Daewoong Pharmaceutical announced on Aug. 20 that due to the global expansion of its self-developed botulinum toxin treatment “Nabota” and newly developed drugs such as Fexuclue and Envlo, its overseas exports have grown by more than 200% in the past two years.Exports, which stood at 448 billion won
Chinese companies that have been exporting solar cells and modules to the United States through Southeast Asia are facing a “tariff bomb” from the U.S. Department of Commerce. Hanwha Q CELLS, the solar division of Hanwha Solutions, based in Malaysia, stands to benefit from these tariffs.On Aug. 18,
SK hynix has successfully developed the world’s first 5th generation High Bandwidth Memory (HBM), setting a new benchmark for high-performance DRAM.On Aug. 21, SK hynix announced, “We have successfully developed ultra-high-performance DRAM for Artificial Intelligence (AI), dubbed the 5th generation
The author is an analyst for NH Investment & Securities. He can be reached at kyuha.lee@nhqv.com -- Ed.Reflecting slower-than-expected downstream demand and a dampening in global peer valuations, we lower our earnings forecasts and TP for LGE. But, with the IT giant’s shares trading near the bottom
The author is an analyst for Shinhan Securities. He can be reached at sanghoonpure.cho@shinhan.com -- Ed.Orion saw July sales increase 18.1% in Korea and 1.4% in Vietnam, but fall 2% in China and 25% in Russia on a YoY basis. Top-line growth was achieved across the board when excluding forex effects
Voices are being raised for a policy shift in the Korean government’s Renewable Electricity 100 (RE100) goal. They say that it is necessary for the Korean government to switch to Carbon Free 100% (CF100), which includes utilizing nuclear energy.According to data submitted to Rep. Han Moo-kyung of th
Growing demand for batteries is fueling competition for key minerals. In the meantime, countries and companies leading electrification are divided over whether to utilize deep-sea resources. China, which asserts that the deep sea can be an efficient source of minerals, is faced with opposition from
An alarm bell has sounded in Korea’s auto parts industry with China’s entry into a deflationary phase. Some companies are selling off their local subsidiaries in China or drastically downsizing their operations as demand for new cars has fallen in the country.According to the electronic disclosure s
“Team Korea,” comprising public corporations, private enterprises, and policy funds, has successfully undertaken a massive solar project in the U.S. valued at 600 billion won.The Korea Overseas Infrastructure & Urban Development Corporation (KIND) and the PIS Fund (Plant, Infrastructure, Smart City
Samsung, along with SK, Hyundai, and LG, the four major conglomerates, are set to rejoin The Federation of Korean Industries after a hiatus of 6 years and 8 months.According to industry sources on Aug. 20, Samsung, after taking into consideration the recommendation for a “conditional rejoining” from
The key focus of the economic collaboration announced at Camp David between South Korea, the U.S., and Japan is the mitigation of “China Risk.” This cooperative effort is aimed at countering China’s growing influence in high-tech industries by jointly tackling supply chain disruptions and technologi
South Korea, once the largest exporter to China, fell to fifth place among exporters to China in the first half of this year. This is because exports of intermediate goods to China, which account for more than 80 percent of South Korea’s exports to China, have been on a sharp decline. On the other h
The Mexican government’s surprise move to raise tariffs on steel imports by up to 25 percent from countries with which it has not signed trade agreements is expected to deal a blow to South Korea only, not touching the United States or Japan.The USTR announced on its website on Aug. 18 (local time)
Japan’s nationwide average minimum wage has surpassed 1,000 yen (9,241 won or US$6.88) per hour for the first time. It is analyzed that local governments have implemented larger increases than expected as rising prices overlapped with labor shortages.According to reports from Nihon Keizai Shimbun an
The overseas performances of major commercial banks have improved in the first half of this year. The improvement in performance in China and Southeast Asian subsidiaries has supported this trend.In the first half of this year, the four major commercial banks collectively recorded a net profit of 60
It has been observed that the production capacity of domestic shipbuilding companies has significantly increased this year. This is a result of the shipbuilding industry’s boom, leading to increased hiring and longer working hours. Despite these efforts, however, it appears that the absolute product
Midsize domestic automakers gearing up for electric vehicle production in South Korea are actively seeking partnerships with overseas battery suppliers from countries like China and Japan. This move comes as South Korean battery manufacturers, including the top three, are increasing their overseas i
The Hyundai Motor labor union has declared a breakdown in wage and collective bargaining negotiations this year and has begun preparations for a strike. If the union actually goes on strike, it will mark the first strike in five years.As of Aug. 20, the possibility of a strike in and around Hyundai
SK on announced today it will establish a cathode manufacturing facility in Canada with global major automaker Ford Motor and cathode producer EcoPro BM as they joined a move to strengthen a value chain covering from key battery materials to electric vehicles (EVs). Cathode is a core material determ
South Korea’s household electricity rates are 40 percent of Japan’s, making it cheaper compared to the G7 countries, according to a new report.Japan’s Nikkei calculated the 2022 household electricity bills of the G7 countries based on International Energy Agency (IEA) statistics and found that Italy