Over 650,000 electric vehicles (EVs) were sold in the United States in the first half of this year, representing an increase of over 50% compared to the same period last year. However, the market share of Korean automakers is retreating.The Korea Automobile & Mobility Industry Association (KAMA) ann
Taiwan Semiconductor Manufacturing Company (TSMC), the world’s top semiconductor foundry, has maintained its position as the global semiconductor leader throughout the fourth quarter, ahead of Samsung Electronics. Forecasts suggest TSMC’s dominance will continue, fueled by a recovery in business per
Korea Development Bank (KDB) is set to start the process of selling its controlling stake in HMM, a deal that is anticipated to be one of the largest M&A transactions in the market, possibly worth up to 5 trillion won.KDB Bank announced on July 20 that they have issued a public competitive bid for t
The Ministry of Culture, Sports and Tourism, in conjunction with the Korea Visit Committee, will hold the “Korea Summer Beauty Sale” for a month from July 20 to August 20.The Korea Summer Beauty Sale is a public-private partnership event held with the participation of the K-Tourism Cooperation Team
Yoon Jong-gyu, the Chairman of KB Financial Group, held his second meeting with Kengo Sakurada, the Chairman of SOMPO Holdings of Japan, at KB’s main office in Yeouido, Seoul, on July 19. They discussed plans to expand cooperation in various sectors including insurance, digital business, overseas op
Global brand Chevrolet starts full-fledged sales today with the official launch of ‘THE NEW TRAILBLAZER’ in Korea.Debuted in the global market in 2020, the Chevrolet Trailblazer is a model that sets the standard for a premium compact SUV with unique designs that can be selected according to consumer
The author is an analyst for Shinhan Securities. He can be reached at jaewonjeong@shinhan.com -- Ed.2Q23 preview: Earnings to come in line with market expectationsWe now expect GC Biopharma to post consolidated sales of KRW437.1bn (+3.3% YoY) and operating profit of KRW20.3bn (+55.2% YoY, operating
The author is an analyst for Shinhan Securities. He can be reached at jaewonjeong@shinhan.com -- Ed.2Q23 OP to fall short due to high YoY base in MSD vaccine sales We now expect HK inno.N to post sales of KRW207.1bn (-17.8% YoY) and operating profit of KRW11.5bn (-35.0% YoY, operating margin of 5.5%
The author is an analyst for NH Investment & Securities. He can be reached at kyeongkeun.kang@nhqv.com -- Ed.MICube Solution is a provider of smart factory total solutions that maximize facility operation efficiency and implement automation by collecting and analyzing real-time information regarding
Flitto, a leading AI language data company in South Korea, announced that Heba Farouk Mohamed Shahein, a high-ranking official from the Egyptian government, visited Flitto's headquarters on July 20th.During the visit, Flitto gave a comprehensive tour of headquarters and provided an in-depth pres
The Chevrolet Trax Crossover and Trailblazer, GM Korea’s two flagship models, ranked first and second in Korea’s passenger car exports in June thanks to a surge in demand from the North American market.According to the Korea Automotive Manufacturers Association (KAMA) on July 20, the Trax Crossover
The long-awaited process of selling HMM, considered a major player in the merger and acquisition (M&A) market with an estimated value of up to 5 trillion won (US$3.91 billion), has officially commenced.On July 20, the Industrial Bank of Korea (IBK) and the Korea Ocean Business Corporation (KOBC) iss
Singapore’s sovereign wealth fund, GIC, is teaming up with domestic institutional investors to undertake a substantial data center project. Despite challenging investment market conditions due to factors like consecutive interest rate hikes, data centers are gaining popularity as a stable and attrac
According to industry sources on July 20, one of the most significant issues recently faced by Korean companies entering the Vietnamese market is power shortages. Concerns have been raised that chronic power supply problems, leading to frequent power outages, could hamper production.The power situat
Naver announced on the 20th that Poshmark, the C2C fashion commerce platform it acquired last January, has launched “Posh Lens,” which allows users to quickly search for products with just one photo.Posh Lens can find products that match or are similar to images of clothes, shoes, and bags taken by
Korea Aerospace Industries (KAI) announced on July 19 that it has held an opening ceremony for its base office at the Minsk Air Force Base in Poland. This is the sixth overseas base office opened by KAI, following those in Turkey, the Philippines, Indonesia, Peru, and Thailand.The Poland base office
A 600 billion won investment into American logistics centers by CJ Logistics is being highlighted as a positive case of Korea-US partnership.According to CJ Logistics, Ellen Park, a New Jersey State Assemblywoman, mentioned on her Facebook page on July 17 (local time) that “CJ Logistics’ New Jersey
Hana Bank announced on July 13 (local time) that it plans to expand its global investment banking business through a partnership with Bank Gospodarstwa Krajowego (BGK), otherwise known as Polish Development Bank. The bank’s main headquarters, located in Warsaw, Poland, was the site of the announceme
SK hynix, the developer of the world’s first 12-layer HBM3 product, is targeting to double the sales of high bandwidth memory (HBM) and double data rate (DDR) 5, essential components for AI servers, next year.According to industry sources on July 20, at a recent private corporate briefing (IR) for m
On July 3, it was first reported that a total of 34 reports were received at the Ministry of Land, Infrastructure, and Transport’s Automobile Recall Center regarding “power loss while driving” from four electric vehicles produced by Hyundai and Kia, including the Kia EV6, Genesis GV60 and GV70, and