Midsize domestic automakers gearing up for electric vehicle production in South Korea are actively seeking partnerships with overseas battery suppliers from countries like China and Japan. This move comes as South Korean battery manufacturers, including the top three, are increasing their overseas i
A total of approximately 14,000 vehicles across 8 different brands and 21 models, including Kia and Mercedes-Benz, have been identified for a recall.The Ministry of Land, Infrastructure and Transport has revealed that a total of 14,057 vehicles from 21 different models, produced or imported and sold
The author is an analyst for NH Investment & Securities. He can be reached at jaemin.ahn@nhqv.com -- Ed.Helped by healthy early sales of Zenonia and MLB 9 Innings Rivals, Com2uS should turn to profit in 3Q23. However, continuing losses at the media arm are hindering both overall earnings and the sha
KG Mobility has returned to profitability for the first time in seven years with its best-ever first-half performance in the first half of this year. The automaker gave credit for its popular Torres model, which showed brisk sales.KG Mobility announced on Aug. 2 that it sold 65,145 units in the firs
Problems with power loss while driving continue to plague electric vehicles from several major brands. The issues have mostly been detected in their Integrated Power Control Units (ICCU), but other causes have also been identified. Although the history of electric vehicles is still short and require
As Kia’s July sales report was released, it was revealed that the sales of its flagship electric SUV, the EV9, which was launched last June, has decreased just two months after its launch. Critics point to the faded “new car effect” as the EV9’s sales have stumbled amid recent controversies over “po
The Ministry of Culture, Sports and Tourism, in conjunction with the Korea Visit Committee, will hold the “Korea Summer Beauty Sale” for a month from July 20 to August 20.The Korea Summer Beauty Sale is a public-private partnership event held with the participation of the K-Tourism Cooperation Team
Global brand Chevrolet starts full-fledged sales today with the official launch of ‘THE NEW TRAILBLAZER’ in Korea.Debuted in the global market in 2020, the Chevrolet Trailblazer is a model that sets the standard for a premium compact SUV with unique designs that can be selected according to consumer
Malicious code has been discovered in Chinese-made measurement devices supplied to government agencies. The National Intelligence Service (NIS) reported that the malicious code was pre-installed in the Chinese equipment before delivery, and they have decided to investigate all Chinese-made devices d
Lotte World Tower’s SKY31 Convention center, operated by Lotte Property & Development, has been selected as a “Korea Unique Venue.”A Korea Unique Venue, selected jointly by the Ministry of Culture, Sports, and Tourism and the Korea Tourism Organization, represents a space capable of hosting meeting,
The four major conglomerates - Samsung, SK, Hyundai Motor, and LG - have virtually returned to the Federation of Korean Industries (FKI). The return isn’t in the form of re-enlistment, but rather through the transfer of membership from affiliated research institutions.According to industry insiders
The number of luxury cars costing more than 300 million won registered in Korea has crossed the 6,000 mark. Foreign luxury car brands such as Rolls-Royce, Ferrari and Bentley are eyeing the growing Korean luxury car market.Korea had a total of 6,299 luxury vehicles that cost more than 300 million wo
The author is an analyst at NH Investment & Securities. He can be reached at jaemin.ahn@nhqv.com -- Ed.Battlegrounds Mobile India (BGMI) service has restarted, and Krafton’s Battlegrounds IP should maintain steady sales with the help of various events (including Esports tournaments) in 2H23. Despite
Last month, while imported car sales decreased compared to the previous year, the sales volume of high-end models priced over 100 million won (US$77,892) increased. This indicates an ongoing preference for luxury vehicles among high-income earners, who continue to accelerate their efforts in the Kor
CJ Logistics announced on June 16 that it has signed a “Strategic Business Agreement for Global Logistics Activation” at the headquarters of Evergreen in Taoyuan City, Taiwan.Evergreen is a worldwide shipping company that transports container cargo globally, ranking 6th in the world in terms of ship
The European Union (EU), the world’s second-largest electric vehicle market, will require the recycling of key battery materials such as lithium and cobalt by as early as 2031. The idea is to prevent environmental pollution caused by discarded batteries.The European Parliament passed the Sustainable
The author is an analyst for NH Investment & Securities. She can be reached at jiyoony@nhqv.com -- Ed. Ahead of China’s 618 shopping festival (Jun 18), pre-sale performance stands out for the Lululemon (fashion) and Proya (cosmetics) brands. Although China reopening effects are proving limited compa
Americans prefer the Samsung brand over Apple, according to a survey. Samsung ranked 7th among the brands loved by Americans, while Apple came in at 10th.On May 31, CNBC cited the results of the “2023 Axios Harris Poll” on the top 100 brands loved by Americans.In the survey released by Axios on May
In May, the Korean automobile industry posted a double-digit year-on-year sales increase, marking the ninth consecutive month of export growth.The five major Korea-based automakers (Hyundai Motor, Kia Motors, KG Mobility, GM Korea, and Renault Korea Motors) sold a total of 718,608 units, including t
Incheon City's Incheon Free Economic Zone Authority announced on May 17 that it has signed a Memorandum of Understanding for the establishment of Cheongna G-Tech City at the G Tower in Songdo International City.The signing ceremony was attended by Incheon Mayor Yoo Jeong-bok, Incheon Free Econom