The Electronics and Telecommunications Research Institute (ETRI) of Korea announced on Sept. 6 that it has developed a dedicated computational accelerator chip capable of high-speed processing of homomorphic encryption, which is drawing much attention as a next-generation cryptographic technology.Un
The author is an analyst for NH Investment & Securities. He can be reached at kyeongkeun.kang@nhqv.com -- Ed.Millie’s Library is an e-book subscription platform boasting outstanding market share. Key indicators for the firm (eg, monthly average free-to-paid conversion rate and repeat subscription ra
The author is an analyst for NH Investment & Securities. She can be reached at hzl.lee@nhqv.com -- Ed.With the resumption of Chinese group tours to Korea, we anticipate a rapid recovery in indicators, led by mass visitors. Particularly positive is the return of customers who have been absent for a l
The author is an analyst for Shinhan Securities. He can be reached at hpark@shinhan.com -- Ed.Investment point 1: Domestic earnings driven by inbound touristsInbound visitors to Korea rose to 960,000 in July, reaching 66% of the 1.45mn level seen in July 2019 with triple-digit growth continuing ever
SK Telecom presented a blueprint for 6G mobile communications in a keynote speech at the Innovative Optical & Wireless Network (IOWN) Global Forum, a global next-generation communications standards organization. Established in January 2020, the forum includes 125 big tech companies including NTT, So
Korea Aerospace Industries (KAI) is actively carrying out marketing activities for European countries at the International Defense Industry Exhibition (MSPO) which kicked off in Kielce, Poland, on Sept. 5 (local time). The MSPO is Poland’s annual national defense exhibition supported by the Polish G
Analysts in the securities industry predict that if Hyundai Motor’s total strike materializes, the company may shoulder an operating loss nearing 1 trillion won solely from the strike.According to securities sources on Sept. 5, if the Hyundai Motor strike becomes a reality, there are expectations of
Chairman Lee Hae-wook of DL Holdings (formerly Daelim Industrial) has been finally fined on charges of unfairly supporting his private company by mobilizing affiliate companies.The Supreme Court’s Second Division (presided over by Justice Lee Dong-won) confirmed on Aug. 31 a lower court’s ruling tha
Hyundai Motor Company is leading the electrification trend in the automotive industry in Indonesia, the world’s fourth-most-populous country and the world’s top nickel producer.According to the Association of Indonesia Automotive Industries (GAIKINDO) on Friday, Hyundai sold 3,913 electric vehicles
Exports of cathode materials, one of the core materials for electric vehicle batteries, are surging. But experts have pointed out that much of the money that Korean companies make by exporting them ends up going to China as they import core raw material compounds such as lithium and precursors to ma
The reality of a shortage in semiconductor talent has the industry on alert. Samsung Electronics is making efforts by having executives visit universities to meet future semiconductor talents and is also providing scholarships abroad to secure local talent. Taiwan’s TSMC, a foundry, is facing concer
Aiming to achieve its goal of “securing 1,000 Tous Les Jours stores in the U.S. by 2030,” CJ Foodville has decided to initiate the construction of this new facility. The company plans to invest more than 50 billion won in Hall County, Gainesville, Georgia, to set up the factory on an approximately 9
Despite frozen consumer sentiment in the global market, Samsung Electronics has retained its top position in smartphone market share for Q2. Despite facing a tough challenge from Apple, which plans to release its iPhone 15 series this month, there are expectations that Apple’s product launch might n
SK chemicals announced plans to supply materials to THE HANDSOME, a company that owns several domestic and international fashion brands and creates clothing with bio-materials based on corn. Given the growing interest in eco-friendly materials in line with carbon neutrality, the company also plans t
A Korean Air cargo plane will become the first in Korea to refuel with bio-aviation fuel (SAF) and conduct a test flight.According to the Ministry of Industry, Trade, and Resources and the Ministry of Land, Infrastructure, and Transport on Sept. 5, Korean Air flight KE207, a B777 cargo aircraft taki
YG Entertainment announced on Sept. 5 that the mobile game based on girl group BLACKPINK’s brand, “BLACKPINK The Game,” saw its OST “THE GIRLS” rise to #1 on the iTunes song chart in 30 countries.BLACKPINK released THE GIRLS on Aug. 25. The song carries a message about a courageous and independent l
Due to intensified endeavors by Chinese battery manufacturers in Europe and North America, the market share of Korea’s big three battery companies has dropped below 25%.Market research firm SNE Research reported on Sept. 5 that from January to July this year, the market share of LG Energy Solution,
As South Korean President Yoon Suk-yeol embarks on a tour of Indonesia and India Sept. 5-10, much attention is being paid to the South Korean defense industry’s issues with Indonesia and India. Indonesia is a major defense export destination with which South Korea has close military ties, although t
LG will establish its first European electric vehicle parts plant in Hungary. The automotive electronics business is LG’s flagship business with a cumulative order backlog of 100 trillion won at the end of the year. The average annual growth rate over the past 10 years has reached 30 percent. LG Ele
Mercedes-Benz has overtaken BMW as the No. 1 brand in monthly imported car sales after three months in the Korean imported car market. Audi remained in third place for the second consecutive month.The Korea Automobile Importers and Distributors Association (KAIDA) said on Sept. 5 that 23,350 importe