The Chemical Division of Hanwha Solutions plans to establish an artificial intelligence (AI) experiment environment in virtual space to expedite material and technology development.It intends to combine digital transformation (DT) with research and development systems to use AI in accumulating and a
The Expanded Reality (XR) Alliance, a 5G content alliance forged with LG Uplus at the center, has attracted powerful new partners.LG Uplus announced on March 10 that Verizon, the biggest mobile carrier in the United States, has joined the alliance, together with France's No. 1 mobile carrier Ora
The author is an analyst of NH Investment & Securities. He can be reached at jaemin.ahn@nhqv.com. -- Ed. NAVER’s subsidiary LINE and Softbank’s subsidiary Z Holdings finally merged to form New Z Holdings. NAVER holds a 50% stake in A Holdings, the parent company of Z Holdings, which should further e
Hanwha Systems announced on Feb. 24 that it participated in the launching ceremony of the Carbon Materials Convergence Industry Alliance held during the opening ceremony of the Korea Carbon Industry Promotion Agency.At the launching ceremony, 11 companies, including Hanwha Systems, Hanwha Solutions,
Online shopping mall Timon has attracted 305 billion won from investors, gaining momentum in its plan to have an IPO in the second half of 2021.Following Coupang's planned listing on the New York Stock Exchange (NYSE), Timon is expected to step up preparations for listing on the KOSDAQ. Competit
Global investment firm The Carlyle Group Inc. announced on Feb. 18 that the firm has agreed to invest US$200 million in Kakao Mobility, the largest Mobility-as-a-Service (MaaS) platform in South Korea. Equity for this transaction will come from Carlyle Asia Partners V.Launched in 2015 as a business
SK Telecom announced on Feb. 17 that the NGMN Alliance, a standardization organization launched by global telecom operators including the three Korean mobile service providers, has published a white paper on next-generation 5G standards.The 5G Option 4 White Paper suggests standards for 5G services
The author is an analyst of KB Securities. He can be reached at jeff.kim@kbfg.com. -- Ed. Raise target price to KRW220,000 given growth potential of EV parts We maintain BUY on LGE and raise our 12m TP by 10% to KRW220,000 (27% upside). Our TP change is based on upward revisions to 2021E/2022E NP (a
The author is an analyst of NH Investment & Securities. He can be reached at soohong.cho@nhqv.com. -- Ed. We expect share prices for HMG affiliates to continue uptrending over the long term on the back of: 1) attractive valuations; 2) earnings expansion on favorable new car effects; and 3) bolstered
The Economic Promotion and Safety Control of Hydrogen Act became effective on Feb. 5. The South Korean government is planning to accelerate the development of the hydrogen industry based on the first law of its kind in the world.The government released its roadmap to that end two years ago. Under th
With China-led global value chains collapsing in the wake of COVID-19, the global enterprises’ rush out of China is predicted to accelerate under the Joe Biden administration. Google, Microsoft, Foxconn and so on already initiated the relocationThe new U.S. president mentioned the restoration of all
Incheon City, the third-largest in South Korea, is emerging as a global city. The following is Business Korea’s recent interview with Incheon Mayor Park Nam-chun, who became the seventh mayor in July 2018 in the city where he was born. – Ed. COVID-19 is still ongoing. How is the city dealing with th
SM Line announced on Jan. 25 that it is preparing for an initial public offering (IPO) in the second half of the year. The shipping company has recently selected NH Investment & Securities as the lead manager.The company said it will invest the funds raised through the IPO in ships and container equ
LG Energy Solution is expected to build a battery manufacturing plant together with Renault, whose ZOE is increasing its popularity in the global electric vehicle market.From January to November last year, Renault sold 84,128 ZOEs worldwide and the model took the third place behind the Tesla Model 3
Those in the automotive industry have become restless as the possibility of collaboration between Hyundai Motor Group and Apple has surfaced. This is because many of them expect or are concerned that the two companies will quickly become overwhelming powerhouses in the electric vehicle market.On Jan
The author is an analyst of NH Investment & Securities. He can be reached at j.ko@nhqv.com. -- Ed. The rules of the game appear to be changing. As LG Electronics is beefing up its VS business in order to spur growth momentum, its future earnings growth is set to outpace the sector average. With LGE’
The South China Morning Post reported on Dec. 29 that the European Union and China are likely to sign an investment treaty within this week after the negotiations started in 2014 and European companies will gain unprecedented access to the Chinese market once the treaty is concluded.The treaty is to
The author is an analyst of NH Investment & Securities. He can be reached at hwdoh@nhqv.com. -- Ed. The media is reporting that Microsoft is developing its own processor. The ongoing trend towards major IT players developing their own chips is to be negative for Intel and AMD, but positive for TSMC,
The author is an analyst of Shinhan Investment Corp. He can be reached at eoyeon.hwang@shinhan.com. -- Ed. Sejin Heavy Industries plans a backdoor listing of its subsidiary Ilseung, which it acquired for KRW10bn (book value of KRW9.7bn) in October 2017, via a merger with Mirae Asset Daewoo Special P
SKC and SK PIC Global, a SKC affiliate which invests in chemical projects, will work with Ulsan City to promote an eco-friendly chemical recycling project in Korea. Ultimately, they aim to make plastic raw materials with pyrolysis oil made from plastic waste.SKC signed a memorandum of understanding