South Korean cosmetics have gained popularity not only in neighboring Japan and China but also in North America and Europe, soaring in global demand. Factors contributing to this surge include the relative affordability of these products, outstanding quality, the global popularity of K-pop, and enha
According to a recent survey, South Korean companies, which have secured the top position in major industry products and service sectors worldwide, have now risen to the third spot along with Japanese companies in terms of global market share.In its 2022 self-conducted survey of market share in 63 m
POSCO International has laid the foundation for stably securing graphite, a raw material for anode materials for secondary batteries in Africa. In response to the U.S. Inflation Reduction Act (IRA), the company is accelerating its move to reduce its dependence on China in its battery supply chain.PO
Korean battery materials companies are expediting the development of cathode materials for low-cost lithium iron phosphate (LFP) batteries with a market dominated by China.According to industry sources on Sept. 3, Korean battery makers are targeting volume production of cathode materials for LFP bat
Samsung Electronics paid a total of 1.9521 trillion won to Chinese companies in the first half of this year to purchase liquid crystal display (LCD) panels for TVs and monitors, according to the Financial Supervisory Service’s electronic disclosure system on Sept. 2.Most of these panels were produce
SK ecoplant, an environment and energy firm, has secured a contract to provide solid oxide fuel cells (SOEC) to a data center power supply system under construction in Singapore by GDS, China’s largest data center development and operation company.On September 4, SK ecoplant announced its contract w
Germany, once considered the growth engine of Europe, is mired in an economic slump. The International Monetary Fund (IMF) has projected that Germany will experience negative growth of 0.3 percent this year, making it the only G7 country among the seven major economies to undergo a contraction. The
In August, exports outperformed expectations, surpassing seasonal factors such as summer vacations. The year-on-year decline in exports narrowed to single digits, and the decline in semiconductor exports to China also moderated compared to the previous month.According to the Ministry of Trade, Indus
The author is an analyst for NH Investment & Securities. He can be reached at jack.baek@nhqv.com -- Ed.Binggrae has drawn market attention as it delivered an earnings surprise for 2Q23, energized by a widening export sales portion. Margins are to continue improving in 3Q23 on solid ice cream exports
The Biden administration, which is weaponizing semiconductor exports as a diplomatic tool, has set its sights on a new location other than China: the Middle East, a region known for its close ties with China. They’ve abruptly imposed controls on the export of AI-specific semiconductors to the Middle
The Korean Institute for Industrial Economics & Trade (KIET) revealed in its report titled “Global Non-Memory Semiconductor Market Landscape and Policy Implications” on Sept. 3 that last year Korea’s market share in the global non-memory semiconductor sector was a mere 3.3%, which is only one-third
A TV war has heated up between two Korean home appliance giants – Samsung Electronics and LG Electronics – at IFA 2023, Europe’s largest consumer electronics and information technology show. While the two Korean TV giants are leading the premium TV market with their strong technological competitiven
KT announced on Aug. 31 that it will be hosting a conference with the Global System for Mobile Communications Association (GSMA) named Mobile 360 Asia Pacific (M360 APAC) at the Westin Chosun Hotel in central Seoul Sept. 7-8.The M360, held continentally, witnesses participation from over 1,000 major
On Aug. 31, Huawei Korea announced the signing of a memorandum of understanding (MOU) the day before with Dankook University to promote domestic ICT development and talent nurturing.Through this agreement, Huawei Korea will provide Dankook University students with hands-on technical training and lec
Korea Easy Payment Foundation, the official operator of ZeroPay, announced the introduction of Alipay+ global cross-border digital payments and marketing solutions at over 1.7 million merchants across South Korea, in a move to further ensure a smooth and convenient experience for Asian tourists.Star
Chinese lithium iron phosphate (LFP) batteries will be brought to Korea in large numbers. As electric buses and electric scooters that use LFP batteries have penetrated the Korean market, major automakers are also expanding the volume of Chinese-made LFP batteries for electric vehicles. The problem
SK IE Technology (hereinafter referred to as “SKIET”) has established a global-level advanced information security system. The company plans to use this as a leverage to enhance information security reliability for its client companies and to acquire new clients as well.SKIET announced that it has o
Despite the waning of the “king dollar” phenomenon that prevailed last year, the currencies of three East Asian countries – South Korea, China, and Japan – have not managed to break free from their weakened positions. Notably, the Korean won appears to be weaker compared to the Japanese yen and the
It was reported that production, consumption, and investment had all decreased in July. This simultaneous decline in the three major indicators of industrial activity, which together showcase the vitality of the South Korean economy, is the first since January. Additionally, facility investment reco
SK Group has embarked on the sale of its stake in Londian Wason, the parent company of the world’s largest copper foil manufacturer Wason. This move comes approximately four years after its initial investment in 2019 and if successful it is expected to realize profits of around 1 trillion won (US$75