While the number of foreign nationals subscribing to domestic personal medical insurance is on the rise, it has been observed that the incurred losses and loss ratios of foreign policyholders under personal medical insurance have also increased.According to the “Status of Foreign Nationals’ Personal
The Korean shipbuilding industry, going through a severe labor shortage, is expanding its use of robots at shipyards. Korean shipbuilders are actively developing robots as a tool to boost competitiveness, as they believe that robots can increase their productivity and prevent accidents at workplaces
Amid a decline in overseas real estate prices, funds that invested in offices in the United States and Europe are facing potential losses. It has been estimated that over 1 trillion won was invested in mutual funds that were sold since 2018. The number of investors who have invested in these funds e
Over the past five years, the automotive company that received the highest amount of fines and penalties in South Korea was Mercedes-Benz Korea, the leading player in the imported car industry. The company had a cumulative amount of approximately 28 billion won.According to data obtained by Park San
Pulmuone announced on Oct. 5 that it has signed a strategic partnership agreement with BlueNalu, an innovative food company that cultivates fish cells to produce seafood.To drive a sustainable future food business, Pulmuone had previously inked a business agreement concerning cell-cultured seafood w
Yuhan Pharmaceuticals’ lung cancer drug Leclaza has demonstrated enhanced efficacy when combined with Johnson & Johnson’s (J&J) lung cancer treatment. Detailed data is set to be presented at a global conference on Oct. 23, heightening market anticipation.According to industry sources on Oct. 4, Yuha
The author is an analyst for NH Investment & Securities. He can be reached at kyeongkeun.kang@nhqv.com -- Ed.Shinsung ST is a manufacturer of busbars and module cases for EV batteries. The firm has secured differentiated competitiveness thanks to its in-house mold design technology and its establish
HD Hyundai Heavy Industries (HHI) is expected to be the first company to win a second batch of liquefied natural gas (LNG) carrier orders for its LNG project from Qatar Energy, the state-run energy company of Qatar, beating out Chinese shipbuilders. The contract alone is worth US$3.9 billion for 17
Korea Gas Corp. (KOGAS) lost nearly US$200 billion over four years due to defects in Korean-type tanks for liquefied natural gas (LNG) carriers it had developed with Korean shipbuilders. This is because Korean shipbuilders developed a tank for LNG carriers but a quality issue has prevented them from
Pernod Ricard Korea has announced that the first global unveiling event of the bold and captivating second fashion collection, "Royal Salute 21-Year-Old Richard Quinn Edition 2," born from a collaboration between the prestige whisky "Royal Salute" and the acclaimed British fashion designer “Richard
The Seoul branch of Iran’s Bank Mellat has initiated a lawsuit against Woori Bank, seeking the return and a 6 percent annual interest payment on 20.2 billion won (US$14.96 million) in funds frozen due to U.S. sanctions.According to financial industry sources on Sept. 26, Bank Mellat filed a deposit
The Korea Fair Trade Commission (KFTC) has punished U.S. semiconductor company Broadcom for allegedly forcing Samsung Electronics to sign a long-term contract to purchase parts for smartphones.The Korean market watchdog announced on Sept. 21 that it has decided to slap a fine of 19.1 billion won (US
Intel, which has declared its ambition to surpass Samsung Electronics and claim the second spot in the foundry, or semiconductor contract manufacturing, industry next year, showcased its technological prowess by unveiling its first-ever 18A wafer prototype in the 1.8-nanometer (nm) range, demonstrat
Global automakers are fiercely competing to develop platforms that serve as the skeleton for electric vehicles (EVs). Platform technology, alongside securing batteries, is seen as a key competitive edge in leading the era of EVs.According to industry sources on Sept. 19, Volkswagen Group is in the p
The approximately US$6 billion (7.97 trillion won) in Iranian oil export revenues that had been tied up in South Korean banks due to U.S. sanctions have been successfully transferred to Iran’s account in a Qatari bank via Swiss accounts. Iran can now use these transferred funds for the purchase of h
ArkData registered Ark for CDC, a real-time heterogeneous data replication solution on NHN Cloud Marketplace.Through this Marketplace registration, customers who need data replication on NHN Cloud can get the service efficiently in a monthly subscription form. Since there is no need for an additiona
YG Entertainment’s stock price is plummeting amid a rumor that the company will fail to re-sign Blackpink member Lisa.At 10:57 a.m. on Sept. 15, YG Entertainment was trading at 73,700 won per share, down 8,000 won (9.79 percent) from the previous day. Foreigners and institutions were selling.Earlier
Among foreign health insurance dependents, Chinese nationals spent the largest amount of healthcare funds of Korea’s universal health care program in 2022. The amount of healthcare funds spent for Chinese national dependents totaled 1.95 million won (US$1,467) for each one of them, and the contribut
Korea Institute of Energy Technology (KENTECH) signed a business agreement with Kazakhstan’s Nazarbayev University on Sept. 14 to foster global talent in the energy sector. This collaboration seeks to enhance inter-university exchanges in energy and research by fostering faculty and student exchange
According to Korea’s foreign direct investment (FKI) in the second quarter of 2023 released by the Ministry of Strategy and Finance on Sept. 15, the total amount of FDI in the second quarter of 2023 was US$15.31 billion, down 22.9 percent from the same period last year when it stood at US$19.84 bill