DL E&C has won a chemical plant construction project in Russia. The Korean contractor will be in charge of designing and procuring equipment for a polymer factory in the Ust-Luga region, about 110 km southwest of St. Petersburg. The contract value is 1.6 trillion won.The project involves building th
The Bank of Korea announced on Dec. 29 that South Korea’s import value index was 159.29 last month, up 42.8 percent from a year ago and the highest since records began in January 1988. The index rose for 12 months in a row after having risen 39 percent year on year in October. The reference point an
Hyundai Engineering has completed the construction of a US$2.62 billion gas-to-liquid (GTL) plant in Uzbekistan.The company announced on Dec. 28 that it held a ceremony to mark the completion of Uzbekistan GTL with the attendance of Uzbek President Shavkat Mirziyoyev, Uzbek Prime Minister Abdulla Ar
EOFlow Co., a Korean pharmaceutical company specializing in wearable drug delivery solutions, announced on Dec. 28 that its wholly owned U.S. subsidiary, EOFlow Inc. has signed an agreement to establish a joint venture in the U.S. with the U.K. biotech firm Zihipp Limited, a spin-off from Imperial C
LG Display will unveil new solutions for daily lives based on bending organic light emitting diode (OLED) displays at the world’s largest IT and home electronics show to be held early next year.LG Display announced on Dec. 23 that it will unveil Virtual Ride and Media Chair, which are flexible OLED
The author is an analyst of NH Investment & Securities. She can be reached at hzl.lee@nhqv.com. -- Ed. Thanks to the strengthening bargaining power of K-content, the media/entertainment industry has entered a re-rating phase. In 2022, Studio Dragon should enjoy: 1) captive drama slots; and 2) earnin
The Ministry of Trade, Industry and Energy announced on Dec. 7 that a comprehensive roadmap will be prepared and pilot demonstration projects will be initiated next year with regard to hydrogen- and ammonia-based power generation.In this regard, the KEPCO Research Institute is planning to install hy
Hyundai Engineering announced on Nov. 30 that it has won a super-large gas plant construction project worth about 2 trillion won from Saudi Arabia’s state-run oil company Aramco.On hand at the signing ceremony in Saudi Arabia were Kim Chang-hak, president of Hyundai Engineering, and Abdulkarim A. Al
The government’s Hydrogen Economy Committee, chaired by the prime minister, announced its first basic plan for a transition to the hydrogen economy on Nov. 26, charting a new direction for the domestic hydrogen industry. Now, Korean companies are expected to start investing in hydrogen in earnest. T
Samsung Electronics announced on Nov. 30 that it has introduced three of its latest automotive chip solutions: the Exynos Auto T5123 for 5G connectivity, the Exynos Auto V7 for comprehensive in-vehicle infotainment (IVI) systems, and the ASIL-B certified S2VPS01 power management IC (PMIC) for the Au
Toyota sold no electric, hydrogen, LPG and gasoline vehicles at all in South Korea last year, when it sold 14,168 hybrid and plug-in hybrid electric vehicles in South Korea and its low-pollution car supply rate calculated by the South Korean government was 43.7 percent. The figure is the highest of
The authors are analysts of NH Investment & Securities. They can be reached at minjae.lee@nhqv.com and ys.jung@nhqv.com, respectively. -- Ed. Currently relying mainly upon fossil fuel, KEPCO is converting over from fossil fuels to renewable energy to help achieve carbon neutrality. By 2030, KEPCO pl
Samsung Electronics and SK Hynix ramped up their market shares in the NAND flash market in the third quarter of 2021.Samsung Electronics’ NAND flash sales in the third quarter of 2021 rose 16.5 percent from last quarter to reach US$6.51 billion. Sales growth was driven by increased demand from the s
Hanwha Solutions announced on Nov. 24 that it has signed a contract to invest US$100 million in Lancium Technologies in Houston, Texas. Through this investment, Hanwha Solutions will secure a seat on the board of directors of the U.S. startup, which specializes in data center power management.Lanciu
The author is an analyst of NH Investment & Securities. He can be reached at jack.baek@nhqv.com. -- Ed. Relative to competitors, SJ Group boasts outstanding margins thanks to both its policy of focusing on department stores while avoiding discount sales and its minimization of advertising expense. B
Korea Hydro & Nuclear Power (KHNP) held a meeting on Nov. 23 regarding new nuclear power plant construction projects in the Czech Republic and Poland. The meeting was attended by the consortium members including KEPCO E&C, KEPCO Nuclear Fuel, KPS, Doosan Heavy Industries & Construction and Daewoo En
Samsung Electronics announced on Nov. 24 that it would build a new semiconductor manufacturing facility in Taylor, Texas. The estimated US$17 billion investment in the United States is intended to boost production of advanced logic semiconductor solutions that power next-generation innovations and t
The author is a freelance journalist and Google News PR specialist. She can be reached at virginia.sagal.media@gmail.com. -- Ed. The South Korean government, led by liberal President Moon Jae-in, announced in July 2021 a new K-Deal that looks to invest more than 160 trillion won ($138 billion) in di
Samsung Electronics vice chairman Lee Jae-yong, who is on a business trip to the United States, met with senior White House officials and U.S. Congressmen to discuss semiconductor supply chain issues.In addition, Lee met with executives of Microsoft (MS) and Amazon to discuss cooperation in such fie
The author is an analyst of NH Investment & Securities. She can be reached at mj27@nhqv.com. -- Ed. In the domestic cosmetics market, concerns over intensifying competition and consumption slump in China are mounting. Jitters related to China stem from the resurgence of Covid-19, a real estate marke