The Korea Startup Forum (Chairman Jae-Wook Park, hereinafter referred to as KSF), the organizing organization of the global startup festival COMEUP, announced that COMEUP 2023, which was held at Dongdaemun Design Plaza (DDP) for three days from November 8 to 10, attracted about 66,000 people. It was
Korea has only 0.5 percent of the world’s specialized AI talent. Out of 30 countries, Korea placed only 22nd in AI talent retention.The Federation of Korean Industries (FKI) released a report on AI Talent Acquisition Strategies and Implications for Korea, the United States and China on Nov. 20. The
“An accelerated reorganization of global supply chains that began after the U.S.-China hegemony war has led to the emergence of alternative countries as alternative production bases that can replace China,” said Lee Sang-won, head of product strategy at Korea Investment Management at an India & Viet
Korea’s real gross domestic product (GDP) is expected to rise by 2.0 percent next year from this year, according to the state-run Korea Institute for Industrial Economics and Trade (KIET) in its 2024 Economic and Industrial Outlook report released on Nov. 20. The relatively conservative forecast is
The author is an analyst for NH Investment & Securities. He can be reached at pk.park@nhqv.com -- Ed.When will global bio indices bottom out? Even if the rankings of the two largest pharmas have changed amid robust sales growth, the S&P500 Healthcare Index has continued to slide this year. We view t
The value of the Japanese yen is nearing its lowest point in 33 years, emerging as a hidden challenge for South Korea’s industrial sector. Key industries such as steel, automotive, and electronic components, which directly compete with Japanese counterparts, are facing weakened price competitiveness
Samsung Electronics and SK hynix, leaders in the memory semiconductor market, are facing intense competition from China. The Chinese government is pouring substantial funds into developing a self-sufficient memory semiconductor industry to reduce its dependency on foreign technology.According to ind
In the wake of U.S. regulations stymieing China’s semiconductor ambitions the country has shifted its focus to general-purpose semiconductors. Facing challenges in acquiring advanced semiconductor technology due to equipment import controls, China is significantly enhancing its production capacity i
The export revenue of ramen, which celebrates its 60th anniversary this year, has surpassed 1 trillion won for the first time in history.According to trade statistics from the Korea Customs Service on Nov. 20, the export revenue of ramen for the first 10 months of this year reached US$785.25 million
On Nov. 16, POSCO Group held POSCO Group Tech Day at Renault’s R&D Center in France and introduced its key eco-friendly future material technologies and main products, as announced on Nov. 19.The event was attended by over 600 people, including Kim Ji-yong, CTO of POSCO Holdings and head of the Futu
LG is accelerating its preparation for the future by expanding the operational fund size of LG Technology Ventures, established in Silicon Valley in the U.S., to 1 trillion won (US$775 million).In 2018, LG established LG Technology Ventures, a corporate venture capital (CVC) firm, in Silicon Valley
K.S.PEARL, a cosmetic ingredient specialist company established in 1986, has been supplying innovative and safe cosmetic ingredients and stands shoulder to shoulder with global material companies. Recently, K.S.PEARL has attracted the attention of the industry.This attention comes as K.S.PEARL succe
South Korean conglomerates, including Samsung and LG, are set to unveil new home appliances, mobile technologies, and mobility (automotive) solutions at CES 2024, the world’s largest electronics trade show held in the United States, embarking on extensive promotional activities.According to industry
SK ecoplant, in collaboration with EcoPro and TES, is set to establish a battery recycling plant in Hungary. This strategic move will capitalize on Hungary's status as a European Battery Production Hub, where a number of global battery and electric vehicle companies are present, ensuring a steady su
As Korea, China, and Japan continue to compete in the world shipbuilding market, China took the lion’s share of large oceangoing vessel orders in 2022, according to a report.According to an annual report on the shipping and shipbuilding markets by ship brokerage firm Barry Rogriano Salis (BRS) Group
In the ratio of corporate debt to South Korea’s gross domestic product (GDP), it has been revealed that the country has moved from the fourth to the third position globally in just three months.According to the world debt report released by the Institute of International Finance (IFF) on Nov. 16, co
Despite recent economic downturns and reduced subsidies globally leading to a slowdown in electric vehicle demand, the accumulated investments from South Korea’s three major battery companies -- LG Energy Solution, SK On, and Samsung SDI -- for this year have been confirmed to be double last year’s
As a result of President Yoon Suk-yeol’s visit to the United States for the Asia-Pacific Economic Cooperation (APEC) summit, four American companies, including General Motors (GM) and DuPont, have decided to invest a total of US$1.16 billion in South Korea.The Ministry of Trade, Industry, and Energy
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
Kolmar Korea Holdings has been recognized as a leading company in sustainable management in South Korea for the second consecutive year, owing to its achievements in environmental, social, and governance (ESG) management.The company announced on Nov. 16 that it was appointed to the 2024 Lead Group d