The Korea Institute for Industrial Economics and Trade said in its report on March 27 that the global defense and arms procurement budgets are estimated to increase by US$2 trillion and US$600 billion from 2023 to 2032, respectively.“Another arms race is ongoing across the world after the outbreak o
It has been three years since COVID-19 collapsed the KOSPI. During the recovery for the past three years, the ratio of foreign investors has decreased, that of individuals has increased, and the proportion of semiconductor stocks as leading stocks has decreased.The ratio of Samsung Electronics and S
South Korea, China, and Japan are accelerating the growth and development of their pharmaceutical and biotech industries. South Korea’s third five-year national plan to that end was announced on March 24 and China’s first long-term national plan in the sector was announced in May last year.Japan’s p
The Korea Automotive Technology Institute said in its report on March 27 that the South Korean EV industry may be affected if the EV quick charging standards of Japan and China enter emerging markets. At present, the standard in the United States, South Korea, and Europe is the Combined Charging Sys
HiteJinro announced on March 27 that its soju exports hit an all-time high of US$120 million last year with a year-on-year increase of 16.4 percent.The company initiated its soju globalization in 2016 and its soju exports have increased since then. For the last five years, the exports showed an aver
Bloomberg reported on March 26 that South Korea’s investment in semiconductor equipment is expected to increase 41.5 percent to US$21 billion next year and that of China in that period is forecast to increase 2 percent to US$16.6 billion.According to the report, this is because of the United States’
CJ CheilJedang’s CJ Bioscience announced on March 27 that it has signed an agreement to acquire promising drug candidates and platform technologies from 4D Pharma, a UK- and Ireland-based microbiome company.The newly introduced drug candidates total nine, targeting solid cancer, digestive diseases,
KT announced on March 27 that quantum internet technology was approved as an international standardization project in a meeting of the Study Group 13 (SG 13) of the International Telecommunication Union (ITU)’s Telecommunications Standardization Sector (ITU-T) held in Geneva, Switzerland from March
The author is an analyst of NH Investment & Securities. He can be reached at kyuha.lee@nhqv.com -- Ed.With overall IT device demand in China proving stronger than expected, it appears that the MLCC industry has entered a full-fledged recovery phase, backed by growing demand for automotive electronic
The author is an analyst of NH Investment & Securities. He can be reached at jack.baek@nhqv.com -- Ed.Insun ENT’s OP tumbled y-y in 2022, dragged down by weak earnings at its high-margin landfill business. This year, however, its earnings should improve in line with Younghung Industry Environment’s
The author is an analyst of NH Investment & Securities. He can be reached at sw.kang@nhqv.com -- Ed.The financial authorities continue to point towards follow-up measures in response to the current banking issues. Depositors are unlikely to feel secure with promises of conditional safety. Money is m
Samsung Electronics Chairman Lee Jae-yong visited China for the first time in three years. Specifically, he visited Tianjin, which is home to Samsung Group’s electronics affiliates, to check their local business operations. Tianjin has a Samsung Electro-Mechanics multilayer ceramic capacitor (MLCC)
Nvidia, TSMC, Synopsys and ASML have agreed to cooperate for the development of 2 nm chip technology.Taiwan’s TSMC is speeding up the development of 2 nm or more advanced technology for a state-of-the-art foundry process in tandem with Nvidia, Synopsys, and ASML, according to foreign media outlets o
Hyundai Motor Company’s investment in U.S. self-driving company Motional has suffered losses of nearly 1.5 trillion won over the past three years. Due to the nature of the new business of autonomous driving, it is difficult to expect immediate profits, but the scale of the losses is so large that th
SK On’s and Ford’s U.S. joint battery project is proceeding without a hitch. Some analysts suspected that the two companies have not been getting along due to a failure to set up a European joint venture, but rather they further solidified their relationship with this discord rumor as an opportunity
Doosan Bobcat announced on March 24 that it participated in ProMat 2023, a logistics exhibition that ran in Chicago in the state of Illinois in the United States from March 20 to 23.Five of the nine products on display were Bobcat forklifts with both Doosan and Bobcat logos hanging side by side on t
Hyosung Advanced Materials is ramping up its sales volume by supplying various tire cords as the electric vehicle market has been steadily growing.In 2022, the global sales of electric vehicles increased by 71.8 percent year on year to 8.2 million units. This accounted for 10 percent of total global
SK Plasma announced on March 24 that SK Plasma CEO Kim Seung-joo signed a joint declaration to build and operate a blood products plant in Indonesia at an event attended by Korean Minister of Health and Welfare Cho Kyu-hong and Indonesian Health Minister Budi Gunadi Sadikin in honor of the 50th anni
Leaders in the global semiconductor equipment and component industry are expanding their production and R&D bases in South Korea.For example, Applied Materials is considering setting up an R&D center in Yongin, which is home to Samsung Electronics and SK Hynix plants and an R&D center of Lam Researc
MSC and Maersk recently announced that they would end their alliance in January 2025. In addition, the Ocean Alliance’s contract is scheduled to end in 2027. The current global market share of the MSC and Maersk alliance is 40 percent and that of the Ocean Alliance is 35 percent.Each of Maersk and M