Hyundai Motor Group will invest in BOS Semiconductors, a Korean startup that designs automotive software and system semiconductors.Established this year, the company is capable of developing system semiconductors such as high-performance, low-power chips essential to automotive semiconductors, centr
Huawei has recently hosted the TECH4ALL Education Global Online Summit. Officials and experts at the summit explored how digital technologies will transform today's education systems into a more inclusive and innovative paradigm, democratize access to education resources, and build-in systemic r
The authors are analysts of Shinhan Investment Corp. They can be reached at snowKH@shinhan.com and wonyong.sim@shinhan.com, respectively. -- Ed. 2Q22 OP comes in at KRW28.7bn (-14% YoY)Hyundai Autoever reported operating profit of KRW28.7bn (-14% YoY) on sales of KRW630.2bn (+22% YoY) for 2Q22, beat
The authors are analysts of Shinhan Investment Corp. They can be reached at snowKH@shinhan.com and wonyong.sim@shinhan.com, respectively. -- Ed. 2Q22 sales to come in at KRW569.9bn (+11% YoY)We now expect Hyundai Autoever to report operating profit of KRW25.3bn (-25% YoY, +13% QoQ) on sales of KRW56
Huawei announced a batch of key inventions as part of its biennial "Top Ten Inventions" Awards at the "Broadening the Innovation Landscape 2022" forum held at its Shenzhen headquarters in China on June 8.The award is designed to recognize inventions that could create new series of products, become i
U.S. President Joe Biden and South Korean President Yoon Suk-yeol stressed the importance of the two countries’ technology alliance all the way through their recent summit. In this regard, experts point out that South Korea needs to increase its investment in the AI chip industry, which is still in
Hyundai Motor Group announced on May 22 that it would invest more than US$10 billion in the United States by 2025 to secure future growth.The group's chairman Chung Eui-sun announced the plan following his meeting with U.S. President Joe Biden in Seoul. “We will strengthen our partnership with U
Samsung Electronics Co. has released a white paper that lays out the company’s vision for securing global frequency bands for 6G, the next generation communications technology. The paper, titled “6G Spectrum: Expanding the Frontier,” discusses ways to obtain the spectrum needed to achieve the compan
The authors are analysts of Shinhan Investment Corp. They can be reached at snowKH@shinhan.com and wonyong.sim@shinhan.com, respectively. -- Ed. 1Q22 operating profit comes in at KRW22.4bn (+95% YoY)Hyundai Autoever registered operating profit of KRW22.4bn (+95% YoY) on sales of KRW559.6bn (+57% YoY
In the smartphone market, Samsung Electronics quickly caught up with Apple with a fast-follower strategy. As a result, in terms of sales volume, Samsung has maintained the No. 1 spot since 2011. However, unlike Apple, which expanded into other smart devices, such as the iPad, the MacBook and the App
The Korea Economic Research Institute (KERI) said in a report that Korea needs to improve its regulatory system for the commercialization of Level 3 or higher autonomous driving.According to the institute, which is affiliated with the Federation of Korean Industries, the global market for autonomous
For the first time in South Korea, the Korea Institute of Machinery and Materials (KIMM), an institution under the jurisdiction of the Ministry of Science and ICT, has succeeded in developing a robotic catheter system for use in interventional heart, lung, and bladder procedures. This new technology
Samsung Electronics will host its first-ever Samsung 6G Forum on May 13, the company announced on April 13. Under the theme of ‘The Next Hyper-Connected Experience for All,’ the Samsung 6G Forum will bring together leading global experts from academia and industry in the area of next-generation comm
LG Electronics has emerged as the No. 1 player in the global telematics control unit (TCU) market. TCUs are a key component that implements vehicular communications for connected cars.According to market research firm Counterpoint Research, LG Electronics accounted for 35.2 percent of the TCU market
Bithumb, Coinone and Korbit interconnected their travel rule solutions on April 8, allowing users to send and receive cryptocurrencies among themselves, regardless of the amount. CODE, their joint venture, is planning to expand the interconnection to cover more exchanges. According to the Act on Rep
Consumer complaints are continuing over the poor call quality of Samsung Electronics’ Galaxy S22 smartphones.Some Galaxy S22 users lodged complaints about poor calls on Samsung Electronics’ official community and Naver online cafés. Consumers complained that no sound was heard after a call was conne
LG CNS has entered the emerging 5G private network business. It will build and operate a private 5G network at LG Innotek's plant in Gumi.The Ministry of Science and ICT announced on March 31 that it has completed frequency assignment for LG CNS and registered it as a basic communication busines
An increasing number of tech firms are focusing on metaverse. For example, Samsung Electronics said on March 16 that it is working on metaverse devices and solutions. According to market research firm IDC, the global VR and AR device market grew 92.1 percent in 2021 and its average annual growth unt
Remi Eriksen, CEO of DNV, recently had an interview about the longstanding relationship between his company and Korea. DNV is the world’s largest international accredited registrar and classification society and is headquartered in Norway. It provides services to a range of industries, including the
LG Electronics announced on March 20 that it has launched new LG Gram laptop models loaded with an external graphic card, for the first time among LG Gram models.LG Electronics’ new Gram products (the 17Z90Q and 16Z90Q models) are loaded with Nvidia’s powerful external graphics card (RTX 2050).The L