The Financial Supervisory Service (FSS) has announced plans to conduct a comprehensive investigation aimed at eradicating the common practice of illegal short selling by global investment banks (IBs).In its business plan announced on Feb. 5, the FSS stated, “We will crack down on market disruptions
It has been belatedly confirmed that an Indonesian researcher working on secondment at Korea Aerospace Industries (KAI) is being investigated for alleged leakage of data related to the South Korean supersonic fighter jet, the KF-21 “Boramae.” It has been reported that a total of 49 files were discov
Expectations of an increase in the corporate value of domestic listed companies are attracting foreign capital to the South Korean stock market. Particularly, there is a concentrated buying interest in automotive stocks, including Hyundai Motor, and growth stocks in industries such as artificial int
The author is an analyst for NH Investment & Securities. He can be reached at sw.kang@nhqv.com -- Ed.While Secretary Yellen's key goal in 2023 was to secure TGA cash despite a massive fiscal deficit, the one for 2024 is to be improving the fiscal balance by using the tax revenue surplus. This implie
Pernod Ricard Korea, the Korean affiliate of the wine and spirits company Pernod Ricard, joins hands with five leading bars in Korea that pursue sustainability to conduct the responsible drinking campaign “Drink More Water.”Based on “Responsible Hosting,” one of the Group’s Sustainability & Responsi
Overseas organizations that conduct joint research with Korean institutions will be able to directly participate in Korea’s national R&D projects as lead and joint R&D organizations.To ease the burden of R&D expenses for companies conducting international joint research, international joint R&D expe
HD Hyundai is teaming up with global small modular reactor (SMR) leaders to explore the offshore nuclear market.HD Korea Shipbuilding & Offshore Engineering (KSOE), a shipbuilding intermediate holding company of HD Hyundai, recently held a technology exchange meeting to jointly develop molten salt r
Chinese shipyards are sweeping up orders for methanol-powered ships, an eco-friendly, low-carbon type of vessel, as South Korea’s shipbuilding industry seeks to take orders for high-value vessels. In particular, China is expanding orders based on its capacity to produce and supply methanol, raising
ONDA, a South Korean hospitality technology startup, has forged a strategic partnership with Dunqian International, a leading Taiwanese hotel group, to promote tourism in Taiwan.ONDA announced it has signed a Memorandum of Understanding (MOU) with Dunqian International, Taiwan's leading smart hotel
The South Korean battery industry, on the brink of achieving an annual export milestone of US$10 billion, has seen a slowdown in its growth momentum. This deceleration is attributed to a reduction in battery demand due to a slowdown in electric vehicle (EV) demand, along with the relocation of produ
Hanwha Group is showcasing its cutting-edge aviation technology, including fighter jet engines, to countries in the Middle East, including Saudi Arabia.Hanwha Aerospace, Hanwha Systems, and Hanwha Ocean, the defense affiliates of Hanwha Group, announced their participation in the World Defence Show
SK E&S is set to bolster its collaboration with Australia in the development of liquefied natural gas (LNG) resources and the application of carbon capture and storage (CCS) technology for the production of blue hydrogen.On Feb. 2, a meeting was held at the SK Seorin Building in the Jongno district
South Korea has emerged as the leader in mobile communication speed among major countries in the Asia-Pacific region, with its 5G technology also ranked as the fastest globally.According to OpenSignal, a British market research firm, South Korea recorded the fastest mobile download speed of 140.2 Mb
FILA announced on Feb. 5 that Chairman Gene Yoon met FILA+ Creative Director Lev Tanju in Seoul on Feb. 1 to discuss their upcoming global premium line, marking a momentous step in the brand’s history spanning over 100 years.Tanju, the founder of world-renowned skatewear brand Palace and one of the
The government plans to allocate 910 billion won (US$679.87 million) to a seed fund, intending to establish a 1.7 trillion won venture capital. Notably, the government’s investment is scheduled to be executed entirely within the first quarter, providing a ray of hope for the cash-strapped venture in
The government has announced its plan to expand the global Korean cuisine industry to a scale of 300 trillion won by 2027. The strategy involves increasing the number of overseas Korean restaurants to 15,000 and more than tripling the number of Michelin-starred Korean restaurants compared to the cur
The upcoming introduction of Alibaba Group’s B2B shopping platform “1688.com” to the domestic market has raised concerns within the domestic e-commerce industry. The sector is already grappling with the competitive pricing strategies of Chinese direct procurement platforms such as AliExpress and Tem
Hana Securities announced on Feb. 1 that it is establishing a foreign investment solution team to expand its customer base to non-resident foreigners.Last year, the foreign investor registration system, which had been criticized as one of the obstacles for foreign investors in domestic investments,
The defense affiliates of Hanwha Group, including Hanwha Aerospace, Hanwha Systems, and Hanwha Ocean, will be participating in the World Defense Show 2024 (WDS 2024), held in Riyadh, Saudi Arabia from 4th to 8th Feb. With geopolitical crises increasing security demands in key Middle East regions, Ha
GS E&C’s business license has been suspended for eight months for the collapse of an underground parking lot that occurred in 2023. A lot of attention is now being paid to whether its business operations will be affected by the suspension.According to sources in the construction industry on Feb. 2,