비지니스코리아 Michael Herh (pr@businesskorea.co.kr)HD HHI and Hanwha Ocean have mapped out plans to reduce the proportion of merchant ship orders this year and focus on the naval vessel business in 2024.On Jan. 3, HD HHI set a US$988 million order target for its specialty ship (naval vessel) business, whi
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
Samsung Electronics is set to unveil an artificial intelligence (AI)-equipped Galaxy smartphone, marking a bold challenge to Apple in the fiercely competitive global smartphone market. The South Korean giant announced on Jan. 3 its plan to host the Samsung Galaxy Unpacked 2024 event in San Jose, Cal
As electric vehicles (EVs) loaded with Chinese batteries have finally been scratched off the list of EVs that can receive tax credits in accordance with the U.S. Inflation Reduction Act (IRA), voices are growing that the Korean battery industry may enjoy reflective benefits from it. However, a large
Overseas luxury brands are once again raising product prices early in the new year.According to the retail industry on Jan. 2, Hermes has raised the prices of its shoe products starting from Jan. 1. Among the various models of “Oran” sandals, the one crafted from lizard leather has witnessed a subst
In the domestic automotive market, a significant deceleration in the demand for electric cars is becoming apparent. Specifically, there will also be a decrease in government subsidies for electric car purchases this year. The aversion of domestic consumers towards electric cars, which are positioned
President Yoon Young-jun of Hyundai E&C expressed his intention to focus the company’s capabilities more on overseas markets than the domestic market in the new year.In his New Year’s address on Jan. 2, President Yoon stated, “Despite the dark clouds over the construction market due to the triple ch
The author is an analyst for NH Investment & Securities. He can be reached at sw.kang@nhqv.com -- Ed.We attribute the strong yield drop of 4Q23 to a reversal of the sharp r* increase fears of 3Q23, rather than bets on economic downturn. Of note, the Fed’s actual r* estimate was halved in 4Q23. For t
LG Display will unveil its next-generation in-vehicle display solutions at CES 2024, the world’s largest IT and consumer electronics show held in Las Vegas, Nevada, in the United States.LG Display will be exhibiting at the West Hall of the Las Vegas Convention Center (LVCC) with a booth about in-veh
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
Earnings at Samsung C&T have been leveling upwards on strong earnings at the construction division through captive clients and brisk growth at the bio division. Based on such, the firm has announced plans to: 1) expand investment to strengthen its business portfolio; and 2) retire all of its treasur
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.
A public tender for a 4.7 trillion won stake in NXC, the holding company of Nexon, has ended empty-handed again.The second tender for 851,968 shares (29.3 percent stake) of NXC failed to find buyers, according to the Online Tender Offer System of Korea Asset Management Corporation (KAMCO) on Dec. 29
A plenary session of the National Assembly passed an amendment to the Capital Markets and Financial Investment Business Act, which will require large-scale stock transactions by insiders of listed companies to be disclosed in advance beginning from the second half of 2024.The Financial Services Comm
The National Tax Service (NTS) announced on Dec. 28 that it has collected 1.35 trillion won (US$1.05 billion) in tax assessments in the area of overseas tax evasion alone through tax investigations conducted this year. The figure exceeds the average annual collection for the three years before the C
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 imported car market in Korea which has been dominated by Mercedes-Benz, BMW, Audi, and Volkswagen, is in the midst of a fierce standings battle in the lead up to the end of 2023 so much attention is being paid to whether the market landscape will change. Mercedes-Benz, which has held the top spo
Thirty-one electric vehicle (EV) models, or about 80% of all subsidized EV models in the United States this year, use Korean-made batteries, according to sources in the battery industry. This is an increase of 14 in seven months from 17 in April.The 31 subsidized EV models in the United States as of
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
The National Tax Service announced on Dec. 27 that it has resolved 125 cases of double taxation through mutual agreement procedures with tax authorities in 16 countries from January to November this year to alleviate unfair double taxation for domestic and foreign taxpayers and create a favorable en