While Korea Electric Power Corporation (KEPCO) annually purchases electricity generated through renewable energy, it was revealed on Sept. 7 that the mandatory supply ratio will significantly increase from 13% this year to 17% by 2027.According to data released by People Power Party’s Yang Geum-hee’
On Sept. 7, the Incheon International Airport Corporation announced that Incheon Airport achieved re-certification of the highest level, Level 5, for customer experience during the “5th Customer Experience Global Summit” held in Incheon on Sept. 6.Customer experience pertains to the entire journey,
Hanwha Group Vice Chairman Kim Dong-kwan, who orchestrates Hanwha’s solar power business and projects, has succeeded in securing a polysilicon supply chain in the North American market. Experts regard this as the final piece of the puzzle for the completion of the Solar Hub Project, the largest sola
KT is set to enhance the performance of its mega-scale AI ‘Mi:dm’ in collaboration with the Vector Institute of Canada, one of the world’s premier AI research institutions.On Sept. 5, KT revealed that it had discussed collaboration in the mega-scale AI domain with the Vector Institute at the KT Inst
The author is an analyst for NH Investment & Securities. He can be reached at kyeongkeun.kang@nhqv.com -- Ed.Millie’s Library is an e-book subscription platform boasting outstanding market share. Key indicators for the firm (eg, monthly average free-to-paid conversion rate and repeat subscription ra
Mercedes-Benz has overtaken BMW as the No. 1 brand in monthly imported car sales after three months in the Korean imported car market. Audi remained in third place for the second consecutive month.The Korea Automobile Importers and Distributors Association (KAIDA) said on Sept. 5 that 23,350 importe
STRADVISION, an automotive industry pioneer in deep learning-based vision perception technology, and Horizon Robotics, a leading provider of energy-efficient computing solutions for consumer vehicles, recently formed a strategic partnership. The collaboration focuses on the production-quality implem
South Korean cosmetics have gained popularity not only in neighboring Japan and China but also in North America and Europe, soaring in global demand. Factors contributing to this surge include the relative affordability of these products, outstanding quality, the global popularity of K-pop, and enha
Sales of Hyundai and Kia’s electric vehicles (EVs) in South Korea are steadily declining. This drop is attributed to decreasing subsidies, rising charging costs, and intensified competition as imported car brands aggressively penetrate the domestic EV market.According to Hyundai Motor Group on Sept.
The fate of the 11Street (11st) platform hangs in the balance as its planned Initial Public Offering (IPO) becomes uncertain, leading to speculations of a potential sale. The inability to complete the IPO within the timeline promised to investors has led SK square to consider divestment as an altern
Coway Co., Ltd., the “Best Life Solution Company,” has once again demonstrated its exceptional design expertise by securing the Silver and Bronze awards and a Finalist nomination at the International Design Excellence Awards (IDEA) 2023.Hosted annually by the Industrial Designers Society of America
Demand for carbon fiber, which has come into the spotlight as a future material for the hydrogen era, is on the uptick. It is 10 times stronger than iron and also lighter, making it suitable for high-pressure hydrogen storage. It is expected to become a key material in the renewable energy and aeros
Hanwha Ocean will build global production centers for submarines in North America (Canada) and Europe (Poland). The company has recently reorganized its submarine-related specialty ship organization to focus on domestic and international submarine orders worth a total of 80 trillion won.On Aug. 30,
Coupang Play, the fastest-growing OTT service in Korea, has completed its executive reinforcement within the engineering organization and is accelerating its efforts to enhance the product experience. The executives appointed by Coupang Play are Rohit Puri, Head of Engineering, and Sekwon Choi, Head
Hyundai E&C has won the Finalist Award at the International Design Excellence (IDEA) Awards 2023 for “The Rabbit Playground” at Hillstate Hongeun Forest apartment complex.The IDEA Design Award, which began in 1980, is an international design award organized by the American Industrial Designers Assoc
As the won-dollar exchange rate approaches its peak of the year, the stock prices of Hyundai Motor and Kia Motors, the leading beneficiaries of the weak won, are taking a step back. Despite posting their highest-ever quarterly earnings in the second quarter, the lingering effects of an economic slow
The Korean government has begun to improve its system to allow more skilled foreign workers to work longer at workplaces in Korea.On Aug. 24, the Ministry of Justice announced a plan to revolutionize work visa regulations in order to drive Korea’s economic growth at the 4th Regulation Innovation Str
The author is an analyst for NH Investment & Securities. He can be reached at sw.kang@nhqv.com -- Ed.Spiking real interest rates undermine fiscal sustainability. The US government will try to pace its spending and ease supply pressures through the TGA account. However, investors have no incentive to
SK hynix has successfully developed the world’s first 5th generation High Bandwidth Memory (HBM), setting a new benchmark for high-performance DRAM.On Aug. 21, SK hynix announced, “We have successfully developed ultra-high-performance DRAM for Artificial Intelligence (AI), dubbed the 5th generation
The key focus of the economic collaboration announced at Camp David between South Korea, the U.S., and Japan is the mitigation of “China Risk.” This cooperative effort is aimed at countering China’s growing influence in high-tech industries by jointly tackling supply chain disruptions and technologi