Osstem Implant, the world’s leading dental implant company in sales, faced measures including the recommendation for dismissal of its CEO following embezzlement amounting to around 220 billion won. The Securities and Futures Commission (SFC) under the Financial Services Commission resolved on such m
The market capitalization and operating profit of South Korea’s top 100 companies have been surpassed by those of their counterparts in Taiwan. This reversal comes as TSMC outpaced Samsung Electronics in operating profit in 2022, leading to a widening gap between the two representative companies.Acc
A forecast suggests that SK hynix’s operating profit is expected to surge to around 2 trillion won, marking a turnaround to profitability compared to the same period last year, ahead of the earnings announcement scheduled for April 25.According to financial information provider FnGuide on April 16,
South Korean cosmetics companies such as LG Household & Health Care and AmorePacific are reducing their reliance on the Chinese market and aggressively increasing their market share in the United States.According to statistics from the Korea Customs Service on April 15, the export amount of Korean c
Despite major overseas luxury brands achieving astronomical sales figures in South Korea last year, it has been revealed that many of them either reduced their donations or completely abstained from contributing compared to the previous year. This trend suggests a confidence among these brands that
The government plans to expand maritime transport capacity to 140 million tons by 2030. Additionally, it has decided to increase the national shipping fleet to 2 million TEUs.The Ministry of Oceans and Fisheries unveiled the “Plan for Stabilizing Management and Improving Vitality of the Maritime Ind
Daewoo Engineering & Construction has secured a credit rating from Japan Credit Rating Agency (JCR), one of Japan’s major credit rating agencies, solidifying its position as a global construction firm while boosting its funding flexibility in financial markets across the Middle East, Singapore, and
SK on, the battery business subsidiary of SK Innovation, is partnering with Siemens Digital Industries Software (DISW) to embark on the establishment of smart factory systems.SK on announced on April 14 that it had signed a memorandum of understanding (MOU) with Siemens DISW at the SK Seorin Buildin
Despite major property and casualty insurance companies lowering automobile insurance premiums for two consecutive years in April 2022 with a reduction ranging from 1.2 percent to 1.4 percent, and in February last year with a reduction ranging from 2.0 percent to 2.5 percent, they have recorded prof
Earlier this month, the automotive electronics division of LG Electronics was fully deployed at Hyundai Motor Group's R&D heartland, the Namyang Research Institute in Hwaseong, Gyeonggi Province. This week, the management of LG Innotek is also scheduled to visit Hwaseong.According to industry source
The author is an analyst for Shinhan Securities. She can be reached at sunmi.kim@shinhan.com -- Ed.1Q24 OP to meet consensus in the absence of major one-offsSamsung E&A is expected to have registered sales of KRW2.5tr and operating profit of KRW197bn in 1Q24 in line with the market consensus. Sales
LG Electronics is speeding up its efforts to enhance its semiconductor capabilities as it battles with Samsung Electronics for dominance in the AI home appliance market.On April 10, LG Electronics announced plans to expand its home appliance-specific on-device AI chip, DQ-C, to 46 models across 8 pr
After enduring difficulties in the first quarter, major Korean entertainment companies have been aggressively marketing themselves. They are also changing their consumer bases, shifting from a profit structure that relies on core fans to target light fans, those who consume music lightly.According t
HMM is set to enhance its market share on the major U.S. routes by deploying additional container ships. This strategy is part of their plan to seize a “performance turnaround” opportunity by maintaining high sea freight rates ahead of long-term freight contracts.According to the maritime industry o
LG Electronics emphasized its commitment to leading the global AI home appliance market by applying its proprietary AI chip, developed for the implementation of “empathetic intelligence,” to its major products. This move is seen as a direct response to Samsung Electronics’ vision to lead the AI home
As Taiwan, located on the “Ring of Fire” in the Pacific Ocean, faces its strongest earthquake since the “921 Earthquake” of 1999, concerns about the spread of the damage are growing.Taiwan, a leading nation in advanced semiconductor production, is in the spotlight due to production disruptions at TS
Hyundai Steel is moving up the operational start date of its dedicated steel sheet processing plant for electric vehicles in the United States to September.According to industry sources on April 2, Hyundai Motor Company is advancing the start of its dedicated electric vehicle factory (HMGMA) in Geor
Hanwha Ocean announced on April 2 that it has signed a construction contract for four liquefied natural gas (LNG) carriers with an Asian shipowner. The contract value amounts to 1.24 trillion won (US$916.16 million).Hanwha Ocean did not specify the exact contracting party. Considering factors such a
The second factory of Ultium Cells, a joint venture between LG Energy Solution and General Motors (GM) for electric vehicle batteries, has commenced commercial operations. LG Energy Solution has decided to continue proactive investments, particularly in North America, as part of its strategy to soli
SK hynix has successfully attracted trillions of won in funds in its corporate bond demand forecast, achieving a successful fundraising campaign.According to investment banking industry sources on April 1, SK hynix (AA) successfully raised a total of 2.86 trillion won (approximately US$2.11 billion)