Cornerstone at Park Hyatt Seoul, located on Gangnam's Teheran Road, unveils two festive delights: Christmas Wreath Cake and Fresh Cream Strawberry Cake.The Christmas Wreath Cake, harmonizing traditional red and green colors, symbolizes everlasting happiness and prosperity. Crafted with two exception
The Organic Light-Emitting Diode (OLED) emissive material market is projected to exceed US$2.4 billion by 2028, with China expected to account for a significant 44% of this growth.According to market research firm UBi Research on Dec. 4, the market for emissive materials used in OLEDs is anticipated
Hanwha Systems has successfully launched South Korea’s first domestically designed and manufactured small Synthetic Aperture Radar (SAR) satellite, a low-orbit Earth observation satellite. This marks the first time a South Korean private company has independently developed, launched, and operated an
Hanwha Aerospace has secured a second phase contract for exporting 152 K9 self-propelled howitzers, worth approximately 3.4 trillion won, following their initial deal in August last year to export 212 units worth around 3.2 trillion won.On Dec. 4, Hanwha Aerospace announced the signing of this secon
Concerns are growing that the implementation of investment subsidies promised by the U.S. government to domestic semiconductor companies like Samsung Electronics may be delayed or reduced.According to the business community and semiconductor industry sources on Dec. 4, Samsung Electronics’ U.S. bran
It has been revealed that the outstanding corporate loans of the five major commercial banks in South Korea have surged by over 65 trillion won since the beginning of this year. With the government and financial authorities seeking to restrain household loans, there is increasingly intense competiti
This year has seen a significant improvement in the profits of insurance companies, largely attributed to the substantial increase in insurance gains following the introduction of the new IFRS17 international accounting standard. As banks, which have made large-scale interest income this year, are p
Two global investment banks (IB) have been reported to the prosecution for engaging in illegal short selling transactions amounting to around 56 billion won (US$42.86 million).The Seoul Southern District Prosecutors’ Office filed complaints on Dec. 3 related to alleged violations of capital market l
Hite Jinro announced on Dec. 4 that it had opened a pop-up store called “Jinro Theme Store” in Hong Kong last October to celebrate the global integration of its soju brand JINRO. A video showcasing the venue was released on YouTube on Dec. 1.The pop-up store, located near the SOGO Department Store i
LS Cable & System has announced the launch of its 5G-class Power over Ethernet (PoE) cable on Dec. 4. This product supports the world’s fastest communication speed.LS Cable & System is optimistic that their new product, Simplewide 2.0, will be a viable replacement for the expensive optical cables pr
Korea Hydro & Nuclear Power (KHNP) has signed a memorandum of understanding (MOU) with Nusantara Power, a subsidiary of the Indonesian electric power company PLN, for the introduction and construction of innovative Small Modular Reactors (SMR) in Indonesia. The MOU was signed on Dec. 1 (local time)
Hanwha Systems has announced the successful launch of its self-developed “Small SAR Satellite” from the seas south of Jeju Island at exactly 2:00 p.m. on Dec. 4. This launch marks a significant milestone as it represents the first domestic development of such a satellite in South Korea. The launch v
The author is an analyst for NH Investment & Securities. He can be reached at pk.park@nhqv.com -- Ed.Lundbeck has announced to first target TED and MS with APB-A1. The phase II study for TED should begin in 3Q24. Showing confidence in the CD40L pipeline, the firm sees superiority to IGF-1R inhibitor
Alibaba Group’s 1688.com will open its platform in South Korea in February next year with a local partner in Korea. 1688.com is a business-to-business (B2B) platform with high price competitiveness and a wide range of products.KOSDAQ-listed Neorigin recently formed DC Virus, a joint venture with Chi
The author is an analyst for NH Investment & Securities. He can be reached at kyuha.lee@nhqv.com -- Ed.In general, global IT companies expect improved earnings from 2H24 and a recovery of the Chinese market. China’s IT industry rebound is judged to be the most important point of 2024.IT industry con
The valuation of India’s largest edtech startup, which received investment from Mirae Asset, has plummeted by 86 percent in a year. Experts estimate that Mirae Asset, which invested in the company in 2021, has lost over 80 percent of its investment.India’s largest edtech startup “Byju’s,” which Mira
South Korea’s exports rose nearly 8 percent in November, marking the second month of growth after October. According to November import and export trends released by the Ministry of Trade, Industry and Energy (MOTIE) on Dec. 1, exports reached US$55.8 billion last month, up 7.8 percent from the same
Samsung Electronics is set to unveil the world’s first artificial intelligence (AI) laptop mid-December. LG Electronics and Hewlett-Packard (HP) are also planning to introduce AI laptops and Apple has announced the launch of a new MacBook Pro in South Korea. This sets the stage for a “laptop battle”
Samsung Electronics has reportedly incurred costs amounting to about 9 trillion won for chip purchases from global application processor (AP) manufacturers, including Qualcomm and MediaTek. The analysis suggests that the exclusion of Samsung’s in-house AP, Exynos, from key products due to performanc
The U.S. government has clarified a regulation denying subsidies for electric vehicles with parts made by Chinese state-affiliated companies by stating that it includes joint ventures with foreign entities outside of China if the ownership stake of the Chinese company in the venture exceeds 25%. It