Samsung Electronics announced its (consolidated) preliminary results for 4Q 2023: revenues of 67 trillion won and operating profit of 2.8 trillion won.

After recently uncovering tens of billions in illegal short selling by foreign investment banks (IBs), financial regulators are once again warning against illegal short selling.

Regarding Taeyoung Construction’s application for workout(corporate structure improvement work) due to the inability to revive its real estate project financing(PF) loans, the Bank of Korea said on the 28th, “It is not likely that the Taeyoung Construction case will have a drastic impact on the financial market.” Taeyoung Construction’s PF loans are known to amount to approximately 3.2 trillion won.

Joycity won a trademark dispute for its basketball online game, FreeStyle, in China.

It has been revealed that a Korean game has received a foreign license from the Chinese government.

Backpackr acquired 10x10, an e-commerce design goods platform.

Ediya Coffee enters into foreign markets, opening its first foreign franchise and 3,900th store, Micronesia Mall, Guam.

Hanwha Systems won two contracts in succession for low-altitude anti-drone system projects to prevent attack drones.

WeMade entered into an onboarding agreement on WEMIX Play for a blockchain-based CricketFly with Gamifly.

Korea Automobile Manufacturers Association (KAMA) said the sales of electric cars were up 1.7% more YOY after sluggish sales in the second half of 2023, supported by the Korean government’s subsidies, and turned to a clear recovery.