Samsung Biologics announced on Feb. 13 that it has been awarded the Leadership A- grade in the climate change response category by global sustainability evaluation organization Carbon Disclosure Project (CDP). CDP, a non-profit international organization founded in the U.K. in 2000, conducts project
The global electric vehicle battery market, excluding China, has continued its strong growth trend, reaching close to 40 percent growth last year. While the battery usage by the three major K-battery companies increased significantly, their market share saw a slight decline.According to SNE Research
The author is an analyst for NH Investment & Securities. He can be reached at jaekwang.rhee@nhqv.com -- Ed.Both 4Q23 and 2023 earnings reached historic highs. This year, earnings should remain steady, with share price momentum being driven by an uptick in overseas orders. KAI is targeting 2024 aircr
The author is an analyst for Shinhan Securities. He can be reached at sokang@shinhan.com -- Ed.4Q23 review: New game and profitability disappointNCsoft registered operating profit of KRW3.9bn (-91.9% YoY, -76.7% QoQ, operating margin of 0.9%) on sales of KRW437.7bn (-20.1% YoY, +3.5% QoQ) for 4Q23,
Hyundai Motor and Kia Corp. are looking to ramp up their market shares by introducing more than five new electric vehicle models this year. The electric vehicle market, which grew rapidly, has slowed down somewhat, but the two automakers are expediting their electrification transition with the new m
According to industry sources on Feb. 12, Hanwha Impact, an affiliate of Hanwha Group, recently received final approval for a merger related to the acquisition of HSD Engine from the Korea Fair Trade Commission. This came one year after the company signed a memorandum of understanding for a stock pu
China is dominating the global battery market backed by overwhelming growth in its home market. Stopping China’s rise in the global battery industry has become a big challenge for Korea, which ranks second in the market behind Chinese companies as well as the United States and Europe.Six of the worl
According to industry sources and market research firm Display Supply Chain Consultants (DSCC) on Feb. 12, LG Display has recently agreed to a long-term supply contract with Samsung Electronics for OLED and Liquid Crystal Display panels.LG Display is expected to supply Samsung Electronics with 5 mil
As global electronic component companies that manufacture Multi-Layer Ceramic Capacitors (MLCCs) seek breakthroughs by expanding their automotive MLCC businesses amid ongoing smartphone demand slumps, Samsung Electro-Mechanics, a leading South Korean MLCC company, is focusing its investments on the
Starbucks Korea, the leading coffee chain by sales, has been reported to have the fourth-largest number of stores worldwide. According to the distribution industry on Feb. 12, data from Starbucks’ global website showed that, as of the end of last year, the number of Starbucks stores in South Korea i
SK on has announced a supply agreement to receive natural graphite from its American anode material partner, Westwater Resources. This acquisition of American-sourced graphite strengthens SK on’s response capability to the Inflation Reduction Act (IRA).On Feb. 12, SK on disclosed that it had finaliz
Hanwha Q CELLS has surpassed 10,000 contracts for its Solar Financing Service launched last year in the United States. As the solar energy division of Hanwha Solutions, Hanwha Q CELLS is leaping from a simple manufacturing company to a “comprehensive energy solution company” with a strategy to overc
During the Lunar New Year holiday, Lee Jae-yong, chairman of Samsung Electronics, visited the Samsung SDI battery manufacturing facility in Malaysia, emphasizing the need for bold investments despite challenges. On Feb. 12, Samsung Electronics reported that Chairman Lee, having arrived in Malaysia o
Due to the severe downturn in the global commercial real estate market, overseas real estate mutual funds are rapidly emerging as a new potential catalyst in the financial market. With recent one-year returns plummeting to as low as -80 percent, there are signs indicating the looming realization of
South Korea’s aircraft exports exceeded US$1 billion for the first time in history last year. The successful export of FA-50 fighter jets to Poland is considered to have contributed significantly to this achievement.According to the Korea International Trade Association on Feb. 10, South Korea’s air
Pharmaceutical companies are expanding their presence into Southeast Asia, particularly Indonesia and Vietnam. There is a high preference for Korean products and a high growth potential in these markets, leading to strong optimism about the possibility of expansion. Among these countries, Indonesia
On Feb. 7, KB Financial Group was selected as the only domestic financial institution to achieve the highest rating, “Top 1%,” in the “2023 Corporate Sustainability Assessment” announced by U.S.-based Standard & Poor’s Global (S&P Global).The highest rating of “Top 1%” in the “2023 Corporate Sustain
SK Earthon is securing investment funds for future growth engines by selling its stake in Peru LNG Company, LLC.On Feb. 7, the company signed a stake transfer agreement with MidOcean Energy to sell 20 percent of its stake in Peru LNG for US$256.5 million.Peru LNG is a company that owns a liquefied n
President Yoon Suk-yeol reiterated the importance of adopting a global standard to address the “Korea Discount,” which indicates the undervaluation of the domestic stock market, during his televised speech on Feb. 7. This has sparked increased interest in low price-to-book ratio (PBR) stocks among i
Apple is accelerating the development of a “foldable iPhone,” entering the foldable phone market pioneered by Samsung Electronics with its Galaxy Fold five years ago.The Information, a specialist IT media outlet, reported on Feb. 7 (local time) that Apple is developing prototypes of a clamshell-shap