Hironic, a specialist in beauty medical devices, announced the signing of a four-party memorandum of understanding (MOU) on Jan. 31 at the JW Marriott Hotel Seoul with the City of Taylor, Texas in the U.S.; Mastern America LLC; and The Economic Development Corporation (EDC) of Taylor, Texas.This MOU
The U.S. semiconductor equipment industry has voiced the opinion that companies from allied countries, including South Korea and Japan, should also be subject to the same level of comprehensive regulations that they face in the process of exporting to China. There is speculation within South Korea t
ASML Korea’s President, Lee Woo-kyung, disclosed before attending the SEMICON Korea 2024 Industry Leadership Dinner held at the Grand InterContinental Seoul Parnas in the Gangnam district of Seoul, on the last day of January, “We are looking at the year 2027 to bring in the High-Numerical Aperture (
Sam Altman, CEO of OpenAI, who visited Korea to expand the artificial intelligence semiconductor ecosystem and met with top executives of Samsung Electronics and SK hynix, is now set to visit American semiconductor firm Intel.According to industry sources on Feb. 1, Intel CEO Pat Gelsinger announced
Samsung Electronics has partially halted the construction of its fifth semiconductor plant in Pyeongtaek, Gyeonggi Province.According to industry sources on Feb. 1, Samsung C&T sent a notice to some subcontractors at the construction site of the fifth plant on Jan. 30, stating that “due to the circu
U.S. President Joe Biden smiles in the Roosevelt Room of the White House as he listens to a presentation by Chey Tae-won, the chairman of SK Group, via video on July 26, 2023.SK hynix is contemplating the establishment of a semiconductor packaging plant in the United States.According to multiple for
Competition to land a nuclear power plant order from the Czech Republic has been reorganized into a two-runner race between Korea and France after the United States has withdrawn from the competition. The scale of the nuclear power plant project has also increased from one to four reactors and the p
The sale of ECORBIT, which is considered the key element in the normalization of Taeyoung Engineering & Construction, is gaining momentum with the selection of lead managers. UBS and Citigroup Global Markets Securities, two global investment banks (IBs), have been assigned the task.According to sour
Cho Dong-chul, the president of Korea Development Institute (KDI), publicly issued a stark warning on government debt, going so far as to state, “The country will collapse.” In particular, he cautioned that South Korea’s national debt-to-gross domestic product (GDP) ratio could skyrocket to over 250
SK Networks, through its US affiliate, which has expanded direct and indirect investments in early-stage companies home and abroad, harnessing its global network and investment management processes, has successfully attracted external limited partners (LPs), a rare move in the world of corporate ven
Korean Air has received approval for its merger with Asiana Airlines from Japan’s competition regulator, facing the final hurdle in its quest to become Korea’s megacarrier.The Japan Fair Trade Commission (JFTC), Japan’s competition authority, approved the merger of Korean Air and Asiana on Jan. 31.T
The author is an analyst for NH Investment & Securities. He can be reached at bk@nhqv.com -- Ed.The two terms that defined last year’s stock market were ‘new cold war’ and ‘supply chain reshaping’. In 2024, decoupling between DMs and EMs is to become a new market-defining feature. Today, the US’s bu
Doosan Bobcat has successfully commercialized Korea’s first hydrogen forklift.Doosan Bobcat announced on Jan. 31 that they held a “First Hydrogen Forklift Rollout Ceremony” at their forklift factory in Incheon on Jan. 30.The shipped first hydrogen forklift from Doosan Bobcat is a 3-ton model equippe
SK hynix has announced plans to release its 5th generation High Bandwidth Memory (HBM), named HBM3E, this year, and aims to launch HBM4 by 2026.Kim Chun-hwan, vice president of SK hynix, revealed these plans during his keynote speech at SEMICON Korea 2024, held at COEX in the Samseong neighborhood o
South Korean trading firm SK Networks is joining hands with the Bow Capital, the U.S.-based venture capital firm, to pursue a transformation into an investment company focused on the artificial intelligence (AI) sector.SK Networks announced the signing of a memorandum of understanding (MOU) for the
CJ Logistics announced on Jan. 31 that it has entered into a strategic partnership for logistics cooperation with Saigon Co.op, a Vietnamese state-owned retail chain giant.Through this partnership, both companies plan to establish a joint task force to collaboratively operate a new logistics center
The author is an analyst for Shinhan Securities. She can be reached at hpark@shinhan.com -- Ed.4Q23 OP falls short due to inventory adjustments at distributorsAmorepacific posted consolidated operating profit of KRW20.7bn (-64% YoY) on sales of KRW926bn (-15% YoY) for 4Q23, missing our estimate (KRW
Samsung SDI has commenced the full-scale shipment of its “dream battery.” the solid-state battery.At the performance report meeting held on Jan. 30, Park Jong-sun, vice president of Samsung SDI’s Large Business Division, announced, “During the fourth quarter of last year, we started shipping samples
Samsung Electronics and SK hynix are planning to mass-produce GDDR7 DRAM, a next-generation DRAM for graphics cards, within the first half of this year. GDDR7 DRAM, which is mainly used in Graphics Processing Units (GPUs) -- a core of the Artificial Intelligence (AI) era -- is expected to continue S
With about one week to go until the end of negotiations for the sale of HMM, new uncertainties are affecting the future of the negotiations as global shipping industry alliances begin to reorganize. With the management of HMM in limbo as Denmark’s Maersk and Germany’s Hapag-Lloyd form a new alliance