Pulmuone participated in the '2024 Consumer Electronics Show (CES 2024),' the world's largest advanced industry exhibition held from the 9th to the 12th local time in Las Vegas, Nevada, US, the 12th, and introduced menus created by the unmanned instant cooking platform 'Chulchul(which means the feel
According to market research firm Euromonitor, in 2023, the average coffee consumption per adult in South Korea reached 405 cups per year, more than double the global average of 152 cups. This marks the highest consumption rate among major Asian countries, translating to more than one cup of coffee
LG Display is set to unveil a slew of OLED strategy products boasting unique technological advancements at the world’s largest electronics and IT trade show, CES 2024. The company will showcase large OLED technologies surpassing current limitations in image quality and performance, along with next-g
Overseas luxury brands are once again raising product prices early in the new year.According to the retail industry on Jan. 2, Hermes has raised the prices of its shoe products starting from Jan. 1. Among the various models of “Oran” sandals, the one crafted from lizard leather has witnessed a subst
Last month witnessed a turnaround in domestic production and consumption with an increase, while investments declined for the second consecutive month.According to the “Industrial Activity Trends for November 2023” report released by Statistics Korea on Dec. 28, overall industrial production, exclud
Shinhan Card announced on Dec. 28 that Shinhan Finance, its subsidiary in Kazakhstan, will receive a joint investment of approximately 31 billion won over the next five years following the completion of a partnership agreement with Aster, a top-tier automotive dealer in Kazakhstan.The agreement enab
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
Chinese online retail giant AliExpress has emerged as the fastest-growing app in South Korea this year. According to WiseApp, an app and retail analytics service, AliExpress is the app that has had the most users in South Korea over the past year. AliExpress had only 3.36 million users in January, b
The author is an analyst for Shinhan Securities. He can be reached at sanghoonpure.cho@shinhan.com -- Ed.Weak top line results in first profit drop in 10 monthsOrion reported weak sales growth in November (Korea +10.9%, China -13.5%, Vietnam -5.3%, Russia -26% YoY) with effects of the Lunar New Year
Warburg Pincus, the oldest private equity firm and a leading global growth investor, today announced that, through its Warburg Pincus Asia Real Estate Fund (“WPARE”), it will establish a logistics and industrial real estate joint venture - QUBE Industrial with MQ Logistics (“MQ”), one of South Korea
The number of foreign residents in South Korea exceeded 1.4 million for the first time as the number of foreigners with E-9 visas working in non-professional jobs and international students increased due to the COVID-19 endemic. If including naturalized immigrants who have acquired South Korean citi
Art & Design International(hereinafter: Art & Design), running the Global skincare brand # OOTD Beauty, was awarded the 1 Million Dollar Export Tower award on the 60th national trade ceremony day. OOTD Beauty made its debut in the United States through offline retailers such as Macy’s, TJ Maxx and M
The number of single-person households living alone in homes across the nation has reached a record high of 7,502,000, accounting for 34.5 percent of all households. This percentage surpasses that of two-person households, three-person households, and households with four or more members, making sin
Samjong KPMG (KPMG Korea) predicts that the semiconductor and smartphone markets will rebound in 2024 thanks to the full-scale commercialization of artificial intelligence (AI) technology. On the other hand, the automobile, shipping, construction, and distribution industries are likely to show slugg
Alibaba Group’s 1688.com will open its platform in South Korea in February next year with a local partner in Korea. 1688.com is a business-to-business (B2B) platform with high price competitiveness and a wide range of products.KOSDAQ-listed Neorigin recently formed DC Virus, a joint venture with Chi
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
There has never been a more popular time for foreigners to live in or invest in Korea. While the number of foreigners declined during the pandemic due to global travel restrictions, immigration has been soaring in the last year. The number of foreign nationals residing in Korea for more than three m
This year marks the first time that the number of countries importing Korean kimchi has surpassed 90. The global popularity of Korean kimchi, often attributed to the Hallyu wave and health trends such as vegetarianism, is leading the way in showcasing K-food on the international stage.According to t
The Korea Startup Forum (Chairman Jae-Wook Park, hereinafter referred to as KSF), the organizing organization of the global startup festival COMEUP, announced that COMEUP 2023, which was held at Dongdaemun Design Plaza (DDP) for three days from November 8 to 10, attracted about 66,000 people. It was
Kia’s Chinese joint venture is grappling with the challenge of “complete capital erosion,” struggling to break free from the quagmire. In this situation, local car sales remain sluggish, and with expenses continually increasing, the scale of debt has grown further.According to Kia’s quarterly report