In a move seen as a counter to Apple’s upcoming pre-sale of the iPhone 15 series in South Korea on Oct. 6, Samsung Electronics has unveiled its Galaxy Fan Edition (FE) series after a two-year hiatus.On Oct. 4, Samsung Electronics announced the launch of its new Galaxy FE lineup comprising Galaxy S23
The author is an analyst for NH Investment & Securities. He can be reached at kyuha.lee@nhqv.com -- Ed.While global smartphone sales continued to slide y-y in August, the Chinese market achieved y-y growth for the first time since Mar 2021. We expect market conditions to continue improving after Sep
Samsung SDI will invest 2.65 trillion won (US$2.00 billion) in a second electric vehicle battery factory to be built in the United States with U.S. automaker Stellantis.Samsung SDI announced in a board meeting on Sept. 27 that it will invest 2.6556 trillion won in the StarPlus Energy Gigafactory 2,
The author is an analyst for Shinhan Securities. He can be reached at hyon@shinhan.com -- Ed.3Q23 operating profit to miss consensus at KRW13.2bn (-28% QoQ)Doosan Tesna is expected to post operating profit of KRW13.2bn (-27.5% QoQ) on sales of KRW90.3bn (+1.5% QoQ) for 3Q23, falling short of the mar
Hyundai Motor India Limited (HMIL), India’s first smart mobility solutions provider and largest exporter since inception, today announced the launch of its motorsport inspired performance-driven premium hatchback, the new Hyundai i20 N Line. The new Hyundai i20 N Line is an exceptional hatchback sta
According to the Ministry of Trade, Industry, and Energy on Sept. 15, the global electricity consumption in 2021 showed China leading the charts with an overwhelming 7,714 terawatt-hours (TWh). Following China were the United States at 3,869 TWh, India at 1,355 TWh, Russia at 963 TWh, Japan at 916 T
Despite the escalating power struggle between the United States and China leading to increased calls for decoupling from China, an analysis suggests that it may not be easy for many countries, including South Korea, among the participants in the Indo-Pacific Economic Framework for Prosperity (IPEF),
The Korea Atomic Energy Research Institute (KAERI) announced on Sept. 14 that it has developed a process to mass-produce bentonite, a high-quality material used to dispose of spent nuclear fuel. “If this material is supplied domestically through a localized process, it will save the Korean economy a
On Sept. 13, Doosan Bobcat reported that over a thousand of its employees from business locations in 12 countries worldwide took part in community service activities on Sept. 12. The activities were on a relay that started from Korea and passed through Asia, the Middle East, Europe, Africa, and the
The Chinese steel industry is ramping up its exports of steel products to international markets as it strives to overcome domestic market challenges, including a slowdown in the real estate sector.According to the Korea Iron & Steel Association on Sept. 12, China’s steel product exports for the firs
The Export-Import Bank of Korea (Korea Eximbank) announced on Sept. 7 that it has signed a memorandum of understanding (MOU) with Export Finance Australia (EFA) at its headquarters in Seoul to collaborate on stabilizing the core mineral supply chain. EFA, Australia’s official export credit agency, s
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
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
Despite frozen consumer sentiment in the global market, Samsung Electronics has retained its top position in smartphone market share for Q2. Despite facing a tough challenge from Apple, which plans to release its iPhone 15 series this month, there are expectations that Apple’s product launch might n
As South Korean President Yoon Suk-yeol embarks on a tour of Indonesia and India Sept. 5-10, much attention is being paid to the South Korean defense industry’s issues with Indonesia and India. Indonesia is a major defense export destination with which South Korea has close military ties, although t
On March 10, 2013, KT entered into a Memorandum of Understanding (MOU) with the Rwandan government to establish a joint venture aimed at constructing an ultra-high-speed wireless network based on 4G LTE technology.According to industry sources on Sept. 4, KT recently filed a lawsuit against the Rwan
Samsung Electronics and SK hynix are expected to face another hurdle in achieving their business goals as electricity prices rose amid a slowdown in the semiconductor industry in the first half of this year. While they are implementing the so-called RE100 program to replace 100 percent of their elec
Kumho HT revealed on Aug. 28 that they are actively planning to establish an overseas subsidiary in response to the global finished vehicle companies expanding production and sales in India.The company is considering an investment of approximately 300 billion won for the establishment of a local sub
Apple, which has already surpassed Samsung in sales and profitability, is poised to overtake Samsung for the first time in market share by shipments with the iPhone 15 series scheduled to be unveiled in September. This has presented a challenge for Samsung Electronics, which has been the undisputed
The Korean government has begun to improve its system to allow more skilled foreign workers to work longer at workplaces in Korea.On Aug. 24, the Ministry of Justice announced a plan to revolutionize work visa regulations in order to drive Korea’s economic growth at the 4th Regulation Innovation Str