The Ministry of Land, Infrastructure, and Transport (MOLIT) announced on Dec. 26 that it will launch the KASS, which provides precise positioning signals by correcting positioning errors on Dec. 28. The service can decrease the scope of errors (15 to 33 meters) that occur when using GPS signals to 1
The rivalry in the advanced 2-nanometer (nm) semiconductor process among leading chipmakers from South Korea, Taiwan, and the United States is expected to intensify next year.According to industry reports on Dec. 25, global foundry leaders – Taiwan’s TSMC (first in the industry), South Korea’s Samsu
The Financial Supervisory Service (FSS) is reportedly seeking a combined fine of 20 billion won (US$15.36 million) for BNP Paribas and HSBC, both of which have engaged in naked short selling. The FSS aims to impose an individual fine of 10 billion won on each of the financial institutions.Bloomberg
In the premium TV product line, Samsung Electronics’ market share in the Mini Light Emitting Diode (LED) TV market has significantly dropped this year. While Samsung, which had an overwhelming market share, experienced a decrease in shipments, Chinese companies like Hisense and TCL increased their s
Following the spread of COVID-19, North Korea’s real gross domestic product (GDP) has experienced three consecutive years of negative growth, leading to a widening income gap of up to 30 times per capita between North and South Korea. Last year, North Korea’s population was approximately half the si
The number of mergers and acquisitions (M&As) involving major corporations in the country this year has more than halved compared to last year.On Dec. 20, CEO Score, a corporate data research institute, revealed that the number of M&As this year has reached 60. This information is based on quarterly
Foreign currency deposits held by residents of South Korea have increased for the second consecutive month. The prolonged trend of a historically low value yen has led to a growing number of investors seeking to purchase yen at a favorable rate. Additionally, the increase in export earnings deposite
The number of foreign residents in South Korea exceeded 1.4 million for the first time as the number of foreigners with E-9 visas working in non-professional jobs and international students increased due to the COVID-19 endemic. If including naturalized immigrants who have acquired South Korean citi
Samsung Heavy Industries disclosed on Dec. 18 the arbitration tribunal’s decision regarding the damage compensation for defects in the cargo holds of two liquefied natural gas (LNG) carriers they built.On Dec. 15 (local time), the London arbitration tribunal ruled that Samsung Heavy Industries must
Recent data reveals that less than 1 percent of the South Korean population, specifically the top wealth holders, possess nearly 60 percent of the total financial assets of all households. Their combined financial assets amount to 2,747 trillion won (US$2.11 trillion), with real estate assets reachi
On Dec. 18, Korea Development Bank (KDB) and the Korea Ocean Business Corporation (KOBC) announced the selection of the Pan Ocean-JKL consortium as the preferred bidder for the acquisition of the management rights of HMM, the largest ocean container shipping company in South Korea. After negotiation
More than half of the 82 major conglomerates surveyed have holding companies, with 38 groups transitioning to a “holding company system.” The average ownership stake in holding companies held by conglomerate owners and their families has slightly decreased compared to the previous year.According to
According to an analysis, up to 96,000 new foreigners will enter Korea every year for the next 50 years. Under these circumstances, if a worst-case low-fertility scenario is realized, one in three people of working ages in Korea will be foreign by 2072.According to the results of the 2022 Population
Analyses suggest that South Korea’s foundry (semiconductor contract manufacturing) production capacity may decrease somewhat due to the semiconductor competition between China and the United States and the competitive reshaping of supply chains by major global countries.According to the market resea
Last year, the debt of the central and local governments, non-profit public institutions, and non-financial public enterprises in the public sector reached nearly 1,600 trillion won (US$1.24 trillion), marking a historic high. The debt of non-financial public enterprises such as Korea Electric Power
The government has set a goal to expand the K-Robot market to a scale of 20 trillion won by 2030 as the future growth engine. A combined investment of over 3 trillion won from both public and private sectors is planned with the objective of deploying one million robots across various industries, inc
The author is an analyst for NH Investment & Securities. He can be reached at jooyh@nhqv.com -- Ed.Amid the process of Lotte Rental expanding its used car rental business, its used car sales volume has decreased. But, its sales and OP growth should sustain in 2024 on both export expansion and brand
Offshore plants, the main cause of the shipbuilding industry’s prolonged recession, are making a comeback. Demand for offshore plants is changing from oil to eco-friendly energy such as offshore wind power and liquefied natural gas (LNG). It is expected to become a new growth driver for Korean shipb
The continued decline in semiconductor prices and a slowdown in the growth rate of automobile exports have led to a deterioration in the growth and profitability indicators of domestic companies in the third quarter from July to September.According to the results of the “Q3 Corporate Management Anal
As expectations for a stock market rebound rise due to the complete ban on short selling, there is an increase in related funds in the market. With investor deposits recovering to 50 trillion won in just two months, there also seems a surge in the balance of margin loans.According to the Korea Finan