OCI Holdings is anticipated to enjoy long-term benefits resulting from the United States’ intensified sanctions on China’s polysilicon. There are only three non-Chinese polysilicon manufacturers globally, and OCI Holdings is one of them in Korea.According to sources in the solar energy industry on S
South Korea and Japan are set to resume their regular financial supervision meetings, or shuttle meetings, that had been suspended since 2017. Financial Services Commission (FSC) Chairman Kim Joo-hyun plans to visit Japan in early October to discuss expanding financial exchanges. This development co
In the field of fabless, which specializes in designing semiconductor chips, it has been revealed that the competitiveness of domestic companies is lagging behind not only the United States and Taiwan but also China. While the global revenue share of domestic fabless companies remains in the 1 perce
Kia’s flagship model, the EV9, is struggling in the domestic market just three months after its launch.According to industry sources on Sept. 7, Kia announced on Sept. 1 that during the recent period it sold 408 units of the EV9 in the domestic market, a decline of over 67% compared to July. In its
On Sept. 7, SK hynix addressed reports that its semiconductors have been found in China’s Huawei mobile phones, which are subject to U.S. sanctions. The company stated, “We have not had any dealings with Huawei,” and are looking into the circumstances of the situation.Bloomberg reported on Sept. 7 t
The author is an analyst for Shinhan Securities. He can be reached at jinmyung.lee93@shinhan.com -- Ed.Market correction nearing an endHyosung TNC shares enjoyed a rally early this year on hopes for China’s economic reopening and robust earnings, but pared all their gains during the steep correction
Hanwha Group Vice Chairman Kim Dong-kwan, who orchestrates Hanwha’s solar power business and projects, has succeeded in securing a polysilicon supply chain in the North American market. Experts regard this as the final piece of the puzzle for the completion of the Solar Hub Project, the largest sola
In response to the United States’ semiconductor sanctions, China’s “Semiconductor Self-Reliance” strategy is gradually coming to the surface. Given the immediate challenge of countering U.S. sanctions, China is discreetly pouring substantial funds into attracting overseas semiconductor talent. Furth
According to the Federation of Korean Industries (FKI) on Sept. 6, Chairman Ryu Jin, who took office as the 39th chairman, reaffirmed friendly relations by sending congratulatory letters to over 40 partner organizations in major countries and international institutions worldwide. He also proposed th
The market for cutting-edge “semiconductor packaging” technology is heating up. As semiconductor manufacturing processes become more advanced, both domestic and international companies are fiercely competing to dominate the packaging market.According to a report on Sept. 6 by global market research
A significant trend among global automakers is the incorporation of China-made lithium iron phosphate (LFP) batteries, known for their affordability. With the growing market share of LFP batteries, concerns are rising about a potential crisis for the “top 3 South Korean battery manufacturers.” Howev
China is devising strategies to bypass the United States in both semiconductor and electric vehicle (EV) battery sectors. As the Joe Biden administration seeks to exclude China through the Inflation Reduction Act (IRA), Chinese companies are entering full-fledged efforts to neutralize the U.S. block
As of the end of August this year, South Korea’s foreign exchange reserves were recorded at US$418.3 billion. This marks a decrease of US$3.5 billion compared to the previous month.On Sept. 5, the Bank of Korea announced the size of foreign exchange reserves and attributed the decrease to primarily
South Korean shipbuilding orders appear to have fallen significantly behind rival China.According to Clarkson Research, a U.K.-based shipbuilding and maritime analysis institute, global ship orders last month stood at 2.05 million CGT (Compensated Gross Tonnage, 71 ships), a 30% decrease compared to
The author is an analyst for NH Investment & Securities. She can be reached at hzl.lee@nhqv.com -- Ed.With the resumption of Chinese group tours to Korea, we anticipate a rapid recovery in indicators, led by mass visitors. Particularly positive is the return of customers who have been absent for a l
The author is an analyst for Shinhan Securities. He can be reached at hpark@shinhan.com -- Ed.Investment point 1: Domestic earnings driven by inbound touristsInbound visitors to Korea rose to 960,000 in July, reaching 66% of the 1.45mn level seen in July 2019 with triple-digit growth continuing ever
Hyundai Motor Company is leading the electrification trend in the automotive industry in Indonesia, the world’s fourth-most-populous country and the world’s top nickel producer.According to the Association of Indonesia Automotive Industries (GAIKINDO) on Friday, Hyundai sold 3,913 electric vehicles
Exports of cathode materials, one of the core materials for electric vehicle batteries, are surging. But experts have pointed out that much of the money that Korean companies make by exporting them ends up going to China as they import core raw material compounds such as lithium and precursors to ma
The reality of a shortage in semiconductor talent has the industry on alert. Samsung Electronics is making efforts by having executives visit universities to meet future semiconductor talents and is also providing scholarships abroad to secure local talent. Taiwan’s TSMC, a foundry, is facing concer
Despite frozen consumer sentiment in the global market, Samsung Electronics has retained its top position in smartphone market share for Q2. Despite facing a tough challenge from Apple, which plans to release its iPhone 15 series this month, there are expectations that Apple’s product launch might n