Despite a global economic slowdown, Samsung Electronics and LG Electronics have maintained their lead in the global TV market. Both companies especially showed strong competitiveness in the high-end premium TV segment.According to the market research firm Omdia on Nov. 21, Samsung Electronics record
Hyundai Motor Company today announced that its brand value reached $20.4 billion in Interbrand’s ‘Best Global Brands 2023’, ascending in valuation for 13 straight years. This represents the third highest year-over-year valuation increase out of 100 brands. The company’s brand rank rose from 35th to
The Korea Startup Forum (Chairman Jae-Wook Park, hereinafter referred to as KSF), the organizing organization of the global startup festival COMEUP, announced that COMEUP 2023, which was held at Dongdaemun Design Plaza (DDP) for three days from November 8 to 10, attracted about 66,000 people. It was
K.S.PEARL, a cosmetic ingredient specialist company established in 1986, has been supplying innovative and safe cosmetic ingredients and stands shoulder to shoulder with global material companies. Recently, K.S.PEARL has attracted the attention of the industry.This attention comes as K.S.PEARL succe
Thomas Ingenlath, CEO of Polestar and a designer by profession, made a surprise announcement at the Polestar Day event held in Los Angeles, California, on Nov. 9 (local time). He revealed plans to produce the Polestar 4, a coupe-style Sports Utility Vehicle (SUV), in South Korea.On Nov. 16, the auto
The author is an analyst for NH Investment & Securities. She can be reached at jiyoony@nhqv.com -- Ed.In 2023, the consumer goods portion of Korea’s exports surpassed that of capital goods for the first time in 25 years. While domestic consumption should weaken on higher interest expense burden in 2
BASF, a globally leading battery materials producer, and SK On, a globally leading electric vehicle battery cell manufacturer, have entered into an agreement to jointly evaluate collaboration opportunities in the global lithium-ion battery market focused on North America and Asia-Pacific. The collab
SK ecoplant has successfully internalized four critical technologies encompassing the pre- and post-processing stages of waste battery recycling, focusing on the enhancement of nickel, cobalt, and lithium recovery rates; wastewater reduction; and fire prevention rapid discharge.On Nov. 14, SK ecopla
Facing a slowdown in electric vehicle demand, South Korea’s battery industry has begun reducing staff at its overseas plants. This move appears to be in response to lowered operation rates, following the revision of electrification plans by automakers, which has delayed battery shipments.LG Energy S
Hana Bank announced its achievement in winning the “Best Private Bank in Korea" award for 2023 at the 15th Global Private Banking Awards co-hosted by global financial publications The Banker and Professional Wealth Management (PWM). This marks the bank’s 11th win since first receiving the award in 2
Hyundai Motor Group came in second after Tesla in the first three quarters of this year as the number of electric vehicle (EV) registrations in the United States surged despite concerns over slowing demand for EVs.According to a report by Automotive News Nov. 12, a U.S. automotive publication, the n
LG Energy Solution has withdrawn its plans to build a joint venture battery plant in Turkiye with U.S.-based Ford and Turkiye-based Koc Group. Instead, the company will produce battery cells at an existing idle facility and supply them to Ford.LG Energy Solution announced on Nov. 11 that it is withd
The author is an analyst for NH Investment & Securities. He can be reached at pk.park@nhqv.com -- Ed.Sales at Dentium slowed in 3Q23 amid economic downturn in China and logistics issues in Russia. Although revenue growth should rebound in major regions in 4Q23 (a peak season), ultimately, the result
The author is an analyst for NH Investment & Securities. He can be reached at pk.park@nhqv.com -- Ed.Celltrion Healthcare posted sound 3Q23 earnings, when considering purchase price settlements. Defying market concerns, the company showed a relative return of 15%p following its merger disclosure on
L’Oréal Korea announced the 2023 winners of ‘L’Oréal Big Bang Open Innovation’ and held an award ceremony on November 8, at the global startup festival 'COMEUP 2023' hosted by the Ministry of SMEs and Startups and organized by the Korea Startup Forum.L’Oréal Big Bang Open Innovation is the first reg
While Korea’s exports rebounded for the first time in 13 months in October, the value of Korea’s exports to Eastern European countries surged. Eastern European countries included Poland, Hungary and Turkiye. In general, they had previously accounted for small proportions of Korea’s exports.The Korea
According to SNE Research, an energy market research company, on Nov. 8, the number of electric vehicles registered worldwide from January to September reached 9.66 million units, a 36.4% increase compared to the same period last year.BYD, a Chinese company, maintained its top position with a 71.7%
Doosan Bobcat has announced on Nov. 8 its plan to invest approximately 400 billion won (USD 300 million) to construct a new factory in the Monterrey area of Nuevo León, Mexico.The new Monterrey plant, with an area of about 65,000 square meters, will produce M-Series loaders, Doosan Bobcat’s flagship
The author is an analyst for NH Investment & Securities. He can be reached at kyeongkeun.kang@nhqv.com -- Ed.T-Robotics is achieving significant milestones in the logistics robotics arena, standing as the first player in the AMR industry to secure rechargeable battery-related orders from large firms
LG Electronics has opened a heat pump research center in Alaska of the United States to accelerate the development of heating, ventilation, and air conditioning products that deliver high performance even in extreme cold. This is directly related to business-to-business growth, one of the three pill