Canada is emerging as an alternative to China for electric vehicle (EV) battery material and component supply after the U.S. Inflation Reduction Act took effect last month. Canada is home to large nickel, cobalt and graphite reserves and European automakers are expected to cooperate more with South
The author is an analyst of NH Investment & Securities. He can be reached at kyuha.lee@nhqv.com. -- Ed. The new iPhone 14 series is to come equipped with a new display, a new cutout feature (Dynamic Island) that can display notifications, an upgraded main camera, a crash detection feature, and direc
The author is an analyst of KB Securities. He can be reached at jeff.kim@kbfg.com. -- Ed. With iPhone orders forecast to reach record in 4Q22, order inflow to surge We maintain BUY and TP of KRW570,000 on LGI. Despite uncertain macro conditions, Optics Solution should benefit from a surge in iPhone
South Korean petrochemical companies, including LG Chem and Lotte Chemical, are reducing the production of ethylene and synthetic fibers with economic and exchange rate conditions increasingly affecting their profitability.As of Sept. 5, the per-ton prices of ethylene and naphtha were US$950 and US$
The author is an analyst of NH Investment & Securities. He can be reached at kyuha.lee@nhqv.com. -- Ed. At IFA 2022, Qualcomm and Meta Platforms announced a multi-year agreement to work together on next-generation spatial computing technology. The ability to sense and process real-time spatial and u
Apple has reportedly added China's YTMC to its list of NAND flash suppliers for the iPhone 14, which is to be unveiled on Sept. 7.Apple has thus far received NAND flashes from Samsung Electronics, SK Hynix and Kioxia. For DRAMs, it has relied on Samsung Electronics and SK Hynix. Apple is highly
Korean battery makers’ combined market share declined in the January-July period of this year due to the rapid growth of Chinese competitors. In particular, in the July rankings, China’s BYD claiming second place, beating out LG Energy Solution.The total battery usage of electric vehicles (EVs) regi
Major camera module companies such as LG Innotek and Samsung Electro-Mechanics have turned their eyes from smartphones to automobiles. Self-driving cars require far more camera modules than smartphones. Expectations are rising that Korean companies may be able to dominate the automotive module marke
The International Union for Conservation of Nature announced on Sept. 4 that washed microfibers account for 35 percent of marine microplastics. According to it, washing of synthetic fiber clothing leads to fiber decomposition and the resultant microplastics flow to the sea. According to experts, was
South Korean electric vehicle (EV) battery manufacturers’ cobalt-free strategies are expected to be boosted by the U.S. Inflation Reduction Act. This is because cobalt is smelted in China in most cases.The act is likely to change their battery material compositions, as EVs with high Chinese battery
The Korean won-U.S. dollar exchange rate surged last month, led by the Fed’s hawkish stance. The rate topped 1,350 won in about 13.5 years on Aug. 29 before closing at 1,362.6 won on Sept. 2.Still, foreign investors recorded a net buying of 3.9837 trillion won in the South Korean stock market last m
The author is an analyst of NH Investment & Securities. He can be reached at kyuha.lee@nhqv.com. -- Ed. As demand rises from set manufacturers for high-resolution OLEDoS panels (which are to feature in Apple’s XR devices), domestic and Greater China display makers are expected to begin full-fledged
LG Display will introduce its full lineup of OLED TV panels loaded with EX technology at IFA 2022, which will kick off in Berlin, Germany on Sept. 2.The company will set up an exhibition booth at Messe Berlin, the venue of IFA 2022, to showcase its advanced OLED TV technology, including a 97-inch sc
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
Toyota, the world’s No. 1 automaker, announced on Aug. 31 that it would invest up to 730 billion yen to ramp up production of batteries for electric vehicles (EVs) in both the United States and Japan. The announcement was made in two days after Honda, another Japanese automaker, announced plans to j
Samsung Electronics vice chairman Lee Jae-yong will go on a business trip to Europe, including the United Kingdom, from Sept. 9 to 12 and then visit the United States and Central and South America including Panama from Sept. 18 to 20.During a business trip to Europe in June, Lee visited the Netherla
South Korean conglomerate heads born in the 1950s, who led the industrialization of the country, are retiring one after another. The current mainstream is those born in the 1960s, those born in the 1970s are emerging, and those born in the 1980s are following them.In Hanwha Group, the seventh-larges
The author is an analyst of NH Investment & Securities. He can be reached at kyuha.lee@nhqv.com. -- Ed. Apple’s upcoming XR device is expected to start mass production around Nov 2022 and see release in 1Q23. Meta’s new XR device is likely to launch in Oct 2022. We expect the related market to grow
As the four major Korean business groups are joining the U.S. government's efforts to reorganize the global supply chains, Korean builders are enjoying an increase in orders from the United States. Among the 85 countries that placed construction orders with Korean builders, the United States ran
OLED TVs are growing fast in the premium TV market in Europe -- so much so that gfu of Germany said in a recent report that OLED TVs are the winner of the German TV market. Founded in 1973 as the Society for the Promotion of Consumer Electronics in Germany, gfu is the organizer behind the IFA, Europ