SPC Group’s Paris Baguette will break into Latin America.According to industry sources on April 9, Paris Baguette has begun to enter the Mexican market through its U.S. subsidiary. This means that the Korean bakery giant will penetrate the Latin American market for the first time.Paris Baguette is l
Amid astronomical subsidies being poured into the semiconductor industry by countries like the United States and Japan, the South Korean government has decided to explore domestic investment incentives. There’s speculation that discussions on ‘semiconductor subsidy cash support’ could materialize, g
Thanks to the rise in TSMC’s stock price, the market capitalization gap between the Taiwanese and South Korean stock markets has widened to its largest extent in at least 21 years since 2003.According to Bloomberg, the market capitalization of the Taiwan Stock Exchange Capitalization Weighted Stock
The proportion of foreign investors in the KOSPI market has risen back to the 35 percent range. With expectations of a recovery in the semiconductor industry, a key focus of the government’s “Corporate Value-Up Program,” foreign investors are seen actively opening their wallets.According to the Kore
Coupang has been found to be cheaper than major retailers such as hypermarkets when it comes to groceries and daily necessities that drive shopping cart prices.A recent survey by market research firm Ipsos analyzed the prices of 79 products in 49 categories, including processed food, fresh food, and
The combined market share of the top three Korean battery makers is on a steady decline.SNE Research announced on April 8 that the total battery usage of electric vehicles registered in the world was about 92.4 GWh, up 27.0 percent year on year in January and February.The share of the top three Kore
Hyundai Motor and Kia Corp. have decided to use lithium-iron phosphate (LFP) batteries produced by Indian companies in their customized electric vehicle models for the Indian market. Localizing batteries that account for 40 percent of the cost of producing electric vehicles is a way to lower prices
Samsung Electronics’ largest labor union opposed wage negotiation issues has secured the right to go on strike backed by overwhelming support in a member vote, sowing the seed of the first strike in the company’s history.On April 8, Samsung Electronics’ largest union, the Nationwide Samsung Electron
Shinhan Securities has announced that the proportion of overseas stocks in accounts held by minor investors recorded 20.6 percent as of March 27, which is significantly higher than the proportion in accounts held by all individual investors, which stands at 7.6 percent.The proportion of overseas sto
Despite challenging business conditions, South Korean petrochemical companies have been disclosed to make record-high investments in research and development (R&D). This strategic initiative is seen as an endeavor to strengthen competitiveness in emerging business sectors like high-value added (spec
Deputy Prime Minister and Minister of Economy and Finance Choi Sang-mok has highlighted the need for a new growth model as South Korea transitions from a beneficiary of China’s growth to a competitor, according to a report by the Financial Times (FT) on April 8.In a recent interview with FT, Deputy
Seegene Inc., a leading South Korean company providing a total solution for PCR molecular diagnostics, announced today that Prof. Dame Jenny Harries, Chief Executive of the UK Health Security Agency (UKHSA), visited its headquarters located in Seoul Korea, on March 27.According to the company, Prof.
South Korea’s current account surplus has been in the black for 10 consecutive months as the South Korean semiconductor industry has recovered. The main positive factor is that the nation’s current account surplus is expected to continue as demand for semiconductors will grow this year.According to
While global ship orders in 2024 fell from 2023, orders for high-value-added ships such as liquefied natural gas (LNG) and liquefied petroleum gas (LPG) carriers are on the rise, bringing smiles to Korean shipbuilders.According to Clarkson Research, a British shipbuilding and shipping market analyst
Recent opinion polls suggest that former President Donald Trump is leading in the race in swing states among potential candidates for the upcoming November U.S. presidential election, raising concerns about trade pressure from the United States. During his tenure, former President Trump considered t
With the global surge in artificial intelligence (AI) prompting major tech companies like Apple to consider incorporating next-generation glass substrates in semiconductor processes, South Korean conglomerates including SKC, Samsung Electro-Mechanics, and LG Innotek have joined the fray, heralding a
With the amendment of the Export-Import Bank of Korea Act, the legal capital limit for the Export-Import Bank of Korea (Korea Eximbank) has significantly increased. However, there is a discrepancy between the government and industry regarding how and how much the government will invest in Korea Exim
Korea’s shipbuilding order intake surpassed China’s for the first time in three years in the first quarter of 2024.The Korean Ministry of Trade, Industry and Energy (MOTIE) announced that shipbuilding orders in the first quarter of this year totaled US$13.6 billion, surpassing China’s US$12.6 billio
Samsung E&A (formerly known as Samsung Engineering) has announced its first overseas order from Saudi Arabia after changing its name.Samsung E&A announced on April 3 that it held a signing ceremony with Saudi Arabia’s national oil company Aramco for the Fadhili Gas Increment Program’s Packages 1 and
Gyeongbuk Governor Lee Cheol-woo had an in-depth discussion on various mutual cooperation measures including the Saemaul movement between the two countries with Sri Lankan Prime Minister Dinesh Gunawardena at the Gyeongbuk Provincial Office on April 3.During the visit, which was attended by key gove