The Arion-SMET, a multipurpose unmanned vehicle developed by Hanwha Aerospace, will undergo a performance test at a US Marine Corps training center.Hanwha Aerospace announced on Sept. 4 that it recently signed a contract on the Foreign Comparative Testing (FCT) Program with the U.S. Department of De
Hanwha Aerospace is set to showcase its extensive range of defence technologies at DSEI 2023 to be held from 12nd-15th September at ExCel, London.Hanwha Aerospace will unveil its K9A2 Self-Propelled Howitzer (SPH) platform fitted with the Composite Rubber Track (CRT) developed by Soucy Defense, a ke
Three defense affiliates of Hanwha Group are set to showcase “next-generation weapon systems” in Poland to actively address Europe’s security needs.Hanwha Aerospace, Hanwha Systems, and Hanwha Ocean will present advanced weapon systems in the unmanned and ground, maritime, air, and space sectors at
The Ministry of Science and ICT and the Korea Astronomy and Space Science Institute (KASI) announced on Sept. 4 that they have completed the development of a lunar space environment monitor (LUSEM) and began to transport it to the United States. The LUSEM is scheduled to go to the moon in 2024.The L
Hapag-Lloyd, based in Germany and the fifth-largest shipping company in the world, is currently considering participating in the acquisition bid for Hyundai Merchant Marine (HMM), the largest shipping company in South Korea, which is currently offering a sale.According to investment banking (IB) ind
Silicon, a material for anode materials, is emerging as a “game changer” that will significantly increase driving ranges on a single charge or shorten charging time.According to the secondary battery material industry on Aug. 16, leading Korean companies such as SK, LG, and POSCO have begun preempti
SK Inc. has laid out an ambitious plan to invest 23 trillion won (US$17.82 billion) in eco-friendly initiatives by 2025, with a primary focus on “energy transition.” SK Group Chairman Chey Tae-won has shown keen interest in transforming SK’s business landscape from a petroleum-centric structure to o
The Korea Atomic Energy Research Institute (KAERI) has developed a technology that can mass produce radiopharmaceuticals.KAERI’s Proton Science Research Center announced on July 31 that it has developed an analytical method that can isolate copper-67, a radioactive substance used for treatment, in h
Hanwha Systems, in cooperation with the Korea Airports Corporation (KAC), is building a cooperation system to develop Urban Air Traffic Management (UATM) systems and construct vertiports with global players in the urban air mobility (UAM) industry at the Paris Air Show. A vertiport is an area set as
On the 50th anniversary of World Environment Day, Huawei and IUCN highlighted smart solutions for supporting effective and fair management and governance of protected and conserved areas, and the growing importance of technology in tracking threatened species and protecting their natural habitats.Hu
The author is an analyst for NH Investment & Securities. He can be reached at ys.jung@nhqv.com -- Ed.The Biden administration has been emphasizing the importance of SMRs. According to the DOE report released in 2023, the US is targeting to expand its nuclear power capacity (including SMRs) by 200GW
An analysis says that it is necessary to prepare a comprehensive response system for possible spillover risks between crypto assets and the traditional financial system. This is because the global crypto asset market recently revealed vulnerabilities similar to those of traditional financial markets
LG Chem announced on May 18 that it signed a contract to supply reverse osmosis membranes for a large-scale seawater desalination project in Israel. The company has been selected as the sole supplier of reverse osmosis membranes for the Ashdod Desalination Project in Israel. Ashdod Seawater Desalina
SK Group Chairman Chey Tae-won visited the United States on an economic mission during a Korea-US summit meeting, actively supporting economic diplomacy between the two countries.On April 25 (local time), an investment announcement ceremony held at the U.S. Chamber of Commerce in Washington, D.C., i
Korea Hydro & Nuclear Power (KHNP) will seek to stabilize the supply chain of uranium, a key fuel for nuclear power plants (NPPs), with the United States. In particular, it will build a supply chain for high-assay low-enriched uranium (HALEU) which holds the key to the commercialization of small mod
The author is an analyst of NH Investment & Securities. He can be reached at minjae.lee@nhqv.com -- Ed.Korean President Yoon Suk-yeol’s visit to the US should serve as a catalyst to strengthen the two countries’ SMR partnership. Elsewhere, SMR developer Holtec has signed an SMR deal with Ukraine’s E
President Yoon Suk-yeol attended a U.S.-South Korea business conference in Washington D.C. on April 25. He was accompanied by Samsung Electronics Chairman Lee Jae-yong, SK Group Chairman Chey Tae-won, Hyundai Motor Group Chairman Chung Eui-sun, LG Group Chairman Koo Kwang-mo and Lotte Group chairman
The author is an analyst of NH Investment & Securities. He can be reached at jooyh@nhqv.com -- Ed.We lower our TP for HiteJinro on a reduction to our earnings estimates to reflect both a rise in malt prices and cost increase stemming from the launch of a new product. However, a share price rebound i
Korea Shipbuilding & Offshore Engineering (KSOE), an intermediate shipbuilding holding company of HD Hyundai Group, unveiled a specific design concept of a small modular reactor (SMR)-powered ship for the first time among Korean companies.KSOE announced that it is promoting the basic design of a 240
As in 2022, Korean shipbuilders are expected to receive many orders for high value-added ships this year. Expectations for an earnings improvement are rising as orders for tankers and offshore plants are likely to revive, along with continued demand for LNG carriers.Korea Shipbuilding & Offshore Eng