Insurance companies are calling for the government to share public medical data so that they can change and develop insurance products by using medical big data. The Ministry of Health and Welfare is planning to come up with guidelines on medical data utilization next month to cover the industrial a
HDC Hyundai Development Co. said on July 26 that additional due diligence of Asiana Airlines and its subsidiaries needs to be conducted for about 12 weeks starting from next month for its acquisition of the airline. It also said that it is still willing to acquire Asiana Airlines.“We have sent more
The authors are analysts of NH Investment & Securities. They can be reached at ys.hwang@nhqv.com. -- Ed. Earth’s fragility revealedOn Dec 24, 1968, an astronaut on the Apollo 8 mission took a photograph showing Earth behind a portion of the Moon’s surface. Named Earthrise, the photograph is often ci
Netflix is solidifying its position as the largest platform in the paid broadcasting market of South Korea. At the same time, disputes are arising with regard to network fees, profit distribution, music royalties, and so on.The number of Netflix users in South Korea who pay for the service jumped fr
The author is president & head of mobile communications business, Samsung Electronics. -- Ed. Since I took over the reins at Samsung Mobile six months ago, so much has changed. What was once ordinary now feels extraordinary – whether you’re visiting a friend or going out for a meal.I consider this n
In a recent survey with 100 South Korean companies, 39.4 percent answered that the pace of minimum wage increase has to be adjusted and 52.1 percent answered that the pace should be adjusted.In addition, 54.8 percent answered that next year’s minimum wage needs to be equal to this year’s and 39.8 pe
The authors are strategists of NH Investment & Securities. They can be reached at tedoh@nhqv.com and julie.cho@nhqv.com, respectively. -- Ed. US real economy looks to have hit bottom, but full-fledged recovery yet to materializeThe New York Fed’s Weekly Economic Index (WEI) arrived at -11.5% at end-
The author is a strategist of NH Investment & Securities. He can be reached at tedoh@nhqv.com. -- Ed. Helped by robust monetary and fiscal policies, the US’s real economic indicators appear to have hit bottom in May, ahead of expectations. However, the Fed’s asset purchase is on the decline, and the
Tripartite talks failed in the end due to the insistence of the Korean Confederation of Trade Unions (KCTU). A complete agreement of the KCTU, the Federation of Korean Trade Unions (FKTU), employers and the government, which has been anticipated for 22 years, is now up in the air again. The KCTU is
Tripartite talks failed in the end to reach an agreement in the first half of this year. Not to mention that the government, employers and employees failed to handle their different views, the Federation of Korean Trade Unions (FKTU) and the Korean Confederation of Trade Unions (KCTU) have different
SK Telecom announced on June 25 how its Nugu Care Call, an artificial intelligence (AI)-powered automated check-in call service, is enhancing the work efficiency of healthcare professionals during the COVID-19 pandemic.Launched a month ago in Korea, Nugu Care Call is a service where SK Telecom’s AI,
The Korean Confederation of Trade Unions (KCTU) made a sudden announcement last week to demand a 25.4 percent increase in minimum wage. On June 24, the Federation of Korean Trade Unions (FKTU) held a news conference to express regret at the announcement.“The two labor union groups and civic organiza
The Federation of Korean Trade Unions and the Korean Confederation of Trade Unions held a press conference on Jan. 9 against the government’s plan to change the minimum wage determination mechanism.The South Korean government’s plan to revise the minimum wage determination mechanism announced in Jan
Samsung Electronics and LG Electronics have ended their dispute over ads about their TV products.The Fair Trade Commission said on June 5 that it has stopped a review process on the complaints that the two electronics companies filed against each other."We have decided to end the review process as t
The Ministry of Land, Infrastructure and Transport had a meeting with airlines on May 19 to discuss government support for their international flights.With COVID-19 showing at least some signs of subsiding, South Korean airlines are preparing to resume their international flights. For example, Korea
An increasing number of South Korean biotech companies are calling for the government to relax the 52-hour workweek regulation. COVID-19 test kit manufacturers are saying that they would fail to meet their orders due to the regulation and labs working on COVID-19 drugs are saying that they are condu
The indemnity insurance loss ratio of South Korean insurers reached 137.2 percent in the first quarter of this year, up 2.6 percentage points from the previous quarter and up 5.9 percentage points from a year earlier. This means their insurance payments exceeded the insurance premiums they received.
South Korean households’ communication expenses are continuing to decrease as an increasing number of customers are using contract discounts. The expenses hit an all-time low whereas their data usage increased after the launch of commercial 5G services.Statistics Korea announced on May 10 that South
SK Telecom announced on May 3 that it has agreed with Deutsche Telekom to deepen cooperation in information and communication technologies (ICT) to alleviate challenges caused by the coronavirus (COVID-19) pandemic.The two companies’ executives, including SK Telecom president Park Jung-ho and Deutsc
The three major Korean telecommunication companies are divided over the issue of imposing network use fees on Netflix, which is enjoying brisk business both at home and abroad.The most vocal critic of the free-riding issue is SK Broadband (SKB). SKB is taking a strong stance against Netflix as it is