The government will scale up the global share of Korean electric vehicle (EV) chargers to 10 percent from the current one percent by 2030. It will also provide support to foster competitive charger manufacturers.The Ministry of Trade, Industry and Energy (MOTIE) of Korea announced its policy directi
The Korean government has decided to lower Korea’s import dependence on 185 key items for semiconductors, secondary batteries, automobiles and shipbuilding to 50% by 2030. As of last year, Korea’s import dependence averaged 70%, with some items exceeding 90%.The Ministry of Trade, Industry and Energ
LIG Nex1 is actively expanding its presence in the defense markets of Africa, Europe, and North America, following its success in the Middle East.According to defense industry sources on Dec. 13, LIG Nex1 made its inaugural participation at the “Egypt Defense Expo (EDEX) 2023,” the largest event of
The author is an analyist for NH Investment & Securities. He can be reached at jack.baek@nhqv.com -- Ed.MaumAI is a provider of AI platform services to companies looking to implement AI. Moving ahead, we anticipate a rise in RAG chatbot orders, strengthening earnings at the new WoRV autonomous drivi
LIG Nex1 has initiated the pursuit of acquiring Ghost Robotics, a U.S.-based robotics company known for developing robotic dogs.The company announced in a regulatory filing on Dec. 8 that it will acquire a 60% stake in Ghost Robotics for 315 billion won (US$238.46 million).To facilitate the acquisit
Samsung C&T is leading the smart construction market by actively introducing robotic technology to replace high-risk tasks on construction sites. Notable examples include floor robots for access floor construction, anchor construction robots, and drilling robots.In 2021, Samsung C&T commercialized a
Doosan Robotics has set the goal to become the leading company in the global collaborative robot market, excluding China. A collaborative robot refers to a robot that works in the same space as humans. To achieve this, the company plans to expand its product lineup from 13 to 17 models by 2026 and a
LS Cable & System Asia has announced its rebranding to LS Eco Energy on Nov. 27, signaling its expansion into new business areas. This move reflects the company’s ambition to transition from its traditional focus on power and telecommunication cables to a broader scope, including submarine cables an
South Korean conglomerates, including Samsung and LG, are set to unveil new home appliances, mobile technologies, and mobility (automotive) solutions at CES 2024, the world’s largest electronics trade show held in the United States, embarking on extensive promotional activities.According to industry
The author is an analyst for NH Investment & Securities. He can be reached at kyeongkeun.kang@nhqv.com -- Ed.T-Robotics is achieving significant milestones in the logistics robotics arena, standing as the first player in the AMR industry to secure rechargeable battery-related orders from large firms
Founded in 1977, Hanwha Aerospace has become a leading company in the aerospace industry in South Korea. Today, its products serve not only aerospace but also the defense and marine sectors. With an unwavering focus on customer-centric quality management, technological innovation, and product compet
HD Hyundai announced on Oct. 18 that its shipbuilding subsidiaries – including HD Korea Shipbuilding & Offshore Engineering, Hyundai Mipo Dockyard, and Hyundai Samho Heavy Industries – have signed a business agreement for joint development of an integrated design-production innovation platform with
CJ Logistics is accelerating the development of a state-of-the-art logistics center in the United States.Korea Ocean Business Corporation recently held an investment review committee meeting and decided to invest US$61 million in the form of preferred shares in a special purpose company (SPC) to dev
The Korean shipbuilding industry, going through a severe labor shortage, is expanding its use of robots at shipyards. Korean shipbuilders are actively developing robots as a tool to boost competitiveness, as they believe that robots can increase their productivity and prevent accidents at workplaces
A new technology for robot wheelchairs, which helps persons with lower-limb disabilities go up and down the stairs and move while staying standing, has been developed for the first time in the world.The Korea Institute of Machinery and Materials (President Sang-jin Park, hereinafter referred to as K
The Korea Fair Trade Commission (KFTC) has punished U.S. semiconductor company Broadcom for allegedly forcing Samsung Electronics to sign a long-term contract to purchase parts for smartphones.The Korean market watchdog announced on Sept. 21 that it has decided to slap a fine of 19.1 billion won (US
As robot adoption accelerates, leading domestic robotics firms including HD Hyundai Robotics, Doosan Robotics, and Hanwha Robotics are shifting focus from stationary collaborative robots (cobots) to mobile robots that move autonomously, heating up the undercurrent of competition.According to industr
Hanwha Ocean has revealed its intention to secure global defense solutions with an ultra-wide gap through large-scale investment.Hanwha Ocean opened its Siheung R&D Center located in Siheung, Gyeonggi Province, Korea to media outlets on Sept. 18, according to related industry sources. This marked th
LG CNS will collaborate with XYZ Robotics, an artificial intelligence-based robotics solution company, to strengthen its warehouse robotics business.LG CNS announced on Sept. 17 that it recently signed a memorandum of understanding (MOU) with XYZ Robotics at the LG CNS headquarters in the Magok area
On Sept. 14, Ryu Jung-hoon, the CEO of Doosan Robotics, said during a press conference in Yeouido’s 63 Square in Seoul, “Doosan Robotics is recognized as a top three collaborative robot company globally alongside Denmark’s Universal Robots and Japan’s Fanuc. Our sales growth rate is five times highe