Coway Co., Ltd., the “Best Life Solution Company,” announced today that it has been named a CES® 2024 Innovation Awards Honoree by the Consumer Technology Association (CTA) for its groundbreaking BEREX Reclining Massage Bed.The CES Innovation Awards, an annual competition sponsored by the Consumer T
Hyundai Motor Company today announced that its brand value reached $20.4 billion in Interbrand’s ‘Best Global Brands 2023’, ascending in valuation for 13 straight years. This represents the third highest year-over-year valuation increase out of 100 brands. The company’s brand rank rose from 35th to
The Korea Startup Forum (Chairman Jae-Wook Park, hereinafter referred to as KSF), the organizing organization of the global startup festival COMEUP, announced that COMEUP 2023, which was held at Dongdaemun Design Plaza (DDP) for three days from November 8 to 10, attracted about 66,000 people. It was
The Financial Supervisory Service (FSS) has taken a proactive stance in a full-scale confrontation with short-selling forces, revealing that it has detected 33 cases of naked short selling this year and imposed fines and penalties amounting to 10.5 billion won (US$8.11 million). FSS Governor Lee Bok
Korea’s entrepreneurial spirit ranked among the lowest in Asia according to a report released by Amway.The 2023 Amway Global Entrepreneurship Report (AGER) reveals comprehensive data on trends around starting a business. The 2023 AGER was released on Nov. 13 in honor of the World Global Entrepreneur
The Korean business community has been strongly opposing the Yellow Envelope Bill (an amendment to Article 2-3 of the Trade Union Act), saying it will disrupt Korea’s labor relations and industrial ecosystems. But the majority Democratic Party passed the bill in a plenary session of the National Ass
Research has shown that Seoul’s urban competitiveness ranks 7th among 48 major cities worldwide.The Mori Memorial Foundation’s Institute for Urban Strategies held a press briefing on Nov. 9 and announced the 2023 Edition of the Global Power City Index (GPCI). This survey, which began in 2008, is now
S-OIL announced on Nov. 7 that it has received an A+ rating in this year’s ESG Comprehensive Assessment conducted by the Korea Institute of Corporate Governance and Sustainability (KCGS), the country’s leading environmental, social and governance (ESG) rating organization.S-OIL simultaneously operat
Constantly pioneering the innovative path of clean and sustainable beauty development, barenbliss has cooperated with the cutting-edge cosmetics packaging corporation EFA PACKAGES to inaugurate its new R&D Package Laboratory in South Korea. This endeavor thoroughly embodies the concept of clean beau
The financial authorities have played a strong hand with a “full prohibition of short selling” to restore market trust. Unlike the global trend during the COVID-19 crisis, this time, South Korea alone has moved to prohibit short selling, drawing significant attention to the rationale behind this dec
As the sole company with a comprehensive portfolio in the naval industry, Hanwha Ocean contributes to strengthening the Republic of Korea’s naval power by leveraging world-class vessel and submarine construction capabilities.Starting with the delivery of the patrol vessel “Anyang” to the Republic of
SK ecoplant is set to provide solid oxide fuel cells (SOFCs) to an upcoming data center in Ireland, a data center hub for major global tech companies.On November 2, SK ecoplant made a significant announcement, revealing the signing of a memorandum of understanding (MOU) with Ireland's Lumcloon Energ
As Germany, which shares a similar economic structure with South Korea, takes steps to improve its economic structure and reduce its trade dependence on China, there is a call for South Korea to draw lessons from Germany’s example and work towards improving its own economic structure.According to a
During his six-day state visits to Saudi Arabia and Qatar, President Yoon Suk-yeol secured business contracts totaling $202 billion (27.3 trillion won). With these trips, he concluded his diplomatic rounds with the “Big 3” Middle Eastern countries, which began with a visit to the United Arab Emirate
SK hynix said it does not agree with the merger of Japan’s Kioxia and U.S.-based Western Digital.SK hynix made the announcement during its third quarter earnings call on the morning of Oct. 26.SK hynix reportedly acquired a 15 percent stake in Kioxia Holdings in 2018 through BCPE Pangea Intermediate
Hyundai Rotem, as a leading contender in the terrestrial weapon systems, is recognized globally for its top-tier competitive and technological prowess. Its market strategy includes an impressive portfolio of terrestrial weapon systems from the latest K2 tanks to wheeled armored vehicles and a compre
Financial Supervisory Service (FSS) Chairman Lee Bok-hyun has announced that the agency will actively consider punishing Kakao Corp. for alleged Kakao Corp. stock price manipulation by its founder Kim Bum-soo and employees. If Kakao Corp. is fined for violating the Capital Markets Act, it may lose i
ArkData (CEO Ko Kwang-yeun), company specializing in real-time data replication, and DataHeaven, Oracle's official technical support partner, signed an MOU on the 24th to collaborate as an official technical support partner for 'Ark for CDC', a real-time heterogeneous database replication solution.A
Korea Aerospace Industries (KAI) and Hyundai Rotem announced on Oct. 19 that they have signed a memorandum of understanding (MOU) for future space sector cooperation at Seoul International Aerospace & Defense Exhibition (Seoul ADEX 2023) on Oct. 18.KAI has earmarked its space mobility venture as one
SK pharmteco will participate at the CPHI 2023 in Barcelona and prepare a dedicated booth at the event. As a multi-modality CDMO with expertise in small molecule active pharmaceutical ingredients (APIs) and biopharmaceuticals, SK pharmteco aims to present its business competitiveness and actively pu