The Korea Fair Trade Commission announced on Nov. 22 that Apple’s 30 percent app market fee has been applied on an end consumer price basis to South Korean app developers and on a supply value basis to foreign app developers.The difference is whether a 10 percent VAT is included in the calculation.
For the first time, Samsung Electronics ranked first among the world's top brands selected by YouGov, a global polling company. Google, which was No. 1 in 2021, fell to second place.Samsung Electronics earned 127 points to top YouGov Global Best Brand Rankings 2022, which was announced on Nov. 2
WeMakePrice and Google Cloud have launched a large-scale project to move all service systems of WeMakePrice from its IDC to a container-based cloud environment.The two companies announced the project at a vision share workshop at WeMakePrice’s headquarters in Gangnam-gu, Seoul on Nov. 11.Under the c
Global brand consulting company Interbrand estimated Samsung Electronics’ brand value for this year at US$87.7 billion, the fifth highest after the U.S. Big Four tech companies -- Apple, Microsoft, Amazon, and Google. Samsung has maintained its fifth place for three consecutive years since 2020.Hyun
Server DRAMS are emerging as a new cash cow for Samsung Electronics and SK Hynix, which are hit hard by a slowdown in the global semiconductor market.According to market research firm Omdia, annual server DRAM demand is expected to reach 68.486 billion gigabits (Gb) this year. Experts estimate annua
KT announced on Oct. 27 that Global AI Conference 2022 was successfully held online on Oct. 26. The conference was hosted by the AI Task Force (AI TF) of the Strategic Cooperation Framework Agreement (SCFA), a consultative body of the three key telecom operators in Korea, China and Japan -- KT of
The unprecedented shutdown of KakaoTalk messenger app that occurred on Oct. 15 clearly exposed the problems of a platform monopoly. The shutdown of the widely used mobile messenger app did not end with the suspension of about 20 related Kakao services. Other companies and government agencies that us
Google will open a data center in Japan next year. It is the first time since 2013 that Google builds a new data center in Asia.Google CEO Sundar Pichai announced his visit to Japan on his blog on Oct. 6 (local time), saying that the company will open its first data center in Japan in Chiba Prefectu
The author is an analyst of NH Investment & Securities. He can be reached at jaemin.ahn@nhqv.com. -- Ed. Umamusume’s ranking has fallen since September due to operational issues. However, with several new titles (including Eversoul and Ares) on the way, we anticipate accompanying share price momentu
Model Solution, a subsidiary of Hankook & Company Group (formerly Hankook Tire Group), has become the first Korean prototype company to be listed on the KOSDAQ.Founded in 1993, Model Solution is a total solution provider that serves the entire product development stage from design to prototypes, pre
Coupang announced on Oct. 5 that it will participate in the Cybersecurity Awareness Month campaign, which has been led by the U.S. government for 19 years.Cybersecurity Awareness Month was launched by President George W. Bush in 2004. It is held in October every year to increase the awareness of dig
Intel is pursuing innovation through "coopetition," a term coined by former Google CEO Eric Schmidt to describe a company's collaboration with its competitors.The company invited Samsung Electronics and TSMC, its rivals in the foundry business, to the Intel Innovation event held at the McEnery C
KT announced on Sept. 23 that it has forged a partnership with Vector Institute in Canada for cooperation in R&D and business promotion in artificial intelligence (AI), an important axis of its DIGICO business. A signing ceremony was held at the Vector Institute in Toronto on Sept. 22 (local time) w
EOFlow Co., a provider of wearable drug delivery solutions, announced on Sept. 23 that its European exclusive distributing partner A. Menarini Diagnostics showcased its tubeless, wearable, and disposable insulin pump “EOPatch” at the annual meeting of the European Association for the Study of Diabet
The Ministry of SMEs and Startups hosted the Korea-U.S. Startup Summit in New York on Sept. 20 and 21. There, the ministry, RPS Ventures, Millennium Technology Value Partners and Applied Ventures agreed to raise a startup fund together.The 280 billion won fund is to help South Korean startups enter
Google has reportedly decided to produce the mobile application processors (APs) for its next-generation smartphone Pixel 8 at Samsung Electronics' 3-nm foundry lines. The U.S. tech giant is developing the chip in cooperation with the Korean smartphone giant. Google is developing the third-gener
The Korea Chamber of Commerce and Industry has recently conducted a survey of 300 South Korean manufacturers and announced on Aug. 28 that global clients asked 14.7 percent of the manufacturers to use renewable energy in the RE100 campaign.“The survey covers 80 large and 220 medium-sized manufacture
The author is an analyst of NH Investment & Securities. He can be reached at jaemin.ahn@nhqv.com. -- Ed. The combination of eased web-board game regulations and Chuseok holiday effects bode well for Neowiz’s web-board sales. New title momentum should also be in play thanks to the scheduled release o
The author is an analyst of NH Investment & Securities. He can be reached at jaemin.ahn@nhqv.com. -- Ed. With its new game release schedule targets now postponed to 2023, Webzen’s short-term share price growth momentum is to be blunted in 2H22. Given a temporary absence of new titles, sales will lik
The Ministry of Trade, Industry and Energy announced on Aug. 10 that South Korea’s semiconductor exports totaled US$11.21 billion last month, lower than in June (US$12.35 billion) and May (US$11.54 billion).The decrease in semiconductor exports is because of a decrease in global demand. Data center