South Korea’s monthly trade balance has successfully turned into a surplus for the first time in 16 months. This has been a result of a decrease in imports due to a drop in international oil prices amid the strong performance of car exports. Expectations for an export surplus in the second half of t
“Sub-culture games” made by Korean game publishers are faring well in Asian markets. Subculture games are games that highlight Japanese anime-style girl characters and are targeted at specific groups of enthusiasts. Korean subculture games are gaining in popularity in China after Japan, so it remain
The author is an analyst for NH Investment & Securities. He can be reached at minwoo.ju@nhqv.com -- Ed.Despite sluggish sales to some clients, we expect Samsung SDI to book overall solid earnings for 2Q23 thanks to solid sales of premium models at key customers. We view expectations toward gradual t
Park Ji-won, vice chairman of Doosan Group, attended Automatica 2023 held in Munich, Germany on June 28 (local time), ahead of Doosan Robotics’ initial public offering (IPO).Automatica is the largest robotics and automation technology solutions exhibition in Europe, where companies related to roboti
Samsung Electronics has announced it will surpass TSMC, the world's leading semiconductor foundry company, through the mass production of cutting-edge 2-nm processes. Samsung Electronics revealed its confidence in leading the paradigm shift in artificial intelligence (AI) technology through its
CJ Logistics, a leading innovative technology company in Korea, has announced a strategic partnership with the Korea Ocean Business Corporation (KOBC) to construct large-scale logistics centers in the United States through a public-private collaboration. With a total investment of approximately $457
The author is an analyst for NH Investment & Securities. He can be reached at jack.baek@nhqv.com -- Ed.Amid rising market demand, it is looking increasingly probable that HiDeep will start mass production of its touch ICs and stylus solutions by as early as end-2023. In particular, we note the antic
Renault Korea, KG Mobility (formerly SsangYong Motors), and GM Korea, three major domestic mid-tier automobile manufacturers, have begun preparations to enter the electric vehicle market. They are preparing for the launch of electric car models and the expansion of some production facilities. Howeve
The Korean semiconductor industry has predicted that it will be difficult for Korea’s semiconductor exports to recover even with the reopening of China. Those in the industry expressed a sense of crisis that Korean chipmakers are losing ground in China due to the advancement of Chinese technology an
Hyundai Engineering announced on June 26 that it had held a commemoration ceremony for the first production of polypropylene (PP) at the Polimery Police PDH/PP Plant site in Poland on June 22.The ceremony was attended by Mateusz Morawiecki, prime minister of Poland; Tomasz Hinc, chairman of Grupa Az
Korean game companies are advancing into the Japanese market, which is considered a tough market for Korean game developers. Japan is a game market where Korean game companies have struggled due to different genre preferences and strong Japanese game companies represented by Sony and Nintendo. Howev
Korea’s science and innovation capabilities ranked fifth among member countries of the Organization for Economic Cooperation and Development (OECD) in 2022. This is up by three notches from 2020. Incidentally, Korea ranked higher than Japan.Experts advise that South Korea should sharpen its competit
While the market capitalizations of companies that focus on semiconductors, secondary batteries, and automobiles -- Samsung Group, SK Group, LG Group, Hyundai Motor Group, and POSCO Group -- have increased, those of retail-heavy companies like CJ Group, Shinsegae Group, GS Group, Lotte Group, and ot
In the near future, Shinhan Bank customers will be able to withdraw money from the bank’s automated teller machines (ATMs) with their faces even if they don’t have a bank card or bank book for ID. The lender will launch ATM services through facial recognition beginning in September.First, 900 ATMs,
Vietnam, to which President Yoon Suk-yeol will pay a three-day state visit beginning June 22, has become a center of research and development (R&D) for Samsung and LG for the future, becoming more than a global production outpost for them.Samsung posted sales of US$73.7 billion (about 95.3678 trilli
Visitors to the SK Signet booth at MOVE London 2023 will see and hear how SK Signet, the No. 1 provider of ultra-fast charging solutions in the U.S., is advancing sustainable mobility with its ultra-fast charging solutions.“As the number of electric vehicle drivers increases, so too will the custome
Following East Asia and the United States, Europe is emerging as the new battleground for semiconductors. Since Europe unveiled its intention to exert influence in the global supply chain by leveraging its top-tier domestic semiconductor equipment and automobile semiconductor companies, leading glob
As a race to preempt the next-generation electric vehicle battery market extends beyond the battery industry to the automotive industry, companies are accelerating their moves to secure super-gap technologies.According to sources in the battery industry on June 19, major Korean battery manufacturers
Last month, while imported car sales decreased compared to the previous year, the sales volume of high-end models priced over 100 million won (US$77,892) increased. This indicates an ongoing preference for luxury vehicles among high-income earners, who continue to accelerate their efforts in the Kor
The number of vehicles recalled in Korea since 2017 crossed three million in 2022. By mid-June of this year, 700,000 vehicles were already recalled. Some of these recalls were voluntarily carried out by car manufacturers while others were ordered by the government through the Automobile Management A