The author is an analyst for KB Securities. He can be reached at jeff.kim@kbfg.com -- Ed.Maintain BUY, TP of KRW170,000We maintain BUY and TP of KRW170,000 for LG Electronics (LGE), as: (1) Home Appliance & Air Solution (H&A) should post all-time high OP for 2023E (KRW2.3tn; +100% YoY) amid decreasi
Apple took the wraps off Apple’s Vision Pro, a mixed reality (MR) device that performs both virtual reality (VR) and augmented reality (AR) functions on June 5. Since then, the new device has been receiving rave reviews.What has driven the Vision Pro’s popularity is its organic light-emitting diode
LG has stepped forward to support the bid for the “2030 Busan World Expo” at various locations in Paris, France, where the 172nd General Assembly of the Bureau International des Expositions is being held.Starting from June 15 local time, LG is set to run advertisements supporting the bid for the 203
Samsung Electronics, Korea’s largest company with 120,000 full-time employees, will implement a four-day workweek once a month. As more and more companies are already implementing it or pushing for its introduction, it remains to be seen if this partial four-day workweek system will spread across th
The European Union (EU), the world’s second-largest electric vehicle market, will require the recycling of key battery materials such as lithium and cobalt by as early as 2031. The idea is to prevent environmental pollution caused by discarded batteries.The European Parliament passed the Sustainable
Following the Korean Supreme Court’s decision to reduce the liability of the Hyundai and SsangYong labor unions for damages from illegal strikes, business leaders and experts said it will become increasingly difficult to build a mutually balanced labor-management relationship.On June 15, the Supreme
Some media outlets reported that the U.S. government has approved Gotion High Tech to build a cathode and anode plant to supply lithium iron phosphate (LFP) batteries in the United States. Gotion is one of China’s top four battery makers.On June 14, Fox News reported that the Committee on Foreign In
Samsung Electronics and LG Electronics are going all out in their assault on the In-Vehicle Infotainment (IVI) market. Samsung is leveraging its semiconductor prowess in partnership with Hyundai Motor, while LG is bolstering its technology by investing in research and development (R&D).According to
Individual investors, colloquially known as “retail investors,” who had invested in anticipation of a boost from China's economic reopening, are now showing disappointment. The impact of China's reopening has not been as good as expected, casting a shadow on the outlook, with Sino-Korean rel
Global automotive companies are speeding up the process of battery internalization. Batteries account for about 30-40% of the cost of electric vehicles (EVs), making them a key component. If they are successfully developed in-house, significant price competitiveness can be achieved.According to indu
The author is an analyst for Shinhan Securities. She can be reached at hpark@shinhan.com -- Ed.Large-caps see weak demand during China’s 618 event, rising cost issuesLarge-cap Korean cosmetics companies appear to be seeing a limited upturn in earnings in 2Q23. Cosmetics exports to China and Hong Kon
Since 1992, LG Energy Solution has been the pioneering domestic enterprise in secondary battery research, continuously cultivating its innovative capacity.LG Energy Solution operates Research & Development (R&D) centers in Korea, China, the U.S., and Europe. Over the past decade, the company has pou
LG is set to establish a new department to address global supply chain issues and other global policies.According to industry sources on June 12, LG is planning to establish a “Global Strategy Center” under the LG Business Development Institute as part of organizational restructuring next month.This
Korean companies are putting front and center premium TVs that offer special experiences in addition to delivering strong performance in order to maintain their position as the traditional powerhouses in the global TV market. This move is being made as Chinese TV makers have been waging a price war
Apple’s next-generation extended reality (XR) device, the Vision Pro, is emerging as a new growth driver for the Korean display industry, but Sony landed the order for highly lucrative high-cost internal displays for the device.The production cost of the Vision Pro is about US$1,519 while its retail
As the electric vehicle market surges, the electric vehicle (EV) charging market is also expanding. Major corporations are entering the EV charging market, emerging as core new businesses.It is difficult to find a large domestic company that is not involved in the EV charging business nowadays. Apar
Telechips, a domestic fabless semiconductor design firm, has designed an In-Vehicle Infotainment (IVI) system chip manufactured by Samsung Electronics, which has been confirmed to be installed in Hyundai Motor's premium Genesis brand.According to the industry on June 11, the Dolphin+ system-on-c
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