This year’s first quarter global smartphone production recorded a 9-year low; Samsung Electronics was the only major global smartphone manufacturer that showed growth from the previous quarter.According to global market research firm TrendForce on June 14, global smartphone production volume for the
Mr. A, a former Samsung employee who worked at Samsung Electronics’ semiconductor division for 18 years and even served as a vice president at SK hynix, stole design data on a semiconductor plant, a trade secret and Korea’s core national technology. He planned to build a replica plant 1.5 kilometers
The government announced on May 29 that it will discuss the resumption of Korea-Japan currency swaps, which were previously suspended in 2015, at the Korea-Japan Finance Ministers' Meeting to be held in Tokyo, Japan.Choo Kyung-ho, deputy prime minister and minister of economy and finance, respon
Semiconductor companies that have been using ARM’s services, such as Samsung Electronics, have begun to part ways with ARM. This is because they believe that ARM has been abusing its power by raising license fees and forcing the use of its designs. An alternative is RISC-V, an open-source semiconduc
LG Electronics will team up with legendary CPU developer Jim Keller to develop artificial intelligence (AI) semiconductors.Canadian AI chip developer Tenstorrent announced on May 31 that it will collaborate with LG Electronics to develop AI and video codec chiplets.LG Electronics will utilize the AI
With the introduction of the new International Financial Reporting Standard 17 (IFRS 17), financial authorities have prepared guidelines to prevent insurance companies from inflating Contractual Service Margins (CSM) through arbitrary and optimistic actuarial assumptions.In particular, the guideline
The Lounge, a luxury destination on the uppermost floor of Park Hyatt Seoul, presents the 2023 Bingsu Selection. Featuring Cherry, Honey Gold, Persimmon, and Mango varieties, this year’s bingsu menu offers epicurean relief from the early summer heat.Cherry Bingsu, recommended by Executive Chef Baek
Hyundai Motor Group has announced on May 26 that it has held a contract signing ceremony with LG Energy Solution to establish an electric vehicle (EV) battery cell joint venture factory in the U.S. by 2025.The joint venture factory will be constructed in Bryan County, Georgia, where the Hyundai Moto
The author is an analyst for Shinhan Securities. He can be reached at kw.eun@shinhan.com -- Ed.Reasons behind weak share performance of SKShare performance has remained sluggish with SK's major listed and unlisted subsidiaries posting weaker earnings amid a shift in investor sentiment toward the
Airport Railroad said on May 25 that if faster new trains with a maximum speed of 150 kilometers per hour are introduced in 2025, train delays during rush hours are expected to be reduced to four minutes from the current five minutes.The new trains will be able to arrive at Incheon International Air
Coway Co., Ltd., the “Best Life Solution Company,” announced today that Coway’s Seoul-based R&D Center, the Environmental Technology Research Institute, has received Witnessed Manufacturer’s Testing for Certification (WMTC) certificate from CSA. Coway has officially become a CSA-qualified witness la
The author is an analyst for NH Investment & Securities. He can be reached at jaemin.ahn@nhqv.com -- Ed.Regulatory uncertainties abound in the telecom industry in 1H23. After KT’s failure to appoint a new CEO, government regulations for the telecom industry have strengthened, leading to the introduc
The European Union (EU), currently reviewing the merger of Korean Air and Asiana, has once again expressed a negative opinion.According to Korean Air and other sources on the 18th, the EU Commission released an examination report the day before, stating concerns about price increases and service qua
The author is an analyst for NH Investment & Securities. He can be reached at seungyeon.han@nhqv.com -- Ed.We expect HanAll Biopharma to showcase a new royalty revenue business model within the Korea biotech industry. The firm is to generate large-scale global royalty revenue by developing next-gene
Neowiz has established a new subsidiary in North America.According to Neowiz’s quarterly report released on May 17, the company established Neowiz Santa Monica in Irvine, California, United States, in late 2022. Neowiz Santa Monica will be headed by chairman Lee Ki-won, a founding member of Neowiz a
The Chevrolet Trailblazer, produced by GM Korea, has topped the monthly sales in the U.S. small sports utility vehicle (SUV) market.According to GM Korea and U.S. market research firm JD Power on May 17, the Trailblazer sold 11,130 units in the U.S. last month, a 176.3% increase from the same month
Coway Co., Ltd., the “Best Life Solution Company,” today reported financial results for the first quarter of 2023.“Coway maintained stable sales revenue and operating profit throughout the first quarter,” said Soon Tae Kim, Coway’s Chief Financial Officer. "Despite the challenges posed by a global e
Despite POSCO investing more than 1 trillion won (US$757 million) over five years since 2017 in environmental improvement costs to reduce air pollutants, the amount of dust containing carcinogens has been increasing every year.According to the results of automatic chimney emission measurements by Ko
According to its first-quarter earnings report filed with the U.S. Securities and Exchange Commission (SEC) on May 10, Coupang reported sales revenue of US$5.53 billion in the first quarter of 2023. The figure represented an increase of 13 percent from the same period of 2022.“The reason why Coupang
Hyundai Motor Group sold more than twice as many electric vehicles (EVs) in Europe as in the United States in Q1 of this year.Hyundai sold 15,945 EVs and Kia sold 18,886 EVs in Europe in the first quarter of this year, according to Hyundai’s and Kia's corporate materials released on May 7. The f