The Korea Enterprises Federation announced on April 27 that it submitted a petition to the Blue House together with the Korea Chamber of Commerce and Industry, the Korea Federation of SMEs, the Korea International Trade Association and the Federation of Middle Market Enterprises of Korea.“The import
Steelmakers including POSCO and its partners will go through a three-year epidemiological investigation on occupational cancer from government-affiliated agencies. It was Korea’s first epidemiological investigation of the steel manufacturing industry.The Korea Occupational Safety and Health Agency (
Unionized Hyundai Heavy Industries (HHI) workers initiated this year’s second strike on April 23. In this company, this year’s collective bargaining and wage negotiations have already failed twice and the workers are calling for additional negotiations.An unusual point is that the union is divided i
Samsung Electronics announced on April 20 that it will upgrade its SmartThings Find service next week.Launched globally in October 2020, the location information service helps customers locate their missing Galaxy devices quickly and easily. It uses bluetooth low energy (BLE) and ultra-wideband (UWB
A famous IT YouTuber has stirred up a controversy by disclosing through a review video that the real speeds of KT's 10 giga internet service is actually 100 MB."KT’s 10 giga internet service, the most expensive one in Korea, actually clocked at 100 MB,” YouTuber ITSub said in a video on his chan
SsangYong Motor has been put under court receivership again 10 years after its graduation from the process in March 2011.The Seoul Rehabilitation Court announced on May 15 that it will begin a rehabilitation procedure for SsangYong Motor. The troubled automaker is expected to submit its rehabilitati
The authors are analysts of Shinhan Investment Corp. They can be reached at yjjung86@shinhan.com and ik.jung@shinhan.com, respectively. -- Ed. Growth of future mobility market offers both opportunity and riskA rapid shift away from internal combustion engines to future mobility is calling for a chan
The author is an analyst of NH Investment & Securities. He can be reached at minjae.lee@nhqv.com. -- Ed. Unlike when housing supply measures were announced on Feb 4, the upcoming by-elections (Apr 7) are unlikely to lead to significant sector share price adjustments. Likely weak 1Q21 earnings due to
Daily newspaper The Australian reported that Australian companies are being urged to cut their relations with POSCO, which is suspected of working with the military of Myanmar.“Human rights activists are calling for Australian companies doing business with POSCO to sever their relations,” said Amand
Lawmakers of the U.S. State of Georgia have adopted a resolution calling on LG Energy Solution and SK Innovation to reach an agreement to end their electric vehicle (EV) battery dispute.The Georgia State Senate unanimously passed a resolution on March 23 (local time) urging the two Korean companies
The author is an analyst of NH Investment & Securities. He can be reached at minjae.lee@nhqv.com. -- Ed. Both housing pre-sales and housing division revenue figures are set to expand in 2H21. Policy momentum stemming from real estate supply expansion should strengthen gradually in line with the unfo
The Korea Metal Workers' Union posted about 20 banners around POSCO’s Gwangyang Steelworks on March 18 calling for the suspension of economic cooperation between POSCO and Myanmar's military government.According to the union, POSCO has close economic ties with Myanmar's military governme
Coupang has recently joined the Korea Employers Federation (KEF), which mainly handles labor-management relations issues. This is to better respond to risks related to labor regulations with tragic accidents related to its delivery workers following one after another.According to industry sources, C
Ford, a U.S. automaker, has urged LG Energy Solution and SK Innovation to hammer out an agreement to end their protracted electric vehicle (EV) battery dispute, calling on the Korean government to weigh in on the matter."LG Energy Solution and SK Innovation should reach an amicable agreement as soon
POSCO chairman Choi Jung-woo is seeking reappointment as chairman at a general shareholders' meeting slated for March 12. Yet he is facing strong opposition from progressive civic organizations and some lawmakers of the ruling Democratic Party.A group of civic organizations held a rally on March
SK Innovation said on March 5 that it would ask U.S. President Joe Biden to exercise his veto power over the U.S. International Trade Commission’s recent import ban on its electric vehicle (EV) battery products for 10 years.SK Innovation issued a statement following the ITC’s release of a Commission
Hyundai Motor Co. and LG Energy Solution have reportedly agreed to share the cost of recalling some 82,000 Hyundai electric vehicles for battery replacement at a ratio of 3:7.LG Energy Solution, which provided fire-prone batteries to Hyundai Motor, agreed to take more responsibility for the fires th
Some K-foods have been recalled in Canada.Wang Globalnet's sweet pancake with a green tea flavor was recalled in Canada. Egg of the ingredients is known to cause serious reactions in people allergic to eggs.Local media outlet Straight in Vancouver, Canada recently reported that Wang Globalnet
Hyundai Motor Co. and LG Energy Solution have started talks over how to share the cost of recalling Hyundai Motor cars but reportedly have difficulty narrowing their views.Hyundai Motor said on Feb. 25 that it will cost about 1 trillion won to recall about 82,000 cars, including the Kona EV, the ION
The Ministry of Land, Infrastructure, Transport and Tourism of Japan has urged the Japanese government to call the South Korean government’s shipbuilding industry support policy into question in the framework of the WTO and the OECD.The demand is to object to the merger between Hyundai Heavy Industr