Non-face-to-face work innovation is spreading to industrial logistics sites.KT announced on May 24 that it has deployed 5G-based self-driving carts for smartphone carriage at its Western Logistics Center in Goyang City, Gyeonggi Province. The carts were jointly developed by KT and Twinny Co., a Kore
Before annual shareholder meetings early this year, securities companies expected more electronic voting in relation to the spread of COVID-19. However, it turned out that shareholders’ participation in electronic voting halved compared to last year.In the first quarter of this year, only 0.68 perce
The Ministry of Trade, Industry and Energy is discussing financial support for auto parts manufacturers with automakers. The financial sector, the government and automakers are expected to come up with 10 billion won each and a total of approximately three trillion won is expected to be prepared fro
Samsung Electronics has dispatched an additional 300 engineers to its memory semiconductor plant in Xian, China. The company sent the workforce, including engineers from its subcontractors, departed from Incheon International Airport on a chartered flight on May 22. The engineers entered China on a
Hyundai Motor Co. hosted the ‘Stage X Drive-in Concert’ this past weekend, allowing people to enjoy live music performances from a safe social distance while parked in their cars.The drive-in concert was held at a site near Hyundai Motorstudio Goyang in the outskirts of Seoul for three days, with 30
Samsung Electronics announced on May 24 that the electrocardiogram (ECG) function of the Samsung Health Monitor app has been cleared by South Korea’s Ministry of Food and Drug Safety (MFDS).The ECG feature uses advanced sensor technology on the Galaxy Watch Active2, and will enable users to measure
LG Chem has started to inject capital into a battery joint venture with GM. LG Chem invested US$35.29 million in Ultium Cells in April, according to LG Chem's business report released on May 24. LG Chem and GM announced in December 2019 their plans to invest a total of 2.7 trillion won in the ba
The creditors of Asiana Airlines are expecting HDC Hyundai Development to resume the indefinitely postponed acquisition process for the ailing airline soon, predicting that Russia’s corporate combination review, which was delayed due to the COVID-19 crisis, will be completed next week."There is no r
The three South Korean electric vehicle (EV) battery makers have begun to differentiate their strategies to penetrate global markets. LG Chem is making a foray into the fast-growing European EV market with fast-paced investment, while SK Innovation is making efforts to expand its presence in the Chi
An increasing number of South Korean biotech companies are calling for the government to relax the 52-hour workweek regulation. COVID-19 test kit manufacturers are saying that they would fail to meet their orders due to the regulation and labs working on COVID-19 drugs are saying that they are condu
The market capitalization of Kakao topped that of Hyundai Motor Co. and ranked 10th in the KOSPI market on May 22.That day, Kakao gained 4 percent to close at 247,000 won per share and its market cap increased to 21.5 trillion won. On the other hand, Hyundai Motor fell 2.78 percent to close at 94,50
The author is an analyst of Shinhan Investment Corp. He can be reached at mj1224@shinhan.com. -- Ed. Neowiz continues to expand on its Bless IP with the PlayStation 4 version of Bless Unleased(in-house developed console game) scheduled for release in 3Q20 following the recent launch of the Xbox vers
The author is an analyst of NH Investment & Securities. He can be reached at hwdoh@nhqv.com. -- Ed. Amazon has begun offering Graviton2 instances of its in-house-designed ARM-based server processor. In the future server market, ARM-based processor growth is to outpace that for Intel and AMD’s offeri
Samsung Electronics announced on May 22 the expansion of its lifestyle Home Entertainment portfolio with the addition of The Terrace, its first outdoor 4K QLED TV and accompanying soundbar.The Terrace is a Samsung Smart TV that is specifically designed to bring the full indoor entertainment experien
The author is an analyst of NH Investment & Securities. He can be reached at hwdoh@nhqv.com. -- Ed. Samsung Electronics has declared plans to expand its foundry capacity at the Pyeongtaek 2 line. Meanwhile, TSMC has announced the construction of a new fab in the US. With the foundry industry benefit
The author is an analyst of NH Investment & Securities. He can be reached at jinmyung.choi@nhqv.com. -- Ed. Free of Covid-19 effects, share price to return to pre-pandemic levelLIG Nex1’s 1Q20 orders and sales results evidence no damage from the Covid-19 crisis. The government’s defense expenditure
Hyundai Elevator announced on May 21 that it has developed the world's first carbon fiber belt-type elevator that can travel at an incredible 1,260 meters per minute or 21 meters per second. It was the second feat following the development of the then world's fastest elevator (1,080 meters p
Mirae Asset Group announced on May 21 that it has submitted its answer and counterclaim to Anbang Insurance’s claim in a suit filed by the Chinese insurer over a US$5.8 billion hotel deal.In the answer document submitted to the Delaware Equity Court in the United States on May 20 (local time), Mirae
South Korean companies are in deep worry as the U.S. government is pressuring the South Korean government to participate in an economic bloc aimed at isolating China.Keith Krach, undersecretary of state for economic growth, energy, and the environment said on Wednesday that he and South Korean offic
The authors are analysts of Shinhan Investment Corp. They can be reached at hyungwou@shinhan.com and ym.ko@shinhan.com, respectively. -- Ed. Focus on earnings improvement and rise in MSAP sales share at subsidiarySimmtech saw its subsidiary swing to profit in 1Q20. The subsidiary will likely report