Superconductors, materials that suffer no energy loss due to electrical resistance, have traditionally been limited to novel technologies such as maglev trains. It was challenging to make superconductor technology economically viable.However, recent research by South Korean teams implementing superc
“I was curious about Korean chicken and ramen, and it was really great to see the process and taste them. The flavor was surprisingly good.”Chloe Sears from the U.K., participating as an International Service Team (IST) member at the 2023 Saemangeum Scout Jamboree, visited Harim Food Road on Aug. 3
Dong Wha Pharm announced on Aug. 3 that it has signed a contract to acquire a 51% stake in “TRUNG SON Pharma,” a company that operates a pharmacy chain in Vietnam.TRUNG SON Pharma operates over 140 pharmacy chains in the southern region of Vietnam. The company recorded sales revenue of approximately
Hyundai Motor Group has invested US$50 million in Tenstorrent, an artificial intelligence semiconductor startup based in Canada. Hyundai Motor Group has been reinforcing its semiconductor capabilities through strategic collaborations and by establishing a new semiconductor development lab this year.
Incheon International Airport Corporation (IIAC) announced on Aug. 3 that it has developed the world’s first Advanced Surface Movement Guidance and Control System (A-SMGCS).The A-SMGCS is a service that provides airlines with real-time information on the ground at the airport. Airlines can receive i
As interest in superconductors with zero electrical resistance grows, a lot of attention is being paid to LS Cable & System’s development of superconducting cables. Although the implementation of superconductors at room temperature is still a long way off, the company’s strategy is to commercialize
The total amount of battery energy in electric vehicles registered in 80 countries around the world in the first half of this year was 304.3 gigawatt hours (GWh), up 50.1 percent year on year, according to SNE Research on Aug. 3. The electric vehicles included battery electric vehicles (BEVs), plug-
The number of new imported passenger car registrations in July was 21,038, down 1.3 percent from a year earlier, according to the Korea Automobile Importers & Distributors Association on Aug. 3. The figure was down 21.0 percent from the previous month. The cumulative total from January through July
The author is an analyst for Shinhan Securities. He can be reached at jk.ahn@shinhan.com -- Ed.Steep rate hikes and reduced bond issuance accelerate yield curve inversionA surge in short-term yields caused by steep base rate hikes is the first reason why we are seeing a sharper yield curve inversion
The author is an analyst for Shinhan Securities. He can be reached at snowKH@shinhan.com -- Ed.2Q23 earnings surprise with OP of KRW52.7bn (+83% YoY)Hyundai Autoever registered operating profit of KRW52.7bn (+83% YoY) on sales of KRW753.9bn (+20% YoY) in 2Q23, an earnings surprise that beats our est
During the middle of July, South Korea witnessed a consecutive two-month rise in its foreign exchange reserves, reflecting an increase of US$350 million. This surge can be attributed to the upward valuation of foreign currency assets against the backdrop of a weakened U.S. dollar, particularly again
The rise of Poland as a prominent hub for Eastern European electric vehicle battery and defense industries has positioned it as a strategic focal point for domestic and international corporations. The recent collaboration with Ukraine’s reconstruction efforts has also attracted attention from domest
After their head-to-head competition in a next-generation naval escort ship contract, HD Hyundai Heavy Industries (HHI) and Hanwha Ocean are shifting their focus. There’s keen interest about whether they will work together to win tens of trillions of won of submarine procurement projects.According t
SPC Group’s Paris Baguette has announced that it has been ranked 37th in the “Top Global Franchises” selected by the U.S.-based business magazine “Entrepreneur” in 2023.Entrepreneur, a business magazine representing the U.S. alongside Forbes and Fortune, recently announced the top 200 global brands
On July 3, CJ Logistics announced that it has signed a strategic partnership memorandum of understanding (MOU) with the 7th global container shipping company, Japan’s Ocean Network Express (ONE).Through this business agreement, both companies have agreed to actively cooperate in providing competitiv
OSSTEM IMPLANT is scheduled for delisting from the KOSDAQ market on Aug. 14, marking an end to its 16-year presence since its market debut in 2007. The orderly liquidation period will span from Aug. 3 to Aug. 11.On Aug. 2, the Dentistry Investment consortium, formed by MBK Partners and Unison Capita
In 2Q 2023, LG Household & Health Care (LG H&H Co., Ltd) reported 1.8tr won in sales (-3.0% yoy), 158bn won in operating profit (-27.1% yoy).The Company sales decreased mainly due to Beauty’s 8% yoy decline, while HDB and Refreshment sales grew slightly yoy. Operating profit for the Company decrease
KT&G Corporation(“KT&G” or the “Company”) (KRX:033780), South Korea’s leading tobacco manufacturer, today announced financial results for the second quarter ended June 30, 2023. The Company also shared its robust shareholder return program, including interim dividend and share cancellation.For the 2
The author is an analyst for NH Investment & Securities. She can be reached at hzl.lee@nhqv.com -- Ed.We raise our TP on SM Ent to W170,000. With the full-fledged launch of the SM 3.0 era, the frequency of the firm’s new releases has increased, and sales volume per album is on the rise. Accordingly,
The average age of employees at Hyundai Motor and Kia Corp. is on the rise. More than half of the employees are over the age of 50, but less than one in 10 are in their 20s. In this situation, their labor unions are demanding that the retirement age be extended, raising concerns that the demand will