The number of single-person households living alone in homes across the nation has reached a record high of 7,502,000, accounting for 34.5 percent of all households. This percentage surpasses that of two-person households, three-person households, and households with four or more members, making sin
Starting on Dec. 14, the foreign investor registration system, which was considered one of the causes of the “Korea Discount,” or the undervaluation of the South Korean stock market, will be abolished.According to the financial investment industry on Dec. 12, the “Enforcement Decree of the Capital M
SK Group Chairman Chey Tae-won has not stopped his overseas business travels, going to the United States and Europe towards the end of the year in December.The SK chairman visited SK hynix America in San Jose and three affiliates and investors, including Gauss Labs and Lunar Energy, in the United St
Due to high interest rates and the economic downturn, there has been a sharp increase in households and businesses unable to meet their loan interest payments.According to banking sources on Dec. 10, the non-performing loan balance of KB Kookmin, Shinhan, Hana, and Woori Banks increased significantl
The government is opening up industrial research and development (R&D) to foreign institutions to discover and develop key technologies in areas vulnerable to becoming weak links in South Korea’s flagship industry value chains, such as “technology critical for leapfrogging,” “next-generation growth-
Although major Korean companies made extensive use of their available resources to help Busan host the 2030 World Expo, they were unable to overcome Saudi Arabia’s oil money and suffered a crushing defeat in the first round of voting. However, during the bidding process, Korea’s public and private s
Samsung Electronics’ subsidiary Harman is set to acquire the American company “Roon,” known among music enthusiasts as “the world’s best music streaming platform.” The industry expects significant synergy from the collaboration between Harman, known for its hardware prowess in sound equipment, and R
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