Three defense affiliates of Hanwha Group are set to showcase “next-generation weapon systems” in Poland to actively address Europe’s security needs.Hanwha Aerospace, Hanwha Systems, and Hanwha Ocean will present advanced weapon systems in the unmanned and ground, maritime, air, and space sectors at
SK Innovation’s lubricant subsidiary, SK enmove, plans to expand its lubricant brand ZIC and take the lead in the energy efficiency market. Beyond the internal combustion engine oil market, the company aims to lead the energy efficiency market, projected to grow to 54 trillion won by 2040, as a glob
At IAA Mobility 2023 Hyundai Mobis (KRX: 012330) has announced its European market expansion strategy ‘MOBIS MOBILITY MOVE 2.0’ which showcased its commitment to electric mobility. Hyundai Mobis is confident it can rapidly expand in Europe where electric vehicle technology is already making an impac
STRADVISION, an automotive industry pioneer in deep learning-based vision perception technology, and Horizon Robotics, a leading provider of energy-efficient computing solutions for consumer vehicles, recently formed a strategic partnership. The collaboration focuses on the production-quality implem
Fundamental solutions such as shared growth of content and platforms and global distribution of videos and films are needed in order to improve the competitiveness of the Korean media industry, which is facing a crisis due to the rise of global over-the-top (OTT) service providers such as Netflix. T
The author is an analyst for NH Investment & Securities. He can be reached at soohong.cho@nhqv.com -- Ed.Although cutting our OP forecasts, we remain upbeat toward mid/long-term earnings improvement on HL Mando’s customer diversification, completion of restructuring of conventional parts at domestic
South Korean cosmetics have gained popularity not only in neighboring Japan and China but also in North America and Europe, soaring in global demand. Factors contributing to this surge include the relative affordability of these products, outstanding quality, the global popularity of K-pop, and enha
The government is considering increasing the quota for foreign workers to address the labor shortages plaguing the shipbuilding industry. It has embarked on a comprehensive effort to support shipbuilding companies, including an increase in the refund guarantee (RG) fund to 400 billion won (US$303.15
The South Korean government’s initiative to issue “Samurai Bonds” has been seen as a signal of enhanced economic cooperation between South Korea and Japan. Following the government’s move to issue Samurai Bonds, there is growing interest in whether South Korean companies will also embark on yen-deno
On Sept. 4, international credit rating agency Fitch evaluated the South Korean government’s budget proposal for 2024 and the medium-term fiscal management plan as a “relatively robust fiscal policy.” It stated that it “may have a slightly (negative) impact on economic growth but will help strengthe
According to a recent survey, South Korean companies, which have secured the top position in major industry products and service sectors worldwide, have now risen to the third spot along with Japanese companies in terms of global market share.In its 2022 self-conducted survey of market share in 63 m
LG Electronics, which has declared itself to be a smart life solutions company as its future vision, has unveiled a strategy to realize its vision in its electronics business following its home appliance business. Centering on a future mobility customer experience theme developed based on customer r
The Ministry of Science and ICT and the Korea Astronomy and Space Science Institute (KASI) announced on Sept. 4 that they have completed the development of a lunar space environment monitor (LUSEM) and began to transport it to the United States. The LUSEM is scheduled to go to the moon in 2024.The L
POSCO International has laid the foundation for stably securing graphite, a raw material for anode materials for secondary batteries in Africa. In response to the U.S. Inflation Reduction Act (IRA), the company is accelerating its move to reduce its dependence on China in its battery supply chain.PO
Sales of Hyundai and Kia’s electric vehicles (EVs) in South Korea are steadily declining. This drop is attributed to decreasing subsidies, rising charging costs, and intensified competition as imported car brands aggressively penetrate the domestic EV market.According to Hyundai Motor Group on Sept.
On March 10, 2013, KT entered into a Memorandum of Understanding (MOU) with the Rwandan government to establish a joint venture aimed at constructing an ultra-high-speed wireless network based on 4G LTE technology.According to industry sources on Sept. 4, KT recently filed a lawsuit against the Rwan
On Sept. 4 (local time) at the world’s largest motor show, IAA Mobility 2023 in Munich, Germany, Samsung SDI revealed for the first time its lithium manganese iron phosphate (LMFP) battery, which adds manganese to lithium iron phosphate (LFP) cathodes.Samsung SDI, which has been focusing on producin
Samsung Electronics’ Organic Light Emitting Diode (OLED) TV, a collaboration between Samsung and LG, failed to debut at IFA 2023, Europe’s largest electronics show, sparking interest in the reasons behind the decision.According to industry sources on Sept. 4, Samsung Electronics showcased a series o
Starting next year, Samsung Electronics plans to upgrade its artificial intelligence (AI) assistant Bixby to a generative AI, enabling more natural conversations between users and devices. To support this, the company will equip home appliances with an ultra-low-power Neural Processing Unit (NPU) ch
Korea Investment Corporation (KIC) has divested its shares in Oracle, the world’s second-largest software company.According to local media and the U.S. Securities and Exchange Commission (SEC) on Sept. 4, the Korea Investment Corporation reduced its stake by 2.7%, selling 51,501 Oracle shares in the