Despite the rain on the afternoon of Aug. 28, the streets of Myeongdong in Seoul were bustling with foreign tourists. However, groups of Chinese tourists were noticeably absent. Volunteers stationed around the area were busier assisting in English and Japanese than in Chinese.China recently allowed
The Ministry of SMEs and Startups (MSS) announced that it held the Fabless Challenge, an event to select and support promising fabless semiconductor companies, at the KBIZ DMC Tower in collaboration with Samsung Electronics, on Aug. 29.The Fabless Challenge has been held since last year to strengthe
Prosecutors have launched a raid on the headquarters and subsidiary of KT Corp as part of an investigation into suspicions of embezzlement. According to industry sources on Aug. 28, the Fair Trade Investigation Division of the Seoul Central District Prosecutors’ Office, led by Chief Prosecutor Lee J
Lee Chan-hee, chairman of Samsung Group’s independent corporate compliance oversight committee, has raised the need for a group control tower. Given the immense scale of Samsung’s organization, he argues that having a control tower is essential to ensure efficiency and unity.According to industry so
As AIA Life Insurance prepares for the launch of its sales company in September, the company has started offering a remarkable incentive to competitors’ agents: up to 200 percent of their previous year’s salary. This represents a substantial increase of 18 to 190 percentage points above the industry
Koo Kwang-mo, the CEO of LG Group, has embarked on reviewing the progresses and strategies for cultivating future growth areas like biotechnology and artificial intelligence (AI).From Aug. 21 (local time) and over the course of four days, Koo visited Boston, the U.S., and Toronto, Canada, to assess
In the second quarter of this year, Korea’s net external financial assets (external financial assets minus external financial liabilities), which reflects the country’s external solvency, declined amid rising stock markets at home and abroad.However, Korea’s ratio of short-term external debt to tota
The development of next-generation network (6G) commercialization technology and core components, with a budget of 440 billion won, is set to begin in earnest next year. Further, there’s an ambition to demonstrate pre-6G technology by 2026 and secure 30% of the 6G international standard patents, aim
The author is an analyst for Shinhan Securities. He can be reached at jk.ahn@shinhan.com -- Ed.US government and Fed seek to bring down inflation without a recessionThe US Fed is seeking to stabilize inflation at lower levels without a recession in hopes of avoiding a repeat of the 1970s. It has rai
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
On Aug. 20, Shinhan Bank announced that it had celebrated its 30th anniversary of entry into Vietnam with an event at the Intercontinental Hotel in Ho Chi Minh City on Aug. 18.Shinhan Bank made its foray into Vietnam in 1993, a year after South Korea and Vietnam established diplomatic relations, bec
Daewoong Pharmaceutical announced on Aug. 20 that due to the global expansion of its self-developed botulinum toxin treatment “Nabota” and newly developed drugs such as Fexuclue and Envlo, its overseas exports have grown by more than 200% in the past two years.Exports, which stood at 448 billion won
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
“Team Korea,” comprising public corporations, private enterprises, and policy funds, has successfully undertaken a massive solar project in the U.S. valued at 600 billion won.The Korea Overseas Infrastructure & Urban Development Corporation (KIND) and the PIS Fund (Plant, Infrastructure, Smart City
Japan’s nationwide average minimum wage has surpassed 1,000 yen (9,241 won or US$6.88) per hour for the first time. It is analyzed that local governments have implemented larger increases than expected as rising prices overlapped with labor shortages.According to reports from Nihon Keizai Shimbun an
The overseas performances of major commercial banks have improved in the first half of this year. The improvement in performance in China and Southeast Asian subsidiaries has supported this trend.In the first half of this year, the four major commercial banks collectively recorded a net profit of 60
The news of a visit to Korea by an official from the UAE Royal Family Office (hereafter referred to as the UAE Royal Office), which has signed a business agreement with Aiitone, a KOSDAQ-listed company, is attracting attention from related industries.Aiitone (CEO Jin Yeop Lee), a fintech specialist
The semiconductor industry’s race to develop next-generation memory solutions, including high-bandwidth memory (HBM), processing-in-memory (PIM), and compute express link (CXL), sees two front runners in Samsung Electronics and SK hynix. In particular, as demand for HBM3 for AI has increased faster
With the rapid paradigm shift towards electric and autonomous vehicles, the demand for advanced high-performance semiconductor products has surged, moving away from legacy processes.According to industry sources on Aug. 13, competition is intensifying in the automotive semiconductor market for proce
On Aug. 12 (local time), the Governor of the Central Bank of the Islamic Republic of Iran announced that nearly US$1 billion in value had been lose from the approximately US$7 billion of its funds that are frozen in South Korea, attributing the decrease to the depreciation of the won’s value against