Hana Bank will spin off its blockchain-based cross-border payment service platform.The bank decided at an extraordinary shareholders' meeting on May 31 to create a subsidiary specializing in global digital financial platform services and transfer its Global Loyalty Network (GLN) business.The sep
Doosan Heavy Industries & Construction (DHIC) announced on May 23 that it has succeeded in developing a technology to recover lithium carbonate from waste batteries.Lithium carbonate is a key material that generates and charges electricity in batteries. It is mainly used for laptop and cell phone ba
The author is an analyst of NH Investment & Securities. She can be reached at mj27@nhqv.com. -- Ed. Excluding CJ Logistics, CJCJ’s 1Q21 OP upped 56% y-y, delivering an earnings surprise. Despite y-y high-base effect, the firm’s strong earnings trend should continue moving ahead thanks to restructuri
The author is a freelance journalist and Google News PR specialist. She can be reached at virginia.sagal.media@gmail.com. -- Ed. Finding the right name for your business can be a tricky task, and why wouldn't that be? The name of your business should be one thing that comes at the top of your ch
The first trial on the case of Samsung C&T merger and Samsung Biologics’ accounting fraud allegations took place in Seoul on April 22. Every defendant, including Samsung Electronics vice chairman Lee Jae-yong, denied every allegation.“The vice chairman succeeded to Samsung Group and strengthened his
Samsung Electronics announced on April 20 that it will upgrade its SmartThings Find service next week.Launched globally in October 2020, the location information service helps customers locate their missing Galaxy devices quickly and easily. It uses bluetooth low energy (BLE) and ultra-wideband (UWB
The authors are analysts of NH Investment & Securities. They can be reached at minjae.lee@nhqv.com and ys.jung@nhqv.com, respectively. -- Ed. Attention is rising towards SMRs. In addition to their strengths in decarbonization, SMRs show potential for both complementing the output volatility of renew
The authors are analysts of NH Investment & Securities. They can be reached at ys.jung@nhqv.com. -- Ed. Global sales for FCEVs totaled around a mere 8,000 units as of 2020. That being said, over the long term, we expect FCEVs, along with EVs, to spearhead the shift towards clean mobility. Starting f
Lee Choun Hwan's ink wash paintings were exhibited at 2021 Busan Anuual Market of Art (BAMA) held from April 9 to 11.Lee started his career as a fine artist specializing in traditional ink wash paintings. He has not only advanced his ink painting techniques but developed a creative style of his
LG Electronics has decided to provide free smartphone operating system (OS) upgrading services for up to three years after its exit from the smartphone business. It will provide after-sale services for four years from their manufacture dates.LG Electronics announced a customer support plan on April
The author is an analyst of NH Investment & Securities. He can be reached at minjae.lee@nhqv.com. -- Ed. In the wake of a recent share price surge, we see several factors that need to be checked in order to justify an increased valuation for the cement industry. We view the key check points as being
Pulmuone has entered the vegetable protein and vegetable meat business, aiming to become a leading vegetable-based food company.Pulmuone announced on March 24 that it plans to secure future growth engines by launching new products in the global market in line with the growing vegetable intake among
The author is a freelance journalist and Google News PR specialist. She can be reached at virginia.sagal.media@gmail.com. -- Ed.Running a business in the new age of social media and marketing means that your company image is key to winning over new clients, and getting people interested, which is wh
The Bank of Korea announced on March 16 that the average daily non-face-to-face settlement based on mobile devices and the like increased 16.9 percent to 849 billion won in 2020.“Last year, the total settlement was 2,247 billion won and the indirect settlement accounted for 39.6 percent of it,” the
AIA Group announced on March 12 its financial results for the year ended Dec. 31, 2020. The group posted a 5 percent growth in operating profit after tax (OPAT) and a 7.5 percent increase in the final dividend to 100.30 Hong Kong cents per share.For the full year, value of new business (VONB) of US$
Kia Corp. has revealed the first official images of the EV6 – its first dedicated battery electric vehicle (BEV) built on the company’s new EV platform (Electric-Global Modular Platform, or E-GMP).EV6 is also the first of Kia’s next-generation BEVs to be developed under a new design philosophy that
The Korea Institute of Science and Technology (KIST) announced on March 3 that its research team led by Dr. Kim Jin-sang developed a flexible thermoelectric element capable of semi-permanently generating electricity by using body temperature. The element is characterized by containing polydimethylsi
Samsung Electronics’ foundry in Austin, Texas, still remains suspended after having been shut down by a power outage on the afternoon of Feb. 16. Industry analysts forecast that the shutdown may continue for about two months until mid-April.Electric power supply was resumed in three days as schedule
Hyundai Motor Co., Kia Corp., and Hyundai Mobis announced on Feb. 8 that they were not in talks with Apple about developing autonomous vehicles.A month ago, Hyundai Motor and Kia said they were receiving proposals from many companies to cooperate in joint development of autonomous electric vehicles.
The author is a freelance journalist and Google News PR specialist. She can be reached at virginia.sagal.media@gmail.com. -- Ed. The U.S. business culture characterized by innovation and entrepreneurialism is unique in relation to most other countries around the world, which is why it remains to thi