The author is an analyst for NH Investment & Securities. He can be reached at esshim@nhqv.com -- Ed.GnBS Eco is a manufacturer of eco-friendly equipment, including plasma scrubbers for use in the production of semiconductors, displays, and solar panels. We foresee the materialization of a steep earn
Korea Airports Corporation (KAC) announced on March 14 that it will launch the country’s first airport online duty-free shops at Gimpo, Gimhae, and Jeju airports in Korea, following the selection of a new duty-free shop operator for Gimpo Airport on March 6.KAC completed the construction of a common
Korean Air will build an engine maintenance cluster in the Unbuk district of Yeongjong Island, Incheon, to expand its aircraft engine maintenance capacity and expand its aviation maintenance, repair and overhaul (MRO) business.Korean Air announced on March 14 that it held a groundbreaking ceremony f
Samsung Electronics is set to unveil its next-generation storage service tailored for the artificial intelligence era.According to industry sources on March 14, Samsung Electronics will participate in the GTC 2024 NVIDIA AI Developers Conference held at the McEnery Convention Center in San Jose, Cal
The value of overseas construction orders to Korean contractors exceeded US$30 billion for the fourth year in a row in 2023. Korean builders’ target for 2024 is US$40 billion. They have been looking for opportunities in overseas markets as the Korean real estate market has been slumping for a long t
The United States targeting Chinese-made goods as part of its supply chain localization and trade war strategies is expected to affect China’s shipbuilding industry after the Chinese semiconductor industry.According to the Financial Times (FT) and other foreign media outlets, U.S. President Joe Bide
South Korean shipyards are continuously winning contracts for very large crude carriers (VLCCs). Recently, Hanwha Ocean and HD Korea Shipbuilding & Offshore Engineering (HKSOE) have pursued high-value contracts for VLCCs as part of their strategy to diversify their vessel portfolios and prioritize s
The author is an analyst for NH Investment & Securities. He can be reached at junsup@nhqv.com -- Ed.We believe that Samsung Life will boast the most visible and active shareholder return among major insurance plays. However, with such expectations already partially reflected, the firm’s share price
A medical waste treatment system, which is capable of 99.9999 percent sterilization by using high-temperature and high-pressure steam, has been developed for the first time in the country.The Korea Institute of Machinery and Materials (President Seog-Hyeon Ryu, hereinafter referred to as KIMM), an i
LG Chem, Korea’s largest petrochemical company, will shut down its styrene monomer (SM) plant at the end of March. SM is widely used in the manufacture of various petrochemical products. The company is also reportedly considering abandoning production of ethylene oxide (EO) and ethylene glycol (EG),
The Korea Chamber of Commerce and Industry announced on March 12 that it appointed Vice Chairman Cho Hyun-sang of Hyosung as the new chairman of the Korea-Vietnam Economic Cooperation Committee on March 11.The Korea-Vietnam Economic Cooperation Committee was jointly established by the Korea Chamber
Despite a slowdown in electric vehicle (EV) demand, Panasonic, a Japanese battery company, is considering further investment in its De Soto, Kansas, factory in the United States to increase production capacity for the 4680 cylindrical battery, which has five times the energy capacity of existing bat
Hyundai Motor Group has completed the development of ultra-fast chargers and will begin to distribute them in earnest. The internalization of ultra-fast chargers is expected to speed up the expansion of electric vehicle infrastructure.According to sources in the automotive industry on March 11, the
The number of properties purchased by foreigners exceeded 15,000 in Korea in 2023, marking a new high of foreigner real estate buyers on record.According to the latest data on buyers applying for registrations of ownership transfer after purchases and sale on the court registration information plaza
Doosan Enerbility is participating in Saudi Arabia's largest combined cycle power plant project.The company announced on March 11 that it has signed a contract with SEPCO-3 to supply equipment for the Taiba 1 Integrated Cycle Power Plant and Qasim 1 Combined Cycle Power Plant in Saudi Arabia. With t
Incheon Metropolitan City and Shinhan Bank announced that they have signed a memorandum of understanding (MOU) at the Incheon City Hall meeting room on March 11 to secure the hosting of the Asia-Pacific Economic Cooperation (APEC) summit in South Korea in 2025.At the signing ceremony, Mayor of Inche
Celltrion announced on March 11 that it has completed the application process for U.S. Food and Drug Administration (FDA) approval of “CT-P39,” a biosimilar to the asthma and chronic idiopathic urticaria treatment XOLAIR. The company applied for product approval based on the results of a global Phas
SK ecoplant has partnered with the global resort company Therme Group to advance the development of a European-style spa and resort in Songdo.On March 8, SK ecoplant announced the signing of a memorandum of understanding (MOU) with Therme Group for the resort development and construction, as well as
Samsung Bioepis announced on March 10 the clinical results of SB5, a biosimilar to the blockbuster drug Humira, at the American Academy of Dermatology (AAD) Annual Meeting held in San Diego, California, in the U.S. on Feb. 8 (local time). This study aimed to verify whether SB5 can be interchangeably
Choi Yoon-ho, president and CEO of Samsung SDI, announced on March 6, at the opening ceremony of InterBattery 2024, the largest battery exhibition in South Korea held in COEX, Gangnam, Seoul, that “46 mm diameter batteries will be sufficiently ready for mass production by early 2025,” and the exact