Korean low-cost carriers (LCCs), which have been adding aircraft to expand their mid- to long-haul routes, are seemingly disappointed over their plans to launch new routes to Indonesia.Major Korean LCCs are considering scrubbing plans to launch routes to Indonesia this year, according to industry so
On Nov. 14, Hyundai Engineering & Construction (Hyundai E&C) signed a strategic memorandum of understanding (MOU) with Germany’s RWE Offshore Wind, a leading energy company, to jointly develop offshore wind power and green hydrogen projects. The signing ceremony at Hyundai E&C’s headquarters in Seou
The author is an analyst for NH Investment & Securities. He can be reached at ys.jung@nhqv.com -- Ed.International passenger traffic climbed 11% m-m in October on the back of holiday season effects, with demand arriving strong for all routes except China. Air cargo volume also strengthened. However,
ENEOS Corporation (Representative Director and President: Takeshi Saito, “ENEOS”) and SK Innovation Co., Ltd (Vice Chairman & CEO: Kim Jun; “SK Innovation”), along with multiple subsidiaries of SK Innovation, announced today a conclusion of Memorandum of Understanding (“MOU”) designed to consider co
South Korea has set an ambitious goal to rise alongside the United States and China as one of the top three powerhouses in the global energy storage system (ESS) industry by 2036. The nation plans to capture 35% of the rapidly growing global ESS market, aiming to revitalize its currently stagnant do
South Korean defense industry firms have entered into a second-stage weapons export contract with Poland worth 30 trillion won (US$22.12 billion). This would elevate South Korea to the fourth-largest defense industry exporter worldwide in one go. However, the finalization of the contract, which was
The author is an analyst for NH Investment & Securities. He can be reached at ys.jung@nhqv.com -- Ed.International passenger traffic fell 11% m-m in September amid the ending of peak season effects. Cargo volume rose 4% m-m on higher demand for air freight. Intensifying fare competition (especially
KT has set its sights on extending the wireless quantum encrypted communication data transmission range from the current 2 km to 10 km by next year. Achieving lossless data exchange up to a distance of 10 km, from the ground to the stratosphere, could significantly reduce the potential hacking threa
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
According to data obtained by Park Sang-hyuk, a lawmaker and a member of the National Assembly’s National Transportation Committee, from the Ministry of Land, Infrastructure, and Transport on Oct. 5, there were a total of 1,341 registered foreign property rental operators in South Korea as of the en
In response to the rapidly evolving landscape of the logistics sector, characterized by an increase in the value addition of logistics, the integration of advanced systems, and the proliferation of borderless e-commerce, Incheon International Airport is steadfast in its commitment to enhancing logis
Korea Hydraulic announced that it has developed Korea’s first hydraulic clamp cylinder and is playing a major role in promoting the automation of volume production lines for uses such as automobile fueling.What is more, the company has laid the foundation for its growth as a supplier of energy-relat
Nickel and lithium produced through battery recycling will outweigh those produced through mining in 2036 and 2050, respectively, some experts forecast. In addition, the waste battery market is expected to grow rapidly once end-of-life batteries of electric vehicles begin to come out in drove in 203
The food and alcoholic beverage industry has fallen into a unique pop-up store. In particular, pop-up stores with stories that can show the brand's philosophy, history, and characteristics, not just introducing products, are increasing. In this era when pop-up stores have become a necessity, not an
HYUNDAI STEEL announced on Aug. 30 that its Ulsan Plant 2 recently obtained a renewable energy offshore wind farm certification from Det Norske Veritas (DNV), a Norwegian classification society. This certification ensures Hyundai Steel meets basic criteria for both domestic and international offshor
With the increasing utilization of renewable energy sources such as solar and wind power, which generate varying outputs depending on weather conditions, the frequency of “curtailment,” which means generating less power than planned, in nuclear power generation has risen fourfold compared to two yea
The author is an analyst for NH Investment & Securities. He can be reached at ys.jung@nhqv.com -- Ed.Jeju Air’s 2Q23 results missed consensus due to a significant drop in passenger fares. Amid concerns of a demand peak out, an expansion of short-haul capacity is likely to increase supply burden and
A new service has been launched to help passengers board domestic flights using only a PASS application on their smartphones, eliminating the need for physical identification and paper boarding passes.On Aug. 7, SK Telecom, KT, LG Uplus, and the Korea Airports Corporation jointly announced the launc
Incheon International Airport Corporation (IIAC) announced on Aug. 3 that it has developed the world’s first Advanced Surface Movement Guidance and Control System (A-SMGCS).The A-SMGCS is a service that provides airlines with real-time information on the ground at the airport. Airlines can receive i
The author is an analyst for NH Investment & Securities. He can be reached at jack.baek@nhqv.com -- Ed.Daedong Corp’s export portion of large tractors, which came to only 1.5% in 2022, climbed to 7.6% in 1Q23. While small/mid-sized tractor exports led the firm’s earnings growth in 2022, this year, l