Hyundai Securities said in a company analysis report on Samsung Life Insurance on Sept. 22 that Korea’s biggest life insurer is expected to continue to increase its dividends in the mid to long term as it needs to serve as a major source of funds for deferred payment of the large inheritance tax by
In the first half of this year, China’s CATL has seized a market share close to 33% in the global electric vehicle battery market, surpassing the combined market share of the top three South Korean battery manufacturers.According to energy market research firm SNE Research, global battery sales for
Amid the so-called “Huawei Shock,” with the company launching its Mate 60 Pro smartphone equipped with a 7-nm semiconductor, the U.S. is tightening its stance on China. Observers are now keenly watching how far the repercussions of this tension between the two giants will spread.As the end of the U.
Mirae Asset Securities customers have reaped over 3.5 trillion won (US$2.61 billion) in capital gains from their overseas stock investments over the past three years. Excluding confirmed capital gains, the unrealized profits from the top 10 holdings of these customers also exceed 3 trillion won.Mira
Concerns are growing among domestic businesses as former U.S. President Donald Trump has pledged to nullify President Joe Biden’s electric vehicle transition policy if elected in the 2024 presidential election.Former U.S. President Donald Trump recently criticized President Biden’s electric vehicle
SK C&C is joining forces with NEAR Protocol to expand the convergent Web3.0 service ecosystem. On Sept. 21, SK C&C revealed that they have entered into a “strategic partnership for Web3.0 business expansion” with the NEAR Foundation, which oversees the Layer1 blockchain NEAR Protocol. Through this p
Park Hyatt Seoul is pleased to introduce a luxury suite offer, ensuring guests experience even greater benefits during their extended stay. For stays of 3 nights or more, guests can enjoy up to a 25% discount on Park Suites. This offer also includes a 10% discount at hotel restaurants (Cornerstone,
The government has initiated the process of revamping the current vehicle tax, which is currently based on engine displacement, to consider factors such as vehicle price. If the criteria for vehicle taxation changes, it is anticipated that imported cars will face a significant increase in tax burden
In a collective move to fortify the digital skills pipeline, Huawei, the ASEAN Foundation, and the Southeast Asia Ministers of Education Organization (SEAMEO) today hosted the Seeds for the Future Summit 2023. Under the theme "Connect, Cultivate, Contribute for Inclusive Digital Talent Growth in Asi
It has been revealed that individuals and corporations residing in South Korea declared virtual assets held in overseas accounts last year, amounting to a staggering 131 trillion won (US$98.72 billion). This constitutes a whopping 70 percent of the total reported amount for overseas financial accoun
Hyundai Motor Group and the Georgia Institute of Technology (Georgia Tech) have officially signed a memorandum of understanding (MOU) for future mobility collaboration on Sept. 19 (local time) at the Georgia Tech John Lewis Student Center in Atlanta, Georgia. Chung Eui-sun, chairman of Hyundai Motor
SK pharmteco, the Contract Development and Manufacturing Organization (CDMO) subsidiary of SK, announced on Sept. 20 that it has acquired The Center for Breakthrough Medicines (CBM), a U.S.-based Cellular and Gene Therapy (CGT) CDMO.Last January, SK pharmteco invested US$350 million in CBM to streng
Germany has enjoyed an amicable relationship with China. But China’s economic crisis is putting Germany on pins and needles. Voices are growing in Germany that the country needs to decouple from China to reduce risks from internal issues such as a Chinese real estate slump and the US-China conflict.
SK pharmteco continues its trajectory to become the leading multi-modality CDMO by announcing it is acquiring a controlling interest in Philadelphia-based cell and gene therapy CDMO Center for Breakthrough Medicines (CBM), a move that will expand SK pharmteco’s technical expertise, production capaci
Global automakers are fiercely competing to develop platforms that serve as the skeleton for electric vehicles (EVs). Platform technology, alongside securing batteries, is seen as a key competitive edge in leading the era of EVs.According to industry sources on Sept. 19, Volkswagen Group is in the p
The European Union’s (EU) criticism of China’s electric car subsidies has led to speculation that the friction between the EU and China might result in reinforced protectionist measures, potentially disrupting the product and raw material supply chains.The tension between the EU and China commenced
On Sept. 19, a commemorative event was held at the Samsung Fire & Marine Insurance Guide Dog School in Yongin, Gyeonggi Province, celebrating the guide dog program that the late Lee Kun-hee, former Chairman of Samsung, had dedicated himself to for 30 years following his “New Management Declaration”
Therawave, a premium home care device brand, which enables the popular dermatological procedure, (Local Dynamic Microwave) lifting conveniently at home, is launching on September 18, 2023, and has appointed Kim Sa-rang as the brand ambassador.Therawave applies the technology of professional medical
JKL Partners, which has entered the race for the acquisition of HMM worth 5 trillion won (US$3.76 billion) after forming a consortium with Harim Group, is accelerating its efforts to secure funding through the sale of Lotte Insurance.According to the investment banking industry on Sept. 19, Private
The approximately US$6 billion (7.97 trillion won) in Iranian oil export revenues that had been tied up in South Korean banks due to U.S. sanctions have been successfully transferred to Iran’s account in a Qatari bank via Swiss accounts. Iran can now use these transferred funds for the purchase of h