Samjong KPMG (KPMG Korea) predicts that the semiconductor and smartphone markets will rebound in 2024 thanks to the full-scale commercialization of artificial intelligence (AI) technology. On the other hand, the automobile, shipping, construction, and distribution industries are likely to show slugg
As expectations for a stock market rebound rise due to the complete ban on short selling, there is an increase in related funds in the market. With investor deposits recovering to 50 trillion won in just two months, there also seems a surge in the balance of margin loans.According to the Korea Finan
S-OIL and the Korea National Council for Social Welfare (Chairman Kim Sung-i) presented the awards to eight hero firefighters, including the Best Hero Firefighter, and a combined 90 million won in cash prizes at the 2023 Hero Firefighters Award Ceremony held at the 63 Building in Seoul. S-OIL presen
As the Foreign Entity of Concern (FEOC) regulation under the U.S. Inflation Reduction Act (IRA) is set to be implemented from Jan. 1 next year, the potential benefits for domestic battery material companies are drawing attention.On Dec. 11, the battery material industry is closely monitoring the pos
Domestic battery companies are groaning under the unreasonable demands of global automotive brands. The automotive companies, both customers and joint venture (JV) partners of the battery industry, are intensifying their oppressive tactics as the demand for electric vehicles slows down. This trend o
This year marks the 60th anniversary since the release of ramen in Korea, and its export revenue has exceeded 1 trillion won for the first time in history.According to the trade statistics from the Korea Customs Service on Dec. 10, the export revenue of ramen from January to October this year reache
Analysts suggest that credit card companies partnering with mobile payment systems like Apple Pay experience initial benefits in attracting new customers, but face challenges in anticipating sustained profitability in the long run.According to sources in the financial sector on Dec. 7, Oh Tae-rok, a
Apple recently sent Apple Pay terms and conditions to three Korean credit card issuers -- Shinhan Card, KB Card, and BC Card -- proposing that they join the Apple Pay camp, according to industry sources on Dec. 5. In addition to explaining Apple Pay’s global standard contract terms such as the Apple
Hanwha Aerospace has secured a second phase contract for exporting 152 K9 self-propelled howitzers, worth approximately 3.4 trillion won, following their initial deal in August last year to export 212 units worth around 3.2 trillion won.On Dec. 4, Hanwha Aerospace announced the signing of this secon
The author is an analyst for Shinhan Securities. He can be reached at jk.ahn@shinhan.com -- Ed.The Bank of Korea (BOK) unanimously decided to leave the base rate unchanged at 3.50% for a tenth consecutive month at the November Monetary Policy Board (MPB) meeting. The number of MPB members open to th
General Motors (GM) has asked LG Energy Solution to give the U.S. automaker up to 85 percent of the advanced manufacturing production credits (AMPCs) which the Korean automaker will receive through their U.S. battery joint venture, according to industry sources on Nov. 30. This is much more than GM’
SK hynix has overtaken Samsung Electronics in the server DRAM market, nearing a 50% market share in the third quarter of this year. This surge is attributed to SK hynix’s leading position in the competition for module-type products, which include the latest standard server DRAM, Double Data Rate 5 (
The S-OIL Science Prodigy and Culture Foundation (President Hong Suk-woo) on Nov. 29 held a ceremony for the 13th Dissertation of the Year Awards and the 5th Next-generation Scientist Fellowship Awards at the headquarters of S-OIL in Gongdeok-dong, Mapo-gu, Seoul. At the ceremony co-organized by the
Coway Co., Ltd., the “Best Life Solution Company,” announced today that its Seoul-based R&D Center, the Coway Environmental Technology Research Institute, has been recognized as an international testing laboratory by the Korea Laboratory Accreditation Scheme (KOLAS) for the 22nd consecutive year.The
The government has decided to extend financial market stabilization measures, currently operating at a scale of 37.4 trillion won (US$28.77 billion), until the end of next year. Additionally, flexibility measures in financial regulations, such as the banks’ liquidity coverage ratio (LCR) and the res
The acquisition battle for South Korea’s largest shipping company HMM has narrowed to a competition between Dongwon Group and Harim Group.According to investment banking (IB) sources on Nov. 23, HMM’s bondholders, including Korea Development Bank (KDB), Korea Ocean Business Corporation, and the sell
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
The author is an analyst for NH Investment & Securities. He can be reached at bk@nhqv.com -- Ed.Although the Covid-19 pandemic has ended, it has impacted global policies and life patterns. Anti-globalization has accelerated, and the new Cold War has deepened, with regional wars erupting. While drama
Amid the global economic downturn and challenges such as weakened demand for petrochemical products as well as increased self-sufficiency in China, which is the largest market for domestic companies, the South Korean petrochemical industry is accelerating business restructuring.According to Korea Cr
La French Tech Seoul, in collaboration with the French-Korean Chamber of Commerce and Industry (FKCCI), successfully concluded the Tech4Good Tour 2023 in Seoul on the 10th, following a week-long exploration of the Korean market with a delegation of innovative startups and SMEs from France. The trans