The author is an analyst for NH Investment & Securities. He can be reached at kyeongkeun.kang@nhqv.com -- Ed.MICube Solution is a provider of smart factory total solutions that maximize facility operation efficiency and implement automation by collecting and analyzing real-time information regarding
According to industry sources on July 20, one of the most significant issues recently faced by Korean companies entering the Vietnamese market is power shortages. Concerns have been raised that chronic power supply problems, leading to frequent power outages, could hamper production.The power situat
On July 3, it was first reported that a total of 34 reports were received at the Ministry of Land, Infrastructure, and Transport’s Automobile Recall Center regarding “power loss while driving” from four electric vehicles produced by Hyundai and Kia, including the Kia EV6, Genesis GV60 and GV70, and
At Nano Tech Day 2023 held on July 20 at Community House Masil in Seoul, a team from the Hyundai-Kia Basic Materials Research Center unwrapped a transparent solar cell that can lower reliance on electric vehicle batteries and eventually enable battery-free driving.The transparent solar cell was one
As the battery technology development cycle gets shorter and shorter, China heats up the race to secure patents, ratcheting up tension in the battery industry.China’s CATL, the world’s No. 1 battery maker by market share, recently registered a patent on a battery technology in just 39 days according
The smartphone usage rate among Koreans has reached 97 percent according to a recent survey.Korea Gallup announced on July 18 that it asked 1,001 people aged 18 or older nationwide whether they used a smartphone from July 11-13. Ninety-seven percent said they did.According to the poll, 69 percent of
Hyundai Motor will not participate in the international motor show IAA Mobility to be held in Munich, Germany this September. It will mark the first time in 20 years that Hyundai has not participated in the event, which is better known as the Frankfurt Motor Show, one of the world’s four major auto
Between 2013 and 2015, during China’s economic boom, the business outlook in China was rosy for South Korean corporations. Exports to China increased, leading to an upsurge in investment. However, companies overly dependent on China have encountered significant difficulties barely a decade later.Ind
Much attention is being paid to if Samsung Electronics, which recently stopped ordering from China’s No. 1 display maker BOE, will expand the amount of liquid crystal displays (LCDs) that it buys from LG Display in the future. Samsung has been buying LCD TV panels from LG Display since 2017.Accordin
In the first half of this year, Korea’s automobile exports surged 46.6 percent year on year to US$35.7 billion, a record high. Including auto parts, the figure reached US$47.3 billion.According to the Ministry of Trade, Industry and Energy (MOTIE) on July 17, Korean automakers exported more than 241
South Korea’s share of China’s total imports descended to the low 6 percent range.According to data from the Chinese government, South Korea’s exports to China in the first half of this year totaled US$77 billion, down 24.9 percent from the same period of 2022.During the same period, China’s total i
INMEDIC, a youth-led startup that promotes social inclusion of foreigners through increased access to local medical services, represented the Republic of Korea at the Regional Youth Co:Lab Summit 2023, jointly organized by Citi Foundation and the United Nations Development Programme (UNDP) in Bangko
The Korean ICT industry, which is the core of Korea’s export engine, seems to have rebounded from its decline after bottoming out in April. System semiconductor exports are also showing signs of recovery, mainly those to Europe and Japan.According to the Ministry of Trade, Industry and Energy on Jul
MediaTek, the global leader in the mobile application processor (AP) industry, is accelerating its market share expansion with the launch of its new chipset.According to industry sources on July 13, MediaTek, Taiwan’s largest fabless semiconductor design firm, recently unveiled its new mobile AP pro
Samsung Electronics announced on July 13 that it has begun mass production of an in-vehicle infotainment (IVI) Universal Flash Storage (UFS) 3.1 memory solution boasting the industry’s lowest power consumption.The new product improves power consumption by about 33% compared to the previous generatio
“Huawei is willing to share cutting-edge innovations in the form of patents with the world,” said the company’s Chief Legal Officer, Song Liuping, who added, “These will support the common, sustainable development of industries globally.”His remarks were made at Huawei’s annual flagship event on inn
The author is an analyst at Shinhan Securities. He can be reached at sokang@shinhan.com -- Ed.2Q23 preview: Solid performance of Black Desert, cost increasesPearlAbyss is expected to have recorded sales of KRW85.2bn (-9.4% YoY, -0.6% QoQ) and operating loss of KRW11.5bn (continued loss YoY, negative
SK telecom announced that they have developed a technology to expand the wavelength needed for high-speed transmission in “fronthaul,” often dubbed the “capillaries of mobile communication.”Fronthaul is a wired network that connects the central devices and dispersed wireless devices of a 5th generat
Recently, Samsung Electronics has improved its process yield (the ratio of good products) to over 75% for its 4-nm process, leading to speculation that it could expand its major clients for semiconductor foundry (contract manufacturing).On July 11, Park Sang-wook, a researcher at Hi Investment & Sec
As Spain has emerged as a new electric vehicle powerhouse in Europe, Korean battery companies are also eyeing the country with more interest than ever.The share of Spain in electric vehicle production in Europe expanded from 0.6 percent in 2019 to 12 percent in 2022, according to KOTRA on July 10. F