One Team Korea will dispatch a reconstruction cooperation delegation to Ukraine by the end of August.According to the Korean Ministry of Land, Infrastructure, and Transport (MOLIT) on July 24, the Korean government recently assembled a reconstruction cooperation team with government officials and th
The food and beverage industry in South Korea is witnessing the tremendous influence of K-pop girl groups, gaining immense popularity globally.According to industry sources on July 24, the girl group NewJeans holds a truly exceptional impact among various distinguished girl groups in the country. Se
Korean fabless “unicorn” firm FADU is gearing up for a leap from a specialized solid-state drive (SSD) controller design firm to a comprehensive global semiconductor company, leveraging its forthcoming IPO as a stepping stone.During an IPO briefing session at 63 Square in Yeouido, Seoul, on July 24,
During the second quarter of this year from April to June, POSCO International achieved its most significant quarterly performance since its establishment. The energy business, including the Myanmar gas project, played a pivotal role in creating 58 percent of the company’s operating profit.POSCO Int
Kolmar BNH has been honored as a “World-class Company” under the auspices of the Ministry of Trade, Industry, and Energy. This prestigious recognition entitles the company to receive financial support of approximately 4 billion won (US$3.12 million) over the next four years.With this achievement, Ko
The author is an analyst for NH Investment & SEcurities. HE can be reached at yk.choi@nhqv.com -- Ed.Key indicators in the refining industry are strong. Refining margins and aromatics product spreads are above the historical averages. In 2H23, solid refining margins should continue amid limited room
According to the SK SUPLEX Council on July 24, Korean Arts Week, sponsored by SK Group and Korea Investment & Securities, concluded successfully at Lincoln Center in New York, the U.S., with the enthusiastic participation of more than 10,000 local residents and rave media reviews.Korean Arts Week, h
Kwangdong Pharmaceutical announced on July 24 that it has signed an exclusive domestic sales and distribution contract with Italy’s rare disease drug specialist Chiesi.As a result, Kwangdong Pharmaceutical now holds the exclusive domestic sales and distribution rights for three of Chiesi’s rare dise
Samsung Electronics and LG Display are expanding their alliance to include 77-inch organic light-emitting diode (OLED) TVs after the 83-inch models. The alliance with LG Display is expected to expand to LCDs due to a patent dispute between Samsung Electronics and BOE of China.According to industry s
Samsung Electronics, Nvidia, Qualcomm, and TSMC are engaged in a fierce competition to dominate the autonomous driving semiconductor market. Recently, automotive companies such as Hyundai Motor and Tesla have also entered the fray, developing their own autonomous driving chips. The reason for this i
KT Group will invest 15 billion won in Moreh, a Korean artificial intelligence (AI) infrastructure software company. The company plans to make a major change in domestic AI service and solution ecosystems that rely on Nvidia’s software by joining forces with companies with unique technologies in the
In the first six months of this year, the net issuance of Korean Paper denominated in foreign currencies by domestic residents, excluding the government, amounted to US$13.3 billion. This marks a significant increase compared to the previous year’s annual net issuance of US$11.4 billion. Furthermore
The era of methanol ships has officially begun with the voyage of the world’s first methanol propulsion ship, built by a Korean shipbuilder. Following HD Korea Shipbuilding & Offshore Engineering, which leads in technology having secured the most methanol ship orders globally, Samsung Heavy Industri
Taiwan Semiconductor Manufacturing Company (TSMC), the world’s top semiconductor foundry, has maintained its position as the global semiconductor leader throughout the fourth quarter, ahead of Samsung Electronics. Forecasts suggest TSMC’s dominance will continue, fueled by a recovery in business per
The Ministry of Culture, Sports and Tourism, in conjunction with the Korea Visit Committee, will hold the “Korea Summer Beauty Sale” for a month from July 20 to August 20.The Korea Summer Beauty Sale is a public-private partnership event held with the participation of the K-Tourism Cooperation Team
Global brand Chevrolet starts full-fledged sales today with the official launch of ‘THE NEW TRAILBLAZER’ in Korea.Debuted in the global market in 2020, the Chevrolet Trailblazer is a model that sets the standard for a premium compact SUV with unique designs that can be selected according to consumer
Singapore’s sovereign wealth fund, GIC, is teaming up with domestic institutional investors to undertake a substantial data center project. Despite challenging investment market conditions due to factors like consecutive interest rate hikes, data centers are gaining popularity as a stable and attrac
According to industry sources on July 20, one of the most significant issues recently faced by Korean companies entering the Vietnamese market is power shortages. Concerns have been raised that chronic power supply problems, leading to frequent power outages, could hamper production.The power situat
Naver announced on the 20th that Poshmark, the C2C fashion commerce platform it acquired last January, has launched “Posh Lens,” which allows users to quickly search for products with just one photo.Posh Lens can find products that match or are similar to images of clothes, shoes, and bags taken by
Hana Bank announced on July 13 (local time) that it plans to expand its global investment banking business through a partnership with Bank Gospodarstwa Krajowego (BGK), otherwise known as Polish Development Bank. The bank’s main headquarters, located in Warsaw, Poland, was the site of the announceme