The North Gyeongsang Province Government announced on Oct. 15 that a North Gyeongsang Province economic mission to the United States, including Governor Lee Chul-woo, visited the headquarters of Overair, an urban air mobility (UAM) company based in California, on Oct. 13 (local time).The economic de
The author is an analyst for NH Investment & Securities. He can be reached at ys.jung@nhqv.com -- Ed.With valuations of wind players likely to drop amid concerns that rising costs will curtail wind investment, we cut our TP by 24% to W76,000. But, higher US orders from major customer Vestas in 3Q23
Korea and Saudi Arabia have agreed to expand cooperation in the biotech, gaming, and automotive sectors while implementing existing economic cooperation tasks in infrastructure.The Ministry of Trade, Industry and Energy (MOTIE) announced the agreement at the Four Seasons Hotel in Seoul, during the f
Korea Hydro & Nuclear Power (KHNP) inked a consortium agreement on Oct. 12 with Romania’s nuclear agency, SNN, based in Bucharest, along with Canada’s Candu Energy and Italy’s Ansaldo Nucleare, to collaboratively undertake the equipment improvement project for Romania’s Cernavoda Unit 1.The project,
The RIGO Project officially launched its mainnet on the 4th (Korean time) and successfully created the genesis block (the first record registered on the blockchain), as announced through its official account.The RIGO Project explained, "After releasing the testnet in August and continuing to update,
Semiconductor equipment companies are accelerating their research and development (R&D) efforts in tandem with the commercialization of equipment for High Bandwidth Memory (HBM) processes, which is a next-generation memory semiconductor.According to industry sources on Oct. 11, Hanmi Semiconductor r
Korea’s current account surplus reached US$4.81 billion in August, marking the fourth consecutive month of surplus. Although the goods balance posted the highest surplus in a year and five months, the surplus remained a recessionary one as imports fell more than exports. The Bank of Korea (BOK) fore
The author is an analyst for NH Investment & Securities. He can be reached at jaemin.ahn@nhqv.com -- Ed.Although initial results for Lies of P were disappointing, sales volume seems steady. Attention should also be paid to new titles coming out in 2024. Recently, the share price has fallen excessive
Following LG Energy Solution’s recent massive electric vehicle battery supply contract with Toyota, the world’s top-selling automaker, LG Chem has also sealed a deal with Toyota to supply cathode materials, an essential component for secondary batteries.On Oct. 6, LG Chem announced that it had enter
The Fair Trade Commission (FTC) has imposed a fine of 3 billion won (US$2.23 million) and issued a payment order against China State Construction Engineering Corporation Limited (CSCECL), a Chinese state-owned construction company, for its failure to provide written subcontract agreements and withho
The author is an analyst for NH Investment & Securities. She can be reached at yd.yoon@nhqv.com -- Ed.We draw attention to NHN KCP’s ongoing top-line growth in defiance of difficult conditions. Despite slow growth in online payment volume, the firm’s ability to secure merchants stands out. The final
Apple Pay, which made its entrance in South Korea in partnership with Hyundai Card, is set to face scrutiny at the National Audit. The National Assembly is expected to delve into issues such as the reportedly higher fees compared to Samsung Pay during this audit.According to financial sources on Oct
As the sole operator of nuclear power plants in the country, Korea Hydro & Nuclear Power (KHNP) has turned its attention towards revitalizing nuclear small and medium-sized enterprises which have been struggling with a shortage of projects. The initiative begins with the Shin Hanul Nuclear Power Pla
Samsung Electronics, which has begun substantial cutbacks in its NAND flash division in the latter half of this year, is reportedly planning a double-digit price increase as early as this month. All eyes are on how the pricing move by Samsung, a dominant player in the market, will affect other compe
The Ministry of Employment and Labor (MOEL) announced on Oct. 4 that “simultaneous supervision” will be implemented at all construction sites nationwide by Lotte Engineering & Construction.The implementation of this simultaneous supervision comes in response to a fatal accident that occurred at Lott
CJ Olive Young, which faces allegations of forcing suppliers into exclusive product deliveries by the Fair Trade Commission (FTC), may be subject to fines exceeding 500 billion won according to recent media reports.On Oct. 4, a domestic news outlet reported that the FTC, which has been investigating
Celltrion announced on Oct. 4 that it had obtained additional approval from the U.S. Food and Drug Administration (FDA) for 80mg/0.8mL and 20mg/0.2mL (hereinafter referred to as 80mg and 20mg) dosages of its Humira (active ingredient: adalimumab) biosimilar, Yuflyma (development code: CT-P17), on Se
As the global energy market is rapidly changing, South Korea, the world’s third-largest importer of liquefied natural gas (LNG) after Japan and China, is also closely monitoring the situation.According to the Korea Customs Service on Sept. 3, South Korea’s cumulative LNG import volume and import val
HD Hyundai Heavy Industries (HHI) is expected to be the first company to win a second batch of liquefied natural gas (LNG) carrier orders for its LNG project from Qatar Energy, the state-run energy company of Qatar, beating out Chinese shipbuilders. The contract alone is worth US$3.9 billion for 17
Korea Gas Corp. (KOGAS) lost nearly US$200 billion over four years due to defects in Korean-type tanks for liquefied natural gas (LNG) carriers it had developed with Korean shipbuilders. This is because Korean shipbuilders developed a tank for LNG carriers but a quality issue has prevented them from