The author is an analyst for Shinhan Securities. He can be reached at snowKH@shinhan.com -- Ed.Earnings to improve gradually from a sluggish 1Q23TSE registered an operating loss of KRW6.6bn in 1Q23. The company saw a dip in overall top line with sales from probe cards falling to KRW4.5bn (-74% YoY),
The Korean government has reportedly asked the U.S. government to double the limit for Korean companies receiving CHIPS Act subsidies in ramping up their semiconductor production capacities in China. The U.S. Department of Commerce is finished accepting opinions and will announce a finalized CHIPS A
Korean battery material companies, including LG Chem, are accelerating the localization of key precursor materials for cathodes following the implementation of the U.S. Inflation Reduction Act (IRA) this year. As domestic production is expected to increase significantly from next year, attention is
SK on, a battery subsidiary of SK Innovation, has successfully secured long-term financial investment.SK Innovation announced on May 24 that they held a board meeting to approve a shareholder agreement for attracting investment in SK on. The agreement is expected to be signed between SK Innovation,
Recently, the secondary battery industry and the automotive industry have been competing for leadership in battery packs. While battery companies prefer turnkey supply from battery cells to modules and packs, the automotive industry has a position that it cannot lose out on the lead in manufacturing
The author is an analyst for NH Investment & Securities. He can be reached at yk.choi@nhqv.com -- Ed.We expect to see a gradual recovery in the oil refining and petrochemical industries in 2H23. While the refining industry's capacity to expand supply is limited, Chinese travel demand has entered
The author is an analyst for NH Investment & Securities. He can be reached at soohong.cho@nhqv.com -- Ed.Although macroeconomic uncertainties linger, global auto sales should come in healthy, considering the positives in play. Also, while there are concerns over peak-out in the process of production
SK bioscience, a global innovative vaccine and biotech company committed to promoting human health from prevention to cure, announced that the company’s CEO, Jaeyong Ahn presented methods for equitable access of vaccine in the world at the Regionalized Vaccine Manufacturing Collaborative (RVMC) Side
The Korean government and the private sector will invest more than 14.3 trillion won (US$10.9 billion) in the Korean auto parts industry. The government, automakers, and related organizations will provide their maximum support to foster Korean experts in core technologies for future vehicles, expand
The Netherlands’ ASM, the world’s No. 1 semiconductor deposition equipment maker, will ramp up its investment in Korea, one of its main bases, as demand for advanced semiconductors grows. Analysts say that the world’s top four semiconductor equipment makers are rushing to Korea, following the lead o
The author is an analyst for Shinhan Securities. He can be reached at jinmyung.lee93@shinhan.com -- Ed.Chemical sector at the crossroads of survivalThe petrochemical sector is cyclical in nature, where profits generated during an up- cycle are invested during a down-cycle to prepare for the next boo
The author is an analyst for NH Investment & Securities. He can be reached at jaekwang.rhee@nhqv.com -- Ed.Requiring significant capital investment, the aerospace/defense industry is intimately connected with national defense. In line, in times of heated competition between nations, defense expendit
Beginning in 2025, a game of battery chicken is anticipated to kick off among South Korean firms like LG Energy Solution, SK on, and Samsung SDI, and Chinese companies such as CATL. This comes as a result of major companies' factory expansions that are projected to manufacture around 50% more ba
CJ CheilJedang announced on May 21 that it will extend the Schwan's pizza factory in Salina, Kansas, by approximately 40,000 square meters.With this extension, the Schwan's Salina pizza factory has become the largest frozen pizza production facility globally, with a total area of 90,000 squa
The author is an analyst for NH Investment & Securities. He can be reached at midas.sohn@nhqv.com -- Ed.In 2H23, the domestic economy is expected to ride a sliding path. In times when external environments turn murky, we advise investment in firms boasting individual growth catalysts. In this report
The author is an analyst for NH Investment & Securities. She can be reached at hzl.lee@nhqv.com -- Ed.Amid this global economic slump, advertisers’ marketing expenditure has shrunk, which has resulted in sluggish earnings at ad and media companies. Digital media firms, which had held out well thanks
The author is an analyst for NH Investment & Securities. He can be reached at hwdoh@nhqv.com -- Ed.As all three major memory chip makers have joined in production cuts, memory supply-demand conditions are projected to improve from 3Q23, breaking away from excess supply. For 2023, DRAM supply growth
The author is an analyst for NH Investment & Securities. He can be reached at minwoo.ju@nhqv.com -- Ed.Auto demand is forecast to come in solid from 2H23, considering expectations for: 1) a rebound in the CLI; 2) interest rate peak-out (or cut); and 3) the easing of supply chain bottlenecks. Conside
The author is an analyst for NH Investment & Securities. He can be reached at hwdoh@nhqv.com -- Ed.Memory makers are recently being seen reviewing product price hikes. DDR5 spot prices have turned upward, and contract prices are expected to rise from 3Q23.YMTC boosts NAND price tagsLooking at indust
The Russian government has reportedly rejected Hyundai Motor's application to sell off its Russian plant. As Toyota, Nissan, Renault, and Volkswagen have already said their goodbyes and left Russia, Hyundai has become the only global carmaker remaining there. With the possibility of a prolonged