Chinese electric multiple unit rapid transit cars, which dominated the U.S. electric rapid transit car market through price war, are being withdrawn from the market one after another due to safety issues and rising costs. Hyundai Rotem, which has struggled due to the price war, is aggressively pursu
The author is an analyst for Shinhan Securities. He can be reached at ldh@sinhan.com -- Ed.1Q24 review: OP of engines surpasses construction equipmentHD Hyundai Infracore posted sales of KRW1.16tr (-10% YoY), operating profit of KRW92.8bn (-39% YoY), and operating margin of 8% (-3.8%p YoY) for 1Q24.
Interest in the Chinese e-commerce platform that surged in the Korean market with its low-price strategy appears to be waning. The average usage time for the AliExpress app (combining Android and iOS) has plummeted to levels last seen three years ago, and the transaction volume is also at a meager l
In South Korea, Samsung Galaxy is the overwhelming choice among smartphone users, while Apple’s iPhone is more popular among unmarried females and members of households with middle or higher incomes, especially those under 20.On April 21, industry reports revealed that the Korea Information Society
Among the member countries of the Organization for Economic Cooperation and Development (OECD), the South Korean won was revealed to be the fifth most undervalued, while among the Group of Twenty (G20) nations, it ranked as the fourth most undervalued.According to the Bank for International Settleme
In the wake of overcoming a slump in the Chinese market, South Korea’s cosmetics exports have successfully diversified into markets such as the U.S., Japan, and Vietnam, showcasing a positive growth trend. According to a report released on April 18 by the Korea International Trade Association’s Inte
The Biden administration is likely to grant Hanwha Q CELLS’ request to impose tariffs on bifacial solar panels imported into the United States, according to sources cited by Reuters on April 17. On Feb. 23, Hanwha Q CELLS formally petitioned the United States Trade Representative (USTR) to revoke th
In 2023, about 20 percent of the 1.43 million resident foreigners in Korea obtained Korean language proficiency test ratings. The biggest share was taken by international students studying in Korea among them. The largest number of them earned a Level 4 rating.According to the results of the 2023 Im
With U.S. President Joe Biden directing the Office of the U.S. Trade Representative (USTR) to triple tariffs on Chinese steel and aluminum, attention is turning to impacts the action will have on Korea’s steel industry.According to the Korean government and the Korean steel industry on April 17, the
In the realm of emerging artificial intelligence startups, South Korea lags behind China and India in terms of scale, a recent survey reveals.On April 17, the Singapore-based tech news outlet Tech in Asia released a list of the Top 50 AI Startups in Asia receiving the most investment. China leads wi
“Through the SmartThings ecosystem, Samsung is connecting everything from smartphones to refrigerators,” said Han Jong-hee, vice chairman and head of Device Experience (DX) at Samsung Electronics. “Just doing this well makes us a worthy competitor to Apple,” he added during a press briefing held in
Domestic semiconductor design houses are accelerating their expansion into the global market with plans to diversify their revenue sources by targeting overseas fabless semiconductor design companies.Industry sources revealed on April 16 that Samsung Electronics’ Foundry Business Unit’s Design Solut
Samsung Electronics announced on April 15 that it is investing US$40 billion in its semiconductor factory in Taylor, Texas, which is more than double its initial plan of US$17 billion. The U.S. government has offered a higher subsidy ratio (16% or US$6.4 billion) compared to Intel and TSMC, and the
It has been more than a month since AliExpress received a voluntary agreement proposal from the Korea Consumer Agency (KCA) to block hazardous and harmful products but the agreement has not yet been signed yet. Recently, AliExpress has been caught selling deleterious products one after another and i
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
With Coupang significantly increasing the subscription fee for its paid membership service, “Wow Membership,” last week, a “membership showdown” has commenced in the retail industry. This move comes amid continued aggression from Chinese e-commerce giants such as AliExpress and Temu, expanding the f
Last year, South Korea’s secondary battery exports declined for the first time in eight years, not due to weakened industrial competitiveness but as a result of increased overseas production.According to the report “Factors Influencing Changes in Secondary Battery Exports and Future Directions” publ
Samsung Electronics’ newly launched “Galaxy S24 series” has enabled the company to reclaim its position as the global leader in the smartphone market in the first quarter of this year, overtaking Apple after two quarters.According to market research firm IDC on April 15, Samsung Electronics’ smartph
The U.S. Department of Commerce’s Bureau of Industry and Security (BIS) escalated tensions in February by adding an additional six Chinese companies to its blacklist, following the earlier inclusion of eight companies. With these new additions, the Biden administration has now blacklisted a total of
Following its supply of a 27-inch Organic Light Emitting Diode (OLED) display to Hyundai Motor’s Genesis last year, LG Display recently secured an order for a large Liquid Crystal Display (LCD) from a foreign premium automaker. This display, being the longest among the automotive displays produced b