The author is an analyst for NH Investment & Securities. He can be reached at minjae.lee@nhqv.com -- Ed.After having fallen to the 2018 level, the ‘jeonse’ (lump-sum rental deposit) price for major apartment complexes in Seoul has recovered to the 2020 level over the last 1~2 months. The direct caus
Hanwha Ocean is making an entry into the military ship maintenance, repair, and overhaul (MRO) business. The decision comes amid escalating tension in the Asia-Pacific region due to the recent U.S.-China conflict and an expected surge in the MRO market. The United States, which spends US$13.9 billio
SK Group created over 20.5 trillion won in social value (SV), up 1.6 trillion won from the previous year, through innovations in environmental and social business models last year. Social value refers to the degree to which a company has contributed to solving or alleviating social problems faced by
Recently, SK Telecom returned its 5G 28 GHz frequency license to the Korean government. This means that all three major Korean wireless carriers have given up the band. Earlier, they were fined a combined 33.6 billion won (US$25.7 million) by the Korea Fair Trade Commission (KFTC) for their overly e
SK networks announced on May 31 that it had held an event with the U.S. investment firm Hico Capital and Bow Capital at the Rosewood Sand Hill Hotel in Silicon Valley, California, to advance a partnership. The event was attended by key figures including Vivek Ranadive, chairman of Bow Capital, and C
On May 30 (local time), Korea Hydro & Nuclear Power Co., Ltd. (KHNP) signed an MOU for mutual cooperation with Fortum, a Finnish state-owned energy company, in Helsinki, Finland.Fortum is conducting feasibility studies for the construction of large-scale nuclear power plants, or SMRs, in Finland and
China’s SEMCORP, the world’s No. 1 maker of separators, is set to open a plant in Europe soon. It is expected to expand its market share in Europe through a price war and heat up competition with Korean and Japanese separator makers in the European market.SEMCORP is expected to complete its plant in
Hyundai Motor’s labor union plans to demand a record-high wage increase in this year’s labor negotiations as global carmakers are in a race to invest in future vehicles.According to industry sources on May 25, Hyundai Motor’s labor union is preparing this year’s wage and collective bargaining demand
The author is an analyst for NH Investment & Securities. He can be reached at kyeongkeun.kang@nhqv.com -- Ed.With the complexity and cost of semicon chip design continuing to increase, demand for semiconductor IP is on the rise. Openedges provides integrated IP solutions that combine NPUs and memory
The Korea Fair Trade Commission (KFTC) announced on May 24 that it has given a corrective order to the three major Korean wireless carriers (SK Telecom, KT, and LG Uplus) and imposed a provisional fine of 33.6 billion won (US$25.4 million) on them for falsely and exaggeratedly advertising 5G service
Korean battery material companies, including LG Chem, are accelerating the localization of key precursor materials for cathodes following the implementation of the U.S. Inflation Reduction Act (IRA) this year. As domestic production is expected to increase significantly from next year, attention is
Hana Financial Group announced at the United Nations Environmental Programme Finance Initiative (UNEP FI) Asia-Pacific Roundtable held in Korea that it will take the lead in "expanding investments in the field of biodiversity" for sustainable finance in the Asia-Pacific region. The UNEP FI is an int
LG Display announced that its research papers on “Ultra-large OLED” and “Stretchable Display” development technologies were selected as “Distinguished Papers of the Year” at the Society for Information Display (SID), an international academic conference for display information.SID is the world's
Over the past five years, changes have been made in the market capitalization standings among semiconductor giants. Samsung Electronics and Intel, the top two semiconductor companies, recently slipped down through the rankings. Meanwhile, nonmemory companies such as Nvidia, TSMC, and Advanced Micro
The author is an analyst for Shinhan Securities. She can be reached at hyon@shinhan.com -- Ed.1Q23 operating profit comes in at KRW16.8bn (+105.7% QoQ)Hana Micron posted operating profit of KRW16.8bn (+105.7% QoQ) on sales of KRW237.9bn (+9.8% QoQ) for 1Q23. A drop in earnings at the parent company
Huawei, which has been hit hard by the U.S. ban on semiconductor equipment exports to China, made a winning move by entering the digital transformation (DX) business in the industrial field.The Chinese IT giant held the Huawei Asia-Pacific Partner Conference 2023 in Shenzhen, China, on May 17 (local
A number of high-profile mergers and acquisition (M&A) deals were made in the entertainment industry recently. Kakao and HYBE's investment in SM Entertainment is a recent good example.Korean showbusiness companies are partnering with blockchain platforms for metaverse platforms or the non-fungib
After the outbreak of the U.S.-China trade conflict, in the U.S. imported semiconductor market, the share of Chinese-made semiconductors shrank by one-third while that of Taiwanese-made products has doubled over the past four years. That of Korean-made chips inched up a bit as well.China’s share of
S-OIL said that the company appointed Anwar A. Al-Hejazi, former president of Aramco Asia as its new CEO in an extraordinary general meeting of shareholders and the board of directors on May 9.“Al-Hejazi is an expert in the energy industry, having served as an executive at Aramco, an oil company run
The rapid growth of the electric vehicle market and a sharp increase in sales of the three Korean battery makers are bringing big profits to Chinese companies that dominate the market for key battery materials such as lithium. Korean battery makers depend on Chinese companies for close to 90 percent