The US government’s survey on its semiconductor supply chain would likely boost sales for Korean chipmakers, with the heightened surveillance on the usage of Chinese chips raising uncertainties for US tech giants, according to an analysis, Tuesday. Last week, the US Department of Commerce said it will start the survey in January to identify how US companies are sourcing so-called legacy chips -- the current-generation and mature-node semiconductors. The purpose of the analysis is to &ldquo

Competition depends on securing more female streamers who are key profit sources

Samsung Biologics CEO John Rim is heading to San Francisco next month to share the company’s mid-term business plans during the JPMorgan Healthcare Conference, the company said Tuesday. The JPMorgan conference, one of the largest investment events for pharmaceutical and biotechnology industries that marks its 42nd year in 2024, will be held in the US city on Jan. 8-11. Some 600 companies and 8,000 industry officials and investors are expected to attend this year’s event. This year, S

Big firms with lax ESG could face buyout threats from cash-rich local private equity funds, experts warn

South Korean undersea cable maker Taihan Cable & Solution said Tuesday that it has acquired Korea's first cable-laying vessel designed specifically for offshore wind power projects, addressing a critical need in the sector. Priced at 50 billion won ($38.4 million), the 6,200-ton CLV outperforms traditional cable-laying barges in enabling faster, more precise cable installation. Capable of sailing at an average speed of 9 knots under its own power, it can transport and lay cables more

South Korean agri-food giant Harim Group reaffirmed its commitment to use container transportation and shipping company HMM's substantial cash reserves to bolster the shipping firm's global competitiveness as it moves close its acquisition deal, denying concerns about potential misappropriation of funds. “We are committed to making strategic use of HMM's 10 trillion won ($7.7 billion) reserves to navigate the current challenges in the shipping industry effectively. This mirr

S. Korean automaker revises global strategy as presence shrinks in China, Russia

South Korean design software developer Zyx Technology plans to enter overseas markets next year with its own computer-aided design (CAD) program as an affordable alternative for budget conscious, small-sized architectural firms. ZyxCAD is a homegrown CAD program developed by Zyx Technology. The design program was launched in August 2022 as an alternative to AutoCAD, an industry-leading software that has dominated the global market for the past few decades. "Many companies are shifting to ch

Oriental Brewery's flagship beer brand Cass has once again secured the top spot in the domestic beer market with a market share of 42 percent this year, despite renewed competition at home after the COVID-19 pandemic, said the country's largest beer maker Tuesday. According to market research firm Nielsen Korea, Cass logged the largest market share of 42 percent in terms of retail sales during the January to November period this year. The figure also marks a 0.7 percentage point rise c

But most foreign nationals still work for small firms, with very few getting into large companies

Auto parts maker looks to shorten development time, cut costs with virtual studio

Posco, South Korea's biggest steelmaker, has swept a local ad awards ceremony with its creative digital campaign that was produced in celebration of its 50th anniversary of its first steel mill. Posco's "Fantasteel" campaign -- which contains the company's achievements in steelmaking technology in Korea over the past 50 years and presents its vision for the next few decades -- grabbed the top honor, the Grand Prix, at the 2023 Korea Digital Advertising Festival on Dec. 1

South Korea's financial regulator on Monday said it had imposed its largest ever fine on two Hong Kong-based investment banks for illegally practicing short selling on the domestic stock market. The Financial Services Commission said its Securities and Futures Commission decided during a meeting on Friday to fine the Hong Kong unit of French investment bank BNP Paribas and its securities affiliate operating in Korea as well as HSBC's Hong Kong arm 26.52 billion won ($20.35 million) for

LG Nova, LG Electronics’ North American Innovation Center, will offer a glimpse into the technologies that will lead growth in the future at CES 2024, slated to be held in January in Las Vegas, the company said on Monday. At the annual consumer electronics show, LG’s US entity will open its showroom under the theme “Building a brighter tomorrow together.” Its 10 partnering startups will present their innovative technology ideas in four fields: digital health, clean tech,

Hyundai Motor Company's Exter, a compact SUV strategically developed to target the auto market in India, has won Indian Car of the Year 2024, the South Korean automaker said Sunday. The Ioniq 5, Hyundai Motor's all-electric vehicle, also took home the honor of Green Car of the Year at the same awards. With the COTY award, Hyundai Motor has won the top auto accolade for the eighth time, the most among all brands in India. (Hyundai Motor Group)