On Sept. 25, Daewon Pharmaceutical announced that its 12th domestic new drug, a non-steroidal anti-inflammatory drug (NSAID) named Pelubi CR Tablet, will enter the Indonesian market.Daewon Pharmaceutical has signed an exclusive export supply contract for the finished product of Pelubi CR Tablet with
The newly released Huawei Mate 60 Pro is equipped with the self-developed 5G 7 nm Kirin 9000S chip.Despite facing significant sanctions from the U.S. government since 2020, China’s Huawei is alleged to have used semiconductor chips produced by Samsung Electronics, U.S.-based Micron, and Japan-based
The author is an analyst for NH Investment & Securities. He can be reached at yk.choi@nhqv.com -- Ed.We view the tight supply situation in the refining industry as being structural. Although refining margins should stabilize after peaking out in 2Q23, they are exceeding historical averages, suggesti
Thanks to the success of K-pop artists like BTS and Blackpink, as well as the booming export of K-dramas and other Korean content, the first half of this year witnessed a record-breaking trade surplus in copyright exports, marking an all-time high.According to the “2023 First-Half Intellectual Prope
On Sept. 20, President Yoon Suk-yeol proposed the formation of a “Carbon Free Alliance” to the international community during the United Nations General Assembly held in New York. This proposal includes bringing forward Carbon-Free Energy (CFE), which encompasses nuclear power and hydrogen energy, a
Concerns are being raised that the structure of South Korea’s economy is evolving into the “New Normal” characterized by low growth. This is due to the fact that our economy, heavily reliant on exports, is not recovering, primarily as a result of the sluggish Chinese economy. Furthermore, external c
Hyundai Motor India Limited (HMIL), India’s first smart mobility solutions provider and largest exporter since inception, today announced the launch of its motorsport inspired performance-driven premium hatchback, the new Hyundai i20 N Line. The new Hyundai i20 N Line is an exceptional hatchback sta
Amid the so-called “Huawei Shock,” with the company launching its Mate 60 Pro smartphone equipped with a 7-nm semiconductor, the U.S. is tightening its stance on China. Observers are now keenly watching how far the repercussions of this tension between the two giants will spread.As the end of the U.
Westinghouse clarified its position on Sept. 19 (local time) that it will appeal to the U.S. District Court in Washington, D.C. with regard to the court’s ruling to dismiss a lawsuit filed by Westinghouse to block Korea Hydro & Nuclear Power (KHNP)’s export of nuclear reactors via a statement from D
The French government has finalized the French version of Inflation Reduction Act (IRA), which grants differential subsidies based on carbon emissions and other criteria during the production and transportation of electric vehicle components and materials. While this measure is primarily aimed at Ch
A nighttime view of the Wolseong Nuclear Power Plant Shin-Wolseong Units 1 and 2Despite a lawsuit filed by U.S. nuclear company Westinghouse against Korea Hydro & Nuclear Power (KHNP) to hinder its standalone nuclear power exports being dismissed by a U.S. court, Westinghouse has indicated its inten
Germany has enjoyed an amicable relationship with China. But China’s economic crisis is putting Germany on pins and needles. Voices are growing in Germany that the country needs to decouple from China to reduce risks from internal issues such as a Chinese real estate slump and the US-China conflict.
The world’s largest semiconductor foundry, TSMC, announced on Sept. 19 that it plans to achieve RE100 ten years ahead of its original goal set for 2050. Furthermore, the company has increased its renewable energy consumption goal for 2030 from 40% to 60% of its total consumption.TSMC revealed that,
The European Union’s (EU) criticism of China’s electric car subsidies has led to speculation that the friction between the EU and China might result in reinforced protectionist measures, potentially disrupting the product and raw material supply chains.The tension between the EU and China commenced
The approximately US$6 billion (7.97 trillion won) in Iranian oil export revenues that had been tied up in South Korean banks due to U.S. sanctions have been successfully transferred to Iran’s account in a Qatari bank via Swiss accounts. Iran can now use these transferred funds for the purchase of h
Korea’s auto exports set a new monthly record in August, marking the 14th consecutive month of double-digit growth since July last year, bringing this year’s cumulative auto exports to US$46.45 billion at the end of August.According to the Ministry of Trade, Industry and Energy (MOTIE) on Sept. 19,
On Sept. 18 (local time), a U.S. court has dismissed a lawsuit filed by U.S. nuclear power company Westinghouse to prevent Korea’s state-run nuclear power generator Korea Hydro & Nuclear Power (KHNP) from exporting its independently developed nuclear reactors.KHNP is a rival of Westinghouse. The Kor
KEPCO KPS, led by CEO Kim Hong-yeon, has secured a power plant maintenance contract in South Africa valued at approximately 850 billion won.KEPCO KPS signed an agreement to maintain 16 thermal and nuclear power stations owned by South Africa's electricity company, ESKOM, at a sum of 848 billion won.
The Korea Trade Insurance Corporation (K-SURE) announced on Sept. 18 that it had signed operational agreements with Canada’s Export Development Corporation (EDC) and the U.S. Department of Energy (DOE) on Sept. 13 and 14 (local time), respectively. These agreements are aimed at supporting the expans
Despite the escalating power struggle between the United States and China leading to increased calls for decoupling from China, an analysis suggests that it may not be easy for many countries, including South Korea, among the participants in the Indo-Pacific Economic Framework for Prosperity (IPEF),