LS Eco Advanced Materials, a subsidiary of LS Cable & System, announced that it has signed a memorandum of understanding (MOU) with the German-based Vacuumschmelze, the largest permanent magnet manufacturer in Europe, to establish a joint venture corporation.The two companies plan to establish the j
The Korean beauty care industry is turning its eyes to the Japanese market. It is a strategy to try to rebound by targeting Japan as an alternative market as its performance weakened due to a decline in the market share of Korean cosmetics in China.LG Household and Health Care’s cumulative sales thr
After facing performance setbacks last year, Amorepacific is aiming for a rebound in the U.S. market this year.A report released by Kiwoom Securities on Jan. 5 forecasts that Amorepacific’s revenue for this year will be 4.2177 trillion won, with operating profits expected to be 406.1 billion won.In
The author is an analyst for NH Investment & Securities. She can be reached at eunsang.lee@nhqv.com -- Ed.The Seoul office market should remain brisk in 2024. Despite its status as Korea’s largest office REIT player, Shinhan Alpha REIT is showing a 2024E P/NAV of only 0.6x. But, we believe that the
President Yoon Suk-yeol is set to make a state visit to the Netherlands from Dec. 11 to 14, spanning four days and three nights.This marks the first state visit to the Netherlands by a Korean president since the establishment of diplomatic relations between the two countries in 1961. During this vis
The number of venture companies with annual revenue exceeding 100 billion won (US$76.8 million) last year reached the record high of 869, the highest figure in history. The growth rate also set a new record, achieving an unprecedented 17.6 percent increase, or 130 companies, compared to the previous
President Yoon Seok-yeol has announced a prohibition on short selling until fundamental reform measures are established.During his address at the Cabinet meeting held at the Blue House in Yongsan on Nov. 14, President Yoon Seok-yeol stated, “To prevent further damage, we will prohibit short selling
As the U.S. marks one year since the implementation of the Inflation Reduction Act (IRA), sales of eco-friendly South Korean cars in the U.S. have reached an all-time high, securing the industry’s second-highest market share. This development contrasts sharply with concerns raised last August that K
The U.S. government has decided to indefinitely postpone export controls on equipment for Samsung Electronics and SK hynix’s semiconductor plants in China. While there’s some relief in the semiconductor industry, uncertainties over their China plants haven’t entirely vanished, making the incentive f
On Oct. 5, LIG Nex1 held a meeting in MegazoneCloud’s conference room and signed a business agreement with MegazoneCloud and Amazon Web Services Korea for “Future Space and Defense Cloud Transition.”With this agreement, the three companies plan to collaborate on the development of cloud transition t
South Korea’s battery industry is on high alert due to the potential designation of companies as “Foreign Entities of Concern” (FEOC) by the United States. If Chinese companies that supply raw materials and substances to Korean firms get listed as FEOCs, it could hinder these firms from receiving th
Amid the so-called “Huawei Shock,” with the company launching its Mate 60 Pro smartphone equipped with a 7-nm semiconductor, the U.S. is tightening its stance on China. Observers are now keenly watching how far the repercussions of this tension between the two giants will spread.As the end of the U.
On Sept. 13, Doosan Bobcat reported that over a thousand of its employees from business locations in 12 countries worldwide took part in community service activities on Sept. 12. The activities were on a relay that started from Korea and passed through Asia, the Middle East, Europe, Africa, and the
It was reported that production, consumption, and investment had all decreased in July. This simultaneous decline in the three major indicators of industrial activity, which together showcase the vitality of the South Korean economy, is the first since January. Additionally, facility investment reco
President Yoon Suk-yeol has picked up the biotech industry as a future growth driver and is determined to support it. To this end, the government’s budget for biotech R&D for 2024 has been expanded by 12 percent. Starting from 2024, the government will launch large-scale R&D projects to develop vacc
The author is an analyst for NH Investment & Securities. She can be reached at eunsang.lee@nhqv.com -- Ed.Shinhan Alpha REIT is expected to pay out special dividends following the sale of Yongsan The Prime Tower. Amid tight office supply-demand, the company is actively hiking rents. However, rising
E1, a Liquefied Petroleum Gas supplier, has secured clean ammonia from Canada. E1 plans to transport the hydrogen secured in Canada in the form of clean ammonia and use it for the hydrogen charging station business, which is currently under development.On July 18, E1 announced that it had signed an
As Spain has emerged as a new electric vehicle powerhouse in Europe, Korean battery companies are also eyeing the country with more interest than ever.The share of Spain in electric vehicle production in Europe expanded from 0.6 percent in 2019 to 12 percent in 2022, according to KOTRA on July 10. F
The Federation of Korean Trade Unions (FKTU) announced on June 8 that it will launch an all-out struggle against the Yoon Suk-yeol administration following its decision to boycott a meeting of the Committee on Economic, Social and Labor Affairs under the Presidential Office. Following the Korean Con
The brakes were suddenly put on the construction of Lotte Chemical’s new Hecellose plant in Yeosu, South Jeolla Province. Hecellose is a nonionic water-soluble polymer derived from cellulose.The Yeosu City Government ordered Lotte Chemical to stop the project on May 4. This is because Lotte did not