Hyundai Mipo Dockyard, a subsidiary of Korea Shipbuilding & Offshore Engineering (KSOE), has delivered a 30,000-cubic-meter LNG carrier, which is named Ravenna Knutsen, to its client, Knutsen Group of Norway.The company recently held a christening ceremony for the vessel, which departed for Italy on
LG Display will additionally invest US$750 million in a OLED panel module plant in Haiphong, Vietnam.The company announced on Feb. 8 that Haiphong City approved its investment plan on Feb. 7. LG Display's total investment in Vietnam will increase to US$3.25 billion,LG Display’s plant in Haiphong
Korea Shipbuilding & Marine Engineering (KSOE), an intermediary holding company in the shipbuilding sector of Hyundai Heavy Industries Group, has won orders for three ships worth 152 billion won.KSOE announced on Feb. 8 that it has recently signed a contract with Oceania-based shipping companies to
Hyundai Mipo Dockyard, the world’s largest medium-sized ship builder, is leading the global gas carrier market by signing a series of contracts for advanced and eco-friendly LPG carriers.The latest contract was signed in Europe for two LPG carriers with a capacity of 40,000 cubic meters each. A tota
Korea Aerospace Industries (KAI) announced on Feb. 3 that it has launched the New Space Task Force at its headquarters in Sacheon, South Gyeongsang Province, to preemptively respond to changes in the space industry.KAI has set the goal of completing a value chain for the space industy to secure futu
Korea Shipbuilding & Offshore Engineering (KSOE), an intermediary holding company in the shipbuilding business of Hyundai Heavy Industries Group, has landed orders for five medium-sized ships worth US$230 million.KSOE recently signed contracts with African and European shipping companies to build tw
The author is an analyst of NH Investment & Securities. She can be reached at jy.lee@nhqv.com. -- Ed. Hotel Shilla’s 4Q20 earnings missed expectations, affected by one-off expenses stemming from a change in lease accounting standards, asset depreciation, and restructuring costs. As of 1Q21, the firm
The author is an analyst of NH Investment & Securities. She can be reached at mj27@nhqv.com. -- Ed. Despite climbing 30% y-y, Pulmuone’s 4Q20 OP slightly missed consensus due to cost increase. In 2021, however, earnings improvement should continue on the back of growth at overseas subsidiaries. In a
The Ministry of SMEs and Startups announced on Jan. 25 that the number of startups with at least 100 billion won in annual sales was 617 as of the end of 2019 and their total sales were approximately 140 trillion won that year, up 4.6 percent from a year ago.According to the ministry, 62 startups re
The Ministry of SMEs and Startups announced on Jan. 19 that non-large South Korean companies’ exports added up to US$100.8 billion last year, down 0.2 percent from a year ago. For reference, larger South Korean companies’ exports and the overall exports fell 6.7 percent and 5.4 percent in 2020, resp
Hyundai Glovis is seeking to establish a complex logistics center in Ho Chi Minh City, Vietnam's largest city.The company said on Jan. 14 that it has signed a memorandum of understanding with Ulsan Port Authority to promote the project.Under the agreement, the two companies will build a complex
The stock price of Plug Power reached US$66 on Jan. 12. SK Group recently became the largest shareholder in the Nasdaq-listed hydrogen energy company and the group’s equity value in Plug Power rose more than two trillion won in five days after the investment announcement.Recently, SK E&S and the hol
CJ Cheiljedang announced on Jan. 12 that it has secured a 562,000-square-meter site in Sioux Falls of the U.S. State of South Dakota to build a large-scale dumpling plant.The company is planning to increase its dumpling sales in the U.S. dramatically this year. It expects the share of U.S. sales to
42Maru, a Korean artificial intelligence (AI) startup specializing in question-answering platform, announced on Jan. 7 that it has been selected for Industrial Bank of Korea’s acceleration program "IBK Changgong." The program provides customized assistance to startups for each stage of growth by act
The author is an analyst of NH Investment & Securities. He can be reached at minjae.lee@nhqv.com. -- Ed. Domestic construction projects are expected to increase in 2021 thanks to a rise in private residential orders. Meanwhile, sluggish construction starts in 2018 and 2019 are limiting the number of
Samsung Electronics vice chairman Lee Jae-yong visited a semiconductor plant in Pyeongtaek on Jan. 4. He emphasized the need to build a healthy semiconductor ecosystem in Korea during his visit. Industry watchers say that Lee stressed the importance of joining forces with small and medium-sized busi
SsangYong Motor, which has recently applied for a debt-workout after defaulting on loans from banks, will suspend the operations of its Pyeongtaek plant on Dec. 24 and 28 due to its partners’ refusal to supply parts.The company said on Dec. 23 that its production lines at the Pyeongtaek plant have b
Hanwha Q CELLS will partner with universities and small and medium-sized enterprises to develop tandem cells, a next-generation solar cell.The company announced on Dec. 15 that a consortium it formed with universities and partner companies was selected for a government-funded research and developmen
Analysts say that China and Japan will beef up cooperation in organic light-emitting diode (OLED) panels, keeping Korean OLED panel makers in check. While conducting large-scale joint R&D projects, Japanese companies have begun producing key materials in China.Japan's Idemitsu Kosan will produce
Korea Shipbuilding & Offshore Engineering (KSOE), a shipbuilding arm of Hyundai Heavy Industries Group, has won an order for two LPG carriers.KSOE announced on Nov. 25 that it has recently signed a contract worth about 116 billion won with a Singapore-based shipping company for two 40,000-cubic-mete