The fate of the 11Street (11st) platform hangs in the balance as its planned Initial Public Offering (IPO) becomes uncertain, leading to speculations of a potential sale. The inability to complete the IPO within the timeline promised to investors has led SK square to consider divestment as an altern
Celltrion announced on Sept. 4 that it recently obtained sales approval for its Avastin (bevacizumab) biosimilar Vegzelma from the Australian Therapeutic Goods Administration (TGA).Celltrion has been granted sales approval for Vegzelma in Australia for the entire range of indications approved for Av
Samsung SDS revealed on Aug. 4 its plans to enhance its cloud business competitiveness in collaboration with global open-source solution companies Red Hat and IBM.Through this partnership, Samsung SDS will offer Red Hat's OpenShift on its Samsung Cloud Platform (SCP). Additionally, joint sales and e
Amid controversies surrounding shoddy construction such as missing rebar in apartments, attention has been drawn to apartment defects. A recent analysis revealed that among the 15 companies that received the most apartment defect judgments over the past five years, five ranked within the top 10 in c
On Sept. 4, Medytox announced that it would begin exports in earnest after receiving sales approval from the Thailand Food and Drug Administration (TFDA) for its botulinum toxin formulation 'Meditoxin' (export name: Neuronox). Once achieving annual sales surpassing 10 billion won, Meditoxin, which h
Nickel and lithium produced through battery recycling will outweigh those produced through mining in 2036 and 2050, respectively, some experts forecast. In addition, the waste battery market is expected to grow rapidly once end-of-life batteries of electric vehicles begin to come out in drove in 203
Korean battery materials companies are expediting the development of cathode materials for low-cost lithium iron phosphate (LFP) batteries with a market dominated by China.According to industry sources on Sept. 3, Korean battery makers are targeting volume production of cathode materials for LFP bat
Coway Co., Ltd., the “Best Life Solution Company,” has once again demonstrated its exceptional design expertise by securing the Silver and Bronze awards and a Finalist nomination at the International Design Excellence Awards (IDEA) 2023.Hosted annually by the Industrial Designers Society of America
Samsung Electronics paid a total of 1.9521 trillion won to Chinese companies in the first half of this year to purchase liquid crystal display (LCD) panels for TVs and monitors, according to the Financial Supervisory Service’s electronic disclosure system on Sept. 2.Most of these panels were produce
A Korean Air passenger airplane from Incheon International Airport to Gimhae International Airport failed to land and returned to Incheon, delaying its arrival at Gimhae by about three hours.According to Korean Air on Sept. 2, a Korean Air passenger flight (KE1419) that took off from Incheon Airport
SK hynix’s global DRAM market share crossed 30 percent in the second quarter of this year as a boom in generative artificial intelligence (AI) has fueled demand for high-bandwidth memory (HBM). Its gap with market leader Samsung Electronics has reached its narrowest point in a decade.According to ma
SK ecoplant, an environment and energy firm, has secured a contract to provide solid oxide fuel cells (SOEC) to a data center power supply system under construction in Singapore by GDS, China’s largest data center development and operation company.On September 4, SK ecoplant announced its contract w
Korea Startup Forum (KSF), the organizer of COMEUP, Korea’s most prominent startup event, announced that it held the ‘COMEUP 2023 Preview & Workshop in BUSAN’ from August 31 to September 1 at Citadines Connect Hari Busan.The workshop was held in advance of the main event, COMEUP 2023, on November 8-
Germany, once considered the growth engine of Europe, is mired in an economic slump. The International Monetary Fund (IMF) has projected that Germany will experience negative growth of 0.3 percent this year, making it the only G7 country among the seven major economies to undergo a contraction. The
In August, exports outperformed expectations, surpassing seasonal factors such as summer vacations. The year-on-year decline in exports narrowed to single digits, and the decline in semiconductor exports to China also moderated compared to the previous month.According to the Ministry of Trade, Indus
The divergence in stock performance between e-commerce leader Coupang and the offline retail giant Emart is deepening. Throughout this year, Coupang’s stock has continued to rise as its growth prospects become more prominent, while Emart has seen its stock plummet to its lowest point amid an increas
The achievement pace of order targets for South Korea’s “Big 3” shipbuilders has shown a slowdown compared to previous years. This development is attributed to a decrease in orders compared to last year and the impact of selective orders due to limited dockyard capacity.According to shipbuilding ind
The author is an analyst for NH Investment & Securities. He can be reached at jack.baek@nhqv.com -- Ed.Binggrae has drawn market attention as it delivered an earnings surprise for 2Q23, energized by a widening export sales portion. Margins are to continue improving in 3Q23 on solid ice cream exports
From January to July this year, the accumulated export value of ramen surpassed US$500 million for the first time, marking a historic high for the period. The success and popularity of K-content such as dramas and movies are believed to have contributed to this growth.According to the Korea Agro-Fis
The total investment scale for the electric vehicle-specific factory and battery cell joint venture factory that Hyundai Motor Group and LG Energy Solution are building in the state of Georgia in the U.S. has been confirmed at US$7.59 billion. This is an increase of about US$2 billion from the inves