Samsung, SK Hynix, and Celltrion are pouring a mammoth KRW392 trillion investment into the Chungcheong region. President Lee expressed gratitude, comparing this large-scale investment to the “Second Tokyo Declaration.” Samsung Chairman Lee presented a
Chinese Appliances Suspected of Rigging Ratings in Korea
Suspicion has been raised that Chinese home appliance companies are labeling their energy efficiency ratings higher than their actual performance in the South Korean market. Critics point out that these companies are “bypassing” Korea's testing syste
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President Lee Labels KRW392T Chungcheong Investment 'Second Tokyo Dec'
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Dell Leads U.S. PC Market on Commercial Strength
Dell became the leading PC vendor in the U.S. market in the first quarter, surpassing HP in terms of shipments. Despite an overall market decline driven by soaring memory chip prices and ongoing component supply constraints, Dell's strong performance
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Samsung Electro-Mechanics, Dongwoo Fine-Chem Form $310M Glass Substrate JV
On July 2, Samsung Electro-Mechanics announced that it had signed a definitive agreement with Dongwoo Fine-Chem--a wholly owned subsidiary of Japan's Sumitomo Chemical Group--to establish a joint venture (JV) dedicated to manufacturing “glass cores,” a
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K-Beauty Faces New EU Tariff Hit as Low-Value Import Exemptions End
The global expansion of K-beauty is facing a major test as the European Union joins the United States in scrapping tariff exemptions on low-value imports. With the price advantage of direct-to-consumer cross-border shipping diminishing, South Korean
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Polestar Launches Polestar 3 in Korea from KRW 77.9M
Swedish premium EV brand Polestar officially launched its flagship electric SUV, the Polestar 3, in South Korea on Wednesday, expanding its lineup following the successful debut of the Polestar 4. Polestar Korea aims to strengthen its presence in the
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FTC Seeks Up to 849.6B KRW Fine Against Google for Market Dominance Abuse
The Fair Trade Commission (FTC) has initiated a full-scale deliberation on Google's alleged abuse of market dominance. This is because the FTC judged that Google blocked entry into competing app markets and restricted market competition by signing 'M
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BYD Absorbs Subsidy Loss While Tesla Raises Prices Up to KRW7M in Korea
The Korean electric vehicle market is witnessing starkly contrasting strategies from BYD and Tesla following changes to the government's EV subsidy scheme. BYD Korea, which has been excluded from the national subsidy list, has decided to roll out its
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M2Soft Launches CROWNIX 9: AI-Powered Platform for Enterprise Automation
M2Soft, a leading South Korean provider of reporting and electronic document solutions, announced on July 1 the launch of CROWNIX Report & ERS 9 and CROWNIX Smart Form 9. Coinciding with the company's 25th anniversary, this next-generation suite inte
