Amid increasing global gaming demand, Samsung Electronics and SK hynix are intensifying their efforts to penetrate the “Graphics Double Data Rate (GDDR)” market, a type of high-performance DRAM dedicated to graphics.According to a report from U.S.-based market research firm Industry Growth Insights
Lee Chan-hee, chairman of Samsung Group’s independent corporate compliance oversight committee, has raised the need for a group control tower. Given the immense scale of Samsung’s organization, he argues that having a control tower is essential to ensure efficiency and unity.According to industry so
Naver has unveiled HyperClova X, a new generative artificial intelligence (AI) platform. Naver will build an AI ecosystem and establish a model for mutual growth with Korean startups through the AI platform.At the DAN23 Conference held at the Grand InterContinental Seoul Parnas on Aug. 24, Choi Soo-
The overseas subsidiary capital of Mirae Asset Securities has exceeded 4 trillion won (US$2.99 billion). It is the largest among domestic securities firms. The net profit earned overseas is also steadily increasing.According to the investment banking industry on Aug. 22, the capital of Mirae Asset S
Postbiotics specialist company bereum Co., Ltd. (CEO Han Kwon-il) announced on July 27 that it has registered a U.S. patent for the prevention and improvement of muscle loss from the Enterococcus faecalis bacterial strain (EF-2001).As we age, we become weaker and slower than when we were young. This
On June 30, 2022, Samsung Electronics became the first company in the world to start volume production of chips via a 3-nm foundry procedure.The 3-nanometer era is expected to create a big change in the semiconductor market over the next decade. The 3-nm era will bloom in earnest with 3-nm chips pow
Pernod Ricard Korea announced that it will open its world’s No. 1 Irish whisky Jameson ‘Distillery on Tour,’ a pop-up space recreating the essence of the Jameson Distillery in Dublin. The pop-up will run until August 23 in the atrium on the first floor of Seoul’s landmark Lotte World Mall.Distillery
Convenience store GS25 and food company Ourhome, who participated in the 25th World Scout Jamboree held in Saemangeum, Jeollabuk-do, have come under fire for their poor management.According to industry sources on the 8th, Ourhome, who operated the catering and concession stands, food trucks, etc., a
The author is an analyst for NH Investment & Securities. He can be reached at jaemin.ahn@nhqv.com -- Ed.We anticipate the unveiling of specifics regarding Kakao’s AI business model from October. The expansion of advertising in open chat and the Friends Tab should be a key point in the firm’s earning
The rise of Poland as a prominent hub for Eastern European electric vehicle battery and defense industries has positioned it as a strategic focal point for domestic and international corporations. The recent collaboration with Ukraine’s reconstruction efforts has also attracted attention from domest
In July, Korean-based carmakers’ sales in Korea fell for the first time in 11 months.According to the Korea Automobile Manufacturers Association (KAMA) on Aug. 1, the domestic sales including complete knock down car sales of five Korean-based carmakers including Hyundai Motor, Kia Corp., GM Korea, a
In the U.S., the world's largest electric vehicle market, Hyundai and Kia have successfully made it into the top 10 manufacturers by sales volume for the first half of this year (January-June), but they face intense competition from traditional German powerhouses, namely BMW, Mercedes-Benz, and
LG Electronics is releasing washing machines and dryers that can install and uninstall apps just like a smartphone. The company, which has previously focused on producing quality hardware products, plans to expand its business to include services and subscriptions that utilize these products.Ryu Jae
Global brand Chevrolet starts full-fledged sales today with the official launch of ‘THE NEW TRAILBLAZER’ in Korea.Debuted in the global market in 2020, the Chevrolet Trailblazer is a model that sets the standard for a premium compact SUV with unique designs that can be selected according to consumer
Malicious code has been discovered in Chinese-made measurement devices supplied to government agencies. The National Intelligence Service (NIS) reported that the malicious code was pre-installed in the Chinese equipment before delivery, and they have decided to investigate all Chinese-made devices d
Amorepacific announced on July 19 that it has become the first Korean company to join the International Collaboration on Cosmetics Safety (ICCS).The ICCS, which was launched in February this year, is a global initiative comprising cosmetics manufacturers, industry associations, and animal protection
LG Uplus has been fined 6.8 billion won for a breach earlier this year that leaked information on over 300,000 customers. On July 12, the Personal Information Protection Commission imposed a fine of 6.8 billion won (US$5.3 million) and a penalty of 27 million won on LG Uplus for violating personal i
Recently, Samsung Electronics has improved its process yield (the ratio of good products) to over 75% for its 4-nm process, leading to speculation that it could expand its major clients for semiconductor foundry (contract manufacturing).On July 11, Park Sang-wook, a researcher at Hi Investment & Sec
Coway Co., Ltd., the “Best Life Solution Company,” has once again received recognition as one of South Korea’s “Best Korea Brands 2023” by Interbrand, a global brand consultancy. This achievement marks the company's 9th consecutive year of being included among South Korea's top brands.Every
The author is an analyst for Shinhan Securities. He can be reached at jk.ahn@shinhan.com -- Ed.BOK in a bind, unable to raise or cut ratesConsumer price inflation slowed down to 2.7% YoY in June, falling to 2% levels for the first time since September 2021. Contribution to CPI growth by category cam