Despite Hyundai Motor’s global factory operation rate exceeding 100% during the first half of this year, a decrease was observed in some countries, including Vietnam, compared to the same period last year.According to Hyundai’s semi-annual report on Aug. 16, excluding the Chinese joint venture, the
As the importance of carbon neutrality has been growing globally, major Korean companies are focusing on the carbon capture, utilization, and storage (CCUS) business. The idea is to collect carbon dioxide (CO₂) emitted into the atmosphere from fossil fuels to reduce greenhouse gas emissions and then
Last year, three out of four foreign recipients of unemployment benefits were Chinese nationals, including those of Korean descent, according to a recent survey. Over the past five years, the total unemployment benefits received amounted to 266 billion won (US$199.70 million), which was 784 billion
The author is an analyst for NH Investment & Securities. He can be reached at ys.jung@nhqv.com -- Ed.Jeju Air’s 2Q23 results missed consensus due to a significant drop in passenger fares. Amid concerns of a demand peak out, an expansion of short-haul capacity is likely to increase supply burden and
Over the past five years since 2018, Samsung has reduced the number of its overseas subsidiaries by approximately 100, whereas Hanwha has increased its number by more than 400, leading the group with the most overseas entities. Particularly, Samsung has actively reduced 22 of its subsidiaries in Chi
Japanese automaker Toyota has achieved a significant milestone in its history during the second quarter of this year, surpassing 10 trillion yen in revenue for the first time and outpacing the sales of Hyundai Motor Group. However, Toyota’s market share has declined in critical markets such as the U
One in five Korean exporters actually dialed up their exports over the past three years despite the COVID-19 pandemic, according to a survey.According to the survey on changes in exports before and after the pandemic released by the Korea Chamber of Commerce and Industry (KCCI) on July 30, 20.2 perc
The newly appointed CEO, Lee Hak-jae, is set to propel Incheon International Airport’s logistics services into a new era. His leadership promises to infuse fresh vitality into the airport’s logistics operations and fulfill his vision of establishing Incheon as a global logistics hub.Born in 1964, Pr
The author is an analyst for NH Investment & Securities. He can be reached at ys.jung@nhqv.com -- Ed.T’way Air’s 2Q23 OP arrived short of consensus due to larger-than-expected fare rate decline amid the off-season. The possibility of a stake sale by a major shareholder is leading to a valuation disc
The Ministry of Culture, Sports and Tourism, in conjunction with the Korea Visit Committee, will hold the “Korea Summer Beauty Sale” for a month from July 20 to August 20.The Korea Summer Beauty Sale is a public-private partnership event held with the participation of the K-Tourism Cooperation Team
GC Biopharma Corp. announced on July 18 that its quadrivalent influenza vaccine “GCFLU Quadrivalent Pre-filled syringe inj.” has received product approval from the Egyptian Drug Authority (EDA).This is the first time the company’s quadrivalent influenza vaccine has received product approval in the A
Medytox announced on July 19 that it has signed a supply contract with Vietnamese local distributor PCVN for Neuraderm. PCVN, with over 500 hospitals and spas across Vietnam as its main points of sale, is a medical device and cosmetics distributor that supplies its own brands and partner company pro
Between 2013 and 2015, during China’s economic boom, the business outlook in China was rosy for South Korean corporations. Exports to China increased, leading to an upsurge in investment. However, companies overly dependent on China have encountered significant difficulties barely a decade later.Ind
Hyundai E&C announced that it has signed an agreement with Boryspil International Airport in Ukraine on July 14 (local time) for an airport expansion project. The signing ceremony took place in Warsaw, Poland, attended by Won Hee-ryong, minister of land, infrastructure and transport; Park Sun-ho, ch
Vietnamese authorities have initiated an investigation into the concert organizers of the girl group Blackpink’s world tour, which is set to stop by Hanoi on July 29. The investigation was prompted by suspicions raised over a map posted on the organizer’s website that showed a line similar to the “N
The Korea International Trade Association (KITA) announced on July 12 that it held a contract signing ceremony for the supply of an inventory management system between domestic logistics startup ROVIGOS and Malaysia’s Parkson Department Store at its Startup Branch in Seoul.Parkson Group, a part of t
Last year, South Korea’s cosmetics exports to China fell for the first time in five years. Amid the ongoing slowdown in the Chinese market, concerns about the leakage of business secrets of domestic companies have increased due to the Chinese government’s intensified cosmetics regulations since 2020
HK inno.N announced on July 10 that it has formally launched K-CAB (Tegoprazan), a new drug for gastroesophageal reflux disease, in Indonesia.The Indonesian product name is TEZA, and Kalbe, a large pharmaceutical company in Southeast Asia, is responsible for local marketing and distribution.Kalbe ac
Korea and China are set to compete in the battery industry in Southeast Asia with high growth potential. Korean companies are investing heavily in Indonesia, Thailand, Malaysia, and Vietnam, the four largest electric vehicle markets in Southeast Asia. China, which has been blocked from entering Nort
GS25, a Korean convenience store giant operated by GS Retail, has failed to enter the Malaysian market.According to 1conomynews, a Korean media outlet, on July 9, GS25 chose Malaysia as the third country in its overseas expansion after Vietnam and Mongolia, and announced its strategy to introduce lo