The Korean government is considering supplying electric power to the Yongin System Semiconductor Cluster in Gyeonggi Province from a hydrogen to gas turbine (H2GT) power plant.The Ministry of Trade, Industry and Energy discussed a plan to build a new liquefied natural gas (LNG)-fired power plant wit
SK bioscience, an innovative vaccine and biotech company committed to promoting human health from prevention to cure, announced that the company’s CEO, Jaeyong Ahn has virtually participated as a panelist in the academic workshop session of ‘Pandemic Product Research and Development: Insights from P
The author is an analyst for Shinhan Securities. She can be reached at inhae.ji@shinhan.com -- Ed.Leading indicator of media sector turnaroundWe note that the upturn in share prices of domestic media plays including production studios is closely linked to the recovery of ad market conditions at home
LG Electronics CEO Cho Joo-wan held a press conference at LG Science Park in Magok, Seoul, on July 12.He introduced strategies to discover new opportunities for creating customer value amid market trends and changes in the business environment, and turning them into tangible results.Cho stated, “LG
The author is an analyst for Shinhan Securities. He can be reached at jk.ahn@shinhan.com -- Ed.Lowered expectations for US rate cuts, strong external headwinds for 3Q23US Treasury yields are unlikely to move lower in 3Q. The Silicon Valley Bank crisis and the ensuing financial market unrest that tri
The economic effects of the Korean Wave have reached 37 trillion won in the last five years, according to a study.The Korea Economic Research Institute (KERI) said on July 10 that Korea enjoyed 37 trillion won (US$29 billion) in economic effects thanks to the Korean cultural wave from 2017 to 2021.
The exports of automotive lubricants by Korean companies to Russia have surged since Russia’s invasion of Ukraine, raising suspicions that the goods may have been diverted for military use. The Korean companies have strongly denied these suspicions.On July 9 (local time), Britain’s Financial Times (
The K-Ricebelt initiative, aimed at increasing rice production in Africa by disseminating Korean rice seeds and agricultural technology, has officially begun.The Ministry of Agriculture, Food and Rural Affairs held the K-Ricebelt Ministerial Meeting at the JW Marriott Hotel in the Seocho district of
The author is an analyst for Shinhan Securities. He can be reached at ym.ko@shinhan.com -- Ed.2Q23 preliminary results: Better-than-feared earnings from MX Samsung Electronics disclosed preliminary 2Q23 results at company-wide operating profit of KRW0.6tr (continued loss QoQ) on sales of KRW60tr (-6
As Korean battery companies such as LG Energy Solution, Samsung SDI, and SK on head to the United States, they are faced with an unexpected problem –- the emergence of a local labor movement. They are pressuring Korean battery companies over wage negotiations. If the situation becomes prolonged, it
Lotte World Tower’s SKY31 Convention center, operated by Lotte Property & Development, has been selected as a “Korea Unique Venue.”A Korea Unique Venue, selected jointly by the Ministry of Culture, Sports, and Tourism and the Korea Tourism Organization, represents a space capable of hosting meeting,
The four major conglomerates - Samsung, SK, Hyundai Motor, and LG - have virtually returned to the Federation of Korean Industries (FKI). The return isn’t in the form of re-enlistment, but rather through the transfer of membership from affiliated research institutions.According to industry insiders
Samsung Electronics has revealed its technological road map to gain a competitive edge in semiconductors smaller than 3 nanometers (1 billionth of 1 meter). The company plans to be the first in the world to implement 3D packaging technology, vertically stacking Gate-All-Around (GAA) chips produced i
The five major Korea-based automakers (Hyundai Motor, Kia Corp., KG Mobility, Renault Korea Motors, and GM Korea) enjoyed increases in their sales volume in June, thanks to a peak season.According to industry sources on July 3, the five carmakers sold a total of 133,803 units in the Korean market in
The author is an analyst for NH Investment & Securities. He can be reached at soohong.cho@nhqv.com -- Ed.Auto inventories are likely to remain tight until yearend. Despite peak-out concerns, we anticipate sound earnings visibility. Confirmation of favorable business in 2H23 should restore confidence
Huawei announced they will launch a complete set of commercial 5.5G network equipment in 2024 at the 5G Advanced Forum during MWC Shanghai 2023. Huawei's Director and President of ICT Products & Solutions Yang Chaobin who made the announcement said the company intends for this launch to mark the
The author is an analyst for NH Investment & Securities. He can be reached at pk.park@nhqv.com -- Ed.Given the VBP policy implemented in Apr 2023, we caution against high expectations toward Dentium’s 2Q23 sales. But, with its Chinese market Q forecasted to climb by 50% in 2Q23, and with the VBP pri
The global container shipping market has entered a traditionally busy season, but the rebound in volume has been minimal. The sale of HMM, Korea’s largest shipping company, is also going adrift as the shipping market fell into a deep post-pandemic slump.According to industry data on July 2, the Shan
The author is an analyst for NH Investment & Securities. He can be reached at jaemin.ahn@nhqv.com -- Ed.With another earnings season to begin in July, and with a semi-peak season for ad and commerce having begun, we examine whether Internet firms have achieved q-q earnings growth in 2Q23. Although g
On June 24, Kim Jun, vice chairman of SK innovation, emphasized at the SK Innovation Global Forum held in San Jose, California, “This year must be the year when the ‘Carbon to Green’ strategy materializes in the market.”SK innovation, South Korea’s first oil refining company, is accelerating the gre