The Trax Crossover and Trailblazer from Chevrolet were first and second respectively among Korea's vehicle exports in June.According to "Automotive Industry Trends in June 2023" released on July 28 by the Korea Automobile & Mobility Association (KAMA), the Trax Crossover sold 24,359 units overse
As the global electric vehicle market is rapidly growing, the “K-Battery Trio” – LG Energy Solution, Samsung SDI, and SK innovation – have stepped on the growth accelerator. They recorded respective sales growth of 73%, 23%, and 170% (projected) in the second quarter compared to the same period last
The author is an analyst for NH Investment & Securities. He can be reached at hwdoh@nhqv.com -- Ed.Demand is looking strong for high-performance memory such as DDR5 and HBM, products for which SK Hynix has ?secured a competitive edge. Industry conditions are anticipated to improve in earnest from 3Q
According to the Korea Agro-Fisheries & Food Trade Corporation (aT) and the Korea Customs Service on July 26, the annual ramen export value last year increased by 13.5% compared to the previous year, amounting to US$765.43 million (945.3 billion won).When adding the sales from overseas local factori
The author is an analyst for NH Investment & Securities. He can be reached at minwoo.ju@nhqv.com -- Ed.While we raise our TP to W560,000 on a change in valuation method, we downgrade our rating to Hold considering restricted upside potential.Valuation method changed to reflect rise in mid/long-term
The author is an analyst for Shinhan Securities. He can be reached at yjjung86@shinhan.com -- Ed.2Q23 OP falls short at KRW52.1bn (-6% YoY, +157% QoQ)POSCO Future M posted preliminary operating profit of KRW52.1bn (-6% YoY, +157% QoQ) on sales of KRW1.2tr (+49% YoY, +5% QoQ) for 2Q23, missing market
Global brand Chevrolet starts full-fledged sales today with the official launch of ‘THE NEW TRAILBLAZER’ in Korea.Debuted in the global market in 2020, the Chevrolet Trailblazer is a model that sets the standard for a premium compact SUV with unique designs that can be selected according to consumer
Much attention is being paid to if Samsung Electronics, which recently stopped ordering from China’s No. 1 display maker BOE, will expand the amount of liquid crystal displays (LCDs) that it buys from LG Display in the future. Samsung has been buying LCD TV panels from LG Display since 2017.Accordin
The presence of automotive organic light-emitting diode (OLED) displays in the display market is growing. Experts forecast that their market size and shipments will steadily increase as a shift to software-driven vehicles (SDVs) accelerates, with premium automakers leading the way.According to marke
MediaTek, the global leader in the mobile application processor (AP) industry, is accelerating its market share expansion with the launch of its new chipset.According to industry sources on July 13, MediaTek, Taiwan’s largest fabless semiconductor design firm, recently unveiled its new mobile AP pro
LG Chem announced on July 12 that it has completed the issuance of US$2 billion worth of foreign currency exchangeable bonds (EBs).The previous day’s demand collection to investors in Asia and Europe attracted more than US$10 billion from more than 150 investors and institutions. The amount was more
Samsung Electronics has teamed up with LG Display to start selling 83-inch (diagonal length about 211 cm) OLED TVs in the United States. The company had been unable to penetrate the large-scale OLED TV market due to the panel production limits of its affiliate Samsung Display, but now it is capable
KT, the South Korean telecommunications giant, announced that it has hosted a joint digital health seminar with Hanoi Medical University in Vietnam.The seminar, which was conducted on July 11 under the theme of “Main Applications of Digital Health,” was attended by approximately 150 individuals from
Mercedes-Benz has cut the price of the Mercedes-Benz E-Class by up to 11 million won from June. This is largely due to BMW’s May promotion to sell its vehicles at prices up to 10 million won or more off, depending on the models.On July 9, Mercedes-Benz is offering up to US$11 million in discounts fo
The following article was written by James Tosdevin, a teacher and the Senior School Global Citizenship and Sustainability Lead at Dulwich College Seoul.From one extreme weather event to another, we are constantly reminded that the climate crisis is real and that we need to act immediately. One of h
The author is an analyst for Shinhan Securities. He can be reached at wonyong.sim@shinhan.com -- Ed.2Q23 preview: Sales estimated at KRW31.8bnOnejoon is expected to have generated sales of KRW31.8bn (+672% YoY) and operating profit of KRW2.3bn (positive swing YoY) in 2Q23. The order received in June
Kumho Tire has become the official tire partner of the prestigious Italian football club AC Milan, sealing a sponsorship agreement with a partnership ceremony at Casa Milan, AC Milan's headquarters.The partnership ceremony was attended by Jung Il-taek, CEO of Kumho Tire; Vice President of Sales
A controversy has been brewing over the pricing policy of Five Guys, a U.S. hamburger brand that recently landed in Korea led by Hanwha Group’s Kim Dong-sun, head of strategy at Hanwha Galleria and the third son of Hanwha’s chairman.FG Korea, a subsidiary of Hanwha Galleria and the operator of Five
Competition between Samsung, LG, and Sony is intensifying over the development of Micro Organic Light Emitting Diodes (OLEDs). The relevant market is forecast to grow rapidly as Apple adopts Micro OLED for the display of its Mixed Reality (MR) headset.According to the display industry on July 3, App
While Chinese people continue to be a burden on the finances of South Korea’s national health insurance, they also accounted for about 70 percent of foreign buyers of medical indemnity insurance in Korea. Moreover, they are collecting insurance benefits at a higher level than the average for all for