Amid the threat of a full-blown strike for the first time in five years, Hyundai Motor Company is facing pressure from labor unions even at its U.S. facilities where no labor union has been established. In South Korea, the Hyundai labor union has been ramping up pressure after securing the right to
Kumho HT revealed on Aug. 28 that they are actively planning to establish an overseas subsidiary in response to the global finished vehicle companies expanding production and sales in India.The company is considering an investment of approximately 300 billion won for the establishment of a local sub
Hyundai E&C has won the Finalist Award at the International Design Excellence (IDEA) Awards 2023 for “The Rabbit Playground” at Hillstate Hongeun Forest apartment complex.The IDEA Design Award, which began in 1980, is an international design award organized by the American Industrial Designers Assoc
Lotte Chilsung Beverage has been honored with the Special Award of the Year and a Gold Award at the Effie Awards Korea 2023.The Effie Awards, a prestigious global marketing communication awards ceremony, began in the U.S. in 1968. Currently, more than 55 programs are being conducted in 125 countries
The author is an analyst for NH Investment & Securities. He can be reached at sw.kang@nhqv.com -- Ed.We attribute August’s bear-steepening to a combination of: 1) fears of upward revisions to i* and r*; and 2) supply-demand pressures. Although supply-demand factors linger, concerns about increases t
The Ministry of Land, Infrastructure, and Transport (MOLIT) has imposed the maximum 10-month business suspension on GS Engineering & Construction (GS E&C) due to the collapse of an apartment in Incheon’s Geomdan in April. The designer involved in the incident will face either license revocation or a
Hanwha Ocean has emblazoned the Hanwha logo on the world’s largest Goliath crane. This marks the conclusion of the three-month-long corporate identity (CI) integration work at Hanwha Ocean’s Geoje business site, the Seoul Namdaemun office, and the Siheung R&D campus.The Geoje business site of Hanwha
Prosecutors have launched a raid on the headquarters and subsidiary of KT Corp as part of an investigation into suspicions of embezzlement. According to industry sources on Aug. 28, the Fair Trade Investigation Division of the Seoul Central District Prosecutors’ Office, led by Chief Prosecutor Lee J
The author is an analyst for NH Investment & Securities. She can be reached at jiyoony@nhqv.com -- Ed.We hosted a non-deal roadshow (NDR) for The Nature Holdings following its 2Q23 earnings announcement. The attending institutional investors expressed interest in its timeline for overseas expansion
The author is an analyst for Shinhan Securities. She can be reached at hpark@shinhan.com -- Ed.Strong top-line growth continuing in the domestic marketGamsung Corp sells Snow Peak brand apparel under its licensing agreement with the Japanese camping brand. The company's rapid growth in earnings has
The number of infants aged to 4 in South Korea is unusually small compared to those of other East Asian countries, according to an analysis.Lee Tae-yeol, a senior research fellow at the Korea Insurance Research Institute, said in a report on the severity of South Korea’s declining birthrate through
ESG disclosures in Korea will be mandatory for companies with more than 2 trillion won in assets starting in 2025, but even large companies are still struggling to prepare.The Korea Chamber of Commerce and Industry (KCCI) surveyed ESG executives from 100 Korean companies -- 59 large companies and 41
Apple, which has already surpassed Samsung in sales and profitability, is poised to overtake Samsung for the first time in market share by shipments with the iPhone 15 series scheduled to be unveiled in September. This has presented a challenge for Samsung Electronics, which has been the undisputed
U.S.-based tech giant Meta (formerly Facebook) recently visited South Korea to discuss next-generation DRAM with SK hynix. Nvidia, an AI semiconductor company, is also planning a visit soon.According to industry sources on Aug. 27, Meta officials visited the SK hynix headquarters in Icheon, Gyeonggi
On Aug. 27, Nikkei, referencing data from MarkLines, a global auto market research firm, and various company reports, revealed that Chinese EV manufacturer BYD has entered the top 10 in global new car sales for the first half of the year (January-June).BYD’s sales stood at 1.25 million units, a 96%
Hyundai E&C and Holtec, a U.S. nuclear power plant design and manufacturing company, will commence construction of a small modular reactor (SMR) in the mainland U.S. by 2026. With the goal to complete the project within 3 years and start electricity production by 2029, the order is expected to excee
On Aug. 27, Hyundai Mobis announced its collaboration with Israel’s communication semiconductor design specialist, Autotalks, to develop a 5G-based Vehicle-to-Everything (V2X) integrated controller.Autotalks, recently acquired by Qualcomm, is recognized as a leader in V2X semiconductor design as des
Amid increasing global gaming demand, Samsung Electronics and SK hynix are intensifying their efforts to penetrate the “Graphics Double Data Rate (GDDR)” market, a type of high-performance DRAM dedicated to graphics.According to a report from U.S.-based market research firm Industry Growth Insights
Lee Chan-hee, chairman of Samsung Group’s independent corporate compliance oversight committee, has raised the need for a group control tower. Given the immense scale of Samsung’s organization, he argues that having a control tower is essential to ensure efficiency and unity.According to industry so
As AIA Life Insurance prepares for the launch of its sales company in September, the company has started offering a remarkable incentive to competitors’ agents: up to 200 percent of their previous year’s salary. This represents a substantial increase of 18 to 190 percentage points above the industry