China is in hot pursuit of Korea in the global organic light-emitting diode (OLED) display market. While Korea is still far ahead of China in terms of market share, China has caught up with Korea in terms of production capacity by 10-plus percentage points.China’s OLED display production capacity is
OLED panels are expected to surpass 50 percent adoption in smartphone displays for the first time this year.According to industry sources on July 20, OLED displays have overtaken LCDs as a dominant display ecosystem and are expanding their applications. Consumers have become pickier as they encounte
Samsung Bioepis' Humira biosimilar Hadlima (sold by Organon) has successfully been listed in the formulary recommendations list of U.S. Pharmacy Benefit Management (PBM) company Prime Therapeutics.On July 12 (local time), Prime Therapeutics announced its formulary recommendations list for Humira
Aiitone, a KOSDAQ-listed company, participated in the first global STO (Security Token Offerings) forum held in Korea and presented a blueprint for the era of STOs.Aiitone (230980, CEO Jin Yeop Lee), a fintech company based on block chain technology, participated in the Tokenomy Korea 2023 Internati
The government has decided to accelerate the exports of small and medium-sized enterprises (SMEs), create an ecosystem for startups and ventures aimed at the global market, and roll out policies for SMEs to make a global leap.The Ministry of SMEs and Startups announced the “SME Promotion Comprehensi
Apple is in talks with display suppliers to launch a foldable MacBook model, which is expected to rev up the sluggish display market.Apple is expected to launch a foldable laptop as soon as 2026, according to industry sources on July 6. Apple is in talks with suppliers to launch the foldable MacBook
Propelled by the acceleration of the next generation of K-Beauty players, South Korea’s cosmetic exports have surpassed 10 trillion won for two consecutive years.According to the Ministry of Food and Drug Safety on July 6, domestic cosmetic companies’ exports last year were 10.2751 trillion won (US$
Chairman Koo Kwang-mo of LG Group, Vice Chairman Kim Dong-kwan of Hanwha, and Chairman Koo Ja-yeon of LS are among the conglomerate heads accompanying President Yoon Suk-yeol on his visit to Europe. Chairman Lee Jae-yong of Samsung Electronics, Chairman Chey Tae-won of SK Group, and Chairman Chung E
On July 6, the Ministry of SMEs and Startups announced that its minister, Lee Young, held a meeting with Abdullah bin Touq Al Marri, the UAE Minister of Economy, in the 63 Building in Yeouido, Seoul, to discuss strengthening the cooperation between small and medium-sized venture businesses.The minis
“China’s OLEDs for smartphones have strong price competitiveness,” said Lee Chung-hun, CEO of UBI Research, at the 2023 OLED & Micro Display Seminar at the Federation of Korean Industry Tower in Seoul on July 5. “China will hog the market for organic light-emitting diode displays for smartphones.”Ac
Plans to provide incentives for foreign workers who have worked in one workplace for a year after their first entry into the country are being pursued. This is due to the many small and medium-sized enterprises (SMEs) struggling with labor shortages caused by frequent job changes by foreign workers.
The Korean government will grant tax benefits to investments in video content production equivalent to investments in the nation’s strategic technologies such as semiconductors. This is aims to grow Korean content as an export-oriented industry and help Korea take off to become one of the world’s fo
With regard to batteries, the mood is changing in Europe, which has been pushing for battery self-sufficiency to lower its dependence on Korea for batteries. With the proliferation of startup battery companies in Europe, demand for battery materials is expected to surge there. Faced with technologic
It has been 30 years since Korea began hiring foreign workers in earnest with the introduction of the Industrial Trainee System in 1993, which was replaced by the employment permit system in 2004. But chaos is still lingering in the field.According to small and medium-sized enterprises (SMEs) on Jul
The author is an analyst for NH Investment & Securities. He can be reached at minjae.lee@nhqv.com -- Ed.With the number of apartment units up for pre-sale in 1H23 arriving at the lowest level since 2010, unsold apartment number has slid. In terms of undersubscription ratio, however, the 1H23 figure
Hanwha has successfully conducted a demonstration test of the world's first medium-to-large scale gas turbine capable of generating more than 50% of its power from hydrogen, developed in partnership with Korea Western Power.Hanwha Impact successfully demonstrated a 59.5% hydrogen mixture in a me
The Korean Ministry of Employment and Labor has decided to increase the number of foreign workers in Korea to 110,000 in 2023, up from 50,000 to 60,000 a year for the past five years. This is the largest number since the introduction of the Employment Permit System for foreign workers in Korea.The E
Last year, companies’ debt-to-equity ratio hit an eight-year high of about 102 percent. The rising interest rate increased interest burdens and toughened business conditions. The number of zombie companies unable to cover interest expenses with operating income reached 35 percent.The interest covera
On June 13, the Korea Fair Trade Commission (KFTC) rejected a voluntary consent resolution plan proposed by Broadcom, a U.S. telecommunications semiconductor company, after being accused of abusing Samsung Electronics. This is because the KFTC judged that the amount of compensation for the damage wa
In 2022, the operating incomes of more than 1,600 listed companies in Korea fell by one-third year over year, while interest expenses shot up by one-third, indicating a general deterioration in their profitability and stability, according to an analysis.The Korea Chamber of Commerce and Industry (KC