SK telecom announced on Jan. 14 that its President Ryu Young-sang and key executives participated in the world’s largest IT and consumer electronics show, CES 2024, which concluded on Jan. 12. They focused on expanding collaborations with global partners based on the company’s AI Pyramid strategy.Th
South Korea would be hit hard if China invaded Taiwan and a war broke out, according to a forecast by Bloomberg Economics.On Jan. 9 (local time), Bloomberg Economics, an economic research institute affiliated with Bloomberg News, said the geopolitical crisis in Taiwan could intensify ahead of a pres
The Incheon Free Economic Zone Authority announced that Yoo Jeong-bok, mayor of Incheon Metropolitan City, participated in the Consumer Electronics Show 2024 being held from Jan. 9 to 12.At this year’s CES 2024, Incheon is operating a 132.23 square meter pavilion in the North Hall of the Las Vegas C
Considering the key role of electronics in future cars, alliances between electronics and automotive companies, dubbed E-Vehicle Alliances, are being formed worldwide.Sony Honda Mobility, the electric vehicle joint venture of Sony and Honda, held a press conference in Las Vegas on Jan. 8 (local time
Korea’s current account has been in surplus for seven consecutive months as its exports recovered.Korea’s current account surplus stood at US$4.06 billion in November last year, according to provisional balance of payments statistics released by the Bank of Korea on Jan. 9. It had been in surplus fo
Samsung Electronics’ stock price has been struggling to reach the 80,000-won (US$60.61) mark. On Jan. 9, the company concluded the market at 74,700 won, recording a decrease of 1,800 won, or 2.35%, compared to the previous day. Although Samsung Electronics briefly rose to 77,000 won in the early mar
In 2023, overseas construction orders totaled US$33.31 billion, exceeding US$30 billion for the fourth consecutive year. However, it is just short of the target of US$35 billion.According to the Ministry of Land, Infrastructure, and Transport (MOLIT) on Jan. 8, 321 Korean overseas construction compa
In 2023, foreign direct investment (FDI) in Korea exceeded US$32.7 billion, a record high. High-tech materials, parts, and equipment such as semiconductors, secondary batteries, and biotech items led the increase in FDI in Korea.According to the Ministry of Trade, Industry and Energy on Jan. 4, FDI
The Korean government has set a year-on-year increase of 8.5 percent in exports as a target for 2024 compared to last year. It has also set a target to begin an era of US$700 billion in exports in 2024. The key will be the recovery of semiconductor exports and exports to China blamed for a drop in K
Semiconductor stocks including those of Samsung Electronics and SK hynix fell altogether.On the KOSPI and KOSDAQ stock market on Jan. 3, stocks of semiconductor giants and even companies producing materials, components, and equipment for chipmakers fell due to an anti-China export control issue invo
The landscape of venture investment, including startups and other unlisted companies, has undergone significant changes after enduring a cold spell lasting more than a year and six months. Instead of Software as a Service (SaaS), the rise of manufacturing industries such as semiconductors has become
Key Foundry, an 8-inch pure-play foundry semiconductor company acquired by SK hynix, announced on Dec. 3 that it has changed its name to SK keyfoundry.The updated company name has been in use since Jan. 1, following a recent shareholder meeting approval. SK keyfoundry also completed domestic and int
The foundry business that produces batteries developed and designed by customers is rising as a hot issue in the battery industry with automakers set to launch a large number of new electric vehicle (EV) models this year.The foundry business generally belongs to the semiconductor industry. In the 19
South Korea recorded a trade deficit of US$9.97 billion last year, marking the second consecutive year of deficit since 2022. However, the trade deficit in the past year contracted compared to 2022 when it was US$47.78 billion, primarily due to the recovery in exports in the latter half of the year.
In December of last year, domestic semiconductor exports recorded the highest annual growth rate yet. The prices of memory semiconductors, the main export products of Samsung Electronics and SK hynix, have consistently been on the rise.According to the Ministry of Trade, Industry, and Energy on Jan.
SK hynix has embarked on strengthening its research and development (R&D) capabilities to enhance its high-performance NAND competitiveness by successively recruiting NAND flash memory experts from Intel with decades of experience.According to industry sources on Dec. 28, SK hynix America this month
Samsung Electronics and SK hynix are making strides in commercializing “On-sensor AI” technology for image sensors, aiming to elevate their image sensor technologies centered around AI and challenge the market leader, Japan’s Sony, in dominating the next-generation market.At the “SK Tech Summit 2023
Last month witnessed a turnaround in domestic production and consumption with an increase, while investments declined for the second consecutive month.According to the “Industrial Activity Trends for November 2023” report released by Statistics Korea on Dec. 28, overall industrial production, exclud
LS Group announced on Dec. 28 that it plans to invest over 2 trillion won to venture into the secondary battery materials sector. LS Corporation, the holding company, and its subsidiary, LS MnM, is set to embark on the construction of production facilities for secondary battery materials in earnest
The author is an analyst for NH Investment & Securities. He can be reached at bk@nhqv.com -- Ed.In 2023, an inflection point for the stock market was reached reflecting the differing stances taken by the Fed and market participants. Recently, the Fed has begun looking ahead toward lowering interest