Global battery companies are closely watching Europe’s growing energy storage system (ESS) market. As demand for renewable energy generation has surged due to the Russia-Ukraine war, demand for ESSs to store electric power has also grown considerably.Korean companies such as LG Energy Solution have
Leading global corporations from South Korea including Samsung, SK, Hyundai Motor, and LG have set up local offices around Capitol Hill and are strengthening communications with the U.S. government and Congress by recruiting high-ranking former U.S. bureaucrats and other influential figures.Last yea
Since the full implementation of China’s Hallyu (Korean Wave) Ban in 2016, it has been revealed that a total of 46 Chinese subsidiaries of South Korean corporations have been sold or liquidated. The total revenue scale of these companies is approaching 20 trillion won.On July 5, CEO Score, a corpora
The four major conglomerates - Samsung, SK, Hyundai Motor, and LG - have virtually returned to the Federation of Korean Industries (FKI). The return isn’t in the form of re-enlistment, but rather through the transfer of membership from affiliated research institutions.According to industry insiders
With regard to batteries, the mood is changing in Europe, which has been pushing for battery self-sufficiency to lower its dependence on Korea for batteries. With the proliferation of startup battery companies in Europe, demand for battery materials is expected to surge there. Faced with technologic
India has previously been heavily dependent on Russian arms. But now the nation has emerged as a new export destination for the Korean defense industry.According to industry sources on July 4, Hanwha Aerospace plans to participate in the Indian Army’s Future Infantry Combat Vehicle (FICV) Project. T
Samsung Electronics’ 83-inch OLED TV model will hit the market soon, signaling the beginning of an OLED TV alliance between Samsung Electronics and LG Display.According to industry sources on July 3, Samsung Electronics added an 83-inch OLED 4K TV (KQ83SC90AEXKR) to its OLED TV lineup in the July/Au
Hyundai Motors is equipping its luxury brand Genesis with LG Display’s Organic Light Emitting Diodes (OLED) display. As Hyundai Motor Group partners with LG Group, evaluations suggest that the “Korean Future Car Alliance” is becoming more robust.According to the automobile industry on July 3, Genesi
Competition between Samsung, LG, and Sony is intensifying over the development of Micro Organic Light Emitting Diodes (OLEDs). The relevant market is forecast to grow rapidly as Apple adopts Micro OLED for the display of its Mixed Reality (MR) headset.According to the display industry on July 3, App
LX Semicon, a fabless company under LX Group, a conglomerate which was previously part of the LG group, is currently considering delegating the production of next-generation display driver ICs (DDIs) to the Samsung Electronics Foundry semiconductor contract manufacturing division. The collaboration
Samsung SDI plans to unveil a prototype of a “dream battery,” also known as an all-solid-state battery, in the second half of this year.Samsung SDI President Choi Yoon-ho, at the company's 53rd anniversary ceremony held at its Giheung headquarters in Gyeonggi Province on June 29, revealed, “The
LG Electronics has set a goal to become a global leader in the automotive electronics business by 2030, as it is entering a steady phase of profitability.According to the electronics industry and securities firms on June 29, this year’s performance of LG Electronics’ VS business division is projecte
At MWC Shanghai 2023, Huawei launched 5GigaGreen innovations for wireless communications to promote ultimate network performance and energy saving with global operators.Gan Bin, Vice President and Chief Marketing Officer of Huawei Wireless Network Product Line, stated that ultimate performance and e
The author is an analyst for NH Investment & Securities. He can be reached at minwoo.ju@nhqv.com -- Ed.Although near-term earnings growth at LGES is taking a quick pause due to inventory adjustments following sluggish sales at some customers, deferred demand is expected to emerge in 3Q23 in line wit
The author is an analyst for NH Investment & Securities. He can be reached at minjae.lee@nhqv.com -- Ed.The US and Eastern European countries are shaping up cooperation related to NPPs. They are planning both to expand large NPPs and install SMRs—it is expected that large NPPs will be contracted fir
With the enforcement of the European version of the Chips Act, and TSMC and Intel’s large-scale investment lineup continuing, the European Union (EU) has actively wooed domestic semiconductor companies that are hesitant about entering Europe. The focus is now on EU Internal Market Commissioner Thier
LG held a two-day venture networking event in Silicon Valley starting on June 26, which involved global startups and venture capitals, to secure future growth engines by expanding the startup innovation ecosystem.This event was the first hosted by LG Technology Ventures, LG’s corporate venture capit
Huawei has shown up in full force for MWC Shanghai 2023, with their activities all falling under their theme of "GUIDE to the Intelligent World". This year, the company's activities include an experiential tour that takes audiences to multiple cities to learn about their technology and business,
At the opening day of MWC Shanghai 2023 today, Sabrina Meng, Huawei's Rotating Chairwoman and CFO, gave a keynote outlining the value that 5G has generated throughout its first four years of commercial use.“5G is already well on its way to driving business success,” said Meng. “It's transfor
After 17 years at the top of the TV market, Samsung Electronics is now feeling a growing sense of crisis. This is because Chinese companies have been in hot pursuit of the Korean TV giant by waging a price war.Global TV shipments reached 46.63 million units in the second quarter of this year, up 7.5