The upward trend in memory prices, starting with DRAM, is now extending to NAND Flash. The combination of production cuts and recovering demand has led to a successful turnaround. There are expectations that the pace of improvement in the performance of Samsung Electronics and SK hynix will accelera
Amid an economic downturn, global personal computer sales volume, which had been sluggish, is forecasted to rebound next year as the market for AI PCs, equipped with generative AI and related features, starts to open up.According to market research firm TrendForce on Nov. 9, total shipments of the g
Korea has posted a current account surplus for the fifth consecutive month. The Bank of Korea (BOK) forecast that Korea will be able to reach an annual current account surplus of US$27 billion by steadily enjoying current account surpluses.The BOK said on Nov. 8 that the current account posted a sur
LS Materials, a subsidiary of LS Cable & System, has announced on Nov. 8 that it will supply ultracapacitors (UC), also known as “next-generation secondary batteries,” to a Japanese manufacturer of Automated Guided Vehicles (AGVs).The UC is an industrial special battery known for its rapid charging
Hyosung Heavy Industries conducted a shipment ceremony on Nov. 6 in Haman, South Gyeongsang Province, for the delivery of a container-type Static Synchronous Compensator (STATCOM), a stationary reactive power compensation device, to Japan’s Steel CompanyThe exported product is the first instance of
In response to criticism suggesting that the ban on short selling implemented on Nov. 6 is a “political decision” aimed at next year’s general election, Lee Bok-hyun, the head of the Financial Supervisory Service (FSS), directly refuted the claims, stating, “About 100 stocks were identified as targe
The author is an analyst for Shinhan Securities. He can be reached at yjjung86@shinhan.com -- Ed.3Q23 OP decent at KRW7.8bn (positive swing YoY, +754% QoQ)SK IE Technology posted operating profit of KRW7.8bn (positive swing YoY, +754% QoQ) on sales of KRW182.2bn (+35% YoY, +20% QoQ) for 3Q23, beatin
SK ecoplant is set to provide solid oxide fuel cells (SOFCs) to an upcoming data center in Ireland, a data center hub for major global tech companies.On November 2, SK ecoplant made a significant announcement, revealing the signing of a memorandum of understanding (MOU) with Ireland's Lumcloon Energ
Seven Korean companies, including LG Electronics, Lotte Chemical and Samsung Fire & Marine, have joined RE100 this year, bringing the total number of Korean companies to 34, according to the U.K.-based Climactic Group on Nov. 3.This means that Korea has the fourth-most number of companies after the
South Korea has set an ambitious goal to rise alongside the United States and China as one of the top three powerhouses in the global energy storage system (ESS) industry by 2036. The nation plans to capture 35% of the rapidly growing global ESS market, aiming to revitalize its currently stagnant do
The European Union (EU) has shown interest in incorporating nuclear power generation into the scope of the “Net-Zero Industry Act (NZIA),” which supports environmentally friendly industrial investments. This development could provide impetus to South Korea's efforts to promote the international expa
Regarding recent discoveries of illegal short selling involving global investment banks, Lee Bok-hyun, the head of the Financial Supervisory Service (FSS), stated on Oct. 17, “We will hold them financially responsible for a much larger amount than in the past. Criminal punishment also seems possible
SKC is accelerating its business restructuring efforts, actively pursuing mergers and acquisitions (M&As) and investments, while streamlining its underperforming sectors. The company is transitioning its portfolio from a chemical-focused approach, including films and basic materials, to high value-a
The author is an analyst for NH Investment & Securities. He can be reached at ys.jung@nhqv.com -- Ed.With valuations of wind players likely to drop amid concerns that rising costs will curtail wind investment, we cut our TP by 24% to W76,000. But, higher US orders from major customer Vestas in 3Q23
The Carbon Free Alliance (CF Alliance), proposed by President Yoon Suk-yeol during the UN General Assembly last month, has been officially launched in South Korea on Oct. 12. Major domestic corporations, including Samsung, Hyundai, SK, LG, POSCO, and Hanwha, have joined the CF Alliance.The Ministry
KT has set its sights on extending the wireless quantum encrypted communication data transmission range from the current 2 km to 10 km by next year. Achieving lossless data exchange up to a distance of 10 km, from the ground to the stratosphere, could significantly reduce the potential hacking threa
Korea’s current account surplus reached US$4.81 billion in August, marking the fourth consecutive month of surplus. Although the goods balance posted the highest surplus in a year and five months, the surplus remained a recessionary one as imports fell more than exports. The Bank of Korea (BOK) fore
Last month, during the United Nations General Assembly, President Yoon Suk-yeol proposed the Carbon Free Alliance (CFA). Leading corporations such as Samsung Electronics, SK Hynix, and Hyundai Motor, which previously committed to RE100 (100% renewable energy), have now joined the alliance. The shift
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
HD Hyundai Heavy Industries (HHI) is expected to be the first company to win a second batch of liquefied natural gas (LNG) carrier orders for its LNG project from Qatar Energy, the state-run energy company of Qatar, beating out Chinese shipbuilders. The contract alone is worth US$3.9 billion for 17