Korea Investment Corporation (KIC), the sovereign wealth fund, has exhibited a return rate in the 7% range from January to the end of August this year. It has successfully recovered approximately 40% of losses incurred in the previous year.KIC announced on Nov. 29 that the total asset return rate fo
SK Life Science, Inc., a subsidiary of SK Biopharmaceuticals Co., Ltd., an innovative global pharmaceutical company focused on developing treatments for central nervous system (CNS) disorders and oncology, will present data on cenobamate at the American Epilepsy Society (AES) Annual Meeting, to be h
The small and medium-sized enterprise (SME) sector is urging the swift passage of the “Business Succession Support Act” currently under consideration in the National Assembly, advocating for businesses to opt for continuity rather than closure. This comes as numerous companies consider closure inste
The Korean nuclear power industry has growing anticipation for exporting nuclear power plants to Europe.Korea and the United Kingdom signed nine memoranda of understanding (MOUs) on nuclear power cooperation on the occasion of Korean President Yoon Suk-yeol’s state visit to the United Kingdom on Nov
SK hynix has narrowed its gap to within 5 percentage points of global number one in the DRAM market Samsung Electronics, buoyed by the surge in demand for artificial intelligence (AI) and its strong performance in high bandwidth memory (HBM) and other premium memory semiconductor products. The indus
With a short-term external debt ratio reaching a historically low level in the third quarter of this year, South Korea’s ability to meet external obligations is demonstrated by an increase of US$21.4 billion in net external financial assets in just one quarter. This is because debts decreased more s
It has been revealed that the overseas subsidiaries of the top four domestic commercial banks achieved high performances in the third quarter of this year compared to the previous year.With the lifting of the COVID-19 lockdown in China, KEB Hana Bank and KB Kookmin Bank saw notably significant incre
SK bioscience, an innovative vaccine and biotech company committed to promoting human health from prevention to cure, announced that the company has entered into a development licensing agreement with Hilleman Laboratories, a vaccines and biologics research and development organization committed to
The Hyundai Motor Group Innovation Center in Singapore (HMGICS) is an urban micro-factory. Urban micro-factories are characterized by a multi-vehicle, low-volume production system rather than mass production of a traditional automobile factory. Although Singapore has a small automobile market, it is
This year marks the first time that the number of countries importing Korean kimchi has surpassed 90. The global popularity of Korean kimchi, often attributed to the Hallyu wave and health trends such as vegetarianism, is leading the way in showcasing K-food on the international stage.According to t
The value of the Japanese yen is nearing its lowest point in 33 years, emerging as a hidden challenge for South Korea’s industrial sector. Key industries such as steel, automotive, and electronic components, which directly compete with Japanese counterparts, are facing weakened price competitiveness
The International Monetary Fund (IMF) has warned the Korean economy that it will fall in a low-growth slump for the next five years if it does not take proper steps to reform its structure now.According to an analysis of the IMF’s recently released annual report on Korea, the country’s gross domesti
On Nov. 14, Hyundai Engineering & Construction (Hyundai E&C) signed a strategic memorandum of understanding (MOU) with Germany’s RWE Offshore Wind, a leading energy company, to jointly develop offshore wind power and green hydrogen projects. The signing ceremony at Hyundai E&C’s headquarters in Seou
The Ministry of Trade, Industry and Energy announced on Nov. 14 that last month’s exports in the Information and Communication Technology (ICT) sector amounted to US$17.06 billion, while imports recorded US$12.61 billion, resulting in a provisional trade surplus of US$4.44 billion.Notably, the incre
HD Hyundai Oilbank has announced a long-term contract for petroleum product supply with the United States-based SUNOCO Corporation, set to commence next year. This expansion follows the company’s initial export of finished petroleum products to Hawaii in July 2021. Since 2022, HD Hyundai Oilbank has
Korea’s entrepreneurial spirit ranked among the lowest in Asia according to a report released by Amway.The 2023 Amway Global Entrepreneurship Report (AGER) reveals comprehensive data on trends around starting a business. The 2023 AGER was released on Nov. 13 in honor of the World Global Entrepreneur
In anticipation of the scheduled launch of a bitcoin spot exchange-traded fund (ETF) early next year, institutional investors have been actively engaging in trading, according to recent analysis.Korbit Research Center under the domestic cryptocurrency exchange Korbit revealed this information throug
HYOSUNG TNC has significantly advanced, obtaining an AA rating in the Morgan Stanley Capital International (MSCI) Environmental, Social, and Governance (ESG) assessment, a notable improvement from its previous position.The MSCI ESG Ratings are a globally acknowledged benchmark used by leading corpor
SK hynix announced today that it has started supplying its customers with 16 gigabyte (GB) packages of Low Power Double Data Rate 5 Turbo (LPDDR5T), the fastest mobile DRAM available today that can transfer 9.6 gigabits per second (Gbps).Since the successful development of its LPDDR5T in January, SK
The automotive industry, which grappled with severe “new car delivery crises” last year due to a shortage of vehicle semiconductor supply, is now facing concerns of semiconductor inventory surplus, according to some analysis. A sluggish demand for electric vehicles is also identified as a contributi