Doosan Enerbility is joining hands with Siemens Gamesa Renewable Energy to strengthen the competitiveness of its offshore wind power business.The company announced on Feb. 7 that it had signed a framework agreement on pursuing strategic collaboration with Siemens Gamesa, the world’s leading manufact
LG Group has published the "LG Net Zero Special Report," disclosing the step-by-step greenhouse gas emission reduction plans and targets of its seven key subsidiaries that account for 99 percent of the group's emissions.The seven affiliates are LG Electronics, LG Display, LG Innotek, LG Chem, LG
A warning light has been lit on Korea's export front. Due to a sluggish global semiconductor industry, Korea’s semiconductor exports were cut in half, and Corporate Korea suffered the largest-ever January trade deficit. In particular, the Korean economy is faced with the troubling fact that the
The author is an analyst of KB Securities. He can be reached at kimtaehee@kbfg.com. -- Ed.Top pick for Pharmaceuticals & Biotechnology We maintain BUY and TP of KRW1,200,000 on Samsung Biologics. Our TP remains unchanged despite revisions to 2023 ERP and RFR and slight downward adjustments to earnin
The author is an analyst of NH Investment & Securities. She can be reached at eunsang.lee@nhqv.com. -- Ed. While top-line reduction appears inevitable for LX Hausys, various cost factors are easing, and B2B construction materials sales are solid. OPM improvement in 2023 is clear, but the pace of hou
The author is an analyst of NH Securities and Investment. He can be reached at yk.choi@nhqv.com. -- Ed.Hyosung Advanced Materials is forecast to report sluggish 4Q22 tire cord earnings due to off-peak seasonality. However, top-line growth and profitability improvement continue at the carbon fiber bu
Hanwha Solutions vice chairman Kim Dong-kwan discussed future business cooperation with CEOs of global companies at the Davos Forum.Hanwha Group announced on Jan. 19 that Kim, the eldest son of the group's chairman Kim Seung-youn, met with CEOs of global companies in the fields of liquefied natu
Vestas, the world’s largest wind turbine manufacturer, reported a US$300 million investment in South Korea at the World Economic Forum in Davos, Switzerland.An investment report signing ceremony was held at a hotel in Davos in the presence of Trade, Industry and Energy Minister Lee Chang-yang and Ve
The author is an analyst of NH Investment & Securities. He can be reached at ys.jung@nhqv.com -- Ed.Expectations for an increase in demand for renewable energy are rising again, thanks to Hanwha Solutions’ expansion of photovoltaic manufacturing facilities in the US and Vestas’ strong order intake i
The Ministry of Trade, Industry and Energy announced that South Korea’s annual nuclear power generation would be 201.7 TWh and its ratio to the total would be 32.4 percent in 2030 according to its long-term plan finalized on Jan. 12.In addition, LNG-based power generation and renewable energy-based
The author is an analyst of NH Investment & Securities. He can be reached at minjae.lee@nhqv.com. -- Ed. In 2022, India produced 860mn tons of coal (+13% y-y), making it the second-largest consumer of coal after China. The produced coal is mainly used for domestic demand, with more than 75% used for
The author is an analyst of NH Investment & Securities. He can be reached at minjae.lee@nhqv.com. -- Ed. Europe’s energy crisis woes should lessen on reduced electricity demand stemming from both abnormally high winter temperatures and improved wind conditions. Even if the remainder of the winter se
SK Innovation announced on Jan. 8 that the company's key executives held their first strategy meeting in 2023 on the sidelines of CES 2023 in Las Vegas on Jan. 6 (local time).Vice Chairman Kim Joon and key executives of SK Innovation confirmed that the company is creating meaningful achievements
SK ecoplant announced on Jan. 5 that it signed an MOU with China State Construction Engineering Corp. (CSCEC) on Jan. 4 for cooperation in global renewable energy.The gist of this agreement is that the two companies will actively cooperate in the joint development of renewable energy projects overse
Hyundai Motor Group announced on Jan. 4 that its U.S. subsidiary Supernal will develop advanced future aviation solutions in cooperation with Microsoft, which has technologies for autonomous flight simulations.The two sides will promote cooperation in a wide range of fields, including cloud converge
LS Group chairman Koo Ja-eun vowed to invest over 20 trillion won over the next eight years to double the group's assets from the current 25 trillion won to 50 trillion won by 2030.Koo disclosed the group's Vision 2030 in a ceremony held on Jan. 2 to celebrate the start of the New Year.Durin
POSCO announced on Dec. 29 that it has localized the production of hydrogen storage tanks in cooperation with Energyn, a Korean company specializing in gas container manufacturing.Hydrogen storage tanks are a key element in expanding hydrogen charging station infrastructure, but currently, the Korea
SK ecoplant announced on Dec. 28 that it will introduce its future energy value chain at CES 2023 to be held in Las Vegas of the United States from Jan. 5 to 8.SK Group’s eight affiliates including SK ecoplant will participate in CES 2023 to showcase their advanced energy, communication, semiconduct
The Korea Chamber of Commerce and Industry announced on Dec. 26 that 1,612 domestic listed companies’ sales for the first three quarters of this year increased 19 percent year on year but their sales growth rate fell 2.3 percentage points in the third quarter of this year.“Their total assets and lia
Doosan Enerbility is joining hands with research institutes at home and abroad to support the adoption of ammonia co-fired power plants in Vietnam. Using a mixture of ammonia and other existing fuels of power plants has the effect of reducing the carbon gas emissions, while maintaining the same leve