The author is an analyst for NH Investment & Securities. He can be reached at junsup@nhqv.com -- Ed.We believe that Samsung Life will boast the most visible and active shareholder return among major insurance plays. However, with such expectations already partially reflected, the firm’s share price
A medical waste treatment system, which is capable of 99.9999 percent sterilization by using high-temperature and high-pressure steam, has been developed for the first time in the country.The Korea Institute of Machinery and Materials (President Seog-Hyeon Ryu, hereinafter referred to as KIMM), an i
SK innovation has liquidated its Chinese battery subsidiary.According to the Financial Supervisory Service’s electronic disclosure system on March 12, SK innovation has liquidated its China-based subsidiary Blue Dragon Energy. It has been six years since the company invested 580 million yuan in Blue
LG Chem, Korea’s largest petrochemical company, will shut down its styrene monomer (SM) plant at the end of March. SM is widely used in the manufacture of various petrochemical products. The company is also reportedly considering abandoning production of ethylene oxide (EO) and ethylene glycol (EG),
Hyundai Motor Group will launch a large-scale electric vehicle recall. It is the largest voluntary recall in three years since the automaker entered the market with an electric vehicle-only platform (E-GMP) in 2021. Hyundai and Kia will replace faulty integrated charging control units (ICCUs) in som
LG Electronics will invest US$60 million in AI-based autonomous service robot startup Bear Robotics based in Silicon Valley of the United States.LG Electronics announced on March 12 that it has entered into a share subscription agreement to invest US$60 million in Bear Robotics to acquire a stake in
The 2024 season opening of the Lamborghini Super Trofeo racing series, hosted by Italian supercar brand Automobili Lamborghini S.p.A and exclusively supplied with racing tires by the world’s leading tire company Hankook Tire & Technology (Hankook Tire), will be held in Florida, USA for three days, f
Taiwan’s TSMC, the worldwide leader in the semiconductor foundry industry, has surpassed 60 percent of the market share, widening its gap between with second-ranked Samsung Electronics. In the fourth quarter (October-December) of 2023, the foundry market grew about 8 percent from the previous quarte
As the global semiconductor war has become a hot race among nations, major countries such as the United States, China, and Japan have been providing large cash support to their own companies or foreign companies that make investments in their semiconductor industries to boost the growth of their sem
Coupang announced on March 11 that it has expanded its “Rocket Direct Purchase” service to Japan. The company has been expanding its direct purchase regions, starting from the United States in 2017, followed by China in 2021 and Hong Kong in 2022.Coupang’s decision to add Japan to its Rocket Direct
To strengthen its global operations, Shinhan Bank is accelerating the development and marketing of products targeting local customers, including the launch of digital loan products overseas.According to Shinhan Bank on March 12, Shinhan Bank Indonesia is partnering with local fintech platform compan
POSCO International has embarked on expanding its electric vehicle component business by signing a contract worth 1.16 trillion won (US$882.46 million) for the supply of rare earth permanent magnets for electric vehicles.The company announced on March 12 that its U.S. subsidiary has recently secured
The Korea Chamber of Commerce and Industry announced on March 12 that it appointed Vice Chairman Cho Hyun-sang of Hyosung as the new chairman of the Korea-Vietnam Economic Cooperation Committee on March 11.The Korea-Vietnam Economic Cooperation Committee was jointly established by the Korea Chamber
Korea and ASEAN member countries are meeting in Jakarta, Indonesia, on March 12 to assess the implementation of the Free Trade Agreement (FTA) and discuss measures for upgrading the agreement.The Ministry of Trade, Industry, and Energy announced that it will host the Korea-ASEAN Free Trade Agreement
As the production timeline for the next-generation High Bandwidth Memory (HBM) approaches, announced by major memory semiconductor companies, these companies are ramping up efforts to improve yield rates.According to industry sources on March 12, major memory semiconductor companies like Samsung Ele
Despite a slowdown in electric vehicle (EV) demand, Panasonic, a Japanese battery company, is considering further investment in its De Soto, Kansas, factory in the United States to increase production capacity for the 4680 cylindrical battery, which has five times the energy capacity of existing bat
After a period of downturn due to economic slowdown and weak demand for IT devices, the display industry is on the verge of a significant rebound. The surge in demand for Organic Light Emitting Diode (OLED)-based displays for laptops and tablets, driven by the artificial intelligence (AI) boom, is a
Samsung Group’s electronics affiliates are joining forces to expedite the commercialization of glass substrates, a material used in semiconductor packaging, by establishing a united front for joint research and development (R&D). This strategy aims to achieve commercialization faster than semiconduc
Samsung Electronics and SK hynix have reportedly stopped selling their old semiconductor equipment to China. The move comes in response to the United States urging them to align with its controls on semiconductor exports to China.The Financial Times (FT) cited several industry insiders on March 12 s
Global Con-tech Company Angelswing has won first in the ‘Rocket Fuel Pitch Competition’ at Saudi's LEAP 2024, securing the Technology for Humanity Award.LEAP 2024, held under the auspices of the Saudi Ministry of Communications and Information Technology (MCIT) from the 4th to the 7th of March in Ri