Yeonsu-gu, Incheon City announced on Sept. 14 that the 10th Yeonsu Neungheodae Culture Festival would take place offline on Sept. 30 and Oct. 1. In 2019 to 2021, the event could not take place due to African swine flu and COVID-19. The event venues are the Songdo Moonlight and Neungheodae Parks.This
Pernod Ricard Korea, the Korean unit of the global wine and spirits company Pernod Ricard, announced on Sept. 2 that it will recruit new participants of October class for its sustainable bar operation training program ‘Bar World of Tomorrow,’ which has been in operation since January.The Bar World o
Daewoo Engineering & Construction (Daewoo E&C) and its consortium partners have disclosed a plan to develop an urban air mobility (UAM) service at the 2022 Korea Drone and UAM Fair held at Gocheok Sky Dome in Seoul from July 15 to 16.At the fair, the consortium presented a blueprint for UAM, includi
SK ecoplant has built the world's most efficient fuel cell power plant that can simultaneously supply electricity and heat.SK ecoplant announced on June 9 that it has completed the construction of a 4.2 ㎹ fuel cell power plant for Bukpyeong Leports Center, in Donghae City, Gangwon Province.The p
The author is an analyst of NH Investment & Securities. He can be reached at minjae.lee@nhqv.com. -- Ed. In March, nationwide pre-sales volume amounted to 18,000 units, with a subscription ratio of 22:1. Most of the pre-sales volume was concentrated in Seoul/neighboring areas and regional metropolit
The author is an analyst of NH Investment & Securities. He can be reached at minjae.lee@nhqv.com. -- Ed. In February, nationwide pre-sale volume amounted to 220,000 units, with a subscription ratio of 13.9:1. Sales continued to focus on relatively strong demand areas (Seoul and neighboring areas and
This July, Tottenham Hotspur will travel to South Korea to play matches for the first time since 2005 after being invited by Coupang and Pitch International to tour the country and play in the ‘Coupang Play Series’.Coupang has partnered with Pitch International, Tottenham's long-term partner, to
The author is an analyst of NH Investment & Securities. He can be reached at minjae.lee@nhqv.com. -- Ed. In January, which is a low season for the domestic construction industry, nationwide apartment pre-sales reached 17,000 units (+10% y-y), with a subscription ratio of 9.7:1. Sales focused on rela
The author is an analyst of NH Investment & Securities. He can be reached at minjae.lee@nhqv.com. -- Ed. December figures show the highest monthly national pre-sales volume for last year. Except for Daegu and Gyeongbuk, subscription ratios proved sound.Monthly-high pre-sale volume reached in Decembe
The author is an analyst of NH Investment & Securities. He can be reached at minjae.lee@nhqv.com. -- Ed. MOLIT is aiming to strengthen the publicness of urban redevelopment projects by limiting the upper limit of the private profit rate to 10%. At this juncture, it is difficult to predict the mid/lo
LS Cable & System will receive up to 1 trillion won in loans from Korea Development Bank (KDB) over the next five years. The fund will be invested in facility expansion and research and development.The company announced that it signed an agreement with KDB on an industry-finance cooperation program
The ongoing power shortage in China is increasingly affecting global raw material and product supply chains. For example, the government of Shanxi recently told 30 magnesium smelting companies in the province to pause their business for the rest of this year, and then the price of magnesium jumped f
LS Cable and System is the only company in Korea with a submarine cable production plant. It has become the only cable company in Korea to have a cable-laying vessel. The company’s vessel is the largest of its kind in Korea.LS Cable and System announced on Aug. 11 that it will secure an 8,000-ton ca
The author is an analyst of NH Investment & Securities. She can be reached at hzl.lee@nhqv.com. -- Ed. Kangwon Land delivered a 2Q21 earnings surprise. Although business is still being affected by ongoing Covid-19-related uncertainties, sales are showing a sharp recovery based on strong pent-up dema
The author is an analyst of NH Investment & Securities. He can be reached at ryan.ra@nhqv.com. – Ed. We expect Hugel to record solid domestic sales for 2Q21 thanks to both positive seasonality and increased demand for aesthetic procedures. The firm’s toxin exports to China should prove solid, but we
LS Cable and System will invest 185.9 billion won to build an undersea cable system production plant in Donghae, Gangwon Province, the company said on July 25. The plant will include the tallest power cable production tower in Korea. The company will break ground for the plant in October 2021 for co
LG Electronics has unveiled a robot that can move indoors and outdoors in a bid to move into the rapidly growing delivery robot market.The company announced on July 13 that it introduced an integrated delivery robot at Ubiquitous Robot 2021 held in Gangneung, Gangwon Province on July 12.The robot ca
Korean companies are entering the wind power market in earnest amid rising interest in wind power.POSCO Group is planning to cooperate with Denmark’s Orsted, the world's largest offshore wind power generation company. Orsted is pushing for a 1.6 GW offshore wind power project in Incheon, Korea.
South Koreans’ anti-China sentiment is peaking. Gangwon Province and Pocheon City recently canceled their Chinatown construction projects amid extremely strong objections. These days, more and more South Koreans are showing negative reactions to everything related to China and the examples include f
Korea BeRM Co., a company specializing in postbiotics, has been selected as a “Global IP Star Company” by Gangwon Province, the Korean Intellectual Property Office (KIPO) and the Korea Invention Promotion Association.The Global IP (Intellectual Property) Star Enterprise Promotion Project is a joint