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
Samsung Electronics and SK hynix have showcased their world-leading NAND flash memory semiconductor technology. SK hynix has taken the lead in NAND industry stacking competition by opening the 300-layer era of NAND for the first time in the industry. Samsung Electronics also attracted attention by i
Mobis has successfully secured a large-scale overseas contract in the future mobility sector, specifically in the electric vehicle business. This is an extensive order for electric vehicle components that the company has received from a key global automaker, a remarkable achievement that acknowledge
The author is is an analyst for NH Investment & Securities. He can be reached at jack.baek@nhqv.com -- Ed.With sharp y-y cost increase that continued till 2Q23 likely to slow from 3Q23, the spotlight should once again turn to Hyundai Ezwel’s investment merits. Noting sound 2023 new orders and recent
SK bioscience, an innovative vaccine and biotech company committed to promoting human health from prevention to cure, announced that its board of directors has decided to make an equity investment in Novavax, a global company advancing protein-based vaccines with its novel Matrix-M™ adjuvant, securi
LOTTE BIOLOGICS announced that they have signed a Memorandum of Understanding (MOU) with Roche Diagnostics, the diagnostic division of the global healthcare leading company Roche Group, to cement their cooperation in the Contract Development and Manufacturing Organization (CDMO) sphere.This MOU, sig
Coway Co., Ltd., the “Best Life Solution Company,” today reported financial results for the second quarter of 2023."We’ve successfully sustained steady growth through global market expansion, innovative product offerings, and strategic marketing efforts, despite difficult market circumstances," comm
The four major Korean business groups -- Samsung, S.K., Hyundai, and LG -- have begun to return to the Federation of Korean Industries (FKI).Ahead of the FKI’s extraordinary general assembly on Aug. 22, Samsung will hold a compliance committee meeting to discuss rejoining the organization. Other gro
On June 30, 2022, Samsung Electronics became the first company in the world to start volume production of chips via a 3-nm foundry procedure.The 3-nanometer era is expected to create a big change in the semiconductor market over the next decade. The 3-nm era will bloom in earnest with 3-nm chips pow