LG Household & Health Care (LG H&H) announced on Aug. 10 that their “Toothbrush Diet Project” had been awarded the top prize in the Packaging Design category at the Red Dot Award: Design Concept 2023.The Toothbrush Diet Project was launched with the aim of minimizing plastic usage in toothbrush manu
The Chinese government has decided to virtually fully permit overseas group travel for its citizens for the first time in over three years since the onset of the COVID-19 pandemic. Consequently, Chinese group tourism to South Korea will resume after more than six years, unlocking the travel restrict
The White House announced on Aug. 9 (local time) that in the first year since the implementation of the CHIPS and Science Act it has attracted investments amounting to US$166 billion from over 460 companies worldwide.The U.S. Department of Commerce stated that “More than 460 letters of intent for in
EOFlow, the developer of the wearable insulin pump EOPATCH, has become embroiled in an intellectual property infringement lawsuit in the United States.EOFlow announced on Aug. 9 that Insulet Corporation, a U.S.-based company specializing in the development of wearable insulin pumps, has filed a laws
The author is an analyst for NH Investment & Securities. He can be reached at ys.jung@nhqv.com -- Ed.With its acquisition of Bladt, CS Wind has entered the offshore wind substructure arena. We estimate that supply of offshore wind towers and substructures will push up the firm’s overall annual sales
The author is an analyst for NH Investment & Securities. He can be reached at ys.jung@nhqv.com -- Ed.Jeju Air’s 2Q23 results missed consensus due to a significant drop in passenger fares. Amid concerns of a demand peak out, an expansion of short-haul capacity is likely to increase supply burden and
Korea is moving quickly to establish the world’s first hydrogen power tender market. The Korean government plans to open a full-fledged hydrogen power generation market from 2025 after establishing a clean hydrogen market that can generate power with significantly lower carbon dioxide emissions than
Nvidia, which leads the global artificial intelligence (AI) chip market, is expected to introduce a new advanced graphics processing unit (GPU) that will boost AI performance, fueling the expansion of the advanced memory chip market led mainly by Korean companies. SK hynix and Samsung will be able t
An electric vehicle battery consortium led by LG Energy Solution will begin the construction of a cathode material plant in Indonesia.Kwon Young-soo, vice chairman of LG Energy Solution, traveled to Indonesia on Aug. 3 (local time) to discuss the LG Consortium project. The LG Consortium includes LG
A lot of attention is being paid to whether ARM, a British fabless company and subsidiary of SoftBank, which is led by Chairman Masayoshi Son, will be able to succeed in going public in the United States with support from major global companies such as Samsung Electronics, Apple, and Intel.According
The author is an analyst for NH Investment & Securities. She can be reached at yd.yoon@nhqv.com -- Ed.Kiwoom Securities opted to reflect CFD provisioning in one swoop, relieving short-term burden. With retail investors continuing to trade briskly in 2H23, related profits should expand in 3Q23. With
A total of approximately 14,000 vehicles across 8 different brands and 21 models, including Kia and Mercedes-Benz, have been identified for a recall.The Ministry of Land, Infrastructure and Transport has revealed that a total of 14,057 vehicles from 21 different models, produced or imported and sold
As China and the United States initiate efforts to reform electric vehicle subsidies, a similar action by France has prompted the South Korean government to work on devising response strategies.According to the Ministry of Trade, Industry and Energy (MOTIE) and KOTRA on Aug. 9, the French Ministry o
The possibility of Coupang achieving annual profitability has grown stronger. The company achieved its highest-ever quarterly revenue and operating profit in the second quarter of this year, continuing its streak of four consecutive quarters of profitability.According to Coupang’s second-quarter ear
An outlook has emerged predicting a narrowing of the market share gap between SK hynix and Samsung Electronics in the High Bandwidth Memory (HBM) market.HBM is a technology that boosts functionality by vertically stacking multiple DRAM modules. This innovation is integrated into Graphics Processing
Postbiotics specialist company bereum Co., Ltd. (CEO Han Kwon-il) announced on July 27 that it has registered a U.S. patent for the prevention and improvement of muscle loss from the Enterococcus faecalis bacterial strain (EF-2001).As we age, we become weaker and slower than when we were young. This
The domestically developed messenger ribonucleic acid (mRNA) COVID-19 vaccine, which has the fastest development speed in South Korea, is poised to be sold abroad, but is delayed due to a lack of funds for Phase 3 clinical trials. The development started with government policy fund support to secure
As the transition from Liquid Crystal Displays (LCD) to Organic Light Emitting Diodes (OLED) in vehicle displays is expected to take place, K-Display, holding over 90% market share, has solidified its position, while Chinese competitors are engaging in pursuit.According to industry sources on Aug. 9
Medytox has recruited Director Kim Jae-wook as the new head of its Medical Division.After graduating from Korea University’s School of Medicine, Kim went on to earn his Master’s degree from the same institution. He has previously served as the medical director at HUGEL, and as the Medical Head for t
Lotte Chemical’s share price plummeted to its lowest level of the year on Aug. 9. Goldman Sachs, providing a bearish outlook, set a target price of 100,000 won for Lotte Chemical, suggesting it could fall about 30% more, after it had dropped over 6% on the day.According to the Korea Exchange, Lotte