According to market research firm IC Insights on March 25, Chinese fabless semiconductor companies’ global market share rose from 5% to 11% from 2010 to 2017, when they accounted for one-fifth of the global top 50.During the same period, American companies’ market share fell from 69% to 53% with Bro
According to the Economist Intelligence Unit’s Worldwide Cost of Living report released on March 15, Seoul and Geneva are the sixth-most expensive cities to live in among 133 cities around the world. Seoul ranked sixth in the previous year’s survey, too.“In Seoul, the prices of bread and wine are hi
A consortium consisting of Ssangyong Engineering & Construction (Ssangyong E&C), Daewoo Engineering & Construction (Daewoo E&C) has won the Woodlands Health Campus project worth U$740 Million.A consortium consisting of Ssangyong Engineering & Construction (Ssangyong E&C), Daewoo Engineering & Constr
It has been found that the number of inbound tourists from nine Southeast Asian countries – Taiwan, Thailand, Hong Kong, Malaysia, Philippines, Vietnam, Singapore, Indonesia and Myanmar – increased from 2,007,605 to 3,057,180 between 2015 and last year. For reference, a total of 3,116,505 Chinese to
The overseas initial coin offering (ICO) market is attracting much attention. The overseas ICO market shows the development of new virtual currencies and related projects and raises funds online. Concern is growing that the IPO market, a major financing channel for corporations, is likely to shrink
It has been found that South Korean builders won overseas construction projects worth a total of US$7.86525 billion from January 1 to March 9, 2018. The amount had been US$2.96189 billion during the same period of last year.Such a rapid increase is because South Korean builders are doing very well i
11 countries, including Japan and Australia, officially signed the Trans-Pacific Partnership (TPP) Agreement in Santiago, Chile on March 8 (local time). The other nine countries are Brunei, Canada, Chile, Malaysia, Mexico, New Zealand, Peru, Singapore and Vietnam. The agreement becomes effective onc
South Korean healthcare companies are launching an initial coin offering (ICO) one after another. Healthcare is the most innovative sector through blockchain technology.An ICO is not forbidden by law in South Korea but the government imposed a total ban on an ICO after cryptocurrency speculation had
An LPGA tournament will be held in Busan beginning next year. The event venue will be the Asiad Country Club where golfers played the game during the 2002 Busan Asian Games.Suh Byung-soo, mayor of Busan, Gu Young-so, president of Asiad Country Club, Mike Whan, commissioner of the LPGA and Jon Podany
The Wall Street Journal reported on March 5 (local time) that the U.S. government put a brake on Broadcom’s attempt to acquire Qualcomm, which was expected to become the largest M&A deal in the global semiconductor industry.The Committee on Foreign Investment in the United States (CFIUS) recently or
Seoul and Pyongyang agreed to hold their third summit late next month. In addition, the North clarified its will to denuclearize the Korean Peninsula, saying that it is willing to have a dialogue with Washington. South Korea’s credit rating is expected to benefit from such a drastic improvement in i
Ion Investments, which is controlled by Temasek Holdings, a sovereign wealth fund of the Government of Singapore, is selling part of its stake in South Korean pharmaceutical company Celltrion and distributor Celltrion Healthcare in a block deal worth 1.2 trillion won (US$1.12 billion).According to i
Kakao Corp, South Korea’s largest messaging app operator, is to jump into the blockchain business, which is known as a core technology of cryptocurrency. Some market watchers say the company can list its blockchain unit on the stock market by issuing its virtual currencies.Kakao said on March 5, “We
SM Line announced on February 2 that the shipping company would cooperate with global shipping companies such as Cosco and OOCL to launch an additional East Indian service. The new route was named 'EI2’ (East coast India 2 service) and will start in the first week of March.As a result, SM Line will
A recovery is being made in overseas orders to Korean builders. Amid a recovery of the global economy, orders from the Middle East and Asia shot up early this year.Korean contractors' overseas orders have reached US$6.979 billion by February this year, up 143 percent from US$2.876 biillion in the sa
Hyundai Merchant Marine will launch a new service to Europe from Asia. It is analyzed by some experts that the Korean shipping company’s cargoes to Europe were separated from services of 2M, a strategic alliance, showing its move for independence.On February 28, Hyundai Merchant Marine announced tha
Hyundai Engineering & Construction Co., one of South Korea's leading builders, has clinched this year’s first overseas deal in Singapore. The company won a part of the Tuas Port project worth US$1.1 billion (1.2 trillion won) in Singapore on Feb. 22.The Tuas Terminal Phase 2 development is a part of
The manhunt thriller film, GOLDEN SLUMBER, produced by Zip Cinema, a wholly‐owned subsidiary of Korea-based entertainment production company Spackman Entertainment Group, shall be released in Singapore on March 8 this year.Headlined by top Korean stars, Gang Dong-won and Han Hyo-joo, GOLDEN SLUMBER
With data from CBRE and Cushman & Wakefield, COMMERCIAL Café, a US-based commercial real estate listings platform, has compared the priciest office rents in the world to those in the U.S.According to the comparison on January 25, the office rents of central business district in Seoul stand at the 16
The South Korean government has revised an external audit law on subsidiaries of foreign companies, such as Google, Apple and Chanel, to force them to disclose their accurate accounting information. However, there are still legal loopholes that allow them to evade regulations.According to financial