China's HiSense, the world's fourth-largest TV maker in terms of market share, infringed on LG Electronics' patents and eventually signed a license agreement with the Korean TV giant.LG Electronics and HiSense submitted the agreement between the two companies to the California District C
Chinese companies are about to catch up with South Korean companies in the global OLED industry. Last year, the former’s market share topped 10 percent for the first time with the government backing. What is going on in the industry is the same as what happened in the LCD industry three years ago.Th
Hyundai Glovis has joined hands with China's largest logistics company, Changjiu Logistics, to offer logistics services between China and Europe.The company announced on March 3 that it has signed an agreement to sell a 30 percent stake in Adampol, a Polish company owned by its European subsidia
The author is an analyst of NH Investment & Securities. He can be reached at ryan.ra@nhqv.com. – Ed. Dentium recorded a 4Q20 earnings surprise, backed by record-high quarterly sales in China and Russia. We believe that the Chinese implant market has entered a blossoming phase. This year, Dentium’s e
Aekyung Industrial, a life and beauty care company, announced on Jan. 26 that it signed a memorandum of understanding (MOU) with Proya Cosmetics, a Chinese cosmetics company, on Jan. 25.The pact will allow Aekyung to expand sales of its flagship cosmetics brand AGE 20's in China through offline
LG Chem has been chosen as the sole battery supplier for Tesla’s Model Y to be mass-produced in China in early 2021.Model Y is a fully electric, mid-size SUV, with seating for up to seven. It is the second model Tesla produces at its Giga Factory in Shanghai, China, following Model 3.Tesla adopted c
Chinese smartphone maker Vivo's X60, a 5G-capable mobile phone that will be released in the first quarter of 2021, will become the first smartphone to run on Samsung Electronics’ 5-nanometer mobile application processor (AP) Exynos1080."The new Vivo smartphone will use Samsung’s Exynos1080 produ
International credit rating agency S&P changed its South Korean economic growth estimate for this year from negative 1.5 percent to negative 0.9 percent on Sept. 24.The upward adjustment is based on its conclusion that China will lead an Asia-Pacific economic recovery and South Korea will be able to
South Korean display manufacturers’ business conditions are deteriorating due to cheap LCD and OLED products from China and the Huawei risk. At present, the South Korean display market is shrinking, the Chinese market is expanding at a rapid pace, and Huawei’s next-generation foldable phones are unl
In a 2018 report on the Chinese electric vehicle (EV) industry, the Korea Institute for Industrial Economics and Trade (KIET) said that although China could not beat advanced countries in internal combustion engine vehicles, it had an ambition to dominate the global EV market.The report said the Chi
SMIC, China's No, 1 foundry, is planning to increase more than double its facility investment for 2020 from the level forecast in January.SMIC announced at a recent earnings conference call that it will invest US$6.7 billion in facility investment in 2020. SMIC had initially estimated its facili
SsangYong Motor has signed a basic contract with Songuo Motors, a Chinese electric vehicle manufacturer, and Hyolim Precision, a Korean auto parts manufacturer, on knockdown sales of the Tivoli and platform technology cooperation.The three companies held a signing ceremony at SsangYong Motor's S
Mirae Asset Global Investments announced on May 4 that it sent a contract termination notice to Anbang Insurance on May 3, 2020 regarding the purchase of 15 U.S. hotels from the Chinese insurance company and at the same time requested the escrow agent to return the down payment. Mirae Asset Global I
SK Innovation will supply electric vehicle (EV) batteries to BAIC Group in China.SK Innovation has signed a contract to supply EV batteries with Arcfox, BAIC’s premium EV brand. SK Innovation’s batteries will be loaded onto the Mark 5, a sports utility vehicle (SUV) of Arcfox.BAIC Group is the world
Even the novel coronavirus outbreak could not dampen China's semiconductor ambitions. Initially, some analysts said that the lockdown of Wuhan in Hubei Province following the COVID-19 outbreak would cause a disruption in the Chinese government’s plan to foster the semiconductor industry as the c
The author is an analyst of NH Investment & Securities. He can be reached at will.byun@nhqv.com. -- Ed. Following its decision to freeze prices in March, China’s Baosteel has chosen to cut domestic prices in April. As of early-March, inventories look quite high for both the steel distribution market
OptimumNano Energy, the third largest electric vehicle (EV) battery supplier in China, has filed for bankruptcy and liquidation with a court in Shenzen, a Chinese media reported on Dec. 25.OptimumNano Energy’s bankruptcy may prompt a restructuring of the Chinese battery market. The Chinese governmen
As China, which consumes 40 billion packets of instant noodles or ramen a year, increases ramen imports from overseas, South Korea has been found to be the main beneficiary.According to a report released by the Korea Trade-Investment Promotion Agency (KOTRA) on Nov. 30, China’s ramen imports soared
Samsung Electronics has emerged as the No. 1 player in the global 5G telecom equipment market. According to Dell’Oro, a global market research firm, Samsung posted a market share of 37 percent from the fourth quarter of last year to the first quarter of this year. Huawei came in second with 28 perce
South Korea’s largest steelmaker POSCO, which promotes electric vehicle (EV) battery materials as its new growth engine, has completed the construction of its first overseas cathode material production plant in China.POSCO built the plant in Tongxiang city, Zhejiang Province, China, with its partner