HD Hyundai Heavy Industries, Hanwha Ocean (formerly Daewoo Shipbuilding & Marine Engineering), and Samsung Heavy Industries, the top three in the domestic shipbuilding industry, have finalized this year’s wage and collective bargaining agreements in a timely manner. With an enhanced production capac
SK Telecom announced on Sept. 11 that it has launched a solution that can reduce the cost of operating AWS-based cloud services by up to 40 percent.SK Telecom’s solution is a cloud cost optimization solution based on Amazon Web Services (AWS). It supports migration from Intel- and AMD-based servers
HD Hyundai’s HD Hyundai Electric announced on Sept. 10, local time, that it has signed a contract worth 678 billion won with Saudi’s power transmission and transformation construction specialist Al Gihaz. The products procured this time are intended for the “Mountain Substation,” which Al Gihaz is n
Hanwha Aerospace is set to showcase its extensive range of defence technologies at DSEI 2023 to be held from 12nd-15th September at ExCel, London.Hanwha Aerospace will unveil its K9A2 Self-Propelled Howitzer (SPH) platform fitted with the Composite Rubber Track (CRT) developed by Soucy Defense, a ke
SKC will invest in U.S. semiconductor packaging startup Chipletz.SKC announced on Nov. 11 that it will participate in Chipletz’s Series B investment and secure a stake of approximately 12 percent. The exact percentage will be finalized upon the close of Chipletz’s Series B funding.According to an ag
The author is an analyst for NH Investment & Securities. He can be reached at jaemin.ahn@nhqv.com -- Ed.Compared with April, Hong Kong and Singapore investors’ outlook toward the Internet sector has improved considerably. We anticipate AI-related momentum and earnings recovery at Internet firms. In
China has received recognition from the American Bureau of Shipping (ABS) and others for its world-leading technological capabilities in the field of ultra-large liquefied natural gas (LNG) carriers, noting it as the largest in the world.According to industry sources and foreign reports on Sept. 9,
Three defense units of the Hanwha Group (Hanwha Aerospace, Hanwha Ocean, and Hanwha Systems) participated in MSPO 2023, Europe’s premier defense exhibition held in Kielce, Poland, from Sept. 5 to 8 (local time), laying the groundwork for expansion in the European market.On Sept. 5, during MSPO, Hanw
As tensions intensify between the U.S. and China over smartphones equipped with Huawei’s self-developed 5G chips, uncertainty surrounding the Chinese plants of Samsung Electronics and SK hynix is expected to deepen.According to industry sources and foreign media on Sept. 10, after Huawei unveiled tw
Choi Yoon-beom, chairman and CEO of Korea Zinc, explored ways to cooperate in various fields in a private meeting with Bahlil Lahadalia, chairman of the Indonesian Investment Coordinating Board.Chairman Choi held a discussion about four areas in Jakarta, Indonesia, on Sept. 6. The four areas were co
SK bioscience, an innovative vaccine and biotech company committed to promoting human health from prevention to cure, announced that Ana Brnabić, Prime Minister of the Republic of Serbia (Serbia) has visited the SK bioscience headquarters and signed a memorandum of understanding (MOU) with the compa
The Korean government will listen to the opinions of experts from various sectors to spread super-sized artificial intelligence (AI) not only to the science and technology fields but to all aspects of society such as law, medicine, education, and defense. It is planning to launch a project to suppor
SK hynix’s American subsidiary, Solidigm, has closed its South Korean branch. This move is a part of a global operational efficiency initiative due to declining conditions in the memory semiconductor market.Industry sources reported on Sept. 8 that Solidigm is in the process of closing its smaller g
Samsung Electronics has been surpassed by U.S.-based company Intel, landing it in the second spot in global semiconductor sales rankings.According to market research firm Omdia on Sept. 8, Samsung Electronics’ semiconductor sales for Q2 (April-June) totaled US$9.45 billion, falling behind Intel’s US
Last year, due to the surge in demand for electric vehicles (EVs), prices of core battery minerals like lithium and nickel reached a peak. However, they have been on a decline recently. Battery cathode material companies that purchased these minerals when they were expensive are now facing challenge
Specialized patent examiners in the field of semiconductors, which has acquired crucial technologies over more than 30 years in private semiconductor companies such as Samsung Electronics and SK hynix, are being further expanded this year to contribute to securing the nation’s competitiveness. Parti
According to industry sources on Sept. 7, wage negotiations between Samsung Electronics and its union have been on hold since April 21, prolonging the cooling-off period.Other electronics affiliates within the group, such as Samsung Display and Samsung Electro-Mechanics, concluded their wage negotia
On Sept. 7, SK hynix addressed reports that its semiconductors have been found in China’s Huawei mobile phones, which are subject to U.S. sanctions. The company stated, “We have not had any dealings with Huawei,” and are looking into the circumstances of the situation.Bloomberg reported on Sept. 7 t
When estimating quarterly earnings, it is difficult to predict one-off reversals, but provisions for losses related to the winning of development projects are predictable. LIG Nex1 has secured no notable system development projects in 3Q23, while it won the Lightweight Torpedo-II development project
As the three-way compressed battle for the acquisition of HMM involving Harim Group, LX Group, and Dongwon Group intensifies, the possibility of candidates with insufficient cash assets making a successful acquisition has increased. This has raised questions about their financial capabilities and th