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
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
Koreans spent more than 104.4 billion minutes on YouTube in October, according to a survey.WiseApp-Retail Goods, a company that analyzes mobile applications and retail, announced on Nov. 15 that it surveyed Korean smartphone users on their YouTube usage time. The survey was conducted among 51.2 mill
Seven key areas have been proposed to lead Korea’s future in 2040. On Nov. 14, the National Academy of Engineering of Korea (NAEK) hosted the Industrial Strategy for Tomorrow (IS4T) Forum at Josun Palace Hotel to share the results of its research on global future scenarios about 2040 and Korea’s res
The author is an analyst for NH Investment & Securities. He can be reached at ys.jung@nhqv.com -- Ed.International passenger traffic climbed 11% m-m in October on the back of holiday season effects, with demand arriving strong for all routes except China. Air cargo volume also strengthened. However,
The author is an analyst for NH Investment & Securities. He can be reached at kyeongkeun.kang@nhqv.com -- Ed.T-Robotics is achieving significant milestones in the logistics robotics arena, standing as the first player in the AMR industry to secure rechargeable battery-related orders from large firms
It is expected that China will secure the top position in the South Korean cross-border e-commerce, or direct purchase, market, surpassing the United States for the first time this year. This outcome is driven by Chinese e-commerce giants such as AliExpress, which have aggressively penetrated the So
SK ecoplant is set to provide solid oxide fuel cells (SOFCs) to an upcoming data center in Ireland, a data center hub for major global tech companies.On November 2, SK ecoplant made a significant announcement, revealing the signing of a memorandum of understanding (MOU) with Ireland's Lumcloon Energ
Samsung Display filed a complaint with the U.S. International Trade Commission (ITC) against China’s BOE, the world’s largest liquid crystal display (LCD) panel maker and Samsung Display’s largest display competitor. Samsung Display claims BOE stole its technology. This is separate from an ongoing p
South Korea has set an ambitious goal to rise alongside the United States and China as one of the top three powerhouses in the global energy storage system (ESS) industry by 2036. The nation plans to capture 35% of the rapidly growing global ESS market, aiming to revitalize its currently stagnant do
POSCO Engineering & Construction (POSCO E&C) has been mandated to pay substantial compensation for its recognized responsibility in substandard highway construction in Vietnam. According to Vietnamese local media, VN Express, on Oct. 28, the Hanoi People’s Court has ordered POSCO E&C to compensate 7
Investor concerns are growing within the overseas real estate fund market as even prime overseas office buildings with low vacancy rates are showing investment losses. Particularly, as the maturity dates of real estate funds established from 2018 to 2021 are set to continue, warning signs are also o
Starting next year, foreign residents in South Korea seeking eligibility for health insurance as dependent beneficiaries must have a minimum of 6 months of residency.According to the Ministry of Health and Welfare and the National Health Insurance Service on Oct. 26, an amendment to the Health Insur
As Samsung marks the first anniversary of Chairman Lee Jae-yong’s inauguration, the company is ramping up efforts to bolster the prominence of its board. On Oct. 26, Samsung SDI and Samsung SDS held board meetings where they decided to introduce a “Senior Outside Director” system.The Senior Outside
SK Signet, the leading player in the U.S. electric vehicle fast-charging market, announced on October 18 that it had delivered its first 400kW fast charger V2 products with a scale of $4.2million to Revel Transit Inc, a specialized electric transportation company in the United States.Revel, which wa
SK hynix said it does not agree with the merger of Japan’s Kioxia and U.S.-based Western Digital.SK hynix made the announcement during its third quarter earnings call on the morning of Oct. 26.SK hynix reportedly acquired a 15 percent stake in Kioxia Holdings in 2018 through BCPE Pangea Intermediate
SK Innovation is set to embark on a mangrove reforestation project in Fiji. The project aims to contribute to solving the pressing environmental challenges that are national crises in the region, such as rising sea levels caused by global warming.SK Innovation announced that it had signed a Memorand
ST PHARM, a subsidiary of the Dong-A Socio Group, announced on Oct. 25 that its Oligo manufacturing facility, Banwol Campus, has successfully passed its regular Current Good Manufacturing Practices (cGMP) inspection conducted by the U.S. Food and Drug Administration (FDA). The company has also recei
Medytox announced on Oct. 24 that it has withdrawn its application to China’s National Medical Products Administration (NMPA), which was filed in 2018 for the import of its Meditoxin product (export name: Neuronox). Instead, the company will actively push for its entry into the Chinese market with i
Financial authorities, including the Financial Services Commission (FSC) and the Financial Supervisory Service (FSS), have uncovered allegations of stock manipulation related to a Chinese company, hereinafter referred to as Company A, which is listed on the KOSDAQ in South Korea. These allegations s