Hanwha Defense will export about 930 billion won worth of the K-9 Thunder, the world's most advanced self-propelled howitzer, to Australia.The company has recently signed a final contract with the Australian Army, which came a year and three months after it was selected as a preferred bidder in
Sony, the world’s No. 1 image sensor maker, is joining hands with Qualcomm and TSMC to keep Samsung Electronics, which is expanding its market share, in check. Sony and Qualcomm are planning to establish a joint camera research lab in San Diego of the United States. San Diego is home to Qualcomm'
The author is an analyst of KB Securities. He can be reached at jeff.kim@kbfg.com. -- Ed. SEC likely to add WOLED to its TV lineup next year We believe that LG Display will see greater likelihood of winning orders for WOLED panels (used in OLED TVs) from Samsung Electronics (SEC) next year and that
Startup Alliance Korea said on Dec. 9 that this year’s domestic startup investment is expected to exceed 20 trillion won.Last year, the investment was approximately 11.6 trillion won, consisting of 9.0815 trillion won from the government and domestic investment companies and 2.5 trillion won or so f
SK Group chairman Chey Tae-won hosted the Trans-Pacific Dialogue on Dec. 6 at the Salamander Resort near Washington, D.C. There, he said that South Korea, the United States and Japan need to respond together to global issues such as supply chain setbacks, climate change, nuclear weapons in the Korea
Samsung Electronics Co. announced on Dec. 8 that the company ranked fourth out of 150 companies in the World Benchmarking Alliance (WBA)’s Digital Inclusion Benchmark in 2021. The company placed 10th in 2020.The WBA represents an alliance forged by more than 200 global, regional, and local organizat
The Korea Institute for International Economic Policy said in its recent report that more thorough supply chain risk management is required regarding South Korean industrial items highly dependent on Japan and more long-term efforts are required for source technology development and supply chain div
Chey Institute for Advanced Studies, which is run by SK Group chairman Chey Tae-won, is planning to hold the first Trans-Pacific Dialogue next month. It is to discuss diplomatic and geopolitical issues with South Korean, U.S. and Japanese bureaucrats, entrepreneurs and scholars.The institute is a kn
The authors are analysts of Shinhan Investment Corp. They can be reached at mj1224@shinhan.com and kimaram@shinhan.com, respectively. – Ed. Expectations for new titles arriving in 2022 and P2E NFT gamesNeowiz is set to release a number of new games from the end of this year through 2022. Its subsidi
The Startup Alliance announced on Nov. 22 that South Korean startups attracted an investment of 9.4033 trillion won for the first 10 months of this year and the annual total is expected to exceed 10 trillion won for the first time in history this year.This has to do with various incentives from the
Nowadays, both the United States and China are putting increasing pressure on South Korean enterprises so that they do not increase their investment in China and the United States, respectively. The two superpowers are their most important trade partners and their concerns are growing under the circ
The Korea Economic Research Institute said on Nov. 17 that the economic value of the US-ROK alliance is estimated at 928.2 trillion won to 3,041.6 trillion won for the period of 2000 to 2021 and damage to the alliance is likely to cause an increase in defense spending and a decline in GDP.The instit
The Ministry of Trade, Industry and Energy held a meeting on Nov. 15 at the Korea Carbon Industry Promotion Agency and announced that South Korea’s carbon material technology is currently 80 percent of the level of that of industry leaders.In the carbon material industry, carbon fibers, artificial g
Hyosung Advanced Materials has inked an agreement with North Jeolla Province and the Korea Carbon Industry Promotion Agency to expand carbon fiber production lines.The agreement was signed at a conference on carbon material competitiveness enhancement held in Jeonju on Nov. 15.Under this agreement,
The authors are analysts of Shinhan Investment Corp. They can be reached at mj1224@shinhan.com and kimaram@shinhan.com, respectively. – Ed. 3Q21 operating profit of KRW10.2bn (positive swing QoQ)PearlAbyss posted operating profit of KRW10.2bn (positive swing QoQ) on sales of KRW96.4bn (+8.9% QoQ) fo
Taiwan's TSMC, the world's largest foundry, forged an alliance with Japan's Sony by establishing a joint venture semiconductor plant in Japan.TSMC and Sony Semiconductor Solution (SSS), a semiconductor subsidiary of Sony, announced on Nov. 9 that they will jointly build a semiconductor p
“Let’s assume that the South Korean government demands Intel’s technological data and client information. Is there any possibility that the U.S. government will accept it?” said an employee in a Korean semiconductor company.Since the beginning of this year, the White House has had three meetings rel
Hyundai Motor Group has risen to third place in the global car sales rankings for the first time in its history.Cumulative global sales of Hyundai Motor Co. and Kia Corp. in the first nine months of this year were tentatively tallied at 5,032,045 units, according to the data from the global automobi
U.S. President Joe Biden had a supply chain meeting on Oct. 31 with the heads of 15 states, including South Korea, the United Kingdom, Germany, Japan, India, Indonesia, Singapore and Congo.“In order to deal with the ongoing global supply chain issues, we need to work more closely together in every p
The United States and the European Union ended their steel and aluminum trade disputes in 42 months. The United States opted to do so in order to strengthen its alliance with Europe with its trade disputes with China showing no signs of subsiding and because the prices of steel products in the Unite