Elements Europe, a subsidiary of GS E&C, has completed its contract for the UK’s largest modular rental housing project.Elements Europe announced on July 26 that it won the Camp Hill project, which constructs rental housing and commercial facilities using a steel module method in Birmingham, U.K. Th
The market capitalizations of the 10 largest Korean conglomerates have reached 40 trillion won in a month and a half, according to securities information firm FnGuide.According to FnGuide on July 25, market caps swelled by 3.05 percent to 1,341.2603 trillion won (US$1.0533658 trillion) as of the clo
The life expectancy of South Koreans was 83.6 years, the second longest among member nations of the Organization for Economic Cooperation and Development (OECD). Life expectancy is the number of years a child born in a given year is expected to live. On the other hand, the nation had the highest sui
SK Inc. announced that its board of directors (BOD) held a meeting on July 26, in which the board declared to distribute an interim dividend of KRW 1,500 per share, matching last year’s payout. The total interim dividend payout amounts to approximately KRW 83.6 billion. SK Inc. has been distributing
China is in hot pursuit of Korea in the global organic light-emitting diode (OLED) display market. While Korea is still far ahead of China in terms of market share, China has caught up with Korea in terms of production capacity by 10-plus percentage points.China’s OLED display production capacity is
Twelve executives, including the CEO of Saudi Arabia’s Neom, visited Seoul on the occasion of the Neom City exhibition, the first of its kind in Asia.Holding a media conference on July 25, the day before the opening of the Neom exhibition at Dongdaemun Design Plaza (DDP) in Seoul, the executives emp
The author is an analyst for NH Investment & Securities. He can be reached at minwoo.ju@nhqv.com -- Ed.While we raise our TP to W560,000 on a change in valuation method, we downgrade our rating to Hold considering restricted upside potential.Valuation method changed to reflect rise in mid/long-term
In a bid to enhance financial stability, commercial banks will now have to adopt a revised Probability of Default (PD) model that takes into account “extraordinary crisis situations” like the International Monetary Fund (IMF) crisis or global financial downturns when provisioning their loan loss res
Korean companies are found to be lagging behind major countries when it comes to increasing research and development (R&D) investments and R&D spending is highly concentrated among the top companies in Korea, according to a survey.According to the results of the analysis by the Federation of Korean
POSCO International announced that it has signed a production distribution contract with the Indonesian government and its state-run oil firm Pertamina Hulu Energi (PHE) in a move to secure the share of oil produced from the Bunga Gas Block. The signing event was held at Tangerang, Indonesia, on Jul
Foreign investors showed a substantial net sell-off of approximately 1.35 trillion won (US$1.06 billion) in the equity market. Despite the foreign selling pressure, the market experienced a slight uptick, primarily driven by robust net buying from individual investors.According to Korea Exchange on
Hyundai Motor Group Chairman Chung Eui-sun has initiated efforts to secure groundbreaking technology in the battery sector. Collaborating with prominent scholars and experts in the domestic battery sector, the company aims to bolster research in next-generation batteries with a particular emphasis o
On July 25, Korean Air announced that the 8 billion ruble (US$89 million) fine imposed by Russian customs last year has been reduced by roughly half through an initial ruling in the local court. Despite the reduction, the airline expressed its intention to appeal the decision.According to sources in
In the U.S., the world's largest electric vehicle market, Hyundai and Kia have successfully made it into the top 10 manufacturers by sales volume for the first half of this year (January-June), but they face intense competition from traditional German powerhouses, namely BMW, Mercedes-Benz, and
As the German government enters subsidy negotiations with Taiwan Semiconductor Manufacturing Company (TSMC), the world’s largest foundry, American foundry company GlobalFoundries has openly criticized these subsidies, stirring controversy both within and without Germany.On July 24 (local time), Thom
LG Energy Solution has successfully secured a large amount of cobalt sulfate, a key ingredient for electric vehicle batteries, in Canada.Electra Battery Materials, a Canadian mining company, announced on July 24, local time, that it had signed a long-term supply agreement for cobalt sulfate with LG
LG Electronics is releasing washing machines and dryers that can install and uninstall apps just like a smartphone. The company, which has previously focused on producing quality hardware products, plans to expand its business to include services and subscriptions that utilize these products.Ryu Jae
CJ Bioscience announced on July 25 that it has confirmed a total of 15 microbiome drug pipelines, setting the record for the highest number globally among microbiome drug development companies.In March, CJ Bioscience commenced pipeline analysis work after acquiring promising drug candidates from 4D
The JONGGA Kimchi Blast cooking competition, sponsored by Daesang Corporation’s JONGGA, co-hosted by the world-renowned culinary school Le Cordon Bleu, France’s AMA Association (Association Mes Amis), and SF Ad, Inc., has successfully concluded in France and the U.K.This year’s JONGGA Kimchi Cook Of
POSCO FUTURE M is set to expand its high-nickel NCA cathode production capacity by more than 50,000 tons.On July 24, POSCO FUTURE M’s board of directors approved a plan to invest a total of 683.4 billion won (US$535.06 million) by 2025 to construct a high-nickel NCA cathode factory in Yulchon 1st In