The Korea News Plus

The Korea News Plus Online news outlet, which focuses on Korean business, finance and technology.

Two Korean firms dominate the world market in Q3 South Korea’s SK hynix fast catches up with business bellwether Samsung...
30/11/2023

Two Korean firms dominate the world market in Q3 South Korea’s SK hynix fast catches up with business bellwether Samsung Electronics in the memory market, according to London-based business tracker Omdia on Nov. 27. During the July-Sept. period of this year, SK hynix logged sales of $46.34 billion in the DRAM business, up 34.6 percent from a quarter ago, for a market share of 35 percent....

The Korea News Plus: Insider info on Korea / 경제뉴스의 인사이더, 코리아뉴스플러스

Cutting-edge technologies opted for Hyundai’s Singapore facilities South Korea’s automaker Hyundai Motor announced on No...
30/11/2023

Cutting-edge technologies opted for Hyundai’s Singapore facilities South Korea’s automaker Hyundai Motor announced on Nov. 21 that it had opened a facility in Singapore to roll out electric vehicles under the inspection of four-legged robots. Hyundai Motor said that the new seven-story facility would manufacture up to 30,000 electric cars per year, including the Ioniq 5, the Ioniq 5 robotaxi, and the Ioniq 6....

The Korea News Plus: Insider info on Korea / 경제뉴스의 인사이더, 코리아뉴스플러스

Chairman Lee denies any wrongdoings South Korea’s prosecutors sought a five-year prison sentence for Samsung Electronics...
30/11/2023

Chairman Lee denies any wrongdoings South Korea’s prosecutors sought a five-year prison sentence for Samsung Electronics Chairman Lee Jae-yong on Nov. 17 on charges of stock price manipulation and accounting fraud. Prosecutors also demanded fines of $390 million on Lee in the long-standing case related to the controversial 2015 merger between two Samsung subsidiaries. Lee has been accused of unlawfully stepping in the amalgamation between…...

The Korea News Plus: Insider info on Korea / 경제뉴스의 인사이더, 코리아뉴스플러스

Tech giant bags prestigious prize at the Korea Gas Safety Awards Merck Electronics noted on Nov. 30 that its Korean subs...
30/11/2023

Tech giant bags prestigious prize at the Korea Gas Safety Awards Merck Electronics noted on Nov. 30 that its Korean subsidiary had won the Prime Minister’s citation at the 30th Korea Gas Safety Awards ceremony in Seoul. In the event organized by the Ministry of Trade, Industry and Energy, Versum Materials Hanyang Machinery garnered the prestigious prize. Korea, home to the world’s leading memory chipmakers of Samsung Electronics and SK hynix, offers awards to corporations, which contribute much to the semiconductor industry overall....

The Korea News Plus: Insider info on Korea / 경제뉴스의 인사이더, 코리아뉴스플러스

Korean financial entity focuses on four areas The Korean Federation of Community Credit Cooperatives (KFCC) noted on Nov...
29/11/2023

Korean financial entity focuses on four areas The Korean Federation of Community Credit Cooperatives (KFCC) noted on Nov. 29 that it would become a responsible corporate citizen by focusing on four areas. Included in the four areas are a social segment, the environment, the international business, and a human-centric approach, according to the Seoul-based financial entity. Regarding the social segment, the KFCC has channeled 4.3 billion won (3.3 million) to a total of 868 areas around KFCC branches since 2020 when the virus pandemic caught the world by surprise....

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Korean financial outfit strives to achieve the goal by 2027 South Korea’s Woori Bank noted on Aug. 7 that it would becom...
26/11/2023

Korean financial outfit strives to achieve the goal by 2027 South Korea’s Woori Bank noted on Aug. 7 that it would become the country’s largest corporate lender by 2027, nudging past its major competitors by then. In achieving the ambitious goal, Woori Bank said that it would assume the No. 2 spot by mid-decade in competition with KB, Shinhan, and Hana banks....

The Korea News Plus: Insider info on Korea / 경제뉴스의 인사이더, 코리아뉴스플러스

Two outfits will offer comprehensive real estate investment services South Korea’s Woori Bank announced on Aug. 6 that i...
26/11/2023

Two outfits will offer comprehensive real estate investment services South Korea’s Woori Bank announced on Aug. 6 that it had teamed up with Build Block in the United States to offer comprehensive services associated with real estate investment. Founded in 2018 in Silicon Valley, Build Block has grown into a promising startup. Woori Financial Group has kept an eye on the real estate investment platform firm....

The Korea News Plus: Insider info on Korea / 경제뉴스의 인사이더, 코리아뉴스플러스

New CEO strives to contribute to the country South Korea’s Woori Bank announced on Oct. 3 that CEO Cho Byung-kyu had off...
24/11/2023

New CEO strives to contribute to the country South Korea’s Woori Bank announced on Oct. 3 that CEO Cho Byung-kyu had official taken charge of Woori to lead the lender by the end of next year. Cho previously headed Woori Financial Capital. The new CEO vowed to transform the bank into an outstanding outfit, which contributes to the country and wins the hearts and minds of end customers....

The Korea News Plus: Insider info on Korea / 경제뉴스의 인사이더, 코리아뉴스플러스

Korean lender strives to take advantage of cutting-edge tech South Korea’s Woori Bank announced on Oct. 3 that the outfi...
24/11/2023

Korean lender strives to take advantage of cutting-edge tech South Korea’s Woori Bank announced on Oct. 3 that the outfit would come up with an artificial intelligence-powered inspection chatbot to beef up its internal control system. The Seoul-based lender said that the chatbot based on natural language processing technology would carry out an inspection after going through machine learning and scenario analysis....

The Korea News Plus: Insider info on Korea / 경제뉴스의 인사이더, 코리아뉴스플러스

Korean lender beefs up footing in Vietnam South Korea’s Woori Bank announced on Nov. 21 that the financial outfit's Viet...
24/11/2023

Korean lender beefs up footing in Vietnam South Korea’s Woori Bank announced on Nov. 21 that the financial outfit's Vietnamese subsidiary had launched its 22nd branch in Starlake, downtown Hanoi. The Starlake district is attracting South Korean corporations as amply demonstrated by Lotte, which opened a large-sized commercial complex there in September. Woori Bank said that the new branch would focus on private banking services for wealthy customers....

The Korea News Plus: Insider info on Korea / 경제뉴스의 인사이더, 코리아뉴스플러스

They will co-head Korea’s top asset management company Mirae Asset Global Investments, South Korea’s foremost asset mana...
23/11/2023

They will co-head Korea’s top asset management company Mirae Asset Global Investments, South Korea’s foremost asset management company, announced on Nov. 23 that it had tapped two vice chairmen of Choi Chang-hoon and Rhie Chun-yong as chief executives. The Seoul-based company held a shareholders’ meeting to appoint Choi, an expert in alternative investment, and Rhie who has a knack for fixed assets and ETFs....

The Korea News Plus: Insider info on Korea / 경제뉴스의 인사이더, 코리아뉴스플러스

Korea views foreign firms as a vital pillar of national development Swiss Amb. Dagmar Schmidt Tartagli, Italy Amb. Emili...
22/11/2023

Korea views foreign firms as a vital pillar of national development Swiss Amb. Dagmar Schmidt Tartagli, Italy Amb. Emilia Gatto, and Czech Amb. Ivan Jancarek took part in the recent 2023 Foreign Company Day event as guests of the Seoul Diplomatic Corps. In their toast sessions, Swiss Amb. Tartagli touched upon the 60th anniversary in terms of diplomatic ties between Korea and Switzerland in addition to its companies’ active investment in the Korean market, as well as their strong trust about Korean partners....

The Korea News Plus: Insider info on Korea / 경제뉴스의 인사이더, 코리아뉴스플러스

Park Eun-bin meet with female customers of Jung Kwan Jang Korea Ginseng Corporation (KGC) announced on Nov. 21 that its ...
21/11/2023

Park Eun-bin meet with female customers of Jung Kwan Jang Korea Ginseng Corporation (KGC) announced on Nov. 21 that its model Park Eun-bin, a famous Korean actress, had visited Taiwan to meet loyal customers of the world’s top red ginseng brand. In media interviews, the 31-year-old celebrity said that she had been also a big fan of KGC products on her first visit to Taiwan in seven years....

The Korea News Plus: Insider info on Korea / 경제뉴스의 인사이더, 코리아뉴스플러스

Global IBD Homecoming Day takes place for 5 days South Korean pharmaceutical company Celltrion Healthcare said on Nov. 1...
17/11/2023

Global IBD Homecoming Day takes place for 5 days South Korean pharmaceutical company Celltrion Healthcare said on Nov. 16 that it had been hosting the Global IBD Homecoming Day 2023 in the country for international medical professionals. IBD refers to inflammatory bowel disease, and Celltrion Healthcare is a giant in the field. The event will take place between Nov. 14 and 18 with the participation of key opinion leaders in the IBD area from 11 countries, including Canada, Australia, and the Czech Republic....

The Korea News Plus: Insider info on Korea / 경제뉴스의 인사이더, 코리아뉴스플러스

KAIST scientists develop new-type needles A team of scientists from the Korea Advanced Institute of Science and Technolo...
13/11/2023

KAIST scientists develop new-type needles A team of scientists from the Korea Advanced Institute of Science and Technology (KAIST) said on Nov. 13 that they had developed revolutionary intravenous needles. The researchers headed by Prof. Jeong Jae-woong said that the needles had been designed to prevent tissue injury and inflammation _ they would become flexible after insertion in line with the body temperature....

The Korea News Plus: Insider info on Korea / 경제뉴스의 인사이더, 코리아뉴스플러스

Smart fibers, soft robotics and single-atom catalysts suggested In time with the artificial intelligence revolution show...
06/11/2023

Smart fibers, soft robotics and single-atom catalysts suggested In time with the artificial intelligence revolution shown by the popularity of ChatGPT, a team of Korea Advanced Institute for Science and Technology (KAIST) has proposed key materials for the new era. The team, headed by Prof. Kim Sang-ouk, said that second-dimensional (2D) materials would contribute much to coming up with fresh innovations....

The Korea News Plus: Insider info on Korea / 경제뉴스의 인사이더, 코리아뉴스플러스

Doona!, Strong Girl Nam-soon gain popularity Two South Korean drama involving unique female characters were included in ...
03/11/2023

Doona!, Strong Girl Nam-soon gain popularity Two South Korean drama involving unique female characters were included in the Netflix global charts as of Oct. 26, according to FlixPatrol, which tracks streaming data. They are Doona!, which ranked No. 6 after its debut last week, and Strong Girl Nam-soon, which was released early this month to be positioned at 10th place....

The Korea News Plus: Insider info on Korea / 경제뉴스의 인사이더, 코리아뉴스플러스

Disgruntled Korean consumers do not purchase Chinese beer The sales of Tsingtao beer are plunging in South Korea after a...
03/11/2023

Disgruntled Korean consumers do not purchase Chinese beer The sales of Tsingtao beer are plunging in South Korea after a video of the Chinese brand’s employee peeing in its brewery had been disclosed of late. According to Korea’s four major convenience store franchises, the sales of Tsingtao beer between Oct. 20 and Oct. 23 nosedived here between 13 percent and 30.8 percent from a week ago....

The Korea News Plus: Insider info on Korea / 경제뉴스의 인사이더, 코리아뉴스플러스

Korean pharmaceutical firm achieves exploit South Korea’s pharmaceutical company Celltrion said Monday that its anti-inf...
03/11/2023

Korean pharmaceutical firm achieves exploit South Korea’s pharmaceutical company Celltrion said Monday that its anti-inflammatory medicine had won the approval of the U.S. Food and Drug Administration. The treatment, dubbed Zymfentra, is targeted for maintenance therapy in adults with moderately to severely active ulcerative colitis and Crohn’s disease, according to the corporation. Celltrion noted that the medicine had demonstrated superiority in the primary endpoints of clinical remission and endoscopic response compared to placebo in a 54-week study with some 780 patients....

The Korea News Plus: Insider info on Korea / 경제뉴스의 인사이더, 코리아뉴스플러스

Government okays Apple phone for radiation issues The South Korean government confirmed on Oct. 20 that the iPhone 12 of...
03/11/2023

Government okays Apple phone for radiation issues The South Korean government confirmed on Oct. 20 that the iPhone 12 of Apple had not violated the radiation exposure limits after a month-long reassessment. Beginning last month, Korea’s Ministry of Science and ICT examined the radiation levels of the iPhone 12, which hit the market in late 2020, due to recent controversies....

The Korea News Plus: Insider info on Korea / 경제뉴스의 인사이더, 코리아뉴스플러스

Two organizations agree to cooperate in green hydrogen H2Korea announced on Nov. 2 that it had agreed to team up with th...
02/11/2023

Two organizations agree to cooperate in green hydrogen H2Korea announced on Nov. 2 that it had agreed to team up with the Korea Testing & Research Institute (KTR) in building an infrastructure to certify green hydrogen. Through the contract, the two sides opted to work together on enhance the so-called hydrogen value-chain, including production, transportation, logistics, storage, and usage of green hydrogen....

The Korea News Plus: Insider info on Korea / 경제뉴스의 인사이더, 코리아뉴스플러스

H2Korea holds a seminar in Sydney South Korea and Australia agreed to collaborate in the so-called carbon capture, utili...
02/11/2023

H2Korea holds a seminar in Sydney South Korea and Australia agreed to collaborate in the so-called carbon capture, utilization, and storage (CCUS) business, according to H2Korea on Nov. 1. Toward that end, H2Korea hosted a seminar along with South Korea’s Ministry of Trade, Industry and Energy in Sydney earlier this week. A number of corporations from the two countries took part in the event, including KEPCO, Samsung C&T, Oakajee Energy, Pilot Energy, SK E&S, CO2CRC, CarbonNet, and Woodside Energy....

The Korea News Plus: Insider info on Korea / 경제뉴스의 인사이더, 코리아뉴스플러스

CEO Im Young-ho takes part in nationwide movement Hana Life Insurance CEO Im Young-ho took part in the ‘No Exit’ anti-dr...
31/10/2023

CEO Im Young-ho takes part in nationwide movement Hana Life Insurance CEO Im Young-ho took part in the ‘No Exit’ anti-drug campaign of the country, according to the Seoul-based insurance company on Oct. 31. As a part of efforts to raise public awareness about drug abuse, the National Police Agency and Korean Association Against Drug Abuse started the campaign in April....

The Korea News Plus: Insider info on Korea / 경제뉴스의 인사이더, 코리아뉴스플러스

Mirae Asset founder Park mentoring young people To have a personal meal with U.S. billionaire investor Warren Buffet, on...
30/10/2023

Mirae Asset founder Park mentoring young people To have a personal meal with U.S. billionaire investor Warren Buffet, one has to pay up to millions of dollars, as shown by the annual Power Lunch with Warren Buffet charity auction. To have a face-to-face meeting with the Korean equivalent of Warren Buffet, however, one may not have to spend money at all as long as he or she is young and has a plan to contribute to society....

The Korea News Plus: Insider info on Korea / 경제뉴스의 인사이더, 코리아뉴스플러스

Global X Hang Seng Tech ETF will be launched early Oct. Mirae Asset Global Investments announced on Oct. 27 that the com...
30/10/2023

Global X Hang Seng Tech ETF will be launched early Oct. Mirae Asset Global Investments announced on Oct. 27 that the company would tap into mainland China’s ETF market early next month for the first time among Korean asset management firms. The Korean business bellwether noted that Global X Hang Seng Tech ETF would be its first financial product to take part in the…...

The Korea News Plus: Insider info on Korea / 경제뉴스의 인사이더, 코리아뉴스플러스

Korea’s automotive part maker’s efforts recognized globally HL Mando, Korea’s top-tier company in electric vehicles and ...
27/10/2023

Korea’s automotive part maker’s efforts recognized globally HL Mando, Korea’s top-tier company in electric vehicles and automotive driving solutions, announced on Oct. 27 that it had won the prestigious International Galaxy Awards for this year. The Seoul-based corporation received a Silver Award in the Annual Reports-Print segment. U.S. company MerComm gives the Galaxy Awards to recognize outstanding recipients in corporate communications....

The Korea News Plus: Insider info on Korea / 경제뉴스의 인사이더, 코리아뉴스플러스

Korean corporation takes part in 2023 SupplySide West Korea Ginseng Corporation (KGC) announced on Oct. 26 that the firm...
26/10/2023

Korean corporation takes part in 2023 SupplySide West Korea Ginseng Corporation (KGC) announced on Oct. 26 that the firm had demonstrated the competitive edge of its ginseng products during the 2023 SupplySide West. SupplySide West is an annual convention of nutrition professionals where both buyers and suppliers from throughout the industry get together. This year, the event took place in Las Vegas on Oct....

The Korea News Plus: Insider info on Korea / 경제뉴스의 인사이더, 코리아뉴스플러스

Korean firm shows off global strategic solutions in GovWare 2023 South Korea’s primary cyber security company AhnLab ann...
26/10/2023

Korean firm shows off global strategic solutions in GovWare 2023 South Korea’s primary cyber security company AhnLab announced on Oct. 19 that it had taken part in the global security conference GovWare 2023. During the three-day event this week, AhnLab said that the corporation had come up with its global strategic solutions and services to local industry professionals. Included in its showcased products were the software-as-a-service-based extended detection & response platform “AhnLab XDR,” the next-generation threat intelligence platform “AhnLab TIP,” and an operational technology security solution “AhnLab EPS.”...

The Korea News Plus: Insider info on Korea / 경제뉴스의 인사이더, 코리아뉴스플러스

Tech giant promises to keep supporting customers here A senior official of German tech giant Merck visited South Korea o...
26/10/2023

Tech giant promises to keep supporting customers here A senior official of German tech giant Merck visited South Korea on Oct. 25 to demonstrate the company’s commitment to massive capital investment here. The official is Executive Vice President Katherine Dei Cas, head of the Delivery Systems & Services (DS&S) business unit within the Electronics business sector of Merck. The DS&S business unit of Merck is in charge of such tasks as providing high-quality delivery equipment and storing specialized chemicals and gases....

The Korea News Plus: Insider info on Korea / 경제뉴스의 인사이더, 코리아뉴스플러스

Korea’s leading tire maker carries out proactive CSR activities South Korea’s Hankook Tire & Technology said on Oct. 25 ...
25/10/2023

Korea’s leading tire maker carries out proactive CSR activities South Korea’s Hankook Tire & Technology said on Oct. 25 that its employees have worked more than 5,700 hours for corporate social responsibility (CSR) activities by the end of this August. Korea’s foremost tire maker noted that the figure, which marked a 28.9-percent increase from a year before, amply demonstrates its employees’ immense interest on social activities....

The Korea News Plus: Insider info on Korea / 경제뉴스의 인사이더, 코리아뉴스플러스

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