportedly pursuing the acquisition of Johnson Controls’ Heating, Ventilation, and Air Conditioning (HVAC) division with an investment of US$6 billion. This would mark the company’s first major merger and acquisition (M&A) since its US$8 billion acquisition of the automotive a
Ssangyong Engineering & Construction (Ssangyong E&C) announced on March 25 that it has simultaneously secured contracts for two luxury residence projects, “Creek Waters,” in the Dubai Creek Harbour area. Creek Waters 1 and 2, set to be located in the new residential hub of Creek Harbour in Dubai, wi
Hanmi Group announced on March 25 that it has dismissed Lim Jong-yoon, president of Hanmi Science, and Lim Jong-hoon, president of Hanmi Pharmaceutical, effective March 25.The group stated that the two presidents caused disputes over important resolutions of the Hanmi Science board of directors, inf
Among domestic construction companies, GS Engineering & Construction (GS E&C) has received the highest number of defect judgments in the last five years, with a total of 1,646 cases.According to the Ministry of Land, Infrastructure and Transport on March 24, GS E&C had 3,284 defects reported to the
AIA Group Limited has published its Environmental, Social and Governance (ESG) Report 2023, "Sustaining Healthier, Longer, Better Lives." The report highlights the strong progress of AIA's five-pillar ESG Strategy.Among the significant achievements in 2023 AIA published its first Climate Transition
SK’s oil development project, which has been aiming to become a “resourceless oil-producing country” for 40 years, is expected to record its highest performance ever this year. The plan is to maximize profitability through full-scale production in the Chinese block, for which it has secured independ