The government plans to invest 500 billion won over the next five years in five additional specialized complexes for materials, parts, and equipment, aiming to develop them into core bases for the supply chain. Space, aerospace, defense, and hydrogen are newly added as strategic technology sectors,
K-Beauty’s diversification of export products and destinations has been evident. The continued success of products like color cosmetics since last year, and a decreasing dependence on China in favor of exports to a variety of other countries, has been a notable trend.According to the Korea Customs S
Domestic individual investors have surpassed the milestone of holding over 113 trillion won in overseas stocks, marking a historic high. With the KOSPI index rising by 3 percent in the first quarter of this year, major foreign markets such as the United States and Japan surged by over 10 percent, de
On April 3, both the KOSPI and KOSDAQ indices began trading with declines of over 1 percent.With foreign capital inflows continuing throughout the year, the market capitalization share in the securities market has been steadily increasing. There are expectations that the optimism surrounding the gov
Hanwha Group’s acquisition of Australian defense company Austal has hit a snag. The challenge arose because Austal indicated that obtaining approval for the acquisition from Australian and U.S. authorities would be difficult, effectively rejecting the proposal.According to Reuters on April 1 (local
Samsung Electronics is set to reveal its “dream memory,” three-dimensional (3D) DRAM, in 2025, marking a first in the semiconductor industry. The move is seen as Samsung reigniting its “technology gap” in the high bandwidth memory (HBM) market where it has previously lost ground to SK hynix.Accordin
SK C&C announced on April 2 that it has supplied cloud-native technology to CJ Logistics’ new home delivery system dubbed “LoIS Parcel.”LoIS Parcel, which CJ Logistics has been working on for three years since 2021, is a digital delivery system that can handle ultra-high volumes of up to 20 million
SK hynix has successfully attracted trillions of won in funds in its corporate bond demand forecast, achieving a successful fundraising campaign.According to investment banking industry sources on April 1, SK hynix (AA) successfully raised a total of 2.86 trillion won (approximately US$2.11 billion)
At the 47th regular shareholders’ meeting held on March 28, Ssangyong Engineering & Construction announced that it achieved a profitability turnaround in 2023 as it approved the financial statements for the year.In the 2023 fiscal year, the company achieved sales of 1.44 trillion won (US$1.06 billio
Despite Chinese online shopping platforms like AliExpress, Temu, and Shein entering the South Korean market with competitively priced products, a survey reveals low satisfaction levels among domestic consumers.On April 1, the Korea Chamber of Commerce and Industry conducted a survey of 800 consumers
SK hynix announced on April 1 that it has developed the semiconductor industry’s first neon gas recycling technology in collaboration with the domestic specialty gas company TEMC. This achievement comes just over a year after starting the development of recycling technology with a domestic material,
Amid the global AI boom, there are forecasts suggesting that the revival of memory exports in South Korea could potentially boost the first-quarter performance of Samsung Electronics and SK Hynix.According to Bloomberg Intelligence, a research institution under Bloomberg, Senior Analyst Masahiro Wak
Korea’s inheritance tax is too high compared to G7 countries, leading to the Korea discount (the undervaluation of the Korean stock market) and discouraging investment, according to a proposal to adjust it to a reasonable level in this year’s tax law revision.“Over the past 30 years, G7 countries ha
As the polarization of wages between employees of large and small companies has become a big social issue amid concerns about low growth, attention has been focused on the wages of those at large companies rising rapidly every year.The Korea Enterprises Federation (KEF) has sent out recommendation l
According to sources in the shipping industry on March 28, Gemini Cooperation, a shipping business alliance between the world’s No. 2 shipping company Maersk and No. 5 Hapag-Lloyd to go live in February next year has proposed a plan to exclude Busan Port of South Korea and ports of Japan, Vietnam, a
Hankook & Company, the holding company of Hankook Tire & Technology (Hankook Tire), held its 15th annual shareholders’ meeting at its headquarters in Pangyo, Seongnam, Gyeonggi Province, on March 28. At the meeting, it passed a proposal to establish a provision for interim dividends. Hankook & Compa
SK Innovation announced at its shareholder meeting held on March 28 that it will reassess numerous businesses it has aggressively pursued so far. The company expressed its intention to focus on select ventures and concentrate its efforts.According to industry sources on March 28, SK has been conduct
According to market research firm Omdia on March 28, Samsung Electronics fell to third place in the global semiconductor company revenue rankings last year. The annual sales of Samsung Electronics’ semiconductor (DS) division were reported to be US$44.374 billion, marking a 33.8% decrease from the U
Samsung Electronics has introduced a sample version of its next-generation graphics DRAM, GDDR7. Graphics DRAM, along with High Bandwidth Memory (HBM), is considered a profitable product in the Artificial Intelligence (AI) memory lineup.According to industry sources on March 28, Samsung Electronics
Kwon Eon-oh, vice president of High Bandwidth Memory (HBM) Product Innovation (PI) at SK hynix, stated on March 28 that “the next-generation HBM not only has to excel in functionality as a given but also needs to evolve into a form that can play roles beyond memory, offering differentiated specialty