Doosan Digital Innovation (DDI) has entered a strategic partnership with Claroty to provide Operational Technology (OT) security solutions to domestic companies. Claroty, an Israeli firm that has received investment from SoftBank, is a global specialist in Extended Internet of Things (XIoT) security
South Korea has taken the first step toward injecting US$2.3 billion into Ukraine’s reconstruction.The Ministry of Land, Infrastructure and Transport (MOLIT) of South Korea organized the first public-private Ukraine Reconstruction Cooperation Delegation and sent the delegation to Ukraine’s capital c
Hyundai Engineering & Construction (Hyundai E&C) is taking steps to establish a collaboration network with local institutions and companies in Poland, aiming to lay the groundwork for its foray into Eastern Europe’s nuclear, renewable energy, and infrastructure sectors.Hyundai E&C announced that the
Korea and the United States have released a joint declaration on strengthening research and development cooperation in artificial intelligence (AI), open clouds, and 6G, and discussing digital international norms.The Ministry of Science and ICT (MSIT) and the Personal Information Protection Commissi
In response to the rapidly evolving landscape of the logistics sector, characterized by an increase in the value addition of logistics, the integration of advanced systems, and the proliferation of borderless e-commerce, Incheon International Airport is steadfast in its commitment to enhancing logis
Global leading tire company Hankook Tire is now supplying ‘Hankook RA08’, a radial tire for a light truck, as an Original Equipment Tire (OET) for the world’s best-selling eco-friendly vehicle company, BYD. ‘Hankook RA08’ will be used with BYD’s one-ton electric truck, the T4K.The T4K is distinguish
On Sept. 13, SPC Paris Baguette announced its plan to open 9 additional stores in North America this month, surpassing a total of 150 outlets in the region.First, after its debut in Canada last March, Paris Baguette is set to launch two more stores. On Sept. 14 the brand will open its second franchi
On Sept. 12, K-water revealed that its CEO Yoon Seok-dae held in-depth discussions with Ukraine’s Ambassador to Korea, Dmytro Ponomarenko, on cooperation strategies for Ukraine’s reconstruction.This comes after President Yoon Suk-yeol announced at the G20 summit on the 10th that Korea would support
Hanwha Aerospace is expediting the development of core materials for aviation engines. The company plans to localize manned and unmanned combat aircraft engines. These engines are hard for Korean companies to import and constraints hamper transfers of technologies for these engines to Korean compani
Actress Han Sohee, who has gained full support not only in Korea but also abroad for her unique style and renowned filmography with box office records, has become the new face of the global sports brand FILA.FILA has announced Han Sohee as its new global brand ambassador starting from September 12th
Amid the global restructuring of the semiconductor supply chain, Samsung Electronics and SK hynix are likely to be the most affected by decisions related to U.S. licenses.On Sept. 11, the Korea Institute for International Economic Policy (KIEP) reported in its Global Semiconductor Supply Chain Restr
TiumBio Co., Ltd. (KRX: 321550. KQ), a clinical-stage biopharmaceutical company focusing on discovering and developing innovative therapeutics for patients with rare and incurable diseases, today announced that the Phase 1a results of TU2218 will be presented at the 2023 European Society of Medical
Despite the 3Q off-season, Cosmax is forecast to log solid sales thanks to the popularity of K-beauty and robust exports. Although we maintain a conservative stance regarding the recovery of the Chinese cosmetics market, we favorably note both a rapid improvement in US profitability and strong growt
SK hynix’s American subsidiary, Solidigm, has closed its South Korean branch. This move is a part of a global operational efficiency initiative due to declining conditions in the memory semiconductor market.Industry sources reported on Sept. 8 that Solidigm is in the process of closing its smaller g
When estimating quarterly earnings, it is difficult to predict one-off reversals, but provisions for losses related to the winning of development projects are predictable. LIG Nex1 has secured no notable system development projects in 3Q23, while it won the Lightweight Torpedo-II development project
Mirae Asset Global Investments’ Indian subsidiary announced on Aug. 6 that it has completed an investment in a large-scale logistics center covering about 46,450 m² located in Mumbai.This marks the second deal after the company, as the first foreign asset management firm to enter India, directly inv
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
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 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
The “Nujio’qonik” project, in which SK ecoplant plays a vital role, has achieved a significant milestone in its total three phases, valued at 15 Billion USD project. The project has successfully secured sites for wind power generation required for its three phases, building upon the ongoing activiti