The carbon border adjustment mechanism of the European Union is about to take effect and South Korean steelmakers’ exports to Europe, which totaled US$6 billion last year, are likely to take a hit.In the mechanism, companies exporting steel, aluminum, fertilizers, electricity, cement, and hydrogen p
Samsung SDI will team up with General Motors (GM) to establish an electric vehicle battery joint venture in the United States. With a capacity of 30 GWh, the total investment of the two companies will amount to US$3 billion (approximately 4 trillion won).Samsung SDI announced on April 25 that it wil
Hyundai Motor Group will become the world's No. 1 automaker in 2026 with sales standing at 9.2 million vehicles, according to a new forecast. Hyundai Motor Group sold 6.85 million vehicles globally in 2022, ranking third in sales behind Japan's Toyota and Germany's Volkswagen.In a report
The author is an analyst of NH Investment & Securities. He can be reached at pk.park@nhqv.com -- Ed.With valuation multiples for the global dental implant industry continuing to rise, we view the key in selecting out investment targets as being market growth potential. Our market estimations analysi
The author is an analyst of Shinhan Securities. He can be reached at sanghoonpure.cho@shinhan.com -- Ed.Top-line growth continues for a second straight monthRecovering sharply from the impact of an earlier-than-usual Lunar New Year holiday in January, top-line growth continued across the board in Ma
Amidst the ongoing slump in the semiconductor industry, Samsung Electronics and LG Electronics are expanding their overseas automotive electronics markets by selecting the automotive electronics business as their new growth driver.According to foreign media outlets and industry sources on April 12,
bereum, a company specializing in heat-killed lactic acid bacteria postbiotics, and Dx&Vx, a bio-health care company, signed an MOU on April 5th. Through this agreement, the two companies plan to target the microbiome market by conducting joint research, such as analyzing not only lactic acid bacter
The United States is putting more pressure on companies in the EV battery industry to rely less on China. Most South Korean companies in the industry are regarding the pressure as both a challenge and an opportunity.This is because they have diversified their material supply sources for years. For i
HD Hyundai Construction Equipment is drawing much attention as it starts solar power generation in India and China. In order to attain RE100, its overseas plants are procuring electricity on their own through solar power generation. RE100 is a global corporate renewable energy initiative bringing to
Samsung Electronics will re-load the Exynos, an application processor (AP) designed by Samsung Electronics, into its Galaxy smartphone series. This plan aims to dial up Samsung Electronics’ share in the smartphone AP market and reduce the production cost of Galaxy products.According to industry sour
The state government of Michigan approved US$123 million subsidies on March 28 as to the battery production partnership of Ford and CATL. According to industry sources, the power of the Inflation Reduction Act may be affected by similar approvals following one after another.At present, many state go
In February, thanks to the effects of the newly released Galaxy s23 smartphone, Samsung Electronics dethroned Apple, rising to first place in the global smartphone sales standings.According to sources in the financial investment industry and global market research firm Counterpoint Research on March
The Korea Automotive Technology Institute said in its report on March 27 that the South Korean EV industry may be affected if the EV quick charging standards of Japan and China enter emerging markets. At present, the standard in the United States, South Korea, and Europe is the Combined Charging Sys
Doosan Bobcat announced on March 24 that it participated in ProMat 2023, a logistics exhibition that ran in Chicago in the state of Illinois in the United States from March 20 to 23.Five of the nine products on display were Bobcat forklifts with both Doosan and Bobcat logos hanging side by side on t
The ABB FIA Formula E World Championship returns from its short four-week break with another premiere. After debuts in Mexico, India and South Africa, Brazil will now host the fully-electric racing series for the first time on 25th March. The drivers and the Hankook iON Race, the new standard Formul
Lawmaker Song Eon-seog remarked on March 17 that the National Pension Service (NPS) was investing in 5,642 stocks in 49 countries as of August last year.The 5,642 stocks include 1,565 U.S. stocks along with 795 in Hong Kong, 785 in China, 550 in Japan, 223 in the United Kingdom, 167 in Canada, 119 i
Hyundai Motor Company will acquire a foreign carmaker’s plant in India for the first time since entering the Indian market in 1996. It is a measure to increase its responsiveness to the rapidly growing Indian market, analysts say.Hyundai Motor India signed a legally binding term sheet to acquire Gen
Sports utility vehicles (SUVs) accounted for more than 70 percent of Hyundai Motor Group’s cars sold in the United States. They have higher margins per unit than sedans, so Hyundai Motor Group’s profitability is also expected to grow significantly.Hyundai Motor Company (including the Genesis brand)
SPC Samlip announced on March 6 that it has signed a partnership agreement with Siam Makro, a distribution affiliate of Thailand’s CP Group, to advance into the Thai bakery market.SPC Samlip held a signing ceremony in honor of signing the partnership agreement on a joint bakery business with Siam Ma
Weak global demand and the U.S.-China trade conflict caused Samsung Electronics to lose more than 10 trillion won in assets held by its major subsidies in the United States and China over the past one-year period, according to a new report. The report also says that assets held by its major subsidia