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Sunday, January 21, 2018

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When AFC Korea, a unit of Chinese private equity fund (PEF) AFC, takes over STX Corp, it will be the first acquisition of domestic trading company by Chinese capital.

Falling to Chinese Hands

19 January 2018 - 11:00am
Yoon Yung Sil

AFC Korea, a unit of Chinese private equity fund (PEF) AFC, will complete a due diligence to acquire STX Corp by the end of this week. Since the company and creditors seem to be in agreement, the deal is most likely to be closed in February. When AFC Korea takes over STX Corp., it will be the first acquisition of domestic trading company by Chinese capital.

According to investment banking (IB) industry sources on January 18, AFC Korea started conducting a detailed due diligence on the second week of this month and will complete it this weekend. As a South Korean base for China’s...

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Naver is considering whether to participate in 700 billion won (US$653.9 million) of Mirae Asset Daewoo’s capital increase.

Unexpected Torment

19 January 2018 - 10:45am
Yoon Yung Sil

Naver, which exchanged its equities with Mirae Asset Daewoo for a strategic partnership, is in a dilemma over Mirae Asset Daewoo’s capital increase. After making an investment in each other’s equities, the price of Mirae Asset Daewoo shares decreased due to numerous unfavorable factors. However, it is difficult for Naver to turn its eyes from Mirae Asset Daewoo’s capital increase as a major shareholder.

According to investment banking industry sources on January 18, Naver is considering whether to participate in 700 billion won (US$653.9 million) of Mirae Asset Daewoo’s capital...

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The Fair Trade Commission (FTC) of Korea approved some 50 trillion won (US$46.71 billion) worth of the merger of two global memory chip producers – Qualcomm and NXP – on condition on January 18.

Case of World’s Largest Merger

19 January 2018 - 10:15am
Cho Jin-young

S. Korea’s antitrust authorities put the brakes on a merger between United States-based chipmaker Qualcomm and Dutch company NXP, the largest merger and acquisition (M&A) case in the semiconductor industry. As the Fair Trade Commission (FTC) granted a conditional approval for the merger, the ill-fated relations between the antitrust authorities and Qualcomm, which are in a legal battle on some 1 trillion won (US$934.14 million) fines, seems to continue again.

The FTC approved some 50 trillion won (US$46.71 billion) worth of the merger of two global memory chip producers –...

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Kakao successfully attracted investment from foreign institutional investors and would invest in M&As and artificial intelligence (AI) technology in the future.  Kakao will embark on a global M&A hunt after securing US$1 billion in funds. Webtoon applicat

For Second Phase Growth

19 January 2018 - 10:15am
Matthew Weigand

Kakao successfully attracted investment from foreign institutional investors and would invest in M&As and artificial intelligence (AI) technology in the future.

Kakao will embark on a global M&A hunt after securing US$1 billion in funds. Webtoon application 'PicoMA' is expected to hit the Japanese market where PicoMA is gaining in popularity first and to tap into overseas markets.

On January 18, Kakao announced that the company successfully attracted investment from foreign institutional investors and would invest in M&As and artificial intelligence...

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Apple succeeded in increasing its share in the Chinese market in spite of fierce competition with Chinese Android smartphone manufacturers.

Rebounding in China

18 January 2018 - 11:30am
Cho Jin-young

According to market research firm Kantar Worldpanel, the global market share of the iOS rose from 19.7% to 24.3% between the end of 2016 and the end of 2017.

However, the share fell from 57.5% to 51.5% in Japan during the period. Likewise, it fell from 43.6% to 39.8% in the United States, from 47.2% to 43% in Britain, from 16.8% to 15.8% in Italy, and from 24.3% to 22.7% in France.

Meanwhile, the market share of the Android OS increased by four percentage points in the United States and 6.1 percentage points in Japan. In China, in contrast, it showed a decline of five...

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Samsung SDS will release an electronic authentication platform technology based on blockchains to replace plug-in program 'ActiveX'.

Blockchain-based Authentication Platform

18 January 2018 - 11:15am
Michael Herh

Samsung SDS will begin developing an electronic authentication platform that will replace plug-in program 'ActiveX.'

Samsung SDS announced on January 17 that the company would release an electronic authentication platform technology based on blockchains through its in-house venture start-up. The company’s new platform simplifies an authentication system based on the security of blockchains. The new solution is expected to be able to replace ActiveX and financial authentication certificates which forced users to undergo a lot of inconvenience due to many steps for electronic payment...

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Samsung's MAMCN+ ranked 14th among 97 total artificial intelligence reading solutions.

AI Reading Capability Test

18 January 2018 - 11:00am
Michael Herh

Samsung Electronics nabbed 14th place in an artificial intelligence (AI) reading competition hosted by Stanford University in the US. The first place honor went to Chinese e-commerce company Alibaba. It was found that Alibaba's artificial intelligence technology was better than human beings in reading comprehension.

According to the official website of Stanford reading comprehension test SQuAD on January 17, Samsung's MAMCN+ ranked 14th among 97 total artificial intelligence solutions by scoring 77.436 points. In addition to Samsung Electronics, the KAIST participated in the...

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Hyundai Heavy Industries will supply 21 units of 4.1MW dual-fuel Himsen Engine and related equipment for the power plant in Indonesia.

Power Generation Project in Indonesia

18 January 2018 - 11:00am
Lee Song-hoon

Hyundai Heavy Industries landed a US$48 million order to supply dual fuel power generation facilities for the first time from Indonesia.

The deal will empower Hyundai Heavy Industries to participate in a power generation project led by PT. PLN, an Indonesian electric power corporation. Indonesia is planning to build a large power plant with an annual production capacity of 35,000MW by 2019, and is expected to place additional orders with Hyundai Heavy Industries in the future.

Hyundai Heavy Industries announced on January 17 that the company recently won an...

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The first Apple Store in South Korea, dubbed Apple Garosugil, would be opened in Apgujeong-dong, Gangnam-gu on January 27.

To remedy grievance on ‘Korea Passing’

18 January 2018 - 10:45am
Cho Jin-young

Apple Korea announced on January 17 that the first Apple Store in South Korea, dubbed Apple Garosugil, would be opened in Apgujeong-dong, Gangnam-gu on January 27.

The opening is somewhat belated. The first Apple Store in the world was opened in New York back in 2001. The first ones in Japan and China were opened in 2003 and 2008, respectively.

Apple users in South Korea are expecting that Apple will pay more attention to themselves after the opening of Apple Garosugil. More than 10 million iPhones were sold in South Korea during the past 10 years and Apple’s share in the...

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IT consultant Gartner raised its semiconductor market estimates by US$23.6 billion (25.11 trillion won) from US$427.4 billion (454.75 trillion won) after three months percent from US$419 billion (445.61 trillion won) last year.

Changed Forecast on Semiconductor Market

18 January 2018 - 10:45am
Cho Jin-young

According to global market researcher and IT consultant Gartner on January 17, the memory chip market is expected to reach US$451 billion (479.64 trillion won) this year, up 7.5 percent from US$419 billion (445.61 trillion won) last year.

Thanks to high specification of smartphones and expansion of Internet data center (IDC), memory chips, such as DRAM and NAND flash, enjoyed a super boom last year. However, there has been controversy over the semiconductor industry reaching its peak from October last year. This is because the growth in mainly memory chips is forecast to gradually...

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