South Korea’s battery industry is on high alert due to the potential designation of companies as “Foreign Entities of Concern” (FEOC) by the United States. If Chinese companies that supply raw materials and substances to Korean firms get listed as FEOCs, it could hinder these firms from receiving th
SK telecom is joining forces with global urban air mobility (UAM) aircraft manufacturer Joby Aviation to commercialize UAM in South Korea.On Sept. 20, at the SK T-Tower, SK telecom revealed that it has signed a cooperation agreement with Joby for the Korean Urban Air Mobility Pilot Project (K-UAM Gr
The finalized and announced “Semiconductor Law Guardrail” regarding China, which could potentially weaken the competitiveness of South Korean semiconductor factories established in China, has failed to incorporate key demands made by the South Korean government and businesses.While some of South Kor
Last month, resident deposits fell below US$100 billion (133.65 trillion won), marking a decline for the first time in four months. This decline is attributed to the strong dollar phenomenon, which has led to a reduction in the conversion value of deposits denominated in euros and yen.According to t
Thanks to the success of K-pop artists like BTS and Blackpink, as well as the booming export of K-dramas and other Korean content, the first half of this year witnessed a record-breaking trade surplus in copyright exports, marking an all-time high.According to the “2023 First-Half Intellectual Prope
On Sept. 20, President Yoon Suk-yeol proposed the formation of a “Carbon Free Alliance” to the international community during the United Nations General Assembly held in New York. This proposal includes bringing forward Carbon-Free Energy (CFE), which encompasses nuclear power and hydrogen energy, a
Despite the favorable prospects for High Bandwidth Memory (HBM) driven by NVIDIA, concerns are rising as Samsung Electronics and SK hynix continue to experience an upward trend in their inventory assets. The majority of this inventory consists of the older Double Data Rate (DDR) 4, making it challen
Concerns are being raised that the structure of South Korea’s economy is evolving into the “New Normal” characterized by low growth. This is due to the fact that our economy, heavily reliant on exports, is not recovering, primarily as a result of the sluggish Chinese economy. Furthermore, external c
SK ecoplant continues to make significant strides in the global energy market as it has joined Korea's first utility-scale offshore wind power project.On September 24, SK ecoplant announced its successful bid for the “offshore wind power transportation and installation project (Foundations T&I Packa
For the first time, foreigners were honored at Shipbuilding and Offshore Day, the 20th anniversary of which was celebrated this year on Sept. 20. The honorees were Komkrit from Thailand who works for Daero ENG, a Samsung Heavy Industries partner, and Sri Lankan national Kumara, a worker of Jiu Indus
Hyundai Securities said in a company analysis report on Samsung Life Insurance on Sept. 22 that Korea’s biggest life insurer is expected to continue to increase its dividends in the mid to long term as it needs to serve as a major source of funds for deferred payment of the large inheritance tax by
Lotte Group’s Chairman Shin Dong-bin is focusing on the international market with the grand opening of the “Lotte Mall West Lake Hanoi” in Hanoi, Vietnam, set for Sept. 22 (local time). Covering an area of approximately 354,000 square meters, the shopping mall is equivalent to the size of 50 soccer
In the first half of this year, China’s CATL has seized a market share close to 33% in the global electric vehicle battery market, surpassing the combined market share of the top three South Korean battery manufacturers.According to energy market research firm SNE Research, global battery sales for
Amid the so-called “Huawei Shock,” with the company launching its Mate 60 Pro smartphone equipped with a 7-nm semiconductor, the U.S. is tightening its stance on China. Observers are now keenly watching how far the repercussions of this tension between the two giants will spread.As the end of the U.
S-OIL on Sept. 22 held charity event “Sharing Songpyeon (traditional Korean half-moon-shaped rice cake) with S-OIL” at its head office building in Mapo-gu, Seoul together with the Mapo Community Welfare Center of Loveaid Foundation.On that day, the CEO and some 100 employees prepared 500 Chuseok gif
Financial authorities have declared war on unfair trading forces, including stock manipulation. They will swiftly freeze accounts suspected of unfair trading, apply a zero-tolerance policy, and increase the reward for reporting to 3 billion won (US$2.24 million), up from 2 billion won (US$1.49 milli
Last month, the scale of corporate bond issuance increased by nearly 4 trillion won (US$2.98 billion) compared to the previous month. This surge was primarily driven by a significant increase in financial institution-issued bonds despite a decrease in the issuance of general corporate bonds. On the
Concerns are growing among domestic businesses as former U.S. President Donald Trump has pledged to nullify President Joe Biden’s electric vehicle transition policy if elected in the 2024 presidential election.Former U.S. President Donald Trump recently criticized President Biden’s electric vehicle
On Sept. 20 (local time), the Chong Kun Dang Kochon Foundation announced that it had held the “17th Kochon Prize Ceremony” at the U.N. Headquarters in New York on Sept. 21.This year, the Kochon Prize focused on the theme of “Recognition for medical professionals who do not give up on tuberculosis tr
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