SK Telecom will promote global cooperation to commercialize 5G mobile edge computing (MEC) technology.SK Telecom announced on March 1 that nine global telecom carriers launched the Telecom Edge Cloud Task Force at the GSMA General Assembly in London on Feb. 24. The nine carriers included SK Telecom,
The year of 2020 will be the first year of a U.S.-China digital finance war based on blockchain and cryptocurrency technology, SK Securities said in a recent report. The brokerage says that the two countries are stepping up efforts to preoccupy techfin using blockchain technology.“The United States
Japan is conducting a review of the proposed merger between Hyundai Heavy Industries Group and Daewoo Shipbuilding & Marine Engineering (DSME).The Japan Fair Trade Commission has started the first stage of a review on the business combination between Hyundai Heavy Industries Group and DSME after rec
The OECD has lowered its South Korean economic growth forecast for 2020 from 2.3 percent to 2 percent in the wake of the spread of COVID-19. Likewise, S&P adjusted its forecast from 2.1 percent to 1.6 percent, Moody’s lowered its figure from 2.1 percent to 1.9 percent, and Fitch Solutions lowered it
Concerns are rising about the possibility that the U.S. government will block the entry of South Koreans all of a sudden. As of March 2, such prohibition or temporary restriction is effective in 36 countries and stricter entry procedures are in force in 57 countries.Under the circumstances, Samsung
The authors are analysts of NH Investment & Securities. They can be reached at j.ko@nhqv.com and jonathan.jang@nhqv.com, respectively -- Ed. With the advent of cell-to-pack (CTP) technology, the importance of material reliability is increasing -- a factor highlighting the potential of lithium phosph
The author is an analyst of NH Investment & Securities. He can be reached at ys.jung@nhqv.com. -- Ed. Pan Ocean’s 4Q19 results missed consensus, weighed upon by IMO regulations and tepid market conditions. In light of Covid-19 effects, the bulk carrier market will likely remain sluggish in 1Q20. Whi
Hanwha Solutions, the No. 1 solar power company in Korea, has slipped by one notch in the global module production rankings as Chinese companies began to aggressively expand their presence thanks to the expansion of the Chinese market and support from the Beijing government.Hanwha Solutions (previou
The Ministry of Trade, Industry and Energy is planning to ask 10 countries, including Vietnam and Japan, not to block the entry of South Korean business persons. This is because an increasing number of governments are doing so in the wake of the spread of COVID-19 in South Korea and their measures c
South Korean companies’ global business activities are being seriously affected in the wake of the spread of COVID-19 in South Korea. Samsung Electronics’ Hanoi R&D Center opening ceremony has been canceled and small and medium-sized enterprises’ export expo in Vietnam has been indefinitely postpone
The Ministry of Trade, Industry and Energy announced on March 1 that South Korea’s exports and imports added up to US$41.26 billion and US$37.15 billion in February this year with a year-on-year increase of 4.5 percent and 1.4 percent, respectively.Although the monthly exports increased for the firs
The number of COVID-19 patients is soaring in South Korea. It increased by no less than 505 to 1,776 on Feb. 27, when the number of deaths attributable to the virus rose to 13.A number of countries around the world took preventive measures such as border closure and entry prohibition. On the other h
Major Korean conglomerates such as Samsung, Hyundai, SK, LG, and Lotte have pulled up their sleeves to combat the COVID-19 crisis.Samsung Group announced on Feb. 26 that it will provide an emergency assistance package totaling 30 billion won to the National Disaster Relief Association to join social
Korean pharmaceutical companies are canceling their plans to attend conferences and marketing events in the United States and Europe as these countries restrict or ban travel to and from Korea due to the spread of the COVID-19 virus.The U.S. Centers for Disease Control (CDC) upgraded its travel aler
Changxin Memory Technologies has initiated DRAM chip sales to become the first Chinese DRAM chip supplier. Chinese companies are increasing their presence in the DRAM as well as NAND flash market.Changxin Memory Technologies’ new products are 8 GB DDR4 mainly used in computers and 2 GB and 4 GB LPDD
Intermediate goods supply from South Korea to the ASEAN is expected to increase in the wake of COVID-19, trade disputes between the United States and China and Japan’s export curbs targeting South Korea.As of 2015, China accounted for 14.5 percent (US$18 billion) of the total intermediate goods supp
uLikeKorea announced on Feb. 27 that it has successfully developed the world’s first micro-bio capsule to manage and detect calve-related diseases. The bio micro-capsule is 400 percent smaller than the original version of the calf capsule developed earlier by uLikeKorea.uLikeKorea is already well-kn
The author is an analyst of Shinhan Investment Corp. He can be reached at sejonghong@shinhan.com. -- Ed. 1Q20 consolidated OP forecast at KRW27.9bn (+12.7% YoY)We expect Innocean Worldwide to report consolidated gross profit of KRW140bn (+23.2% YoY) and operating profit of KRW27.9bn (+12.7% YoY) for
South Korean electric vehicle (EV) battery manufacturers are working more and more closely with automakers while working on products with higher energy densities.At present, EV sales are increasing fast in Europe in particular under stricter carbon dioxide emission regulations. Last month, a total o
A spike in the number of patients infected with COVID-19 has forced many Korean companies shift into emergency mode. Korea has had trouble in importing parts from China, but now it has to worry about shutdowns of industrial plants.Samsung Electronics and GS Caltex temporarily halted their operations