In response to the United States’ semiconductor sanctions, China’s “Semiconductor Self-Reliance” strategy is gradually coming to the surface. Given the immediate challenge of countering U.S. sanctions, China is discreetly pouring substantial funds into attracting overseas semiconductor talent. Furth
Hyundai Mobis, having integrated its partner and subcontractor firms, has launched production subsidiaries MOTRAS and UNITUS, which have emerged as production risks for the Hyundai Motor Group.According to the automobile industry on Sept. 6, MOTRAS, which supplies chassis modules integral to the veh
As South Korean President Yoon Suk-yeol embarks on a tour of Indonesia and India Sept. 5-10, much attention is being paid to the South Korean defense industry’s issues with Indonesia and India. Indonesia is a major defense export destination with which South Korea has close military ties, although t
At IAA Mobility 2023 Hyundai Mobis (KRX: 012330) has announced its European market expansion strategy ‘MOBIS MOBILITY MOVE 2.0’ which showcased its commitment to electric mobility. Hyundai Mobis is confident it can rapidly expand in Europe where electric vehicle technology is already making an impac
SK ecoplant, an environment and energy firm, has secured a contract to provide solid oxide fuel cells (SOEC) to a data center power supply system under construction in Singapore by GDS, China’s largest data center development and operation company.On September 4, SK ecoplant announced its contract w
Germany, once considered the growth engine of Europe, is mired in an economic slump. The International Monetary Fund (IMF) has projected that Germany will experience negative growth of 0.3 percent this year, making it the only G7 country among the seven major economies to undergo a contraction. The
The achievement pace of order targets for South Korea’s “Big 3” shipbuilders has shown a slowdown compared to previous years. This development is attributed to a decrease in orders compared to last year and the impact of selective orders due to limited dockyard capacity.According to shipbuilding ind
The author is an analyst for NH Investment & Securities. He can be reached at jack.baek@nhqv.com -- Ed.Binggrae has drawn market attention as it delivered an earnings surprise for 2Q23, energized by a widening export sales portion. Margins are to continue improving in 3Q23 on solid ice cream exports
A TV war has heated up between two Korean home appliance giants – Samsung Electronics and LG Electronics – at IFA 2023, Europe’s largest consumer electronics and information technology show. While the two Korean TV giants are leading the premium TV market with their strong technological competitiven
Korea Aerospace Industries (KAI) announced on Aug. 31 that it has signed a preemptive serial order contract with Airbus Helicopters (AH) for the production of 300 Light Armored Helicopters (LAH) and Surions (KUH). The Surion is a twin-engine transport utility helicopter developed primarily by KAI.Th
It was reported that production, consumption, and investment had all decreased in July. This simultaneous decline in the three major indicators of industrial activity, which together showcase the vitality of the South Korean economy, is the first since January. Additionally, facility investment reco
Hanwha Ocean will build global production centers for submarines in North America (Canada) and Europe (Poland). The company has recently reorganized its submarine-related specialty ship organization to focus on domestic and international submarine orders worth a total of 80 trillion won.On Aug. 30,
In the first half of this year, insurance companies achieved a net profit of nearly 10 trillion won (US$7.56 billion), driven by increased sales of guaranteed insurance policies and the positive effects of implementing new accounting standards, specifically IFRS9 and IFRS17.According to the prelimin
Eight out of ten business leaders have expressed the belief that the Chinese economy will continue to deteriorate in the future. This outlook is attributed to mounting concerns over risks stemming from China, notably those associated with the U.S.-China conflict. It is increasingly evident that the
The preliminary estimate indicates that in this year’s second quarter, the GDP of the member countries of the Organisation for Economic Co-operation and Development (OECD) grew by 0.4% compared to the previous quarter. South Korea recorded a growth rate of 0.6%, tying with the United States for 10th
On Aug. 30, HJ Shipbuilding & Construction announced the naming ceremony for two 5,500 TEU container ships at its Yeongdo shipyard in Busan. Commissioned by a European shipowner, these vessels are named “Zim Danube” and “Zim Ganges.”These ships are two of the four eco-friendly container ships ordere
Defense contractor Poongsan announced on Aug. 29 that it has succeeded in developing a 155 ㎜ projectile with a significantly increased range. The range of current mass-produced projectiles is about 40 kilometers, but the range-extending projectile developed this time reaches about 60 kilometers.The
The Ministry of Land, Infrastructure, and Transport (MOLIT) announced on Aug. 29 that it will initiate an inspection of the Social Overhead Capital (SOC) projects being undertaken in the Saemangeum region of Jeollabuk-do, or North Jeolla Province. The ministry intends to examine the necessity, feasi
The procurement for the El Dabaa project in Egypt and the tritium removal facility (TRF) project in Romania, which were secured after the inauguration of the Yoon Suk-yeol administration, will begin in October. This will unlock a total of 104 items with a value of 800 billion won (US$603.77 million)
Lotte Card employees have sparked controversy by being involved in an embezzlement case exceeding 10 billion won (US$7.55 million).The Financial Supervisory Service (FSS) announced on Aug. 29 that it had conducted an on-site inspection regarding the recent allegations of embezzlement by Lotte Card e