POSCO Holdings, the holding company of POSCO Group, elected Chang In-hwa as its chairman in a general shareholders meeting and a Board of Directors meeting at the POSCO Center in the Gangnam district of Seoul on March 21. Chang will serve a three-year term.Tough challenges are facing Chang, who star
SG is a leading domestic asphalt concrete maker. We expect to see: 1) significant improvement in public procurement orders following the end of regulations on SMEs; 2) market share expansion for the firm’s ecosteel asphalt concrete; and 3) benefits for the newly established Ukrainian subsidiary afte
KEB Hana Bank is achieving robust performance through equity investments in Vietnam and China. Instead of securing local corporate licenses, the bank’s decision to opt for minority stake acquisitions has proven successful. KEB Hana Bank is further expanding its collaborations with invested banks to
The 17-year trend of Japan’s persistent negative interest rates has come to an end, yet the market’s response remains tepid. This is attributed to assessments indicating difficulty in perceiving a full-fledged tightening. However, there are prospects suggesting that the yen may strengthen from the s
Taiwan’s stock market has reached an all-time high, propelled by the surge in Taiwanese technology stocks, including TSMC, amid the global semiconductor boom. The narrowing gap in market capitalization with the domestic stock market has narrowed to approximately US$4 billion.According to the Taiwan
On March 21, the KOSPI index closed at 2,754.86, marking a significant increase of 64.72 points, or 2.41 percent, compared to the previous day’s closing.The KOSPI started at 2,731.18, up 41.04 points, or 1.53 percent, from the previous day’s closing, and it rose to 2,755.45 at one point during the t
On March 15, Chong Kun Dang announced that as part of the Harvard Business School's 'Korea Trek 2024' program, 55 students visited its headquarters on March 13th.The Harvard Business School Korea Trek is a training program that introduces students to Korean culture, society, industry, and history. I
HD Hyundai Construction Equipment recently announced on March 20 that it has signed a contract for the supply of 60 construction machines, including 6 units of 34-ton large excavators and 36 units of 22-ton medium excavators in Sudan.Despite a nearly half decrease in excavator sales in the African m
The possibility of exporting South Korea’s indigenous helicopter, Surion, to Iraq is increasing. Following visits by high-ranking Iraqi military officials, the Iraqi Defense Minister’s visit to South Korea has heightened discussions about the introduction of the Surion. The potential first export of
Investment in 12-inch (300 mm) fab (semiconductor production plant) equipment is expected to surpass US$100 billion by 2025 and reach US$137 billion by 2027.The International Semiconductor Equipment and Materials Association (SEMI) reported on March 20 in its “300 mm Fab Outlook” that investment in
Samsung SDI, a leader in the all-solid-state battery (ASB) sector, has reconfirmed its goal to start mass production of all-solid-state batteries in 2027.During the annual general meeting held on March 20 at The K Hotel Seoul in Seocho District, Seoul, Choi Yoon-ho, CEO of Samsung SDI, announced, “W
Samsung Electronics, which lost its lead to SK hynix in the high bandwidth memory (HBM) market, which is becoming known as the AI semiconductor market, has drawn its sword for a counterattack.The company plans to shake up the AI semiconductor market by launching a new concept of "AI accelerator" (a
Samsung Display and LG Display, the two major Korean display makers, have begun the second round of their battle in the display market. Unlike LG Display, which makes large-sized panels, Samsung Display makes smash hits focused on small and medium-sized panels. LG Display is trying to reverse its fo
Hanwha Aerospace is working with the Korea Aerospace Research Institute to develop a next-generation launch vehicle (KSLV-III) that significantly improves on the performance of the Nuri (KSLV-II). Based on a public-private partnership, the company looks to strengthen its launch vehicle technology an
SK bioscience, a global innovative vaccine and biotech company committed to promoting human health from prevention to cure, announced today that the company has shipped approximately 440,000 doses of SKYCellflu to Biogenetech in Thailand from its vaccine manufacturing facility ‘L HOUSE’ in Andong, S
FILA Holdings reaffirmed its commitment to responsible management and shareholder returns by publicly disclosing on March 20 that it will retire its existing treasury stocks and buy back up to 50 billion won worth of shares this year.The treasury stock retirement and share buyback plan aligns with t
Nexen Tire is consolidating its three European bases -- Czech Republic, Germany, and Italy -- into a single Czech corporation. This initiative aims to streamline business operations by centralizing dispersed bases within Europe. There is keen interest in whether Nexen Tire, which encountered setback
Bereum, a pioneering force in postbiotic, has recently inked a strategic collaboration with Hyundai Corporation Group to venture into the North American market. The contract, valued at $10 million, marks a significant milestone in the company's journey, positioning it as the sole domestic competitor
In February, automobile exports, production, and domestic sales declined from the same month of 2023 and the previous month of January.The descent was attributable to a slowdown in the growth of electric vehicle sales in both the Korean and overseas markets, as well as a drop in production and shipp
Coway Co., Ltd., the “Best Life Solution Company,” showcased its product lineups at the Inspired Home Show held at McCormick Place in Chicago, USA, from March 17th to 19th, 2024, aiming to accelerate its penetration into the North American air purifier market.The Inspired Home Show is the largest ho