The European Patent Office announced on March 28 that South Korean enterprises’ patent applications in Europe increased 10 percent to 10,367 last year. The number topped 10,000 for the first time and the rate of increase was second only to that of Chinese enterprises (15.1 percent).U.S. enterprises’
The top six South Korean defense companies’ order backlog topped 82 trillion won (US$63 billion) in December last year. It increased 48 percent in 2022 alone with the war in Ukraine still going on.Last year, the order backlog of Hanwha Group subsidiaries in the industry more than doubled to 25.5 tri
The U.S. Department of the Treasury is about to release detailed rules of the Inflation Reduction Act. Attention is focusing on EV and EV-battery-related incentive criteria.According to the act, a tax credit of US$3,750 is provided for an EV battery with a ratio of components manufactured in North A
The Korea International Trade Association said on March 28 that South Korea’s trade deficit with China totaled US$5.0731 billion in January and February this year.Five years ago, South Korea recorded its largest trade surplus with none other than China. However, its trade surplus with China dropped
The author is an analyst of NH Investment & Securities. He can be reached at dongyang.kim@nhqv.com -- Ed.Marshalling profits from its E&P division, LXI is actively continuing in its transition towards eco-friendly businesses. Uncertainties over the NPS’s exclusion of coal projects from its investmen
The author is an analyst of NH Investment & Securities. She can be reached at jiyoony@nhqv.com -- Ed.Chinese travel to Korea is now reopening after six years of being hampered by Chinese government restrictions and the Covid-19 crisis. Accordingly, the cosmetics industry is excellently situated to e
The author is an analyst of NH Investment & Securities. He can be reached at bk@nhqv.com -- Ed. Concerns continue to linger over global banks. Some market participants are worried that the banking crisis triggered by small/mid-sized banks in the US will spread to wreak havoc on other major industrie
A race to dominate the global panel market for organic light-emitting diode (OLED) panels is rapidly reshaping into a three-runner race with Korea in the front, China in the middle and Japan in the back. The three are spaced far apart.Korea is enjoying the dominance of the OLED panel market but has
The U.S. government has demanded that companies applying for investment subsidies under the Chips Act submit Excel files containing formulas for calculating profitability including expected cash flows. This has thrown Korean chipmakers into consternation.They are calling these detailed guidelines fo
On March 20, Boryung (formerly Boryung Pharmaceutical) and Axiom Space signed an agreement to establish a joint venture (JV) to promote various projects in Low Earth Orbit (LEO). The two parties embarked on detailed discussions to develop the JV in May. Through the JV, Boryung and Axiom Space will j
Just six months since launching the GlucoMen Day PUMP, a blood sugar control solution, in Europe, EOFlow is facing sales suspension of the product. Insulet, the No. 1 insulin pump company in Germany, has been granted a preliminary injunction related to a patent in Germany, halting local sales of the
A pessimistic forecast was made that Samsung Electronics, which has maintained its No. 1 position in the operating profit rankings, will fall to fifth place due to deteriorating business conditions in the global semiconductor industry, and SK Hynix will record a loss. On the other hand, Hyundai Moto
SK ecoplant has succeeded in developing a new fuel cell-based uninterruptible power supply technology that stably supplies power in emergencies such as power outages.SK ecoplant announced on March 27 that it obtained a patent on a fuel cell-linked uninterruptible power supply (UPS) with Ewha Technol
In 2022, six out of the top 10 battery makers for electric vehicles were Chinese companies. In particular, China’s CATL, which ranked first, chalked up a market share of nearly 40 percent based on shipments.Battery sales by electric vehicle battery makers last year reached 690 gigawatt hours (GWh),
What a spectacle in São Paulo – New Zealand’s Mitch Evans (Jaguar TCS Racing) won the sixth Formula E race of the year at the end of a highly dramatic race that featured some thrilling scraps and many changes of position. The winner was embroiled in a fiercely-contested battle with his compatriot Ni
On March 27, LG Display announced that it would borrow 1 trillion won (US$771 million) from LG Electronics to sharpen its OLED business competitiveness and preemptively secure operating funds. The borrowing period is three years, from March 30 2023 to March 30, 2026. Its interest rate is 6.06 percen
Samsung Electronics will set up semiconductor contract departments to be run as integrated bachelor’s and master’s courses at three science and technology institutes outside the Seoul metropolitan area. The plan aims to strengthen human resource ecosystems at the national level and contribute to the
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