Coupang “Share 100 billion won to Coupangmen” [주요언론]
On the 12th, Coupang announced its plan to distribute 100 billion won worth of stock to employees such as’Coupangman’, a delivery manpower, officially listing on the US stock market. In a document filed with the U.S. Securities and Exchange Commission (SEC), Coupang congratulated an important step in the company’s history (called U.S. stock market listing) and acknowledged its dedication to customers amid the coronavirus outbreak. “It will provide scale,” he said. “These employees are the foundation of the company and the reason for its success.” In addition, “the company is playing an important role in providing new economic opportunities to the Korean people, including directly hiring 50,000 people as of the end of last year.” “Last year alone, 25,000 people were hired, and 50,000 people were newly hired by 2025. The goal is to hire,” he added.
Discussing the’Apple Car’… Hyundai Motor Company focuses on its own electric vehicle [주요언론]
Hyundai Motor Group is focusing its efforts on launching its own electric vehicle (EV) model. This is a situation in which the negotiations on the’Apple Car’ with Apple, which have received the world’s attention, have subsided. In the industry, negotiations with Apple on consignment production of Apple cars were temporarily suspended, but the possibility of resuming them in the future is not small. Apart from this, Hyundai Motor Group is expected to focus on launching its own electric car.
Jeung Seon Committee reduced fines for lime vendors… Final conclusion of next month’s financial crisis [연합뉴스]
According to the financial authorities, on the 8th, the Jeungsun Committee reduced the fines imposed on Shinhan Investment Corp. and KB Securities, which are securities companies selling lime funds. It is known that the penalty imposed on Daishin Securities, another seller, is not subject to judgment by the Jeung-Seon Committee, but is related to inadequate internal control, so no separate deliberation has been conducted. The specific penalty amount was not disclosed because the FSC procedure remained. It seems that the Jeung-Seon Committee intensively deliberated on agendas related to violations of the Capital Markets Act and did not recognize the Lime Fund’s insolvency in advance, and it seems to have accepted some of the claims made by securities companies that it has been trying to compensate for customer damage. The Financial Services Commission is scheduled to hold a regular meeting next month to finalize the amount of fines and the level of sanctions by the CEO.
車·TV·cell phone’shortage of semiconductors’… It seems to continue throughout the first half of this year [주요언론]
It has been observed that this year’s semiconductor’shortage’, which is common in major industries such as automobiles, TVs, and smartphones, will continue throughout the first half of the year. From the second half of this year, when the expansion of major semiconductor manufacturers takes effect, the supply and demand balance will gradually be balanced, and it will enter a stable state in 2022.
‘On subscription frenzy’… Last year’s initial sales rate for Seoul apartments is 100% for the first time ever [연합뉴스]
According to HUG’s initial sales rate trend data for private apartments, Seoul recorded an initial sales rate of 100.0% for four consecutive quarters from the first quarter of last year to the fourth quarter of last year. This is the first time since the third quarter of 2014, when HUG started collecting related statistics. The initial sales rate of apartments nationwide was 96.6% in the fourth quarter of last year, just behind the highest ever in the second quarter of 2020 (97.0%). During the same period, the initial sales rates of the metropolitan area (Seoul, Incheon, Gyeonggi), the five metropolitan cities (Busan, Daegu, Gwangju, Daejeon, Ulsan) and Sejong were 98.1% and 99.1%, respectively.
Samsung and Huawei aimed for a blank smartphone… The main characters are Apple, Xiaomi, and Oppo [조선비즈]
According to major market research institutes, Samsung Electronics was slowing down by losing its No. 1 position in major smartphone markets such as Europe, Asia, and North America last year. Looking at the European market, Samsung Electronics gave Apple the No. 1 position in the fourth quarter of last year. Apple, Xiaomi, and Oppo shared this demand. For Samsung Electronics, what is more scary than Apple is the growth of Xiaomi and Oppo. Xiaomi’s shipments increased by 34% year-on-year in the fourth quarter, recording a 15% market share in Europe. Oppo’s market share in the fourth quarter was around 3%, but shipments increased by 186% compared to the previous year. Samsung Electronics did not show an edge in Asian markets such as China, India, and Southeast Asia.
6,000 households for public lease are provided to residents of Jokbang and Gosi Village. [주요언론]
The Ministry of Land, Infrastructure and Transport said it plans to support more than 6,000 households in public rental housing this year to increase housing for vulnerable groups living in non-housing such as Jikbang and Gosiwon. Through a public offering last month, the Ministry of Land, Infrastructure and Transport selected 30 project areas of 12 local governments, including Seoul and Gyeonggi Province, as leading local governments in the housing upgrade support project. Local governments and the Korea Land and Housing Corporation (LH) will collaborate to closely support the entire process from housing counseling to moving-in and settlement for vulnerable groups who cannot afford to move into public rental housing alone.
‘Corona Loan’ Expiration Extension and Interest Deferred 6 Months More likely [연합뉴스]
According to the financial sector, the financial authorities are in discussions with the financial sector on the issue of extending the maturity of loans for SMEs and small businesses due to the novel coronavirus infection (Corona 19). As the Financial Services Commission introduced this year’s business plan, it was unavoidable to extend the loan maturity and delay the interest repayment one more time, which was extended until March 31, so inside and outside the financial sector, re-extension is a prerequisite. The number of deferred interest repayments is 13,000 (loan scale of 4,7 trillion won), which is about 157 billion won. The re-extension period is likely to be 6 months (until September 31). The Financial Services Commission plans to announce a plan for a soft landing measure to extend the maturity of all financial sectors and postpone repayment at the end of this month by collecting opinions from the financial sector.
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