The U.S. Consumer Product Safety Commission (CPSC) announced on Dec. 22 (local time) that Samsung Electronics will recall 663,500 washers in the United States due to fire risk.The recall will apply to the company's top-load super speed washers (WA49B, WA50B, WA51A, WA52A, WA54A and WA55A models)
SK Telecom (SKT) announced on Dec. 20 that it will participate in CES 2023, which will be held in Las Vegas from Jan. 5 to 8, 2023, to showcase green ICT that can accelerate progress towards achieving net zero.SKT will operate a joint exhibition booth with SK Inc., SK Innovation, SK hynix, SK E&S, S
The author is an analyst of NH Investment & Securities. He can be reached at kyeongkeun.kang@nhqv.com. -- Ed. Obigo is specialized in commercialization of automotive software for use in connected car services. Moving forward, its business alliance with LGU+ should generate sound synergies. Obigo is
Huawei has signed a global commitment to join the International Telecommunication Union's Partner2Connect digital alliance, which will bring connectivity to about 120 million people in remote areas in more than 80 countries by 2025.Liang Hua, chairman of Huawei, announced the decision at the com
LG Uplus announced on Nov. 13 that it will provide connected car services to new cars to be launched by Hyundai Motor Group, including the Genesis brand, Hyundai Motor Co. and Kia Corp., for the Korean market beginning from January 2023.In the case of Hyundai Motor Co., the company's partner for
The Bank of Korea announced on Nov. 7 that its second-phase central bank digital currency (CBDC) experiment has been completed regarding offline transactability, interest payment and redemption, cross-border remittance, etc.The first phase was conducted from August to December last year. At that tim
Samsung Electronics and LG Electronics both achieved record-high quarterly earnings in the automotive electronics business in the third quarter. As the global auto market showed signs of recovery, the performance of electronics manufacturers also improved.Harman International Industries, a U.S. audi
Global luxury resort brand Capella Hotels & Resorts broke ground for Capella Yang Yang, its first luxury beach resort in Korea, at Songjeon Beach in Yangyang County, Gangwon Province, on Oct. 27.Some 500 people attended the groundbreaking ceremony, including Kim Jin-ha Kim, governor of Yangyang, Kim
The Ultra-Broadband Forum 2022 raised its curtain today in Bangkok, with David Wang, Huawei's executive director of the board and chairman of the ICT Infrastructure Managing Board, delivering a keynote speech titled Stride to Ultra-Broadband 5.5G. During this speech, Wang outlined the enormous c
During the Global MBB Forum 2022, David Wang, Huawei's executive director of the board and chairman of ICT Infrastructure Managing Board delivered a keynote speech titled Stride to 5.5G: The foundation of the future.Wang noted how the industry has made significant progress and is ready to make t
Hyundai Motor Group (HMG) has broken ground on its new electric vehicle (EV) and battery manufacturing facility in the United States.A groundbreaking ceremony for the plant, dubbed Hyundai Motor Group Metaplant America (HMGMA), was held at the site in Bryan County, Ga., on Oct. 25 (local time) with
The unprecedented shutdown of KakaoTalk messenger app that occurred on Oct. 15 clearly exposed the problems of a platform monopoly. The shutdown of the widely used mobile messenger app did not end with the suspension of about 20 related Kakao services. Other companies and government agencies that us
In the future, all customers who have purchased vehicles from Hyundai, Genesis, and Kia will not have to go to service centers to update their car software. This is because the over-the-air (OTA) software update function will be installed as a standard on all Hyundai Motor Group models to come out b
The Ministry of Land, Infrastructure and Transport announced its mobility innovation roadmap on Sept. 19. According to it, Level 4 autonomous buses are expected to become commercially available in 2025 and the same technology is expected to be employed in privately owned cars in 2027. The ministry i
yundai Motor Group and KT have strengthened their alliance by exchanging 750 billion won worth of shares with each other. The move is intended to strengthen cooperation in the field of future mobility, such as 6G mobile communication autonomous driving technology and an advanced air mobility (AAM) c
With connectivity emerging as a hot topic at IFA 2022, the largest consumer electronics show in Germany, LG Electronics announced on Sept. 1 that it will enhance the connectivity of its ThinQ application to provide a differentiated experience that goes beyond Samsung Electronics’ device connection p
Hyundai Motor Group will invest in BOS Semiconductors, a Korean startup that designs automotive software and system semiconductors.Established this year, the company is capable of developing system semiconductors such as high-performance, low-power chips essential to automotive semiconductors, centr
Huawei has recently hosted the TECH4ALL Education Global Online Summit. Officials and experts at the summit explored how digital technologies will transform today's education systems into a more inclusive and innovative paradigm, democratize access to education resources, and build-in systemic r
The authors are analysts of Shinhan Investment Corp. They can be reached at snowKH@shinhan.com and wonyong.sim@shinhan.com, respectively. -- Ed. 2Q22 OP comes in at KRW28.7bn (-14% YoY)Hyundai Autoever reported operating profit of KRW28.7bn (-14% YoY) on sales of KRW630.2bn (+22% YoY) for 2Q22, beat
The authors are analysts of Shinhan Investment Corp. They can be reached at snowKH@shinhan.com and wonyong.sim@shinhan.com, respectively. -- Ed. 2Q22 sales to come in at KRW569.9bn (+11% YoY)We now expect Hyundai Autoever to report operating profit of KRW25.3bn (-25% YoY, +13% QoQ) on sales of KRW56