Executives and experts from domestic e-commerce companies such as Coupang are collaborating to develop strategies in response to the aggressive expansion efforts of Chinese e-commerce platforms including AliExpress and Temu.According to industry sources on Feb. 14, the Ministry of Trade, Industry an
On Feb. 14, President Yoon Suk-yeol stated, “We will strive to position South Korea as the most favorable destination for businesses worldwide.”President Yoon hosted a luncheon meeting with foreign investment company representatives at the Korea Chamber of Commerce and Industry building in the Jung
Butechnology's successful patent application and registration for aircraft maintenance have raised expectations for its entry into the civilian aviation maintenance sector.On the 14th, KOSDAQ-listed company Butechnology (CEO Jin Yeop Lee) announced that it has obtained a patent for augmented reality
The number of employment insurance holders rebounded for the first time in seven months in January. However, one third or more of the increase was among foreign workers.The figure also shrank in the manufacturing industry with the exclusion of foreigners. It had been on the wane for four months sinc
The competition in the foldable phone market is expected to intensify this year. Amid predictions that Chinese companies, including Huawei, are set to release a “tri-fold phone” that can fold both inwards and outwards twice, Samsung, a leader in the foldable phone market, is anticipated to unveil it
The author is an analyst for Shinhan Securities. He can be reached at sokang@shinhan.com -- Ed.4Q23 review: New game and profitability disappointNCsoft registered operating profit of KRW3.9bn (-91.9% YoY, -76.7% QoQ, operating margin of 0.9%) on sales of KRW437.7bn (-20.1% YoY, +3.5% QoQ) for 4Q23,
Civic groups in Pohang, North Gyeongsang Province, collectively known as the “POSCO Citizens’ Response Committee,” held an urgent executive committee meeting on Feb. 12 to formally oppose the nomination of former POSCO President Jang In-hwa as the CEO candidate for POSCO Holdings.The Citizens’ Commi
SK on has announced a supply agreement to receive natural graphite from its American anode material partner, Westwater Resources. This acquisition of American-sourced graphite strengthens SK on’s response capability to the Inflation Reduction Act (IRA).On Feb. 12, SK on disclosed that it had finaliz
Pharmaceutical companies are expanding their presence into Southeast Asia, particularly Indonesia and Vietnam. There is a high preference for Korean products and a high growth potential in these markets, leading to strong optimism about the possibility of expansion. Among these countries, Indonesia
Partnerships are on the uptick between North America’s No. 1 automaker General Motors (GM) and Korean companies. They started with electric vehicle batteries and are now expanding to battery materials and electronics and semiconductors.GM Chairwoman Mary Barra, who made her first visit to Korea on F
SK hynix and Taiwan’s TSMC have established an “AI semiconductor alliance.” SK hynix, riding the wave of generative AI popularity, has emerged as a leader in the high bandwidth memory (HBM) market, while TSMC is the world’s largest semiconductor foundry. The strategy aims to consolidate the companie
Samsung Biologics has announced a collaboration with LegoChem Biosciences for the development of Antibody-Drug Conjugate (ADC) therapeutics.On Feb.7, Samsung Biologics revealed it had entered into a new Contract Development Organization (CDO) agreement with LegoChem Biosciences (hereinafter referred
KT&G has rejected the request of an activist-oriented private equity fund to file a lawsuit seeking damages against its former and current directors.On Feb. 7, KT&G announced that it had decided not to file a lawsuit regarding the request from Flashlight Capital Partners (FCP), a private equity fund
The voices of labor unions within Samsung Group are growing louder. This is because not only are affiliate unions demanding the same wage increase through solidarity but the launch of a unified union, beyond affiliate unions, is on the horizon.On Feb. 6, the Samsung Group Trade Union Solidarity, a f
Xiaomi and Huawei, major Chinese smartphone manufacturers, are set to launch a series of new premium phone models, intensifying competition for Samsung Electronics, which is already contending with Apple’s iPhone. The Xiaomi 14 series will be globally released this month, featuring the Qualcomm Snap
Celltrion announced on Feb. 6 that Rani Therapeutics (Rani) in the United States has confirmed positive topline results in the Phase 1 clinical trial of oral ustekinumab (development name: RT-111). RT-111 is an oral formulation of Celltrion’s Stelara biosimilar, CT-P43, currently under development.I
On Feb. 6, a joint research team at the Ulsan National Institute of Science and Technology (UNIST), led by Professor Lee Jae-sung, Professor Jang Ji-wook, and Professor Seok Sang-il from the Department of Energy and Chemical Engineering and Professor Lim Han-kwon from the Graduate School of Carbon N
Pernod Ricard Korea, a Korean affiliate of Pernod Ricard Group, a global liquor maker, has launched a range of elegant whisky gift sets to celebrate the Lunar New Year in 2024, the Year of the Dragon. The sets feature various product lines ranging from high-quality blended whiskies to unrivaled sing
Domestic defense companies such as LIG Nex1, Hyundai Rotem, and Hanwha Aerospace are mobilizing to participate in the Saudi International Defense Exhibition held in Riyadh, the capital of Saudi Arabia, until Feb. 8, aiming to penetrate the Middle Eastern market.According to the defense industry on F
The Financial Supervisory Service (FSS) has announced plans to conduct a comprehensive investigation aimed at eradicating the common practice of illegal short selling by global investment banks (IBs).In its business plan announced on Feb. 5, the FSS stated, “We will crack down on market disruptions