Moody’s, the international credit rating agency, issued a forecast today stating that the exposure and risk levels of domestic banks to real estate are significant. The agency warned that the materialization of “tail risk” depends on the conditions of the real estate market. Tail risk refers to a ty
Coway Co., Ltd., the “Best Life Solution Company,” announced today that it has been named a CES® 2024 Innovation Awards Honoree by the Consumer Technology Association (CTA) for its groundbreaking BEREX Reclining Massage Bed.The CES Innovation Awards, an annual competition sponsored by the Consumer T
SK hynix is poised to commercialize its newly developed bio image sensor, aiming to secure a stronger position in the global market by not only focusing on mainstream smartphone and automotive image sensors but also pioneering unique product lines.On Nov. 21, it was reported that SK hynix unveiled i
SK Group Chairman Chey Tae-won recently commented on his relationship with ex-wife No So-young, the director of Art Center Nabi, stating, “Our marital relationship had completely collapsed well before I met someone new. For years, we were only nominally a couple, living as strangers with nothing but
Amid an economic downturn, global personal computer sales volume, which had been sluggish, is forecasted to rebound next year as the market for AI PCs, equipped with generative AI and related features, starts to open up.According to market research firm TrendForce on Nov. 9, total shipments of the g
Samsung Electronics has unveiled its in-house developed generative artificial intelligence (AI) model, known as Samsung Gauss.On Nov. 8, during the second day of the Samsung AI Forum 2023 at the Samsung R&D Campus in the Seocho district of Seoul, Samsung Gauss was presented for the first time by Sam
Samsung Electronics and SK hynix are igniting a market recovery for NAND flash, which has been slower to rebound compared to DRAM, by transitioning processes and reducing production.On Nov. 3, industry insiders forecasted that NAND would still take more time to recover due to its higher inventory le
An autonomous driving shuttle will be piloted at Incheon Airport. The airport plans to expand its use after piloting two self-driving shuttles connecting Terminal 1 and a long-term parking lot.Incheon International Airport Corporation announced on Nov. 2 that it will allow a test pilot program for a
Hyundai Engineering announced on Nov. 1 that it has built a Design Virtualization System.Hyundai Engineering plans to lead the construction industry’s virtual design field by introducing Nutanix’s Hyper-Converged Infrastructure (HCI) technology and independently building and operating its own plant
Global brands from various sectors are taking notice of the Korean market. Leading luxury brands like Gucci and PRADA have hosted large-scale events in Korea, while imported car brands such as BMW, Mercedes-Benz, and Audi are using Korea as a testbed for their products. This trend extends beyond jus
During his six-day state visits to Saudi Arabia and Qatar, President Yoon Suk-yeol secured business contracts totaling $202 billion (27.3 trillion won). With these trips, he concluded his diplomatic rounds with the “Big 3” Middle Eastern countries, which began with a visit to the United Arab Emirate
The author is an analyst for Shinhan Securities. He can be reached at jk.ahn@shinhan.com -- Ed.BOK likely to keep base rate at 3.50% given inflation and household debtAt the upcoming October meeting, we expect the Monetary Policy Board (MPB) of the Bank of Korea (BOK) to make a unanimous decision to
Regarding recent discoveries of illegal short selling involving global investment banks, Lee Bok-hyun, the head of the Financial Supervisory Service (FSS), stated on Oct. 17, “We will hold them financially responsible for a much larger amount than in the past. Criminal punishment also seems possible
KT has set its sights on extending the wireless quantum encrypted communication data transmission range from the current 2 km to 10 km by next year. Achieving lossless data exchange up to a distance of 10 km, from the ground to the stratosphere, could significantly reduce the potential hacking threa
FILA has announced today the launch of the ‘Motorcore Collection’ with global brand ambassador Han So-hee. With a heritage spanning over a century, FILA continues to partner with Han So-hee, while tapping into the brand’s rich history in sport.The ‘Motorcore Collection’ by FILA takes inspiration fro
MBK Partners’ Chairman Kim Byung-ju’s best-selling novel “Offerings” is set to be adapted into a film.Hollywood’s Anonymous Content will co-produce the movie with Anthology Studios, established by Director Kim Ji-woon and Actor Song Kang-ho.According to the entertainment industry’s esteemed media ou
While the number of foreign nationals subscribing to domestic personal medical insurance is on the rise, it has been observed that the incurred losses and loss ratios of foreign policyholders under personal medical insurance have also increased.According to the “Status of Foreign Nationals’ Personal
Signiel Seoul, the top-tier brand of Lotte Hotels & Resorts, has been recognized by the Condé Nast Traveler as the first and only South Korean hotel to be named among the 'World's Best Hotels,' it was revealed on the 6th.Condé Nast Traveler's 'Readers' Choice Awards' is a prestigious accolade, often
“We see the power of knowing this case,” said journalist-turned-director Julie Ha about her first documentary film, ‘Free Chol Soo Lee’ ahead of its release in Korea later this month. The second-generation Korean American recently traveled to Seoul for special pre-screenings, one of which took place
Samsung Electronics, which has begun substantial cutbacks in its NAND flash division in the latter half of this year, is reportedly planning a double-digit price increase as early as this month. All eyes are on how the pricing move by Samsung, a dominant player in the market, will affect other compe