In response to the United States’ semiconductor sanctions, China’s “Semiconductor Self-Reliance” strategy is gradually coming to the surface. Given the immediate challenge of countering U.S. sanctions, China is discreetly pouring substantial funds into attracting overseas semiconductor talent. Furth
According to the Federation of Korean Industries (FKI) on Sept. 6, Chairman Ryu Jin, who took office as the 39th chairman, reaffirmed friendly relations by sending congratulatory letters to over 40 partner organizations in major countries and international institutions worldwide. He also proposed th
The market for cutting-edge “semiconductor packaging” technology is heating up. As semiconductor manufacturing processes become more advanced, both domestic and international companies are fiercely competing to dominate the packaging market.According to a report on Sept. 6 by global market research
China is devising strategies to bypass the United States in both semiconductor and electric vehicle (EV) battery sectors. As the Joe Biden administration seeks to exclude China through the Inflation Reduction Act (IRA), Chinese companies are entering full-fledged efforts to neutralize the U.S. block
Hyundai Mobis, having integrated its partner and subcontractor firms, has launched production subsidiaries MOTRAS and UNITUS, which have emerged as production risks for the Hyundai Motor Group.According to the automobile industry on Sept. 6, MOTRAS, which supplies chassis modules integral to the veh
It has been revealed that foreign currency loans extended by South Korea’s top four banks have swelled to nearly 91 trillion won (US$68.27 billion) this year, with an increase of nearly 1 trillion won. This surge is attributed to the apprehension among businesses, driven by the continued volatility
Mirae Asset Global Investments’ Indian subsidiary announced on Aug. 6 that it has completed an investment in a large-scale logistics center covering about 46,450 m² located in Mumbai.This marks the second deal after the company, as the first foreign asset management firm to enter India, directly inv
The Electronics and Telecommunications Research Institute (ETRI) of Korea announced on Sept. 6 that it has developed a dedicated computational accelerator chip capable of high-speed processing of homomorphic encryption, which is drawing much attention as a next-generation cryptographic technology.Un
The author is an analyst for Shinhan Securities. He can be reached at hpark@shinhan.com -- Ed.Investment point 1: Domestic earnings driven by inbound touristsInbound visitors to Korea rose to 960,000 in July, reaching 66% of the 1.45mn level seen in July 2019 with triple-digit growth continuing ever
SK Telecom presented a blueprint for 6G mobile communications in a keynote speech at the Innovative Optical & Wireless Network (IOWN) Global Forum, a global next-generation communications standards organization. Established in January 2020, the forum includes 125 big tech companies including NTT, So
Korea Aerospace Industries (KAI) is actively carrying out marketing activities for European countries at the International Defense Industry Exhibition (MSPO) which kicked off in Kielce, Poland, on Sept. 5 (local time). The MSPO is Poland’s annual national defense exhibition supported by the Polish G
The reality of a shortage in semiconductor talent has the industry on alert. Samsung Electronics is making efforts by having executives visit universities to meet future semiconductor talents and is also providing scholarships abroad to secure local talent. Taiwan’s TSMC, a foundry, is facing concer
SK chemicals announced plans to supply materials to THE HANDSOME, a company that owns several domestic and international fashion brands and creates clothing with bio-materials based on corn. Given the growing interest in eco-friendly materials in line with carbon neutrality, the company also plans t
Due to intensified endeavors by Chinese battery manufacturers in Europe and North America, the market share of Korea’s big three battery companies has dropped below 25%.Market research firm SNE Research reported on Sept. 5 that from January to July this year, the market share of LG Energy Solution,
LG will establish its first European electric vehicle parts plant in Hungary. The automotive electronics business is LG’s flagship business with a cumulative order backlog of 100 trillion won at the end of the year. The average annual growth rate over the past 10 years has reached 30 percent. LG Ele
Three defense affiliates of Hanwha Group are set to showcase “next-generation weapon systems” in Poland to actively address Europe’s security needs.Hanwha Aerospace, Hanwha Systems, and Hanwha Ocean will present advanced weapon systems in the unmanned and ground, maritime, air, and space sectors at
SK Innovation’s lubricant subsidiary, SK enmove, plans to expand its lubricant brand ZIC and take the lead in the energy efficiency market. Beyond the internal combustion engine oil market, the company aims to lead the energy efficiency market, projected to grow to 54 trillion won by 2040, as a glob
The author is an analyst for NH Investment & Securities. He can be reached at soohong.cho@nhqv.com -- Ed.Although cutting our OP forecasts, we remain upbeat toward mid/long-term earnings improvement on HL Mando’s customer diversification, completion of restructuring of conventional parts at domestic
South Korean cosmetics have gained popularity not only in neighboring Japan and China but also in North America and Europe, soaring in global demand. Factors contributing to this surge include the relative affordability of these products, outstanding quality, the global popularity of K-pop, and enha
The fate of the 11Street (11st) platform hangs in the balance as its planned Initial Public Offering (IPO) becomes uncertain, leading to speculations of a potential sale. The inability to complete the IPO within the timeline promised to investors has led SK square to consider divestment as an altern