Huawei announced they will launch a complete set of commercial 5.5G network equipment in 2024 at the 5G Advanced Forum during MWC Shanghai 2023. Huawei's Director and President of ICT Products & Solutions Yang Chaobin who made the announcement said the company intends for this launch to mark the
The author is an analyst for Shinhan Securities. He can be reached at ym.ko@shinhan.com -- Ed.AI driving growth in demand for reflow equipment & FC-BGA developers1) Reflow equipment: After coming in at KRW12bn for 2022, STI’s reflow equipment sales are expected to jump from KRW5bn in 2023 to KRW23.6
The author is an analyst for Shinhan Securities. He can be reached at ym.ko@shinhan.com -- Ed.Micron’s earnings release raises expectations for SK Hynix’s decouplingSK Hynix is likely to have seen operating loss of KRW2.3tr (continued loss QoQ) on sales of KRW6.8tr (+34% QoQ) in 2Q23. Micron Technol
The author is an analyst for NH Investment & Securities. He can be reached at pk.park@nhqv.com -- Ed.Given the VBP policy implemented in Apr 2023, we caution against high expectations toward Dentium’s 2Q23 sales. But, with its Chinese market Q forecasted to climb by 50% in 2Q23, and with the VBP pri
The business community has called on the Korean Confederation of Trade Unions (KCTU) to “immediately halt the illegal strike,” and appealed to the government to deal firmly with the groundless strike.The Korea Enterprises Federation, the Korea Chamber of Commerce and Industry, the Federation of Kore
Hyundai Motors is equipping its luxury brand Genesis with LG Display’s Organic Light Emitting Diodes (OLED) display. As Hyundai Motor Group partners with LG Group, evaluations suggest that the “Korean Future Car Alliance” is becoming more robust.According to the automobile industry on July 3, Genesi
KG Mobility (formerly SsangYong Motor) has been selected as the final prospective buyer of Edison Motors by the Changwon District bankruptcy court.On July 3, Edison Motors announced that since a decision to commence corporate rehabilitation proceedings was made by the bankruptcy court in January, it
Competition between Samsung, LG, and Sony is intensifying over the development of Micro Organic Light Emitting Diodes (OLEDs). The relevant market is forecast to grow rapidly as Apple adopts Micro OLED for the display of its Mixed Reality (MR) headset.According to the display industry on July 3, App
On July 3, the Korea Ginseng Corporation (KGC) announced that it will change its “Cheong Kwan Jang” brand, used differently at home and abroad, to “JUNG KWAN JANG.”Through the brand renewal, the brand’s identity, logo, and product package designs will be changed, and it will be reborn as a “global h
Hyosung TNC announced on July 3 that it will present a range of environmentally friendly textiles and fabrics at “Interfilière Paris 2023,” the world's largest swimwear, lingerie, and textile material exhibition, held in Paris, France from July 2 to 4.At the exhibition, Hyosung TNC collaborated
Serious safety concerns are being raised as electric vehicles produced by Hyundai Motor and Kia suffer from a “power loss defect.” Reports of power loss or weakening during driving are also surfacing in the United States, prompting authorities to initiate an investigation.According to industry sourc
The author is an analyst for NH Investment & Securities. He can be reached at minwoo.ju@nhqv.com -- Ed.At EcoPro BM, temporarily sluggish earnings were likely unavoidable in 2Q23 due to falling ASPs and line conversion investment. However, the securing of capital for greater mid/long-term competitiv
Nine merger and acquisition (M&A) deals worth more than US$1 billion were made in the global pharmaceutical and bio industries in the first half of this year.According to the Korea Biotechnology Industry Organization (KBIO) on July 2, the global pharmaceutical and bio industries recorded nine M&A de
While Chinese people continue to be a burden on the finances of South Korea’s national health insurance, they also accounted for about 70 percent of foreign buyers of medical indemnity insurance in Korea. Moreover, they are collecting insurance benefits at a higher level than the average for all for
A system has been put in place to detect and roll back illegal drones flying around five nuclear power plants in Korea -- Kori, Saeul, Wolseong, Hanul, and Hanbit.Korea’s Nuclear Safety Commission said on July 2 that it completed the introduction of drone detection equipment for the nuclear power pl
The global container shipping market has entered a traditionally busy season, but the rebound in volume has been minimal. The sale of HMM, Korea’s largest shipping company, is also going adrift as the shipping market fell into a deep post-pandemic slump.According to industry data on July 2, the Shan
Pernod Ricard Korea, the Korean unit of the global wine and spirits company Pernod Ricard, is introducing a digital label system with a QR code in an effort to promote responsible alcohol consumption. With a pilot system application starting in July 2022 across Europe, the company is planning to int
On July 1 (local time), the U.S. Humira biosimilar market, worth 24 trillion won a year, opened. In the first week alone, six Korean and foreign companies plan to launch their products.According to sources in the biotech industry on July 2, Samsung Bioepis launched Hadlima, a Humira biosimilar, in t
Global customers have been lining up to buy Nvidia’s graphics processing units (GPUs), but tight supply has sent prices soaring. GPUs are the brains of generative artificial intelligence (AI) programs like ChatGPT. Nvidia commands more than 90 percent of the global GPU market for AI.The recent rapid
Apple has surpassed US$3 trillion in market capitalization for the first time ever. It has only been about two years and 10 months since the company first crossed the US$2 trillion mark.On June 30, the last trading day of the first half of the year, Apple closed at US$193.97 (255,000 won) on the New