The author is an analyst for Shinhan Securities. He can be reached at yjjung86@shinhan.com -- Ed.Good times for allAuto sales volume data have come in at strong levels as expected, pointing to record-high earnings for automakers in 2Q23. Global wholesale volume reached 1.06mn vehicles (+9% YoY, +4%
The author is an analyst for NH Investment & Securities. He can be reached at minjae.lee@nhqv.com -- Ed.In 1H23, Europe reduced its fossil fuel use by more than 2% y-y thanks to strong use of wind, solar and NPPs, in turn contributing to a stabilizing in natural gas prices. In addition, the Energy C
The author is an analyst for NH Investment & Securities. He can be reached at jaemin.ahn@nhqv.com -- Ed.Despite the impending release of Ares, Kakao Games’ most anticipated 2023 game, expectations for the new title have yet to be reflected in share price. Ares’s sci-fi theme is to set it apart from
The author is an analyst for NH Investment & Securities. He can be reached at minjae.lee@nhqv.com -- Ed.In the wake of the release of the results of an investigation into GS E&C's Geomdan (Incheon) apartment complex collapse, major construction players’ share prices have been pushed down. With t
The author is an analyst for Shinhan Securities. He can be reached at jk.ahn@shinhan.com -- Ed.Lowered expectations for US rate cuts, strong external headwinds for 3Q23US Treasury yields are unlikely to move lower in 3Q. The Silicon Valley Bank crisis and the ensuing financial market unrest that tri
Nearly half of men aged 25 to 49 in South Korea have never been married, and one in three women in the same age group are also unmarried. While the world’s population is expected to grow by 28 percent from this year to 2070, South Korea’s population is expected to shrink by 27 percent.Statistics Kor
GC Biopharma’s and SK plasma’s entries into Indonesia will accelerate this year. GC Biopharma is expected to finalize all procedures within this year after receiving approval for business rights related to the construction of a blood product factory and a technology transfer from the Indonesian gove
Samsung Electronics’ foundry business has been in the red due to slowing global demand. It is blamed mainly on a slowdown in the smartphone industry, which accounts for a large share of sales in the foundry business.According to sources in the foundry industry on July 11, Samsung Electronics’ Foundr
“We are planning to have an initial public offering (IPO) within the next four years, but it could be sooner depending on the market and profitability,” said Kim Kyung-hoon, chief financial officer (CFO) of SK on, SK Innovation’s battery subsidiary, in his first interview since joining the company.“
Hyundai Motor’s labor union will join a general strike to be staged by the Korean Confederation of Trade Unions (KCTU) by going on a partial strike on July 12.According to industry sources on July 11, Hyundai Motor Company’s labor union will join the general strike by the KCTU on July 12. The union
The government has decided to accelerate the exports of small and medium-sized enterprises (SMEs), create an ecosystem for startups and ventures aimed at the global market, and roll out policies for SMEs to make a global leap.The Ministry of SMEs and Startups announced the “SME Promotion Comprehensi
Five former researchers from SEMES, who leaked the technology for manufacturing supercritical semiconductor cleaning equipment -- a core national technology -- to China, have been sentenced to prison in the first trial.On July 11, the 15th Criminal Division of the Suwon District Court sentenced form
In line with President Yoon Suk-yeol’s visit to Poland, the Export-Import Bank of Korea (Korea Eximbank) and Korea Trade Insurance Corporation are set to sign a financial agreement with Bank Gospodarstwa Krajowego (BGK), the Polish state-owned bank. The financial institutions of both countries plan
Recently, Samsung Electronics has improved its process yield (the ratio of good products) to over 75% for its 4-nm process, leading to speculation that it could expand its major clients for semiconductor foundry (contract manufacturing).On July 11, Park Sang-wook, a researcher at Hi Investment & Sec
POSCO HOLDINGS has set out a blueprint to increase the sales of its secondary battery material business to 62 trillion won and produce more than 420,000 tons of lithium by 2030.On July 11, POSCO HOLDINGS announced its medium- to long-term business plans at its 2023 Secondary Battery Material Busines
Korea Midland Power Co., a first for a power group, held an inauguration ceremony for its third European project, the Gubbaberget Windfarm Project in Sweden, on July 4 (local time).Approximately 70 people attended the inauguration ceremony, including Korean joint shareholders, European business part
Korea Hydro & Nuclear Power (KHNP) is set to participate in the green cement conversion project in South Australia.KHNP signed a memorandum of understanding (MOU) and a statement of cooperation (SOC) for the production of green hydrogen for South Australia’s green cement manufacturing project with t
Ottogi has been sustaining sales with overseas revenues exceeding 270 billion won in 2021.Ottogi is expanding its global operations and developing products suitable for different countries’ characteristics. In particular, Ottogi’s Soft Cheese Ramen is being exported to over 60 countries and is widel
As Spain has emerged as a new electric vehicle powerhouse in Europe, Korean battery companies are also eyeing the country with more interest than ever.The share of Spain in electric vehicle production in Europe expanded from 0.6 percent in 2019 to 12 percent in 2022, according to KOTRA on July 10. F
The economic effects of the Korean Wave have reached 37 trillion won in the last five years, according to a study.The Korea Economic Research Institute (KERI) said on July 10 that Korea enjoyed 37 trillion won (US$29 billion) in economic effects thanks to the Korean cultural wave from 2017 to 2021.