Hyundai Rotem has completed preparations for main contract negotiations for the Polish K2 tank (K2PL). It has also decided to promote production of the K2 tank in Poland.Hyundai Rotem announced on April 3 that it signed a consortium (K2PL Consortium) implementation agreement on a K2 tank production
In February of 2023, residents’ foreign currency deposits in Korea declined by more than US$11.7 billion from the previous month, the largest decrease in 10 years and eight months since June 2012. This is attributable to a drop in deposits in all currencies, including the U.S. dollar and euros, as w
The renowned Middle East and Africa (MEA) tech event, LG Showcase 2023, has finally returned to the region after a four-year hiatus. The two-day event was held at Al Habtoor City in Dubai and successfully showcased every new LG product being launched in the region this year to an all-time-high crowd
The world is focusing on the 2023 Genesis Invitational, which began on Feb. 16 (local time), as Tiger Woods has chosen the event for his comeback after seven months. Woods’ decision is drawing attention to his special friendship with Chung Eui-sun, chairman of Hyundai Motor Group.Woods has decided t
Whatever you imagine when you think of a school headmaster, Guðmundur Hegner Jónsson is likely to surprise you. Originally from Iceland and standing close to two meters in height, he has dug up the world’s past as an archaeologist, recorded in the same studio as The Beatles, and speaks four language
Samsung Electronics have joined hands with Google and Qualcomm to develop next-generation extended reality (XR) devices. The specific method of their cooperation has not been finalized. But as Apple is about to release a mixed reality (MR) device within this year, the three companies are banding tog
The author is an analyst of NH Investment & Securities. He can be reached at jaemin.ahn@nhqv.com. -- Ed. Building on the solid earnings ballast provided by its wireless business, SKT has entered several new business arenas, including subscription services, metaverse, IDC, AI, and UAM ventures. Rathe
The Financial Services Commission announced on Jan. 19 that mandatory investment registration certificates applied to foreigners would be repealed and blockchain-based securities token offering (STO) would be permitted.The mandatory certificates were introduced in 1992 so that foreigners register th
Work on Samsung Electronics' second U.S. foundry in Taylor, Texas, is on track and will be completed this year, Kyung Kye-hyun, head of the company's Device Solution (DS) Division, said recently, adding that the plant will start rolling out best-in-class advanced products in the United State
Hyosung Group vice chairman Cho Hyun-sang will attend the World Economic Forum, which kicked off in Davos, Switzerland on Jan. 16 (local time). Cho attends the Davos Forum for the first time in three years. During the forum, Cho will meet with global leaders to discuss business cooperation and promo
The Skin Factory, known for its personal care brand KUNDAL, plans to further accelerate its overseas sales growth by acquiring Abill Korea, the owner of the natural beauty brand NACIFIC, which has a strong presence in overseas markets.Abill Korea was established in 2014 and has been successful in ov
The author is an analyst of KB Securities. He can be reached at cygun101@kbfg.com. -- Ed. Maintain BUY, raise target price to KRW280,000 We maintain BUY and raise our TP by 3.7% to KRW280,000 on Samsung F&M based on the following:(1) Long-term loss ratio should continue to improve this year.(2) BVPS
The author is a fixed income strategist of Shinhan Securities. He can be reached at jk.ahn@shinhan.com. -- Ed. Inflation drivers shifting to cost, raising doubts over further tighteningThe Bank of Korea (BOK), at the press conference held on December 20 after the review of its inflation targeting op
The authors are analysts of Shinhan Securities. They can be reached at sokang@shinhan.com and dongseok.kim@shinhan.com, respectively. -- Ed. Review of The Callisto ProtocolThe Callisto Protocol was released on December 2 for PC (Steam), Xbox, and PlayStation. The game, focusing mainly on following t
Vietnam is expected to become Korea’s third-largest trading partner this year, the Federation of Korean Industries (FKI) said in a report on Dec. 21.Trade between Korea and Vietnam was US$500 million in 1992 when the two countries normalized their diplomatic relations. It reached US$80.7 billion las
As we approach another new year with COVID-19 in tow, the pandemic still weighs on businesses and organizations of all sizes. The last three years have been a reminder of the need for agility and resilience in business leadership along with a willingness to engage on a global scale. These attributes
Koo Kwang-mo, chairman of LG Corp., emailed a digital video containing his New Year’s message to LG employees around the world on Dec. 20.In his 2023 New Year’s message, Koo emphasized the importance of customer value created by LG Group members. “When LG employees, who strive to practice customer v
Prestige whisky brand Royal Salute presents a new concept of whisky comparable to its reputation. The ‘Royal Salute Cask Programme’ will be unveiled to the global market as well as the Korean market for whisky lovers and investors who recognize the heritage of Scotch whisky and the aesthetics of tim
The Bank of Korea announced on Dec. 15 that South Korea’s import price index was 148.07 in November, down 5.3 percent from the previous month.The index fell in three months, with the Korean won-U.S. dollar exchange rate and international oil prices falling together. The average exchange rate was 1,4
MBK Partners chairman Michael ByungJu Kim has been selected by Forbes Asia as one of Asia's representative philanthropists for the second consecutive year following 2021.Forbes Asia announced the list of 15 Asian philanthropists for 2022 on Dec. 6, which included chairman Kim once again.The list