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
It has been belatedly confirmed that an Indonesian researcher working on secondment at Korea Aerospace Industries (KAI) is being investigated for alleged leakage of data related to the South Korean supersonic fighter jet, the KF-21 “Boramae.” It has been reported that a total of 49 files were discov
Overseas organizations that conduct joint research with Korean institutions will be able to directly participate in Korea’s national R&D projects as lead and joint R&D organizations.To ease the burden of R&D expenses for companies conducting international joint research, international joint R&D expe
SK E&S is set to bolster its collaboration with Australia in the development of liquefied natural gas (LNG) resources and the application of carbon capture and storage (CCS) technology for the production of blue hydrogen.On Feb. 2, a meeting was held at the SK Seorin Building in the Jongno district
FILA announced on Feb. 5 that Chairman Gene Yoon met FILA+ Creative Director Lev Tanju in Seoul on Feb. 1 to discuss their upcoming global premium line, marking a momentous step in the brand’s history spanning over 100 years.Tanju, the founder of world-renowned skatewear brand Palace and one of the
The government has announced its plan to expand the global Korean cuisine industry to a scale of 300 trillion won by 2027. The strategy involves increasing the number of overseas Korean restaurants to 15,000 and more than tripling the number of Michelin-starred Korean restaurants compared to the cur
Hana Securities announced on Feb. 1 that it is establishing a foreign investment solution team to expand its customer base to non-resident foreigners.Last year, the foreign investor registration system, which had been criticized as one of the obstacles for foreign investors in domestic investments,
The defense affiliates of Hanwha Group, including Hanwha Aerospace, Hanwha Systems, and Hanwha Ocean, will be participating in the World Defense Show 2024 (WDS 2024), held in Riyadh, Saudi Arabia from 4th to 8th Feb. With geopolitical crises increasing security demands in key Middle East regions, Ha
ASML Korea’s President, Lee Woo-kyung, disclosed before attending the SEMICON Korea 2024 Industry Leadership Dinner held at the Grand InterContinental Seoul Parnas in the Gangnam district of Seoul, on the last day of January, “We are looking at the year 2027 to bring in the High-Numerical Aperture (
IMM Investment has joined the United Nations Principles for Responsible Investment (UN PRI) to strengthen responsible investment.As of January 2024, IMM Investment announced that it officially signed and completed the formal membership process with the UN PRI. IMM Investment stated that the membersh
SK Networks, through its US affiliate, which has expanded direct and indirect investments in early-stage companies home and abroad, harnessing its global network and investment management processes, has successfully attracted external limited partners (LPs), a rare move in the world of corporate ven
The author is an analyst for NH Investment & Securities. He can be reached at bk@nhqv.com -- Ed.The two terms that defined last year’s stock market were ‘new cold war’ and ‘supply chain reshaping’. In 2024, decoupling between DMs and EMs is to become a new market-defining feature. Today, the US’s bu
Doosan Bobcat has successfully commercialized Korea’s first hydrogen forklift.Doosan Bobcat announced on Jan. 31 that they held a “First Hydrogen Forklift Rollout Ceremony” at their forklift factory in Incheon on Jan. 30.The shipped first hydrogen forklift from Doosan Bobcat is a 3-ton model equippe
SK hynix has announced plans to release its 5th generation High Bandwidth Memory (HBM), named HBM3E, this year, and aims to launch HBM4 by 2026.Kim Chun-hwan, vice president of SK hynix, revealed these plans during his keynote speech at SEMICON Korea 2024, held at COEX in the Samseong neighborhood o
The Ministry of Land, Infrastructure and Transport of South Korea announced on Jan. 29 that it will start accepting applications from Jan. 30 for this year’s K-City Network Global Collaboration Project. This initiative aims to establish a smart city cooperation network with foreign nations and suppo
POSCO Group is making significant strides into the clean hydrogen sector in collaboration with the Abu Dhabi National Oil Company (ADNOC), a state-owned petroleum company in the United Arab Emirates (UAE).POSCO International announced on Jan. 31 that it has signed a “strategic cooperation agreement
South Korean trading firm SK Networks is joining hands with the Bow Capital, the U.S.-based venture capital firm, to pursue a transformation into an investment company focused on the artificial intelligence (AI) sector.SK Networks announced the signing of a memorandum of understanding (MOU) for the
CJ Logistics announced on Jan. 31 that it has entered into a strategic partnership for logistics cooperation with Saigon Co.op, a Vietnamese state-owned retail chain giant.Through this partnership, both companies plan to establish a joint task force to collaboratively operate a new logistics center
The South Korean government is gearing up for the successful launch of its own version of NASA, the Korean Aerospace Administration (KAA), set to open in May. The Ministry of Science and ICT reported on Jan. 29 that it has been engaging with major international space agencies, including the U.S. Nat
Incheon will host this year’s APAC Wind Energy Summit on 26-28 November 2024.The thriving port city in South Korea has abundant potential for offshore wind development and provides the perfect setting for local, national and international groups to come together and drive the region’s offshore wind