Korea and the United States have released a joint declaration on strengthening research and development cooperation in artificial intelligence (AI), open clouds, and 6G, and discussing digital international norms.The Ministry of Science and ICT (MSIT) and the Personal Information Protection Commissi

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The Korea Atomic Energy Research Institute (KAERI) announced on Sept. 14 that it has developed a process to mass-produce bentonite, a high-quality material used to dispose of spent nuclear fuel. 'If this material is supplied domestically through a localized process, it will save the Korean economy a

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Globally, China is the country with the lowest price of the iPhone 15 base model (128GB). In Turkiye, the most expensive model, the iPhone 15 Pro Max 1 TB costs more than 4.5 million won. In Korea, the iPhone base model (128 GB) has a price tag of 1.25 million won.On Sept. 14, market research firm N

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Complaints about an odor emanating from certain Louis Vuitton products of a specific year's production are mounting. In response to the growing controversy, Louis Vuitton Korea stated, 'We are currently assessing the situation.' However, the compensation standards vary from store to store, increasin

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Answering AI startup, 42Maru, announced its participation in Global Mobile Vision 2023 (GMV 2023) to be held at the Grand Hyatt Seoul from Sept. 12 to 13.Celebrating its 16th year, GMV 2023 is an ICT-focused export consultation event hosted by KOTRA in collaboration with institutions such as Naver C

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The U.S.-China semiconductor battle has escalated into a 'mineral war.' China, possessing core materials for semiconductors and electric vehicle batteries, is playing its mineral export restriction card in response to U.S. controls on semiconductor technology. Concerns over China's weaponization of

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The Financial Supervisory Service (FSS) has called on foreign securities firms to make self-cleaning efforts to eradicate recurring illegal naked short selling. This means that the FSS has urged the foreign securities firms to learn how Korea's regulations differ from international practices and to

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Chung Ki-sun, president of HD Hyundai, will meet with Yasir Al-Rumayyan, governor of the Public Investment Fund of Saudi Arabia and chairman of Saudi Aramco, to discuss business cooperation during the latter's visit to Korea from Sept. 6-8.Chung will meet with Al-Rumayyan at HD Hyundai's headquarter

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The author is an analyst for NH Investment & Securities. He can be reached at kyeongkeun.kang@nhqv.com -- Ed.Millie's Library is an e-book subscription platform boasting outstanding market share. Key indicators for the firm (eg, monthly average free-to-paid conversion rate and repeat subscription ra

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The Electronics and Telecommunications Research Institute (ETRI) of Korea announced on Sept. 6 that it has developed a dedicated computational accelerator chip capable of high-speed processing of homomorphic encryption, which is drawing much attention as a next-generation cryptographic technology.Un

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The author is an analyst for Shinhan Securities. She can be reached at hpark@shinhan.com -- Ed.Strong top-line growth continuing in the domestic marketGamsung Corp sells Snow Peak brand apparel under its licensing agreement with the Japanese camping brand. The company's rapid growth in earnings has

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As the won-dollar exchange rate approaches its peak of the year, the stock prices of Hyundai Motor and Kia Motors, the leading beneficiaries of the weak won, are taking a step back. Despite posting their highest-ever quarterly earnings in the second quarter, the lingering effects of an economic slow

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The Monetary Policy Committee (MPC) of the Bank of Korea (BOK) has decided to maintain the benchmark interest rate at 3.50 percent annually. This marks the fifth consecutive freeze following similar decisions in February, April, May, and July.The MPC held a monetary policy direction meeting on the m

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Recent financial improvements have triggered wage increase demands from labor unions in the automotive and shipbuilding sectors. The labor union at HD Hyundai Heavy Industries (329180) rejected a proposal that included significant raises in both base pay and performance bonuses. Meanwhile, ongoing l

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Korea Electric Power Corporation (KEPCO) has reportedly exceeded 200 trillion won (US$149.31 billion) in debt for the first time in its history. This comes as the company is predicted to incur an operating loss of approximately 7 trillion won this year. Concerns are mounting over KEPCO's ability to

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The overseas subsidiary capital of Mirae Asset Securities has exceeded 4 trillion won (US$2.99 billion). It is the largest among domestic securities firms. The net profit earned overseas is also steadily increasing.According to the investment banking industry on Aug. 22, the capital of Mirae Asset S

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'Team Korea,' comprising public corporations, private enterprises, and policy funds, has successfully undertaken a massive solar project in the U.S. valued at 600 billion won.The Korea Overseas Infrastructure & Urban Development Corporation (KIND) and the PIS Fund (Plant, Infrastructure, Smart City

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An alarm bell has sounded in Korea's auto parts industry with China's entry into a deflationary phase. Some companies are selling off their local subsidiaries in China or drastically downsizing their operations as demand for new cars has fallen in the country.According to the electronic disclosure s

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Voices are being raised for a policy shift in the Korean government's Renewable Electricity 100 (RE100) goal. They say that it is necessary for the Korean government to switch to Carbon Free 100% (CF100), which includes utilizing nuclear energy.According to data submitted to Rep. Han Moo-kyung of th

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Growing demand for batteries is fueling competition for key minerals. In the meantime, countries and companies leading electrification are divided over whether to utilize deep-sea resources. China, which asserts that the deep sea can be an efficient source of minerals, is faced with opposition from

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Last year, three out of every ten LG Electronics employees in their 20s voluntarily resigned. As a result, there is an increase in new hires among those in their 20s.According to LG Electronics' Sustainability Report on Aug. 13, the company had a total of 72,652 employees worldwide last year. The nu

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The author is an analyst for NH Investment & Securities. He can be reached at kyeongkeun.kang@nhqv.com -- Ed.Specialized steel pipe manufacturer Nexteel boasts sound earnings, with its raw materials cost-ASP spread widening amid strong US demand for energy pipes. Utilizing funds to be raised through

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South Korea's total population stood at 51,692.000 as of July 1 2022, down 46,000, or 0.1 percent, from 2021, according to the results of the 2022 Population and Housing Census released by Statistics Korea on July 27.The total population of the census includes foreigners who have been living in Kore

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The market capitalizations of the 10 largest Korean conglomerates have reached 40 trillion won in a month and a half, according to securities information firm FnGuide.According to FnGuide on July 25, market caps swelled by 3.05 percent to 1,341.2603 trillion won (US$1.0533658 trillion) as of the clo

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SK innovation will invest 1 trillion won in three green businesses by 2026. In particular, half of the investment will be spent on hydrogen and ammonia projects. The company will pursue a two-track business strategy of increasing the proportion of green businesses while maintaining the existing petr

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The author is an analyst for NH Investment & Securities. He can be reached at kyeongkeun.kang@nhqv.com -- Ed.Taekyung Chem occupies top spot in the domestic CO2 product market. With the arrival of a big cycle for the shipbuilding industry, there is growing demand for liquid carbonic acid for use in

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The Korean government has announced its intention to become the world's No. 1 biopharmaceutical powerhouse by 2030 by attracting 15.7 trillion won in private investment and providing related support under the Bioeconomy 2.0 Initiative.At the Bioeconomy 2.0 Roundtable held at the Seoul BioHub on July

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Pernod Ricard Korea has launched ‘Redbreast,' an ultra-premium craft whiskey that is made in the unique Irish style of single pot still.Single pot still whiskey is a unique category from Ireland. It is a method in which both malted barley and barley is distilled using a copper single pot still whisk

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The author is an analyst for NH Investment & Securities. He can be reached at jooyh@nhqv.com -- Ed.We lower our TP on HiteJinro to W28,000 to reflect increased marketing expenses following the launch of its Kelly brand. That said, we believe earnings concerns as already being baked into the share pr

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Industry attention is being drawn to the technological prowess of SK hynix, the global leader in the artificial intelligence chip market, which first developed High Bandwidth Memory (HBM) in 2013.According to industry sources on July 16, SK hynix held a corporate presentation (IR) for securities ana

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