LG Electronics is accelerating its business expansion in the B2B sectors like delivery and logistics by focusing on robotic solutions.On April 22, LG Electronics announced that it would supply its AI autonomous delivery robot, the “LG CLOi ServeBot (double-door)” to Kakao Mobility’s “BRING” robot de
With the ongoing competition in the AI semiconductor sector, the foundry (contract chip manufacturing) industry is facing a new challenge due to stagnant demand and overcapacity. Concurrently, the rivalry for dominance in the high-bandwidth memory (HBM) segment, a crucial component in AI, is intensi
SK telecom announced on April 22 that it has been ranked first in artificial intelligence indicators among 12 major global telecommunications companies, according to a survey conducted by U.K.-based market research firm Omdia.Omdia’s report, titled “Strategies for Telcos Transitioning to Tech Compan
South Korea is expected to maintain its position as the most expensive country for smartphones in the world. Since surpassing Japan in 2021, South Korea has held onto this top spot without challenge, with forecasts suggesting it will continue to have the highest average selling price (ASP) for smart
Lee Jae-yeon, vice president of SK hynix’s next-generation semiconductor research and development division, the Global Revolutionary Technology Center, stated on April 22 that “Emerging Memory will set a new paradigm for the AI era.”Emerging Memory refers to memory technology based on new forms or p
LEGOLAND Korea Resort proudly announces becoming the first theme park resort in Korea to achieve Certified Autism Center™ (CAC) designation by the International Board of Credentialing and Continuing Education Standards (IBCCES). This certification underscores LEGOLAND Korea Resort's dedication to cr
ArkData, a specialist in real-time data replication (CEO: Ko Kwang-yeon), has announced official support for real-time data extraction and replication for the latest version of TmaxTibero's Tibero (Tibero) DBMS, Tibero 7.The product that supports replication for Tibero 7 is ArkData's 'Ark for CDC'.
The author is an analyst for Shinhan Securities. He can be reached at ldh@sinhan.com -- Ed.1Q24 review: OP of engines surpasses construction equipmentHD Hyundai Infracore posted sales of KRW1.16tr (-10% YoY), operating profit of KRW92.8bn (-39% YoY), and operating margin of 8% (-3.8%p YoY) for 1Q24.
The author is an analyst for Shinhan Securities. She can be reached at sunmi.kim@shinhan.com -- Ed.Strong top-line drives earnings surprise & annual forecast revisionHyundai Engineering & Construction posted sales of KRW8.5tr and operating profit of KRW250.9bn for 1Q24, beating consensus estimates b
Interest in the Chinese e-commerce platform that surged in the Korean market with its low-price strategy appears to be waning. The average usage time for the AliExpress app (combining Android and iOS) has plummeted to levels last seen three years ago, and the transaction volume is also at a meager l
Korea Hydro & Nuclear Power (KHNP) and Électricité de France (EDF) are vying for a contract to build nuclear power plants in the Czech Republic, which are estimated to be worth at least 30 trillion won. If KHNP wins the order, it will mark the first nuclear power export from South Korea in 15 years
The number of affiliates belonging to Korea’s conglomerates crossed 3,000 for the first time in 2023. The increase is the result of business diversification in response to an unstable global business environment, but the increase has generated many negative side effects.As of May 2023, the number of
Lotte C&T announced on April 21 that it held the 2024 Sky Run, a vertical marathon event, at Lotte World Tower in Jamsil, Seoul on April 21. The Sky Run is the largest vertical marathon event in Korea, with runners climbing 2,917 stairs from the first floor to the 123rd floor of Lotte World Tower.Sk
The Federation of Korean Industries (FKI) will hold a seminar on “Global Economic Turbulence: Prospects and Implications for the World and Korean Economy” from 09:30 on Tuesday, April 30 at the FKI Tower Conference Center in Yeouido.The seminar is being held to assess the global economic impact of r
Netflix Services Korea has begun an administrative lawsuit against Korea’s tax authorities over 78 billion won (US$57 million) in tax imposed on the OTT giant. Much attention is being paid to see how the Korean court will rule on the unfair practice of global platform companies such as Netflix not p
The New Zealand Wine Festivals, which promise an unforgettable experience of New Zealand culture and remarkable wines, are returning this year by popular demand. The events in Seoul and Busan will leverage the growth and recognition of an array of New Zealand’s premium wines.“New Zealand wine is a f
In South Korea, Samsung Galaxy is the overwhelming choice among smartphone users, while Apple’s iPhone is more popular among unmarried females and members of households with middle or higher incomes, especially those under 20.On April 21, industry reports revealed that the Korea Information Society
lecom. The goal is to boost AI service competitiveness by leveraging Korea’s world-leading semiconductor and communication technologies. As Microsoft and the Tech Big 4 have much to offer each other in business structures, this AI collaboration is expected to be a win-win for both parties.On April 2
Korean appliances are making strides in Europe, one of the world’s most conservative markets. Although the European market is known for its traditional preferences, Korean companies have carved out a strong presence by adopting tailored strategies that cater to local tastes.Last year, LG Electronics
Samsung Electronics and SK hynix are engaging in fierce competition to lead the next-generation semiconductor market in the age of artificial intelligence (AI). Both companies are striving to gain an edge through new product development and mass production timing. With Intel joining the fray, the gl