The Mexican government’s surprise move to raise tariffs on steel imports by up to 25 percent from countries with which it has not signed trade agreements is expected to deal a blow to South Korea only, not touching the United States or Japan.The USTR announced on its website on Aug. 18 (local time)
Kolmar BNH announced on Aug. 16 that its Eumseong plant, located in North Chungcheong Province, has received GMP certification from the Australian Therapeutic Goods Administration (TGA). Previously, Kolmar BNH’s Sejong plant was certified by TGA GMP in 2021. The TGA oversees pharmaceuticals and medi
The author is an analyst for NH Investment & Securities. He can be reached at ys.jung@nhqv.com -- Ed.With its acquisition of Bladt, CS Wind has entered the offshore wind substructure arena. We estimate that supply of offshore wind towers and substructures will push up the firm’s overall annual sales
The National Pension Service (NPS) has invested in a remarkably large amount of real estate in the Americas and Europe over the past three years, increasing its portfolio by over 60 percent during that time. During the same period, it increased its total amount of overseas real estate investments by
Despite a global rush of major companies reshoring, South Korea uniquely trails its competitors in encouraging businesses to return, with the growth in returning companies remaining slow. Despite recent government efforts to encourage reshoring, assessments indicate that it is still insufficient.Acc
Woori Bank announced on Aug. 6 that it entered into a strategic alliance on Aug. 4 with BuildBlock, a U.S. real estate investment platform company, to provide comprehensive real estate investment services.BuildBlock is a Korean startup headquartered in Silicon Valley and was selected as a promising
The semiconductor battle between the United States and China is escalating. The U.S. has imposed sanctions on semiconductor exports to China, citing threats to national security, to which China responded by blocking exports of key semiconductor minerals. The U.S. is now considering restricting even
The rise of Poland as a prominent hub for Eastern European electric vehicle battery and defense industries has positioned it as a strategic focal point for domestic and international corporations. The recent collaboration with Ukraine’s reconstruction efforts has also attracted attention from domest
The author is an analyst for NH Investment & Securities. He can be reached at kyeongkeun.kang@nhqv.com -- Ed.Specialized steel pipe manufacturer Nexteel boasts sound earnings, with its raw materials cost-ASP spread widening amid strong US demand for energy pipes. Utilizing funds to be raised through
Samsung Electronics plans to supply essential components for graphics processing units (GPUs), the high-bandwidth memory (HBM), and advanced packaging services to U.S.-based semiconductor company Nvidia.According to semiconductor industry sources on Aug. 1, Samsung Electronics is currently working w
Samsung Chairman Lee Jae-yong ambitiously invested 9 trillion won (approximately US$8 billion at the time) in the company Harman, and after a span of about six years Harman has now firmly established itself as a robust and integral part of Samsung Electronics’ business portfolio.In Samsung Electroni
Hyundai Motor Group and Toyota, the largest automakers in South Korea and Japan, respectively, showed contrasting performance during the first half of the year from January to June in key automotive markets. While Toyota managed to maintain its position as the global leader in sales, it experienced
ONDA, a South Korean hospitality technology company, is making inroads into the Turkish hotel solutions market. This expansion is fueled by a strategic partnership with CMH Solutions, a top player in the Turkish hotel and resort industry.ONDA (CEO Hyun-seok Oh) announced it has signed a Memorandum o
The newly appointed CEO, Lee Hak-jae, is set to propel Incheon International Airport’s logistics services into a new era. His leadership promises to infuse fresh vitality into the airport’s logistics operations and fulfill his vision of establishing Incheon as a global logistics hub.Born in 1964, Pr
Hanwha Aerospace has achieved the remarkable feat of supplying 129 Redback armored vehicles to the Australian Army.Hanwha Aerospace announced on July 27 that its Redback armored vehicle has been selected as the preferred model of Infantry Fighting Vehicle (IFV) in the “Land 400 Phase 3 Project,” whi
In a bid to enhance financial stability, commercial banks will now have to adopt a revised Probability of Default (PD) model that takes into account “extraordinary crisis situations” like the International Monetary Fund (IMF) crisis or global financial downturns when provisioning their loan loss res
Korean fabless “unicorn” firm FADU is gearing up for a leap from a specialized solid-state drive (SSD) controller design firm to a comprehensive global semiconductor company, leveraging its forthcoming IPO as a stepping stone.During an IPO briefing session at 63 Square in Yeouido, Seoul, on July 24,
Hanwha Ocean announced on July 23 that representatives have signed a memorandum of understanding (MOU) with the Vietnamese Ministry of Industry and Trade on July 22 for the comprehensive cooperation project “for the training and recruitment of Vietnamese manpower.”This MOU was signed to support the
Flitto, a leading AI language data company in South Korea, announced that Heba Farouk Mohamed Shahein, a high-ranking official from the Egyptian government, visited Flitto's headquarters on July 20th.During the visit, Flitto gave a comprehensive tour of headquarters and provided an in-depth pres
The government has designated seven specialized complexes for the nation’s advanced strategic industries such as semiconductors, secondary batteries, and displays. In addition to this, five specialized complexes for materials, parts and equipment have also been newly designated to focus on five othe