Canada is actively taking steps to build a Korean battery value chain. The nation is trying to get attention from Korean battery makers by promising federal and state incentives for them. The United States and the European Union (EU) which share a customs union with Canada, announced trade policies
LS Cable & System announced on March 23 that it has won a contract to supply undersea cables worth approximately 110 billion won (US$85 million) to Taiwan Power Corporation (TPC) for a wind farm to be built in the western sea of Taiwan.Taiwan will complete a 5.5 GW wind farm as the first offshore wi
The author is an analyst of NH Investment & Securities. He can be reached at minjae.lee@nhgv.com -- Ed.A hydrogen production project using nuclear power plants has begun in the US. Also, X-energy is strengthening cooperation with Dow.EU energy market for third week of MarchOver Mar 12~18, the EU’s p
The author is an analyst of NH Investment & Securities. He can be reached at sw.kang@nhqv.com -- Ed.According to their monetary principles, central banks respond to fundamentals with base rate policy and to financial instability with temporary liquidity provision. Expectations for a rate hike or cut
The author is an analyst of NH Investment & Securities. He can be reached at ys.jung@nhqv.com -- Ed.The EU Commission recently unveiled the TCTF, Net-Zero Industry Act, and CRMA. At center is the simplification of subsidies for the strengthening of the EU’s green (solar, wind, hydrogen, batteries) m
The author is an analyst of NH Investment & Securities. He can be reached at minjae.lee@nhqv.com. -- Ed.With natural gas prices stabilizing, the city gas price hike burden is projected to ease.EU energy market for second week of MarchOver Mar 5~11, the EU’s power generation shrank 1.9% w-w to 51.5TW
Hanwha Solutions announced on March 14 that it will appoint Danielle Merfeld as chief technology officer and vice president of GE Renewable Energy, as its global chief technology officer for Q CELLS.CTO Murfeld majored in electrical engineering at the University of Notre Dame and received a Ph.D. in
The author is an analyst of NH Investment & Securities. He can be reached at minjae.lee@nhqv.com. -- Ed.In February, pre-sales performance differed widely by construction project. While competition heated up for projects sitting in preferred locations with attractive prices, other projects were sign
Subsidies in green industries are increasing in the United States, Japan, China and the European Union, and South Korean companies are planning to increase their investments there as well.This trend is because those governments are regarding energy as a key factor of national security. Until recentl
A Goldman Sachs report evaluated that the Yoon Suk-yeol government’s reorganization of capital market policies to expand shareholder rights and interests and strong winds of shareholder activism in the Korean stock market are positive in resolving the Korea discount which undervalues the Korean stoc
In 2022, Samsung Electronics’ investment reached a record high of about 53 trillion won. Of the amount, more than 90 percent was concentrated on the semiconductor sector alone.According to a Samsung Electronics business report released on March 8, the Korean tech giant’s facility investment totaled
SK ecoplant and POSCO announced on March 7 that they had obtained a basic design certification on the K-Floater, an offshore wind power floating model developed in Korea, from DNV, a Norwegian classification society. The certificate presentation ceremony was held at the SK ecoplant headquarters in t
Ongjin County of Incheon Metropolitan City consists of a group of scenic islands in the West Sea (Yellow Sea). But its major islands are difficult to access as they are located far away from the mainland. In particular, five of them, Daeyeonpyeong Island, Soyeonpyeong Island, Baengnyeong Island, Dae
The author is an analyst of NH Investment & Securities. He can be reached at minjae.lee@nhqv.com. -- Ed. Although normal winter weather has returned to Europe, natural gas reserves are down only 25% from the peak. It appears that the worrying winter energy crisis has virtually passed, and as a resul
The author is an analyst of NH Investment & Securities. He can be reached at dongyang.kim@nhqv.com. -- Ed. LS Holdings’ earnings momentum is being spurred by continued robust copper prices and consolidation recognition of LS MnM. The firm is beefing up its business portfolio by expanding capacity, f
Chinese Consul General in Belfast Zhang Meifang said on Twitter that the Canakkale Bridge in Turkey was built by China and survived the recent earthquake. The post was shared by the Chinese embassy in France.What they said is false information. The bridge across the Dardanelles Strait was built by D
HD Hyundai Group and China's Yangzijiang Shipbuilding are going head-to-head over a large-scale container ship order worth more than one trillion won.With global ship orders expected to decrease in 2023 compared to last year, competition for global orders between Korean and Chinese shipbuilders
The author is an analyst of NH Investment & Securities. He can be reached at minjae.lee@nhqv.com. -- Ed. Although Doosan Enerbility’s 4Q22 results proved somewhat lackluster due to one-off expenses, the company has set an achievable mid/long-term new order target. In particular, we believe that the
Doosan Fuel Cell is planning to develop overseas markets to expand its hydrogen business.The company announced on Feb. 9 that it signed a statement of cooperation with the South Australian government and HyAxiom, a subsidiary of Doosan Corp., at the Four Seasons Hotel Seoul in Gwanghwamun to foster
The author is an analyst of NH Investment & Securities. He can be reached at minjae.lee@nhqv.com. -- Ed. Europe’s electricity market is stabilizing on the normalization of nuclear and wind power plants. Natural gas prices are also falling, with natural gas stocks freeing up. Coal prices have entered