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In the artificial intelligence (AI) market, Korean IT giants compete with global tech titans.
Naver, Kakao, LG, SK Telecom, KT, and other IT firms in South Korea are aggressively launching or planning to launch generative AI services to combat the growing influence of ChatGPT and other AI services introduced by global tech giants.
Local services can outperform those of ChatGPT p...
Moscow requires greater discounts from foreign firms leaving Russia.
According to three people with knowledge of the situation, some foreign companies attempting to exit Russia are confronting a significant increase in costs as Moscow demands greater discounts on the price tags of assets they wish to sell.
Russia has progressively tightened exit requirem...
Earnings season is seen by investors as the market's next major test.
For investors wondering if U.S. equities will maintain their recent gains in the face of decreasing profitability, this week marks the beginning of the corporate earnings season, offering the next testing for the market. Financial experts predict that S&P 500 firms will announce another quart...
At CES 2023, Korean tech titans will concentrate on future breakthroughs and environmental initiatives.
Korean technology firms will exhibit their latest goods and creative innovations at CES 2023, the world's largest consumer electronics show, which will be held in Las Vegas from January 5 to 8. Following the United States, Korean firms comprise the second largest conglomerate at CES 2023. Thi...
Part I: The German Tech Firms to Watch in 2023
The technology and information technology market in Germany has been one of the most dynamic in recent years. More than a quarter of Europe's market for innovative technologies like blockchain, IoT, and big data is located in Germany. In 2020, the German software market was predicted to bring...
Creating a bright future for South Korean chemical firms
South Korean chemical firms had a large global presence. They succeeded successfully due to operational excellence, the benefits of strong regional demand, and a conglomerate structure that gave prospects for growth. However, South Korean chemical businesses confront enormous problems today. Mark...
To keep up with the rising demand in healthcare facilities, South Korea places a premium on imaging systems that utilize artificial intelligence.
To fullfill the rising demand in hospitals, a number of South Korean health tech firms are forming partnerships with domestic and international corporations to provide AI-based imaging solutions. In this context, Global Data predicts that between 2023 and 2030, the diagnostic imaging market in So...
Under Germany's new plastics law, firms might donate €450 million annually to litter cleanup
Plastic firms in Germany will soon be obliged to pay for rubbish collection.
Wednesday's Cabinet vote requires manufacturers of products using single-use plastic to contribute to a government-managed central fund. In 2025, it will be implemented.
Based on the historical pr...
Don't be duped by the "green" word salads used by the fossil fuel business
According to Stella Levantesi, PR firms working for the fossil fuel sector are taking terminology from the climate movement and using it to support climate denial.
The CEO and president of the American Petroleum Institute (API), Mike Sommers, stated on a recent episode of the Fox Busine...
Singapore's IT and Research Firms Excel
The development of water-related technologies as well as improvements in infrastructure have been of assistance to areas that are deficient in water. The methods that Singapore uses to satisfy its day-to-day water needs are now causing a stir on a worldwide scale due to the rippling effect they a...
Fifty Foreign Firms Have Been Given Invest Approval by Thailand Commerce Ministry in April
On Tuesday, the Deputy Commerce Minister of Thailand, Sinit Lertkrai, said that the Commerce Ministry had given the go-ahead to fifty international companies in April for conducting business in the country under the Foreign Business Act.
He said that these foreign companies had invested...
US Auto Firms to use Thailand as a Production Base
US auto firms want to keep their production base in Thailand with more focus on electric vehicles (EV). On Wednesday, Ford Motor Corporation announced that it was investing 900 million US dollars to upgrade Thai factories that build its Everest SUVs and Ranger pickups.
After...
AUSTRALIAN MEDIA COMPANIES FINED A$1.1 MILLION FOR ORDER BREACH IN GEORGE PELL CASE
Highlights:
- An Australian court has ordered the media firms for paying a total of 1.1 million Australian dollars
- The media firms of Australia has to pay the amount as fines for breaking the suppression order of George Pell for child sexual assault
CHINA’S INDUSTRIAL FIRMS MAINTAIN EXPANSION OF ITS BUSINESS IN Q1 2021
Highlights –
- China’s industrial firms maintain expansion of its business in Q1 2021.
- Major industrial firms raked in 1.83 trillion yuan in combined profits.
- In March profits of major industrial firms jumped 92.3% year on year to...
S. KOREAN LISTED FIRMS SAW NET PROFIT INCREASE BY 20 PERCENT IN 2020
Highlights –
- S. Korean listed firms saw net profit increase by 20 percent in 2020.
- The combined annual net income 694 KOSPI-listed companies came to $56.25 billion.
- Around 479 firms were in black, and 215 firms suffered losses. ...
S. KOREA FSS REPORTS CREDIT CARD FIRMS COMBINED EARNINGS TO RISE 23.1%
Highlights –
- S. Korea FSS reports credit card firms combined earnings to rise 23.1%.
- The combined net profit of eight card issuers came to $1.8 billion in 2021.
- The increase was attributed to combination of earnings from card loans an...
JAPAN’S ECONOMY GREW 11.7 PERCENT IN OCT-DEC 2020
Highlights –
- Japan’s economy grew 11.7 percent in Oct-Dec 2020.
- The country’s real GDP expanded by a double-digit percentage for the 2nd quarter.
- Private consumption remained unchanged from rises of 2.2 percent.
SINGAPORE BASED FIRM TO INVEST $50 M IN DeFi START-UPs
Highlights:
• The firm has a long term plan of creating a new financial system in about 20 years dominated by DeFi and fintech firms
• &...
S. KOREA’S MAJOR LISTED FIRMS’ CASH DIVIDENDS ROSE BY 60 PERCENT IN 2020
Highlights –
- S. Korea’s major listed firms’ cash dividends rose by 60 percent in 2020.
- A survey showed the combined dividends by 124 listed firms to be 30.2 trillion won.
- The net profit of the companies was reported to be ...
KEIDANREN REPORTS ONLY 37% OF FIRMS MET WITH GOVT.’S TELEWORKING REQUESTS
Highlights –
- Keidanren reports only 37% of firms met with govt.’s teleworking requests.
- In the Tokyo metropolitan area, the number of people commuting decreased by 40 percent.
- Feb. 7 is the supposed date for the end date of the ...