Foreign game companies are increasingly copying South Korean companies’ games and the South Korean government is doing nothing, according to those in the industry.At present, Krafton USA and Singapore-based Garena are in litigation over the former’s PUBG: Battlegrounds. Apple and Google are also inv
An increase in consumers' use of paid membership in the e-commerce market is fueling competition among e-commerce companies over service fees and benefits.Coupang's Wow membership is currently considered the most reasonable e-commerce paid membership. It offers a variety of benefits in shopp
Hyundai Motor Group’s sales in Europe grew 23 percent in 2021 from the previous year. It beat BMW Group to regain fourth place. In particular, the sales gap with Renault Group, which is ranked third, is only 30,000 units. A fierce competition for third place is expected next year. According to the E
Google and Meta have announced their entries into the global smartwatch market in 2022.Samsung Electronics created the smartwatch market by launching the Galaxy Gear in 2013. Apple expanded the market with the Apple Watch series. The market has expanded as activity applications (apps), which detect
The Ministry of Culture, Sports and Tourism and the Korea Creative Content Agency announced on Dec. 20 that sales of Korea's game industry increased 21.3 percent to 18.8855 trillion won last year and exports from the industry increased 23.1 percent to 9.6688 trillion won in that period.The perfo
Hyundai Glovis announced on Dec. 16 that it has signed a transportation contract worth 501.8 billion won with an overseas carmaker.This is the largest contract Hyundai Glovis has signed with a single global carmaker. Under the contract, Hyundai Glovis will ship cars produced in China to Europe from
Hyundai Motor Co.’s sales in India has surpassed its sales in China for the first time in 18 years.Hyundai Motor’s sales in India increased 25.6 percent on year to 472,721 units in the January-November period in 2021. On the other hand, sales in China are expected to fall further to the 300,000 unit
Pernod Ricard Korea, the Korean unit of the global wine and spirits company Pernod Ricard, hosted a second online "gugak" (Korean traditional music) performance together with the National Gugak High School on Dec. 1, 2021 to celebrate its certification as ‘an excellent organization for supporting cu
Hyundai Motor Co. will start exporting the Creta, the first Hyundai model made in Indonesia. Makmur, chief operating officer (COO) of PT Hyundai Motors Indonesia, said on Nov. 29 that the company will start exporting the popular sub-compact sports utility vehicle (SUV), according to local media repo
AIA announced on Nov. 30 that Son Heung-min and Cho So-hyun of Tottenham Hotspur Football Club (“Spurs”) will become AIA Ambassadors.Peter Chung, AIA Korea’s chief executive, said, “AIA has had a long-standing and successful global relationship with Spurs and we are thrilled to bring Son Heung-min a
The National Defense Committee of the National Assembly deferred the adoption of three Military Service Act amendments at its meeting on Nov. 25. The amendments are to allow an alternative military service for well-known popular artists.This means the seven BTS members will be enlisted. They submitt
The author is an analyst of NH Investment & Securities. He can be reached at jaemin.ahn@nhqv.com. -- Ed. Gamevil is striving to transform into a platform player specializing in blockchain and metaverse, fields which are undergoing rapid developments as of late. We positively view the company’s recen
The author is an analyst of NH Investment & Securities. He can be reached at jaemin.ahn@nhqv.com. -- Ed. Riding on steep sales growth for Odin, Kakao Games has unveiled its ‘Kakao Games Season 2’ vision, embarking in several promising new directions. We positively view the initiative as being a stra
Hyundai Motor Co. will produce the Genesis GV70 electric vehicle (EV) model at its plant in Alabama of the United States starting from early next year. The GV70 EV will become the first EV model of either Hyundai Motor or Kia to be produced in the United States. Analysts say Hyundai Motor has made t
Hyundai Motor Group has risen to third place in the global car sales rankings for the first time in its history.Cumulative global sales of Hyundai Motor Co. and Kia Corp. in the first nine months of this year were tentatively tallied at 5,032,045 units, according to the data from the global automobi
This year marks the 40th anniversary of Incheon’s separation from Gyeonggi Province for autonomous local governance. On July 1, Incheon City held a ceremony with citizens to celebrate the anniversary.Changes in Incheon for the Past 40 YearsIncheon became a city under the direct control of the centra
The author is an analyst of NH Investment & Securities. He can be reached at jaemin.ahn@nhqv.com. -- Ed. Kakao Games’ Odin is still leading the domestic game market, maintaining first place in app store sales rankings for three months since its release. The firm’s earnings momentum is to pick up aga
The author is an analyst of Shinhan Investment Corp. She can be reached at hanny.lee@shinhan.com. -- Ed. Impact of social distancing measures on 3Q21 earnings seen limitedDomestic apparel brands have been hit directly by weak seasonality and social distancing measures. Cowell Fashion, however, is ex
LG Electronics has automated the production of refrigerators and water purifiers by converting its Changwon Factory, a key production base for household appliances business, into an intelligent autonomous factory.LG Electronics held a ceremony to mark the first-stage completion of the production aut
Hyundai Motor Group chairman Chung Eui-sun said on Sept. 7 that hydrogen energy will boost the use of renewable energy and contribute to addressing climate change."A complete transition to renewable energy cannot be completed without hydrogen," Chung stressed in a news conference after the Hydrogen