Chey Jae-won, Vice Chairman of SK Group, met with Ola Källenius, CEO and Chairman of the Board of Mercedes-Benz Group, to explore potential business collaborations. The meeting, which took place at the SK building on Aug. 23, was announced by SK Group. The discussions centered on the expansion of co
The author is an analyst for NH Investment & Securities. He can be reached at kyeongkeun.kang@nhqv.com -- Ed.Having weathered a delay, Samyoung’s new production line for capacitor films is about to come online. Upon mass-production of capacitor films for EVs, sales mix improvement should lead to ful
The author is an analyst for Shinhan Securities. He can be reached at jk.ahn@shinhan.com -- Ed.US government and Fed seek to bring down inflation without a recessionThe US Fed is seeking to stabilize inflation at lower levels without a recession in hopes of avoiding a repeat of the 1970s. It has rai
The author is an analyst for NH Investment & Securities. He can be reached at jaemin.ahn@nhqv.com -- Ed.NAVER’s AI businesses are to kick off in earnest with the unveiling of HyperCLOVA X on Aug 24. Despite competition from global tech giants, we expect NAVER to maintain its leadership in the domest
The author is an analyst for Shinhan Securities. He can be reached at jinmyung.lee93@shinhan.com -- Ed.Kukdo Chemical reported profit gains in 2Q23 despite weak ASP, backed by sales volume growth. The Chinese epoxy resin unit returned to profit. However, epoxy market conditions continued to be weigh
A bad feeling is growing among makers of electric vehicles that previously enjoyed rapid sales growth in the global automobile market. This is because their sales growth is staying on the skids year on year in major markets such as Korea, China, and the United States.According to the Korea Automobil
Shipbuilding exports are taking the lead in Korea’s exports in the first half of the year. During this span, Korea’s exports rose 11.9 percent year on year. The Korean shipbuilding industry secured four years’ worth of work through the end of the first half of this year. This is the largest order ba
As the hydrogen market is expected to expand as an eco-friendly energy industry, major countries are rushing to promote hydrogen utilization promotion policies.On Aug. 22, the Korea International Trade Association (KITA) released a report on policy research to boost the competitiveness of the Korean
ABSOLUT premium vodka, Pernod Ricard Korea’s flagship brand, is collaborating with Sticky Monster Lab to open a pop-up space called ‘ABSOLUT Ground’ mix with Sticky Monster Lab at Common Ground near Konkuk University in Gwangjin-gu, Seoul.Our second pop-up space following last year’s ‘ABSOLUT Home’
Correction 8/23 4:09 p.m. KST: A previous version of this story incorrectly stated that the Federation of Korean Industries had changed its name to the "Korea Businesspeople Association." However, the organization has only changed its Korean-language name. Translating that name change into English m
Amid a forecast that global semiconductor facility investment will return to a decline for the first time in four years, Samsung Electronics made the largest facility investment ever in the first half of this year. The Korean semiconductor giant is not only investing in research and development (R&D
The author is an analyst for NH Investment & Securities. He can be reached at sw.kang@nhqv.com -- Ed.Spiking real interest rates undermine fiscal sustainability. The US government will try to pace its spending and ease supply pressures through the TGA account. However, investors have no incentive to
Hanwha Ocean (formerly Daewoo Shipbuilding & Marine Engineering) is preparing to raise funds amounting to around 2 trillion won. This move is proactive investment in defense and other sectors in preparation for the future.On Aug. 22, Hanwha Ocean announced, “We are reviewing various ways to raise fu
The domestic car market is rapidly reorienting around SUVs. For the first time, SUVs have surpassed 60% of the total new car market share this year.According to industry sources on Aug. 22, a total of 546,230 SUVs, including leisure vehicles (RVs), were sold domestically from January to July this ye
In the first half of this year South Korea’s steel imports showed an increase of over 10% compared to last year. This significant rise in imports is attributed to fluctuations in the exchange rates of major importing countries like China and Japan coupled with a domestic industrial boom leading to a
Korea Electric Power Corporation (KEPCO) has reportedly exceeded 200 trillion won (US$149.31 billion) in debt for the first time in its history. This comes as the company is predicted to incur an operating loss of approximately 7 trillion won this year. Concerns are mounting over KEPCO’s ability to
The overseas subsidiary capital of Mirae Asset Securities has exceeded 4 trillion won (US$2.99 billion). It is the largest among domestic securities firms. The net profit earned overseas is also steadily increasing.According to the investment banking industry on Aug. 22, the capital of Mirae Asset S
Korea South-east Power announced on Aug. 22 that it attended the 38th Meeting on Streaming Coal Procurement and Handling held in Malaysia from Aug. 8 to 11.This meeting was attended by fuel purchasing managers from four countries: Korea South-East Power, Taiwan Power Company, Japan’s J-Power, and Ma
On Aug. 22, Hyosung TNC announced plans to supply dust-proof suits and caps made from its “Regen” fiber to Samsung Electronics’ semiconductor factory in Texas in the U.S.This project stems from the consensus that for sustainable management, workwear and apparel used at industrial sites must also be
Boryung (formerly Boryung Pharmaceutical) announced it will host the “Humans in Space” (HIS) Symposium at the Space Industry Conference in Las Vegas, Nevada from Oct. 23-25.The symposium will be held during the ASCEND conference organized annually by the American Institute of Aeronautics and Astrona