The author is an analyst of NH Investment & Securities. He can be reached at kyuha.lee@nhqv.com. -- Ed.With IT demand improving faster than expected, a full-fledged industry recovery is likely from 2H23, with IT companies to benefit overall from expansion into new industries such as automotive elect
The author is an analyst of NH Investment & Securities. He can be reached at minjae.lee@nhqv.com. -- Ed.With natural gas prices stabilizing, the city gas price hike burden is projected to ease.EU energy market for second week of MarchOver Mar 5~11, the EU’s power generation shrank 1.9% w-w to 51.5TW
The Genesis G90 and the Kia EV9, which will be released in April at the earliest, will be loaded with the Highway Driving Pilot (HDP) function, a Level 3 autonomous driving technology, Hyundai Motor Group said on March 14.The new G90 is a new-year model based on the 2021 4th generation full change m
The renowned Middle East and Africa (MEA) tech event, LG Showcase 2023, has finally returned to the region after a four-year hiatus. The two-day event was held at Al Habtoor City in Dubai and successfully showcased every new LG product being launched in the region this year to an all-time-high crowd
LG CNS signed a strategic partnership memorandum of understanding (MOU) with SAP on March 10 at the SAP headquarters in Walldorf, Germany. The MOU signing ceremony was attended by high-ranking executives from both companies, including Hyun Shin-kyun, CEO of LG CNS, and Christian Klein, CEO of SAP.Wi
Doosan Bobcat announced that it will participate in ConExpo 2023, which kicks off on April 14 (local time) in Las Vegas, the United States.ConExpo, one of the world’s three largest construction equipment exhibitions, is held in the United States every three years. This year, the event will run at th
Samsung Electronics’ Q1 operating profit is estimated to be 1.4138 trillion won (US$1.0894 billion), down 67 percent from the previous quarter and down 89 percent from a year earlier.A seriously negative earnings surprise is likely with its semiconductor products in stock exceeding 29 trillion won (
Daewoong Pharmaceutical announced on March 14 that its product Fexuclue (ingredient name: fexuprazan HCl), a treatment for gastroesophageal reflux disease, obtained a drug license from the Agencia Nacional de Medicamentos, or ANAMED, under the Chilean Public Health Institute on Feb. 20.This marked t
Samsung C&T is successfully implementing the Thi Vai Project, Vietnam’s first LNG terminal, on March 14 according to industry sources. The project broke ground in June 2019. The terminal is scheduled for completion in the second half of this year.Following this, Samsung C&T preempted the Vietnamese
As competition for global battery supremacy intensifies, all-solid-state batteries, called “dream batteries,” are attracting more attention from those in the world battery industry. This is because if this battery technology, which can boost batteries’ safety and mileage a great deal, is commerciali
The gap between Korea’s Samsung Electronics and Taiwan’s TSMC in the global foundry market further widened in the fourth quarter of last year. With the foundry market declining by 4.7 percent from the previous quarter, both companies experienced a drop in sales, but TSMC was less affected than Samsu
Hyundai Motor Company will acquire a foreign carmaker’s plant in India for the first time since entering the Indian market in 1996. It is a measure to increase its responsiveness to the rapidly growing Indian market, analysts say.Hyundai Motor India signed a legally binding term sheet to acquire Gen
Saudi Arabia’s Ministry of Investment held an MOU signing ceremony for a strawberry smart farm project between a consortium consisting of four Korean companies, including Nongshim, and a local Saudi Arabian company on March 12 (local time).Nongshim will export smart farms to Saudi Arabia after the U
At Mobile World Congress (MWC) Barcelona 2023, Huawei took home multiple GTI Awards.Huawei's Green Target Network program scooped the GTI Innovative Breakthrough in Mobile Technology Award and Outstanding Award, while its 5G Smart Ocean project won the GTI Market Development Award for its outsta
A total of 19 insurance companies, more than one-third of the total, asked the Financial Supervisory Service to postpone the implementation of the Korea Insurance Capital Standard (K-ICS). The ratio is over 50 percent when it comes to life insurance companies. The standard is for soundness assessmen
The author is an analyst of NH Investment & Securities. He can be reached at sw.kang@nhqv.com. -- Ed.Sensitivity to policy for US 10yr TB yields is lessening at a time when sensitivity to economic growth is amplifying. With this being a typical pattern at the end of a rate upcycle, long-term TB yiel
Korean battery makers announced a shared goal to expand the energy storage system (ESS) battery market. The companies are planning to compete in earnest with Chinese companies dominating the ESS market by waging a price war.LG Energy Solution has succeeded in developing lithium ferrophosphate (LFP)
The author is an analyst of NH Investment & Securities. She can be reached at yd.yoon@nhqv.com. -- Ed.Despite its main securities business remaining as solid as others, Daishin Securities turned to net loss in 4Q22 on one-off losses stemming from the booking of additional tax for Nine One Hannam. As
Korea-based global DRAM leaders -- Samsung Electronics and SK Hynix -- are accelerating the commercialization of 3D DRAM, which are said to be a game changer in the memory industry. However, Micron, which ranks third in the DRAM industry, has already begun its 3D DRAM research since 2019, securing t
Samsung Electronics will begin mass production of third-generation 4-nm chips, the main item in the foundry ultra-micro fabrication process sector, during the first half of this year. While stabilizing the yield, which was a problem in the early stages of the process, the Korean semiconductor giant