JW Holdings has commenced the full-scale export of “WINUF Central 736-1085 ml,” a three-chamber comprehensive nutritional fluid product, to Asia Pharma LLC in Mongolia, as announced on Nov. 28.JW Holdings, overseeing JW Group’s global operations, had previously secured an exclusive supply contract f
On Nov. 27, Incheon Free Economic Zone Authority (IFEZ) announced that a delegation of 11 researchers, including Professor Han Nam-sik, AI Center Director at the Milner Research Institute affiliated with the University of Cambridge, and Senior Researcher Georgia Sakkoziorga visited IFEZ. They toured
Hanwha Ocean has disclosed on Nov. 27 that it has secured an order for a very large liquefied petroleum gas (LPG) and ammonia carrier from a shipowner in Oceania. The ship, to be constructed at Hanwha Ocean’s Geoje shipyard, is scheduled for delivery in the second half of 2026.The contracted vessel,
The Korean nuclear power industry has growing anticipation for exporting nuclear power plants to Europe.Korea and the United Kingdom signed nine memoranda of understanding (MOUs) on nuclear power cooperation on the occasion of Korean President Yoon Suk-yeol’s state visit to the United Kingdom on Nov
As the Hong Kong Hang Seng China Index (HSCEI) has experienced a sharp decline, it has led to substantial capital losses of over 40 percent in Equity Linked Securities (ELS) products based on this index. In response to the significant risks in the trillions of won facing HSCEI-linked ELS, the Financ
Hanwha Aerospace has announced a groundbreaking 175.9 billion won (US$143.4 million) contract with the U.K.’s BAE Systems for the supply of modular charge systems (MCS) for 155 mm artillery shells used by NATO member countries. The contract was revealed on Nov. 23.The MCS, a cylindrical modular prop
With a short-term external debt ratio reaching a historically low level in the third quarter of this year, South Korea’s ability to meet external obligations is demonstrated by an increase of US$21.4 billion in net external financial assets in just one quarter. This is because debts decreased more s
SK earthon, a subsidiary of SK innovation dedicated to resource development, announced on Nov. 22 that it has started the shipment of crude oil produced from the Lufeng 12-3 oil field in Block 17/03 located in the northeastern South China Sea. The production of this crude oil, which commenced in Sep
The average wages of employees belonging to the “Big 3” shipyards in South Korea -- HD Hyundai Heavy Industries, Samsung Heavy Industries, and Hanwha Ocean -- have increased by approximately 15% in the past year. Particularly noteworthy is Hanwha Ocean, where the average wage surged by around 12 mil
Korea’s real gross domestic product (GDP) is expected to rise by 2.0 percent next year from this year, according to the state-run Korea Institute for Industrial Economics and Trade (KIET) in its 2024 Economic and Industrial Outlook report released on Nov. 20. The relatively conservative forecast is
In the wake of U.S. regulations stymieing China’s semiconductor ambitions the country has shifted its focus to general-purpose semiconductors. Facing challenges in acquiring advanced semiconductor technology due to equipment import controls, China is significantly enhancing its production capacity i
Samsung Electronics has set a goal to increase the sales proportion of artificial intelligence (AI) chips in its foundry (semiconductor contract manufacturing) business to 50% by 2028.According to sources in the semiconductor industry on Nov. 20, the current revenue breakdown by application for Sams
Kia’s Chinese joint venture is grappling with the challenge of “complete capital erosion,” struggling to break free from the quagmire. In this situation, local car sales remain sluggish, and with expenses continually increasing, the scale of debt has grown further.According to Kia’s quarterly report
Thomas Ingenlath, CEO of Polestar and a designer by profession, made a surprise announcement at the Polestar Day event held in Los Angeles, California, on Nov. 9 (local time). He revealed plans to produce the Polestar 4, a coupe-style Sports Utility Vehicle (SUV), in South Korea.On Nov. 16, the auto
The author is an analyst for NH Investment & Securities. He can be reached at ys.jung@nhqv.com -- Ed.Over 2021~2023, Korean shipbuilders have landed target-beating new orders. With sufficient order backlogs under their belt, they have raised newbuilding prices to reflect higher costs, and accordingl
The author is an analyst for NH Investment & Securities. He can be reached at ys.jung@nhqv.com -- Ed.The transportation industry enjoyed a market boom during the pandemic era, but with trade volume growth slowing and supply growth accelerating, supply burden has increased, bringing down tariffs. The
With the intensification of pressures to switch types of ship fuel in compliance with maritime environmental regulations, the market for eco-friendly vessels such as ammonia and liquid carbon dioxide (LCO2) carriers is becoming a cash cow for the shipbuilding industry. These ships, similar in design
Consumer dissatisfaction with Dyson, a British brand that prides itself on being a “premium home appliance” maker, has significantly increased this year.According to a Korea-based consumer group on Nov. 15, complaints related to Dyson filed with the “1372 Consumer Counseling Center” reached 864 case
According to the Korean Ministry of Strategy and Finance on Nov. 14, Korea’s overseas direct investment (ODI) totaled US$15.31 billion from the first quarter to the second quarter of 2023. The amount was 22.9 percent lower than US$19.84 billion a year ago. The decline was the largest in 14 years sin
HD Hyundai Oilbank has announced a long-term contract for petroleum product supply with the United States-based SUNOCO Corporation, set to commence next year. This expansion follows the company’s initial export of finished petroleum products to Hawaii in July 2021. Since 2022, HD Hyundai Oilbank has