As POSCO Holdings announced its first quarterly earnings under new Chairman Jang In-hwa, control of business development speeds by business division has become a hot topic.The company has set an investment budget of about 10.8 trillion won for this year, but the amount is likely to be reduced. The p
The author is an analyst for NH Investment & Securities. He can be reached at youngryu@nhqv.com. -- Ed.Noise appearing here and there; market expectations being adjustedAfter ASML and TSMC announced weaker-than-expected 1Q24 results and negative market outlooks, tech firms have experienced overall s
The number of affiliates belonging to Korea’s conglomerates crossed 3,000 for the first time in 2023. The increase is the result of business diversification in response to an unstable global business environment, but the increase has generated many negative side effects.As of May 2023, the number of
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)
LG Group has decided to invest approximately 100 trillion won domestically over the next five years. This figure represents a slight decrease from previous investments, with half of it allocated for artificial intelligence (AI), biotechnology, and batteries.On March 27, LG Corporation, the holding c
According to sources from the battery and investment banking (IB) industries on March 24, it has been confirmed that SK on is in the final stages of securing US$1.1 billion in funding.Firstly, SK on secured a US$400 million loan through Shinhan Bank last month, which was then transferred to its U.S.
POSCO Holdings, the holding company of POSCO Group, elected Chang In-hwa as its chairman in a general shareholders meeting and a Board of Directors meeting at the POSCO Center in the Gangnam district of Seoul on March 21. Chang will serve a three-year term.Tough challenges are facing Chang, who star
A medical waste treatment system, which is capable of 99.9999 percent sterilization by using high-temperature and high-pressure steam, has been developed for the first time in the country.The Korea Institute of Machinery and Materials (President Seog-Hyeon Ryu, hereinafter referred to as KIMM), an i
Choi Yoon-ho, president and CEO of Samsung SDI, announced on March 6, at the opening ceremony of InterBattery 2024, the largest battery exhibition in South Korea held in COEX, Gangnam, Seoul, that “46 mm diameter batteries will be sufficiently ready for mass production by early 2025,” and the exact
The Korea Development Institute (KDI) has maintained its economic growth forecast for South Korea at 2.2 percent for this year. However, it has slightly lowered its forecast for private consumption, citing prolonged high interest rates as a contributing factor.According to the “Economic Outlook” rel
The author is an analyst for NH Investment & Securities. He can be reached at jaekwang.rhee@nhqv.com -- Ed.Both 4Q23 and 2023 earnings reached historic highs. This year, earnings should remain steady, with share price momentum being driven by an uptick in overseas orders. KAI is targeting 2024 aircr
Sam Altman, the CEO of OpenAI and a key figure in the global spread of generative AI sparked by ChatGPT, is visiting South Korea on Jan. 26. This visit follows his recent proposal to shake up the industry with the establishment of a global AI semiconductor production network.According to the semicon
Huawei held a conference on the Top 10 Trends of Data Center Facility in 2024 and released the corresponding White Paper. At the conference, Yao Quan, President of Huawei Data Center Facility Domain, defined the three characteristics of future data centers: reliable, simplified, and sustainable. Yao
Last month witnessed a turnaround in domestic production and consumption with an increase, while investments declined for the second consecutive month.According to the “Industrial Activity Trends for November 2023” report released by Statistics Korea on Dec. 28, overall industrial production, exclud
WASHINGTON—In advanced industries such as computers and electronics, motor vehicles, and machinery and equipment, South Korea’s economy is 77 percent stronger than the relative global average, ranking second behind only Taiwan, according to a new report from the Information Technology and Innovation
The valuation of India’s largest edtech startup, which received investment from Mirae Asset, has plummeted by 86 percent in a year. Experts estimate that Mirae Asset, which invested in the company in 2021, has lost over 80 percent of its investment.India’s largest edtech startup “Byju’s,” which Mira
SK hynix is poised to commercialize its newly developed bio image sensor, aiming to secure a stronger position in the global market by not only focusing on mainstream smartphone and automotive image sensors but also pioneering unique product lines.On Nov. 21, it was reported that SK hynix unveiled i
The author is an analyst for NH Investment & Securities. He can be reached at jiyoony@nhqv.com -- Ed.In 3Q23, Youngone’s OEM division sales slowed down first time in 10 quarters. Given the industry-outpacing OEM sales clip over the past 2 years, short-term negative effects are inevitable. But, given
We lower our TP on SK Innovation to W190,000. Although operating losses at the battery business narrowed in 3Q23, expectations for the pace of earnings improvement need to be reduced. Nevertheless, profitability remains on an uptrend thanks to battery facility yield improvement and US sales expansio