Seoul Mayor Oh Se-hoon held a press briefing at Seoul City Hall on April 24 to announce a comprehensive plan to develop the Han River. The plan is a sequel to the Great Han River Project launched in March last year with the goal of creating a waterfront city in Seoul.Accordingly, the city aims to cr
The exchange rate between the Korean won and the U.S. dollar has surged by more than 7 percent this year, surpassing the magnitude of the increase during the global financial crisis from 2008 to 2009.On April 19, the won-U.S. dollar exchange rate concluded trading at 1,382.2 won in the foreign excha
The Korea Research Institute of Ships and Ocean Engineering (KRISO) announced on April 16 that it has launched a new research program aimed at developing core technologies for small modular reactor (SMR)-powered ships and floating SMR power generation platforms from this year through 2028.SMRs, a ze
HD Hyundai Group’s shipbuilders have achieved 73 percent of this year’s order target in the first 100 days of this year. In particular, they are enjoying a boom in eco-friendly ships for the first time in 15 years, as they have been selecting only high-value-added vessels to fill its docks.According
The author is an analyst for NH Investment & Securities. He can be reached at kyeongkeun.kang@nhqv.com -- Ed.Specialized in rechargeable battery safety solutions, Inics manufactures battery cell pads and fire-resistant barriers. It has successfully secured an initial market for EV safety-related com
Samsung Heavy Industries has secured an order worth about 2 trillion won for a Floating Liquefied Natural Gas (FLNG) facility. With this order, Samsung Heavy Industries now commands 71% of the global market share for new FLNG construction contracts.On Jan. 2, Samsung Heavy Industries disclosed that
SK ecoplant is positioning itself as a domestic powerhouse in offshore wind power, one of the most prominent eco-friendly energy business alongside the solar power business. SK ecoplant is jointly developing an offshore wind power ocean energy project. The project is to build floating and fixed offs
Offshore plants, the main cause of the shipbuilding industry’s prolonged recession, are making a comeback. Demand for offshore plants is changing from oil to eco-friendly energy such as offshore wind power and liquefied natural gas (LNG). It is expected to become a new growth driver for Korean shipb
S-OIL and the Korea National Council for Social Welfare (Chairman Kim Sung-i) presented the awards to eight hero firefighters, including the Best Hero Firefighter, and a combined 90 million won in cash prizes at the 2023 Hero Firefighters Award Ceremony held at the 63 Building in Seoul. S-OIL presen
SK earthon, a subsidiary of SK innovation dedicated to resource development, announced on Nov. 22 that it has started the shipment of crude oil produced from the Lufeng 12-3 oil field in Block 17/03 located in the northeastern South China Sea. The production of this crude oil, which commenced in Sep
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 ys.jung@nhqv.com -- Ed.Combined new orders for the three major domestic shipbuilders in 2023 are expected to exceed guidance. Orderbooks should expand in 2024, led by strong LNGC demand. Results for 3Q23 show full-scale re
The persistent manpower shortage in South Korea’s shipbuilding industry is gradually being addressed, leading to an acceleration in ship construction. Compared to last year, about 36% more ships are being built monthly. The increase is attributed to the government’s easing of domestic employment con
SK hynix announced on September 14th that it has co-published a white paper with Intel which reveals that its DDR5 server DRAM applied to Intel’s CPUs demonstrated industry-leading performance levels. This white paper was released simultaneously on the SK hynix and Intel websites.The two companies h
The author is an analyst for NH Investment & Securities. He can be reached at kyeongkeun.kang@nhqv.com -- Ed.Millie’s Library is an e-book subscription platform boasting outstanding market share. Key indicators for the firm (eg, monthly average free-to-paid conversion rate and repeat subscription ra
POSCO E&C announced on Aug. 24 that it signed an agreement with Equinor, a leading global company in the offshore wind power sector, on Aug. 23 to drive the “Ulsan Bandibuli (firefly)” project, the world’s largest floating offshore wind power venture.Through this agreement, POSCO E&C plans to establ
Superconductors, materials that suffer no energy loss due to electrical resistance, have traditionally been limited to novel technologies such as maglev trains. It was challenging to make superconductor technology economically viable.However, recent research by South Korean teams implementing superc
Twelve executives, including the CEO of Saudi Arabia’s Neom, visited Seoul on the occasion of the Neom City exhibition, the first of its kind in Asia.Holding a media conference on July 25, the day before the opening of the Neom exhibition at Dongdaemun Design Plaza (DDP) in Seoul, the executives emp
Korea Hydro & Nuclear Power (KHNP) is aggressively driving the development of small modular reactors (SMRs) in collaboration with the private sector. With the goal of leading a market worth 630 trillion won (US$497.24 billion), Korea aims to establish a presence in it.According to KHNP on July 19, K
The following article was written by James Tosdevin, a teacher and the Senior School Global Citizenship and Sustainability Lead at Dulwich College Seoul.From one extreme weather event to another, we are constantly reminded that the climate crisis is real and that we need to act immediately. One of h