The South Korean government announced on Jan. 27 that its official development assistance (ODA) for this year would total 4.0425 trillion won, up 7.7 percent from a year ago.“We are planning to focus on international cooperation for a better COVID-19 response and social and economic development in d
COVID-19 self-test kit exports from South Korea are increasing again with regard to the omicron variant spreading worldwide.This month, SD BioSensor signed large-scale contracts with the United States and Singapore. Specifically, the contracts total 136.9 billion won and the supply to Singapore is i
The author is an analyst of KB Securities. She can be reached at leesunhwa@kbfg.com. -- Ed. Maintain BUY; Lower target price by 11.3% from KRW620,000 to KRW550,000 We maintain BUY but lower our TP by 11.3% from KRW620,000 to KRW550,000 for CJ CheilJedang (CJCJ). We revise down 2021E-23E OP CAGR from
South Korea is selling mines without prudence, while the importance of the electric vehicle battery industry is continuing to increase and China is strengthening its mineral supply chains.The Korea Resources Corp. is planning to sell its 33 percent stake at the Ambatovy nickel mine in Madagascar. Th
Chinese companies have been raising prices of key raw materials for electric vehicle batteries such as lithium, cobalt, and nickel since November.LG Energy Solution plans to increase the price of its cylindrical batteries (the 21700 model) for electric vehicles by 10 percent in January 2022. Samsung
Ookla said on Dec. 16 that the Samsung Galaxy S21 Ultra (5G phone released this year) has a median download speed of 221.18 Mbps, that of the Galaxy Note 20 Ultra (5G phone released last year) is 199.91 Mbps, and 122.17 Mbps is that of the Galaxy Note 10+, which was released in 2019 at the beginning
Ookla conducted tests in 24 countries in the third quarter of this year and announced on speedtest.net that South Korea recorded an average of 80.4 percent when it comes to how long a 4K mobile video maintains the 4K video quality during the entire playback.South Korea came in first, followed by Swi
The Born2Global Center participated in the third Global Innovative Growth Forum (GIGF), which was held on Dec. 8 and 9, and introduced innovative South Korean and Latin American startups’ joint ventures. GIGF 2021 was co-hosted by World Bank and the Ministry of Economy & Finance of Korea to address
Concerns are mounting over South Korea’s high reliance on Chinese raw materials with China’s urea export control leading to an increasing shortage of urea solutions in South Korea. The reliance is particularly high in the electric vehicle battery industry.According to the Korea International Trade A
People Power Party lawmaker Han Moo-kyung said on Oct. 13 that the liquefaction, transport and storage of imported hydrogen according to the carbon neutrality scenario of the South Korean government will cost no less than 66 trillion won and the total cost including the import price is likely to be
The authors are analysts of Shinhan Investment Corp. They can be reached at jhwon@shinhan.com and shawn1225@shinhan.com, respectively. -- Ed. Global IVD company growing rapidly amid COVID-19SD Biosensor is a global in vitro diagnostics (IVD) company with a diversified product portfolio (immunodiagno
The author is an analyst of NH Investment & Securities. He can be reached at minwoo.ju@nhqv.com. -- Ed. POSCO Chem is projected to see earnings growth from 2023, when the firm should reap the benefits of cost competitiveness from its vertical integration in cathode/anode production. Furthermore, bac
A brand survey of the world's top 100 companies selected ASML Holdings, a Dutch semiconductor equipment company, as the most respected brand. After the coronavirus pandemic, semiconductor companies such as TSMC made strides and energy and healthcare companies' brand power increased significa
SK Telecom is seeking to preempt the global market for 5G mobile edge computing (MEC) in partnership with Korean 5G telecommunication equipment manufacturers HFR and NTELS.5G MEC technology is designed to provide hyper-low-latency communication to users by deploying small data centers at base statio
Taihan Cable & Solution, which was acquired by Hoban Group in March this year, has decided to reenter the optical cable business in nine years.The company announced on Aug. 4 that it has decided to build optical cable production facilities at its telecommunication cable plant in Dangjin in South Chu
POSCO International, a subsidiary of POSCO, will withdraw from Ambatovy nickel mine in Madagascar. In invested a total of 360 billion won for a 4 percent stake in the mine, but the market value of its stake is estimated at less than 30 billion won. The company made the withdrawal decision as the pro
POSCO announced on July 28 that it will invest 230 billion won to build a nickel factory in Gwangyang by 2023. The plant will produce 20,000 tons of nickel for electric vehicle batteries annually. The volume can power 500,000 electric vehicles.Nickel for batteries is produced through two stages. Fir
The Bank of America said in its report on July 19 that China and South Korea are currently the most attractive emerging market investment destinations.The report covers eight Asian countries along with five Latin American countries and seven in the Middle East, Europe and Africa. Its five evaluation
Korean companies in South Africa, which were damaged by arson and looting last week, have begun to count on the cost and bring the situation under control.LG Electronics announced on July 19 that it will figure out the exact extent of the damage to its Durban TV plant before discussing its next step
Social disorders in South Africa are spreading like wildfire after the detention of former president Jacob Zuma. Under the circumstances, Samsung Electronics and LG Electronics are suffering serious damage.According to industry sources, thieves broke into Samsung’s warehouses in KwaZulu-Natal on Jul