Following a ban on overseas transfers of rare earth permanent magnet manufacturing technology at the end of 2022, China has decided to control the export of gallium and germanium emerging as next-generation semiconductor materials, starting from August. The Russian-Ukrainian war, which has been goin
Domestic TV manufacturers such as Samsung Electronics and LG Electronics have been holding a dominant position in the global market but are now showing signs of unease. This is because Chinese companies like TCL and Hisense have been aggressively competing with lower-priced offerings, rapidly erodin
LG Chem is accelerating the development of its gout treatment, Tigulixostat. After the United States, the company has submitted a plan for phase 3 clinical trials in Europe.According to the electronic disclosure system of the Financial Supervisory Service on Aug. 21, LG Chem has applied for the glob
The author is an analyst for NH Investment & Securities. He can be reached at kyuha.lee@nhqv.com -- Ed.Reflecting slower-than-expected downstream demand and a dampening in global peer valuations, we lower our earnings forecasts and TP for LGE. But, with the IT giant’s shares trading near the bottom
Growing demand for batteries is fueling competition for key minerals. In the meantime, countries and companies leading electrification are divided over whether to utilize deep-sea resources. China, which asserts that the deep sea can be an efficient source of minerals, is faced with opposition from
Samsung, along with SK, Hyundai, and LG, the four major conglomerates, are set to rejoin The Federation of Korean Industries after a hiatus of 6 years and 8 months.According to industry sources on Aug. 20, Samsung, after taking into consideration the recommendation for a “conditional rejoining” from
The key focus of the economic collaboration announced at Camp David between South Korea, the U.S., and Japan is the mitigation of “China Risk.” This cooperative effort is aimed at countering China’s growing influence in high-tech industries by jointly tackling supply chain disruptions and technologi
Midsize domestic automakers gearing up for electric vehicle production in South Korea are actively seeking partnerships with overseas battery suppliers from countries like China and Japan. This move comes as South Korean battery manufacturers, including the top three, are increasing their overseas i
LG Magna e-Powertrain, an electric vehicle parts joint venture between Korea’s LG Electronics and Canada’s Magnet International, is continuing to invest heavily in overseas factories in China and Mexico.LG Magna recently decided to invest 40.7 billion won (US$30.5 million) in its Nanjing production
China-based CATL, the world’s leading electric vehicle battery company, has unveiled a lithium iron phosphate (LFP) battery that can cover up to 400 km on a 10-minute charge. With the increasing adoption of LFP batteries in the global electric vehicle market, the news has caught the attention of Sou
The U.S. International Trade Commission (ITC) has conceded a defeat in the five-year-long washing machine war between the United States and Korea, but Korean companies are complaining that a more complicated situation is facing them. Samsung Electronics and LG Electronics have been able to increase
The Korean Ministry of Science and ICT will enter the global market for open radio access network (ORAN) services in earnest with the public-private partnership front and center.On Aug. 16, the ministry announced the direction of its ORAN policies and will hold a proclamation ceremony for the ORAN I
Silicon, a material for anode materials, is emerging as a “game changer” that will significantly increase driving ranges on a single charge or shorten charging time.According to the secondary battery material industry on Aug. 16, leading Korean companies such as SK, LG, and POSCO have begun preempti
Despite a sharp decline in operating profits, the top 50 companies in the stock market (KOSPI) have increased their workforce by more than 13,000 employees.According to the semi-annual reports released on Aug. 16, the combined operating profit of the top 50 companies in the KOSPI index, excluding fi
SK on, a battery-focused subsidiary of SK innovation, is planning to invest 1.5 trillion won (US$1.12 billion) by 2025 to construct its third battery factory in Seosan, South Chungcheong Province, which is a key production hub in South Korea. This marks the company’s return to domestic investments a
In the first half of this year, the combined research and development (R&D) investments of Korea’s leading battery manufacturers, LG Energy Solution, Samsung SDI, and SK innovation, surpassed 1 trillion won for the first time on a half-year basis.According to industry sources on Aug. 16, the R&D inv
Samsung SDI is set to construct a lithium iron phosphate (LFP) battery production line at its Ulsan factory, marking the first of its kind in South Korea.According to industry and government sources on Aug. 16, Samsung SDI is in discussions with the Ulsan city officials about building a next-generat
HUGEL is speeding up its venture into the European market, securing permissions for its hyaluronic acid (HA) fillers in countries like Denmark and Hungary. Having already launched HA fillers in Germany, the U.K., and Spain, Hugel aims to increase its market share by expanding into more countries.Acc
Last year, three out of every ten LG Electronics employees in their 20s voluntarily resigned. As a result, there is an increase in new hires among those in their 20s.According to LG Electronics’ Sustainability Report on Aug. 13, the company had a total of 72,652 employees worldwide last year. The nu
The market for Micro Light Emitting Diode (microLED) panels, emerging as a next-generation display, is a domain where the domestic display industry, which is even being chased by Chinese companies in the OLED sector, can showcase a dominant market share in the future based on their advanced technolo