Hyundai Motor Group and Rhode Island School of Design (RISD) announced on June 23 a research collaboration to examine relationships among natural and built environments in order to propose new directions for the future of mobility.The study expands on the smart mobility vision announced by Hyundai M
As the COVID-19 crisis is likely to be prolonged, airlines are seeking to raise funds to ease their deteriorating business conditions. But many are facing an uphill battle. Some airline officials say that they may have to consider even selling aircraft to stay afloat.Korean Air raised 300 billion wo
JOLED, an OLED manufacturer in Japan, filed a patent infringement lawsuit against Samsung Electronics, Samsung Display, and Samsung Electronics' U.S. subsidiary with the U.S. District Court for the Western District of Texas on June 22, the company announced in its website.A company jointly set u
A revised agreement of the Chiang Mai Initiative Multilateralization (CMIM) became effective on June 23.The CMIM is a multilateral currency swap agreement of the ASEAN, South Korea, China and Japan. In the CMIM, South Korea can withdraw US$38.4 billion when there is a sign of a financial or currency
The Ministry of Trade, Industry and Energy signed a cooperation agreement and launched a task force for hydrogen imports with 30 companies and organizations in the hydrogen industry. The purpose of the task force is to set up a hydrogen supply network before a substantial increase in domestic hydrog
The author is an analyst of NH Investment & Securities. He can be reached at jaemin.ahn@nhqv.com. -- Ed. Despite low seasonality, we expect Neowiz’s web-board game sales to climb more than 10% q-q in 2Q20. Moreover, sales growth is to accelerate in the peak season of 2H20. The launch of new games in
The Korean government has rolled up its sleeves to foster Korean platforms that can compete with multinational OTT services such as Netflix and YouTube.The government laid out the Digital Media Ecosystem Development Plan at a meeting of the Information and Communication Strategy Committee on June 22
The Bank of Korea announced on June 22 that the total net asset of South Korean households and nonprofit organizations was approximately 8,726 trillion won as of the end of 2018 with housing assets and non-housing real estate assets accounting for 50.5 percent and 25.7 percent of the total, respecti
Samsung Heavy Industries announced on June 22 that the U.S. District Court of Texas has rejected a US$250 million damage claim filed by Petrobras America in March 2019.Petrobras America filed the suit, claiming that a brokerage fee paid to a broker was unfairly used in the course of shipbuilding con
Korea Water Resources Corp. (K-Water) announced on June 23 that it has signed a project management consultant (PMC) contract with the Korea International Cooperation Agency (KOICA) on advancing Pakistan's overall water quality management capacity.K-Water will work together with Mine Reclamation
The South Korean government is considering allowing conglomerate holding companies to own corporate venture capitals (CVCs) on certain conditions. Related measures are likely to be announced next month.Early this month, the government said that it would contemplate the approval so that the venture a
The Korea Institute for Industrial Economics & Trade said in its recent report that most key industries of South Korea would have to continue to struggle in the second half of this year in the wake of COVID-19 and only a handful of sectors benefiting from the rise of the contactless economy would be
The author is an analyst of NH Investment & Securities. He can be reached at jack.baek@nhqv.com. -- Ed. Mercury’s Wi-Fi 6 AP sales are expected to pick up in earnest from 2H20, backed in part by the securing of all three major domestic telcos as customers. In addition, profits look set to rise at th
The authors are analysts of Shinhan Investment Corp. They can be reached at doyeon@shinhan.com and sungjun.na@shinhan.com, respectively. -- Ed. 2Q20 OP forecast at KRW6.17tr(-4.3% QoQ)Samsung Electronics is forecast to post sales of KRW54.23tr (-2.0%QoQ) and operating profit of KRW6.17tr (-4.3%QoQ)
The author is an analyst of NH Investment & Securities. He can be reached at sw.kang@nhqv.com. -- Ed. For the first time since Feb 26, the Fed’s total asset amount declined last week. With the Fed appearing to believe that the financial and credit markets have stabilized, its policy focus is to shif
The author is an analyst of Shinhan Investment Corp. He can be reached at mj1224@shinhan.com. -- Ed. Focus on expectations for new titles and overseas launches in 2021NCsoft is gearing up for the overseas release of Lineage II M (end-2020) and new game launches, including Blade & Soul II (end-2020)
SsangYong Motor has signed a basic contract with Songuo Motors, a Chinese electric vehicle manufacturer, and Hyolim Precision, a Korean auto parts manufacturer, on knockdown sales of the Tivoli and platform technology cooperation.The three companies held a signing ceremony at SsangYong Motor's S
Sandwiched between luxury German brands and budget local brands, Beijing Hyundai is gradually losing ground in the Chinese automobile market.Beijing Hyundai did not make it to the top 15 in monthly retail sales in May, said the Chinese Passenger Car Association (CPCA) on June 21. The CPCA announces
A boycott of Chinese goods and services has erupted in India, following an armed clash between Indian and Chinese troops in the northern Indian region of Ladakh on June 15. This may benefit Korean companies operating in India.China is India's largest source of imports. According to data from Ind
Taiwan's TSMC will continue on its uptrend in 2021 despite its severance of business ties with China's Huawei under pressure from the U.S. government, a recent report predicted.Credit Suisse predicted in a recent report that TSMC's sales will increase 6 percent from 2020 to reach US$37,7