On July 4, Hyosung Heavy Industries signed a Memorandum of Agreement (MOA) with INNIO Jenbacher, an Austria-based company, for a pilot project involving hydrogen engine generators. The signing ceremony was held at Hyosung's headquarters in Mapo.Through this MOA, Hyosung Heavy Industries and INNI
A system of robots that harvest and transport crops on their own without human assistance has been developed for use in agricultural facilities such as smart farms.The research team under Choi Tae-yong, principal researcher at the AI Robot Research Division’s Department of Robotics and Mechatronics
The authors are analysts of NH Investment & Securities. They can be reached at ys.jung@nhqv.com. -- Ed. California’s introduction of NEM 3.0 is to reduce the electricity export rate (the selling price of surplus solar power resold to California utility companies). Upon going into effect in Apr 2023,
The author is an analyst of KB Securities. He can be reached at joonsop.analyst@kbfg.com. -- Ed. ESG Digest: Unveiling key ESG factors for consideration by investors Environmental, social, and corporate governance (ESG) initiatives undertaken by a company help to shed light on industry conditions, k
S-Oil has made an equity investment in a next-generation fuel cell company in a move to enter the hydrogen business.S-Oil has acquired a 20 percent stake in Fuel Cell Innovations (FCI), a company that provides clean energy solutions based on fuel cells. With the investment, S-Oil became the largest
KT SAT, a subsidiary of KT in charge of the satellite business, plans to launch its next satellite, Mugunghwa 6A, at the same orbit as Mugunghwa 6 in 2024. Mugunghwa 6A is the successor to Mugunghwa 6.KT SAT, which marks its 50th anniversary this year, presented its new vision at the Geumsan Satelli
Pension funds and public funds, including the National Pension Service (NPS), are expected to tone down their aggressive stock purchasing after boosting the KOSPI market by purchasing large-cap stocks since August.As negative indicators of the global economy have recently been announced, an increasi
As the interest rates of South Korean bonds have increased more than 20 percent over the past month, domestic securities companies which own 212 trillion won (US$176.37 billion) worth of bonds are on alert. A rise in bond interest rates means a fall in bond prices. Therefore, the financial soundness
As the trend towards low interest rates continues, the issuance of and investment in high-risk derivatives linked securities (DLS) and equity linked securities (ELS) has been growing rapidly.The balance of DLS and ELS came to 117.40 trillion won (US$97.83 billion) as of July this year, up 90.50 tril
The issuance of equity-linked securities (ELS) and derivatives-linked securities (DLS) plunged this month. The two types of securities have been popular among Korean investors as a product of middle risk and middle return. The recent drop in their issuance is attributed to investors' shunning of
The rekindled trade war between the United States and China jolted the foreign exchange market in Seoul on Aug. 26. The U.S. dollar strengthened on investors’ increased preference for risk-free assets.The won-U.S. dollar exchange rate opened at 1,1219.40 won at 9:10 a.m., up 8.80 won from the previo
The trade dispute between the United States and China is escalating once again, casting a dark shadow over the Asian stock market, including South Korea. South Korea's benchmark Kospi may dip below the 1,900 mark as investor sentiment has quickly cooled off due to the rekindled U.S.-China disput
South Korea’s financial regulator has vowed to intervene in the stock market if volatility continues to increase.During a meeting with investment banking industry insiders at the government complex in Seoul on Aug. 5, Financial Services Commission Vice Chairman Sohn Byung-doo said, “We will act swif
South Korean investors' offshore securities transactions surged more than 60 percent in the first half of this year against the six-month earlier period as local investors have actively sought for high yielding investment products to offset the lackluster South Korean market.South Korean investo
The total amount of principal invested in domestic bond-type funds has topped 120 trillion won (US$101.82 billion) for the first time as a large amount of investors' money keeps flowing into bond funds, which are considered risk free assets, amid concerns about the slowdown of the Korean economy
The price of Bitcoin has recovered to the 10 million won (US$8,435) range.The rebound is attributed to an increasing number of investors injecting money into cryptocurrencies amid increased variability in the global economy and global companies' moves to bring the virtual coin into the financial
Shinhan Bank announced on April 16 that it successfully issued US$400 million (454.60 billion won) worth of subordinated bonds on April 15.The bank issued the bonds to raise funds to support environment-friendly companies and social enterprises. The bonds have a maturity of 10 years and the interest
Bithumb, the biggest cryptocurrency exchange in South Korea, has been excluded from a global cryptocurrency exchange ranking on the grounds that it is highballing its transaction volume.Bithumb is suspected of generating a considerable amount of transactions through promotion events in which it retu
As the South Korean stock market shows a greater variability this year in the aftermath of the United States raising interest rates and the trade war between the U,S, and China, there has been keen competition to take the top spots in market capitalization.According to data from local market tracker
Concerns are being raised that the cryptocurrency market which recently seems to be overheating can encroach on the domestic stock capital. As small investors who want to make a profit with a short-term investment have turned their eyes to digital currencies, there is an outflow of capital which sho