Daewoo Engineering & Construction has secured a credit rating from Japan Credit Rating Agency (JCR), one of Japan’s major credit rating agencies, solidifying its position as a global construction firm while boosting its funding flexibility in financial markets across the Middle East, Singapore, and
After a failed sale left HMM without a new owner, the company has decided to significantly expand its fleet by 2030. This strategy aims to address the global economic slowdown, restructuring of shipping alliances, and tightening environmental regulations by increasing its size and strengthening busi
The NAND flash market, which experienced a significant contraction last year due to a slowdown in the Information Technology (IT) market, is poised for a sharp recovery this year, bolstered by increasing demand for Artificial Intelligence (AI).According to industry sources on April 15, TrendForce, a
Samsung Electronics’ newly launched “Galaxy S24 series” has enabled the company to reclaim its position as the global leader in the smartphone market in the first quarter of this year, overtaking Apple after two quarters.According to market research firm IDC on April 15, Samsung Electronics’ smartph
Samsung Electronics is set to establish an advanced semiconductor complex in Taylor, Texas, in the U.S. The plan includes building state-of-the-art foundries for 2-nanometer (nm) process production and advanced packaging facilities to preempt the artificial intelligence (AI) semiconductor market.On
Hanwha Aerospace rolled out its 10,000th military engine on April 15, achieving a major milestone for its indigenous development and manufacturing of aero engines.A ceremony was held at the Changwon Plant I to commemorate the rollout of the 10,000th aircraft engine, the F404 powering the TA-50 train
Anticipations are growing for the Korean shipbuilding industry’s entry into the U.S. warship maintenance, repair and overhaul (MRO) business as the U.S. Secretary of the Navy, who is in charge of the U.S. Navy’s weapons procurement and budget, has praised the capabilities of the Korean shipbuilding
HD Hyundai will develop an unmanned surface vessel (USV) with Palantir Technologies, a U.S. artificial intelligence-based data analysis company.USVs are autonomous surface vessels not piloted by humans. They are being recognized as a game changer for future naval warfare. It replaces existing manned
Partnerships to develop purpose-built vehicles (PBVs) to build an eco-friendly logistics system are growing between the automotive industry and logistics companies. This is due to rapidly increasing demand for electric trucks instead of diesel trucks in line with a global carbon neutrality initiativ
SK hynix’s stock price is approaching 200,000 won and continues its rally to a new high, with foreign investors’ share reaching a record high.According to the Korea Exchange on April 13, foreign investors’ share of SK hynix as of the previous day stood at 54.90 percent, marking the highest level on
Despite major property and casualty insurance companies lowering automobile insurance premiums for two consecutive years in April 2022 with a reduction ranging from 1.2 percent to 1.4 percent, and in February last year with a reduction ranging from 2.0 percent to 2.5 percent, they have recorded prof
Samsung Electro-Mechanics is expanding its footprint in the artificial intelligence (AI) market. Following the successful mass production of semiconductor package substrates for AI PCs, the company plans to also produce Flip Chip-Ball Grid Array (FC-BGA) for AI servers in the second half of the year
Earlier this month, the automotive electronics division of LG Electronics was fully deployed at Hyundai Motor Group's R&D heartland, the Namyang Research Institute in Hwaseong, Gyeonggi Province. This week, the management of LG Innotek is also scheduled to visit Hwaseong.According to industry source
The U.S. Department of Commerce’s Bureau of Industry and Security (BIS) escalated tensions in February by adding an additional six Chinese companies to its blacklist, following the earlier inclusion of eight companies. With these new additions, the Biden administration has now blacklisted a total of
Domestic sales and exports of electric vehicles plummeted in the first quarter of 2024, while sales of hybrid vehicles ballooned. The analysis is that hybrid vehicles, which are more fuel-efficient and environmentally friendly, are becoming a substitute as electric vehicles have fallen into a chasm
As Western Digital, the world’s third-largest NAND flash company, formalized a price hike for solid state drives (SSDs) and hard disk drives (HDDs) in the first half of the year, Samsung Electronics and SK hynix’s NAND business is expected to switch to the black in the first quarter of 2024.Western
The author is an analyst for Shinhan Securities. She can be reached at sunmi.kim@shinhan.com -- Ed.1Q24 OP to meet consensus in the absence of major one-offsSamsung E&A is expected to have registered sales of KRW2.5tr and operating profit of KRW197bn in 1Q24 in line with the market consensus. Sales
LS Eco Energy has recently supplied ultra-high-voltage cable to Denmark, the company announced on April 11.The supply consists of 220 kV underground cables worth US$13 million. These cables will be used to connect the North Sea’s “Thor Offshore Wind Farm” with the inland power network.Since 2017, LS
Celltrion announced on April 11 that “Zymfentra” (the U.S. brand name for Remsima), the world’s first subcutaneous formulation of infliximab for the treatment of autoimmune diseases developed in-house, has completed its formulation patent registration with the United States Patent and Trademark Offi
HD Hyundai Heavy Industries recently announced the signing of a technical memorandum of understanding (MOU) with global turbine company GE Aerospace for the development of an optimized propulsion system for export warships at the Sea Air Space 2024 exhibition in the United States on April 11.The agr