Governor Eric J. Holcomb, Secretary of Commerce David Rosenberg and Purdue University President Mung Chiang joined federal partners and executives of South Korea-based SK hynix Inc., the world’s leading producer of High-Bandwidth Memory (HBM) chips, today as the company announced plans to establish
As the announcement of Samsung Electronics’ preliminary results for the first quarter of the year approaches, the success of the Galaxy S24 series, highlighted by its artificial intelligence (AI) features, is raising expectations for the company’s performance.According to market research firm Counte
As large offshore wind power projects are being actively pursued in South Korea, it is estimated that investments could reach up to 100 trillion won by 2030.According to the Ministry of Trade, Industry and Energy, the government aims to deploy offshore wind power facilities with a total capacity of
According to sources in the shipping industry on March 28, Gemini Cooperation, a shipping business alliance between the world’s No. 2 shipping company Maersk and No. 5 Hapag-Lloyd to go live in February next year has proposed a plan to exclude Busan Port of South Korea and ports of Japan, Vietnam, a
Kwak Noh-jeong, president and CEO of SK hynix, announced on March 27 that the order volume for High Bandwidth Memory (HBM) will remain “tight” until next year, adding that “this year, the proportion of HBM in the total DRAM sales volume will rise to a double digit percentage, which will help profita
Hyundai Motor Group signed a memorandum of understanding (MOU) on cooperation in future mobility with Red Sea Global (RSG), a leading developer of the Red Sea and western coastal areas, in Riyadh, the capital of Saudi Arabia, on March 24 (local time).The Red Sea coastal development project is one of
HD Hyundai Construction Equipment recently announced on March 20 that it has signed a contract for the supply of 60 construction machines, including 6 units of 34-ton large excavators and 36 units of 22-ton medium excavators in Sudan.Despite a nearly half decrease in excavator sales in the African m
Bereum, a pioneering force in postbiotic, has recently inked a strategic collaboration with Hyundai Corporation Group to venture into the North American market. The contract, valued at $10 million, marks a significant milestone in the company's journey, positioning it as the sole domestic competitor
In February, automobile exports, production, and domestic sales declined from the same month of 2023 and the previous month of January.The descent was attributable to a slowdown in the growth of electric vehicle sales in both the Korean and overseas markets, as well as a drop in production and shipp
The relationship between South Korea and Russia is reaching a desperate situation while the two countries celebrate the 34th anniversary of diplomatic relations this year.Earlier this year, an unusual incident occurred when a South Korean missionary, who was engaged in aid and missionary activities
SK hynix Inc. announced today that it has begun volume production of HBM3E1, the newest AI memory product with ultra-high performance, for supply to a customer from late March. The company made public its success with the HBM3E development just seven months ago.SK hynix being the first provider of H
The U.S. Congress began to keep Hyundai and Kia in check as the two Korean automakers continue to enjoy the growth of their electric vehicle sales in the U.S. market. The U.S. Congress made a thing of their business strategy of discounting subsidized electric vehicles through a lease car exception u
Big South Korean companies are exiting China one after another. Business uncertainties are being fueled by fiercer competition and declining profitability in the Chinese market coupled with the U.S. government’s checks on China and policy changes by Chinese government authorities.Lotte Chemical sold
It has been revealed that nine out of the top 10 major corporations have seen unanimous approval from external directors on board resolutions.Corporate data research institute CEO Score announced on March 13 that out of the 181 companies listed among the top 500 domestic companies by revenue, which
Doosan Enerbility is participating in Saudi Arabia's largest combined cycle power plant project.The company announced on March 11 that it has signed a contract with SEPCO-3 to supply equipment for the Taiba 1 Integrated Cycle Power Plant and Qasim 1 Combined Cycle Power Plant in Saudi Arabia. With t
The author is an analyst for NH Investment & Securities. He can be reached at sw.kang@nhqv.com -- Ed.The Fed's rate cut playbook emphasizes cuts sooner rather than later and further tightening. With this in mind, we anticipate bullish steepening of yield curves starting from 2Q24. The US and EU are
HD Hyundai Shipbuilding & Offshore Engineering (HSOE) announced on March 6 that it has founded the Nuclear Energy Maritime Organization (NEMO) with leading global nuclear energy organizations.NEMO, which has its secretariat in London of the United Kingdom, will work with the International Maritime O
Kumho Tire inked a technology export agreement with Saudi Arabia’s Black Arrow Tire Company (Blatco) on Feb. 28.Through this agreement, Kumho Tire will provide Blatco with technology for production of passenger car tires sold in the Middle East, including Saudi Arabia, for 20 years.Blatco, a manufac
Only 14 percent of South Koreans work in large companies, versus 58 percent of Americans.Koh Young-sun, a senior research fellow at the Korea Development Institute (KDI), presented this statistic in a report titled “A Need for More Large-Company Jobs” released on Feb. 27, emphasizing the need to exp
The Hyundai Research Institute (HRI) has forecasted that the South Korean economy will enter a recovery phase after passing its lowest point this year.According to a report titled “Now is an Important Time to Form an Early Economic Cycle Bottom” released by the HRI on March 3, there is a high possib