The domestic battery trio, hit hard by the downturn in electric vehicle demand, is anticipated to collectively face lackluster performance reports for the first quarter of this year. In a rush to invest for the Advanced Manufacturing Productivity Credit (AMPC) under the U.S. Inflation Reduction Act
Chinese electric vehicle company BYD, which was planning to participate in the 2024 Busan International Mobility Show, has decided to withdraw from the event.It is reported that they deemed it premature to participate in the domestic mobility show as they were not fully prepared for entering the Kor
"Let us all renew our commitment to financial ethics and accident prevention with a sense of urgency and crisis," Said Lee Jae-keun, the president of KB Kookmin Bank, on the 15th as he formed an emergency committee.It's truly a state of emergency. President Lee directly took on the role of the chair
Major domestic comic and webtoon platforms such as Naver Webtoon, Kakao Entertainment, and Ridi are analyzed to be targeting the global market in a similar way to US OTTs such as Netflix, Disney, Amazon, and Apple. In fact, Piccoma and Line Mangga have stood out in the world's largest comic markets,
HLB announced on the 28th that it is establishing measures to rapidly expand indications after approval, as the likelihood of FDA approval for ‘riboceranib + camrelizumab’ as a first-line treatment for liver cancer increases.Previously, HLB received opinions during the FDA's last Late Cycle Review m
NCSOFT succeeded in turning a profit last year through its overseas subsidiary, 'NCSOFT West'. This was attributed to the success of games like Guild Wars 2 and cost efficiency measures. NCSOFT aims to expand the service game lineup of NCSOFT West and strengthen collaboration with global game compan
Last year, Naver spent nearly 2 trillion won (approx. This is the result of the company's significant increase in investment in technology development to further advance ultra-large artificial intelligence (AI) hyperclova X. However, only one case of AI research and development has been reported so
Tving seems to have taken a strong measure to resolve the recent controversy over the quality of Korean Professional Baseball (KBO) broadcasts. The company has terminated its contract with the existing company in charge of editing and producing baseball-related videos and has signed a new contract w
Yogiyo's second-place position in the delivery app market is being shaken. It is forecasted to be difficult to maintain its position against Coupang Eats' large-scale offensive. The pressure on GS Retail Vice Chairman Heo Yeon-soo, who led the acquisition amid Yogiyo's weakness, is also expected to
As the virtual asset market gains momentum in recent times, K Bank, which has a partnership with Korea's No. 1 virtual asset exchange Upbit, has embarked on actively enhancing its profitability. With the goal of an initial public offering (IPO) by the end of the year, the bank is determined to ensur
As the shareholder meeting season approaches, there is much attention on the change in management at major securities firms. With the recent challenges faced by the securities market due to the real estate downturn, reform through new leadership is expected to be key to future performance improvemen
It has emerged that Lotte Card faced sanctions from financial authorities for failing to properly address issues of credit card online misuse.On the 8th of this month, the Financial Supervisory Service imposed six warnings and three improvement measures on Lotte Card. The company was fined 160 milli
Amid downgrades of financial companies' credit ratings both domestically and internationally, the rating outlook for South Korea's 'Big 2' securities companies, Mirae Asset and Korea Investment, has been downgraded by global credit rating agency. This decision is based on the judgment that risks rel
Next month marks the 2-year anniversary since the launch of Samsung Finance's integrated financial app 'Monimo,' which remains in a state of stagnation. Despite ambitious aspirations at its inception, user numbers haven't increased, and complaints have been accumulating. Some point out that it has t
Kim Kyung-bae, CEO of HMM, who saw the acquisition of HMM by Harim Group fall through, will lead HMM for another year.The CEO plans to continue the long-term investment plan announced at the beginning of his tenure, aiming to further enhance HMM's competitiveness. There are speculations in some quar
Despite strong regulations imposed by the Chinese government on gaming in recent years, the PC and console market in China has shown growth, posing a potential threat to the largest market, the United States. Korean game companies, which have been targeting markets in North America and Europe with n
DGB Financial Group, under its new leadership of Chairman Hwang Byung-woo, is pushing ahead with the transformation of its core subsidiary, Daegu Bank, into a commercial bank. Despite some critics labeling it as a move for the upcoming general elections, the company seems to be proceeding steadily i
Naver announced on the 8th that it has successfully completed its schedule at LEAP 2024, a global IT exhibition called "Saudi version CES."According to Naver, during the exhibition, Naver set up a Team Naver booth at Big Tech Hall, the main exhibition hall, with the concept of a "global technology c
The Ministry of Culture, Sports and Tourism and the Korea Creative Content Agency have stepped forward to promote the win-win development of domestic OTTs and content producers. The method is to provide production costs of up to 3 billion won on the premise that content IPs are jointly owned by prod
Samsung Fire & Marine Insurance extensively revamped its advertising and marketing strategies to solidify its position as the top insurer and widen the gap with Meritz Insurance, which closely trailed behind in performance last year. It is assessed that Samsung Fire & Marine Insurance is actively ut