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
The Chevrolet Trailblazer, produced by GM Korea, has topped the monthly sales in the U.S. small sports utility vehicle (SUV) market.According to GM Korea and U.S. market research firm JD Power on May 17, the Trailblazer sold 11,130 units in the U.S. last month, a 176.3% increase from the same month
Hyundai and Kia are enjoying strong sales growth in India, which has emerged as the world's third-largest auto market. Kia, in particular, saw its sales increase by more than 20 percent year on year from January through April 2023.Hyundai’s and Kia's combined sales stood at nearly 300,000 un
Korea’s shipping industry and a seafarers’ union have called for a halt to the overseas sale of Hyundai LNG Shipping, the country’s largest carrier specializing in liquefied natural gas (LNG) transportation.The Federation of Korea Maritime Industries (FKMI) put out a statement on May 8, taking issue
Hyundai Motor Group sold more than twice as many electric vehicles (EVs) in Europe as in the United States in Q1 of this year.Hyundai sold 15,945 EVs and Kia sold 18,886 EVs in Europe in the first quarter of this year, according to Hyundai’s and Kia's corporate materials released on May 7. The f
The author is an analyst for NH Investment & Securities. He can be reached at jaemin.ahn@nhqv.com -- Ed.Kakao Games’ competence as a publisher is to be proven via the continued popularity of new games. Backed by accumulated sales for a wealth of new titles, OP should soon recover. New games to be re
The author is an analyst for NH Investment & Securities. She can be reached at jiyoony@nhqv.com -- Ed.In order to check on Chinese consumption channels, we visited major shopping malls and brand stores in Shanghai. Given clear consumption polarization, entry of various imported brands and expansion
Toyota will square off with Hyundai Motor Group by launching the brand’s first electric sedan, the bZ3, in partnership with the Chinese auto industry.According to the automobile industry on April 24, Toyota launched the bZ3, an electric vehicle, in China on April 18 in time for the opening of the Sh
Manchester City Football Club (Manchester City) and Atlético de Madrid (Atletico Madrid) are to visit Korea in July to participate in the Coupang Play Series. Manchester City and Atletico Madrid are iconic teams of the Premier League and La Liga, respectively. Coupang Play is expected to continue th
The author is an analyst of NH Investment & Securities. She can be reached at jiyoony@nhqv.com -- Ed.FILA’s earnings likely fell further in 1Q23 on domestic channel adjustments and US inventory disposals. But, from 2Q23, we expect to see both Chinese market sales growth (DSF) and gradual profit impr
Global leading tire company Hankook Tire has released its latest brand film, iON X Formula E, in homage to the brand’s Formula E sponsorship. The purpose of the brand film is to profile the company's position as a leading brand in the global EV market, showcasing a premium, high-tech, innovative
A truly postbiotic product containing only postbiotics, which consumers have been eagerly awaiting in their interest in a healthy life, is about to be released in pharmacies.Based on a SCI-level paper by bereum Co., Ltd., formerly known as BeRM, a pharmacist academic symposium was held at Baropharm
The author is an analyst of NH Investment & Securities. He can be reached at jooyh@nhqv.com -- Ed.Retail/Fashion industry growth is currently being led by offline businesses, conditioned by both the fact that the Lunar New Year’s holidays fell in January this year and by an increase in external acti
The author is an analyst of NH Investment & Securities. He can be reached at kyuha.lee@nhqv.com -- Ed.With overall IT device demand in China proving stronger than expected, it appears that the MLCC industry has entered a full-fledged recovery phase, backed by growing demand for automotive electronic
Hankook Tire announced that it will continue to be the exclusive tire supplier of high-performance tires to BMW Driving Center operated by German premium car maker BMW Group Korea, for the ninth consecutive year.Since the opening of the BMW Driving Center in 2014, Hankook Tire has established itself
Hankook Tire UK has renewed its partnership as official tire partner for a fourth year with Supercar Fest in 2023. This supercar themed festival continues to grow as one of the leading dynamic supercar events in the UK, allowing unrivalled access to the best modern day and classic supercars ever bui
Sports utility vehicles (SUVs) accounted for more than 70 percent of Hyundai Motor Group’s cars sold in the United States. They have higher margins per unit than sedans, so Hyundai Motor Group’s profitability is also expected to grow significantly.Hyundai Motor Company (including the Genesis brand)
Hyundai Motor Group ranked first in the 2023 U.S. Vehicle Dependability Study announced by J.D. Power on Feb 9 (local time).This rating focuses on the type and number of problems car owners experienced during the preceding 12 months with their 3-year-old vehicle. The lower a carmaker’s score is, the
Whatever you imagine when you think of a school headmaster, Guðmundur Hegner Jónsson is likely to surprise you. Originally from Iceland and standing close to two meters in height, he has dug up the world’s past as an archaeologist, recorded in the same studio as The Beatles, and speaks four language
The Incheon Free Economic Zone (IFEZ) used to be an island, sea, tidal flat, and reclaimed land, but now it has been transformed into an ultra-modern city with sky-high skyscrapers and a population of 410,000. After being designated as Korea's first free economic zone in 2003, a great change has