BMW Korea has reclaimed its position as the leader in the South Korean imported car market for the first time in eight years, surpassing Mercedes-Benz Korea. Sales of eco-friendly cars, including electric and hybrid vehicles, have overtaken gasoline cars.According to the Korea Automobile Importers &
The 42nd JP Morgan Healthcare Conference is set to take place from Jan. 8 to 11 in San Francisco, California, in the U.S. This annual event, held every January, is renowned as the world’s largest healthcare investment venue where major global pharmaceutical companies, emerging biotech firms, and pro
Hyundai Motor Group has achieved its highest-ever sales record in the United States, selling over 1.6 million vehicles last year. This milestone has propelled Hyundai Motor Group, the world’s third-largest automaker, into the top 5 in the U.S., surpassing Japan’s Honda. Last year, the group also ove
Blueprints of a submarine designed by Hanwha Ocean (formerly Daewoo Shipbuilding & Marine Engineering) have been leaked to Taiwan, with the police currently investigating the matter. The leaked submarine blueprints pertain to the DSME1400 model, a variant of the 209-class KSS-1 submarine. Three of t
Samsung Electronics’ Internet of Things (IoT) platform SmartThings, previously implemented in its home appliances, is set to expand into Hyundai Motor Group’s connected car services, creating a seamless connection between vehicles and homes.Samsung Electronics and Hyundai Motor Group announced on Ja
Goldman Sachs Asset Management today announced the final close of West Street Life Sciences I, representing the first fund in the firm’s Life Sciences Investing strategy. Life Sciences I closed above its fundraising target, with $650 million in equity commitments from a global, diverse group of inst
Dong-A ST announced on Jan. 4 that it has signed a license-in agreement with SK Biopharmaceuticals to license out its new epilepsy drug Cenobamate in 30 countries including Korea, Southeast and Southwest Asia, Russia, Australia, New Zealand, and Turkiye.Under the agreement, Dong-A ST will receive dr
Hahn & Company has won a share transfer lawsuit against Namyang Dairy Chairman Hong Won-sik and the rest of the Namyang Dairy owner family, putting an end to a legal battle which took more than two years.On Jan. 4, the Second Division of Korea’s Supreme Court affirmed the original ruling in favor of
The author is an analyst for Shinhan Securities. He can be reached at ldh@sinhan.com -- Ed.HD Hyundai Electric is expected to have earned sales of KRW844bn (+24% YoY) and operating profit of KRW100.9bn (+97% YoY) in 4Q23, beating consensus estimates by 6% and 14%, respectively. Operating margin like
The author is an analyst for NH Investment & Securities. She can be reached at eunsang.lee@nhqv.com -- Ed.The Seoul office market should remain brisk in 2024. Despite its status as Korea’s largest office REIT player, Shinhan Alpha REIT is showing a 2024E P/NAV of only 0.6x. But, we believe that the
The author is an analyst for NH Investment & Securities. He can be reached at pk.park@nhqv.com -- ed.Samsung Biologics should post healthy 4Q23 earnings. We attribute the firm’s recent share price rise to an easing of valuation burden (based on 2025F EV/EBITDA) and the potential for antibody market
Hanwha's multipurpose unmanned ground vehicle (UGV), the Arion-SMET, has completed a week-long field test conducted by the US Marine Corps and US Army. This accomplishment marks a significant milestone for the robotic vehicle, positioning it as a potential contender in the global UGV market.The fiel
The State of West Virginia and LG Electronics announced a strategic initiative to grow new business ventures in West Virginia to advance the development of new technologies for renewable energy, healthcare and industries of the future.The businesses, developed by LG NOVA, LG Electronics’ North Ameri
AIMMO, securing clients including Bosch, Continental, Magna International, etc., takes a leap onto the global stage, accelerating its overseas expansion.The global AI data platform, AIMMO (Seung-Taek Oh, CEO), will participate in the world's largest information technology exhibition, 'CES 2024,' hel
"AI is All, FAST is Fast, Death of Linear TV, Content Format Shift, M&A, Advertising, Bundling"These are the keywords that will dominate the domestic and international media, broadcast communication, and entertainment technology markets in 2024.Direct MediaLab, The Core, and the Digital Industry Pol
As the food industry is gaining ground in overseas markets thanks to the global craze for K-pop and other aspects of Korean pop culture, three Korean fried chicken companies are also determined to actively explore new markets this year. In addition to Asian countries such as Taiwan and Singapore, th
비지니스코리아 Michael Herh (pr@businesskorea.co.kr)HD HHI and Hanwha Ocean have mapped out plans to reduce the proportion of merchant ship orders this year and focus on the naval vessel business in 2024.On Jan. 3, HD HHI set a US$988 million order target for its specialty ship (naval vessel) business, whi
Semiconductor stocks including those of Samsung Electronics and SK hynix fell altogether.On the KOSPI and KOSDAQ stock market on Jan. 3, stocks of semiconductor giants and even companies producing materials, components, and equipment for chipmakers fell due to an anti-China export control issue invo
Hyundai Motor and Kia Corp. have set a combined sales target of 7.43 million units for 2024, down 1% from 2023, taking into account overlapping schedules such as factory line maintenance to produce electrified vehicles, which will limit the production and sales of some models.Hyundai and Kia announc
Chef Jimyung Lee of Park Hyatt Seoul, celebrated for his creativity and artistry, and Chef Narae Kim of Park Hyatt Paris-Vendôme, named the Best Pastry Chef of the Year by the French restaurant guide Gault & Millau, will jointly present "Four Hands Dessert: Taste of Seoul and Paris" on the top floor