Zuellig Pharma today announced plans to open an additional warehouse and relocate existing operations at the Hwasung 2 distribution center as part of efforts to innovate its distribution operations and capitalize on strong demand for its solutions in Korea. In line with this, the company will lease
The author is an analyst of NH Investment & Securities. He can be reached at hwdoh@nhqv.com -- Ed.We expect SEC’s earnings to remain sluggish through 2Q23, amid slowing memory market conditions. Industry conditions should improve from 3Q23, however, led by supply reductions and increased demand for
The author is an analyst of NH Investment & Securities. He can be reached at dongyang.kim@nhqv.com -- Ed.Following the merger with POSCO Energy, synergies are expected at POSCO International on the full-fledged start of investments in its energy business. On the non-energy side, growth potential is
SK On is predicted to turn back to the black in 2023 by raising factory yields pointed out as the cause of the company’s sluggish performance.SK On has recently secured a yield of 80 percent at its plants either in the state of Georgia in the United States, and in Hungary. The two plants started ope
In February, thanks to the effects of the newly released Galaxy s23 smartphone, Samsung Electronics dethroned Apple, rising to first place in the global smartphone sales standings.According to sources in the financial investment industry and global market research firm Counterpoint Research on March
LG Energy Solution is considering receiving subsidies set by the U.S. Inflation Reduction Act (IRA) in cash. This is because if the subsidies are received in cash rather than tax credits, they will be included in operating profit, resulting in a significant performance improvement in the future.Acco
The first large-scale supply contract for nuclear power generation in Korea in about 10 years has injected strong new vitality into Korea’s nuclear power plant ecosystem. Doosan Enerbility announced on March 29 that it has signed a contract to supply the main equipment needed for Shin Hanul Units 3
HL Mando, a company specializing in EV and autonomous driving solutions of the HL Group, was selected as the best partner of 2022 by General Motors (GM). This is the third year in a row since HL Mando won the 2020 Launch Excellence Award.On March 23 (local time), 107 suppliers from 10 countries, inc
Financial Supervisory Service Governor Lee Bok-hyun said in an interview with Bloomberg that he is considering lifting the partial short selling ban in the South Korean stock market this year. However, he added a condition: “If the financial market unrest is resolved within a few months.”Most indivi
The South Korean government announced on March 29 that 22 countries, including the United States, Japan and Taiwan, would be exempted from the Korea Electronic Travel Authorization (K-ETA) requirement going into effect on April 1 this year until Dec. 31, 2024. This measure is to facilitate entry in
Statistics Korea announced on March 29 that South Korea's greenhouse gas emissions are the sixth-largest in the OECD while its renewable energy-based power generation is at the bottom in it.According to its report, South Korea's total greenhouse gas emissions were 656.22 million CO2eq in 202
Samsung Electronics Chairman Lee Jae-yong and SK Group Chairman Chey Tae-won are expected to visit the United States next month to accompany President Yoon Seok-yul during the KORUS summit scheduled for April 26.This month, Lee visited China after nearly three years to attend the 2023 China Developm
The U.S. House Committee on Foreign Affairs has voiced that allies such as South Korea should not be unfairly harmed by the Inflation Reduction Act (IRA)."Since the enactment of the IRA last year, two of our key allies in the Indo-Pacific region, South Korea and Japan, have expressed concerns about
Onmind, which received investment from SK Square, announced the excellence of its virtual human technology on the global stage.Onmind announced on March 29 that it unveiled two new virtual humans at the Game Developer Conference (GDC) 2023 held at the Moscone Center in the city of San Francisco in t
SsangYong E&C announced on March 29 that it has won an order for the construction of Park Views Residences in the Kifaf region of Dubai.This construction is a follow-up project to the 44-story, two-building One Residence. SsangYong E&C won the order for One Residence in 2019 and completed it in June
A methanol poisoning accident at a second-tier partner of a Samsung Electronics plant in Vietnam killed one person and injured about 30 others.While Vietnamese authorities are investigating whether a local supplier delivered fake ethanol mixed with a large amount of methanol to the partner, Samsung
KPOP 4 Planet, a K-pop fan club in Indonesia, is accusing Hyundai of greenwashing, a form of advertising or marketing spin in which green PR and green marketing are deceptively used to persuade the public that an organization's products, aims and policies are environmentally friendly. They have
SK Hynix CEO and Vice Chairman Park Jung-ho said that the company was brooding over whether to apply for subsidies under the CHIPS Act as the U.S. government demands that companies submit profitability indicators and yields, which are trade secrets, as Excel files.Speaking to reporters after the com
The author is an analyst of NH Investment & Securities. He can be reached at junsup@nhqv.com -- Ed.While internal and external conditions have deteriorated markedly, we see no need for concern toward capital ratio figures. We see expansion of shareholder return as providing a potential trigger for s
Six months ago, the Korea-based medical device manufacturer EOFlow launched a new product in Germany. Now, on March 24, the company faces a patent dispute from the top insulin pump manufacturer in the country and a sales suspension, with no word on when or if they will be able to sell again.EOFlow h