Last year, three out of four foreign recipients of unemployment benefits were Chinese nationals, including those of Korean descent, according to a recent survey. Over the past five years, the total unemployment benefits received amounted to 266 billion won (US$199.70 million), which was 784 billion
EOFlow, the developer of the wearable insulin pump EOPATCH, has become embroiled in an intellectual property infringement lawsuit in the United States.EOFlow announced on Aug. 9 that Insulet Corporation, a U.S.-based company specializing in the development of wearable insulin pumps, has filed a laws
Samsung Electronics once again recorded a significant deficit of 4 trillion won (US$3.12 billion) in its semiconductor (DS) division for the second quarter of this year. Consequently, the company has decided to implement additional cutbacks in DRAM and NAND semiconductor production during the second
The life expectancy of South Koreans was 83.6 years, the second longest among member nations of the Organization for Economic Cooperation and Development (OECD). Life expectancy is the number of years a child born in a given year is expected to live. On the other hand, the nation had the highest sui
Korean Minister of Land, Infrastructure, and Transport Won Hee-ryong met with Saudi Arabia’s Neom Company CEO Nadmi Al-Nasr for the second time, following a meeting in Saudi Arabia in November 2022, in an effort to help major Korean companies win large construction orders for Neom City.According to
LG unveiled EXAONE 2.0, a super-sized artificial intelligence (AI) service that can be used to develop new materials, new substances, and new drugs, among other things.The LG AI Research Center unveiled EXAONE 2.0 at the LG AI Talk Concert 2023 at the LG Science Park Convergence Hall in Magok, Seoul
It has been pointed out that the prices of carbon credits that companies with excessive greenhouse gas emissions must purchase have dropped significantly, making the system less effective. In other countries, such as the European Union (EU), their prices are on the uptick due to the strengthening of
U.S. chipmakers including Intel, Qualcomm, and Nvidia have reacted to U.S. President Joe Biden’s anti-China semiconductor export control policy. They have begun to speak about the news that the Biden administration is preparing additional semiconductor export control measures amid the escalating con
NextStar Energy, a joint venture between LG Energy Solution and American-European automaker Stellantis, has finally agreed with the Canadian Government on a battery subsidy of 15 trillion won. The two companies have been at odds over the battery subsidy issue, going as far as threatening to suspend
Last month, the scale of South Korea’s exports to China ranked fourth among China’s trading partners. The downturn in exports to China resulted in a two-rank drop within a year.According to an analysis by the Korea Economic Research Institute (KERI) under the Federation of Korean Industries on June
Recently, the won-dollar exchange rate has fluctuated the most among major currency exchange rates. This sharp change in the value of the won has been blamed on Korea’s trade deficit.According to the Bank of Korea (BOK)’s June Monetary and Credit Policy Report, the rate of changes in the won’s excha
Samsung Electronics is set to supply Hyundai Motors with its Exynos Auto V920, an application processor (AP) which serves as the “brain” of the vehicle. This semiconductor handles the real-time operating information of the vehicle and processes high-definition videos and games that can be enjoyed wi
Korea’s stock market gained the fifth most among the Group of 20 (G20) in May. This growth was driven by strong stock prices of semiconductor companies.According to the Korea Exchange on June 4, the KOSPI rose 3.02 percent in the month of May. The KOSPI, which closed at 2501.53 on the last trading d
Korea’s exports, the backbone of the Korean economy, contracted for the eighth month in a row and its trade deficit marked its 15-month streak. Although its trade deficit has slowed down somewhat, the Korean economy is showing a recessionary pattern due to a steep decline in imports rather than an i
Following China, the United States has also cut back on Korean semiconductor imports.Korean semiconductor exports to the United States fell 68.6 percent year on year in April, according to a report on the characteristics and implications of Korea’s semiconductor demand structure released by the Bank
The author is an analyst for NH Investment & Securities. He can be reached at jiyoony@nhqv.com -- Ed.The Nature Holdings’ OP for 1Q23 came in sluggish due to both a higher COGS-to-sales ratio and greater labor costs for advertising and new brands. But, the overseas sales portion for NG has been on a
The national competitiveness ranking of Korea, invited to the Group of Seven (G7) Summit scheduled from May 19 to 21 in Hiroshima, Japan, has emerged as the sixth in the world, demonstrating a level comparable to G7 nations.On May 17, the Federation of Korean Industries (FKI) announced the findings
The author is an analyst for NH Investment & Securities. She can be reached at hzl.lee@nhqv.com -- Ed.We raise our TP on JYP Ent to W140,000 (from W110,000), reflecting not only higher-than-expected sales growth for albums and concerts, but also hefty additional sales (MD, IP licensing) alongside gl
Hyundai Motor Group sold more than twice as many electric vehicles (EVs) in Europe as in the United States in Q1 of this year.Hyundai sold 15,945 EVs and Kia sold 18,886 EVs in Europe in the first quarter of this year, according to Hyundai’s and Kia's corporate materials released on May 7. The f
The author is an analyst for NH Investment & Securities. She can be reached at hzl.lee@nhqv.com -- Ed.HYBE posted a 1Q23 earnings surprise, reaffirming that its multi-label system enhanced earnings strengths. We raise our TP to W370,000 in consideration of platform monetization and the expected entr