Daewoong Pharmaceutical announced on Aug. 20 that due to the global expansion of its self-developed botulinum toxin treatment “Nabota” and newly developed drugs such as Fexuclue and Envlo, its overseas exports have grown by more than 200% in the past two years.Exports, which stood at 448 billion won
Korea Development Bank (KDB), which has been pushing for the merger of Korean Air and Asiana Airlines, has started reviewing alternatives such as the sale to a third party, assuming the failure of the merger process. This move is interpreted as the initiation of “Plan B” after the merger between the
Hanwha Ocean is accelerating its management normalization, succeeding in its first contract since its establishment following its selection as the primary negotiator for a special naval ship.According to industry sources on Aug. 2, Hanwha Ocean signed its first shipbuilding contract with an Asian cl
HD Hyundai, which has an unrivaled presence in the world marine engine market, has further strengthened its position with the acquisition of STX Heavy Industries. This acquisition has enabled HD Hyundai to solidify its competitive advantage over Hanwha Ocean in the global marine engine market, exper
The market capitalization of conglomerate subsidiaries listed on the KOSPI has shown a sharp increase of approximately 350 trillion won (US$271.21 billion) compared to the beginning of the year. Particularly, 17 companies affiliated with Samsung Group recorded the largest increase, with their combin
The author is an analyst for NH Investment & Securities. He can be reached at pk.park@nhqv.com -- Ed.Hanmi Pharm delivered consolidated 2Q23 OP of W33.2bn, slightly below consensus, affected by: 1) the reflection of a major portion of R&D expenses; and 2) a temporary drop in the portion of merchandi
Hanwha Aerospace has achieved the remarkable feat of supplying 129 Redback armored vehicles to the Australian Army.Hanwha Aerospace announced on July 27 that its Redback armored vehicle has been selected as the preferred model of Infantry Fighting Vehicle (IFV) in the “Land 400 Phase 3 Project,” whi
The market capitalizations of the 10 largest Korean conglomerates have reached 40 trillion won in a month and a half, according to securities information firm FnGuide.According to FnGuide on July 25, market caps swelled by 3.05 percent to 1,341.2603 trillion won (US$1.0533658 trillion) as of the clo
Korea Development Bank (KDB) is set to start the process of selling its controlling stake in HMM, a deal that is anticipated to be one of the largest M&A transactions in the market, possibly worth up to 5 trillion won.KDB Bank announced on July 20 that they have issued a public competitive bid for t
Korean Trade, Industry and Energy Minister Lee Chang-yang asked the government of Turkmenistan, the world’s fourth-largest natural gas producer, to support Korean companies in winning plant projects. The projects are worth US$2.5 billion (about 3.2 trillion won).Turkmenistan’s natural gas reserves a
Daewoo E&C announced on July 17 that the economic delegation from Turkmenistan, including the deputy prime minister, the president of the Foreign Economic Bank, and the chairman of Turkmenhimiya, visited the Daewoo E&C headquarters in Euljiro during their visit to Korea on July 16 for a meeting with
The author is an analyst for NH Investment & Securities. He can be reached at pk.park@nhqv.com -- Ed.Dental implant exports logged a new monthly high in June, with record-high exports continuing to major countries thanks to China’s VBP effects and Russia’s recovery. In addition, monthly exports of a
Hanwha Ocean (formerly Daewoo Shipbuilding & Marine Engineering) has outperformed its competitor HD Hyundai Heavy Industries in the naval vessel order competition for the first time since joining the Hanwha Group.According to the shipbuilding industry on July 14, the Defense Acquisition Program Admi
A labor union comprised of shipyard workers at Samsung Heavy Industries held a launch ceremony on July 13, signaling the start of its full-scale activities.“We declare that we are dignified laborers who are members of a labor union,” a Samsung Heavy Industries labor union official said at the union’
Daewoong Pharmaceutical announced on July 13 that its self-developed botulinum toxin product Nabota (known as Jeuveau in the U.S.), has seen over 600,000 customers register for its local loyalty program, Evolus Rewards, in the United States, with 96% of them opting for retreatment.Evolus Rewards is
GC Biopharma’s and SK plasma’s entries into Indonesia will accelerate this year. GC Biopharma is expected to finalize all procedures within this year after receiving approval for business rights related to the construction of a blood product factory and a technology transfer from the Indonesian gove
Korean President Yoon Suk-yeol’s upcoming visit to Poland has raised expectations that Korean companies will be able to gain an edge in the second phase of Poland’s nuclear power plant project if the two countries strengthen cooperation in the field of green energy.After failing to win the first pha
The Ministry of Trade, Industry and Energy (MOTIE) plans to form a “One Team” with major corporations including SK and GS Energy to drive the small modular reactor (SMR) industry. They aim to establish concrete measures for the revitalization of the SMR industry within this year.According to MOTIE o
Korean shipbuilding giants HD Hyundai Heavy Industries (HHI) and Hanwha Ocean will compete for an order worth 800 billion won for new-generation frigates. The shipbuilder that wins the order is expected to gain an advantage in bidding for major follow-up warship projects such as the Korea Destroyer
Daewoo Engineering, as part of a Korea-Vietnam economic delegation, signed a comprehensive cooperation MOU on renewable energy with Vietnamese construction development investment company Truong Thanh Development and Construction Investment Joint Stock Company (TTA), in Hanoi, Vietnam on June 23.The