In the second quarter of this year, Korea’s net external financial assets (external financial assets minus external financial liabilities), which reflects the country’s external solvency, declined amid rising stock markets at home and abroad.However, Korea’s ratio of short-term external debt to tota
LG Innotek will join hands with SK E&S to expedite the attainment of its RE100 goals. RE100 is a commitment to use electric power only from renewable energy such as wind and solar.On Aug. 23, LG Innotek announced that it has signed a direct power purchase agreement (PPA) with SK E&S.A direct PPA is
Hyundai Motor has started the process of selling its Chongqing factory in China, which has been non-operational for over a year. This is the second such move after it sold its Beijing 1 factory in 2021. Hyundai also plans to halt operations and prepare for the sale of its Chengzhou factory, one of t
Hanwha Ocean decided on a capital increase of approximately 2 trillion won during its board meeting on Aug. 23. Concurrently, the company also set forth a goal to achieve 30 trillion won in sales and 5 trillion won in operating profit by 2040.Out of the funds secured from this capital raise, about 9
Hanwha Ocean (formerly Daewoo Shipbuilding & Marine Engineering) is preparing to raise funds amounting to around 2 trillion won. This move is proactive investment in defense and other sectors in preparation for the future.On Aug. 22, Hanwha Ocean announced, “We are reviewing various ways to raise fu
The Korean government has secured the rights to negotiate a US$1 billion water supply project for an industrial park in Bangladesh.The Korean Ministry of Land, Infrastructure, and Transport and Korea Overseas Infrastructure & Urban Development Corporation (KIND) said on Aug. 21 that Bangladesh grant
“Team Korea,” comprising public corporations, private enterprises, and policy funds, has successfully undertaken a massive solar project in the U.S. valued at 600 billion won.The Korea Overseas Infrastructure & Urban Development Corporation (KIND) and the PIS Fund (Plant, Infrastructure, Smart City
With the increasing utilization of renewable energy sources such as solar and wind power, which generate varying outputs depending on weather conditions, the frequency of “curtailment,” which means generating less power than planned, in nuclear power generation has risen fourfold compared to two yea
Korea’s trade balance in the information and communications technology (ICT) industry provisionally reached a surplus of US$3.19 billion in July after a slowdown in a drop in exports from April to June.The Ministry of Trade, Industry and Energy (MOTIE) said on Aug. 16 that ICT exports reached US$14.
The White House announced on Aug. 9 (local time) that in the first year since the implementation of the CHIPS and Science Act it has attracted investments amounting to US$166 billion from over 460 companies worldwide.The U.S. Department of Commerce stated that “More than 460 letters of intent for in
The author is an analyst for NH Investment & Securities. He can be reached at ys.jung@nhqv.com -- Ed.With its acquisition of Bladt, CS Wind has entered the offshore wind substructure arena. We estimate that supply of offshore wind towers and substructures will push up the firm’s overall annual sales
The semiconductor battle between the United States and China is escalating. The U.S. has imposed sanctions on semiconductor exports to China, citing threats to national security, to which China responded by blocking exports of key semiconductor minerals. The U.S. is now considering restricting even
Amid the prevailing downturn in the semiconductor sector, Samsung Electronics managed to maintain its leadership in the global memory semiconductor market during the first quarter of this year, while SK hynix encountered a decline in its market standing.According to market research firm Omdia on Aug
In 2Q 2023, LG Household & Health Care (LG H&H Co., Ltd) reported 1.8tr won in sales (-3.0% yoy), 158bn won in operating profit (-27.1% yoy).The Company sales decreased mainly due to Beauty’s 8% yoy decline, while HDB and Refreshment sales grew slightly yoy. Operating profit for the Company decrease
The author is an analyst for NH Investment & Securities. He can be reached at kyeongkeun.kang@nhqv.com -- Ed.Specialized steel pipe manufacturer Nexteel boasts sound earnings, with its raw materials cost-ASP spread widening amid strong US demand for energy pipes. Utilizing funds to be raised through
Taihan Cable & Solution has successfully developed the world's most advanced HVDC cable.Taihan (CEO Song Jong-min) announced on August 2 that it has completed the development of a 525kV VSC (Voltage Source Converter) HVDC (High Voltage Direct Current) land cable system and obtained international
Hyundai Engineering & Construction (Hyundai E&C) has secured a contract to construct a high voltage direct current (HVDC) transmission line in Saudi Arabia.According to Hyundai E&C on Aug. 1, the company has signed a contract for the “Saudi Neom-Yanbu 525kV HVDC Transmission Line Construction Projec
The author is an analyst for NH Investment & Securities. He can be reached at minjae.lee@nhqv.com -- Ed.Hyundai E&C’s 2Q23 results beat both consensus and our estimates on increased sales at its housing business. In addition to likely order growth for overseas petrochemical and infrastructure projec
The author is an analyst for NH Investment & Securities. He can be reached at minjae.lee@nhqv.com -- Ed.With an equipment defect issue that arose last year now being resolved, the share of power generation in France represented by NPPs has recovered to the 72% level. Once the competitiveness of Élec
Doosan Enerbility, a South Korean energy solutions company, announced on July 17 that it has entered into a collaboration agreement for an ammonia cracking business with Johnson Matthey (JM), a leading ammonia cracking solution firm in the U.K.The signing ceremony was held at the R&D office of JM, l