Eight out of ten business leaders have expressed the belief that the Chinese economy will continue to deteriorate in the future. This outlook is attributed to mounting concerns over risks stemming from China, notably those associated with the U.S.-China conflict. It is increasingly evident that the
LG Energy Solution announced on August 8th that it has established a joint venture with Huayou Cobalt Co., China's top cobalt producer, creating the first Sino-Korean battery recycling company in China. The contract signing ceremony for the joint venture was held at Huayou Cobalt Co.’s headquart
This year has seen a rush of huge investments by Chinese battery materials makers partnering with Korean companies. In just four months, about five trillion won worth of joint ventures have been announced, led by major companies such as SK On and LG Chem. This is the exact opposite of a previous sit
At the beginning of 2023, the three major Korean battery makers have been cruising with high growth rates compared to the previous year. However, as Chinese companies showed explosive growth, LG Energy Solution was pushed down to third place.According to SNE Research on March 30, total batteries in
TCL, a Chinese home appliance company, pushed out LG Electronics and ranked second in the global TV sales standings last year. This marked the first time TCL has placed second. While the size of the global TV market shrank by 13.2 percent compared to the previous year, competition in the world TV ma
Pure car and truck carriers (PCTCs) are becoming increasingly insufficient in East Asia as China’s car exports are increasing fast.According to Clarksons Research, the daily charter rate for a PCTC with a capacity of 6,500 CEU, that is, 6,500 cars was US$25,000 in 2021 but topped US$110,000 in Decem
SK ecoplant announced on Jan. 5 that it signed an MOU with China State Construction Engineering Corp. (CSCEC) on Jan. 4 for cooperation in global renewable energy.The gist of this agreement is that the two companies will actively cooperate in the joint development of renewable energy projects overse
CATL’s plant in Erfurt, Germany, its first overseas plant, started its operation. Competition is likely to further intensify between the world’s largest and South Korean EV battery manufacturers. The plant in Germany has an annual production capacity of 14 GWh, equivalent to 280,000 cars.CATL’s prod
China’s share of the world's large display market is expected to exceed 50 percent for the first time ever. This year, Samsung Display and LG Display pull the plug on their LCD panel businesses due to declining profitability, letting China further strengthened its LCD market dominance.Large-area
Market research firm UBI Research said on Dec. 13 that the market of OLED components and materials for use in mobile devices is expected to grow to US$13.9 billion in 2023 and US$16.7 billion in 2027 with an average annual growth of 4.6 percent.“In 2025, the flexible OLED segment including foldable
The committee of the International Solid-State Circuits Conference (ISSCC) in South Korea held a press conference on Nov. 16 to give a briefing on ISSCC 2023 and the latest research trends.According to the committee, a total of 629 research papers were submitted for next year’s ISSCC, including 198
China’s BYD, the world’s second-largest electric vehicle (EV) maker and third-largest battery maker, has selected Thailand as its first overseas plant construction site. It aims to preempt the Southeast Asian EV market, which is expected to grow rapidly. A fierce battle is expected between BYD and H
Apple has reportedly added China's YTMC to its list of NAND flash suppliers for the iPhone 14, which is to be unveiled on Sept. 7.Apple has thus far received NAND flashes from Samsung Electronics, SK Hynix and Kioxia. For DRAMs, it has relied on Samsung Electronics and SK Hynix. Apple is highly
The trade between South Korea and Taiwan totaled US$28.29 billion in the first half of this year, 4 percent of South Korea’s total international trade. In that period, Taiwan was the sixth-largest trade partner for South Korea. With U.S.-China and China-Taiwan relations getting worse, it is pointed
Mark Liu, chairman of Taiwan’s TSMC which is the world’s largest foundry company, stressed that China's invasion of Taiwan will not only stop TSMC’s factories but cause a tremendous economic chaos in both countries and destroy the world order.In an interview with CNN on Aug. 1 (local time), Liu
If China attacks Taiwan, the world’s wealth will be reduced by US$2.61 trillion (about 3413 trillion won), the Nihon Keizai (Nikkei) Shimbun reported on Aug. 2. It said that the West will impose sanctions on China like those on Russia, and China, as well as all countries that trade with China, will
Market research firm SNE Research announced on July 18 that a total of 4.285 million BEVs and PHEVs were sold worldwide in the first half of this year, up 63 percent from a year ago.The global sales volume includes 2.474 million in China, up 121 percent. In North America, the volume increased 59 per
The author is an analyst of Shinhan Investment Corp. He can be reached at ws.choi@shinhan.com. -- Ed. China's top renewable energy generator with second-largest capacityChina Three Gorges Renewables Group is China's top renewable energy generator with a focus on expanding electricity sales t
Alipay Singapore Holdings, the second-largest shareholder in KakaoPay, sold five million KakaoPay shares through a block deal on June 7. The amount is 9.8 percent of Alipay’s stake in KakaoPay and 3.77 percent of the total KakaoPay shares.Alipay procured 470 billion won or so by disposing of the sha
The Korea International Trade Association said in its report on June 8 that South Korean products’ share in the imported goods market of China fell from 9.9 percent to 8 percent from 2017 to 2021. “South Korea showed the highest rate of decrease among the top 10 countries in the market,” it explaine