The Korea Chamber of Commerce and Industry (KCCI) suggested in a report that Korea cooperate with major Middle Eastern countries such as Saudi Arabia, the United Arab Emirates (UAE), and Qatar in the fields of future energy, electric vehicles and defense.The KCCI released the report on economic coop
The Korean defense industry is accelerating its penetration of the global defense market with powerful weapon systems and differentiated technological competitiveness. For example, major Korean defense companies posted record exports of US$17.3 billion in 2022 and are on track to reach US$20 billion
SKC is accelerating its business restructuring efforts, actively pursuing mergers and acquisitions (M&As) and investments, while streamlining its underperforming sectors. The company is transitioning its portfolio from a chemical-focused approach, including films and basic materials, to high value-a
Expectations are rising that South Korean electric mobility companies might counteract the rapid market penetration of cheaper Chinese alternatives by next year. Particularly, South Korean SMEs, medium-sized businesses, and startups are strategizing to differentiate themselves from Chinese products
Micron, the world’s third-largest DRAM company, will actively target the high-bandwidth memory (HBM) market beginning from 2024. Competition for a bigger market share between Samsung Electronics, SK hynix, and Micron will intensify, market experts forecast.According to industry sources, Micron said
LG Energy Solution is expediting its penetration of the U.S. energy storage system (ESS) market by building a local production base and supply chain behind advanced technologies. The Korean battery giant plans to more than triple its sales in the ESS business within the next five years.LG Energy Sol
The author is an analyst for NH Investment & Securities. He can be reached at kyeongkeun.kang@nhqv.com -- Ed.Millie’s Library is an e-book subscription platform boasting outstanding market share. Key indicators for the firm (eg, monthly average free-to-paid conversion rate and repeat subscription ra
Hyundai Motor Company is leading the electrification trend in the automotive industry in Indonesia, the world’s fourth-most-populous country and the world’s top nickel producer.According to the Association of Indonesia Automotive Industries (GAIKINDO) on Friday, Hyundai sold 3,913 electric vehicles
Fundamental solutions such as shared growth of content and platforms and global distribution of videos and films are needed in order to improve the competitiveness of the Korean media industry, which is facing a crisis due to the rise of global over-the-top (OTT) service providers such as Netflix. T
The utilization rate of LG Chem’s advanced materials business, which is considered the future food of the company, has been declining. The company is trying to respond to the market situation by reducing production as profitability has deteriorated due to the double whammy of slowing demand for elec
Voices are being raised for a policy shift in the Korean government’s Renewable Electricity 100 (RE100) goal. They say that it is necessary for the Korean government to switch to Carbon Free 100% (CF100), which includes utilizing nuclear energy.According to data submitted to Rep. Han Moo-kyung of th
GS Engineering & Construction (GS E&C) announced on the 11th that its subsidiary, GS Inima, has secured the Shuweihat S4 Reverse Osmosis Independent Water Project ordered by the UAE's Water and Electricity Authority (EWEC).This newly secured contract, valued at approximately 920 billion won, is
The author is an analyst for NH Investment & Securities. He can be reached at jaemin.ahn@nhqv.com -- Ed.KT shares performed sluggishly in 1H23, affected by concerns towards the absence of a CEO and the government’s telecom company regulations. We expect that business normalization and earnings growt
KB Kookmin Bank announced that it has received final approval from the Ministry of Commerce in Cambodia for the launch of the integrated commercial bank “KB PRASAC BANK PLC.”KB Kookmin Bank received a permit for the launch of an integrated commercial bank through the merger of two overseas subsidiar
The automotive display market is expected to grow at an average annual rate of 7.8 percent and exceed 16 trillion won in 2027, according to a new report.The Korea Display Industry Association forecast in its Automotive Display Value Chain Analysis Report on Aug. 2 that the automotive display market
Lithium-ion batteries will dominate the battery market by 2030, forecast SNE Research, a market research firm specializing in energy, amid a growing market interest in electric vehicle batteries.SNE Research predicted on July 24 that the supply of lithium-ion batteries for electric vehicles will inc
OLED panels are expected to surpass 50 percent adoption in smartphone displays for the first time this year.According to industry sources on July 20, OLED displays have overtaken LCDs as a dominant display ecosystem and are expanding their applications. Consumers have become pickier as they encounte
The market for organic light-emitting diode (OLED) panels for monitors has grown more than 10 times in the last two years according to a market research firm. The penetration rate of OLED panels in the gaming monitor market has risen sharply on the back of strong demand.According to market research
The author is an analyst for NH Investment & Securities. He can be reached at pk.park@nhqv.com -- Ed.GPM for domestic first-line NSCLC treatment sales is estimated at 62% of GPM for Janssen’s global Lazertinib royalties in 2028. When enrolled in insurance coverage, drug prices tend to fall on a hike
The author is an analyst for Shinhan Securities. He can be reached at ym.ko@shinhan.com -- Ed.Micron’s earnings release raises expectations for SK Hynix’s decouplingSK Hynix is likely to have seen operating loss of KRW2.3tr (continued loss QoQ) on sales of KRW6.8tr (+34% QoQ) in 2Q23. Micron Technol