Hyundai Oilbank, led by CEO Chu Young-min, has embarked on entering the North American market by supplying lubricant products, specifically the XTeer series, to the global industrial vehicle manufacturing company HD Hyundai XiteSolution.The supplied products include lubricants such as hydraulic oil
The Ministry of Trade, Industry, and Energy (MOTIE) has announced plans to achieve a US$700 billion export target this year. To attain this goal, the ministry will tailor export strategies per market by dividing them into key, strategic and emerging categories such as the United States, China, the E
The first round of official negotiations to improve the Korea-U.K. Free Trade Agreement (FTA) are being held in Seoul.The Korean Ministry of Trade, Industry and Energy (MOTIE) announced on Jan. 23 that more than 50 delegates from both countries are participating in the negotiations, led by Ahn Chang
Pernod Ricard Korea Co., Ltd. (hereafter “Pernod Ricard Korea”) has announced that it is launching ‘The Glenlivet 21YO’, which offers unexampled softness based on The Glenlivet’s unique craftsmanship.This new product is a renewal of the existing ‘The Glenlivet 21 Year Old’. By applying a new whisky
NEOPIN, a decentralized crypto banking service, announced today that it has signed a strategic business agreement (MOU) with Catalyze Research (Catalyze), a web3 and blockchain consulting firm, and Futureverse, a metaverse, artificial intelligence (AI), and infrastructure development company, to exp
Industry predictions suggest Samsung Electronics will significantly expand its High Bandwidth Memory (HBM) production capabilities with substantial equipment investment. This intensifies the industry leadership competition with SK hynix, which is entering mass production of its fifth-generation HBM3
LIG Nex1 is set to participate in the “UMEX 2024” exhibition, focused on robotics and unmanned technologies, beingheld in Abu Dhabi, the United Arab Emirates, from Jan. 23 for a duration of three days.The company will showcase locally optimized robot and unmanned systems at the UMEX 2024 exhibition,
After surpassing LG, SK has reclaimed the second position in group market capitalization. This marks a comeback after a two-year period since January 2022 when LG Energy Solution was listed, pushing SK to the third spot in market capitalization.According to the analysis conducted by the Korea CXO Re
Military representatives from six of the countries operating the prestigious 155mm/52-calibre K9 Self-Propelled Howitzer (SPH), developed by Hanwha Aerospace, have convened in Helsinki, Finland, for the annual K9 User Club meeting.For this year’s meeting, the third of its kind since 2022, Finland, w
The author, Sam seog Ko, is a distinguished professor at the College of AI Convergence at Dongguk University and former commissioner of the Korea Communications Commission -- Ed.The global streaming service Netflix is rapidly changing the media market. Especially during the corona pandemic, media ex
The author is an analyst for NH Investment & Securities. He can be reached at jaemin.ahn@nhqv.com -- Ed.Mobile Device Distribution Improvement Act abolished 10 years after implementationOn Jan 22, the Korean government announced its decision to abolish three regulations closely related to public liv
The author is an analyst for NH Investment & Securities. He can be reached at ys.jung@nhqv.com -- Ed.Offshore fixed-cost burden is weighing on 2024 earnings momentum, but the long-term profit outlook remains favorable. LPG and ammonia carrier orders are likely to exceed targets. Rising vessel prices
Financial Services Commission (FSC) Vice Chairman Kim So-young recently stated, “If more foreign financial companies expand their presence in South Korea, pioneer new markets and introduce new products, promoting innovation and competition, it will greatly contribute to the development of the South
South Korean heavy machinery and electronic components manufacturer LS Mtron announced on Jan. 22 that it will showcase its business-to-business (B2B) solutions at a globally recognized information technology (IT) exhibition.The company will participate in the technology exhibition DesignCon 2024, s
Domestic construction companies have shown a consecutive two-year increase in the amount of construction projects secured overseas, riding an upward trend.According to the International Contractors Association of Korea (ICAK) on Jan. 22, the total value of construction projects secured by domestic c
Samsung Biologics announced on Jan. 22 that it has been awarded the Platinum medal, the highest rating given only to the top 1% of companies, in Environmental, Social, and Governance (ESG) evaluation by EcoVadis, a global sustainability assessment firm.Established in France in 2007, EcoVadis evaluat
Eric Sangyub Sung, chairman of the Korea Venture Business Association and CEO of Intellian, emphasized the necessity of globalization for the growth of venture businesses. In a New Year’s event for the innovative venture industry held on Jan. 19 at EL tower in the Seocho district of Seoul, Chairman
The government is set to implement a comprehensive plan for “smart cities” incorporating new technologies. The primary focus is accelerating the entry into foreign markets through the restructuring of the “K-City Network” project. This initiative aims to strengthen the global competitiveness of Kore
Samsung Biologics is expected to continue to post the highest growth rate in the global contract development manufacturing organization (CDMO) industry this year after posting record-high business results in 2023.A consensus forecast for Samsung Biologics’ revenue growth was 22 percent last year, ac
South Korea’s six major high-tech strategic industries have seen their shares in export markets plummet, losing ground to rival countries. The six strategic industries include semiconductors, displays, secondary batteries, future vehicles, biotech, and robotics.The six industries’ exports in 2022 wa