Volvo Group Korea, a specialized excavator manufacturer, announced on April 24 that it has completed the construction of Asia’s first group battery pack production facility at its Changwon Plant in South Gyeongsang Province, South Korea.On April 23, Volvo Group Korea held a ceremony at the Changwon
As the final bid for the sale of Asiana Airlines’ cargo business approaches, attention is turning to the future owner. The acquisition is expected to amount to around 1 trillion won, including debt. Out of the four low-cost carriers (LCCs) that have entered the bidding, three are experiencing capita
Both Samsung Electronics and SK hynix, the two leading semiconductor giants in South Korea, closed lower. The decline was influenced by a simultaneous sharp drop in semiconductor stock prices, with Nvidia falling by 10 percent in the U.S. market.In the KOSPI market on April 22, Samsung Electronics c
As Samsung Electronics launches its new all-in-one personal computer (PC), Intel, the provider of the central processing unit (CPU), has announced its intention to work with Samsung Electronics to develop the AI PC market together.Bae Tae-won, vice president of the Intel Korea Samsung Business Divis
The Federation of Korean Industries (FKI) will hold a seminar on “Global Economic Turbulence: Prospects and Implications for the World and Korean Economy” from 09:30 on Tuesday, April 30 at the FKI Tower Conference Center in Yeouido.The seminar is being held to assess the global economic impact of r
It has been revealed that the four American “big tech” companies -- Apple, Microsoft, Google, and Meta -- collectively garnered around 9 trillion won in sales and about 600 billion won in operating profit in South Korea over the past year.According to the audit reports disclosed in the Financial Sup
It has been revealed that both individual investors and institutional investors in South Korea earned over 100 trillion won through overseas stock and fund investments last year.According to the international investment position report from the Bank of Korea on April 21, the balance of equity securi
The 21st Huawei Analyst Summit (HAS) kicked off in Shenzhen. Themed "Thrive with Intelligence", the event brought together more than 500 analysts, think tank researchers, and other guests from around the world to explore what's coming next in the age of intelligence, where the ICT industry is headin
The water industry is generally defined as the business of producing and supplying potable water and industrial water needed for households and industries, as well as transporting and treating wastewater. The water industry is expected to steadily grow due to factors such as worsening water scarcity
Much attention is paid to geopolitical risks in the Middle East, which have accounted for the largest share of overseas construction orders to Korean construction companies in the first quarter of this year.A total of 183 Korean construction companies won 171 orders in 63 countries around the world
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
Anticipations are growing for the Korean shipbuilding industry’s entry into the U.S. warship maintenance, repair and overhaul (MRO) business as the U.S. Secretary of the Navy, who is in charge of the U.S. Navy’s weapons procurement and budget, has praised the capabilities of the Korean shipbuilding
The author is an analyst for NH Investment & Securities. He can be reached at ys.jung@nhqv.com -- Ed.Basking in an absence of one-off issues in 1Q24, SHI’s shipbuilding volume and margins are expanding. Having already won 40% of its 2024 order target, the firm should see its full-year order intake r
Partnerships to develop purpose-built vehicles (PBVs) to build an eco-friendly logistics system are growing between the automotive industry and logistics companies. This is due to rapidly increasing demand for electric trucks instead of diesel trucks in line with a global carbon neutrality initiativ
Domestic sales and exports of electric vehicles plummeted in the first quarter of 2024, while sales of hybrid vehicles ballooned. The analysis is that hybrid vehicles, which are more fuel-efficient and environmentally friendly, are becoming a substitute as electric vehicles have fallen into a chasm
In a case brought by the U.S.-based hedge fund Mason Capital Management against the South Korean government through the Investor-State Dispute Settlement (ISDS) system, it has been ruled that the South Korean government must compensate it 43.8 billion won (US$31.97 million). The ruling has partially
With China dominating the large-sized Liquid Crystal Display (LCD) panel market, it has now firmly set its sights on expanding its territory in the ultra-large TV market. This move is putting pressure on the pursuit by Samsung Electronics and LG Electronics.According to market research firm Omdia on
Thanks to the rise in TSMC’s stock price, the market capitalization gap between the Taiwanese and South Korean stock markets has widened to its largest extent in at least 21 years since 2003.According to Bloomberg, the market capitalization of the Taiwan Stock Exchange Capitalization Weighted Stock
Lee Boo-jin, CEO of Hotel Shilla, is selling her 5,247,140 shares of Samsung Electronics through off-hours bulk trading, commonly known as block deals. The CEO has consistently been divesting stakes in Samsung Electronics and its affiliates to secure funds for hefty inheritance tax payments.Accordin
The combined market share of the top three Korean battery makers is on a steady decline.SNE Research announced on April 8 that the total battery usage of electric vehicles registered in the world was about 92.4 GWh, up 27.0 percent year on year in January and February.The share of the top three Kore