Renault Samsung Motors has taken off “Samsung” from its company name.The company announced on March 16 that it held a “New Start, New Name” event at its Busan plant and confirmed Renault Korea Motors (RKM) as its new name.With the company's name change, the word “Samsung” will completely disappe
Samsung Electronics shipped more LCD panel smartphones than OLED panel models in 2021. The former are relatively cheaper than the latter. As a parts shortage continued around the world, the Korean smartphone giant adopted a cost-cutting strategy to cope with expected smartphone price hikes, analysts
The market for mid-sized 40-inch OLED TVs is growing fast, fueled by an increase in the number of gamers and a spike in demand for second TVs due to COVID-19.Sales of TVs in the 40-inch range are on the uptick. Thus far, screen sizes have kept becoming bigger ang bigger as people across the globe ar
Hyundai Motor Group announced on Feb. 27 that German magazine Autozeitung picked the Ioniq 5 and the EV6 as the best electric SUVs.According to the group, the assessment is divided into the five categories of body, driving convenience, powertrain, economic advantages, and driving dynamics. Ioniq 5 s
KT will participate in this year's Mobile World Congress (MWC), which will be held for the first time in three years.KT announced on Feb. 20 that it will run an exhibition hall at MWC 2022, which will run in Barcelona, Spain, from Feb. 28 to March 3 (local time). The KT exhibition hall, formed u
- Saudi’s largest 400,000m²-sized casting & forging facility to be built with the annual capacity to produce 60 thousand tons of castings & forgings- Global market to be targeted together with local SMEs for manufacturing facility construction and equipment supplyDoosan Heavy Industries & Constructi
The author is an analyst of NH Investment & Securities. He can be reached at ys.jung@nhqv.com -- Ed. Doosan Fuel Cell’s 4Q21 results fell short of consensus. We lower our TP from W67,000 to W53,000. However, mid/long-term sales growth and new product lineup expansion are in progress.In light of decl
LG Display will supply OLED panels based on low-temperature poly-crystalline oxide (LTPO) technology to Apple for the iPhone 14 series, which will be launched in the second half of 2022, industry sources said on Feb. 8.LTPO is a next-generation thin film transistor (TFT). A TFT serves as an electric
The author is an analyst of NH Investment & Securities. He can be reached at jooyh@nhqv.com. -- Ed. Earnings for both Hotel Shilla’s DFS domain and its hotel business are consistent with our estimates. There is some negative investor sentiment towards the DFS industry due to stricter regulations on
Corporate interest in private 5G networks is growing. Private 5G or local 5G refers to 5G communication networks built and operated by businesses in limited areas to utilize 5G's high speed, ultra-low latency and ultra-connectivity.Earlier, at the end of 2021, Naver Cloud was selected as the fir
George Mason University Korea (Mason Korea) announced on Jan. 27 that it has signed a memorandum of understanding (MOU) with the Korea Data Agency (K-DATA) to strengthen cooperation in various areas, including providing internships at data companies and faculty-led business consultation.Through this
Samsung Display predicted that the mass production of quantum dot (QD) displays will partially decrease losses of its Large Display Business Unit.The company disclosed the performance of its Display Business Division in a conference call on Jan. 27. In the fourth quarter of 2021, the division’s sale
GS Engineering & Construction (GS E&C) will export renewable green hydrogen plant modules to California of the United States. It will mark the first time for a Korean construction company to export hydrogen plant modules.GS E&C announced on Jan. 24 that it has signed a memorandum of understanding (M
Doosan Heavy Industries & Construction (DHIC) has launched a casting and forging joint venture in Saudi Arabia in partnership with Saudi Arabian Industrial Investments Company (Dussur) and Saudi Aramco Development Co.The joint venture company, dubbed TUWAIQ Casting & Forging, will utilize DHIC’s tec
LIG Nex1 announced on Jan. 17 that it has signed a contract to export 2.6 trillion won worth of the Cheongung II mid-range surface-to-air guided weapon systems to the United Arab Emirates (UAE).The Cheongung II is a medium-range and medium-sized surface-to-air intercept system developed with Korean
Hanwha Systems announced on Jan. 13 that it has successfully passed a performance verification test for its directional infrared counter measures (DIRCM), a system that protects aircraft from infrared homing missiles.The test was conducted by the Agency for Defense Development (ADD), which awarded t
The North Face brand of Youngone Outdoor Co. has stopped selling products with a design similar to that of a small and medium-sized company.The outdoor clothing brand announced on its website on Dec. 31, 2021, that it had permanently stopped selling its products with the motif of the Gungon Gamri pa
Hyundai Engineering has completed the construction of a US$2.62 billion gas-to-liquid (GTL) plant in Uzbekistan.The company announced on Dec. 28 that it held a ceremony to mark the completion of Uzbekistan GTL with the attendance of Uzbek President Shavkat Mirziyoyev, Uzbek Prime Minister Abdulla Ar
LG U+ announced on Dec. 26 that it has signed a business agreement on the development of AI differentiation solutions and specialized mission equipment for 5G-based smart drones with the Industry-Academic Cooperation Foundation at Korea Aerospace University and Quaternion.LG U+ loaded 5G mobile comm
Samsung Electronics has become the first Korean company to surpass US$110 billion in annual exports. The company alone accounted for one sixth of Korea's estimated total exports of US$636.2 billion (757 trillion won) for 2021. The figure surpasses all exports of Korea’s small and medium-sized en