Renesas Electronics Corp., a Japanese semiconductor company that specializes in microcontrollers, analog, power and SoC products, is expected to acquire British semiconductor design company Dialog.Dialogue announced that it has started negotiations after receiving a proposal from Renesas, Bloomberg
LG Energy Solution is expected to build a battery manufacturing plant together with Renault, whose ZOE is increasing its popularity in the global electric vehicle market.From January to November last year, Renault sold 84,128 ZOEs worldwide and the model took the third place behind the Tesla Model 3
Global steelmakers are stepping up their efforts to wipe off the dishonor of being called a “climate villain.” Steelmaking is considered one of the largest emitters of environmental pollutants such as greenhouse gases and fine dust.Making one ton of steel produces 1.85 tons of carbon dioxide on aver
Kolon Life Science may have to pay about 43 billion won in damages to Mitsubishi Tanabe, a Japanese pharmaceutical company, depending on the outcome of mediation by the International Chamber of Commerce (ICC), the company said in a public disclosure on Jan. 12.In detail, Kolon Life Science will have
Hyundai Motor Co. and Kia Motors Corp. placed fourth in global electric vehicles in the January-September period of 2020.Market research company SNE Research said on Nov. 23 that Hyundai and Kia sold a combined total of 130,000 electric vehicles, including pure electric vehicles and plug-in hybrids,
Czech energy company CEZ is expected to move ahead with the Dukovany Nuclear Power Station construction project with either Korea Hydro & Nuclear Power or Rosatom of Russia.The Czech government is planning to send an invitation to bid within this year before the bidding scheduled for next year and p
Automakers’ patent applications related to electric vehicle batteries and hydrogen vehicle fuel cells are on the increase with the market paradigm shifting.The Korean Intellectual Property Office announced on Nov. 9 that the number of such patent applications was 4,435 in the 2010s, the annual numbe
Korean companies related to production of gas turbines, a key component of power plants, are actively applying for patents. It is difficult to secure basic technologies for gas turbines and the entry barrier for the gas turbine market is high.The world gas turbine market has been dominated by four p
A total of 20 global investment firms sent an official letter to Korea Electric Power Corp. (KEPCO) and Samsung C&T on Oct. 21 in order to object to their coal-fired power plant construction in Vietnam.The 18 firms include the Church of Finland, Denmark’s MP Pension and Sweden’s Nordea Life & Pensio
Doosan Heavy Industries & Construction announced on Oct. 20 that it has signed a 901.8 billion won contract with Vietnam's VAPCO to build Vung Ang 2 coal power plant.The contract period is from March 1, 2021 to Feb. 28, 2025. The company will build and install boilers, environmental facilities,
Hyundai Motor Group placed fourth in the global electric vehicle (EV) market, according to a survey by SNE Research, an automotive battery market research firm.Hyundai Motor Co. and Kia Motors Corp. sold a total of 74,000 EVs in the January-August period of 2020, accounting for a 7.7 percent of the
The Korea Automobile Manufacturers Association announced on Oct. 5 that South Korean car brands accounted for 8.9 percent of the U.S. market in June to August this year. The figure is equal to their all-time high, which was recorded in 2011.For reference, Hyundai Motor Group’s U.S. market share was
Shipbuilders in Korea, China, and Japan are having fierce competition in order to take a bigger share of the global LNG-powered vessel market. As the global energy demand is shifting to eco-friendly sources, the shipbuilding market is shifting its focus to LNG-powered ships from those powered by coa
The author is an analyst of NH Investment & Securities. He can be reached at ys.jung@nhqv.com. -- Ed. 1) Solar energy marketSolar energy installations to slide for first timeGlobal solar energy installations are projected to slip 7% y-y to 110GW in 2020. While more than 130GW in installations was ex
The Korea International Trade Association has recently submitted an official request to the U.S. Department of Commerce that Korean transformers be excluded from the national security threat investigation under Section 232 of the Trade Expansion Act initiated for imported transformers and components
Shinhan Financial Group and Hana Financial Group signed a memorandum of understanding (MOU) for global business partnership on May 25. It is the first business partnership between South Korean financial holding companies. They are the largest and third-largest financial companies in South Korea, res
The Export-Import Bank of Korea (KEXIM) announced on May 21 that it successfully raised 700 million Australian dollars (US$460 million) on May 20 by issuing kangaroo bonds, which are Australian dollar-denominated bonds issued by a foreign institution in the Australian market.The kangaroo bonds were
KB Kookmin Bank announced on May 12 that it has completed a financial agreement to extend a 240 million Canadian dollar senior loan to finance the construction of natural gas pipelines in Canada.The loan is part of 8 billion Canadian dollar project financing for 667-km Coastal Gaslink Pipeline in Br
Hyundai Engineering announced on April 22 that it has won the US$340 million Datan Combined Cycle Power Plant Expansion Project from Taiwan.The project is designed to expand Unit 7 of Datan Power Plant located about 50 km west of Taipei, the capital of Taiwan. Hyundai Engineering will install a stea
Competition is heating up among global chemical and automobile companies to develop a solid-state battery that is expected to lead the future electric vehicle (EV) market.The Fuji Economic Institute in Japan predicts that the market for all-solid-state batteries will grow to 38 trillion won in 2035.