This summer, the country has seen an unusually high number of landslides due to concentrated heavy rainfalls. In 2023, the nationwide damage from landslides amounted to 2,410 cases with 458 hectares of land lost, resulting in 15 fatalities. Business Korea had a detailed conversation with Choi Byeong
Coway Co., Ltd., the “Best Life Solution Company,” announced that it has achieved an A grade in the 2023 ESG overall ratings hosted by the Korea Institute of Corporate Governance and Sustainability (KCGS). This marks a notable improvement from the previous year's B+.The Korea Institute of Corporate
Pernod Ricard Korea is delighted to announce that Champagne Perrier-Jouët, which transforms nature into art, has launched its new global campaign "Fill your world with wonder " and entered into a partnership with French actress and director Mélanie Laurent.Since its inception, Perrier-Jouët has cons
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
While the government has been emphasizing price stability in recent times, foreign and multinational companies are exacerbating domestic price increases.According to the retail industry on Oct. 28, it has been pointed out that despite the government’s recent call for restraint in price increases, so
Founded in 1977, Hanwha Aerospace has become a leading company in the aerospace industry in South Korea. Today, its products serve not only aerospace but also the defense and marine sectors. With an unwavering focus on customer-centric quality management, technological innovation, and product compet
HD Hyundai announced on Oct. 26 that HD Korea Shipbuilding & Offshore Engineering (KSOE), a shipbuilding intermediate holding company, has signed a contract with Qatar Energy for the construction of 17 144,000-cubic-meter LNG carriers.Each of the LNG carriers ordered will be 299 meters long, 46.4 me
DL Engineering & Construction (E&C) has partnered with the Saline Water Conversion Corporation (SWCC) of Saudi Arabia to promote carbon-neutral desalination plants.On Oct. 22, local time, DL E&C announced that it signed a “Mutual Cooperation MOU for the Application of Small Modular Reactors (SMR) in
An ironic situation unfolds as foreign investors are rapidly withdrawing their investments from the domestic stock market, while the foreign ownership percentage of the total market capitalization on the KOSPI hits a 20-month high.According to the Korea Exchange on Oct. 22, the foreign ownership rat
Kolmar Korea's sun care products are extending their reach worldwide. The equation "Kolmar Korea = Sun Care" is being recognized not just in Korea but globally. The critical reasons for Kolmar Korea's sun care products achieving this world-class status lie in its technical prowess and the trust of c
On Oct. 19, Taihan Cable & Solution announced that it has been certified by U.S. energy company PSEG as a major supplier for New Jersey’s power grid. PSEG has been supplying electricity and gas to the eastern state of New Jersey for over 120 years, making it the largest energy company in New Jersey.
Korea’s information and communications technology (ICT) exports fell 13.4 percent year on year in September. The decline rate hit the lowest of the year thanks to semiconductor exports, which posted this year’s best performance in September.According to September ICT import and export data from the
The author is an analyst for NH Investment & Securities. She can be reached at jiyoony@nhqv.com -- Ed.Even taking into account seasonality (3Q), we expect Cosmax to show encouraging non-consolidated sales growth for 3Q23. Noting valuation merit (versus cosmetics ODM peers), we maintain Cosmax as our
Global leading tire company Hankook Tire will showcase its groundbreaking iON electric vehicle (EV) tires at Electrify Expo in Miami, Florida, U.S. October 14-15 and Austin, Texas, U.S. November 10-12. The company’s full suite of iON products, including the iON evo and iON evo AS tires, specially de
The author is an analyst for NH Investment & Securities. He can be reached at seungyeon.han@nhqv.com -- Ed.In November, J&J is expected to release phase II data for nipocalimab in the treatment of rheumatology. The firm has already released some of the data from its abstract for the ACR conference.
To commemorate SK hynix’s 40th anniversary on October 10, SK hynix President and CEO Kwak Noh-Jung laid out the company’s vision. “We will transform semiconductor memory, which has generally been considered as a commodity product1, into customized specialty solutions through continued innovations,”
Pernod Ricard Korea announces that JAMESON will participate as the main sponsor of “Go Out Camp” to meet national wide campers to boost its communications. JAMESON has become a favorite among campers as it fits the outdoor atmosphere and, also pairs well with camping dishes.Now in its 16th edition,
LOTTE Corporation’s 2021 Sustainability Report has been awarded Best of South Korea at the American 2023 Annual Report Competition (ARC) Awards.Now in its 37th year, the ARC Awards, organized by the U.S. corporate communications specialist MerComm, is the world’s largest annual report and sustainabi
MBK Partners’ Chairman Kim Byung-ju’s best-selling novel “Offerings” is set to be adapted into a film.Hollywood’s Anonymous Content will co-produce the movie with Anthology Studios, established by Director Kim Ji-woon and Actor Song Kang-ho.According to the entertainment industry’s esteemed media ou
Samsung Electronics has unveiled its Galaxy smartphone's AP (Application Processor) 'Exynos' after nearly two years.On the 5th (local time), Samsung Electronics held the 'Samsung System LSI Tech Day 2023' at Silicon Valley at its North American headquarters (DSA). Over 300 representatives from clien