Doosan Enerbility is making its entry into the aircraft engine business, leveraging its accumulated expertise in power generation gas turbines to broaden its business domain and secure differentiated gas turbine technology.On March 26, Doosan Enerbility announced that it had added “aircraft engine m
South Korea’s aircraft exports exceeded US$1 billion for the first time in history last year. The successful export of FA-50 fighter jets to Poland is considered to have contributed significantly to this achievement.According to the Korea International Trade Association on Feb. 10, South Korea’s air
Hyundai Motor Group’s U.S.-based urban air mobility (UAM) subsidiary, Supernal, is actively exploring plans to establish a factory in the United States for the production of flying taxis.According to Hyundai Motor Group on Nov. 8, Shin Jai-won, the CEO of Supernal, stated at a foreign press forum he
Korea Aerospace Industries (KAI) will collaborate with Lockheed Martin-Sikorsky on a project to build a new large maneuvers helicopter for the Korean military’s special forces. Sikorsky is a subsidiary of Lockheed Martin that specializes in rotorcraft manufacturing.KAI announced on Oct. 18 that it s
The Korean defense industry is accelerating its penetration of the global defense market with powerful weapon systems and differentiated technological competitiveness. For example, major Korean defense companies posted record exports of US$17.3 billion in 2022 and are on track to reach US$20 billion
Hanwha Group has been designated as the 26th global defense company. Its revenue for the past year amounted to US$4.38123 billion (approximately 5.65 trillion won). LIG Nex1 and Korea Aerospace Industries (KAI) have also ascended in the ranks, securing the 52nd and 56th positions, respectively. This
The author is an analyst for Shinhan Securities. He can be reached at ldh@shinhan.com -- Ed.1Q23 review: Fixed cost burden from project delaysKorea Aerospace Industries posted sales of KRW568.7bn (-11% YoY) and operating profit of KRW19.4bn (-51% YoY) for 1Q23, falling far short of the consensus est
President Yoon Suk-yeol attended a U.S.-South Korea business conference in Washington D.C. on April 25. He was accompanied by Samsung Electronics Chairman Lee Jae-yong, SK Group Chairman Chey Tae-won, Hyundai Motor Group Chairman Chung Eui-sun, LG Group Chairman Koo Kwang-mo and Lotte Group chairman
On April 20, a Korean Air passenger plane (KE1118) flying in from Jeju Airport landed at Gimpo Airport at around 8 a.m. on April 19, left a movement area and entered a runway, according to relevant organizations and industry sources.At the same time, an Air Busan flight (BX8027) was in the process o
Incheon International Airport Corporation, Israel Aerospace Industries and Sharp Technics K signed a contract on April 17 regarding passenger-to-freighter conversion.Israel Aerospace Industries, which is state-owned, is a global leader in passenger-to-cargo aircraft conversion. Sharp Technics K is a
Approximately 25,000 airplanes are in operation in the private sector around the world and the Boeing 737 makes up about 45 percent of them. In most cases, the rear fuselage of the Boeing 737 is made in South Korea, by ASTK in Sacheon to be specific.At present, more than half of Korean Air’s planes
The author is an analyst of NH Investment & Securities. He can be reached at jaekwang.rhee@nhqv.com. -- Ed. China has resumed commercial operations of the Boeing 737 MAX for the first time in four years. Amid an accompanying rise in global aircraft production this year, the beneficiaries are to incl
Hanwha Solutions vice chairman Kim Dong-kwan, the eldest son of Hanwha Group chairman Kim Seung-yeon, is expanding his global management activities by actively participating in external events.Kim will attend the Davos Forum in January next year along with movers and shakers of the Korean business w
The author is an analyst of NH Investment & Securities. He can be reached at jaekwang.rhee@nhqv.com. -- Ed. A surge in orders for Korean weapons systems, led by Poland in 2022, is not just a one-time event. Rather, we expect the Korean aerospace/defense industry, which has thus far relied on domesti
Boeing CEO Dave Calhoun and Samsung Electronics chairman Lee Jae-yong have recently met in Seoul. The content of the meeting is yet to be made public.The two companies have maintained their partnership since 2012. According to experts, the two CEOs are likely to have discussed cooperation in the fie
Hyosung Advanced Materials announced on Oct. 12 that it has succeeded in developing an H3065 (T-1000) ultra-high-strength carbon fiber with a tensile strength of 6.4 GPa or higher and an elastic modulus of 295 GPa or higher.GPa is a unit for measuring the strength of a material. One GPa means the st
Coupang announced on Oct. 5 that it will participate in the Cybersecurity Awareness Month campaign, which has been led by the U.S. government for 19 years.Cybersecurity Awareness Month was launched by President George W. Bush in 2004. It is held in October every year to increase the awareness of dig
The authors are analysts of Shinhan Investment Corp. They can be reached at wonyong.sim@shinhan.com and bh.lee@shinhan.com, respectively. -- Ed. A small giant with proven competitivenessKencoa Aerospace is a small giant in the aerospace industry whose clients include Lockheed Martin, Boeing, and Air
U.S. President Joe Biden is scheduled to visit Samsung Electronics’ semiconductor plant in Pyeongtaek on May 20, accompanied by former U.S. Ambassador to South Korea Mark Lippert, who has been the vice president of Samsung Electronics America in charge of public relations since March this year.South
Korean Air announced on Feb. 14 that Boeing 737-8 (737 Max) No. 1 arrived at Gimpo Airport on Feb. 13.The B737 Max had been banned from flying worldwide since crashes in Indonesia in October 2018 and Ethiopia in March 2019, but was allowed to fly in 2021.In Korea, air transportation authorities had