GS Engineering & Construction (GS E&C) announced on the 11th that its subsidiary, GS Inima, has secured the Shuweihat S4 Reverse Osmosis Independent Water Project ordered by the UAE's Water and Electricity Authority (EWEC).This newly secured contract, valued at approximately 920 billion won, is
SK telecom (SKT) today announced that it is investing additional USD 100 million in Anthropic, an AI safety and research company based in San Francisco. This follows the previous investment from SK Telecom Venture Capital (SKTVC), the Silicon Valley-based venture capital arm of SKT. SKT has entered
Huawei announced its business results for the first half of 2023 today. Overall performance was in line with forecast.In 2023 H1, Huawei generated CNY310.9 billion in revenue, with a year-on-year increase of 3.1% and a net profit margin of 15.0%. The company's ICT infrastructure business contrib
SK hynix Inc. announced today that it has begun supplying the industry’s first 24-gigabyte (GB) Low Power Double Data Rate 5X (LPDDR5X1) mobile DRAM package to its customers, following the mass production of LPDDR5X in November 2022.“The company integrated the High-K Metal Gate (HKMG2) process in th
According to the DNV’s Alternative Fuels Insight (AFI) on Aug. 10, the world’s cumulative orders for methanol-fueled ships (including retrofits) stood at 204 vessels as of the end of July. Of these, Korean shipbuilders accounted for 35.8 percent, or 73 vessels.Twenty-seven vessels are currently in o
An international standard for liquefied petroleum gas-powered ships was approved at the International Maritime Organization’s 107th Maritime Safety Committee (MSC) meeting in London, the United Kingdom, in June.According to sources in the shipbuilding industry on Aug. 10, LPG ship safety guidelines
The cargo business has become one of the variables in the merger of Korean Air and Asiana Airlines entering the home stretch. It remains to be seen if Korean Air’s high-stakes tactic of offering cargo planes to its rivals will be enough to satisfy overseas competition authorities.According to indust
POSCO International, which has announced its takeoff to become an eco-friendly energy giant, seems to be increasing its scale in all stages of the LNG business from exploration and production to supply.Australian natural gas (LNG) company Senex Energy, a subsidiary of POSCO International in Australi
China has launched counterattacks against U.S. economic restrictions on the Chinese market. The counterattacks include three measures implemented last month and this month.“As the U.S.-China conflict escalates and China announced legislative initiatives and export control measures to secure economic
The U.S. government is highly likely to designate copper foil, a battery material, as a core mineral in the Inflation Reduction Act (IRA). This is expected to strengthen the position of Korean copper foil companies as Chinese companies are blocked from entering the fast-growing U.S. battery market.A
On Aug. 9 (local time), the U.S. federal government made a decision to regulate American capital investment in China’s advanced technology sector. This marks an escalation of the economic battle between the U.S. and China, expanding its front from trade and technology to the investment domain. This
Global trade is declining. China, often referred to as the “world's factory,” is experiencing a decrease in exports, while the United States, the world’s largest consumer, is reducing imports. This not only points to a slowdown in the global economy but also serves as a warning of a larger under
In the first half of this year, venture investment amounted to 4.4 trillion won (US$3.35 billion), marking a 41.9 percent decrease compared to the same period last year. This decline can be attributed to the lingering effects of interest rate hikes that began in the latter half of the previous year
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