The author is an analyst for NH Investment & Securities. He can be reached at pk.park@nhqv.com -- Ed.Hanmi Pharm’s 2Q23 OP is to miss consensus due to R&D cost reflection in the quarter. Our annual R&D cost projection remains intact. Believing that concerns towards Saemaul Geumgo (bank) regarding th
Overseas construction orders for Korea-based companies hit the highest level in five years in the first half of 2023. Hyundai E&C led the way, winning a US$5 billion plant project in Saudi Arabia late last month.Overseas construction orders to Korea totaled US$17.3 billion in the first half of 2023,
Korea and China are set to compete in the battery industry in Southeast Asia with high growth potential. Korean companies are investing heavily in Indonesia, Thailand, Malaysia, and Vietnam, the four largest electric vehicle markets in Southeast Asia. China, which has been blocked from entering Nort
As Korean battery companies such as LG Energy Solution, Samsung SDI, and SK on head to the United States, they are faced with an unexpected problem –- the emergence of a local labor movement. They are pressuring Korean battery companies over wage negotiations. If the situation becomes prolonged, it
The Korean government will push for an amendment to an executive decree to allow foreign companies to receive cash support for alternative investments other than investments in the construction of new factories or the expansion of existing factories and the creation of jobs. General Motors (GM) and
SK Group has launched all-directional support for the success of Korean Arts Week in New York City where it is participating as the main sponsor.According to the SK Supex Pursuit Council on July 9, SK Group is implementing various support measures for the success of Korean Arts Week, which will be h
GS25, a Korean convenience store giant operated by GS Retail, has failed to enter the Malaysian market.According to 1conomynews, a Korean media outlet, on July 9, GS25 chose Malaysia as the third country in its overseas expansion after Vietnam and Mongolia, and announced its strategy to introduce lo
U.S. President Joe Biden has announced his intention to attend the groundbreaking ceremony for Hanwha Q CELLS’ solar module plant in Dalton, Georgia, according to a local newspaper.Biden made the announcement when he spoke about his economic policies during a visit to the Flex LTD Plant in West Colu
The following article was written by James Tosdevin, a teacher and the Senior School Global Citizenship and Sustainability Lead at Dulwich College Seoul.From one extreme weather event to another, we are constantly reminded that the climate crisis is real and that we need to act immediately. One of h
“Made in China” is making its mark in the Korean market, not only with solar power components but also in a variety of future-oriented products such as electric buses, drones, and robots.According to data submitted to Han Moo-kyung, a lawmaker of the People Power Party, by the Korea Energy Agency on
LS ELECTRIC is establishing its first North American production base in the state of Texas in the U.S. This move comes as demand for distribution systems, an essential power infrastructure for factories, is rapidly increasing. This is due to Korean companies in the semiconductor, automobile, seconda
According to the POSCO Group on July 9, non-steel sectors accounted for 58% of total sales last year, outstripping the sales of steel, which had been the group’s cash cow.POSCO Group’s non-steel business enhancement began with the acquisition of the Hombre Muerto salt lake in Argentina in 2018. Afte
Hyundai Motor Group is facing another difficulty as the United States strengthens automobile emissions regulations while Hyundai is unable to receive electric vehicle subsidies due to the Inflation Reduction Act (IRA).According to the industry on July 9, Hyundai criticized the vehicle emission regul
Chung Eui-sun, chairman of Hyundai Motor Group, took a tour of Intel’s European manufacturing process with a view to internalizing vehicle semiconductor technology.According to Hyundai Motor Group on July 9, Chairman Chung visited Intel’s Ireland Campus located in Leixlip, Kildare County, Ireland on
According to the Korea Customs Service on July 9, the export value of carbon fiber from Korea from January to May this year increased by about 50% to US$188 million (about 131.7 billion won) compared to the same period last year (US$67.48 million).Carbon fiber has a carbon content of over 90%, boast
The upcoming state visit of President Yoon Suk-yeol to Poland this week could potentially boost the negotiations for the second round of contracts for the export of Korean defense companies to Poland.According to the Presidential Office on July 9, President Yoon will embark on a tour of Europe from
The author is an analyst for NH Investment & Securities. He can be reached at jack.baek@nhqv.com -- Ed.i3system’s cooled-type infrared sensor technology has reached the highest global level. As a result, the company has booked increased orders from domestic defense industry players and achieved reco
The monopoly structure of Korea’s three telecoms companies -- SK telecom, KT and LG Uplus -- has lasted for more than 20 years. To make a change in this structure, the Korean government will lower the frequency allocation fee for a new operator and provide the new operator with support such as loans
LG Energy Solution has succeeded in securing a massive supply of lithium to reinforce its North American supply chain.On July 7, LG Energy Solution announced that it had signed a long-term purchase contract for 100,000 tons of lithium over seven years with SQM, a leading lithium producer in Chile.Th
Lotte World Tower’s SKY31 Convention center, operated by Lotte Property & Development, has been selected as a “Korea Unique Venue.”A Korea Unique Venue, selected jointly by the Ministry of Culture, Sports, and Tourism and the Korea Tourism Organization, represents a space capable of hosting meeting,