▶주메뉴 바로가기
▶본문 바로가기
2395.66 ▲13.10
668.00 ▲2.11
1135.50 ▲2.70
164.33 ▲0.26
1828.4
1.7
[ROK-US SUMMIT] North’s denuclearization will provide growth, investment: Moon
[THE INVESTOR] WASHINGTON DC – President Moon Jae-in on June 28 said that peace on the Korean Peninsula will provide opportunity for growth and investment in North Korea for both Korean and US companies. Speaking at a forum with US and Korean business leaders organized by the two countries’ chambers of commerce, Moon also urged closer collaboration between South Korean and US businesses to facilitate the two nations becoming “strategic economic partners.”At the event held in Washington DC, Moon
The Investor launches weekly 'DECODED X'
[THE INVESTOR] The Investor is proud to announce the launch of our weekly news brief, "DECODED X."DECODED X is all about Korea -- the markets, the corporate scene, social issues and politics. But if you are thinking of a lengthy, stuffy newsletter that won't be much more than a collection of headlines already out there, prepare to be wowed.DECODED X is more than just news. In addition to articles that have gone through meticulous fact-checking by our dedicated staff, we also give you behind-the-
[ROK-US SUMMIT] Korean firms pledge US$35b investments in US
[THE INVESTOR] Major Korean corporates including Samsung Electronics, Hyundai Motor, SK and LG pledged to spend more than US$35 billion in the US in five years, prior to President Moon Jae-in’s first visit to the US, according to Korea Chamber of Commerce and Industry on June 29. The land site for Samsung's new appliance plant in New Berry, South CarolinaSamsung Electronics announced that it will invest US$380 million to build a home appliance factory in South Carolina, its first in the US. The
Samsung inks deal for US$380m appliance plant in South Carolina
[THE INVESTOR] Samsung Electronics officially announced on June 28 that the company will build a home appliance factory with US$380 million worth of investment in South Carolina, marking the company’s first major investment in the US since it relocated production facilities for US exports to Mexico in the early 1990s. The announcement was made during South Korean President Moon Jae-in’s visit to Washington for his first summit with US President Donald Trump. Yoon Boo-keun, president of the consu
Samsung undisputed leader in global smartphone display market
[THE INVESTOR] Samsung Display remains the undisputed leader in the global smartphone display market thanks to the high demand for flexible OLED panels which are being widely adopted by smartphone makers, according to a recent report by market researcher IHS on June 29.The display-making unit of Samsung Electronics topped the market for small- and medium-sized displays measuring 9 inches and below by posting US$3.55 billion revenue in the first quarter. The figure accounts for 27.2 percent of th
[EXCLUSIVE] MacroGenics plans to launch Hercepin biobetter by 2021
[THE INVESTOR] MacroGenics indicated on June 27 it has pushed back the launch of its biobetter version of Roche’s breast cancer treatment Herceptin to 2021 due to delays in clinical trials. Margetuximab, an anti-HER2 antibody drug candidate developed by MacroGenics and Green Cross which is undergoing phase 3 clinical trials, was originally planned to hit the US market in 2016 when the company forged a license agreement with the US-based biotech firm in 2010. Unlike biosimilars, which are basical
[EXCLUSIVE] Kia has no plans to release Stonic in US
[THE INVESTOR] Kia Motors, the nation’s second largest carmaker, on June 27 said it has no plans to sell the new Stonic subcompact SUV in the all-important US market, but instead will focus on the domestic and European markets. “We don’t have plans to release Stonic in the US at the moment," Seo Bo-won, Kia’s domestic marketing director, told The Investor at the unveiling event of the vehicle at its Namyang Research & Development Center in Hwaseong, Gyeonggi Province. “We will first focus on the
Allianz Insurance reenters Korea after 14-year hiatus
[THE INVESTOR] German insurance giant Allianz is reentering the Korean market after a 14-year hiatus, by launching a new Korean unit for non-life insurance solutions for businesses, it announced on June 29. The insurer has recently set up a local unit of Allianz Group Corporate and Specialty that handles diverse unexpected corporate risks such as reputation crisis and cyberattacks. Mark Mitchell, regional chief for Allianz Group Corporate and Specialty Asia“We have seen an increase in demand for
Hyundai Steel pushes quakeproof products
[THE INVESTOR] Hyundai Steel is upping its efforts to market more quakeproof products as demand grows for safer housing in Korea, according to the steelmaker on June 29. The need for secure buildings has been rising here amid the series of earthquakes that jolted southern regions of the country last year. People realized that the peninsula is no longer a quake-free zone. Reflecting the changing perception, Hyundai Steel sold 590,000 tons of high-strength H-section beams, or SNH (Steel H-Section
Samsung boosts investment in Austin chip plant for 4th industrial revolution
Samsung Bixby struggles to pick up languages
Samsung Galaxy S9 may feature both 7-nano, 8-nano chips
Samsung pushes 6-nano chip manufacturing tech
Samsung to start producing TVs fitted with LG panels in July
[EQUITIES] ‘Cheil Worldwide to meet Q2 expectations’
Patent Court completes first English test hearing
[EQUITIES] ‘Amorepacific suffers from Chinese tourism ban’
KT to partner with Tesla for connected car
Shinsegae DF teams with Naver to provide translations for shoppers
Celltrion seeks US approval for Rituxan biosimilar
MCM CEO quits amid FTC probe
Allianz Life to replace top brass this week
SK chairman’s daughter joins biopharma affiliate
Lotte chief becomes white knight for SK’s Toshiba bid
