LG Household & Health Care announced on March 10 that its cosmetics brand CNP has released new products in its flagship “Propolis” line, specifically targeting the Japanese market.CNP is selling new products, Propolis Vitamin Ampoule and Glow Ampoule, as well as two types of mist, at Ainz & Tulpe st
The Korea Fair Trade Commission (KFTC) intends to initiate an investigation into Temu and Shein, following its inquiry into AliExpress, the leading online shopping platform in China, regarding potential consumer harm.This comes as the indiscriminate onslaught of Chinese online shopping malls, levera
The government is taking steps to solicit opinions from overseas financial institutions and investors regarding measures to improve the foreign exchange market structure and support corporate value-up initiatives.The Ministry of Economy and Finance (MOEF) announced on March 10 that Shin Joong-beom,
SK ecoplant has partnered with the global resort company Therme Group to advance the development of a European-style spa and resort in Songdo.On March 8, SK ecoplant announced the signing of a memorandum of understanding (MOU) with Therme Group for the resort development and construction, as well as
Ecopro announced plans to invest approximately 1.2 trillion won in domestic ventures this year, focusing on its Pohang Campus. The company is allocating 690 billion won for the expansion of its precursor factory, 320 billion won each for the expansion of cathode material and lithium hydroxide factor
Samsung Bioepis announced on March 10 the clinical results of SB5, a biosimilar to the blockbuster drug Humira, at the American Academy of Dermatology (AAD) Annual Meeting held in San Diego, California, in the U.S. on Feb. 8 (local time). This study aimed to verify whether SB5 can be interchangeably
LG Energy Solution announced on March 10 that it is collaborating with Qualcomm to develop advanced Battery Management System (BMS) diagnostic solutions for next-generation electric vehicles. Through this partnership, LG Energy Solution plans to develop a more sophisticated BMS solution by integrati
SK on is set to develop a high-nickel nickel-cobalt-manganese (NCM) battery capable of traveling 300 km on a 5-minute charge.During a keynote speech at The Battery Conference held at COEX in the Gangnam district of Seoul on March 7 as part of the largest battery exhibition in South Korea, InterBatte
Samsung Display CEO Choi Joo-sun has expressed confidence that Korea will reclaim the top spot in the global display market by 2027. Speaking to reporters before the Korean Display Industry Association’s general meeting at Lotte Hotel World on March 7, Choi emphasized the need for focus and speciali
A court has issued a non-compete injunction against a former HBM researcher from SK hynix who moved to an executive position at Micron, a competitor in the United States. The decision was made to prevent potential damage from the leakage of SK hynix’s core technologies. SK hynix holds a dominant mar
The author is an analyist for NH Investment & Securities. He can be reached at junsup@nhqv.com -- Ed.HGI’s 2023 dividend announcement fell somewhat short of market expectations. However, if sufficient profits available for dividend are secured through system improvements, an expansion of shareholder
Korean shipbuilders overtook China in terms of ship order intake in February to take the number one spot in the global market.According to Clarkson Research, a British shipbuilding and shipping market analysis firm, global ship orders totaled 3.4 million CGT (100 ships) in February, of which Korea w
Mirae Asset Global Investments announced on March 7 that its Canadian ETF subsidiary, “Horizons ETFs,” will change its name to “Global X Canada” starting from May.“Horizons ETFs,” acquired by Mirae Asset Global Investments in 2011, is the fourth-largest ETF operator in Canada. At the time of acquisi
SK bioscience, a global innovative vaccine and biotech company committed to promoting human health from prevention to cure, announced today that the company broke ground on a major expansion of its vaccine manufacturing plant, L HOUSE, located in Andong, Gyeongsangbuk-do, South. The groundbreaking c
Samsung Biologics announced on March 6 that it has entered into a contract manufacturing organization (CMO) production agreement valued at 381.9 billion won (US$287.0 million) with UCB, which is headquartered in Belgium. This agreement is an increase to the contract signed in 2017 with the company,
Crypto.com, trusted by more than 80 million customers worldwide and the industry leader in regulatory compliance, security and privacy, has signed a memorandum of understanding (MoU) with Altava Group, a vertical AI fashion tech company delivering innovative virtual experiences and products for majo
Lotte Chemical is reportedly considering the sale of its Malaysian subsidiary Lotte Chemical Titan (LC Titan).According to industry sources on Mar. 6, Lotte Chemical is searching for potential buyers for LC Titan, including Korean and foreign petrochemical companies and large private equity funds (P
Hyundai E&C, along with U.S.-based Holtec International, signed a business agreement for jointly participating in the U.K. Atomic Energy Authority (UKAEA)’s SMR technology competition with U.K.-based Balfour Beatty and Mott MacDonald at the Korean Embassy in London of the United Kingdom on March 5.T
Taihan Cable & Solution Co. announced on March 6 that it is set to supply a high-voltage power grid worth approximately US$38 million to the global infrastructure group Balfour Beatty.This project involves the construction of a new 132 kV high-voltage power grid in the northern region of the U.K. It
STX Corporation, a global trade and development company, is expanding its presence in the Middle East by successfully completing its second transaction to Iraq through its business-to-business (B2B) platform “TrollyGo.” With a significant monthly increase in users in the Middle East region, there ar