Thomas Ingenlath, CEO of Polestar and a designer by profession, made a surprise announcement at the Polestar Day event held in Los Angeles, California, on Nov. 9 (local time). He revealed plans to produce the Polestar 4, a coupe-style Sports Utility Vehicle (SUV), in South Korea.On Nov. 16, the auto
Pernod Ricard Korea, the Korean affiliate of the global wine and spirits company Pernod Ricard, announced on November 9 that it has been recertified by the Ministry of Culture, Sports and Tourism and the Arts Council Korea as an ‘Exemplary institution sponsoring culture and arts.This certification p
FILA announced on Nov. 9 the launch of its 2023 winter season Milano Down Collection with global brand ambassador and actress Han So-hee, who features in the collection’s global campaign video released on the same day.The Milano Down Collection of jackets and outerwear by FILA has been incredibly su
ULTRA Korea will return in 2024 to celebrate its 10th anniversary, taking place at Paradise City in Incheon, South Korea on Friday, June 7 - Sunday, June 9, 2024.The announcement comes on the heels of news of the festival’s new 3-year home at Paradise City - the expansive entertainment concept venue
The operating profit of Hyundai Motor Group’s 11 listed companies in the third quarter of this year increased by more than double compared to the same period last year.According to the Financial Supervisory Service’s electronic disclosure system on Nov. 1, the 11 listed companies within Hyundai Moto
Industrial production, consumption, and investment increased altogether in Korea in October. It was the first time in four months since May that all three indicators of industrial activities were positive. A strong recovery in the semiconductor industry drove the growth of Korea’s overall industrial
During President Yoon Seok-yeol’s state visit to Saudi Arabia, a total of 46 memoranda of understanding (MOUs) and contracts were signed at the 2023 Korea-Saudi Investment Forum. This signifies a boost in economic cooperation between the two nations across various industries, including electric vehi
The author is an analyst for NH Investment & Securities. He can be reached at jaemin.ahn@nhqv.com -- Ed.Wemade’s 3Q23 bottom line should show a turn to the black on a royalties contract for Mir 2 & 3 in China. We anticipate solid future OP, forseeing annual W100bn in additional royalty income over t
Hyundai Motor and Toyota, two major players that have been struggling in the world’s largest automobile market, China, are taking different paths. Hyundai Motor has recently considered outsourcing local car brand production as it played its “sell Chinese factories” card. On the other hand, Toyota ha
FILA has announced today the launch of the ‘Motorcore Collection’ with global brand ambassador Han So-hee. With a heritage spanning over a century, FILA continues to partner with Han So-hee, while tapping into the brand’s rich history in sport.The ‘Motorcore Collection’ by FILA takes inspiration fro
The author is an analyst for NH Investment & Securities. He can be reached at jooyh@nhqv.com -- Ed.Although high-base burden remains a factor, overall sector earnings for 3Q23 should show improvement versus 1H23. We see many positives to look forward to as end-year approaches, including the resumpti
Samsung Electronics and LG Electronics are pumping up their efforts to promote their gaming monitors among gamers of the e-sports League of Legends (LoL) scene.LoL is the world’s most popular game with nearly 200 million monthly active users. There are continental leagues such as League of Legends C
Korea’s industrial production, which had shrunken due to a slump in the semiconductor industry, made a comeback as semiconductor production rebounded.According to Statistics Korea on Oct. 4, the nation’s semiconductor production surged 13.4 percent month on month in August, the largest increase in f
Smart sustainable cities need to ensure that vulnerable populations are not left behind in the drive for technological progress, international child protection and sustainable development expert Joanna Rubinstein said Tuesday.Addressing a gathering of international mayors of the World Smart Sustaina
Hyundai Motor India Limited (HMIL), India’s first smart mobility solutions provider and largest exporter since inception, today announced the launch of its motorsport inspired performance-driven premium hatchback, the new Hyundai i20 N Line. The new Hyundai i20 N Line is an exceptional hatchback sta
Hyundai Mobis announced on Sept. 19 that it has developed MPS 1.0 Premium, which improves the performance of its next-generation parking control system (MPS) developed for the first time in the world in 2021.This technology’s signature feature is Memory Parking Assist (MPA). When a driver executes p
Actress Han Sohee, who has gained full support not only in Korea but also abroad for her unique style and renowned filmography with box office records, has become the new face of the global sports brand FILA.FILA has announced Han Sohee as its new global brand ambassador starting from September 12th
Kia’s flagship model, the EV9, is struggling in the domestic market just three months after its launch.According to industry sources on Sept. 7, Kia announced on Sept. 1 that during the recent period it sold 408 units of the EV9 in the domestic market, a decline of over 67% compared to July. In its
Hanwha Ocean has emblazoned the Hanwha logo on the world’s largest Goliath crane. This marks the conclusion of the three-month-long corporate identity (CI) integration work at Hanwha Ocean’s Geoje business site, the Seoul Namdaemun office, and the Siheung R&D campus.The Geoje business site of Hanwha
Korean materials companies are considering launching research about LFP cathode materials, but this is the first time they have officially announced that.EcoPro BM and POSCO Future M started developing LFP cathode materials in earnest from the second quarter of this year, according to their semi-ann