Hyundai Motor Group is expected to commercialize a robot that automatically recharges an electric vehicle when it stops in a designated area.On March 21, Hyundai Motor Group released a demonstration video of an automatic electric vehicle charging robot. It is a one-armed robot that picks up the cabl
Hankook Tire announced that it will continue to be the exclusive tire supplier of high-performance tires to BMW Driving Center operated by German premium car maker BMW Group Korea, for the ninth consecutive year.Since the opening of the BMW Driving Center in 2014, Hankook Tire has established itself
The author is an analyst of NH Investment & Securities. He can be reached at minjae.lee@nhgv.com -- Ed.A hydrogen production project using nuclear power plants has begun in the US. Also, X-energy is strengthening cooperation with Dow.EU energy market for third week of MarchOver Mar 12~18, the EU’s p
Reporters asked Vice Chairman Han Jong-hee of Samsung Electronics when the company will take over Rainbow Robotics and others after the Bespoke Life Media Day Event at Marsil Community House in Seoul on March 21. “I cannot reveal target company names, their business areas, or the timing of such deal
Samsung Electronics is paying keen attention to the impact of phone-based payment service Apple Pay on the simple payment market following its launch in Korea. This is because the Apple iPhone’s share may grow in the Korean smartphone market as Apple Pay will compete with Samsung Pay, which has appe
HD Hyundai has entered the AI business by securing a stake in the Korean subsidiary of Palantir, which provides public sector AI services to U.S. intelligence agencies and the military.According to sources in the Korean business community on Dec. 21, HD Hyundai secured a 25.1 percent stake in Palant
POSCO International has identified carbon capture and storage (CCS) as a future growth driver and started to seriously develop the business. To this end, in February the company launched a CCS Business Promotion Team under its Energy Business Division to speed up its CCS business.The reason behind P
Korea Western Power announced on March 21 that it has been selected as the preferred bidder for the 500 MW Manah Solar Power Project in Oman ordered by the Oman Power & Water Procurement Company (OPWP).The project is to build a 1,000 MW solar power plant in the city of Mana in Dakhiliya, 170 kilomet
The Korea Investment Corporation (KIC) announced that it owned 137,853 First Republic Bank (FRB) shares as of the end of last year. The shareholding was 266,983 at the end of September last year. The National Pension Service (NPS) owned 252,427 FRB shares at the end of last year.According to industr
The Financial Supervisory Service announced on March 21 that 35 foreign bank branches in South Korea recorded a net profit of 1.5 trillion won (US$1.1 billion) last year, up 40 percent from a year ago.“Their profit related to derivatives increased a lot with regard to exchange and interest rate move
The U.S. government is relaxing regulations related to Chinese photovoltaic products. This is because both new and existing projects in the United States have been affected by a rapid decrease in the supply of those products from China, which accounts for 80 percent of the global total production.At
It has been pointed out that more than 60 percent of South Korean auto parts manufacturers are not prepared for the future car era, more than 60 percent of the manufacturers that are prepared are currently in the red, and more than half of those in the red are predicting that the loss will last for
Foreign workers’ excessive demands and threats are increasing at small companies, which are already suffering from a manpower shortage.In principle, a foreign worker in South Korea can move to another company only when his or her employer goes out of business, he or she is not paid on payday, his or
The author is an analyst of NH Investment & Securities. He can be reached at dongyang.kim@nhqv.com -- Ed.ESG investment fund inflows have stagnated, reflecting weakness in the stock market. Ahead of the implementation of the Inflation Reduction Act (IRA) in the US, the EU has also announced various
The author is an analyst of NH Investment & Securities. He can be reached at jaekwang.rhee@nhqv.com -- Ed.The increase in metal demand over the past 20 years has been driven by China’s industrialization and urbanization. The protagonist of this period was definitely steel, with demand for it upping
Hankook Tire & Technology (Hankook Tire) announced today that its affiliated tire distribution brand, JAX Tyres & Auto, has been awarded ‘Customer Experience of the Year’ at The Australian Retailer Awards 2023. This event selects and awards excellent brands that have provided the best customer exper
The warning light has come on for the export front of Korean defense companies. The North Atlantic Treaty Organization (NATO) and British Commonwealth Forces seem to be leaning towards German defense companies. Some observers even say that it will be quite difficult for the Korean defense industry t
Neubility (CEO Sang-min Lee), an autonomous robot services company, announced today that it has received a 3 billion won investment from Samsung Venture Investment.With this investment, it has achieved about 30 billion won in total cumulative investments, while establishing a bridgehead for its glob
The ABB FIA Formula E World Championship returns from its short four-week break with another premiere. After debuts in Mexico, India and South Africa, Brazil will now host the fully-electric racing series for the first time on 25th March. The drivers and the Hankook iON Race, the new standard Formul
The Korean automobile industry saw a new high in export volume after just two months. Exports of eco-friendly cars crossed US$2 billion for the first time. Its total car and parts exports topped US$7.6 billion, rising to the No. 1 spot among Korea’s export items.According to the automobile industry