The rise of Poland as a prominent hub for Eastern European electric vehicle battery and defense industries has positioned it as a strategic focal point for domestic and international corporations. The recent collaboration with Ukraine’s reconstruction efforts has also attracted attention from domest
The recent downgrade of the United States credit rating by Fitch due to fiscal deficits and government debt holds important lessons for South Korea, which finds itself grappling with an inability to break free from the addiction to expanding its fiscal measures. Under the stewardship of the Moon Jae
The author is an analyst for Shinhan Securities. He can be reached at yjjung86@shinhan.com -- Ed.After-sales parts division entering the home stretch to recoveryThe key variable determining auto sector earnings has been shifting from ASP levels (inflation) in 2022 to the normalization of supply chai
According to industry sources on Aug. 1, the LG Group is planning to double its current investment in U.S. Silicon Valley venture companies through its Corporate Venture Capital firm, LG Technology Ventures, to 1 trillion won. The aim is to synergize with the future businesses of each LG Group affil
Samsung Chairman Lee Jae-yong ambitiously invested 9 trillion won (approximately US$8 billion at the time) in the company Harman, and after a span of about six years Harman has now firmly established itself as a robust and integral part of Samsung Electronics’ business portfolio.In Samsung Electroni
The trend of collaborations between domestic and foreign enterprises of various sizes to achieve success in new drug development is on the rise. Such collaborations are viewed within the industry as a potential model for “Korean-style Open Innovation” in the pharmaceutical and biotech sectors.Accord
The newly appointed CEO, Lee Hak-jae, is set to propel Incheon International Airport’s logistics services into a new era. His leadership promises to infuse fresh vitality into the airport’s logistics operations and fulfill his vision of establishing Incheon as a global logistics hub.Born in 1964, Pr
For the first time, Chinese shipbuilders have won large containership orders from global shipping giants. The Chinese government gave full support to the Chinese shipbuilder in landing this order. This helped China rise as the No. 1 shipbuilding powerhouse for large containerships in the world in th
The author is an analyst for Shinhan Securities. He can be reached at ldh@sinhan.com -- Ed.2Q23 review: Earnings surpriseDoosan Bobcat reported sales of USD2.03bn (+15% YoY) and operating profit of USD360mn (+44% YoY) for 2Q23, an earnings surprise that exceeds market estimates by 3.2% and 28.3%, re
The export status to Australia of Hanwha Aerospace’s Infantry Fighting Vehicle (IFV), the Redback, is expected to be announced within a few days. When it was tendered in 2018, the project’s scale was 450 armored vehicles (approximately 16 to 24 trillion won), but due to the change of the Australian
SK Inc. announced that its board of directors (BOD) held a meeting on July 26, in which the board declared to distribute an interim dividend of KRW 1,500 per share, matching last year’s payout. The total interim dividend payout amounts to approximately KRW 83.6 billion. SK Inc. has been distributing
HK inno.N Corp. announced on July 24 that its new drug for gastroesophageal reflux disease, K-CAB (active ingredient: Tegoprazan), has been granted product approval by Peru's National Medicines Authority (DIGEMID) on July 21.In 2018, the company inked a contract with “Laboratorios Carnot,” a lea
Chinese banks that have entered the Korean market have faced a wave of sanctions from the Financial Supervisory Service (FSS) for breaching reporting obligations.The simultaneous sanctions imposed on Chinese banks are considered unusual, demonstrating the financial authorities’ determination to take
In the first six months of this year, the net issuance of Korean Paper denominated in foreign currencies by domestic residents, excluding the government, amounted to US$13.3 billion. This marks a significant increase compared to the previous year’s annual net issuance of US$11.4 billion. Furthermore
In the United States, a road has been named after South Korean conglomerate SK Group.SK on announced on July 20 that “Steve Reynolds Industrial Parkway,” a road near the SK Battery America (SKBA) facility in Commerce City, Jackson County, Georgia, has been renamed SK Boulevard. Jackson County decide
As the battery technology development cycle gets shorter and shorter, China heats up the race to secure patents, ratcheting up tension in the battery industry.China’s CATL, the world’s No. 1 battery maker by market share, recently registered a patent on a battery technology in just 39 days according
Korean Trade, Industry and Energy Minister Lee Chang-yang asked the government of Turkmenistan, the world’s fourth-largest natural gas producer, to support Korean companies in winning plant projects. The projects are worth US$2.5 billion (about 3.2 trillion won).Turkmenistan’s natural gas reserves a
Mirae Asset Global Investments announced on July 18 that the net assets of ETFs it manages worldwide have exceeded US$100 billion.As of July 18, Mirae Asset Global Investments manages 538 ETFs in 14 regions worldwide, including Korea, the United States, Canada, Australia, and Japan. The total net as
SK Co., Ltd. announced on July 18 that it had selected Brain Asset Management as the preferred negotiating partner for capital raising (pre-IPO) of its contract development and manufacturing organization (CDMO) subsidiary SK pharmteco. The scale of the investment attraction is around 500 million dol
South Korea’s share of China’s total imports descended to the low 6 percent range.According to data from the Chinese government, South Korea’s exports to China in the first half of this year totaled US$77 billion, down 24.9 percent from the same period of 2022.During the same period, China’s total i