South Korean semiconductor companies’ business conditions are deteriorating. Memory chip prices are falling fast to affect their profitability and the United States is increasingly curbing China’s growth in the sector with their business in China already large in scale.According to market research f
The South Korean government is supposed to decide whether to join the ‘Chip 4 alliance’ by the end of this month. The idea proposed by the United States is to build a stable supply chain in the semiconductor industry by utilizing the United States’ chip design capabilities and core technologies, Sou
Hyundai Motor Group was ranked fifth in the global EV sales rankings announced by Japan’s Nihon Keizai Shimbun on July 28.The rankings were based on electric vehicle sales data in 66 countries compiled by MarkLines, a company specializing in automobile market research. Tesla of the United States cam
SK Group chairman Chey Tae-won said on July 27 that South Korea will choose the best for itself in the end with regard to the U.S.-led alliance in the semiconductor industry and China’s opposition to South Korea’s participation in the alliance. The chairman met with U.S. President Joe Biden on July
Samsung Electronics and LG Display appear to have failed to narrow their differences over the former's procurement of the latter's OLED TV panels."A potential customer was interested in using our OLED TV panels and some progress were made in our talks, but at the moment, no discussion is und
The Korea Institute of Nuclear Safety and the Nuclear and Radiological Regulatory Commission of Saudi Arabia have recently signed a US$2.32 million contract.The purpose of the contract is to share the institute’s research reactor technology with the commission. In Saudi Arabia, a 30 KW research reac
Independent lawmaker Yang Hyang-ja, head of the Semiconductor Industry Special Committee, met with Chinese Ambassador to South Korea Xing Haiming on July 25.“China adheres to fair market principles, including the principle that China-South Korea collaborations in various industries such as semicondu
China is increasing its pressure on South Korea not to join the U.S.-Japan-Taiwan alliance in the semiconductor industry.According to experts, this pressure has to do with memory chips. “China is aiming to reduce its external dependence to 30 percent by 2025 and this goal cannot be met without Samsu
The author is an analyst of KB Securities. He can be reached at joonsop.analyst@kbfg.com. -- Ed. SK telecom acquires 3.09% stake in Hana Financial Group for KRW330bn— On Jul 22, SKT acquired a 3.09% stake in Hana FG while selling its 15% stake in Hana Card to Hana FG to strengthen its partnership wi
U.S. Treasury Secretary Janet Yellen emphasized the need for cooperation in supply chains between the United States and South Korea during her visit to LG Chem on July 19. Yellen visited LG Science Park in Magok-dong, Seoul, the hub of LG Group's technology R&D.“We want to prevent dogmatic count
South Korean President Yoon Suk-yeol and U.S. Treasury Secretary Janet Yellen met in Seoul on July 19. He said that her visit would lead to an even closer partnership between the two states.“With various crises spreading across the world, the alliance between the United States and South Korea will c
Independent lawmaker Yang Hyang-ja, head of the Semiconductor Industry Special Committee, remarked on July 19 that South Korea should join the alliance of the United States, Japan and Taiwan in the semiconductor industry and new semiconductor-related departments need to be opened in at least 15 univ
The United States is urging South Korea to join its alliance in the semiconductor industry and, at the same time, China is putting pressure on South Korea against the move. The Global Times said in its July 18 editorial that South Korea’s participation in the alliance would do more harm than good.“L
HMM, the nation’s largest shipping company, plans to expand its capacity from the current 820,000 TEUs to 1.2 million TEUs by 2026 and invest 15 trillion won in strategic shipping assets during the next five years.HMM announced a mid- to long-term strategy at its main office in Yeouido, Seoul, on Ju
The South Korean government is in a dilemma as the United States is urging it to join its alliance in the global semiconductor sector. In the alliance, South Korea can strengthen its supply chain in the industry. However, joining it also means Samsung Electronics and SK Hynix may become more vulnera
Lotte Chemical is expected to participate in a global blue hydrogen and ammonia alliance promoted by Saudi Aramco, the world’s largest energy company.The company has recently started talks with Saudi Aramco on cooperation in the blue hydrogen and ammonia business. Officials from the two companies re
The Startup Alliance Korea announced on July 3 that a total of 164 new startup investments, 1.8555 trillion won in total, were made in June this year. Compared to the previous month, the amount of investment increased, but the number of cases decreased.Last year, the annual startup investment in Sou
The Huawei ICT Competition 2021-2022 Global Final in Shenzhen drew to a close on June 25. This year marks the sixth Huawei ICT Competition, which included three competitions – Practice, Innovation and Industry – attracted 150,000 students from more than 2,000 universities in 85 countries and regions
Korea Hydro & Nuclear Power (KHNP) announced on June 30 that it took part in a regular general meeting of the Utilities Service Alliance (USA), an American nuclear power plant operator group, for three days from June 28 to 30 (local time).The event, held in Idaho of the United States, was attended b
The author is an analyst of NH Investment & Securities. He can be reached at midas.sohn@nhqv.com. -- Ed. Earnings are on the rise at Kencoa’s MRO division, thanks to orders related to the PTF conversion of Airbus aircraft. With the maintenance cycle of Korean military aircraft to arrive from 2023, t