The author is an analyst for NH Investment & Securities. He can be reached at bk@nhqv.com -- Ed.In 2023, an inflection point for the stock market was reached reflecting the differing stances taken by the Fed and market participants. Recently, the Fed has begun looking ahead toward lowering interest
Taihan Cable & Solution announced on Dec. 26 that it has secured an order for a 380 kilovolt (kV) high-voltage power grid project from Germany’s TenneT. The contract is valued at 60 billion won (US$46.28 million).The project involves the construction of a 380 kV underground cable network to expand t
SK ecoplant is positioning itself as a domestic powerhouse in offshore wind power, one of the most prominent eco-friendly energy business alongside the solar power business. SK ecoplant is jointly developing an offshore wind power ocean energy project. The project is to build floating and fixed offs
Recent reports indicate that the rear windows of Tesla’s mid-sized SUV, the “Model Y Rear-Wheel Drive (RWD),” are shattering. It is presumed that extreme cold weather, with perceived temperatures reaching as low as -26 degrees Celsius, is influencing this phenomenon.On Dec. 20, multiple community pl
Hyundai Mobis (KRX 012330) will unveil 20 production-ready mobility technologies at CES 2024. These include the ‘Innovative Display’ series, packed with high-value advanced technologies, and the high-power Integrated Charging Control Unit (ICCU), a critical future mobility technology, which are like
POSCO International is rapidly transforming into an eco-friendly comprehensive business company and a business platform provider.POSCO International announced on Dec. 19 that, in its first year since the merger with POSCO Energy, it has successfully established three major business value chains -- e
Park Jung-won, chairman of Doosan Group, will attend the world’s largest consumer electronics and IT trade show, CES 2024, to be held in Las Vegas, Nevada, in the U.S., from Jan. 9 to 12.According to Doosan Group on Dec. 17, Chairman Park, along with Vice Chairman Park Ji-won and other executives, w
Doosan Enerbility announced on Dec. 14 that a delegation led by Bandar Alkhorayef, the minister of industry and mineral resources of Saudi Arabia, visited its Changwon plant in South Gyeongsang Province.The visit on this day aims to inspect South Korean companies conducting business in the country a
SeAH Group is rapidly expanding its global offshore wind power business. It is expanding its presence in the European market as an offshore wind substructure supplier.SeAH Wind, an offshore wind substructure manufacturing subsidiary of SeAH Steel Holdings, announced on Dec. 14 that it has been award
Kolon Global announced on Dec. 13 that it signed a business agreement with Enercon, a leading German manufacturer of direct-drive wind turbines without gears, at Kolon Tower in Gwacheon, Gyeonggi Province, on Dec. 12. Enercon is recognized as one of the top three global wind power companies.Through
LS Group’s carbon free electricity (CFE) business is gaining momentum. The sub-subsidiary of LS Group, a company specializing in environmentally friendly core materials and components, has seen a sharp increase in its corporate value.According to the Korea Exchange on Dec. 13, LS Materials’ stock cl
Samsung C&T is joining hands with multinational corporations to participate in Oman’s large-scale green ammonia project.On Dec. 13, the construction division of Samsung C&T announced that it has formed a consortium with Japan’s Marubeni, Oman’s state-owned energy company OQ, and UAE’s Dutco, among o
Offshore plants, the main cause of the shipbuilding industry’s prolonged recession, are making a comeback. Demand for offshore plants is changing from oil to eco-friendly energy such as offshore wind power and liquefied natural gas (LNG). It is expected to become a new growth driver for Korean shipb
LS Cable & System announced on Dec. 7 that it has signed a main contract with TenneT Offshore GmbH, the German subsidiary of the Dutch state-run power grid operator TenneT, for the supply of 1.5 trillion won (US$1.14 billion) worth of high-voltage direct current (HVDC) cables.In May last year, four
LS Cable & System Asia has announced its rebranding to LS Eco Energy on Nov. 27, signaling its expansion into new business areas. This move reflects the company’s ambition to transition from its traditional focus on power and telecommunication cables to a broader scope, including submarine cables an
A race to host the 2030 World Expo is coming down to the wire. The Bureau International des Expositions (BIE) will hold a general assembly in Paris, France, on Nov. 28 (local time) to select the host country for the 2030 World Expo.Korea started its bid about one year later than its rivals such as S
Amid a two-quarter consecutive increase in global semiconductor company revenues, Nvidia and SK hynix have distinguished themselves, benefiting from the AI semiconductor windfall.According to market research firm Omdia on Nov. 22, the global semiconductor market size in the third quarter (July-Septe
The author is an analyst for NH Investment & Securities. He can be reached at jiyoony@nhqv.com -- Ed.In 3Q23, Youngone’s OEM division sales slowed down first time in 10 quarters. Given the industry-outpacing OEM sales clip over the past 2 years, short-term negative effects are inevitable. But, given
On Nov. 14, Hyundai Engineering & Construction (Hyundai E&C) signed a strategic memorandum of understanding (MOU) with Germany’s RWE Offshore Wind, a leading energy company, to jointly develop offshore wind power and green hydrogen projects. The signing ceremony at Hyundai E&C’s headquarters in Seou
Hyundai Engineering & Construction announced on Nov. 8 that it has signed a strategic business agreement with Korea Midland Power and the Korea Overseas Infrastructure & Urban Development Corporation (KIND) to jointly develop solar power generation projects in the United States.Through this agreemen