KRW

Silicon Mitus and Pico Semiconductor Partner to Develop Ultra-Small High-Frequency Silicon Capacitors

Retrieved on: 
Wednesday, November 1, 2023

Silicon Mitus worked in collaboration with Pico Semiconductor, Inc. (CEO Kim Yong-guk), a capacitor development company.

Key Points: 
  • Silicon Mitus worked in collaboration with Pico Semiconductor, Inc. (CEO Kim Yong-guk), a capacitor development company.
  • Silicon Mitus's ultra-small silicon capacitor is the result of its collaboration with Pico Semiconductor on analog semiconductor and cell manufacturing technology.
  • This invention allows one or two silicon capacitors to replace multiple multilayer ceramic capacitors (MLCC).
  • A Silicon Mitus official said, "In silicon-based capacitors, it is difficult to process wafers because they are sensitive to the dynamics of the materials and structures used.

Asia-Pacific POS Payment Methods Analysis Report 2023: Breakdown by Australia, China, India, Japan, & South Korea - Region is Spearheading the Adoption of Digital Payments at POS - ResearchAndMarkets.com

Retrieved on: 
Monday, October 30, 2023

POS Methods Overview and Trends, June 2023

Key Points: 
  • POS Methods Overview and Trends, June 2023
    Overview of Sustainability Initiatives by Payment Providers, June 2023
    Overview of Enhanced Security Measures at POS, June 2023
    Share of Retail Sales Growth vs Retail E-Commerce Sales Growth, in % Change, 2022-2026f
    In-Store Shopping Attributes That Respondents Find Appealing, in % of Respondents, 2022
    Top Changes in Payment Habits, in % of Respondents, April 2022
    Preferred Payment Methods For In-Person Transactions, in % of Respondents, April 2022
    Share of Shoppers Using Self-Checkouts During In-Store Purchases, in % of Respondents, July 2022
    Share of Shoppers Using Mobile Cashless Payments During In-Store Purchases, in % of Respondents, July 2022
    Top Technology That Decision Makers Are Likely to Implement In-Store Shopping, in % of Decision Makers, 2023e & 2027f
    Top In-Store Activities For Which Consumers Use Retailer's Mobile App, in % of Respondents, 2022 vs 2023
    Total Volume of Soft POS, in billions, 2022 & 2027f
    Top In-Store Shopping Features Consumers Expect to See, in % of Retail Executives, June 2022
    Share of Consumers Using Mobile Wallets For Payments, in %, August 2022
    Share of Retailers That Intend to Implement the Select Payment Strategies Through Third-Party Providers, in %, June 2022
    POS Methods Overview and Trends, June 2023
    Change in Cash Usage Frequency Compared to a Year Ago as of August-September 2022, in % of Respondents, March 2023
    Use of Alternative Payment Methods Other Than Cash at POS, in % of Respondents, March 2023
    Breakdown of Respondents Using Smartphone Payment Services, by Payment Method, in %, January 2023
    Top Places Where Smartphone Payments Are Used, in % Smartphone Payment Service Users, January 2023
    Top Used Smartphone Payment Service, by Type of Payment, in % of Respondents, January 2023
    Most Used Smartphone Payment Service, by Type of Payment, in % of Respondents, January 2023
    Most Used QR Code Payment Service, in % of Respondents, January 2023
    Most Used Contactless Payment Service, in % of Respondents, January 2023
    Top Reasons For Using QR Code Payment Services at POS, in % of Smartphone Payment Service Users, January 2023
    Usage Frequency of QR Code Payment Services at Convenience Store, in % of Smartphone Payment Service Users, January 2023
    Top Reasons For Using Smartphone Contactless Payments at POS, in % of Smartphone Payment Service Users, January 2023
    Total Payment Value, by Current Card Payment Method, in KRW billion, 2021 & 2022
    Mobile Wallet Payment With Credit and Debit Card, by Volume, in % of All Card Transactions, 2022e
    Breakdown of Non-Cash Retail Payment Methods, in % of Number of Payments, 2022e
    Types of Digital Wallets That Respondents Used as Their Primary Means of Payment, in % of Respondents, October 2022
    Share of Respondents Willing to Shop More With a Retailer If the Loyalty Program was Automatically Linked to the Payment Card, in %, 2022e
    Share of Mobile Phone Users Using Mobile Payments Every day, in %, 2022
    Preferred Mobile Payment Method Among Mobile Payment Users in Offline Scenario, in % of Mobile Payment Users, 2022
    Total Volume of Select Payment Method at POS, in millions & Value of Payment Method at POS, in INR trillion, Q3 2022
    Share of Preferred Payment Methods, by Value and Volume, in %, Q3 2022

LG ANNOUNCES THIRD-QUARTER 2023 FINANCIAL RESULTS

Retrieved on: 
Friday, October 27, 2023

SEOUL, South Korea, Oct. 27, 2023 /PRNewswire/ -- LG Electronics Inc. (LG) today announced third-quarter 2023 consolidated revenue of KRW 20.7 trillion and operating profit of KRW 996.7 billion, both the second highest third-quarter figures in the company's history. The noteworthy performance was driven by both the company's core home appliance business and vehicle solutions, one of its future growth engines. Home appliances more than doubled its operating profit year-over-year while vehicle solutions recorded an all-time high operating profit.

Key Points: 
  • The LG Home Entertainment Company recorded third-quarter revenue of KRW 3.57 trillion and an operating profit of KRW 110.7 billion.
  • The LG Business Solutions Company's third-quarter revenue was KRW 1.33 trillion with an operating loss of KRW 20.5 billion.
  • LG Electronics will hold a Korean / English conference call on October 27, 2023, at 16:00 Korea Standard Time (07:00 GMT/UTC).
  • The corresponding presentation file will be available for download at the LG Electronics website before the call.

LG ANNOUNCES THIRD-QUARTER 2023 FINANCIAL RESULTS

Retrieved on: 
Friday, October 27, 2023

SEOUL, South Korea, Oct. 27, 2023 /PRNewswire/ -- LG Electronics Inc. (LG) today announced third-quarter 2023 consolidated revenue of KRW 20.7 trillion and operating profit of KRW 996.7 billion, both the second highest third-quarter figures in the company's history. The noteworthy performance was driven by both the company's core home appliance business and vehicle solutions, one of its future growth engines. Home appliances more than doubled its operating profit year-over-year while vehicle solutions recorded an all-time high operating profit.

Key Points: 
  • The LG Home Entertainment Company recorded third-quarter revenue of KRW 3.57 trillion and an operating profit of KRW 110.7 billion.
  • The LG Business Solutions Company's third-quarter revenue was KRW 1.33 trillion with an operating loss of KRW 20.5 billion.
  • LG Electronics will hold a Korean / English conference call on October 27, 2023, at 16:00 Korea Standard Time (07:00 GMT/UTC).
  • The corresponding presentation file will be available for download at the LG Electronics website before the call.

Bunjang Announces K-Pop Merchandise Trading Trends

Retrieved on: 
Tuesday, October 24, 2023

Bunjang (Bungaejangter Inc.) (co-CEOs John Kang and Jaewha Choi), Korea’s leading c2c secondhand marketplace platform, announced the trends in K-pop merchandise trading.

Key Points: 
  • Bunjang (Bungaejangter Inc.) (co-CEOs John Kang and Jaewha Choi), Korea’s leading c2c secondhand marketplace platform, announced the trends in K-pop merchandise trading.
  • (Graphic: Bungaejangter Inc.)
    K-pop merchandise ranks second in Bunjang in terms of transaction volume, accounting for around 15% of all categories.
  • According to the data related to K-pop merchandise trades from January to August 2023, the total transaction volume in the K-pop merchandise category was approx.
  • Bunjang will continue to improve its services to create a convenient secondhand trading environment and assist consumers in discovering their own preferences.”

LG Energy Solution Reports Solid 3Q Operating Profit, Aims to Enhance Product Competitiveness Across All Segments

Retrieved on: 
Wednesday, October 25, 2023

LG Energy Solution posted consolidated revenue of KRW 8.22 trillion, a 6.3 percent decrease quarter-on-quarter and a 7.5 percent increase year-on-year.

Key Points: 
  • LG Energy Solution posted consolidated revenue of KRW 8.22 trillion, a 6.3 percent decrease quarter-on-quarter and a 7.5 percent increase year-on-year.
  • The company posted operating profit of KRW 731.2 billion, a 58.7 percent increase quarter-on-quarter and a 40.1 percent increase year-on-year.
  • LG Energy Solution will also strengthen its product portfolio targeting mid- to low-end EV segment, namely high-voltage mid-nickel NCM solution with a cost advantage, manganese-rich batteries, and LFP[2]/LMFP[3]batteries.
  • "In response to constantly evolving and diversified market needs, we will secure differentiated production competitiveness across all segments, ranging from premium and mainstream to affordable," said Youngsoo Kwon, CEO of LG Energy Solution.

Asia-Pacific POS Payment Methods Analysis Report 2023: Prominent Players Like Grab and GoTo Facilitate Contactless Payments Expansion

Retrieved on: 
Tuesday, October 24, 2023

POS Methods Overview and Trends, June 2023

Key Points: 
  • POS Methods Overview and Trends, June 2023
    Overview of Sustainability Initiatives by Payment Providers, June 2023
    Overview of Enhanced Security Measures at POS, June 2023
    Share of Retail Sales Growth vs Retail E-Commerce Sales Growth, in % Change, 2022-2026f
    In-Store Shopping Attributes That Respondents Find Appealing, in % of Respondents, 2022
    Top Changes in Payment Habits, in % of Respondents, April 2022
    Preferred Payment Methods For In-Person Transactions, in % of Respondents, April 2022
    Share of Shoppers Using Self-Checkouts During In-Store Purchases, in % of Respondents, July 2022
    Share of Shoppers Using Mobile Cashless Payments During In-Store Purchases, in % of Respondents, July 2022
    Top Technology That Decision Makers Are Likely to Implement In-Store Shopping, in % of Decision Makers, 2023e & 2027f
    Top In-Store Activities For Which Consumers Use Retailer's Mobile App, in % of Respondents, 2022 vs 2023
    Total Volume of Soft POS, in billions, 2022 & 2027f
    Top In-Store Shopping Features Consumers Expect to See, in % of Retail Executives, June 2022
    Share of Consumers Using Mobile Wallets For Payments, in %, August 2022
    Share of Retailers That Intend to Implement the Select Payment Strategies Through Third-Party Providers, in %, June 2022
    POS Methods Overview and Trends, June 2023
    Change in Cash Usage Frequency Compared to a Year Ago as of August-September 2022, in % of Respondents, March 2023
    Use of Alternative Payment Methods Other Than Cash at POS, in % of Respondents, March 2023
    Breakdown of Respondents Using Smartphone Payment Services, by Payment Method, in %, January 2023
    Top Places Where Smartphone Payments Are Used, in % Smartphone Payment Service Users, January 2023
    Top Used Smartphone Payment Service, by Type of Payment, in % of Respondents, January 2023
    Most Used Smartphone Payment Service, by Type of Payment, in % of Respondents, January 2023
    Most Used QR Code Payment Service, in % of Respondents, January 2023
    Most Used Contactless Payment Service, in % of Respondents, January 2023
    Top Reasons For Using QR Code Payment Services at POS, in % of Smartphone Payment Service Users, January 2023
    Usage Frequency of QR Code Payment Services at Convenience Store, in % of Smartphone Payment Service Users, January 2023
    Top Reasons For Using Smartphone Contactless Payments at POS, in % of Smartphone Payment Service Users, January 2023
    Total Payment Value, by Current Card Payment Method, in KRW billion, 2021 & 2022
    Mobile Wallet Payment With Credit and Debit Card, by Volume, in % of All Card Transactions, 2022e
    Breakdown of Non-Cash Retail Payment Methods, in % of Number of Payments, 2022e
    Types of Digital Wallets That Respondents Used as Their Primary Means of Payment, in % of Respondents, October 2022
    Share of Respondents Willing to Shop More With a Retailer If the Loyalty Program was Automatically Linked to the Payment Card, in %, 2022e
    Share of Mobile Phone Users Using Mobile Payments Every day, in %, 2022
    Preferred Mobile Payment Method Among Mobile Payment Users in Offline Scenario, in % of Mobile Payment Users, 2022
    Total Volume of Select Payment Method at POS, in millions & Value of Payment Method at POS, in INR trillion, Q3 2022
    Share of Preferred Payment Methods, by Value and Volume, in %, Q3 2022

Renault Korea Motors and ALTAVA Group Unleash XPERIENCE MOR3 Web3 Campaign

Retrieved on: 
Wednesday, October 18, 2023

Korea, Oct. 18, 2023 (GLOBE NEWSWIRE) --  ALTAVA, a leading fashion-tech company, has announced a partnership with Renault Korea Motors to introduce XPERIENCE MOR3, a Web3 digital campaign aimed at enhancing digital experiences in the metaverse. This collaboration marks Renault Korea Motors' third venture into the world of NFTs, following the successful "Create Your Epic Car" and "Create Your SM6" projects.

Key Points: 
  • Korea, Oct. 18, 2023 (GLOBE NEWSWIRE) -- ALTAVA , a leading fashion-tech company, has announced a partnership with Renault Korea Motors to introduce XPERIENCE MOR3, a Web3 digital campaign aimed at enhancing digital experiences in the metaverse.
  • Renault Korea Motors, has chosen to spearhead a digital activation campaign focused on Web3.
  • “Continuing our innovative approach for Renault Korea, we are truly excited to reveal the new XPERIENCE MOR3 campaign - AI-generated NFTs for each holder's personality that create a more humane connection with Web3 technologies.“ ALTAVA Group CEO & Co-Founder, Andy Ku
    Explore 'XPERIENCE MOR3' and embark on a journey where art, technology, and personality converge.
  • For more information about XPERIENCE MOR3 and updates on Renault Korea Motors' NFT project, please visit https://xperiencemor3.renaultkoream.com/.

Celltrion, Inc. & Celltrion Healthcare Co., Ltd. Announce Shareholders Approval of Merger

Retrieved on: 
Monday, October 23, 2023

Celltrion Group announced that the merger agreement between Celltrion, Inc. (KRX:068270) (“Celltrion”) and Celltrion Healthcare Co., Ltd. (KOSDAQ:091990) (“Celltrion Healthcare”) was approved at the extraordinary general meeting of shareholders (“EGM”) of the two companies held at Songdo Convensia and Sheraton Grand Incheon Hotel, respectively, on October 23, 2023.

Key Points: 
  • Celltrion Group announced that the merger agreement between Celltrion, Inc. (KRX:068270) (“Celltrion”) and Celltrion Healthcare Co., Ltd. (KOSDAQ:091990) (“Celltrion Healthcare”) was approved at the extraordinary general meeting of shareholders (“EGM”) of the two companies held at Songdo Convensia and Sheraton Grand Incheon Hotel, respectively, on October 23, 2023.
  • Under the merger plan, Celltrion will merge Celltrion Healthcare and issue Celltrion shares to Celltrion Healthcare shareholders.
  • Celltrion Healthcare shareholders will receive 0.4492620 shares of Celltrion for each Celltrion Healthcare share they own.
  • The merger price per share is KRW 148,853 for Celltrion and KRW 66,874 for Celltrion Healthcare.

AM Best Affirms Credit Ratings of Construction Guarantee Cooperative

Retrieved on: 
Thursday, October 19, 2023

AM Best has affirmed the Financial Strength Rating of A+ (Superior) and the Long-Term Issuer Credit Rating of “aa-” (Superior) of Construction Guarantee Cooperative (CG) (South Korea).

Key Points: 
  • AM Best has affirmed the Financial Strength Rating of A+ (Superior) and the Long-Term Issuer Credit Rating of “aa-” (Superior) of Construction Guarantee Cooperative (CG) (South Korea).
  • Established under the Korea Construction Financial Cooperative Law, CG is a government-designated surety underwriter for general contractors in South Korea.
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best’s Credit Ratings .
  • For information on the proper use of Best’s Credit Ratings, Best’s Performance Assessments, Best’s Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Best’s Ratings & Assessments .