FILA announced on Feb. 23 that it has successfully installed water filtration systems at several health centers in Cambodia’s Ratanakiri province to contribute to improved living standards for local residents in one of the Southeast Asian country’s most marginalized regions.In line with its key soci
CJ Logistics announced on Feb. 22 that it has established an integrated logistics center for the globally renowned shoe brand Crocs in Icheon, Gyeonggi Province.Spanning an area of 20,000 square meters, the new facility can handle up to 50,000 boxes per day, doubling the capacity compared to the pre
The government is focusing its policy efforts on “normalizing the nuclear power industry ecosystem.” It has come up with support measures encompassing advancing research and development (R&D), facilitating job opportunities, extending financial aid, and offering tax incentives.On Feb. 22, the govern
Root Energy Inc., Korea’s leading renewable energy local acceptance solution provider as well as a certified B Corp, has successfully raised KRW 20 billion (approx. USD 15 million) crowdfunded by residents of Suwon-ri, Hallim-eup, Jeju Island. It makes the Korea’s largest offshore wind farm Jeju Hal
Representatives of Korea Energy Technology University (KENTECH) announced on Feb. 21 that they had signed a memorandum of understanding (MOU) on Feb. 20 in Halle, Germany, with representatives of Fraunhofer IMWS and Anhalt University of Germany to strengthen cooperation throughout the entire cycle o
Chinese direct purchase shopping app Temu is stirring controversy in South Korea by attracting new members with cash-like credit points and free gifts through fishing-like events. Consumers have criticized Temu’s ambiguous prize events as “consumer deception” and “multi-level personal information sc
Hyundai Engineering announced on Feb. 21 that its landscape structures “Weaving Garden” and “Cloud Shade” won the Winner award at Asia Design Prize 2024.The Asia Design Prize is the largest international design competition in Asia. This year, Professor Shingo Ando from the prestigious Kyoto Universi
A new mega labor union, formed through the collaboration of four Samsung Group affiliates, has emerged. The union comprises over 10,000 members. While there have been instances of certain unions cooperating in solidarity in the past, this marks the first time such a unified form of establishment has
The government plans to accelerate the expansion of K-food exports. It aims to achieve exports of US$13.5 billion this year and has set a target of US$23 billion by 2027.On Feb. 20, the Ministry of Agriculture, Food and Rural Affairs announced the “K-Food+ Export Innovation Strategy” to nurture K-fo
The criticism against Chinese e-commerce companies, which aggressively enter the domestic market with ultra-low prices, is growing due to their disregard for relevant laws while operating within the country. There are numerous complaints about these companies consistently sending advertisements that
In relation to the crash of the Marineon (MUH-1) utility helicopter in 2018, which resulted in the death of five individuals, Korea Aerospace Industries Ltd. (KAI) has been ordered by the court to compensate the state over 1.4 billion won. This first-instance verdict came after the state filed a law
Samsung Electronics is expanding its influence in the North American region, including Canada and the United States, by leading with its Open RAN solution. The company plans to strengthen its position in the global telecommunications equipment market, which is currently dominated by Huawei, Ericsson
AI MedTech specialist Waycen (CEO Kim Kyungnam) announced on the 14th that they have signed a strategic sales agreement with Hamza Batterjee President & CEO MegaMind the largest healthcare specialized company in the Middle East located in Saudi Arabia, for its medical AI solutions and healthcare pro
Hyundai Motor Group which runs Hyundai Motor, Kia Corp. and Genesis sold a total of 7.34 million vehicles globally in 2023, ranking third in sales, according sources in the automobile industry. This marked the second consecutive year that the group has ranked among the big three.Toyota Group, with b
Samsung Electronics’ 5G communication equipment is being supplied to the telecommunications operator TELUS, which has embarked on strengthening its 5G network by establishing Canada’s first Open Radio Access Network (OpenRAN).TELUS announced on Feb. 17 through its newsroom that it is expanding its c
SK telecom and KT have announced their plans to showcase advanced technologies based on artificial intelligence (AI) at the Mobile World Congress (MWC) 2024, which opens on Feb. 26 in Barcelona, Spain. SKT is set to occupy a large exhibition space of 992 square meters in the Fira Gran Via Hall 3, un
The author is an analyst for NH Investment & Securities. He can be reached at jaemin.ahn@nhqv.com -- Ed.With the launch of Crimson Desert having been postponed to 2025, operating losses appear inevitable for Pearl Abyss in 2024. However, as Crimson Desert is an AAA-grade new game targeting the globa
Samsung Electronics announced on Feb. 15 that its Bespoke AI Dryer’s sales in Europe in 2023 have tripled compared to the previous year. The product’s heat pump technology has been well-received in the local market, with significant increases in major countries such as Germany, the United Kingdom, a
HD Korea Shipbuilding & Offshore Engineering (KSOE), a shipbuilding holding company of HD Hyundai, recently announced that it has signed a memorandum of understanding with Woodside Energy, Australia’s largest energy company; Hyundai Glovis; and Mitsui O.S.K. Lines (MOL), a Japanese global shipping c
LS Eco Advanced Materials, a subsidiary of LS Cable & System, announced that it has signed a memorandum of understanding (MOU) with the German-based Vacuumschmelze, the largest permanent magnet manufacturer in Europe, to establish a joint venture corporation.The two companies plan to establish the j