Hyundai Motor Group (the Group) today announced key executive appointments for the second-half of the year 2023. Through the appointments, the Group aims to strengthen its leading position in future mobility solutions and innovations and better prepare for uncertainties in the global business enviro
The author is an analyst for NH Investment & Securities. He can be reached at jack.baek@nhqv.com -- Ed.At HiDeep, pilot sales of touch ICs for mobile devices began in 2Q23, followed by the start of pilot sales for stylus solutions for mobile devices in 3Q23. We expect 1H24 to see the start of touch
The author is an analyst for Shinhan Securities. He can be reached at sanghoonpure.cho@shinhan.com -- Ed.Weak top line results in first profit drop in 10 monthsOrion reported weak sales growth in November (Korea +10.9%, China -13.5%, Vietnam -5.3%, Russia -26% YoY) with effects of the Lunar New Year
The government will build 10,000 “smart plus” buildings specializing in robots, drones, autonomous vehicles and urban air mobility (UAM) by 2035.The Ministry of Land, Infrastructure, and Transport (MOLIT) announced a road map for the promotion of smart plus buildings as an innovation policy in the s
POSCO International is rapidly transforming into an eco-friendly comprehensive business company and a business platform provider.POSCO International announced on Dec. 19 that, in its first year since the merger with POSCO Energy, it has successfully established three major business value chains -- e
Hyundai Motor plans to sell its Russian plant, which has been idle for nearly two years, to a local company for a mere 140,000 won (US$107.12). However, the contract includes a “buyback” clause, allowing Hyundai to repurchase the facility within the next two years, in anticipation of the possibility
Hanwha Aerospace has delivered an additional six K9 self-propelled howitzers to Estonia, adding to the 24 already in operation there. By 2026, when the remaining six units are delivered, Estonia will have a total of 36 K9 howitzers in operation.According to the defense industry on Dec. 18, the Eston
Samsung Heavy Industries disclosed on Dec. 18 the arbitration tribunal’s decision regarding the damage compensation for defects in the cargo holds of two liquefied natural gas (LNG) carriers they built.On Dec. 15 (local time), the London arbitration tribunal ruled that Samsung Heavy Industries must
On Dec. 18, Korea Development Bank (KDB) and the Korea Ocean Business Corporation (KOBC) announced the selection of the Pan Ocean-JKL consortium as the preferred bidder for the acquisition of the management rights of HMM, the largest ocean container shipping company in South Korea. After negotiation
On Dec. 14, SK telecom unveiled the “A. Interpretation Call” service, which enables real-time interpretation during calls, and is preparing to sequentially update users’ apps.Initially targeting Apple iPhone users, the service supports four languages: Korean, English, Japanese, and Chinese. Plans ar
Samsung Electronics and SK hynix are set to gain from synergy with American Applied Materials (AMAT) and Lam Research following the Dutch company ASML establishing a Research and Development (R&D) center in South Korea, based on market share in the semiconductor equipment industry.According to the s
The COVID-19 endemic has reignited the competition for dominance in the domestic tourism industry among hotels and resorts.On the morning of Dec. 13, the U.S.-based integrated resort development and operating company, Mohegan, held a media day event for “Inspire Entertainment Resort (Inspire)” on Ye
Kia announced it will procure 250 Gigawatt-hours (GWh) of renewable energy from solar power generation.On Dec. 13, Kia signed a Solar Power Purchase Agreement (PPA) with Hyundai Construction at its headquarters in the Yangjae neighborhood of Seoul. The signing ceremony saw the attendance of signific
The author is an analyist for NH Investment & Securities. He can be reached at jack.baek@nhqv.com -- Ed.MaumAI is a provider of AI platform services to companies looking to implement AI. Moving ahead, we anticipate a rise in RAG chatbot orders, strengthening earnings at the new WoRV autonomous drivi
The continued decline in semiconductor prices and a slowdown in the growth rate of automobile exports have led to a deterioration in the growth and profitability indicators of domestic companies in the third quarter from July to September.According to the results of the “Q3 Corporate Management Anal
K-beauty companies are gaining tremendous popularity in the Japanese market, surpassing beauty powerhouse France. Leveraging cost-effectiveness and product quality, these companies are showcasing their presence across both online and offline markets, offering a range of products from basic skincare
On Dec. 12, Canada’s renowned coffee brand, Tim Hortons, held a media event at its first domestic location, the Sinnonhyeon Station branch in the Gangnam district of Seoul. During the event, the company unveiled the reasons behind its entry into the South Korean market and discussed its strategies f
Data reveals that 60% of all private equity funds recorded deficits. Despite an increase in both the total number of private equity funds and their assets under management, the growing number of companies operating in the red indicates an accelerating polarization in the private equity market, accor
LIG Nex1 has initiated the pursuit of acquiring Ghost Robotics, a U.S.-based robotics company known for developing robotic dogs.The company announced in a regulatory filing on Dec. 8 that it will acquire a 60% stake in Ghost Robotics for 315 billion won (US$238.46 million).To facilitate the acquisit
The author is an analyst for Shinhan Securities. She can be reached at kimaram@shinhan.com -- Ed.Gaining a solid fan base among NAVER Webtoon subscribersYLAB, listed on the KOSDAQ in July this year, is a webtoon studio that has published popular titles like Island, Reawakened Man, Terror Man, Get Sc