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
Chinese TV manufacturers are aggressively targeting the OLED market, dominated by Samsung and LG, with their large LCD products offered at breakthrough prices.During the “Korea Display Conference” hosted by Omdia in the Seocho district of Seoul on March 13, Park Kyung-sun, director at Omdia Korea, s
Samsung Electronics is severing ties with BOE, China’s largest display company, and is reorganizing its supply chain. This move comes amid ongoing disputes related to technology infringement and rising uncertainties about China due to U.S.-China tensions. Analysts believe that the company aims to re
Japan’s Mitsubishi Motors has decided to exit the Chinese market as local Chinese car brands dominate the scene, tarnishing the reputation of automobile powerhouses like Germany and Japan.According to a report by Japan’s NHK Broadcasting on Oct. 19, sources have indicated that Mitsubishi Motors has
At its "F5G Evolution, Bringing Intelligence Everywhere" Summit held during HUAWEI CONNECT 2023, Huawei shared its F5G application practices with global customers and partners in industries spanning electric power, education, real estate, manufacturing, and healthcare. Furthermore, it launched a var
The author is an analyst for NH Investment & Securities. He can be reached at kyuha.lee@nhqv.com -- Ed.LGD’s 3Q23 results are likely to fall short of consensus due to a drop in sales volume amid panel approval delays from clients. However, thanks to recent client approval, we believe that 4Q23 profi
A passenger found a shard of glass in a coffee served onboard a Korean Air flight. While drinking the coffee, the passenger discovered the glass piece in their mouth. Fortunately, the passenger was not injured but had to vomit out all of the food consumed on the flight due to safety concerns.Accordi
Despite the 3Q off-season, Cosmax is forecast to log solid sales thanks to the popularity of K-beauty and robust exports. Although we maintain a conservative stance regarding the recovery of the Chinese cosmetics market, we favorably note both a rapid improvement in US profitability and strong growt
La Boutique Bleue Cell Beauty (LBB) has inked an export agreement worth 800 billion won with multinational conglomerate Shinwha Group.The Shinwha Group, with which LBB has signed this deal, has overseas subsidiaries in major countries including China, Hong Kong, Vietnam, the U.S., and France. It ope
On Aug. 11, Cosmax, a global cosmetics R&D and production (ODM) company based in Korea, held a ceremony to celebrate the completion of a joint venture factory with Yatsen. It is the largest single cosmetics factory in Asia. With the new plant, Cosmax will expand its presence in the Chinese market.Th
Samsung Electronics is pumping up its efforts to diversify its supply chain for large LCD panels for TVs by lowering its dependence on products from BOE, China’s largest panel maker, which is being engaged in a patent lawsuit with the Korean tech giant. The company is expected to seek to strengthen
Korean industry is experiencing the phenomenon of an exit from China and sluggish exports. While it is positive for corporate Korea to diversify export destinations, it is negative for it to post a drop in exports. Even amid a U.S.-China conflict, voices are being raised to call for attempts to prom
Unlike recent high-profile visits of major U.S. CEOs to Beijing and Shanghai such as Elon Musk of Tesla and Jamie Dimon of JP Morgan Chase, those of major Korean companies with strategic production bases in China have been keeping a low profile. Even if they visit China, they seem to be refraining f
Hyundai Motor Group has established its first overseas hydrogen fuel cell system production base, setting sights on pre-empting the Chinese hydrogen market and accelerating its global hydrogen business.Hyundai Motor Group announced on June 1 that it held a completion ceremony for “HTWO Guangzhou” in
The author is an analyst for NH Investment & Securities. She can be reached at jiyoony@nhqv.com -- Ed.Cosmax recorded solid 1Q23 sales for both Korea and SEA. Despite a heightened cost burden since 2Q22 amid intensifying inflation, leverage effects are anticipated from 2Q23 in response to sales expa
The author is an analyst for Shinhan Securities. She can be reached at hpark@shinhan.com -- Ed.1Q23 OP better than expected, China earnings on a recovery pathCosmax’s consolidated sales came in line with expectations at KRW403.3bn (+1% YoY) in 1Q23, and operating profit fared slightly better at KRW1
LG Display is struggling looking for an exit strategy for its Chinese business amid a prolonged slump in the liquid crystal display (LCD) panel industry. The company is facing various scenarios including, sale to a Chinese company and a large-scale process transformation, as it urgently needs to imp
According to China’s state-run Xinhua News Agency on April 13, President Xi visited LG Display’s factory and the R&D center for electric vehicle Aion under China’s Guangzhou Automobile Group (GAC) as part of a tour of Guangzhou in Guangdong Province of China on April 12.The Chinese political leaders
The author is an analyst of Shinhan Securities. She can be reached at hpark@shinhan.com -- Ed.1Q OP results to fall short but China earnings on a recovery pathWe now expect Cosmax to post consolidated operating profit of KRW 11bn (- 20% YoY) on sales of KRW401.7bn (+1% YoY) for 1Q23, missing the con
The author is an analyst of NH Investment & Securities. She can be reached at jiyoony@nhqv.com. -- Ed. Sales in both Korea and China likely fell short of consensus in 4Q22 due to warm weather and lockdown effects, respectively. In 1Q23, driven by pent-up demand in China, investors should focus on F&