India has previously been heavily dependent on Russian arms. But now the nation has emerged as a new export destination for the Korean defense industry.According to industry sources on July 4, Hanwha Aerospace plans to participate in the Indian Army’s Future Infantry Combat Vehicle (FICV) Project. T
According to Samsung Biologics and related disclosures on July 4, Samsung Biologics has signed contracts with Pfizer worth approximately 1.177 trillion won. Notably, the new contract of about 920 billion won is the largest single contract ever.First, the size of the order contract announced in March
It has been 30 years since Korea began hiring foreign workers in earnest with the introduction of the Industrial Trainee System in 1993, which was replaced by the employment permit system in 2004. But chaos is still lingering in the field.According to small and medium-sized enterprises (SMEs) on Jul
The five major Korea-based automakers (Hyundai Motor, Kia Corp., KG Mobility, Renault Korea Motors, and GM Korea) enjoyed increases in their sales volume in June, thanks to a peak season.According to industry sources on July 3, the five carmakers sold a total of 133,803 units in the Korean market in
Country-specific lending limits at export credit agencies (ECAs) such as the Export-Import Bank of Korea (Korea Eximbank) and Korea Trade Insurance Corporation have emerged as a variable in finance for Korean defense exports. Korea exported 17 trillion won (US$17 billion) worth of defense goods to P
The author is an analyst for NH Investment & Securities. He can be reached at pk.park@nhqv.com -- Ed.Given the VBP policy implemented in Apr 2023, we caution against high expectations toward Dentium’s 2Q23 sales. But, with its Chinese market Q forecasted to climb by 50% in 2Q23, and with the VBP pri
Nine merger and acquisition (M&A) deals worth more than US$1 billion were made in the global pharmaceutical and bio industries in the first half of this year.According to the Korea Biotechnology Industry Organization (KBIO) on July 2, the global pharmaceutical and bio industries recorded nine M&A de
LX Semicon, a fabless company under LX Group, a conglomerate which was previously part of the LG group, is currently considering delegating the production of next-generation display driver ICs (DDIs) to the Samsung Electronics Foundry semiconductor contract manufacturing division. The collaboration
SK bioscience, an innovative vaccine and biotech company committed to promoting human health from prevention to cure, today announced positive results from its Phase II clinical trials in infants of its 21-valent pneumococcal conjugate vaccine candidate, ‘GBP410’ (also known as SP0202), evaluating i
On June 27, Korea Hydro & Nuclear Power (KHNP) signed a 260 billion won (US$197 million) contract with Romania’s SNN to build a tritium removal facility (TRF), marking the second instance of nuclear equipment export under the Yoon Suk-yeol administration. While the country’s nuclear power plant expo
As the Korean insurance industry’s performances have improved this year, shareholders have much anticipation for an increase in dividends but insurers are hesitant to specify their dividend policies. This is because the introduction of the new accounting standard, IFRS17, and the new employee benefi
Korean shipbuilding giants HD Hyundai Heavy Industries (HHI) and Hanwha Ocean will compete for an order worth 800 billion won for new-generation frigates. The shipbuilder that wins the order is expected to gain an advantage in bidding for major follow-up warship projects such as the Korea Destroyer
The author is an analyst for NH Investment & Securities. He can be reached at minjae.lee@nhqv.com -- Ed.The US and Eastern European countries are shaping up cooperation related to NPPs. They are planning both to expand large NPPs and install SMRs—it is expected that large NPPs will be contracted fir
As Ukraine's post-war recovery costs are estimated to reach a maximum of 1.4 quadrillion won, South Korea's steel, construction equipment, and energy industries are expected to benefit.On June 21, in a Ukraine Recovery Conference held in London, the U.K., Ukraine's Prime Minister Denys S
The Fair Trade Commission is reportedly conducting a survey on subcontract transactions targeting major game companies in Korea.According to the IT industry on June 28, the Fair Trade Commission recently started on-site investigations into major domestic game companies. In January, the Fair Trade Co
The author is an analyst for Shinhan Securities. He can be reached at wonyong.sim@shinhan.com -- Ed.Long-awaited major order intakeHana Technology disclosed on June 27 that it secured a KRW172.4bn order to provide battery cell assembly and formation turnkey solution by June 26, 2024. It is the large
According to the 2022 International Investment Balance Sheet by Region and Currency (Provisional) released by the Bank of Korea (BOK) on June 27, the balance of Korea’s external financial assets, excluding reserves, stood at US$1.7456 trillion at the end of last year. This represented a drop of US$1
Korea Hydro & Nuclear Power (KHNP) has inked a contract worth 260 billion won (US$199 million) to build a tritium removal facility (TRF) at a Romanian nuclear power plant. This is the second nuclear equipment export contract under the Yoon Suk-yeol administration following an order for the Eldaba Nu
The Chinese battery industry, which had been focused on attacking the European electric vehicle battery market led by Korea, is extending its reach to the energy storage system (ESS) market. They are partnering with their country’s strong solar power value chain to challenge the European household s
The author is an analyst for NH Investment & Securities. He can be reached at ys.jung@nhqv.com -- Ed.Bumhan Fuel Cell’s profitability has been sapped by delayed orders for domestic submarines and stiffer competition for hydrogen refueling stations. But, having localized fuel cells for submarines, it