Chinese companies’ share in the European electric vehicle (EV) battery market is sharply rising. Concurrently, Korean battery companies, which have been strong players in the European market, have seen their share on the decline, losing ground to their Chinese competitors.According to market researc
The KOSPI index has fluctuated amid consecutive adverse developments, returning to its January levels. Compared to the annual high of 2,667.07 on Aug. 1, it has declined by 13.7 percent.On Oct. 26, the KOSPI index closed at 2,299.08, marking a 2.17 percent decline, while the KOSDAQ index concluded a
Starting next year, foreign residents in South Korea seeking eligibility for health insurance as dependent beneficiaries must have a minimum of 6 months of residency.According to the Ministry of Health and Welfare and the National Health Insurance Service on Oct. 26, an amendment to the Health Insur
Park Yong-in, who oversees Samsung Electronics’ system semiconductor design operations as President of the System LSI Division, expressed confidence in the success of the company’s latest mobile application processor, the Exynos 2400.On Oct. 26, following his keynote address at Semiconductor Expo 20
The author is an analyst for NH Investment & Securities. He can be reached at minwoo.ju@nhqv.com -- Ed.Amid unexpectedly weak demand for EVs, some OEMs have delayed their EV production plans. Conservative capacity expansion is also inevitable at LGES. We highlight the importance of confirming trigge
The author is an analyst for NH Investment & Securities. He can be reached at kyuha.lee@nhqv.com -- Ed.Sales of the recently released smartphones of LGI’s main North American customer may prove slower than initially expected. In line, we lower our earnings forecasts and TP. However, considering both
The author is an analyst for NH Investment & Securities. He can be reached at kyuha.lee@nhqv.com -- Ed.Although OLED TV demand remains weak, the expansion of OLED shipments for the smartphones of a North American customer is positive. We see strong chances for LGD to turn to profit in 4Q23. LGD’s ea
A survey found that LG Electronics was the most popular company among Korean consumers in home appliances such as refrigerators and washing machines. In the TV category, one of the three major home appliances, Samsung Electronics snagged the top spot.CEO Score, a company data research center, said o
Amid growing global attention on the Middle East due to an armed conflict between Israel and the Palestinian militant group Hamas, the number of overseas subsidiaries established by large Korean companies has surpassed 110 in major Middle Eastern countries, according to a survey.The Korea CXO Instit
In the third quarter, LG Display reported an operating loss of 662.1 billion won (US$489 million), marking the sixth consecutive quarter of losses. However, it is showing an improvement in its performance by reducing its deficit compared to the first quarter of this year, where it had an operating l
LG Energy Solution has decided to utilize its new Arizona factory as the primary production hub for the cylindrical 46 Series battery. The company also unveiled detailed production plans for the budget-friendly product line, including the lithium-iron-phosphate (LFP) by 2026 and the lithium-manganes
Officials from the Suseo High-Speed Railway operator SR and Hyundai Rotem are under investigation in connection with a suspected 1 trillion won (US$738 million) bid-rigging scandal involving third-generation high-speed train procurement.According to the police on Oct. 17, the Financial Crimes Invest
China’s move to control exports of graphite, a key raw material for secondary batteries, beginning from the end of the year has put the Korean battery industry on alert. The Korean industry is more than 90 percent dependent on China for graphite. This means that it is a real challenge for the indust
Samsung SDI and Hyundai Motor Group have entered into an agreement for the supply of electric vehicle batteries for the first time. Following their collaboration in automotive electrical and electronics parts, including semiconductors, this expansion into the battery sector marks the broadening of t
The European Union (EU) will boost global infrastructure projects to counter China’s Belt and Road Initiative.The EU will host the Global Gateway on Sept. 25 and 26. Leaders from more than 20 countries, including Bangladesh, Senegal, Namibia and Moldova, will attend the event, Bloomberg reported on
The author is an analyst for NH Investment & Securities. She can be reached at eunsang.lee@nhqv.com -- Ed.We expect LX Hausys’s 3Q23 results to come in sound, matching the figures posted in 2Q23. Meanwhile, the valuation gap with Hanssem has widened. The slowdown in construction starts from 2022 is
It is expected that domestic petrochemical companies engaged in the oil refining business will achieve an improvement in their performance in the third quarter. After incurring significant losses in the second quarter, the oil refining sector is anticipated to generate profits due to the upward tren
President Yoon Suk-yeol will visit Saudi Arabia and Qatar on a four-day, six-night state visit starting on Oct. 21. This will mark the first time a Korean head of state has paid a state visit to Saudi Arabia and Qatar.President Yoon will arrive in Riyadh, the capital of Saudi Arabia, on Oct. 21 (loc
Chinese battery companies, known for their strength in lithium iron phosphate (LFP) batteries, are leveraging ternary batteries, which are the mainstay products of Korean battery companies, to increase their market share in Europe.According to a report titled “Factors and Implications for Chinese Co
Samsung Electronics is formalizing plans to introduce a “Spam Message Box” on its mobile phones.The Korea Internet & Security Agency (KISA) announced on Oct. 18 that they had entered into a business agreement with Samsung Electronics for the development and operation of malicious text message filter