Dong-A ST announced on Jan. 4 that it has signed a license-in agreement with SK Biopharmaceuticals to license out its new epilepsy drug Cenobamate in 30 countries including Korea, Southeast and Southwest Asia, Russia, Australia, New Zealand, and Turkiye.Under the agreement, Dong-A ST will receive dr
The author is an analyst for Shinhan Securities. He can be reached at ldh@sinhan.com -- Ed.HD Hyundai Electric is expected to have earned sales of KRW844bn (+24% YoY) and operating profit of KRW100.9bn (+97% YoY) in 4Q23, beating consensus estimates by 6% and 14%, respectively. Operating margin like
The author is an analyst for NH Investment & Securities. She can be reached at eunsang.lee@nhqv.com -- Ed.The Seoul office market should remain brisk in 2024. Despite its status as Korea’s largest office REIT player, Shinhan Alpha REIT is showing a 2024E P/NAV of only 0.6x. But, we believe that the
비지니스코리아 Michael Herh (pr@businesskorea.co.kr)HD HHI and Hanwha Ocean have mapped out plans to reduce the proportion of merchant ship orders this year and focus on the naval vessel business in 2024.On Jan. 3, HD HHI set a US$988 million order target for its specialty ship (naval vessel) business, whi
Semiconductor stocks including those of Samsung Electronics and SK hynix fell altogether.On the KOSPI and KOSDAQ stock market on Jan. 3, stocks of semiconductor giants and even companies producing materials, components, and equipment for chipmakers fell due to an anti-China export control issue invo
Key Foundry, an 8-inch pure-play foundry semiconductor company acquired by SK hynix, announced on Dec. 3 that it has changed its name to SK keyfoundry.The updated company name has been in use since Jan. 1, following a recent shareholder meeting approval. SK keyfoundry also completed domestic and int
Medytox announced on Dec. 3 that it has established a local subsidiary in the United States named Luvantas. Luvantas, wholly owned by Medytox, is based in Irvine, California, and will be responsible for the local sales and marketing in the United States and Canada of the non-animal liquid toxin form
SK hynix announced today that it will showcase the technology for ultra-high performance memory products, the core of future AI infrastructure, at CES 2024, the most influential tech event in the world taking place from January 9 through 12 in Las Vegas.SK hynix said that it will highlight its futur
In 2024, Korean shipbuilders are likely to benefit from an increase in tanker orders because of increased distances for crude oil transportation due to the prolonged war in Ukraine, rising unrest in the Red Sea region, the gateway to the Suez Canal, and a shortage of shipbuilding slots with Chinese
As electric vehicles (EVs) loaded with Chinese batteries have finally been scratched off the list of EVs that can receive tax credits in accordance with the U.S. Inflation Reduction Act (IRA), voices are growing that the Korean battery industry may enjoy reflective benefits from it. However, a large
Korea Aerospace Industries (KAI) announced on Jan. 2, 2024, that it has completed the delivery of 12 FA-50GF aircraft to Poland just 15 months after signing the export contract.KAI stated, “After signing a contract in September 2022 for the export of 48 FA-50 jets to Poland, the first and second FA-
The author is an analyst for NH Investment & Securities. He can be reached at sw.kang@nhqv.com -- Ed.We attribute the strong yield drop of 4Q23 to a reversal of the sharp r* increase fears of 3Q23, rather than bets on economic downturn. Of note, the Fed’s actual r* estimate was halved in 4Q23. For t
Korean construction companies have reportedly decided not to participate in resuming the construction of the world’s tallest building in Jeddah, a resort city near the Red Sea. It has already been seven years since construction was halted due to local conditions in Saudi Arabia. Many experts say tha
The foundry business that produces batteries developed and designed by customers is rising as a hot issue in the battery industry with automakers set to launch a large number of new electric vehicle (EV) models this year.The foundry business generally belongs to the semiconductor industry. In the 19
Earnings at Samsung C&T have been leveling upwards on strong earnings at the construction division through captive clients and brisk growth at the bio division. Based on such, the firm has announced plans to: 1) expand investment to strengthen its business portfolio; and 2) retire all of its treasur
In December of last year, domestic semiconductor exports recorded the highest annual growth rate yet. The prices of memory semiconductors, the main export products of Samsung Electronics and SK hynix, have consistently been on the rise.According to the Ministry of Trade, Industry, and Energy on Jan.
According to industry sources on Jan. 1, Hanwha Ocean is set to make a pioneering move by installing lithium-ion batteries in a 3,000-ton class submarine (KSS-III Batch-II), a first in South Korea's submarine history. Traditionally, submarines operate by using diesel engines to charge batteries, whi
SK telecom is undergoing a complete transformation into an “Artificial Intelligence (AI) company,” expanding its global business ventures. Following an organizational restructuring in June, the company has now finalized a reorganization focused on strengthening AI and global business operations. Thi
SK hynix has embarked on strengthening its research and development (R&D) capabilities to enhance its high-performance NAND competitiveness by successively recruiting NAND flash memory experts from Intel with decades of experience.According to industry sources on Dec. 28, SK hynix America this month
Samsung Electronics and SK hynix are making strides in commercializing “On-sensor AI” technology for image sensors, aiming to elevate their image sensor technologies centered around AI and challenge the market leader, Japan’s Sony, in dominating the next-generation market.At the “SK Tech Summit 2023