The Korean construction industry is expected to surpass US$30 billion in overseas orders for the fourth consecutive year. However, it is still up in the air that it will be able to reach the target of US$35 billion set in the first half of this year.The amount of overseas construction orders given t
Celltrion Healthcare is expanding its presence in the United States, the world's largest pharmaceutical market, with its biosimilar of Avastin for metastatic colorectal and breast cancer, known as Vegzelma (active ingredient: bevacizumab).On Dec. 12, Celltrion Healthcare announced that Vegzelma was
Following Netmarble’s block deal in which there was after-hours bulk trade, HYBE has seen a diversification in its ownership structure due to an influx of foreign investment. This has resulted in a more stabilized corporate framework for the company.According to recent data from the Korea Exchange (
McKinsey & Company released an economic diagnosis report titled “Korea’s Next S-Curve” on Dec. 11. This report comes ten years after the firm’s previous report titled “Beyond Korean style: Shaping a new growth formula,” suggesting that the South Korean economy has reached its growth limits.In its re
Among the business groups subject to disclosure with assets exceeding 5 trillion won (US$3.79 billion), or large corporate groups, last year, Celltrion secured the top spot for the sixth consecutive year with the highest proportion of internal transactions. The overall internal transaction ratio of
As the Foreign Entity of Concern (FEOC) regulation under the U.S. Inflation Reduction Act (IRA) is set to be implemented from Jan. 1 next year, the potential benefits for domestic battery material companies are drawing attention.On Dec. 11, the battery material industry is closely monitoring the pos
Poland, on the brink of a regime change for the first time in eight years, faces concerns that defense equipment contracts signed with South Korea could be nullified following the general elections in October.According to Reuters on Dec. 10 (local time), Simon Holownia, a member of the opposition al
HD Hyundai Heavy Industries (HHI) is considering importing blocks for merchant ships from China for the first time since its establishment. Until now, all of the blocks for merchant ships have been manufactured by HD HHI’s Korean partners and delivered to HD HHI.According to industry sources on Dec.
Domestic battery companies are groaning under the unreasonable demands of global automotive brands. The automotive companies, both customers and joint venture (JV) partners of the battery industry, are intensifying their oppressive tactics as the demand for electric vehicles slows down. This trend o
Huawei’s launch of a 5G smartphone equipped with a 7-nanometer chip in August sparked immediate calls in the United States for stronger sanctions against China, highlighting the global significance of the U.S.-China tech competition.However, upon closer examination, this U.S.-China tech rivalry also
The author is an analyst for NH Investment & Securities. He can be reached at junsup@nhqv.com -- Ed.Mirae Asset Life’s share price is moving strong in response to majority shareholders’ share purchasing activity. However, it is unclear as to how long these purchase effects will last.Share price ener
EOFLOW announced on Dec. 7 that it has terminated its acquisition contract with Medtronic, which was initially signed in May. The company disclosed the termination of the acquisition contract with Medtronic, leading to the withdrawal of the paid-in capital increase and the annulment of the stock tra
LS Cable & System announced on Dec. 7 that it has signed a main contract with TenneT Offshore GmbH, the German subsidiary of the Dutch state-run power grid operator TenneT, for the supply of 1.5 trillion won (US$1.14 billion) worth of high-voltage direct current (HVDC) cables.In May last year, four
LOTTE Fine Chemical recently contracted for 5,000 tons of Vietnamese urea, signaling a shift towards alternatives to Chinese imports amid growing concerns over shortages in supply of diesel exhaust fluid (DEF), essential for diesel vehicles, due to disruptions in Chinese urea imports.On Dec. 6, the
SK gas has disclosed on Dec. 6 that it will acquire 18,200 shares of GridFlex, a U.S. electric sales company, for about 69.7 billion won (US$52.8 million).Following the acquisition, SK gas’s stake in the company will rise to 80%, with the acquisition scheduled for April 30, 2025. SK gas has stated t
POSCO International has recently announced on Dec. 6 that it has secured an order worth 300 billion won for eco-friendly car parts from a major U.S. automaker.The electric vehicle (EV) components acquired in this order are reducers, essential parts of the EV drive system, and are increasingly spotli
Apple recently sent Apple Pay terms and conditions to three Korean credit card issuers -- Shinhan Card, KB Card, and BC Card -- proposing that they join the Apple Pay camp, according to industry sources on Dec. 5. In addition to explaining Apple Pay’s global standard contract terms such as the Apple
As China’s economy has expanded its independence in intermediate goods, it will be difficult for South Korea to enjoy the same benefits as in the past, according to a report on China’s growth structure transition process and the ripple effects released by the Bank of Korea (BOK) on April 4. The repo
Hanwha Aerospace has secured a second phase contract for exporting 152 K9 self-propelled howitzers, worth approximately 3.4 trillion won, following their initial deal in August last year to export 212 units worth around 3.2 trillion won.On Dec. 4, Hanwha Aerospace announced the signing of this secon
Daewoong Pharmaceutical announced on Dec. 1 that it has signed a contract to export Enavogliflozin, a SGLT-2 inhibitor, to a total of six countries in Russia and the Commonwealth of Independent States (CIS) region in association with the Russian pharmaceutical company JSC Pharmasyntez. The contract,