DL Engineering & Construction (DL E&C) announced on July 20 that it has signed an MOU with Canada’s Terrestrial Energy to cooperate in the development and deployment of small modular reactors (SMRs).Founded in 2012, Terrestrial Energy is developing integral molten salt reactors (IMSRs), a next-gener
AIA Korea announced on July 14 the debut of ‘AI Sonny,’ an artificial intelligence-based ‘younger brother’ of the Tottenham Hotspur player Son Heung-min.As the AI-based spokesperson for AIA Korea, ‘AI Sonny’ will directly engage, educate and inspire AIA customers, agents and partners in Korea to imp
POSCO International is seeking to transform itself from a trading company to an integrated company that is engaged in investing as well as trading.The company's president Joo Si-bo said at the 2030 Growth Strategy Workshop held in Gonjiam on July 12, “The era of general trading companies engaged
Korean convenience stores are speeding up their overseas expansion based on the popularity of K-pop and Korean TV shows. They are rapidly expanding their businesses in three countries -- Vietnam, Malaysia, and Mongolia. In particular, the three major Korean convenience stores are focusing on Malaysi
The author is an analyst of NH Investment & Securities. He can be reached at dongyang.kim@nhqv.com. -- Ed. Disclosure of corporate governance reports is taking root. Expectations are high that Korean firms will enter into a responsible investment virtuous cycle via strengthening of disclosure target
The authors are analysts of Shinhan Investment Corp. They can be reached at sokang@shinhan.com and kimaram@shinhan.com, respectively. -- Ed. Success of Mir M to drive full-fledged earnings growthMir M, released on 23 June, currently ranks fourth on Google Play in terms of gross sales. Daily average
Hanwha Solutions has come one step closer to becoming the world’s first company to mass-produce solar cells using perovskite. Perovskite cells are called a game changer in the photovoltaic market as they are superior to silicon photovoltaic cells in terms of efficiency, prices, production cost and f
Korean Air faces difficulties in getting approval from the U.S. competition authorities for its acquisition of Asiana Airlines.“The U.S. Justice Department strongly believes that a marriage between Korean Air and Asiana Airlines will impose restrictions on fair competition, so the merger will face d
Pernod Ricard Korea's leading premium vodka ABSOLUT announced on May 12 that it will release its new campaign "Born to Mix – Harmonizing Through ABSOLUT" campaign video.The campaign emphasizes the harmony of various people and cultures beyond the simple mixing of ABSOLUT Vodka and drinks. It con
ArkData, a Korean company specializing in data replication integrated solutions, has launched a real-time data replication solution, ‘Ark for Kafka,’ to support the Kafka platform.'Apache Kafka' is a message queue platform that manages various types of real-time data feeds. Its strengths are
Pulmuone, one of Korea’s leading companies for wholesome foods, has sponsored the Global Plant-Forward Culinary Summit 2022 hosted by the Culinary Institute of America (CIA), one of the world's leading food research institutions, to showcase its sustainable, plant-oriented foods made with its to
The author is an analyst of KB Securities. He can be reached at cygun101@kbfg.com. -- Ed. High earnings contribution from Bank; stronger earnings growth compared to rivals— Woori FG reported 1Q22 consolidated NP (attributable to controlling interests) of KRW884.2bn, above the market consensus and ou
The Korea Economic Research Institute (KERI) said in a report that Korea needs to improve its regulatory system for the commercialization of Level 3 or higher autonomous driving.According to the institute, which is affiliated with the Federation of Korean Industries, the global market for autonomous
M.Brain, the world’s first brainwave technology developed by Hyundai Mobis last year, has proven to be effective in cutting drowsy driving by up to one-third.The company announced on April 18 that a pilot project carried out for the past year showed that M.Brain cuts down drowsiness after meals by 3
EOFlow Co., a provider of wearable drug delivery solutions, announced on April 11 that its first clinical study results on the wearable insulin pump EOPatch in patients with type 1 diabetes were published in Diabetes & Metabolism Journal.This 4-week, two-center, open-label, single-arm study to evalu
Nvidia CEO Jensen Huang drew sharp attention from global foundry companies by suggesting that his company may partner with Intel to build its next-generation chips. The global No. 1 player in graphic processing units (GPUs) currently outsources the bulk of chip manufacturing to Samsung Electronics a
The National Tax Service (NTS) of Korea has reportedly launched a large-scale tax investigation into Intel Korea. The NTS announced on Feb. 22 that it has launched an intensive tax investigation into a multinational corporation after detecting tax evasion allegations. The announced coincided with th
SPC Group announced on March 24 that it is opening two Paris Baguette stores in Indonesia, one in Jakarta and the other in Bekasi. They are the third and fourth Paris Baguette stores in Indonesia, respectively.Paris Baguette, together with its local partner Erajaya Group, opened its first store in I
The popularity of blockchain games is dwindling as most of them are simple and cryptocurrency prices are falling rapidly.According to cryptocurrency market watchers, blockchain game-related transactions have continued to fall since November last year. Specifically, the daily average fell from US$160
With the prolonged COVID-19 pandemic, the Korean collaboration tool market has shown continuous growth to meet the ever-increasing needs for effective communication.Despite more and more companies adopting aggressive marketing strategies to increase their market share, there is evidently no leading