The State of West Virginia and LG Electronics announced a strategic initiative to grow new business ventures in West Virginia to advance the development of new technologies for renewable energy, healthcare and industries of the future.The businesses, developed by LG NOVA, LG Electronics’ North Ameri
The author is an analyst for Shinhan Securities. He can be reached at yjjung86@shinhan.com -- Ed.Operating margin to improve from 2.5% in 1Q to 7.6% in 4QNexen Tire recorded sluggish earnings in 1Q23 with sales of KRW639.6bn (+20% YoY, -9% QoQ) and operating profit of KRW16.2bn (positive swing YoY,
While Samsung Electronics and TSMC are intensifying their competition in the 3-nm chip market, low-end semiconductors produced using a 28-nm or lower process may cause a bottleneck in the semiconductor supply chain. Some experts argue that China can increase its influence in such a situation.TSMC CE
Chong Kun Dang announced on Sept. 13 that it shared the results of the Phase 1 clinical trial on CKD-702, a new anticancer dual antibody biotech drug, at the European Society for Medical Oncology (ESMO) annual conference held in Paris, France from Sept. 9 to 13.Since May 2020, Chong Kun Dang has bee
The author is an analyst of NH Investment & Securities. He can be reached at pk.park@nhqv.co. -- Ed. SK Biopharm posted consolidated 2Q22 sales of W53.4bn and an operating loss of W40.1bn, with OP missing consensus on the increased SG&A expenses. We can confirm positive effects from the patent expir
The Institute for Basic Science announced on Dec. 21 that it has proved the fact that hippocampal stellate cells create a flexible and modifiable memory by comprehensively regulating spaces for signal transmission between synaptic neurons.Modifying a memory as needed as well as remembering is import
KT announced on Dec. 8 that it will invest US$5 million in series A financing of NeuroSigma, a U.S. electronic drug developer.KT signed a business agreement with NeuroSigma in June and began cooperation in product development and commercialization in the field of electronic medicine. With this equit
An anti-AIDS drug candidate of the Korea Research Institute of Chemical Technology has been approved for sale in China. It is expected to become the first new drug candidate commercialized by the institute and the production in China is scheduled to start this year.This achievement was led by Dr. So
SK Group is moving to enter the cathode material business. The group has thus far made equity investments in related companies, but does not produce them directly.SK Group said on Aug. 30 that SK Materials and SKC are both considering entering the cathode material business. They are open to all poss
The author is an analyst of NH Investment & Securities. He can be reached at jack.baek@nhqv.com. -- Ed. Amid a bicycle industry boom, Samchuly logged a 1Q21 earnings surprise. Most of the company’s flagship brands are enjoying y-y sales growth of over 100%, its product ASP is up over 20% y-y, and it
Samsung Electronics has sealed a deal to supply LED headlamps to Tesla, the world's largest electric vehicle company, giving new momentum to its automotive electronics business. The deal is the biggest achievement since Samsung Electronics chose the automotive electronics business as its future
The Ministry of Economy and Finance announced that the revised Chiang Mai Initiative Multilateralization (CMIM) became effective on March 31.The CMIM was established in March 2010 as a multilateral currency swap scheme of ASEAN member states, South Korea, Japan and China. It provides up to US$240 bi
The Korea Chamber of Commerce and Industry and the Ministry of Trade, Industry and Energy held their second economic and trade forum with Visegrád Four (Czechia, Hungary, Poland and Slovakia) on Feb. 25 to discuss mutual cooperation in the fields including renewable energy and carbon neutrality. The
A revised agreement of the Chiang Mai Initiative Multilateralization (CMIM) became effective on June 23.The CMIM is a multilateral currency swap agreement of the ASEAN, South Korea, China and Japan. In the CMIM, South Korea can withdraw US$38.4 billion when there is a sign of a financial or currency
A novel breakthrough treatment for Parkinson’s disease has been discovered by a Korean American scientist, Kim Kwang-soo. Professor Kim and his team have successfully found a way to treat Parkinson’s disease, which has been known to be incurable, by reprogramming a patient’s own cells.The Korea Adva
SK Telecom announced on May 20 the results of Barun ICT Research Center’s research on the performance and effectiveness of its Artificial Intelligence Care (AI Care), which recently marked its first anniversary.Launched in April 2019, AI Care is an innovative senior care service that utilizes SK Tel
As the COVID-19 virus is threatening public health around the world, an antibacterial colored steel sheet from Dongkuk Steel is garnering much attention.Dongkuk Steel said on Feb. 24 that its Luxteel Bio is a color steel plate with strong sterilization and antimicrobial effects. The steelmaker used
Battery material suppliers and battery manufacturers are forming long-term partnerships one after another with the global electric vehicle battery (EVB) market expanding at a rapid pace.LG Chem and SK Innovation, the two largest EVB manufacturers in South Korea, have signed long-term supply contract
The Bank of Korea announced on Feb. 3 that its currency swap contract with the Central Bank of Malaysia would be extended for three years.The size of the extended contract is five trillion won as in the case of the contract signed in February 2017. The extended contract is effective until Feb. 2, 20