The government will build 10,000 “smart plus” buildings specializing in robots, drones, autonomous vehicles and urban air mobility (UAM) by 2035.The Ministry of Land, Infrastructure, and Transport (MOLIT) announced a road map for the promotion of smart plus buildings as an innovation policy in the s
The Fair Trade Commission (FTC) of Korea has decided to promote the enactment of a platform competition promotion act, which will designate large platforms that dominate the market as market dominators and prohibit them from engaging in unfair competition practices such as getting preferential treat
Hyosung Goodsprings, a specialized pump affiliate of Hyosung Group, announced on Dec. 19 that it has become the first pump company in the Asia-Pacific region to obtain an ISO 19443 certification, an international nuclear power quality management standard.Compared to other international standards, th
DEEP IN SIGHT, spearheaded by CEO Eun-Song OH, has announced its participation at CES 2024, the esteemed international electronics exposition, scheduled to take place in Las Vegas from January 9th to 12th. The company is set to debut 'DIMENVUE,' an AI-powered portable 3D spatial information scanner.
Hyundai Mobis (KRX 012330) will unveil 20 production-ready mobility technologies at CES 2024. These include the ‘Innovative Display’ series, packed with high-value advanced technologies, and the high-power Integrated Charging Control Unit (ICCU), a critical future mobility technology, which are like
Foreign currency deposits held by residents of South Korea have increased for the second consecutive month. The prolonged trend of a historically low value yen has led to a growing number of investors seeking to purchase yen at a favorable rate. Additionally, the increase in export earnings deposite
POSCO International is rapidly transforming into an eco-friendly comprehensive business company and a business platform provider.POSCO International announced on Dec. 19 that, in its first year since the merger with POSCO Energy, it has successfully established three major business value chains -- e
LG Electronics is set to participate in rights offering for LG Display (LGD) amounting to 1.36 trillion won (US$1.04 billion). This move aims to strengthen the competitiveness of the organic light-emitting diode (OLED) business.The company announced on Dec. 19 that it has convened a board meeting an
Hyundai Motor plans to sell its Russian plant, which has been idle for nearly two years, to a local company for a mere 140,000 won (US$107.12). However, the contract includes a “buyback” clause, allowing Hyundai to repurchase the facility within the next two years, in anticipation of the possibility
Coupang is making a significant entry into the 500-trillion-won luxury market by acquiring Farfetch, the world’s largest luxury platform. Farfetch boasts a collection of 1,400 luxury brands, including Chanel and Hermes, catering to global consumers in 190 countries such as the United States and the
Chairman Lee Chan-hee of Samsung Group’s Compliance Committee revealed on Dec. 19 that, if necessary, the committee plans to convey opinions or recommendations in response to a foreign hedge fund’s call for reforms in Samsung’s corporate governance structure.Speaking to reporters before attending th
OCIM, a wholly owned subsidiary of OCI Holdings in Malaysia, has penetrated the U.S. market by signing a contract worth US$1 billion with an American company. OCIM’s strategic product is non-Chinese polysilicon.OCI Holdings announced on Dec. 19 that it had signed a contract for the supply of polysil
LG Display has accelerated its efforts to secure its global leadership in the vehicle display market, a key area of future growth, by leveraging its superior technology. According to display industry sources on Dec. 19, LG Display entered the vehicle display market in 2005 by producing Central Infor
Samsung Electronics has introduced two new products in its ISOCELL Vision image sensor lineup on Dec. 19, designed to act as the eyes for advanced content platforms like mobile, robotics, and Extended Reality (XR).The newly unveiled ISOCELL Vision 63D image sensor chip is an indirect Time-of-Flight
Samsung Electronics and Naver have unveiled their jointly developed artificial intelligence (AI) semiconductor, which has been in development over the past year. Known for its power efficiency being approximately eight times greater than chips from competitors like Nvidia, this product is expected t
Paris Baguette, the bakery brand of SPC, has continued its global marketing efforts by launching an advertisement in the heart of New York City’s Times Square ahead of Christmas. This move comes after Paris Baguette had previously operated a Korean-language advertisement at the stadium of the French
Contents First, a global leader in digital comics specializing in IP development, production, distribution, and transmedia, announced today that it will begin publishing English e-book versions of romance fantasy web novels popularized by its Tappytoon reading platform. The Broken Ring: This Marriag
The author is an analyst for NH Investment & Securities. He can be reached at ys.jung@nhqv.com -- Ed.Moving ahead, we expect to see further structural strengthening in CJ Logistics’ profitability, powered by a combination of higher parcel delivery volume, a widening sales portion for small parcels,
Celltrion announced on Dec. 18 that it has received approval from the Pharmaceuticals and Medical Devices Agency (PMDA) of Japan for a Phase 1 clinical trial plan (IND) for CT-P55, a biosimilar of the psoriasis treatment Cosentyx (active ingredient: secukinumab).CT-P55 is a new autoimmune disease bi
Mirae Asset Group has announced that its founder, Chairman Park Hyun-joo, will receive the International Executive of the Year Award at the Academy of International Business (AIB) Annual Conference to be held in Seoul in July 2024.The International Executive of the Year Award, presented by the Acade