The stock price of SK IE Technology (SKIET) has soared. As the details of the US Inflation Reduction Act (IRA) came out, investor sentiment is responding positively to separator manufacturers that have became able to compete for market shares.On April 4th, SKIET’s stock price in the KOSPI market clo
NeuroBo Pharmaceuticals, a subsidiary of Dong-A ST, announced on April 4 that it has filed a second phase U.S. Investigational New Drug (IND) application with the U.S. Food and Drug Administration (FDA) to develop DA-1241 for the treatment of non-alcoholic steatohepatitis (NASH).The clinical trial w
Dong Suh Foods has decided to recall some of its Maxim Mocha Gold Coffee Mixes due to the possibility that silicon-based materials were mixed in during the production process.Some of eight different types of its products, including the 600 gram Maxim Mocha Gold Coffee Mix, may have contained a subst
Samsung Display will invest 4.1 trillion won (US$3.1 billion) for three years in Asan, South Chungcheong Province, to maintain a super-wide gap with its followers in the display industry. The company plans to retake the lead in the display industry that it lost to China by significantly boosting its
The Korean Confederation of Trade Unions and the Federation of Korean Trade Unions held a press conference on April 4 and demanded an hourly minimum wage of 12,000 won for next year.The demand is 24.7 percent higher than this year’s minimum wage (9,620 won per hour). The umbrella unions mentioned th
The Ministry of SMEs and Startups announced on April 4 that it would invest 675 billion won (US$515 million) for the next five years so that the number of globally competitive small companies can reach 150 in the nuclear power industry.“The budget investment until 2027 includes 150 billion won [US$1
The Nikkei reported on April 4 that a total of 9,862 patents were valid as of the end of last year in the field of innovative battery development for EV and renewable energy. “China owned 5,486 out of the total, followed by Japan (1,192), the United States (719), South Korea (595), and France (128),
The popularity of inexpensive cars is rising in South Korea. For instance, KG Mobility sold 6,601 units of the Torres SUV last month, up 19.8 percent from the previous month. Thanks to the SUV, the company sold a total of 8,862 cars last month, setting a new sales record in 28 months. The price of t
The Financial Supervisory Service (FSS) uncovered abnormal foreign currency remittances of more than 16 trillion won (US$12.2 billion) last year. The FSS is planning to sanction a total of 13 involved financial companies, including the top five commercial banks. The penalties are likely to include p
The idea of turning the G7 into the G8 by including South Korea is emerging. The presidents of the United States and South Korea are expected to discuss the matter at their summit scheduled for April 26.The Federation of Korean Industries and the U.S. Center for Strategic and International Studies c
The author is an analyst of NH Investment & Securities. He can be reached at ys.jung@nhqv.com -- Ed.From mid-March, large airlines have begun to expand flight operations to China. The Korean and Chinese governments are working to normalize international routes and ease respective entry restrictions.
A Seoul National University research team has succeeded in 100 charges and discharges of an all-solid-state battery with a silicon wafer as a negative electrode.In general, lithium-ion rechargeable batteries for use in EVs use liquid electrolytes and thus are prone to fire and explosion. By contrast
Financial Supervisory Service chief Lee Bok-hyun said on April 3 that the current temporary short selling ban in the South Korean stock market will be lifted only after financial uncertainties related to interest rates and other factors are gone.On March 29, he said at a Bloomberg interview that he
HD Hyundai Infracore held a ceremony in honor of starting “HX12 Hydrogen Combustion Engine No. 1” in the First Research Building of its headquarters in Incheon on March 29. The HX12 Hydrogen Combustion Engine is the first hydrogen combustion engine that produces zero carbon emissions while using exi
Hyundai Rotem has completed preparations for main contract negotiations for the Polish K2 tank (K2PL). It has also decided to promote production of the K2 tank in Poland.Hyundai Rotem announced on April 3 that it signed a consortium (K2PL Consortium) implementation agreement on a K2 tank production
Samsung Electronics will re-load the Exynos, an application processor (AP) designed by Samsung Electronics, into its Galaxy smartphone series. This plan aims to dial up Samsung Electronics’ share in the smartphone AP market and reduce the production cost of Galaxy products.According to industry sour
SK Hynix will raise funds by issuing exchangeable bonds (EBs) worth US$1.5 billion (approximately 1.974 trillion won) in the Singaporean market.SK Hynix announced on March 3 that it will issue EBs with a seven-year maturity and interest rates of 1.25 to 1.75 percent. The proceeds from the EB issuanc
Doosan Corp. announced on April 3 that it has signed a joint development agreement (JDA) with US polymer materials manufacturer Ionic Materials to develop high-functional advanced materials using liquid crystal polymers (LCPs).LCPs are a polymer that exhibits liquid crystalline properties in a liqui
The author is an analyst of NH Investment & Securities. He can be reached at hwdoh@nhqv.com -- Ed.SK Hynix’s earnings slump is expected to continue through 2Q23 due to deteriorating memory market conditions. From 3Q23, however, a rebound in memory supply/demand should begin in earnest, spurred by in
The author is an analyst of NH Investment & Securities. He can be reached at minjae.lee@nhqv.com -- Ed.A domestic electricity rate hike that had been expected to be implemented from 2Q23 has been temporarily postponed. We now expect 2024 OP to be limited to W1.6tn (versus our Mar 29 report estimate