The trend of collaborations between domestic and foreign enterprises of various sizes to achieve success in new drug development is on the rise. Such collaborations are viewed within the industry as a potential model for “Korean-style Open Innovation” in the pharmaceutical and biotech sectors.Accord
CATL, China's largest battery manufacturer, is witnessing explosive growth, with its revenue for the first half of the year nearing that of the entire South Korean battery industry.According to industry sources on July 30, CATL reported sales of 189.246 billion yuan (US$26.6068 billion) and an o
South Korea’s total population stood at 51,692.000 as of July 1 2022, down 46,000, or 0.1 percent, from 2021, according to the results of the 2022 Population and Housing Census released by Statistics Korea on July 27.The total population of the census includes foreigners who have been living in Kore
Korea’s export volume index turned for a rise for the first time in four months. The country’s net terms of trade index also rebounded for the first time in 27 months as a drop in its imports eclipsed a drop in its exports.According to the Trade Index and Terms of Trade for June 2023 (in U.S. dollar
The difference in interest rates between Korea and the United States, which has reached 2 percentage points for the first time in history, is expected to continue for quite some time. However, the Korean foreign exchange market has been calm, starting at a low point in early trading despite concerns
Samsung SDI is reportedly in talks with several automakers over volume production of all-solid-state batteries in 2027.“We cannot disclose customer names, but we are currently in talks with several automakers over a volume production schedule of 2027,” said Sohn Michael, vice president and head of t
LG Chem announced that it will invest in the separator business in the United States within this year and establish a local supply system for separators by 2027.“As for the separator business, LG Chem is promoting customer diversification while having discussions with customers on appropriate produc
The Trax Crossover and Trailblazer from Chevrolet were first and second respectively among Korea's vehicle exports in June.According to "Automotive Industry Trends in June 2023" released on July 28 by the Korea Automobile & Mobility Association (KAMA), the Trax Crossover sold 24,359 units overse
The newly appointed CEO, Lee Hak-jae, is set to propel Incheon International Airport’s logistics services into a new era. His leadership promises to infuse fresh vitality into the airport’s logistics operations and fulfill his vision of establishing Incheon as a global logistics hub.Born in 1964, Pr
For the first time, Chinese shipbuilders have won large containership orders from global shipping giants. The Chinese government gave full support to the Chinese shipbuilder in landing this order. This helped China rise as the No. 1 shipbuilding powerhouse for large containerships in the world in th
Lotte Shopping has soft opened a mega commercial complex in Hanoi, Vietnam, marking its takeoff to become Asia’s No. 1 shopping center. The move marks a major exit from China and a relocation to Vietnam for Lotte Group’s overseas bases following China’s retaliation against Korean companies, includin
Hyundai Motor Group, which ranked third in the world in 2022 in terms of sales volume, joined the global top three in both operating profits and operating margins.In the second quarter of this year, Hyundai Motor Group’s operating profit ranked third behind Toyota and Volkswagen Group, which are vol
The author is an analyst for NH Investment & Securities. She can be reached at jiyoony@nhqv.com -- Ed.AmorePacific’s 2Q23 OP missed expectations by a wide margin due to e-commerce inventory adjustments in China and increased global marketing expenses. From 2H23, Sulwhasoo should enjoy a recovery in
The author is an analyst for NH Investment & Securities. He can be reached at soohong.cho@nhqv.com -- Ed.Although peak-out concerns are high, HMC should enjoy stable growth in 2H23, given that global inventories sit at only about 1.3 months. Solid earnings and dividends are to provide share-price do
Companies investing in biopharmaceutical-related technologies and production facilities will now be eligible for a maximum tax deduction of 35 percent.On July 27, the Ministry of Economy and Finance held the 56th session of the Tax System Advancement Review Committee presided over by Deputy Prime Mi
The Financial Supervisory Service (FSS) has responded to the complex issue surrounding the accounting treatment of Contractual Service Margins (CSM), which is considered a future revenue indicator under the new insurance accounting standard, IFRS 17. Given the initial apprehensions about potential e
Samsung Electronics once again recorded a significant deficit of 4 trillion won (US$3.12 billion) in its semiconductor (DS) division for the second quarter of this year. Consequently, the company has decided to implement additional cutbacks in DRAM and NAND semiconductor production during the second
Hyundai Motor and Kia are joining hands with BMW, General Motors, Honda, Mercedes-Benz, and Stellantis to establish a joint venture to build an electric vehicle charging network in the United States.On July 27, Hyundai Motor and Kia, along with GM and seven other major automakers, announced in a joi
As the global electric vehicle market is rapidly growing, the “K-Battery Trio” – LG Energy Solution, Samsung SDI, and SK innovation – have stepped on the growth accelerator. They recorded respective sales growth of 73%, 23%, and 170% (projected) in the second quarter compared to the same period last
Hanwha Aerospace has achieved the remarkable feat of supplying 129 Redback armored vehicles to the Australian Army.Hanwha Aerospace announced on July 27 that its Redback armored vehicle has been selected as the preferred model of Infantry Fighting Vehicle (IFV) in the “Land 400 Phase 3 Project,” whi