IMM Investment has joined the United Nations Principles for Responsible Investment (UN PRI) to strengthen responsible investment.As of January 2024, IMM Investment announced that it officially signed and completed the formal membership process with the UN PRI. IMM Investment stated that the membersh
Cho Dong-chul, the president of Korea Development Institute (KDI), publicly issued a stark warning on government debt, going so far as to state, “The country will collapse.” In particular, he cautioned that South Korea’s national debt-to-gross domestic product (GDP) ratio could skyrocket to over 250
SK Networks, through its US affiliate, which has expanded direct and indirect investments in early-stage companies home and abroad, harnessing its global network and investment management processes, has successfully attracted external limited partners (LPs), a rare move in the world of corporate ven
Korean Air has received approval for its merger with Asiana Airlines from Japan’s competition regulator, facing the final hurdle in its quest to become Korea’s megacarrier.The Japan Fair Trade Commission (JFTC), Japan’s competition authority, approved the merger of Korean Air and Asiana on Jan. 31.T
The government aims to prevent the manipulation of treasury stocks for the enhancement of controlling stakes without additional investments. To achieve this, it has prohibited the issuance of new shares for treasury stocks during corporate spinoffs and strengthened disclosure regulations, including
As of November last year, the National Pension Fund’s (NPS) rate of return approached double digits. Despite concerns about a global economic downturn, the strength of the stock market resulted in the evaluation of the fund’s assets surging to nearly 1 quadrillion won.The NPS Investment Management d
The Ministry of SMEs and Startups (MSS) is actively moving forward with the designation of new global innovation districts this year. Simultaneously, it is focusing its efforts on strengthening global collaboration programs to foster the venture ecosystem. The ministry plans to strengthen support fo
Samsung Electronics is set to revolutionize the Chinese smartphone market with its upcoming artificial intelligence (AI) phone, the Galaxy S24 series, featuring Baidu's generative AI. This strategy, aimed at enhancing AI service quality through collaboration with various AI partners and capturing th
At the beginning of this year, the Consumer Electronics Show (CES) 2024, the world’s largest consumer electronics and IT exhibition, brought into focus the trend of “on-device AI,” or artificial intelligence operating within the device. The emergence of devices equipped with this technology is injec
Experts are anticipating that the economic growth rate for South Korea will reach 2.2 percent this year. This aligns with the forecasts presented by the government and the International Monetary Fund (IMF), both indicating a 2.2 percent growth. It slightly surpasses the Bank of Korea’s projection of
LG Energy Solution is advancing into securing next-generation lithium metal battery technology through equity investment in Sion Power, a U.S.-based battery development venture. On Jan. 25, LG Energy Solution announced its equity investment in Sion Power, located in Arizona in the U.S., and agreed t
Seegene announced on Jan. 24 its collaboration with Microsoft to promote a technology-sharing project aimed at realizing the vision of a “World Without Disease” during a meeting in London, the U.K.Through this collaboration with Microsoft, Seegene plans to share its unique Syndromic Quantitative PCR
Representatives of foreign chambers in South Korea, including those from the United States, Europe, and Japan, have proposed plans for improvement to boost investment in South Korea.The Korea Chamber of Commerce and Industry (KCCI) held the “2024 Foreign Chamber Day: Meeting with Foreign Chambers in
Seoul Mayor Oh Se-hoon announced Seoul Smart Life Week at the Seoul Innovation Forum 2024 held in Las Vegas in the U.S. on Jan. 9.Seoul Smart Life Week is a three-year mid- to long-term plan to showcase Seoul’s innovative technology companies to the world using the city’s smart network as a foundati
The Ministry of Trade, Industry and Energy plans to inject 100 billion won into companies in advanced strategic industries and key supply chain sectors that are returning (U-turn) to Korea this year. This marks a 75% increase from the previous year. The corporate tax reduction period will be extende
Hyundai Motor Company and Kia Corporation today unveiled the ‘Active Air Skirt’ (AAS) technology that minimizes the aerodynamic resistance generated during high-speed driving, effectively improving the driving range and driving stability of electric vehicles (EVs).AAS is a technology that controls t
Financial Services Commission (FSC) Vice Chairman Kim So-young recently stated, “If more foreign financial companies expand their presence in South Korea, pioneer new markets and introduce new products, promoting innovation and competition, it will greatly contribute to the development of the South
On Jan. 17, KB Financial Group was announced as the only domestic financial company to be selected for the “Global 100 Most Sustainable Corporations in the World” by the global ESG advisory group Corporate Knights, marking its consecutive inclusion for two years.The “Global 100 Most Sustainable Corp
The government is restructuring industrial and energy technology development projects to focus on high-risk, next-generation, and large-scale tasks. There will be a significant reduction in the financial burden on companies. The plan is to transition to a demand-driven process where businesses and r
Samsung Electronics has incorporated its next-generation mobile application processor (AP), the Exynos 2400, into the latest premium smartphone, the Galaxy S24 series.On Jan. 17, Samsung Electronics hosted Galaxy Unpacked 2024 at the SAP Center in San Jose, California, in the U.S., where they unveil