Hyundai Engineering & Construction (E&C) is on the cusp of entering the global top 10, having secured the 11th spot in the “Top 250 International Contractors” ranking for 2023, as announced by the U.S.-based construction engineering magazine Engineering News Record (ENR). ENR annually ranks global c
The author is an analyst for NH Investment & Securities. He can be reached at jack.baek@nhqv.com -- Ed.Sanigen provides A-to-Z solutions for food safety. Amid the government’s strengthening of food safety regulations, HACCP certification is to become increasingly important. Accordingly, interest sho
Samsung Electronics and SK hynix are expected to face another hurdle in achieving their business goals as electricity prices rose amid a slowdown in the semiconductor industry in the first half of this year. While they are implementing the so-called RE100 program to replace 100 percent of their elec
South Korea’s exports fell 12.4 percent in the first half of the year. Therefore, South Korea became the only country in the world’s top 10 to post a double-digit decline in exports. Its global export ranking dropped to eighth place from sixth in 2022. South Korea’s trade deficit is expected to reac
The author is an analyst for NH Investment & Securities. He can be reached at bk@nhqv.com -- Ed.In terms of policy effects, the US appears to be winning this new phase of the Cold War. Although Korea has chosen to support the US, it is still impacted by developments in both the US and China due to i
According to industry sources on Aug. 28, the automotive semiconductor market, which has been a market centered on low-end products in a multi-product, low-volume production system, is rapidly emerging as a source of demand for high-performance semiconductors in the trend of strengthening autonomous
The Korean government is approving the sale of national core technologies to foreign companies, national core technology transfers, or foreign investment in national core technology holding organizations after receiving reports on them. The number of such cases has more than tripled over the last fi
Samsung has embarked on a mission to secure highly skilled foreign talent with research expertise. This marks the first time that Samsung is recruiting foreign professionals with experience to work in South Korea.Samsung Electronics, Samsung Display, and Samsung SDI announced on Aug. 28 that they wi
HMM potential acquirers Harim and Dongwon as well as LX and the German shipping company Hapag-Lloyd are currently undergoing eligibility assessments for the acquisition of HMM, formerly known as Hyundai Merchant Marine. In the meantime, Korea Development Bank (KDB) and the Korea Ocean Business Corpo
Hana Financial Group has announced on Aug. 24 that it conducted an event at the regional head office of Hana Bank in Mexico, where educational supplies were delivered to students of “Escuela Villa de las Niñas Chalco” in Mexico.The event was attended by Lee Eun-hyung, vice chairman of Hana Financial
Regarding the issue of Lime Asset Management’s fund redemption, Mirae Asset Securities has clarified its position, saying, “The controversial allegations of favoritism in Lime Funds pertain to the asset management firm rather than the sales agents.”On the afternoon of Aug. 27, Mirae Asset Securities
The Financial Supervisory Service (FSS) is launching a comprehensive investigation into related securities firms to gather more precise information and evidence regarding the suspected preferential redemption of the “Lime Fund.” Amid allegations that funds were returned only to certain influential f
Forecasts indicate that China’s OLED shipments for smartphones will surpass South Korea’s by 2025.According to the “3rd Quarter OLED Market Track” report published by market research firm UBI Research on Aug. 28, the current market share of smartphone OLED shipments for South Korea and China stands
POSCO International is aggressively pushing forward with securing secondary battery materials and resources.On Aug. 28, POSCO International announced a significant expansion of its global trading business for key secondary battery materials and resources such as lithium and graphite, which it suppli
Amid the threat of a full-blown strike for the first time in five years, Hyundai Motor Company is facing pressure from labor unions even at its U.S. facilities where no labor union has been established. In South Korea, the Hyundai labor union has been ramping up pressure after securing the right to
Kumho HT revealed on Aug. 28 that they are actively planning to establish an overseas subsidiary in response to the global finished vehicle companies expanding production and sales in India.The company is considering an investment of approximately 300 billion won for the establishment of a local sub
Hyundai E&C has won the Finalist Award at the International Design Excellence (IDEA) Awards 2023 for “The Rabbit Playground” at Hillstate Hongeun Forest apartment complex.The IDEA Design Award, which began in 1980, is an international design award organized by the American Industrial Designers Assoc
Lotte Chilsung Beverage has been honored with the Special Award of the Year and a Gold Award at the Effie Awards Korea 2023.The Effie Awards, a prestigious global marketing communication awards ceremony, began in the U.S. in 1968. Currently, more than 55 programs are being conducted in 125 countries
The author is an analyst for NH Investment & Securities. He can be reached at sw.kang@nhqv.com -- Ed.We attribute August’s bear-steepening to a combination of: 1) fears of upward revisions to i* and r*; and 2) supply-demand pressures. Although supply-demand factors linger, concerns about increases t
The Ministry of Land, Infrastructure, and Transport (MOLIT) has imposed the maximum 10-month business suspension on GS Engineering & Construction (GS E&C) due to the collapse of an apartment in Incheon’s Geomdan in April. The designer involved in the incident will face either license revocation or a