The operating profit of South Korea’s top 100 companies in the first half of this year showed a significant deterioration compared to the top 100 companies in the United States. In particular, for the two largest companies by market capitalization in both countries, Apple and Samsung Electronics, wh
The newly released Huawei Mate 60 Pro is equipped with the self-developed 5G 7 nm Kirin 9000S chip.Despite facing significant sanctions from the U.S. government since 2020, China’s Huawei is alleged to have used semiconductor chips produced by Samsung Electronics, U.S.-based Micron, and Japan-based
SKC will build the world’s largest eco-friendly biodegradable material production facility in Hai Phong City, Vietnam.SKC announced on Sept. 25 that Ecovance, an investor in the biodegradable materials business, has received an investor registration certificate (IRC) from Hai Phong City at the Hai P
The author is an analyst for Shinhan Securities. He can be reached at hyon@shinhan.com -- Ed.3Q23 operating profit to miss consensus at KRW13.2bn (-28% QoQ)Doosan Tesna is expected to post operating profit of KRW13.2bn (-27.5% QoQ) on sales of KRW90.3bn (+1.5% QoQ) for 3Q23, falling short of the mar
The author is an analyst for Shinhan Securities. He can be reached at yjjung86@shinhan.com -- Ed.Mainstay auto parts business to deliver decent resultsIn 3Q23, concerns over slowing client demand intensified with high interest rates weighing on overall auto demand, pent-up demand losing steam, and w
The finalized and announced “Semiconductor Law Guardrail” regarding China, which could potentially weaken the competitiveness of South Korean semiconductor factories established in China, has failed to incorporate key demands made by the South Korean government and businesses.While some of South Kor
Amid the so-called “Huawei Shock,” with the company launching its Mate 60 Pro smartphone equipped with a 7-nm semiconductor, the U.S. is tightening its stance on China. Observers are now keenly watching how far the repercussions of this tension between the two giants will spread.As the end of the U.
On Sept. 21, Busan Mayor Park Heong-joon and the Busan Digital Asset Exchange Establishment Promotion Committee held a press conference at Busan City Hall to announce a “Plan for Establishing the Busan Digital Asset Exchange.”The main objective is to create a fourth-generation blockchain-based excha
The author is an analyst for NH Investment & Securities. He can be reached at kyuha.lee@nhqv.com -- Ed.LGD’s 3Q23 results are likely to fall short of consensus due to a drop in sales volume amid panel approval delays from clients. However, thanks to recent client approval, we believe that 4Q23 profi
LG Electronics aims to increase the installation count of its webOS, the operating system that powers LG Smart TVs, from the current 200 million to 300 million by 2026 worldwide. In line with this, the company will invest 1 trillion won over the next five years in content and services to transition
The Kia Labor Union has pulled out the overtime refusal card. The move comes as negotiations over this year’s wages and collective agreements with the company have hit a snag.According to industry sources on Sept. 18, the Kia Union has decided to halt overtime production negotiations at three main f
Even as the Russia-Ukraine conflict continues for over a year, leading to logistical challenges, soaring raw material prices, and high interest rates affecting many businesses, Orion saw record-breaking sales driven by the rising popularity of its Choco Pie product. Increased food demand during thes
KT announced on Sept. 15 that they have proposed an AMI solution, considered one of the essential infrastructures for national reconstruction, at the Korea-Ukraine Reconstruction Cooperation Forum held in Kyiv, Ukraine, on Sept. 14 under the auspices of the Ministry of Land, Infrastructure, and Tran
The automotive industry, particularly manufacturers of finished vehicles, is closely monitoring the potential changes in vehicle taxation criteria. The primary focus of these discussions revolves around the proposal to shift towards taxing vehicles based on their market value. This shift is raising
While the U.S. protects its domestic industries through the Inflation Reduction Act (IRA) and the European Union (EU) is investigating potential market distortions caused by subsidies provided to Chinese electric vehicle (EV) companies, the South Korean government is seemingly more complacent, opera
On Sept. 14, Ryu Jung-hoon, the CEO of Doosan Robotics, said during a press conference in Yeouido’s 63 Square in Seoul, “Doosan Robotics is recognized as a top three collaborative robot company globally alongside Denmark’s Universal Robots and Japan’s Fanuc. Our sales growth rate is five times highe
Korea and the United States have released a joint declaration on strengthening research and development cooperation in artificial intelligence (AI), open clouds, and 6G, and discussing digital international norms.The Ministry of Science and ICT (MSIT) and the Personal Information Protection Commissi
The Korea Atomic Energy Research Institute (KAERI) announced on Sept. 14 that it has developed a process to mass-produce bentonite, a high-quality material used to dispose of spent nuclear fuel. “If this material is supplied domestically through a localized process, it will save the Korean economy a
SK hynix announced on September 14th that it has co-published a white paper with Intel which reveals that its DDR5 server DRAM applied to Intel’s CPUs demonstrated industry-leading performance levels. This white paper was released simultaneously on the SK hynix and Intel websites.The two companies h
Global leading tire company Hankook Tire is now supplying ‘Hankook RA08’, a radial tire for a light truck, as an Original Equipment Tire (OET) for the world’s best-selling eco-friendly vehicle company, BYD. ‘Hankook RA08’ will be used with BYD’s one-ton electric truck, the T4K.The T4K is distinguish