SK On, a leading global battery manufacturer, announced today it will showcase battery cells highlighting advanced fast-charging solutions along with various products demonstrating its latest R&D achievements at the upcoming battery exhibition in Seoul.

Regarding the Hong Kong H Index Equity Linked Securities (ELS), the head of the Financial Supervisory Service (FSS) said, “We have almost finalized the compensation draft” and added, “Detailed explanation will be given around next weekend.” On February 28, the head of FSS explained to journalists that “We are taking a final look by gathering opinions from each department about the compensation plan for Hong Kong ELS losses” after having a meeting with heads of research institutions, and added, “We have almost finalized the draft, and detailed explanation will be given to journalists around next weekend or so.” Then, “It takes time to discuss an issue at the Dispute Mediation Committee according to the Act On The Protection Of Financial Consumers,” explained Lee Bok-hyun, the Head of the FSS, “However, we try to hold a meeting and have an open discussion or disclosure on the issue within next week.” He also explained if financial institutions take responsibility and provide financial compensation, they may be given mitigated penalties.

With semiconductor exports recovering, last month’s export value index rose 15.7% compared to the same month last year, showing improvement for five consecutive months.

Hanwha Group completed the acquisition of HSD Engines, the world’s second-largest company in low-speed marine engines.

Hanwha Solutions QCELLS Division(hereinafter referred to as Hanwha QCELLS) will supply modules for self-consumption solar power plants to be installed at Hyundai Motor Company’s domestic business sites.

Kbank, an internet-only bank, attracted 10 million customers and is now waiting for an IPO.

SK Square announced that its 2023 annual performance recorded sales of KRW 2.2765 trillion , operating loss of KRW 2.3397 trillion, and net loss of KRW 1.3148 trillion based on consolidated financial statements.

Hanwha Solutions announced it recorded 13.2887 trillion won of revenue and 604.5 billion won of profits in 2023 (consolidated), which is YoY 1.2% and 34.6% increases, respectively.

Innogrid, a cloud computing and digital transformation (DT) company, initiated the initial public offer (IPO) process on the KOSDAQ market by submitting a registration statement on February 22.

SK Telecom announced it developed an AI-driven wireless transmission and reception technology for future 6G mobile telecommunication.