SPC announced on Feb. 16 that it will donate US$100,000 through the Korean Red Cross to help support recovery operations in Turkey and Syria.The company plans to raise the funds through the Happy Share campaign, one of its social contribution programs.It will use the Happy Point App, a smartphone ap
POSCO International's pharmaceutical business in Sudan is generating profits while at the same time contributing to improving people's health in the African country.General Medicines Co. (GMC) in Sudan, a joint venture between POSCO International and Shinpoong Pharmaceutical, posted operatin
Apple Pay is about to enter the South Korean market, and the possibility is increasing that Samsung Electronics may turn Samsung Pay into a paid service.The financial authorities recently said that Apple Pay fees of 0.1 percent to 0.15 percent can be imposed on not only consumers and stores but cred
SK Lubricants changed its name to SK Enmove on Dec. 1, 2022. The name change reflected the company's push for a transformation from a lubricant producer to an "energy saving company." The following is an interview that the company's new CEO Park Sang-kyu recently had with SKinno News, the ne
The author is an analyst of NH Investment & Securities. He can be reached at pk.park@nhqv.co. -- Ed.Dental implant exports climbed 6% y-y in January, showing disappointing results towards China but reconfirming a growth trajectory in early-February. We draw attention to the particularly robust growt
The author is an analyst of NH Investment & Securities. She can be reached at jiyoony@nhqv.com. -- Ed.Megastudy Edu’s 4Q22 results missed consensus due to low seasonality and ad/promotion expenses for the elementary/middle school business. In 2023, the expansion of high school offline academies shou
The author is an analyst of NH Investment & Securities. He can be reached at minjae.lee@nhqv.com. -- Ed. Although the extent and pace of electricity rate hikes may slow, KEPCO is benefiting greatly from cost savings stemming from raw material price decline. While the speed of electricity rate expans
Samsung Electro-Mechanics (SEMCO) is expected to scale up its production capacity for high-performance automotive multilayer ceramic capacitors (MLCCs), a new engine, in 2023 to narrow its market share gap with major competitors.Taiwanese market research firm TrendForce predicted on Feb. 15 that SEM
The Korea International Trade Association announced on Feb. 15 that South Korea’s global export market share fell from 3.05 percent to 2.85 percent in 2019 and has never topped 3 percent since then. Specifically, it was 2.9 percent in 2020, 2.89 percent in 2021, and 2.83 percent in 2022.In the fourt
The author is an analyst of NH Investment & Securities. He can be reached at minjae.lee@nhqv.com. -- Ed. Although normal winter weather has returned to Europe, natural gas reserves are down only 25% from the peak. It appears that the worrying winter energy crisis has virtually passed, and as a resul
The author is an analyst of NH Investment & Securities. He can be reached at hwdoh@nhqv.com. -- Ed. Recently, the decline in foundry utilization rate has concentrated on the 8-inch node, affected by sluggish demand. However, semiconductor equipment makers are resuming 8-inch equipment production, an
Coway Co. reported its financial results for the fourth quarter and fiscal year 2022 on Feb. 15.In the fourth quarter, the company earned 163.7 billion won (+17.5% YoY) in operating profit and 76.1 billion won (-12.9% YoY) in net profit on sales of 980.2 billion won (+3.6% YoY).For the whole of 2022
HK Innoen inno.N said on Feb. 14 that its gastroesophageal reflux disease drug K-CAB Tab. has been approved by Mexico's Federal Commission for the Protection against Sanitary Risk (COFEPRIS).In 2018, HK inno.N signed a contract with Laboratorios Carnot, the No. 1 pharmaceutical company in the pe
Samsung Electronics announced on Feb. 14 that it has decided to borrow 20 trillion won from Samsung Display to secure operating funds. The loan matures on Aug. 16, 2025 and carries an annual interest rate of 4.60 percent. The loan amount represents 10.35 percent of Samsung Electronics' equity ca
HMM announced on Feb. 14 that it has signed newbuilding contracts with Hyundai Samho Heavy Industries (HSHI) and HJ Shipbuilding and Construction (HJSC) for nine 9,000 TEU container ships powered by methanol dual-fuel engines.In last July, HMM unveiled a mid-to-long-term strategy to leap forward to
Attention is focusing on the 200 million pixel image sensor of Samsung Electronics’ new flagship Galaxy S23 Ultra. The company said that the image sensor, Isocell HP2, provides the best picture quality at the pixel level.The sensor is equipped with 200 million 0.6 micrometer pixels. Samsung Electron
Five years have passed since Mirae Asset Global Investments acquired Global X, a U.S. ETF management company. Global X has grown exponentially from a rising star in the U.S. market to a leader in theme-type ETFs by increasing its assets under management by about six times during this period.In Febru
Hyundai Motor Group was ranked sixth in global electric vehicle (EV) sales in 2022The number of EVs registered worldwide stood at 10.83 million units in 2022, chalking up a 61.3 percent increase from 6.71 million in the previous year, SNE Research said on Feb. 13. The figure is the sum of battery el
Samsung Electronics has begun developing an advanced extreme ultraviolet (EUV) pellicle to narrow its market share gap with foundry rival TSMC.The company's Semiconductor Research Institute recently put out a recruitment notice to develop a pellicle that satisfies an EUV transmittance of 92 perc
The advent of ChatGPT, an artificial intelligence (AI) chatbot, is providing opportunities for Korean memory semiconductor makers to create a new business. ChatGTP learns a lot of data through super-large artificial intelligence (AI) and answers questions naturally. DRAM data processing speed has be