LIG Nex1 announced on Jan. 17 that it has signed a contract to export 2.6 trillion won worth of the Cheongung II mid-range surface-to-air guided weapon systems to the United Arab Emirates (UAE).The Cheongung II is a medium-range and medium-sized surface-to-air intercept system developed with Korean
Hanwha Systems announced on Jan. 13 that it has successfully passed a performance verification test for its directional infrared counter measures (DIRCM), a system that protects aircraft from infrared homing missiles.The test was conducted by the Agency for Defense Development (ADD), which awarded t
The North Face brand of Youngone Outdoor Co. has stopped selling products with a design similar to that of a small and medium-sized company.The outdoor clothing brand announced on its website on Dec. 31, 2021, that it had permanently stopped selling its products with the motif of the Gungon Gamri pa
Hyundai Engineering has completed the construction of a US$2.62 billion gas-to-liquid (GTL) plant in Uzbekistan.The company announced on Dec. 28 that it held a ceremony to mark the completion of Uzbekistan GTL with the attendance of Uzbek President Shavkat Mirziyoyev, Uzbek Prime Minister Abdulla Ar
LG U+ announced on Dec. 26 that it has signed a business agreement on the development of AI differentiation solutions and specialized mission equipment for 5G-based smart drones with the Industry-Academic Cooperation Foundation at Korea Aerospace University and Quaternion.LG U+ loaded 5G mobile comm
Samsung Electronics has become the first Korean company to surpass US$110 billion in annual exports. The company alone accounted for one sixth of Korea's estimated total exports of US$636.2 billion (757 trillion won) for 2021. The figure surpasses all exports of Korea’s small and medium-sized en
Samsung Electronics and LG Electronics will adopt OLED displays for their key products, including smartphones and TVs, next year.Samsung Electronics, the world's No. 1 TV producer, is planning to unveil QD OLED TVs at CES 2022, which will be held in Las Vegas in January 2022. It will use QD OLED
The author is an analyst of NH Investment & Securities. He can be reached at jaemin.ahn@nhqv.com. -- Ed. A series of new titles that Neowiz has been readying for the past several years is to be released in 2022, and it is to develop NFT-related games in earnest.Anticipate new title momentum in 2022-
Hyundai Motor Co. will produce the Genesis GV70 electric vehicle (EV) model at its plant in Alabama of the United States starting from early next year. The GV70 EV will become the first EV model of either Hyundai Motor or Kia to be produced in the United States. Analysts say Hyundai Motor has made t
The author is an analyst of NH Investment & Securities. He can be reached at jinmyung.choi@nhqv.com. -- Ed. Affected by rising raw material costs and logistics disruptions, KAI is facing short-term production disruptions. But, favorable changes are being detected in demand, and orders should rise. K
Shinhan Financial Group will take over BNP Paribas Cardif General Insurance, a foreign non-life insurance company.The takeover of the non-life insurance company is intended to acquire the last component needed to become a general financial group. The group launched Shinhan Life Insurance, which was
Korea Shipbuilding & Offshore Engineering (KSOE) is set to enter the marine LNG engine market in partnership with Germany's MAN Energy Solutions (MAN-ES), a global ship engine manufacturer.The global LNG engine market is currently dominated by a Chinese company. Yet Hyundai Heavy Industries (HHI
Samsung Electronics is expected to produce a neural network processing unit (NPU) called an “artificial intelligence (AI) semiconductor” as early as next year in cooperation with two domestic startups.One of the two startups is Qraft Technologies, which is operating four exchange-traded funds (ETFs)
Samsung Heavy Industries (SHI) booked orders exceeding 3 trillion won in a week.The company announced on Oct. 25 that it has won orders for four LNG carriers worth 971.3 billion won from a shipping company in the Bermuda region. The price per LNG carrier is US$206 million, the highest since 2015.On
SK E&S is moving to enter the logistics business using liquefied hydrogen drones.The company plans to use liquefied hydrogen drones for safety inspections of facilities that are difficult for humans to access, such as urban gas pipes buried in remote places and long-distance offshore wind farms.Hydr
The Korea Institute of Energy Technology (KENTECH), which is scheduled to open in March next year as the world's only university specializing in energy, recently organized the first Energy Forum to shed light on the development of alternative energy sources for carbon neutrality. Following are e
Hyundai Heavy Industries Group will develop hydrogen fuel cells for ships by partnering with the world's largest powertrain developer.The group signed a memorandum of understanding (MOU) with AVL, an Austrian powertrain developer, to jointly develop hydrogen fuel cells for ships by 2025. A signi
The Korea Institute of Machinery and Materials (KIMM), an institution under the Ministry of Science and ICT, has developed an innovative process that uses renewable energy to produce ammonia at room temperature and normal pressure. This innovative technology is expected to dramatically contribute to
LG Display will invest 3.3 trillion won by 2024 to expand its capacity to produce small and medium-sized OLED panels, which have enjoyed a boom since the outbreak of the novel coronavirus.The company announced on Aug. 17 that its board approved the investment plan in a meeting on Aug. 13. Previously
SK Hynix announced on July 28 that it has selected Eco Energen as its fifth technology innovation company and forged a technology development partnership.Eco Energen has expertise in reducing and removing pollutants. It will jointly develop scrubber water recycling technology with SK Hynix over the