Amid increasing optimism about the semiconductor industry’s outlook, foreign investors have shown divergent strategies in the South Korean stock market this month, especially concerning major semiconductor players like Samsung Electronics and SK hynix. While investing over 260 billion won (US$193.31
The Institute for Economics and Peace (IEP) announced that Iceland was selected as the safest and most peaceful country in the world with a score of 1.124 in the Global Peace Index (GPI), according to the New York Post on Oct. 1.The GPI quantifies peace by aggregating 23 items including social, poli
Korea’s artificial intelligence (AI) industry stands sixth globally. Samsung Group held more AI patents than major companies in the United States and China, ranking high among the world’s top companies in the patent sector. But a lack of talented people and sluggish investment were pointed out as ar
Korea’s economic slump is gradually easing thanks to a recovery in semiconductor production, a state-run research institute said.“The Korean economy has been experiencing a gradual easing of the economic slump, but external uncertainties still remain,” the Korea Development Institute (KDI) said in i
Korea’s shipbuilding industry lost ground to its rival, the Chinese shipbuilding industry, in September.According to Clarkson Research, a U.K.-based shipbuilding and shipping market analyst, global ship orders totaled 1.86 million CGT (71 ships) in September of 2023, down 59 percent from the same mo
Korea’s foreign exchange reserves fell for the second consecutive month in September as the U.S. dollar continued to strengthen.Korea’s foreign exchange reserves stood at US$414.1 billion at the end of September, down by US$4.18 billion from US$418.3 billion at the end of August, according to foreig
Korea’s industrial production, which had shrunken due to a slump in the semiconductor industry, made a comeback as semiconductor production rebounded.According to Statistics Korea on Oct. 4, the nation’s semiconductor production surged 13.4 percent month on month in August, the largest increase in f
Struggling with a bearish trend before the Chuseok holiday, the KOSPI index experienced a sharp decline of over 2 percent on Oct. 4, falling below the 2,400 mark as it was hindered by the rapid increase in U.S. Treasury bond yields. Concurrently, the won-U.S. dollar exchange rate reached its highest
In September, South Korea achieved its highest semiconductor exports in the past year, while exports to China also reached their peak for the year. Analysts suggest that semiconductor exports have gradually found their footing and are on an upward trajectory, and exports to China have entered a sign
The author is an analyst for NH Investment & Securities. He can be reached at pk.park@nhqv.com -- Ed.The bio industry has failed to rebound after the slowdown in antibody drug market growth in 2022. However, large CMOs are expected to start a turnaround, led by Alzheimer's antibody treatments, ADCs,
The KOSPI’s market capitalization, which had maintained the 2,000 trillion won (US$1.48 trillion) level since May, saw another sharp decline as it fell below 2,000 trillion won at the end of last month. The persisting “3 Highs” phenomenon – high interest rates, high oil prices, and a strong dollar –
Last month, resident deposits fell below US$100 billion (133.65 trillion won), marking a decline for the first time in four months. This decline is attributed to the strong dollar phenomenon, which has led to a reduction in the conversion value of deposits denominated in euros and yen.According to t
Seoul Metropolitan Government (SMG) and the World Smart Sustainable Cities Organization (WeGO) will award the inaugural Seoul Smart City Prize on Monday, Sept. 25.Established this year by WeGO and SMG, the prize aims to promote human-centered smart city initiatives. It recognizes efforts by city gov
Mirae Asset Securities customers have reaped over 3.5 trillion won (US$2.61 billion) in capital gains from their overseas stock investments over the past three years. Excluding confirmed capital gains, the unrealized profits from the top 10 holdings of these customers also exceed 3 trillion won.Mira
LG Electronics and Samsung Electronics have been recognized by American consumers as the most satisfactory brands in the TV, home appliance, and PC sectors. However, the brand satisfaction of Chinese manufacturers has seen a rapid rise recently, reducing the gap with these market leaders.According t
Despite the escalating power struggle between the United States and China leading to increased calls for decoupling from China, an analysis suggests that it may not be easy for many countries, including South Korea, among the participants in the Indo-Pacific Economic Framework for Prosperity (IPEF),
The French government ordered a halt to sales claiming that Apple’s popular iPhone 12 smartphone, released three years ago, emits radiation levels exceeding allowed standards. The issue is spreading to other European countries, including Germany and Belgium. South Korea’s government has also commenc
As Google’s YouTube Music continues to dominate the Korean music market, Korean music streamers are looking for ways to survive.The amount of monthly active users (MAU) of Korean music streaming companies has been declining while YouTube Music has been growing at a high rate. As a result, Korean com
In response to the rapidly evolving landscape of the logistics sector, characterized by an increase in the value addition of logistics, the integration of advanced systems, and the proliferation of borderless e-commerce, Incheon International Airport is steadfast in its commitment to enhancing logis
Recent data shows that South Korea’s top revenue-generating corporations have collectively invested a total of 4.5 trillion won (US$3.38 billion) in stakes in other companies, including ventures and startups, over the past 2 years and 6 months. The sector that received the highest concentration of i