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S. Korea’s household debt soars while sovereign debt is in relatively good shape South Korea’s sovereign debt is still in good shape, but household debt in the country has reached a serious level, the latest statistics show. That stands in contrast with major economies, including Wed, 13 Jan 2021 17:02:47 GMT
[News analysis] Will cooperating with Apple hurt or benefit Hyundai Motor Company? Would the Hyundai Motor Company benefit or lose by partnering with Apple?Industry experts are mixed about recent speculation that Hyundai may work with Apple on its “Apple Car.” That partnership would Mon, 11 Jan 2021 19:02:54 GMT
SK Group to invest US$1.47 billion in US hydrogen fuel cell firm The SK Group plans to invest 1.6 trillion won (US$1.47 billion) in Plug Power, a US-based hydrogen fuel cell firm. SK plans to set up a joint venture with Plug Power to break into the hydrogen energy Fri, 08 Jan 2021 17:13:58 GMT
KOSPI passes 3,000 for first time ever during trading The KOSPI index broke the 3,000 mark for the first time in its history during trading on Jan. 6.The index closed the day at 2,968.21, down 22.36 points (0.75%) from the day before. But during trading, Thu, 07 Jan 2021 17:41:35 GMT
[News analysis] Samsung speeds up release of Galaxy S21 to counter Apple’s momentum Invitations went out on Jan. 4 for the Galaxy Unpacked 2021 event, where the Galaxy S21 series will be unveiled. Observers see Jan. 29 as the likely launch date for the Galaxy S21, which is to be reve Tue, 05 Jan 2021 19:26:29 GMT
[News analysis] Tesla continues to dominate EV industry as other companies scramble to get a foothold Will Tesla continue to rule the roost through 2021? Finished automobile makers appear poised to go all out this year to prove their competitiveness in the electric vehicle (EV) industry, and the COVID Tue, 05 Jan 2021 19:09:17 GMT
[News analysis] Smartphone industry expected to erupt into competition between rollables and foldables in 2021 The big focus with smartphones this year is on design innovations incorporating state-of-the-art display technology. Industry observers predict a clash for market dominance between rollable and foldab Mon, 04 Jan 2021 17:45:19 GMT
[Reporter’s notebook] Why are department stores expanding their VIP programs in the COVID era? The gaudy decorations adorning the facades of South Korean department stores at the end of the year set the mood for Christmas. It’s no secret that the department stores spend a pretty penny on those Sun, 27 Dec 2020 10:41:31 GMT
LG Electronics teams up with Canadian parts firm to create joint EV powertrain venture LG Electronics is joining forces with Canada’s Magna International, the world’s third-ranked automobile parts company, to establish a joint electric vehicle (EV) powertrain venture. The company aims t Thu, 24 Dec 2020 18:46:06 GMT
S. Korea’s shipbuilding industry continues recovery as year closes after suffering COVID shock in early 2020 After being plunged into a deep freeze by the COVID-19 pandemic, South Korea’s shipbuilding industry warmed up again during the second half of 2020. South Korea’s shipbuilding companies have successiv Wed, 23 Dec 2020 18:20:22 GMT
[News analysis] Will we see an Apple car in 4 years? Will we be seeing cars bearing the Apple emblem by 2024? Apple’s ambitions for the automotive industry are starting to take concrete shape. Some say Apple could use self-driving and battery technology Wed, 23 Dec 2020 18:14:05 GMT
SK Telecom, Kakao and Samsung to collaborate on AI technology SK Telecom (SKT), Kakao, and Samsung Electronics plan to join forces on developing artificial intelligence (AI) to analyze COVID-19 threats in real time and predict movement patterns. They aim to laun Wed, 23 Dec 2020 18:09:09 GMT
[News analysis] Is economic strength really behind the KOSPI’s record highs? South Korean stocks have gone from strength to strength. On Nov. 23, the KOSPI index returned to a historic high of 2,602.59 points for the first time in two years and 10 months. Since then, it has br Tue, 22 Dec 2020 19:37:02 GMT
Disparities driven by COVID-19 worse than those of past economic crises Disparities between and within countries are more severe and widespread amid the COVID-19 pandemic than during the 1997 Asian financial crisis and the global financial crisis of 2007-2008, according t Tue, 22 Dec 2020 18:22:40 GMT
S. Korean exports to increased by 6-7% next year, KOTRA predicts South Korea’s trade promotion agency predicted that the country’s exports will be worth US$540-550 billion next year, up 6-7% from this year.In a report titled “Export Forecast for 2021,” released on Tue, 22 Dec 2020 17:56:23 GMT

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