The Electronics and Telecommunications Research Institute (ETRI) announced on Dec. 16 that it succeeded in controlling the Korea Institute of Industrial Technology's smart factory in Gyeongsan from its lab in Daejeon City.The distance between the two regions is approximately 280 kilometers. The
Baemin announced on Dec. 15 that it has started the world’s first robot-based restaurant-to-door food delivery at Alleyway Gwanggyo in Suwon.Until recently from August last year, the company provided its outdoor food delivery service at the same apartment complex. In this service, the role of Baemin
Moderna's COVID-19 vaccines produced by Samsung Biologics have obtained approval from the Korean Ministry of Food and Drug Safety. This means that the vaccines can be sold at home and abroad.The approved product is Spikevax, which is administered in the form of an injection. It is the first dome
Samsung Electronics has recently launched a robot business team to promote commercialization of home robots in earnest. It plans to roll out products as soon as possible, and large-scale investments in related businesses are also expected.The company has recently upgraded a task force for robot comm
The author is an analyst of KB Securities. She can be reached at hyejung.jung@kbfg.com. -- Ed POSCO announces decision to adopt holding company structure— On Dec 10, 2021, POSCO’s board of directors approved a plan for governance structure reform, including its conversion to a holding company struct
Samsung Electronics has recently announced its plan to merge the Consumer Electronics (CE) and IT & Mobile (IM) Divisions into the Set Division. According to experts, this is to further enhance connectivity between consumer electronics and smartphones.Samsung Electronics divided its hardware arm int
The author is an analyst of NH Investment & Securities. He can be reached at pk.park@nhqv.co. -- Ed. In 2021, New York Stock Exchange pharmaceuticals indices have proved solid, backed by strong profit generation at large pharmas that have benefited from Covid-19. Meanwhile, returns have come in weak
The author is an analyst of KB Securities. He can be reached at jeff.kim@kbfg.com. -- Ed. Leadership reshuffle to help secure technological dominance We maintain BUY and TP of KRW100,000 on SEC. In a leadership reshuffle announced on Dec 7, the company revealed a reorganization of operational struct
The Korea International Trade Association announced that South Korea’s exports and imports for this year are estimated at US$636.2 billion and US$605.7 billion, up 24.1 percent and 29.5 percent from a year ago, respectively.“Exports exceeded US$500 billion for the fifth consecutive year and the trad
Samsung Group has decided to invest 240 trillion won over the three years from 2021, 180 trillion won at home and 60 trillion won overseas. Of the 60 trillion won set aside for overseas, 20 trillion won will be used to build a new foundry in Taylor, Texas of the United States.Samsung plans to invest
The author is an analyst of KB Securities. He can be reached at joonsop.analyst@kbfg.com. -- Ed. Post-spinoff relisting scheduled for Nov 29 based on 5:1 stock split— Shares of SKT (existing entity) and SK Square (new entity) will relist/list on Nov 29.— SKT has consolidated subsidiaries such as tel
The 23rd trial regarding Samsung Electronics vice chairman Lee Jae-yong’s involvement in the Samsung C&T-Cheil Industries merger took place at the Seoul Central District Court on Nov. 25.There, a witness testified that Goldman Sachs proposed to provide consulting for Samsung regarding its response t
Samsung Biologics has forged a partnership with GreenLight Biosciences, a U.S. biotechnology company, to manufacture the latter's messenger RNA COVID-19 vaccine candidate at commercial scale.GreenLight Biosciences is dedicated to making ribonucleic acid (RNA) products affordable and accessible f
Standard Chartered Group said in its report on Nov. 25 that South Korea's exports are likely to reach approximately US$1 trillion in 2030.“The global total exports are expected to increase from US$17.4 trillion to US$29.7 trillion from 2020 to 2030,” it said, adding, “In that period, South Korea
The South Korean government held a meeting and finalized 31 deregulation plans on Nov. 25.This summer, economic organizations and enterprises submitted 83 requests for deregulation in industries. Relevant ministries looked into the requests and adopted the 31 consisting of 10 in the energy and new m
Samsung Electronics vice chairman Lee Jae-yong returned home on Nov. 24 from a business trip to North America for the first time in five years.“I feel under heavy pressure after listening to the voices of our officials in the U.S. and seeing the harsh market realities in person,” Lee said, upon arri
The author is an analyst of KB Securities. She can be reached at leesunhwa@kbfg.com. -- Ed. Maintain BUY, target price of KRW620,000 We maintain BUY and TP of KRW620,000 on CJCJ. The processed food business has been gaining overseas market share while benefiting from domestic price hikes, and Bio ha
The author is an analyst of NH Investment & Securities. He can be reached at pk.park@nhqv.co. -- Ed. The primary beneficiary of the Covid-19 pandemic in the pharma/bio industry has been large-cap pharmas. The biotech industry has been performing sluggishly during the pandemic due to delayed clinical
The Korea Pharmaceutical and Bio-Pharma Manufacturers Association announced on Nov. 21 that South Korean pharmaceutical and biotech companies’ technology exports since the beginning of this year are 11.4049 trillion won in total.According to the association, the figure including undisclosed contract
The Korea Pharmaceutical and Bio-Pharma Manufacturers Association announced on Nov. 18 that South Korean pharmaceutical and biotech companies’ annual technology exports topped 10 trillion won for the second consecutive year.“This year, they signed 28 technology export contracts worth a total of 11.3