CEO Lisa Su of AMD, a U.S. fabless semiconductor company, has hinted at finding alternatives beyond TSMC, the world’s leading foundry. With TSMC holding a 60% market share, struggling to meet demand due to recent production capacity issues, all eyes are on whether Samsung Electronics, the only compe
Samsung SDI and Stellantis, a global automaker, are investing approximately US$3.2 billion (4 trillion won) to build a second electric vehicle battery plant in the United States. This move, following the establishment of their joint venture just over a year ago, has been evaluated as a step towards
The author is an analyst for NH Investment & Securities. He can be reached at dongyang.kim@nhqv.com -- Ed.Following its merger with POSCO Energy, synergies are expected at POSCO International on the full-fledged start of investment in its energy business. POSCO International plans to strengthen its
The author is an analyst for NH Investment & Securities. He can be reached at kyuha.lee@nhqv.com -- Ed.The pace of PI AMC’s margin improvement is likely to prove slower than expected on sluggish downstream demand and low utilization. Given such, we trim down our earnings estimates and TP. But, antic
Lithium-ion batteries will dominate the battery market by 2030, forecast SNE Research, a market research firm specializing in energy, amid a growing market interest in electric vehicle batteries.SNE Research predicted on July 24 that the supply of lithium-ion batteries for electric vehicles will inc
Korean Minister of Land, Infrastructure, and Transport Won Hee-ryong met with Saudi Arabia’s Neom Company CEO Nadmi Al-Nasr for the second time, following a meeting in Saudi Arabia in November 2022, in an effort to help major Korean companies win large construction orders for Neom City.According to
One Team Korea will dispatch a reconstruction cooperation delegation to Ukraine by the end of August.According to the Korean Ministry of Land, Infrastructure, and Transport (MOLIT) on July 24, the Korean government recently assembled a reconstruction cooperation team with government officials and th
Recently, the glass door of a washer produced by LG Electronics that was purchased only a month previous suddenly exploded into pieces. Since 2022, there have been a series of accidents involving the breakage of tempered glass attached to washing machines, raising concerns among consumers.According
Shortly after its recent launch, Kia’s EV9 electric SUV was found to lose power while running. The power loss has been blamed on software, according to industry sources on July 24.Integrated charging control units (ICCUs) are usually blamed for power loss issues in EVs. Kia has been confident of its
The author is an analyst for NH Investment & Securities. He can be reached at sw.kang@nhqv.com -- Ed.We expect a 25bp base rate hike at the July FOMC meeting. June inflation data is eroding the option a back-to-back hike to follow in September. The remaining options are: 1) making a July uptick the
The food and beverage industry in South Korea is witnessing the tremendous influence of K-pop girl groups, gaining immense popularity globally.According to industry sources on July 24, the girl group NewJeans holds a truly exceptional impact among various distinguished girl groups in the country. Se
Since its statistical tracking began in June 2012, foreign currency deposits in Japanese yen have seen their most significant upswing. This surge is attributed to the “YenTech” boom, where investors seek to gain exchange rate profits as the value of the yen rises.According to “Foreign Currency Depos
Korean fabless “unicorn” firm FADU is gearing up for a leap from a specialized solid-state drive (SSD) controller design firm to a comprehensive global semiconductor company, leveraging its forthcoming IPO as a stepping stone.During an IPO briefing session at 63 Square in Yeouido, Seoul, on July 24,
During the second quarter of this year from April to June, POSCO International achieved its most significant quarterly performance since its establishment. The energy business, including the Myanmar gas project, played a pivotal role in creating 58 percent of the company’s operating profit.POSCO Int
During the 151st edition of The Open, held in Liverpool, England, from July 20 to 23, Doosan actively engaged in promotional efforts to support the campaign for hosting the Busan World Expo, referred to as Busan Expo, in the area.As an official sponsor of The Open, Doosan effectively conveyed the me
HK inno.N Corp. announced on July 24 that its new drug for gastroesophageal reflux disease, K-CAB (active ingredient: Tegoprazan), has been granted product approval by Peru's National Medicines Authority (DIGEMID) on July 21.In 2018, the company inked a contract with “Laboratorios Carnot,” a lea
Kolmar BNH has been honored as a “World-class Company” under the auspices of the Ministry of Trade, Industry, and Energy. This prestigious recognition entitles the company to receive financial support of approximately 4 billion won (US$3.12 million) over the next four years.With this achievement, Ko
The author is an analyst for Shinhan Securities. He can be reached at snowKH@shinhan.com -- Ed.Disappointing 1H, gradual rebound expected in 2HChunbo is expected to have registered operating profit of KRW2bn (-83% YoY) in 2Q23, revised down from our previous estimate of KRW6.8bn. Operating profit ca
The author is an analyst for NH Investment & Securities. He can be reached at minjae.lee@nhqv.com -- Ed.Hyundai E&C’s 2Q23 results beat both consensus and our estimates on increased sales at its housing business. In addition to likely order growth for overseas petrochemical and infrastructure projec
The author is an analyst for NH Investment & SEcurities. HE can be reached at yk.choi@nhqv.com -- Ed.Key indicators in the refining industry are strong. Refining margins and aromatics product spreads are above the historical averages. In 2H23, solid refining margins should continue amid limited room