The Korea Fair Trade Commission (KFTC) announced on Oct. 23 that a holding company’s subsidiaries will be banned from jointly investing in its new sub-subsidiary from next year onward. In addition, every holding company must disclose data each year on its business consulting fees and real estate ren
Samsung Electronics has recently invested in quantum computing technology which can compute thousands of times faster than supercomputers. Quantum computing is a computational technology that processes data using quantum-mechanical phenomena such as "entanglement" and "superposition." IBM, Intel, Go
LG Display has reported a negative earnings surprise for the third quarter of this year.The company announced on Oct. 23 that it recorded an operating loss of 436.7 billion won in the third quarter, a turnaround from a surplus of 140.1 billion won a year ago, on sales of 5.82 trillion won, a year-on
Mega investment banks in South Korea celebrate their second anniversary next month but their business performance is still short of expectations. This is because various regulations are hindering their business as well as approvals.Their issued note balance, which constitutes their main business, to
Korea Midland Power Co. (KOMIPO) is proactively responding to the global trend of energy conversion by actively pushing forward with overseas renewable energy and Clean Development Mechanism (CDM) projects based on its expertise in power generation.KOMIPO is promoting overseas renewable energy proje
Samsung Electronics and LG Electronics are seeking to break Apple’s grip on the Japanese smartphone market with new form factors.LG Electronics will launch the G8X ThinQ (Korean model name: V50S ThinQ) through SoftBank in Japan this December, the company said on Oct. 22. The dual-screen phone is an
The Korea Economic Research Institute (KERI) held a seminar in Seoul on Oct. 21 on whether South Korea is an attractive investment destination. There, foreign entrepreneurs investing in the country expressed a lot of concerns.For example, James Kim, chairman of the American Chamber of Commerce in Ko
LG U+ has demonstrated its 5G “U+ Smart Drone” featuring artificial intelligence (AI)-based voice recognition functions and real-time high-definition video transmission.Police officers from the Siheung Police Station and Baehae Police Box participated in the demonstration, which was held in Baegot N
The South Korean government is planning to seek measures so that it can make a declaration on waiving its developing country status in the Doha Development Agenda (DDA) negotiations.The United States is currently calling for South Korea to waive its developing country status in the ongoing multilate
Daewoo Engineering & Construction (Daewoo E&C) has won a US$86 million order for the construction of a prefabrication yard of an immersed tunnel in Khor Al Zubair, southern Iraq.The builder announced on Oct. 21 (local time) that Safaa Al-Fayyadh, president of Port Authority and Kim Hyung, president
Former U.S. National Security Adviser John Bolton will visit South Korea to meet with institutional investors. He is currently an advisory member of Rhone Group, an American private equity fund.Rhone Group is scheduled to have meetings with institutional investors such as the Public Officials Benefi
Aekyung Group and Stonebridge Capital have formed a consortium to take over Asiana Airlines by being selected as the preferred bidder in the tender scheduled for Nov. 7.They announced on Oct. 21 that they would participate in the tender as a strategic investor and a financial investor, respectively.
U.S. restrictions on Huawei are affecting Samsung Electronics and SK Hynix in different ways although both are struggling with semiconductor prices falling.SK Hynix’s Q3 earnings announcement is scheduled for Oct. 24 and the company’s Q3 operating profit is estimated at 429.7 billion won. The estima
The Directorate General of Trade Remedies of the Ministry of Commerce and Industry of India launched an investigation early this month regarding safeguard application to phthalic anhydride imported from South Korea. Earlier, Indian companies requested import restrictions, saying that the import volu
SK Telecom and its subsidiary IDQ, which joined forces a year ago, have received orders for quantum cryptography-based communication networks one after another in Europe and the United States.SK Telecom announced on Oct. 20 that IDQ will participate as the number one supplier of quantum key distribu
The Korean government is planning to build electrified roads that can recharge the batteries of cars and trucks that run fast on them by 2030.The Ministry of Land, Infrastructure and Transport announced on Oct. 18 that it has established the Road Technology Development Strategy (2021-2030) to realiz
The Chinese government’s subsidy reduction and the global economic recession halted the growth of the global electrical vehicle (EV) battery market in the second half this year. Yet LG Chem, Samsung SDI and SK Innovation managed to expand their market shares in August.SNE Research, an energy market
KB Financial Group expands its global business based on a strategic alliance with Stifel, a U.S.-based investment banking company.According to industry sources, KB Financial Group chairman Yoon Jong-kyoo and Stifel chairman Ron Kruszewski are going to sign a strategic partnership agreement on Oct. 2
Hyundai Motor Co.’s German market share hit an all-time high last month with its small cars such as the Kona SUV gaining more and more popularity and its technological strength reappraised.The Federal Motor Transport Authority of Germany and the European Automobile Manufacturers Association announce
The Korea International Trade Association announced on Oct. 20 that a total of 33 anti-dumping and safeguard investigations were newly launched against South Korea from September 2018 to September 2019.The investigations are divided into 17 safeguard investigations and 16 anti-dumping investigations