SEOUL, Nov. 14 (Korea Bizwire) — South Korea’s drone exports have grown nearly tenfold over the past two years, yet the country remains a marginal player in the global market — a gap that analysts say requires urgent policy and industry action to close. According to a report released Friday by the Korea International Trade Association [...]
SEOUL, Nov. 14 (Korea Bizwire) — South Korea’s National Pension Service (NPS) plans a sweeping overhaul of its emergency loan program for seniors, known as the Silver Loan, aiming to improve convenience and ensure that aid reaches those most in need. According to a briefing the NPS submitted to the National Assembly’s audit at the [...]
SEOUL, Nov. 14 (Korea Bizwire) — South Korea’s venture investment market showed clear signs of recovery this year, with both venture investments and fund formation rising by double digits through the third quarter, government data showed Thursday. According to the Ministry of SMEs and Startups, total venture investment reached 9.8 trillion won (US$7.1 billion) between January [...]
SEOUL, Nov. 13 (Korea Bizwire) — German business weekly WirtschaftsWoche (WiWo) has spotlighted South Korea’s aggressive push to become a global leader in artificial intelligence (AI), describing the country as one of the world’s most attractive emerging markets for technology investors. In an article titled “Why South Korea Is Becoming Increasingly Attractive to Tech Investors [...]
SEOUL, Nov. 13 (Korea Bizwire) — Forecasts for Samsung Electronics and SK hynix are soaring at an unprecedented pace, with analysts projecting that the two chipmakers could generate nearly half of all corporate operating profits on South Korea’s benchmark Kospi index next year, fueled by the global boom in artificial intelligence. According to financial data provider [...]
SEOUL, Nov. 12 (Korea Bizwire) — A majority of South Korea’s publicly listed companies that hold treasury shares oppose a proposed amendment to the Commercial Act that would make share cancellations mandatory, according to a survey released Wednesday by the Korea Chamber of Commerce and Industry (KCCI). The proposal, now under discussion at the National Assembly, [...]
SEOUL, Nov. 12 (Korea Bizwire) — President Lee Jae-myung on Tuesday instructed his economic team to explore new tax benefits for long-term retail investors, separating them from large shareholders to encourage stable investment while avoiding controversy over tax breaks for the wealthy. During a Cabinet meeting at the presidential office in Yongsan, Lee asked Deputy Prime [...]
SEOUL, Nov. 12 (Korea Bizwire) — Morgan Stanley has sharply revised upward its outlook for South Korea’s two largest chipmakers, saying the global memory semiconductor rally is being powered by surging demand from artificial intelligence (AI) data centers and cloud providers. In a report titled “Memory: The Ultimate Pricing Power,” released Tuesday, the U.S. investment bank [...]
SEOUL, Nov. 11 (Korea Bizwire) — More than one in four South Korean households expect their financial situation to improve next year, even as a growing share of the population reports feeling lonely, according to a government survey released Tuesday. The biennial survey, conducted by the Ministry of Data and Statistics, found that 27 percent of [...]
SEOUL, Nov. 11 (Korea Bizwire) — South Korea’s five largest business groups now make up more than half of the country’s total stock market capitalization, reflecting the scale of their influence amid a sharp rally in equities this year. The combined market value of listed affiliates under Samsung, SK, Hyundai Motor, LG and HD Hyundai accounted [...]