With the launch of Apple Pay in Korea imminent, Naver Pay and Samsung Pay which rank first in the online and offline payment markets, respectively, are forging an alliance, signaling a seismic change in the simple payment market in Korea.Samsung Pay services will become available at online merchants
Young office workers and R&D employees at eight private and public companies, including LG Electronics and Seoul Metro, are about to launch their own alliance on Feb. 21.Their primary goal is to better reflect the voice of non-blue-collar workers in the manufacturing sector with their ratio in the s
The Ministry of Trade, Industry and Energy and seven steelmakers (POSCO, Hyundai Steel, Dongkuk Steel, SeAH Steel, KG Steel, Daehan Steel and Aju Steel) signed an MOU on Feb. 16.According to the MOU, they will form an alliance for low-carbon steelmaking and R&D cooperation. In addition, they will pr
The Samsung Group Labor Union Alliance, which consists of 11 labor organizations at the group's affiliates, announced a 10-point demand for 2023 on Feb. 7.The alliance is affiliated with the Federation of Korean Metalworkers' Trade Unions (FKMTU), which is under the umbrella of the Federatio
Startup Alliance Korea announced on Feb. 13 that new startup investments totaled 257.9 billion won last month, down 84.28 percent from a year ago and down 66.42 percent from the previous month. The number of new startup investments dropped from 176 to 83 in one year.The ongoing decrease in new start
The author is an analyst of NH Investment & Securities. She can be reached at yd.yoon@nhqv.com. -- Ed. Kiwoom stands to benefit greatly from STO market expansion over the mid/long term, given that it boasts the largest number of retail customers in the country, backed by its strong retail platform.
Samsung Electronics have joined hands with Google and Qualcomm to develop next-generation extended reality (XR) devices. The specific method of their cooperation has not been finalized. But as Apple is about to release a mixed reality (MR) device within this year, the three companies are banding tog
The ongoing global semiconductor war started in the second half of last year, when the United States enacted the CHIPS and Science Act in July, and further announced a ban on semiconductor equipment exports to China in October.According to the act, companies in the semiconductor industry that receiv
On Dec. 13, 2022, Apple CEO Tim Cook posted on Twitter a photo showing him at an elementary school in Kumamoto, Japan, along with the message, “Sony is Apple’s partner and has made the world’s best camera sensors.”Kumamoto is the region where Taiwan’s TSMC and Japan’s Sony will build a joint venture
Hanwha Solutions has forged a global solar energy alliance with Microsoft (MS) of the United States. The company will supply solar power generation modules to an energy conversion project promoted by MS and design and construct the solar power plants.Hanwha Solutions announced on Jan. 26 that it sig
U.S. State Department Under Secretary Jose Fernandez met with Lee Do-hoon, Second Vice Minister of Foreign Affairs of South Korea, in Seoul on Jan. 10. At the following press conference, they said that the alliance between the two countries is becoming one of advanced technology beyond an economic o
SK Group announced on Jan. 8 that about 30,000 people visited its pavilion at the CES 2023 exhibition hall in Las Vegas for four days from Jan. 5 to 8 (local time).Starting with 7,500 people on Jan. 5, the opening day of the exhibition, 9,500 people visited the SK Group pavilion on Jan. 6. On Jan. 7
Japan’s Kioxia Holdings Corp., the world's No. 2 NAND flash maker, and fourth-ranked Western Digital Corp. of the United States have revived their merger negotiations, Bloomberg reported on Jan. 4 (local time). If this U.S.-Japan NAND flash alliance becomes a reality, the global NAND flash marke
At CES 2023, Samsung Electronics and LG Electronics will showcase smart home technologies that connect home appliances with devices outside a home.A hyper-connected smart home is expected to emerge as the most popular subject at CES 2023.For several years, Korean tech giants such as Samsung and LG h
SK Group will showcase about 40 new technologies and products, including world-class net-zero technologies, with global partners at CES 2023, which runs in Las Vegas in the United States from Jan. 5 to 8 (local time). It announced on Jan. 4 that its eight affiliates including SK Inc. will run an int
Applied Materials, the world’s largest semiconductor equipment company, has invested 50 billion won in Absolics, a semiconductor affiliate of SK Group.Experts say that a Korea-U.S. semiconductor industry alliance is further strengthened as Applied Materials recently decided to build a research and d
Samsung Group and BMW are expected to expand their cooperation from electric vehicle (EV) batteries to EV parts and autonomous driving cars.Samsung Electronics chairman Lee Jae-yong met with BMW top executives, including chairman Oliver Zipse, at the BMW Driving Center on Yeongjong Island, Incheon o
SK Telecom announced on Dec. 15 that it shared the results of its tests on Korean Open-Radio Access Network (O-RAN) equipment at Plugfest hosted by the O-RAN Alliance.It conducted the tests with the Electronics and Telecommunications Research Institute (ETRI), HFR, Hewlett Packard Enterprise (HPE),
Hyundai Motor Group and SK On will build a joint venture battery plant in Georgia of the United States. The plant, scheduled to be completed in 2025, will supply batteries for Hyundai Motor and Kia brand electric vehicles (EVs) in the United States.According to Georgia Governor Brian Kemp’s office,
If the lawsuit against Korea Hydro & Nuclear Power (KHNP) filed by Westinghouse of the United States is prolonged, it will hurt both Korea and the United States, allowing China and Russia to dominate the global nuclear power plant market, KHNP president Hwang Ju-ho said on Dec. 8.“I am not too conce