Fairtrade Korea proudly participated in the highly anticipated 41st edition of Seoul Food, held at KINTEX in Goyang, Gyeonggi-do, from May 30 to June 2, 2023. The event, hosted by the Korea Trade-Investment Promotion Agency (KOTRA), witnessed a significant increase in awareness among domestic compan
LG Magna ePowertrain, an electric vehicle parts joint venture between LG Electronics and Canada’s Magna International, will establish a European production base.According to an industry report on May 8, LG Magna passed a resolution to approve a European production site strategy in a board meeting in
China’s secondary battery industry is rapidly ramping up its share of the global battery market, threatening the world’s No. 1 company LG Energy Solution. In the first four months of 2023, the share gap between LG Energy Solution and China’s CATL narrowed to the 1 percent range.According to energy m
Apple’s unveiling of Vision Pro, a mixed reality (MR) device, has put microdisplays in the limelight. Microdisplays are a key component for headsets. Moreover, the luxury headset’s display accounts for about half of the total cost of US$3,499 (about 4.5 million won), so interest is growing in whethe
Samsung Electronics and LG Display are expected to establish a visible “OLED alliance.”Through this alliance, Samsung Electronics can quickly settle in the emerging OLED TV market, and LG Display is expected to secure the number one spot in the TV industry as a new customer and improve its performan
Japan is pushing to build a global supply chain alliance to take the initiative in the secondary battery industry by 2030. It laid out an ambitious plan to become the center of secondary battery development and production in partnership with the United States, the European Union and the world’s majo
The stock price of SK innovation has recovered to the 200,000 won (US$152.89) range in the Korean stock market. Even in a bull market for secondary batteries at the beginning of this year, burdens from its subsidiary SK on impeded the rise of SK innovation’s stock price. However, as parent company S
On June 7, LG Energy Solution announced it had signed a Joint Development Agreement (JDA) and strategic investment contract with the Australian battery materials and equipment company Novonix Limited. Synthetic graphite, a crucial component of battery anodes, will be jointly developed under this agr
The LG Group is speeding up the expansion of its ecosystem with external specialized companies to seize the field of artificial intelligence (AI) semiconductors. The move back into the semiconductor business by the LG Group, which completely withdrew from the field in 1999, is garnering attention.On
On June 7, LG CNS announced that it recently signed a business agreement with Honeywell, a U.S.-based company, to enhance the competitiveness of its smart factory business.Through this agreement, LG CNS intends to expand its collaboration on constructing smart factories both domestically and oversea
The June 18 Shopping Festival in China is approaching, but Korean cosmetic products continue to suffer sluggish sales there. This is because cosmetics consumption in China has not fully recovered and polarization has been strengthening in cosmetics shopping between choosing budget Chinese brands or
Korean companies are stepping up their efforts to reduce their dependence on China for key battery minerals. Their independence on China stands at more than 80 percent. They are strengthening their raw material supply chains by partnering with Australian and U.S. companies.Korea’s dependence on Chin
While the usage of batteries by electric vehicles registered in the global market has increased year on year this year, the three major Korean battery makers has posted decreases in their market shares.According to SNE Research, a market research firm specializing in energy, the total usage of batte
Korean industry is experiencing the phenomenon of an exit from China and sluggish exports. While it is positive for corporate Korea to diversify export destinations, it is negative for it to post a drop in exports. Even amid a U.S.-China conflict, voices are being raised to call for attempts to prom
Unlike recent high-profile visits of major U.S. CEOs to Beijing and Shanghai such as Elon Musk of Tesla and Jamie Dimon of JP Morgan Chase, those of major Korean companies with strategic production bases in China have been keeping a low profile. Even if they visit China, they seem to be refraining f
The registration system for foreign investors, which was an essential procedure for investing in listed securities in Korea, will be abolished. The foreign investor registration system required personal registration with the Financial Supervisory Service and issuance of a foreigner ID before a secur
According to the Mirae Asset Securities Research Center on June 4, the order backlog of three Korean battery makers -- LG Energy Solutions, SK On, and Samsung SDI -- is expected to exceed 1 trillion won (US$765 million) at the end of the third quarter of 2023. Their order backlog has been growing st
The author is an analyst for NH Investment & Securities. He can be reached at minjae.lee@nhqv.com -- Ed.For June, we change our recommended plays to Doosan Enerbility and KEPCO, drawing attention to both expectations for large-scale NPP projects and improved profitability (thanks to a progressive ra
POSCO FUTURE M and General Motors (GM) are set to expand their joint investment in North American battery materials and strengthen their supply chain collaboration. Both companies announced on June 2 that they would undertake a second phase of investment to increase the production capacity of Ultium
Americans prefer the Samsung brand over Apple, according to a survey. Samsung ranked 7th among the brands loved by Americans, while Apple came in at 10th.On May 31, CNBC cited the results of the “2023 Axios Harris Poll” on the top 100 brands loved by Americans.In the survey released by Axios on May