Hyundai Glovis has secured four of the world’s largest pure car and truck carriers (PCTCs). They are expected to help alleviate a shortage of vessels for the Korean automobile industry.Hyundai Glovis announced on Feb. 6 that it signed a memorandum of understanding (MOU) with Korea Ocean Business Cor
HD Hyundai announced on Jan. 28 that it held a naming ceremony for a 16,200 TEU methanol-powered super-sized container ship at HD Hyundai Heavy Industries in Ulsan, Korea.Measuring 351 meters in length, 54 meters in width, and 33 meters in height, the vessel is the first of the 18 mega container shi
Despite a global economic slowdown, Samsung Electronics and LG Electronics have maintained their lead in the global TV market. Both companies especially showed strong competitiveness in the high-end premium TV segment.According to the market research firm Omdia on Nov. 21, Samsung Electronics record
After HD HHI won a provisional contract to build 17 liquefied natural gas (LNG) carriers from Qatar Energy in October, renegotiations kicked off between the two companies to discuss heightening specifications.Qatar Energy has recently started renegotiations with HD HHI to build 17 LNG carriers with
The Korean government will listen to the opinions of experts from various sectors to spread super-sized artificial intelligence (AI) not only to the science and technology fields but to all aspects of society such as law, medicine, education, and defense. It is planning to launch a project to suppor
HD Korea Shipbuilding & Offshore Engineering (KSOE), the intermediate holding company of HD Hyundai, has surpassed its annual order-taking target of US$15.74 billion this year. This marks the third consecutive year of attaining the goal earlier than expected, following 2021 and 2022.In a public disc
As Samsung and LG are intensifying their strategies to capture the global market for Organic Light-Emitting Diode (OLED) TVs, Japanese companies such as Sony and Sharp are tightening their pursuit. This mirrors previous competition between the two countries in the Liquid Crystal Display (LCD) market
KT Group will invest 15 billion won in Moreh, a Korean artificial intelligence (AI) infrastructure software company. The company plans to make a major change in domestic AI service and solution ecosystems that rely on Nvidia’s software by joining forces with companies with unique technologies in the
LG unveiled EXAONE 2.0, a super-sized artificial intelligence (AI) service that can be used to develop new materials, new substances, and new drugs, among other things.The LG AI Research Center unveiled EXAONE 2.0 at the LG AI Talk Concert 2023 at the LG Science Park Convergence Hall in Magok, Seoul
The author is a fixed income strategist of Shinhan Investment Corp. He can be reached at jk.ahn@shinhan.com. -- Ed. Concerns over US recession to grow regardless of July rate hikeThe market’s focus is back on US monetary policies. The Consumer Price Index (CPI) in the US rose 9.1% YoY in June, marki
Korea Shipbuilding & Offshore Engineering (KSOE), an intermediate holding company in charge of the shipbuilding business of Hyundai Heavy Industries Group, attained 94 percent of its order target for 2021 as of July 2. Accordingly, the shipbuilder is highly likely to exceed this year’s order goal.KS
Korea Asset Management Corp. (KAMCO) announced on April 1 that it has signed a new ship financing contract worth US$180 million with Pan Ocean.KAMCO will establish Korea Tonnage Newshipbuilding Funds 1 and 2, which will be used to support the construction of two 300,000-ton super-sized oil tankers.T
HMM is moving to expand its bulk ship business, which is not its core business, in a bid to secure a stable source of sales.The shipping company has recently inked a long-term oil transportation contract worth 630 billion won with GS Caltex for 10 years. The shipping company will lease three VLCCs f
LG Electronics announced on March 1 that it will release an increased number of OLED TV models with lowered prices in 2021.The company will sequentially launch a total of 18 models this year, six more than 2020. They will include 11 super-sized models with 70-inch or bigger screens in the Korean mar
Korea Development Bank (KDB) is planning to sell off HMM (formerly known as Hyundai Merchant Marine) to POSCO. KDB, the largest shareholder of HMM, plans to privatize HMM by handing over all of its shares to the steelmaker."KDB recently reported an HMM privatization plan to the Ministry of Strategy
Daewoo Shipbuilding & Marine Engineering (DSME) said on Dec. 3 that it has won a 282 billion won order for three super-large crude carriers from ADNOC, a state-run oil company in Abu Dhabi, the United Arab Emirates (UAE).The crude carriers satisfy the second phase of the Energy Efficiency Design Ind
The author is an analyst of NH Investment & Securities. He can be reached at junsup@nhqv.com. -- Ed. Securities players shifted to capital investment-centered business model in 2014The increase in trading value in recent months has been helping securities players to weather the Covid-19 crisis. In 1
The South Korean government plans to develop 5G-based autonomous driving services for limited spaces, including ports, factories, and campuses, by 2021. It also plans to develop by 2026 5G-based vehicle to everything (V2X) communication technology and a 5G-based control system to realize autonomous
Korea’s three major shipbuilders are looking forward to a big order for liquefied natural gas (LNG) carriers from Qatar Petroleum (QP), a state-owned oil company in Qatar which has recently decided to mass-produce LNG.QP officials recently visited Hyundai Heavy Industries, Daewoo Shipbuilding and Ma
Samsung Electronics has regained its pride as the world's top TV maker. According to electronics industry analysts on Nov. 19, Samsung Electronics boosted its share of the global market for high-end TVs costing US$1,500 or more per unit to 50 percent in the first half of this year. Samsung's