Markets

SK Hynix surpassed Samsung Electronics in operating profit in 2024, achieving 21.33 trillion won, driven by a strong performance in the memory chip market. South Korea’s 1,000 major listed companies also saw record profits, with a 92.7% increase from 2023. While Samsung had significantly higher revenue, SK Hynix’s operating profit margin was much higher. The CXO Institute predicts SK Hynix to maintain its lead in 2025.

Version 1.1.6 of the screen capture tool introduces automatic window snapping for precise captures and addresses user feedback for improved stability. This update focuses on enhancing user experience and builds upon its core strengths: lightweight design and intelligent functionality. The software also boasts AI-powered features, including real-time content analysis and enhanced information extraction from screenshots, making it a versatile tool.

Pantheon Resources appoints Tralisa Maraj as CFO and Erich Krumanocker as CDO, signaling a shift from exploration to development of its Alaska North Slope assets. This move aims to unlock the value of its Kodiak and Ahpun fields, estimated to hold substantial oil and gas reserves, and facilitate a listing on a major U.S. exchange. The company is also offering incentives like stock options.

A display technology company received two China Patent Excellence Awards for its display innovations, including projection distortion correction. This recognition highlights advancements in ALPD laser light source technology, which has been applied in automotive optics, cinema projection, and robotics. With a robust patent portfolio and significant R&D investment (RMB 248M in 2024), the company is experiencing substantial growth and expanding into new markets while affirming its commitment to innovation and intellectual property protection.

The founder of a Chinese retail chain is publicly fighting back against alleged online attacks, escalating the company’s defense of its reputation. Utilizing strong social media posts, the founder accuses critics of malicious intent and lacking critical thinking skills. This follows sustained criticism targeting the company, which it believes harms its brand image and mission to benefit society, as publicised by the company’s senior management.

Gree’s Marketing Director, Zhu Lei, discussed the unexpected online reunion between Dong Mingzhu and former employee Meng Yutong. He clarified it was a natural interaction, not a marketing ploy, emphasizing genuine care and transparency. Despite speculation, Zhu stated there were no issues with the reunion. The live stream drew millions of views and significant sales. They also came together for a grand opening of the first-ever “Dong Mingzhu Healthy Home” flagship store.

Following “Eye Care Day,” this article addresses the growing vision health crisis, linking it to conventional TVs’ blue light emissions and potential impacts on children and the elderly. Hisense Laser TV X1, employing reflective projection technology and zero harmful blue light, is presented as a solution. Certified for low blue light and offering superior picture and sound, it aims to improve home theater experiences while prioritizing eye health.

Wang Shuguo, President of Fanya University of Technology, emphasizes individualized education. The university, initially enrolling 50 students, will offer customized learning programs and an “8-year university” model for doctoral degrees by age 26. Wang believes in the importance of education investments by entrepreneurs as a barometer of societal growth, and plans to expand the student body to 800-1000 in the coming years.

Western Union is expanding its footprint in Asia Pacific, appointing Vince Tallent as Senior Vice President and Head of the region. Tallent, a fintech veteran, will leverage his experience in scaling businesses, with a focus on digital services. This strategic move aims to capitalize on the region’s growth potential, accelerate innovation, and provide accessible financial solutions through Western Union’s extensive network.

JD.com and China Resources Group (CRC) have forged a strategic partnership, expanding their existing collaboration. The agreement, solidified at a signing ceremony attended by top executives, will focus on boosting ventures in areas such as Hong Kong and overseas business expansion, consumer initiatives, energy efficiency, commercial real estate, healthcare, and logistics. This move leverages CRC’s diverse portfolio and JD.com’s e-commerce expertise to drive mutual growth. CRC ranks 72nd on the 2024 Fortune Global 500.