Canada is actively taking steps to build a Korean battery value chain. The nation is trying to get attention from Korean battery makers by promising federal and state incentives for them. The United States and the European Union (EU) which share a customs union with Canada, announced trade policies
Samsung Electronics introduced Exynos Connect, a new wireless communication semiconductor brand, to cater to the rapidly growing ultra-wideband (UWB) market.Samsung Electronics unveiled the Exynos Connect U100, a UWB-based short-range wireless communication semiconductor on March 21.The product has
More than 500 people from the global information technology (IT), consumer electronics and platform industries are participating in the Connectivity Standards Alliance (CSA) that will run for four days from March 20. Participants include mobile and home appliance companies such as Samsung Electronic
South Korean manufacturers are reducing their outputs for inventory management purposes.For example, last year, the capacity utilization of the home appliance and air solution division of LG Electronics was 103.6 in refrigerators, 84.3 percent in washing machines and 96.2 percent in air conditioners
LG Electronics, focusing on targeting high value-added home appliances and TV markets, has surpassed 30 trillion won (US$23 billion) in sales for the first time in North America and Europe, which are the representative premium markets. Its aggressive sales strategy for high-performance products has
Samsung Electronics and LG Electronics announced on March 19 that they will participate in the Smart Home Standards Member Meeting of the Connectivity Standard Alliance (CSA), a smart home global standard alliance to happen at the Conrad Hotel in Seoul for four days from March 20.This event is a pla
The author is an analyist of NH Investment & Securities. He can be reached at jooyh@nhqv.com -- Ed.We raise our TP on Nongshim to W430,000. The firm’s sales growth is looking sound both at home and overseas, and its cost burden should ease towards 2H23.Raise TP to KRW430,000We raise our TP on Nongsh
Samsung Electronics laid out a plan to build a semiconductor cluster in the town of Namsa in Yongin, South Korea, on March 15. The announcement of the plan shows the Korean tech giant’s objective of not losing its leadership in a global semiconductor hegemony war. It is also meaningful in that the c
The author is an analyst of NH Investment & Securities. He can be reached at kyuha.lee@nhqv.com. -- Ed.With IT demand improving faster than expected, a full-fledged industry recovery is likely from 2H23, with IT companies to benefit overall from expansion into new industries such as automotive elect
The renowned Middle East and Africa (MEA) tech event, LG Showcase 2023, has finally returned to the region after a four-year hiatus. The two-day event was held at Al Habtoor City in Dubai and successfully showcased every new LG product being launched in the region this year to an all-time-high crowd
LG U+ announced on March 14 that it will provide foreign language chatting services for foreign customers.The foreign language chatting customers service offers four languages -- English, Russian, Chinese, and Vietnamese. It also utilizes Google Assistant-based automatic translation for other langua
At Mobile World Congress (MWC) Barcelona 2023, Huawei took home multiple GTI Awards.Huawei's Green Target Network program scooped the GTI Innovative Breakthrough in Mobile Technology Award and Outstanding Award, while its 5G Smart Ocean project won the GTI Market Development Award for its outsta
The author is an analyst of NH Investment & Securities. He can be reached at minjae.lee@nhqv.com. -- Ed.In February, pre-sales performance differed widely by construction project. While competition heated up for projects sitting in preferred locations with attractive prices, other projects were sign
SK Networks has made a major investment in an artificial intelligence (AI) startup in the United States. The investment was led by Choi Sung-hwan, president of SK Networks’ business division, who led a global investment briefing session last month.SK Networks announced on March 9 that it had investe
Hyundai Mobis’ new airbag design received a perfect score in a collision test.According to Hyundai Mobis on March 9, an anti-brain injury airbag developed with its own proprietary technology obtained a perfect score in the brain injury criterion (BRIC) category in a new crash safety test conducted b
The Incheon Free Economic Zone (IFEZ) Authority announced on March 6 that IFEZ Brochure, a comprehensive promotional booklet for the IFEZ, recently won the Bronze Prize at the Mercury Excellence Awards evaluated as one of the world’s top three promotional material contests.Celebrating its 36th anniv
U.S. Secretary of Transportation Pete Buttigieg toured the construction site of BlueOval SK’s Kentucky plant in Glendale, Kentucky of the United States on March 3 (local time) and had a meeting with employees at the site.The ceremony was attended by SK On and Ford officials including Lee Jong-han, C
LG Electronics unveiled the concept of LG Smart Cottage (tentative name), a small modular house that can be used as a second house, on March 2. The company explains that it has introduced a new residential space that combines space, home appliances, and services in consideration of the spread of wor
Korea Water Resources Corporation (K-Water) donated KRW 100 million to the Korean Red Cross for the restoration of earthquake-stricken areas in Turkey and Syria and the support of victims.This money was raised by collecting voluntary donations from K-Water, employees of K-Water and the Water Love Sh
Officials of Saudi Arabia’s three government agencies in charge of AI and data-related policies visited Naver’s second office building 1784, the world’s first robot-friendly building, on Feb. 27. Exchanges between the two sides have steadily continued since a visit to Naver by Majed Al-Hogail, minis