LG unveiled EXAONE 2.0, a super-sized artificial intelligence (AI) service that can be used to develop new materials, new substances, and new drugs, among other things.The LG AI Research Center unveiled EXAONE 2.0 at the LG AI Talk Concert 2023 at the LG Science Park Convergence Hall in Magok, Seoul
The author is an analyst for NH Investment & Securities. He can be reached at minjae.lee@nhqv.com -- Ed.With an equipment defect issue that arose last year now being resolved, the share of power generation in France represented by NPPs has recovered to the 72% level. Once the competitiveness of Élec
The smartphone usage rate among Koreans has reached 97 percent according to a recent survey.Korea Gallup announced on July 18 that it asked 1,001 people aged 18 or older nationwide whether they used a smartphone from July 11-13. Ninety-seven percent said they did.According to the poll, 69 percent of
Between 2013 and 2015, during China’s economic boom, the business outlook in China was rosy for South Korean corporations. Exports to China increased, leading to an upsurge in investment. However, companies overly dependent on China have encountered significant difficulties barely a decade later.Ind
Korean separator companies are expected to dominate the North American and European battery markets, according to a market research firm.SNE Research, a global market research firm, released a report titled “The Future of Separators in the Era of Lithium-Ion Batteries (LIBs).” In the report, SNE Res
Much attention is being paid to if Samsung Electronics, which recently stopped ordering from China’s No. 1 display maker BOE, will expand the amount of liquid crystal displays (LCDs) that it buys from LG Display in the future. Samsung has been buying LCD TV panels from LG Display since 2017.Accordin
The presence of automotive organic light-emitting diode (OLED) displays in the display market is growing. Experts forecast that their market size and shipments will steadily increase as a shift to software-driven vehicles (SDVs) accelerates, with premium automakers leading the way.According to marke
As the KOSPI recovered to the 2,600 range, the average daily short-selling transaction amount of Korean stocks increased 25 percent in July, according the Korea Exchange.According to the Korea Exchange on July 16, the average daily short-selling transaction amount stood at 553.9 billion won (US$437.
INMEDIC, a youth-led startup that promotes social inclusion of foreigners through increased access to local medical services, represented the Republic of Korea at the Regional Youth Co:Lab Summit 2023, jointly organized by Citi Foundation and the United Nations Development Programme (UNDP) in Bangko
The Lotte Group, having acquired a company producing copper foil - a key component of batteries - is set to enter the market of next-generation anode materials.Lotte Energy Materials announced on July 16 that they held an equity investment contract ceremony with the French start-up Enwires, a compan
Chey Tae-won, chairman of the Korea Chamber of Commerce and Industry (KCCI) and chairman of SK Group, hinted at the possibility of SK Group’s return to the Federation of Korean Industries (FKI).“We hope that the FKI will become a successful organization and we will help the FKI if we can,” Chey said
“Huawei is willing to share cutting-edge innovations in the form of patents with the world,” said the company’s Chief Legal Officer, Song Liuping, who added, “These will support the common, sustainable development of industries globally.”His remarks were made at Huawei’s annual flagship event on inn
LG Chem announced on July 12 that it has completed the issuance of US$2 billion worth of foreign currency exchangeable bonds (EBs).The previous day’s demand collection to investors in Asia and Europe attracted more than US$10 billion from more than 150 investors and institutions. The amount was more
Samsung Electronics has teamed up with LG Display to start selling 83-inch (diagonal length about 211 cm) OLED TVs in the United States. The company had been unable to penetrate the large-scale OLED TV market due to the panel production limits of its affiliate Samsung Display, but now it is capable
LG Electronics CEO Cho Joo-wan held a press conference at LG Science Park in Magok, Seoul, on July 12.He introduced strategies to discover new opportunities for creating customer value amid market trends and changes in the business environment, and turning them into tangible results.Cho stated, “LG
LG Uplus has been fined 6.8 billion won for a breach earlier this year that leaked information on over 300,000 customers. On July 12, the Personal Information Protection Commission imposed a fine of 6.8 billion won (US$5.3 million) and a penalty of 27 million won on LG Uplus for violating personal i
President Yoon Suk-yeol attended a series of bilateral meetings with 13 national leaders during the NATO summit held in Vilnius, Lithuania on July 11 and 12 (local time). The discussions aimed to strengthen the supply chains of advanced industries such as semiconductors, electric vehicles, batteries
The author is an analyst for NH Investment & Securities. He can be reached at minjae.lee@nhqv.com -- Ed.In 1H23, Europe reduced its fossil fuel use by more than 2% y-y thanks to strong use of wind, solar and NPPs, in turn contributing to a stabilizing in natural gas prices. In addition, the Energy C
As Spain has emerged as a new electric vehicle powerhouse in Europe, Korean battery companies are also eyeing the country with more interest than ever.The share of Spain in electric vehicle production in Europe expanded from 0.6 percent in 2019 to 12 percent in 2022, according to KOTRA on July 10. F
The market for organic light-emitting diode (OLED) panels for monitors has grown more than 10 times in the last two years according to a market research firm. The penetration rate of OLED panels in the gaming monitor market has risen sharply on the back of strong demand.According to market research