TiumBio Co., an R&D-focused clinical-stage biotechnology company based in South Korea, today announced the publication of two posters that will be presented during the upcoming 2023 American Association for Cancer Research Annual Meeting (AACR 2023), taking place from April 14th in Orlando, Florida.
The author is an analyst of KB Securities. He can be reached at jeff.kim@kbfg.com. -- Ed.SEC has announced plans to invest KRW300tn (until 2024) in the building of the world’s largest foundry complex (system semiconductor) in Yongin with five state-of-the-art fabs. About KRW150tn will go to establis
Doosan Enerbility announced on March 15 that it had signed a contract with Turkistan LLP, a subsidiary of Samruk-Kazna, Kazakhstan’s sovereign wealth fund, to build a combined cycle power plant worth 1.15 trillion won (US$877 million).Doosan Enerbility formed a consortium with local construction com
Hyundai Motor Group ranked third in the global car sales standings last year, following Toyota and Volkswagen. This marked the first time Hyundai Motor Group has joined the Big 3 Club and in 12 years since the Korean carmaker beat Ford in 2010, taking fifth place.According to data from automotive gr
Samsung Electronics laid out a plan to build a semiconductor cluster in the town of Namsa in Yongin, South Korea, on March 15. The announcement of the plan shows the Korean tech giant’s objective of not losing its leadership in a global semiconductor hegemony war. It is also meaningful in that the c
The author is an analyst of NH Investment & Securities. He can be reached at kyuha.lee@nhqv.com. -- Ed.With IT demand improving faster than expected, a full-fledged industry recovery is likely from 2H23, with IT companies to benefit overall from expansion into new industries such as automotive elect
The author is an analyst of NH Investment & Securities. He can be reached at minjae.lee@nhqv.com. -- Ed.With natural gas prices stabilizing, the city gas price hike burden is projected to ease.EU energy market for second week of MarchOver Mar 5~11, the EU’s power generation shrank 1.9% w-w to 51.5TW
The author is an analyst of KB Securities. He can be reached at jeff.kim@kbfg.com. -- Ed.We maintain BUY and TP of KRW80,000 on SEC. We see an inevitable earnings slump in 1H23 as DRAM/NAND shipments and prices are hit by weak demand and inventory adjustments from North American server companies, bu
The Genesis G90 and the Kia EV9, which will be released in April at the earliest, will be loaded with the Highway Driving Pilot (HDP) function, a Level 3 autonomous driving technology, Hyundai Motor Group said on March 14.The new G90 is a new-year model based on the 2021 4th generation full change m
LG Magna e-Powertrain held a groundbreaking ceremony for its electric vehicle parts production plant in Ramos Arizpe, Mexico on March 19 (local time).According to industry sources on March 14, LG Magna e-Powertrain will complete the plant in Mexico this year by making an investment of about 100 bill
The renowned Middle East and Africa (MEA) tech event, LG Showcase 2023, has finally returned to the region after a four-year hiatus. The two-day event was held at Al Habtoor City in Dubai and successfully showcased every new LG product being launched in the region this year to an all-time-high crowd
Daewoo Shipbuilding & Marine Engineering (DSME) announced on March 14 that it has won an order for two LNG carriers from Maran Gas Maritime, a subsidiary of the Angelicoussis Group, which is Greece’s largest shipping company. The order is worth US$512.5 million (approximately 679.4 billion won).The
According to industry sources on March 14, Samsung SDI will unveil its BoT application lineup, which is expanding to its battery brand PriMX, and introduce super-gap technology at InterBattery 2023.Samsung SDI designed its booth by focusing on the Core Technology Zone at the center of the booth. The
LG CNS signed a strategic partnership memorandum of understanding (MOU) with SAP on March 10 at the SAP headquarters in Walldorf, Germany. The MOU signing ceremony was attended by high-ranking executives from both companies, including Hyun Shin-kyun, CEO of LG CNS, and Christian Klein, CEO of SAP.Wi
Hanwha Solutions announced on March 14 that it will appoint Danielle Merfeld as chief technology officer and vice president of GE Renewable Energy, as its global chief technology officer for Q CELLS.CTO Murfeld majored in electrical engineering at the University of Notre Dame and received a Ph.D. in
Doosan Bobcat announced that it will participate in ConExpo 2023, which kicks off on April 14 (local time) in Las Vegas, the United States.ConExpo, one of the world’s three largest construction equipment exhibitions, is held in the United States every three years. This year, the event will run at th
The Ministry of Oceans and Fisheries is analyzing Russia’s North Pole Route development plan approved in August last year. The Russian government is planning to invest 1.8 trillion rubles (US$24 billion) for 12 years to come so that Europe and Asia can become more closely connected via the route.The
The South Korean government has decided to open the Gadeokdo Airport in December 2029, 66 months ahead of the previous schedule.Previously, the airport was scheduled to be opened in June 2035 after 116 months of construction. According to the government’s announcement on March 14, the construction p
South Korea’s nominal GDP per capita is expected to exceed Japan’s this year. In 2021, the GDPs of the country were US$35,003 and US$39,301, respectively. The figures are estimated to have changed to US$33,591 and US$34,357 in 2022.According to experts, the former is likely to exceed the latter this
KAIST Professor Yoo Hoe-joon and his research team developed the world’s first tri-mode cell capable of data storage and conversion and operation. The processing-in-memory (PIM) chip, dubbed DynaPlasia, enables low-power AI operation in a DRAM and processes various AI models by forming different har