The Korea Institute of Machinery and Materials (KIMM) announced on June 10 that a KIMM research team discussed cooperative efforts with the Ulaanbaatar City’s public transportation authorities and Mongolian University of Science and Technology to apply KIMM's particulate matter reduction technol
8 Rivers Capital, a U.S. company that received investment from SK Materials, was named as one of the finalists in a carbon removal technology contest organized by Tesla CEO Elon Musk.According to foreign media outlets on April 24, the Elon Musk Foundation selected 15 teams that advanced to the final
The author is an analyst of NH Investment & Securities. He can be reached at soohong.cho@nhqv.com. -- Ed. Although macro uncertainties remain, expectations exist for Hyundai Wia to enjoy both a stabilization of machinery business and benefits from recovering production at HMG companies in 2H22. In a
LG Electronics has suspended product shipments to Russia amid maritime logistics disruptions caused by Russia’s invasion of Ukraine and worsening macroeconomic conditions in Russia, such as the sharp depreciation of the Russian ruble, due to international sanctions against Russia.The company announc
The Korean Confederation of Trade Unions has asked president-elect Yoon Suk-yeol to pursue national integration throughout his presidency.“The president-elect did not have any talks with the labor and civic communities and his labor policies are still unclear,” it said, adding, “Recently, he showed
The author is an analyst of NH Investment & Securities. He can be reached at sw.kang@nhqv.com. -- Ed. The depletion of US households’ savings buffer is driving a large-scale increase in labor supply. At the same time, the pace of wage growth has slowed, with real wage growth likely having declined f
A researcher of the Korea Institute of Machinery and Materials (KIMM) has developed a system that can convert condensable particulate matter found in white smoke plumes, mainly generated from thermal power plants and waste incinerators, into liquid. Despite the fact that the condensable particulate
The Korea Fair Trade Commission imposed a fine of 20.204 billion won on Mercedes-Benz Korea and Mercedes Benz Aktiengesellschaft with regard to diesel vehicle exhaust gas manipulation and related advertising from August 2013 to December 2016.“The two companies installed exhaust gas manipulation soft
The author is an analyst of NH Investment & Securities. He can be reached at ys.jung@nhqv.com -- Ed. Jeju Air continues to exhaust liquidity amid slow demand recovery. In light of the chances of additional capital expansion within 2022, we lower our TP on Jeju Air from W24,000 to W18,000. Pre-condit
LG Electronics will demonstrate the viability of a washing machine that does not produce wastewater and exhaust gas emissions.The Sandbox Support Center of the Korea Chamber of Commerce and Industry and the Ministry of Trade, Industry and Energy announced on Dec. 30 that six companies, including LG
The Ministry of Environment announced on Nov. 3 that Mercedes-Benz Korea (four models) and Stellantis Korea (two models) illegally manipulated emissions for a total of 4,754 diesel vehicles sold in Korea. The ministry plans to file a criminal complaint against the automakers with the prosecution and
Starbucks' employees have announced a truck rally on Oct. 6 to protest their heavy workload.They discussed how to hold the rally through Blind, a community app for salaried workers. The rally is intended to call for an improvement in working conditions and treatment.The employees are considering
Daewoo Shipbuilding & Marine Engineering (DSME) has won an order for four liquefied natural gas (LNG) carriers from an Asian client. The deal, worth 990 billion won, helped the shipbuilder attain its annual order goal, the first time in seven years.The ships ordered this time are 174,000-cubic-meter
The Korea Fair Trade Commission reached a conclusion on Sept. 9 that Mercedes-Benz Korea may have violated the Fair Labeling and Advertising Act in selling cars with exhaust gas data manipulated. The commission sent its report to that effect to the company and decided to handle the issue at its gene
The author is an analyst of NH Investment & Securities. He can be reached at jack.baek@nhqv.com. -- Ed. Amid a bicycle industry boom, Samchuly logged a 1Q21 earnings surprise. Most of the company’s flagship brands are enjoying y-y sales growth of over 100%, its product ASP is up over 20% y-y, and it
Hyundai Motor Co. has begun to discontinue the Kona EV. The automaker has reportedly decided to stop producing the Kona EV in Korea. However, it will continue to sell the electric vehicle (EV) overseas as it is still in demand in North America and Europe."We are no longer producing Kona EVs," a Hyun
LG Electronics has decided to provide free smartphone operating system (OS) upgrading services for up to three years after its exit from the smartphone business. It will provide after-sale services for four years from their manufacture dates.LG Electronics announced a customer support plan on April
With the launch of its first all-electric vehicle IONIQ 5 slated for this month, Hyundai Motor Co. is facing disruptions in the supply of driving motors for the model. Furthermore, the government’s electric vehicle (EV) subsidies are being exhausted rapidly.According to the Ministry of Environment
With the global auto industry suffering from a shortage of automotive semiconductors, Hyundai Motor Co. and Kia Corp. may suffer production disruptions in April.Hyundai Motor and Kia currently have two to six weeks of semiconductor inventory for vehicles. They could suffer production disruptions whe