Despite being the hot topic in the domestic market in the first half of this year, the shares of POSCO Group’s associated companies are currently experiencing a simultaneous downturn. Along with secondary battery-related companies such as EcoPro, share prices have undergone a correction, resulting i
Beverage export figures have reached an all-time high on a quarterly basis. This surge is believed to be a ripple effect resulting from the spread of Korean content such as K-pop and dramas.The Customs Office announced on Oct. 31 that the export revenue of beverages, excluding water and alcohol, acc
Asiana Airlines’ board of directors has failed to finalize its merger with Korean Air in a meeting by not reaching a conclusion on whether to sell off its cargo business division, which has emerged as a key issue in Korean Air’s corrective action plan to be submitted to the European Commission (EC).
Projections suggest that the shortage of High Bandwidth Memory (HBM), crucial for artificial intelligence (AI) semiconductors, could persist for the next three years.According to industry reports on Oct. 30, market research firm TrendForce anticipates that HBM demand this year will increase by 58% c
Hahn & Company (“Hahn & Co.”), South Korea’s largest private equity firm, announced today that it has signed definitive agreements with SK Group’s affiliate, SKC, to acquire its fine ceramics business for KRW360 billion (US$267 million).SKC’s fine ceramics business produces high-purity quartz and si
Specialized organizations have predicted that the impact of China’s graphite export control will be resolved within three months. This is because there have been similar cases in the past and it is difficult for China to consume all the graphite produced in China alone. However, South Korean battery
As corporate loan delinquencies rise, the increasing volume of non-performing loans in banks has eroded their capacity to absorb losses, leading to a deterioration in their financial health.According to Kookmin Bank, Shinhan, Hana, and Woori banks on Oct. 30, the balance of non-performing loans (NPL
The National Pension Service (NPS) Investment Management has announced on Oct. 30 that the cumulative return on its funds for the first eight months of this year stands at an impressive 10.27 percent. This represents a significant increase of 0.54 percentage points compared to the return rate of 9.7
Pernod Ricard Korea, the Korean affiliate of global wine and spirits company Pernod Ricard, announced that its Drink More Water campaign launched in June of this year successfully delivered the message of responsible drinking to approximately 5 million consumers in Korea.The Drink More Water campaig
China’s leading memory semiconductor company, Yangtze Memory Technologies Company (YMTC), has been reported as successfully developing and mass-producing 232-layer 3D NAND flash. According to South China Morning Post (SCMP) on Oct. 27, semiconductor analyst firm TechInsights revealed in a report on
The proposed merger between Japan’s Kioxia, a NAND flash memory producer, and the American company Western Digital (WD) has been called off. The merger practically required the approval of SK hynix, an indirect investor in Kioxia. However, due to the reluctance shown by SK hynix, the deal didn’t pro
The market for the next-generation HBM3E, a high-performance semiconductor for artificial intelligence within the High Bandwidth Memory (HBM) sector, is heating up. As Samsung Electronics, SK hynix, and Micron all gear up to mass-produce 5th generation HBM3E, the competition is expected to intensify
In response to a query by Ha Tae-kyung, a lawmaker from the People Power Party, on whether South Korea has made Russia aware of its intention to retaliate if the latter transfers missile or weaponry technology to North Korea, Foreign Minister Park Jin said, “Yes, we have conveyed such sentiments to
Chinese companies’ share in the European electric vehicle (EV) battery market is sharply rising. Concurrently, Korean battery companies, which have been strong players in the European market, have seen their share on the decline, losing ground to their Chinese competitors.According to market researc
A large number of young venture startup CEOs in their 30s and 40s believe that the current inheritance tax should be abolished or lowered, according to a survey.On Oct. 29, the Korea Enterprises Federation (KEF) conducted a survey on the perception of Korea’s inheritance tax system among 140 venture
The International Monetary Fund (IMF) has praised South Korea’s sound fiscal policies, stating that the country’s national debt is at an appropriate level. However, the IMF has also expressed concerns about the high levels of household debt in South Korea.According to the transcript of a press brief
While the government has been emphasizing price stability in recent times, foreign and multinational companies are exacerbating domestic price increases.According to the retail industry on Oct. 28, it has been pointed out that despite the government’s recent call for restraint in price increases, so
According to industry sources and foreign reports on Oct. 29, global automaker Ford Motor is set to reduce its initial US$12 billion investment plan for electric vehicle projects after recording approximately US$1.3 billion in losses in its electric vehicle division during the third quarter of this
Founded in 1977, Hanwha Aerospace has become a leading company in the aerospace industry in South Korea. Today, its products serve not only aerospace but also the defense and marine sectors. With an unwavering focus on customer-centric quality management, technological innovation, and product compet
In the third quarter (July-September) of this year, the Korean economy continued to grow thanks to a recovery in exports and consumption in the private sector. However, uncertainties surrounding outlooks on growth for the fourth quarter have increased with consumer and business sentiment deteriorati