NEOPIN, a decentralized crypto banking service, announced today that it has signed a strategic business agreement (MOU) with Catalyze Research (Catalyze), a web3 and blockchain consulting firm, and Futureverse, a metaverse, artificial intelligence (AI), and infrastructure development company, to exp
The author is an analyst for NH Investment & Securities. He can be reached at jaemin.ahn@nhqv.com -- Ed.Mobile Device Distribution Improvement Act abolished 10 years after implementationOn Jan 22, the Korean government announced its decision to abolish three regulations closely related to public liv
Eric Sangyub Sung, chairman of the Korea Venture Business Association and CEO of Intellian, emphasized the necessity of globalization for the growth of venture businesses. In a New Year’s event for the innovative venture industry held on Jan. 19 at EL tower in the Seocho district of Seoul, Chairman
In 2023, the volume of kimchi exports turned to growth, reaching a new record high. The global K-content craze had an impact on the increase in kimchi exports, experts say.According to the Korea Customs Service on Jan. 21, South Korea exported 44,041 tons of kimchi in 2023, up 7.1% from 41,118 tons
Huawei held a conference on the Top 10 Trends of Data Center Facility in 2024 and released the corresponding White Paper. At the conference, Yao Quan, President of Huawei Data Center Facility Domain, defined the three characteristics of future data centers: reliable, simplified, and sustainable. Yao
Korean companies doing business in China expect the Chinese market to improve in the second half of this year and beyond. In particular, they expect their sales to ascend from 2023.The largest number of the respondents (40 percent) expect an improvement in their business in China after 2024, followe
The author, Hyungcho Chung, is the founder and CEO of Scomot -- Ed.What Is the Ishango Bone?The Ishango Bone is an ancient tool that is considered to be one of the oldest known calculators in the world. It was found in the Ishango region of the Democratic Republic of Congo and is estimated to be aro
Hyundai Motor Group has sold its Chongqing plant in China for about 300 billion won. This has reduced the number of production bases in China from five to three since Hyundai entered the country in 2002. The decision was made to reorganize the structure of its Chinese business, thereby boosting its
Samsung Electronics and SK hynix will build the world’s largest and best semiconductor mega cluster in the southern part of Gyeonggi Province with a total investment of 622 trillion won. The Korean government will support this project by creating infrastructure and an investment environment, strengt
Samsung Heavy Industries and Hanwha Ocean are expected to wrap up shipbuilding contracts in March. QatarEnergy has expanded the size of its second phase LNG carrier ordering project.QatarEnergy, Qatar’s state-run energy company, has increased the number of reserved slots at Samsung Heavy Industries,
The Korean beauty care industry is turning its eyes to the Japanese market. It is a strategy to try to rebound by targeting Japan as an alternative market as its performance weakened due to a decline in the market share of Korean cosmetics in China.LG Household and Health Care’s cumulative sales thr
The number of technical regulations notified by World Trade Organization (WTO) member countries in 2023 exceeded 4,000 for the first time ever, a record high, showing that technical barriers to trade were rising among countries.The Korean Agency for Technology and Standards under the Ministry of Tra
SK Group announced that the cumulative number of visitors to the SK Group’s integrated exhibition hall at the Las Vegas Convention Center (LVCC), held from Jan. 9 to 12, was expected to reach around 60,000 by the third day of the opening, Jan. 11. In fact, throughout the event, long lines of visitor
Foreign tourists spent 5.64 million won (US$4,297) and 1.43 million won on duty-free goods per capita in November 2022 and November 2023, respectively. The amount plunged by more than 70%.The number of foreigners who visited domestic duty-free shops in November more than doubled to 646,000 from the
South Korean passports took second place in the global passport power rankings. They moved up one spot from third place last year.The number of countries that give visa-free entry to Korean passport holders stood at 193, which means Korean passports claim second place, tied with Finland and Sweden,
In the global electric vehicle (EV) market, the market share of South Korean battery manufacturers has fallen below 50%. China’s CATL, previously dominant only in the domestic market, is now matching LG Energy Solution in the global market outside China, enhancing its presence significantly.Accordin
The author is an analyst for NH Investment & Securities. He can be reached at kyeongkeun.kang@nhqv.com -- Ed.Revu is the leader among domestic influencer marketing platforms. The firm has over 1.15mn domestic and international influencers (members) and a total of 59,000 clients (advertisers). It has
Mirae Asset Global Investments announced on Jan. 11 that its Canadian ETF subsidiary, Horizons ETFs, has surpassed 30 billion Canadian dollars in assets under management. Acquired by Mirae Asset Global Investments in November 2011, Horizons ETFs has grown its assets about ninefold from the initial C
On Jan. 10, the Ministry of SMEs and Startups (MSS) announced the results of its Venture Enterprise Detailed Survey, analyzing the management performance, employment, and research and development (R&D) of venture companies as of the end of 2022.According to the MSS, the average revenue of venture co