LG Energy Solution announced on Oct. 26 that its order backlog climbed by 110 trillion won from 260 trillion won at the end of 2011 to 370 trillion won as of the end of September.“In 2023, we will post more meaningful results in sales and profits than this year,” said Lee Chang-sil, CFO of LG Energy
For the last two to three years, Samsung Electronics has focused on developing ultra-micro chip fabrication nodes to win competition with Taiwan's TSMC. The two global foundry giants competed neck and neck to grab the title of the world’s first to mass produce 5-nm and 3-nm chips. However, in te
SK bioscience announced on Oct 21 that it has hired Harry Kleanthous, senior program officer of the Bill & Melinda Gates Foundation, as vice president of vaccine R&D strategy and external innovation of SK bioscience USA, its U.S. subsidiary.Kleanthous has served as vice president of Acambis Inc., a
The author is an analyst of NH Investment & Securities. He can be reached at hwdoh@nhqv.com. -- Ed. The author is an analyst of NH Investment & Securities. He can be reached at hwdoh@nhqv.com. -- Ed. Despite the economic slowdown, ASML announced solid 3Q22 earnings and 4Q22 guidance. EUV equipment s
Samsung Electronics has reiterated its will to enhance the competitiveness of its foundry business through an ultra-micro fabrication process technology and aggressive investment.The company held the Samsung Foundry Forum 2022 at InterContinental COEX in Gangnam-gu, Seoul on Oct. 20. The Korean semi
SK ecoplant has entered the ultrapure water (UPW) business, which is expected to grow to 23 trillion won in 2024. UPW is highly purified water that is free from impurities like microbes, minerals, and dissolved gases.SK ecoplant signed an MOU with Hansu Technical Service (HTS) on Oct. 18 for coopera
The European Union has decided to apply tighter energy efficiency requirements to TV products starting from March 1 next year. For example, micro LED and 8K TVs must have an energy efficiency index of 0.9 or less. At present, Samsung Electronics’ and LG Electronics’ products in this category have an
As a national telecommunication disaster broke out with the shutdown of the KakaoTalk messenger service, much attention is focused on the in-house messenger programs used by major Korean business groups such as Samsung for internal communications.Major Korean business groups have been using their ow
The U.S. government put the brakes on Apple’s plan to use YMTC NAND flash chips in the iPhone. The Nikkei recently reported that Apple considered procuring 40 percent of the chips for use in the phone from the Chinese company for cost reduction and supply source diversification.The U.S. Department o
KT announced on Oct. 17 that it will take the wraps off next-generation internet solutions at Network X 2022, a global telecommunication exhibition to be held in Amsterdam, the Netherlands, from Oct. 18 to 20 (local time).KT will introduce an intelligent control-based micro optical line terminal (OL
The author is an analyst of NH Investment & Securities. He can be reached at esshim@nhqv.com. -- Ed. Founded in 2009, ViOL was listed on the Kosdaq in Nov 2020 through a merger with a SPAC. Specialized in beauty medical devices, the firm is expected to enjoy robust earnings growth going forward, tha
In the Korean semiconductor ecosystem, the presence of outsourced semiconductor assembly and test (OSAT) companies is negligible, unlike in the Unlike the United States, Taiwan, and China.Semiconductor packaging is a typical back-end process, where processed wafers are cut into chips, stacked, bundl
Global memory semiconductor companies are cutting production and investment one after another as demand is sluggish amid an economic downturn and high inflation.Micron Technology of the United States, which ranks third in the global DRAM market, has decided to reduce capital expenditure by 30 percen
Samsung Electronics showcased a series of cutting-edge semiconductor solutions at Samsung Tech Day 2022 held at Silicon Valley on Oct. 5 (local time).The company announced plans to start mass production of 5th-generation 10nm-class (1b) DRAM from next year and 9th-generation NAND flash from 2024, re
Micron Technology announced on Oct. 4 that it would invest up to US$100 billion for 20 years to come in order to build in Clay, New York the largest semiconductor plant in the history of the United States.This reshoring from Asia is to benefit from the CHIPS and Science Act and better compete in the
The authors are analysts of Shinhan Investment Corp. They can be reached at doyeon@shinhan.com and hyon@shinhan.com, respectively. – Ed. 3Q22 operating profit estimated at KRW11.3tr (-19.9% QoQ)Samsung Electronics is expected to have posted operating profit of KRW11.3tr (-19.9% QoQ) on sales of KRW7
Lotte Chilsung Beverage announced that it will launch full-scale overseas marketing activities for Soonhari with the endorsement of K-pop artist Jennie, a member of Blackpink.Under the campaign slogan of “Be Happy Soon, Soonhari,” the company implemented a minimal and simple design renewal of the bo
The authors are analysts of Shinhan Investment Corp. They can be reached at sokang@shinhan.com and kimaram@shinhan.com, respectively. -- Ed. 3Q22 preview: Deregulation of web board games and upturn in sales of existing gamesNeowiz is expected to earn operating profit of KRW8.2bn (positive swing YoY,
Samsung Electronics has unveiled its plans to introduce the 2-nm foundry process in 2025 and 1.4-nm process in 2027.The company announced a strengthened business strategy for its foundry business at the annual Samsung Foundry Forum event held in San Jose, California, on Oct. 3 (local time).Samsung h
The authors are analysts of Shinhan Investment Corp. They can be reached at ym.ko@shinhan.com and doyeon@shinhan.com, respectively. -- Ed. 3Q22 preview: Clients' infrastructure projects on trackWe now expect STI to post operating profit of KRW13.6bn (+11% YoY) on sales of KRW120.7bn (+47% YoY) f