The U.S. House Committee on Foreign Affairs has voiced that allies such as South Korea should not be unfairly harmed by the Inflation Reduction Act (IRA)."Since the enactment of the IRA last year, two of our key allies in the Indo-Pacific region, South Korea and Japan, have expressed concerns about
KPOP 4 Planet, a K-pop fan club in Indonesia, is accusing Hyundai of greenwashing, a form of advertising or marketing spin in which green PR and green marketing are deceptively used to persuade the public that an organization's products, aims and policies are environmentally friendly. They have
The author is an analyst of NH Investment & Securities. He can be reached at minjae.lee@nhqv.com -- Ed.The government is considering raising city gas and electricity rates on Mar 31. As the unit price of domestic gas imports is also decreasing amid falling natural gas prices, the level of hike requi
Semiconductor Equipment and Materials International said that global 300 mm wafer production capacity is estimated to reach 9.6 million units a month in 2026.According to the organization, Samsung Electronics, SK Hynix, Intel, Micron Technology, Kioxia, TSMC, and UMC are planning to increase their p
Korea Hydro & Nuclear Power (KHNP) is holding a science and technology event from March 28 to 31 at the KHNP headquarters and the facilities of nuclear power-related organizations by inviting experts from countries that are operating nuclear power plants.The International Atomic Energy Agency (IAEA)
The author is an analyst of NH Investment & Securities. He can be reached at dongyang.kim@nhqv.com -- Ed.Marshalling profits from its E&P division, LXI is actively continuing in its transition towards eco-friendly businesses. Uncertainties over the NPS’s exclusion of coal projects from its investmen
The U.S. government has demanded that companies applying for investment subsidies under the Chips Act submit Excel files containing formulas for calculating profitability including expected cash flows. This has thrown Korean chipmakers into consternation.They are calling these detailed guidelines fo
SK ecoplant has succeeded in developing a new fuel cell-based uninterruptible power supply technology that stably supplies power in emergencies such as power outages.SK ecoplant announced on March 27 that it obtained a patent on a fuel cell-linked uninterruptible power supply (UPS) with Ewha Technol
What a spectacle in São Paulo – New Zealand’s Mitch Evans (Jaguar TCS Racing) won the sixth Formula E race of the year at the end of a highly dramatic race that featured some thrilling scraps and many changes of position. The winner was embroiled in a fiercely-contested battle with his compatriot Ni
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
Samsung Electronics Chairman Lee Jae-yong visited China for the first time in three years. Specifically, he visited Tianjin, which is home to Samsung Group’s electronics affiliates, to check their local business operations. Tianjin has a Samsung Electro-Mechanics multilayer ceramic capacitor (MLCC)
SK On’s and Ford’s U.S. joint battery project is proceeding without a hitch. Some analysts suspected that the two companies have not been getting along due to a failure to set up a European joint venture, but rather they further solidified their relationship with this discord rumor as an opportunity
Doosan Bobcat announced on March 24 that it participated in ProMat 2023, a logistics exhibition that ran in Chicago in the state of Illinois in the United States from March 20 to 23.Five of the nine products on display were Bobcat forklifts with both Doosan and Bobcat logos hanging side by side on t
Hyosung Advanced Materials is ramping up its sales volume by supplying various tire cords as the electric vehicle market has been steadily growing.In 2022, the global sales of electric vehicles increased by 71.8 percent year on year to 8.2 million units. This accounted for 10 percent of total global
As a gateway to Korea, Incheon is a city open to the world as it boasts both Incheon Port and Incheon International Airport. It is growing into a world-class city with a population of 3 million, including wide plains and mountains, the sea, and numerous islands large and small. Business Korea conduc
Canada is actively taking steps to build a Korean battery value chain. The nation is trying to get attention from Korean battery makers by promising federal and state incentives for them. The United States and the European Union (EU) which share a customs union with Canada, announced trade policies
Experts say that China will continue to curb steel production again this year as it did last year. Accordingly, attention is focusing on whether Korean steel makers’ price negotiation power will increase as the amount of low-priced Chinese steel products will be reduced.According to foreign media ou
Samsung Electronics established an Advanced Package (AVP) organization in charge of packaging technology and product development in December of last year. The Korean semiconductor giant announced its goal to go beyond the limits of semiconductors with advanced packaging technology.“We at the AVP Bus
LS Cable & System announced on March 23 that it has won a contract to supply undersea cables worth approximately 110 billion won (US$85 million) to Taiwan Power Corporation (TPC) for a wind farm to be built in the western sea of Taiwan.Taiwan will complete a 5.5 GW wind farm as the first offshore wi
The author is an analyst of NH Investment & Securities. He can be reached at minjae.lee@nhqv.com -- Ed.Starting with Kori #2 (2033), 14 NPPs with a combined capacity of 12.5GW are to exceed 50 years of design life by 2050. The average useful life of NPPs in operation will rise to 30 years by 2035, a