The implementation of the Inflation Reduction Act (IRA) has been fueling market competition between Korea and Japan over the U.S. electric vehicle battery market.Japan's Panasonic is considering investing around US$5 billion (about 6.5 trillion won) to build a third electric vehicle battery plan
SK Telecom announced on April 17 that it has signed an MOU with XON Studios in Korea and AUX Media, a virtual production company in Singapore, for virtual production technology development and business cooperation.AUX Media is a Singapore-based virtual production company that has presented various o
Korea Expressway Corporation announced that it donated educational equipment and school supplies worth 100 million won (US$75,788) to Bangladesh and Nepal for six days from April 5 to 10 with the global NGO Good Neighbors.The company promoted the project to strengthen friendly relations by returning
Shinhan Bank announced on April 17 that its mobile app “SOL” took home a prize in the UX category and its corporate internet banking won a prize in the service design category at the iF Design Award 2023 (International Forum Design Award 2023).SOL was recognized for improving customer experience in
Lotte E&C announced that its landscaping brand “Green by Groove” won the main prize at the 2023 iF Design Award held in Germany on April 14th.The iF Design Award is regarded as one of the world's top three design awards along with the Red Dot Design Awards in Germany and the International Design
The Korea Exchange announced on April 17 that this month’s average daily short selling in KOSPI is 634.6 billion won (US$480 million), the largest since records began in 2001.This month’s average daily short selling in KOSDAQ is also at the highest level ever, 362.7 billion won (US$274.9 million). T
The Ministry of Trade, Industry and Energy announced on April 17 that car exports from South Korea hit an all-time high of US$6.518 billion last month, up 64.1 percent from a year ago, and the Q1 exports totaled US$17.099 billion, up 44.1 percent.Last month, the export volume was 262,341 cars, up 48
The New York Times reported that Samsung Electronics is considering replacing the Google search engine in its Galaxy phones with MS Bing. The solid partnership between Samsung Electronics and Google is showing signs of change.The Google search app has been preloaded in every Galaxy smartphone for ab
Taiwanese market research firm TrendForce said on April 17 that TSMC is likely to be most affected by the U.S. CHIPS Act. According to the act, semiconductor companies subsidized by the U.S. government cannot invest in China for 10 years. TrendForce said that TSMC’s facility expansion in China would
Hyundai Mobis, an automotive parts arm of Hyundai Motor Group, announced on April 17 that it has developed the world's first automobile rollable display.The rollable display rolls up and down when entering and exiting the vehicle. When the car is turned off, the screen disappears completely, and
Korea Midland Power (KOMIPO) has shut down its Swedish subsidiary.In May 2021, when the company won an order for a wind farm in Stavro, Sweden, it established an operation and maintenance (O&M) corporation in the country. But it recently decided to liquidate the corporation after failing to open a l
Korean Air flight KE462, which was scheduled to arrive in Incheon from Da Nang, Vietnam, was delayed, inconveniencing more than 270 passengers.According to Korean Air, the flight scheduled to depart Da Nang International Airport in Vietnam at 10:50 p.m. on Nov. 16 (local time) for Incheon was unable
LG Chem and Huayou Cobalt announced on April 17 that they would build a precursor plant in the Saemangeum National Industrial Complex in Gunsan and they would sign a memorandum of understanding to that end on April 19.Huayou Cobalt is one of the largest cobalt producers in the world. The Chinese com
ArkData (CEO Ko Kwang-yun), a company that specializes in real-time data replication, announced on the 17th that its CDC (Change Data Capture) product, 'Ark for CDC', will now support data extraction in Tibero DBMS from TmaxTibero.‘Ark for CDC' is Korea's first CDC solution with inde
Twitter tipster Revegnus said on April 17 that Samsung Electronics’ 4-nm process yield is now very close to that of TSMC, the leader in the industry.According to Revegnus, Samsung Electronics’ yield recovery is faster than expected and TSMC’s 3-nm process yield is currently 63 percent or less.Samsun
Major South Korean defense companies – Hanwha Aerospace, Korea Aerospace Industries, LIG Nex1, Daewoo Shipbuilding & Marine Engineering, and Hyundai Rotem – recorded an order backlog of 100.4834 trillion won (US$76.21675 billion) at the end of last year.Specifically, Hanwha Aerospace topped 52.658 t
Incheon International Airport Corporation, Israel Aerospace Industries and Sharp Technics K signed a contract on April 17 regarding passenger-to-freighter conversion.Israel Aerospace Industries, which is state-owned, is a global leader in passenger-to-cargo aircraft conversion. Sharp Technics K is a
Pernod Ricard Korea, the Korean unit of the global wine and spirits company Pernod Ricard, announced that it will recruit participants of May class for its sustainable bar operation training program "Bar World of Tomorrow."The Bar World of Tomorrow is a professional training program operated by the
The author is an analyst of NH Investment & Securities. He can be reached at pk.park@nhqv.com -- Ed.We favorably view a rebound in implant exports to China in March, but Suwon City saw disappointing results for 1Q23 on delayed recovery of exports to Russia. In March, aesthetic equipment hit its high
The author is an analyst of NH Investment & Securities. He can be reached at sw.kang@nhqv.com -- Ed.The Fed’s official forecast includes the entering of a mild recession at the end of this year. Given that monetary tightening should become more difficult toward yearend, we expect that the Fed will h