Global trade is declining. China, often referred to as the “world's factory,” is experiencing a decrease in exports, while the United States, the world’s largest consumer, is reducing imports. This not only points to a slowdown in the global economy but also serves as a warning of a larger under
Lotte Chemical’s share price plummeted to its lowest level of the year on Aug. 9. Goldman Sachs, providing a bearish outlook, set a target price of 100,000 won for Lotte Chemical, suggesting it could fall about 30% more, after it had dropped over 6% on the day.According to the Korea Exchange, Lotte
The author is is an analyst for NH Investment & Securities. He can be reached at jack.baek@nhqv.com -- Ed.With sharp y-y cost increase that continued till 2Q23 likely to slow from 3Q23, the spotlight should once again turn to Hyundai Ezwel’s investment merits. Noting sound 2023 new orders and recent
Samsung Electronics and SK hynix will showcase next-generation memory solutions at the world’s largest flash memory semiconductor event in the United States.The two Korean companies will participate in the Flash Memory Summit 2023, which will be held at the Santa Clara Convention Center on Aug. 8-10
On July 28, Doosan Enerbility completed a continuous 240-hour operational test of its first domestically produced gas turbine engine with 270 MW output and initiated commercial operation at the Gimpo Combined Heat and Power Plant operated by Korea Western Power (KOWEPO). Through this achievement, KO
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
Amid the prevailing downturn in the semiconductor sector, Samsung Electronics managed to maintain its leadership in the global memory semiconductor market during the first quarter of this year, while SK hynix encountered a decline in its market standing.According to market research firm Omdia on Aug
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
In July, Korean-based carmakers’ sales in Korea fell for the first time in 11 months.According to the Korea Automobile Manufacturers Association (KAMA) on Aug. 1, the domestic sales including complete knock down car sales of five Korean-based carmakers including Hyundai Motor, Kia Corp., GM Korea, a
Despite Samsung’s withdrawal from the Russian market after the Russian-Ukrainian war began, preorders for the Galaxy Z5 series have begun in Russia. Although the new Samsung foldable phone is drawing attention in Russia, the Russian government is expected to impose sanctions on Samsung Electronics s
Hyundai Engineering & Construction (Hyundai E&C) has secured a contract to construct a high voltage direct current (HVDC) transmission line in Saudi Arabia.According to Hyundai E&C on Aug. 1, the company has signed a contract for the “Saudi Neom-Yanbu 525kV HVDC Transmission Line Construction Projec
India has blocked Chinese automakers from investing in India. This is expected to give Hyundai Motor Group of Korea reflective benefits as the Korean automaker is expanding its investments in India.According to foreign media outlets including the Economic Times of India, Chinese electric vehicle mak
Negative views of China grew among people in high-income countries, a survey has found. In the United States, Japan, and Australia, the percentage of respondents with negative views of China exceeded 80 percent. In South Korea, it was more than 10 percentage points higher than when the survey was co
Lotte Shopping has soft opened a mega commercial complex in Hanoi, Vietnam, marking its takeoff to become Asia’s No. 1 shopping center. The move marks a major exit from China and a relocation to Vietnam for Lotte Group’s overseas bases following China’s retaliation against Korean companies, includin
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
The life expectancy of South Koreans was 83.6 years, the second longest among member nations of the Organization for Economic Cooperation and Development (OECD). Life expectancy is the number of years a child born in a given year is expected to live. On the other hand, the nation had the highest sui
Twelve executives, including the CEO of Saudi Arabia’s Neom, visited Seoul on the occasion of the Neom City exhibition, the first of its kind in Asia.Holding a media conference on July 25, the day before the opening of the Neom exhibition at Dongdaemun Design Plaza (DDP) in Seoul, the executives emp
During the second quarter of this year from April to June, POSCO International achieved its most significant quarterly performance since its establishment. The energy business, including the Myanmar gas project, played a pivotal role in creating 58 percent of the company’s operating profit.POSCO Int
The author is an analyst for NH Investment & Securities. He can be reached at minjae.lee@nhqv.com -- Ed.Hyundai E&C’s 2Q23 results beat both consensus and our estimates on increased sales at its housing business. In addition to likely order growth for overseas petrochemical and infrastructure projec
The Asian Development Bank (ADB) has revised down its forecast for South Korea’s economic growth rate this year from the previous 1.5% to 1.3%. The figure is lower than the projections of the Organization for Economic Co-operation and Development (OECD) and the International Monetary Fund (IMF), bot