The author is an analyst of NH Investment & Securities. He can be reached at minjae.lee@nhqv.com. -- Ed.In February, pre-sales performance differed widely by construction project. While competition heated up for projects sitting in preferred locations with attractive prices, other projects were sign
A Goldman Sachs report evaluated that the Yoon Suk-yeol government’s reorganization of capital market policies to expand shareholder rights and interests and strong winds of shareholder activism in the Korean stock market are positive in resolving the Korea discount which undervalues the Korean stoc
As methanol-powered ships are rapidly emerging as next-generation eco-friendly ships, competition is heating up between Korean and Chinese shipbuilders about which is taking more shipbuilding orders. Until now, Korea has been leading the high value-added eco-friendly ship market, but Chinese shipbui
PricewaterhouseCoopers (PWC) released its Women in Work Index on March 8, which is related to the employment of women in 33 OECD member states.According to the index, the male-female wage gap of South Korea is 31.1 percent, the highest in the group. The opposite is Luxembourg with 0.5 percent. The g
Korea returned as the world's No. 1 country by beating China in competition for taking ship orders in February.Global ship orders came in at 2.1 million CGT (58 ships) in February, said Clarkson Research, a British shipbuilding and shipping market analysis agency on March 7. By country, Korea cl
The Bank of Korea announced on March 6 that South Korea’s foreign exchange reserves totaled US$425.29 billion at the end of February.The reserves increased for three months in a row until January to reach US$429.97 billion at the end of that month. According to the central bank, last month’s decreas
Statistics Korea announced on March 5 that the inventory ratio of the semiconductor sector amounted to 265.7 percent in January this year, the highest since March 1997.That month, the shipment index in that sector dropped 25.8 percent to 71.7 whereas the inventory index jumped 28 percent to 190.5.Th
In 2022, Hyundai Motor Company subsidiary Motional’s global self-driving competitiveness ranked 5th, up one notch from the previous year. At the top, there was a change in perception, such as the elimination of Argo AI, which went out of business with Nvidia of the United States, and Cruise of Gener
The business performances of Samsung Electronics and SK Hynix subsidiaries in China deteriorated significantly in 2022 due to U.S. sanctions against China and the impact of the COVID-19. To make matters worse, the U.S. government recently announced that it would set a technological limit to prevent
The Korean government will start securing core minerals such as lithium and rare earths overseas to lower the nation's dependence on certain countries, including China, the Ministry of Trade, Industry and Energy (MOTIE) announced on Feb. 27. The government will also increase the recycling of use
The Huawei Green ICT Summit was held in Barcelona on Feb. 27 (local time). Peng Song, president of ICT Strategy & Marketing of Huawei, delivered a keynote speech entitled "Green & Development, Choosing Not to Choose". Peng pointed out that an AI big bang is underway. AI brings new benefits and oppor
Korea Aerospace Industries (KAI) will export 18 FA-50 light fighters worth 1.2 trillion won to Malaysia. The Korean defense contractor is rapidly entering the Southeast Asian market as it has already exported the fighters to Indonesia, the Philippines and Thailand.KAI signed a US$920 million contrac
Iljin Materials, which was acquired by Lotte Chemical, will change its name to Lotte Energy Materials.The company announced on Feb. 27 that the name change has been included in the agenda of an extraordinary general meeting of shareholders scheduled for March 14.Iljin Materials has decided to appoin
Boryung Pharmaceutical announced on Feb. 27 that Korean and Mexican cardiovascular internal medicine experts shared the clinical effects and prescription cases of the Kanarb product group at the International Cardiovascular Intervention Conference held in Mexico on Feb. 23 (local time).At this event
Medytox announced on Feb. 27 that a high-level delegation from Dubai conducted due diligence on two Medytox factories in Osong, Korea on Feb. 23 and 24.The delegation was led by Marwan Abdulaziz Janahi, CEO of Dubai Science Park (DSP) under Tecom Group, a state-run company in Dubai.DSP’s visit to Ko
SK Signet has won its first electric vehicle (EV) charger supply contract in the United States from TeraWatt Infrastructure, an EV charge point operator (CPO). TeraWatt Infrastructure is a U.S. unicorn company that has attracted more than one trillion won in investment. The two companies are plannin
SK ecoplant announced on Feb. 27 that TES-AMM, its affiliate specializing in recycling electric/electronic waste (e-waste), has signed a memorandum of understanding (MOU) with SCG International in Thailand to build an energy storage system (ESS) collaboration model.A signing ceremony was held at SCG
SK Telecom has presented an “AI to Everywhere” plan aimed at offering innovative AI services in five areas.The company's president Ryu Young-sang held a news conference at MWC23 in Barcelona, Spain, on Feb. 26 (local time) to offer the new vision. The five areas are customer/technology, space-ti
Officials of Saudi Arabia’s three government agencies in charge of AI and data-related policies visited Naver’s second office building 1784, the world’s first robot-friendly building, on Feb. 27. Exchanges between the two sides have steadily continued since a visit to Naver by Majed Al-Hogail, minis
Daewoong Pharmaceutical announced on Feb. 24 that it has signed a contract to export Envlo, an SGLT2 inhibitor-type diabetes drug, to Brazil and Mexico, the largest markets in Central and South America.Starting with this export contract, Daewoong Pharmaceutical will actively penetrate the global mar