Contrary to the prevailing pessimism earlier this year, foreign media analysis suggests that the South Korean economy is exhibiting an encouraging trend.In his column on Nov. 15 (local time), Bloomberg opinion columnist Daniel Moss assessed the South Korean economy stating, “Critical exports are in
The author is an analyst for NH Investment & Securities. She can be reached at jiyoony@nhqv.com -- Ed.In 2023, the consumer goods portion of Korea’s exports surpassed that of capital goods for the first time in 25 years. While domestic consumption should weaken on higher interest expense burden in 2
Hyosung Advanced Materials has been taking part in the Milipol Paris 2023 exhibition held in Paris, France, from Nov. 14 to 17, stepping up sales efforts for its proprietary aramid fiber brand, ALKEX.During the exhibition, Hyosung Advanced Materials plans to introduce its aramid fiber brand ALKEX to
Guardant Health, Inc. (Nasdaq: GH), a leading precision oncology company, announced that it has launched its blood-based colorectal cancer screening test, ShieldTM, in collaboration with Samsung Medical Center in South Korea.Colorectal cancer (CRC) is one of the most commonly diagnosed cancers and t
The author is an analyst for NH Investment & Securities. He can be reached at pk.park@nhqv.com -- Ed.Sales at Dentium slowed in 3Q23 amid economic downturn in China and logistics issues in Russia. Although revenue growth should rebound in major regions in 4Q23 (a peak season), ultimately, the result
While Korea’s exports rebounded for the first time in 13 months in October, the value of Korea’s exports to Eastern European countries surged. Eastern European countries included Poland, Hungary and Turkiye. In general, they had previously accounted for small proportions of Korea’s exports.The Korea
The Korean defense industry is growing rapidly as the world recognizes the excellence of Korean-made weapons. At the center of the Korean Defense Industry gripping the global arms market is the Korea Defense Industry Association (KDIA).Founded in 1976, the KDIA is a specialized defense industry orga
Ed Note: This story was edited for factual accuracy on Nov. 6, 2023.The Korean market has become more prominent on the radar of private equity firm Hillhouse Capital. According to investment banking sources on Nov. 1, Hillhouse Capital has launched a search for a Korean market expert for its Hong Ko
Hanwha Systems initiated its operations in 1978 with the production of night vision goggles, one of its electronic optical products. Today, the company stands as a radar sensor and communication specialist, leading the forefront in the advanced defense electronics industry. Hanwha Systems offers ind
Korea East-West Power Corp. (EWP) announced on Oct. 30 that it has confirmed its participation in the construction of solar power generation facilities and an energy storage system (ESS) project for the environmentally friendly tourism city AMAALA currently being built off the Red Sea coast in Saudi
The Ministry of SMEs and Startups (Minister LEE Young, hereinafter referred to as MSS) and the Korea Startup Forum (KSF, Chairman PARK Jae-wook, CEO of SOCAR) held a press briefing on COMEUP 2023 at Dreamplus in Gangnam-gu, Seoul on October 30.COMEUP is an annual event aimed at showcasing South Kore
Following the pandemic, South Korea remained in the middle to lower range in terms of growth rates among advanced economies. However, it ranked higher in terms of price stability indicators. This suggests a ‘trade-off’ between investment-led growth expansion and tight fiscal policy.According to the
The KOSPI index has fluctuated amid consecutive adverse developments, returning to its January levels. Compared to the annual high of 2,667.07 on Aug. 1, it has declined by 13.7 percent.On Oct. 26, the KOSPI index closed at 2,299.08, marking a 2.17 percent decline, while the KOSDAQ index concluded 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
Amid growing global attention on the Middle East due to an armed conflict between Israel and the Palestinian militant group Hamas, the number of overseas subsidiaries established by large Korean companies has surpassed 110 in major Middle Eastern countries, according to a survey.The Korea CXO Instit
On Oct. 25, Shinhan Card announced that its Kazakhstan subsidiary, Shinhan Finance, successfully raised US$60 million in investment from the International Finance Corporation (IFC).The investment signing ceremony was conducted virtually and was attended by Moon Dong-kwon, president of Shinhan Card,
Hyundai Engineering, in collaboration with Hyundai E&C, has secured a colossal project in Saudi Arabia worth US$2.3 billion for the expansion of a major gas plant.On Oct. 23 (local time), at the NEOM Exhibition Hall in Riyadh, Saudi Arabia, during the 50th Anniversary Celebration of Korea-Saudi Cons
DL Engineering & Construction (E&C) has partnered with the Saline Water Conversion Corporation (SWCC) of Saudi Arabia to promote carbon-neutral desalination plants.On Oct. 22, local time, DL E&C announced that it signed a “Mutual Cooperation MOU for the Application of Small Modular Reactors (SMR) in
During President Yoon Seok-yeol’s state visit to Saudi Arabia, a total of 46 memoranda of understanding (MOUs) and contracts were signed at the 2023 Korea-Saudi Investment Forum. This signifies a boost in economic cooperation between the two nations across various industries, including electric vehi
Korea National Oil Corp. (KNOC) has signed an international joint stockpiling agreement to store 5.3 million barrels of crude oil from Saudi Arabia’s state oil company Aramco in Korea.On the occasion of President Yoon Suk-yeol’s visit to Saudi Arabia, KNOC announced on Oct. 22 that it signed the cru