MBK Partners announced that Moon Joo-Ho, the executive director in charge of special situations investments in Korea, was promoted to the position of partner and vice president on Jan. 1.Vice President Moon graduated from Seoul National University with a degree in Business Administration and holds a
The author is an analyst for NH Investment & Securities. He can be reached at minwoo.ju@nhqv.com -- Ed.Near-term earnings are likely to remain tepid at LGES due to ASP decline and fixed cost burden resulting from low operating rates. As such earnings weakness has been foreseen from 2023, however, it
Lotte Chilsung Beverage announced on Jan. 9 the opening of a pop-up store for its Saero zero sugar soju on Bui Vien Street in Ho Chi Minh City, Vietnam.The Saero pop-up store is designed to expand the brand experience and increase intimacy with the young local population in Vietnam. Recently, Saero
At CES 2024, held from Jan. 9 to 12 in Las Vegas, Nevada, in the U.S., SK telecom is showcasing transformative AI technologies designed to alter everyday life.Located in the Central Hall of the Las Vegas Convention Center, SK Group’s exhibition booth featured a Magic Carpet attraction, embodying Urb
Samsung C&T Corporation, along with its subsidiaries Samsung Biologics and Samsung Bioepis, announced on Jan. 9 the signing of a memorandum of understanding (MOU) for strategic cooperation with the U.S.-based Flagship Pioneering through their jointly established Life Science Fund No. 2 (SVIC 64th Ne
Considering the key role of electronics in future cars, alliances between electronics and automotive companies, dubbed E-Vehicle Alliances, are being formed worldwide.Sony Honda Mobility, the electric vehicle joint venture of Sony and Honda, held a press conference in Las Vegas on Jan. 8 (local time
SK hynix announced that President and CEO Kwak No-jung held a media conference in Las Vegas, U.S., a day before the opening of CES 2024, on Jan. 8 (local time). The theme of the conference was “Memory, The Power of AI.”In the meeting with major domestic and international journalists, President Kwak
Samsung Electronics has been revealed to have been emitting toxic substances over the past decade at its Bac Ninh plant in Vietnam, failing to take appropriate measures. According to Newstapa on Jan. 9, the American investigative journalism outlet The Examination reported this issue based on a conve
Korea’s current account has been in surplus for seven consecutive months as its exports recovered.Korea’s current account surplus stood at US$4.06 billion in November last year, according to provisional balance of payments statistics released by the Bank of Korea on Jan. 9. It had been in surplus fo
Korea’s three major battery makers lost to China’s CATL and BYD in the global electric vehicle battery market standings from January to November 2023, dropping by 1.3 percentage points year on year.According to SNE Research, a market research firm specializing in energy, the total usage of batteries
Vamos Formula E! This weekend, the ABB FIA Formula E World Championship gets Season 10 underway at a global metropolis with a population of roughly 22 million: Mexico City.The Hankook Mexico City E-Prix will take place on the 12th and 13th of January at Autodromo Hermanos Rodriguez in the Mexican ca
Hanwha Q CELLS has signed the largest solar power contract in U.S. history with Microsoft.The solar power-specialized company announced on Jan. 8 (local time) that it has signed a contract with Microsoft to supply a total of 12 gigawatts (GW) of solar panels through 2032. This is an increase in size
Doosan Group announced on Jan. 9 (local time) that it held a press conference ahead of the opening of CES 2024 in Las Vegas in the U.S. on Jan. 8 (local time).The event was held at the Mandalay Bay Convention Center in Las Vegas with the attendance of more than 200 media employees from around the wo
Ssangyong Engineering & Construction (E&C) announced that it has won the final order for the construction and operation of solar power generation facilities and energy storage system (ESS) facilities in Haiti ordered by Haiti’s Ministry of Economy and Finance (MEF).The project is to build and operat
STX has secured a stake in a local lithium mine in Peru to secure lithium, a key material for secondary batteries and trade lithium concentrates.STX announced on Jan. 9 that it has secured a stake in a lithium mine located in Puno Province in southeastern Peru and an off-take right to sell lithium c
Samsung Electronics’ stock price has been struggling to reach the 80,000-won (US$60.61) mark. On Jan. 9, the company concluded the market at 74,700 won, recording a decrease of 1,800 won, or 2.35%, compared to the previous day. Although Samsung Electronics briefly rose to 77,000 won in the early mar
SK hynix has successfully issued a US$1.5 billion dollar-denominated bond.According to foreign reports on Jan. 9, SK hynix conducted demand forecasts for dollar bonds in Asia, Europe, and the United States the previous day and confirmed the issuance of a US$1.5 billion bond. The issued dollar bonds
South Korea’s first food service company Ourhome has responded to the accusation of professional malpractice made by former Vice Chairman Koo Bon-sung against his younger sisters -- current Vice Chairman Koo Ji-eun and the company’s internal director Koo Myung-jin -- the previous day. OurHome stated
With the re-addition of Guatemala, the only Central American country that had previously withdrawn from the Free Trade Agreement (FTA) with South Korea and Central American nations, the FTA has reached its final completion.The Ministry of Trade, Industry, and Energy (MOTIE) announced that it formall
Hyundai Motor India Limited (HMIL), announced Rs 6 180 Crore investment plans in the state of Tamil Nadu (this includes Rs 180 crore towards a dedicated ‘Hydrogen Valley Innovation Hub,’ in association with IIT- Madras). This is in addition to the Rs 20 000 Crore investment planned in a phased manne