Nine out of 10 Korean manufacturers believe that overseas carbon neutrality policies such as those in the United States and Europe affect their business operations, a survey found.According to the Korea Chamber of Commerce and Industry (KCCI), which recently surveyed 300 Korean manufacturing compani
Hanwha Solutions Q CELLS Division is set to simultaneously launch a new series of solar modules, the Q.TRON G2, in Korea and Europe in February. Following its pioneering mass production of the globally dominant Passivated Emitter Rear Cell (PERC) cells and modules, Hanwha Q CELLS now becomes the fir
The South Korean battery industry, on the brink of achieving an annual export milestone of US$10 billion, has seen a slowdown in its growth momentum. This deceleration is attributed to a reduction in battery demand due to a slowdown in electric vehicle (EV) demand, along with the relocation of produ
China Unicom Beijing and Huawei have successfully deployed a pilot large-scale 5.5G network in Beijing to provide continuous coverage in three key areas, including Beijing Financial Street in the city center, the landmark Beijing Long Distance Call Building, and multipurpose Workers' Stadium. This f
The author is an analyst for NH Investment & Securities. He can be reached at yk.choi@nhqv.com -- Ed.We lower our TP on Hyosung TNC to W440,000 to reflect both a slower-than-expected spandex industry recovery and underperforming fiber division earnings. But, we still see clearly improved fundamental
Financial Services Commission (FSC) Vice Chairman Kim So-young recently stated, “If more foreign financial companies expand their presence in South Korea, pioneer new markets and introduce new products, promoting innovation and competition, it will greatly contribute to the development of the South
The author is an analyst for NH Investment & Securities. He can be reached at ys.jung@nhqv.com -- Ed.Delivered strong 4Q23 results on early start to peak season and rising demand for Southeast Asian routesWe maintain a Buy rating and TP of W17,000 on Jin Air. Korea’s leading LCC posted 4Q23 sales of
The won-dollar exchange rate has been on the rise, leading to an influx of foreign selling. The KOSPI index experienced volatility as foreign investors unloaded their holdings, causing it to fall below the 2440 level from the previous day.On the morning of Jan. 18, the KOSPI is indicating a modest r
Hanwha Vice Chairman Kim Dong-kwan revealed Hanwha’s vision for maritime decarbonization at the annual session of the World Economic Forum (WEF) in Davos, Switzerland on Jan. 17. The event was titled “The First Fossil-Free Ship on the Water.”Vice Chairman Kim has expanded the scope of decarbonizatio
Hyundai Motor Group has sold its Chongqing plant in China for about 300 billion won. This has reduced the number of production bases in China from five to three since Hyundai entered the country in 2002. The decision was made to reorganize the structure of its Chinese business, thereby boosting its
Pernod Ricard Korea, the Korean affiliate of the global wine and spirits company Pernod Ricard, announced that it held a special lecture to help build a sustainable bar culture on January 15, 2024.The special lecture was offered as part of the Bar World of Tomorrow training program that Pernod Ricar
Chairman Seo Jung-jin of Celltrion Group has revealed plans to list the holding company, Celltrion Holdings, on the NASDAQ in the United States.According to the industry sources on Jan. 15, Chairman Seo, who owns 98.5% of Celltrion Holdings, announced these plans while speaking at the Korean Busines
As the maturity date for equity-linked securities (ELS) linked to Hong Kong’s Hang Seng China Enterprises Index (HSCEI) worth 10 trillion won (US$7.6 billion) approaches in the first half of the year, it has been revealed that a confirmed loss of 100 billion won has been incurred since the beginning
Samsung Electronics’ first artificial intelligence (AI) smartphone, the Galaxy S24 series, is set to be unveiled on Jan. 18.According to industry sources on Jan. 14, Samsung Electronics will reveal the Galaxy S24 series at its first half of the year product launch event, Galaxy Unpacked 2024, schedu
The top leading economic organizations of Korea and Japan met in Tokyo for the first time in four years, agreeing to strengthen cooperation in fostering startups in the two countries. They also agreed to establish trilateral economic cooperation between Korea, the United States, and Japan, and to wo
Google, in partnership with LG Electronics, is broadening the connectivity between smartphones, PCs, TVs, and other devices.On Jan. 9, during the Consumer Electronics Show (CES) 2024 at the Las Vegas Convention Center, Google unveiled plans to expand the ecosystem of its Android operating system. It
Samsung Electronics Chairman Lee Jae-yong highlighted the critical role of 6G technology for the company’s future during his visit to Samsung Research, the company’s global research and development (R&D) hub located in the Umyeon neighborhood of Seocho district in Seoul on Jan. 10. There, he reviewe
CES2024, the world's largest IT show, has begun in Las Vegas, U.S. The Las Vegas Convention Center (LVCC), the main venue for CES2024, and the entire city where the show floor is located are bustling with exhibitors and visitors from around the world.Compared to CES2023, which resumed last year afte
The Incheon Free Economic Zone Authority announced that Yoo Jeong-bok, mayor of Incheon Metropolitan City, participated in the Consumer Electronics Show 2024 being held from Jan. 9 to 12.At this year’s CES 2024, Incheon is operating a 132.23 square meter pavilion in the North Hall of the Las Vegas C
The author is an analyst for NH Investment & Securities. He can be reached at minwoo.ju@nhqv.com -- Ed.Near-term earnings are likely to remain tepid at LGES due to ASP decline and fixed cost burden resulting from low operating rates. As such earnings weakness has been foreseen from 2023, however, it