LG Electronics has announced plans to showcase the future of smart homes powered by artificial intelligence (AI) at the world’s largest consumer electronics and IT exhibition, CES 2024, scheduled for January 9.The LG Smart Home utilizes AI to comprehensively understand and care for the customer’s li
President Yoon Young-jun of Hyundai E&C expressed his intention to focus the company’s capabilities more on overseas markets than the domestic market in the new year.In his New Year’s address on Jan. 2, President Yoon stated, “Despite the dark clouds over the construction market due to the triple ch
On Jan. 2, Kim Yoon, chairman of Samyang Group, announced, “The year 2024, marking the 100th anniversary of our foundation, will be the inaugural year of transformation for a new Samyang.”During the New Year’s ceremony at the Samyang Discovery Center in Pangyo, Chairman Kim emphasized three core man
The demand for spandex, a functional fiber known for its strength and elasticity and widely used in clothing such as hiking apparel and leggings, is showing signs of recovery. This has led to Hyosung TNC’s spandex facilities operating at over 90% capacity.Industry sources reported on Jan. 2 that the
Korea Aerospace Industries (KAI) announced on Jan. 2, 2024, that it has completed the delivery of 12 FA-50GF aircraft to Poland just 15 months after signing the export contract.KAI stated, “After signing a contract in September 2022 for the export of 48 FA-50 jets to Poland, the first and second FA-
MedPacto announced on Jan. 2 that it has received approval from the U.S. Food and Drug Administration (FDA) for an Investigational New Drug (IND) application for the combination therapy of Vactosertib and Pembrolizumab (commercially known as Keytruda).This clinical trial targets patients with previo
Celltrion Group revealed on Jan. 2 that it plans to divest the business rights, excluding domestic specialty pharmaceuticals, of the Primary Care sector in the Asia-Pacific region that it acquired from multinational pharmaceutical company Takeda Pharmaceutical in 2020. This split sale, which exclude
The author is an analyst for NH Investment & Securities. He can be reached at pk.park@nhqv.com -- Ed.Gene cell therapy approaches are gradually gaining renewed attention in response to recent CRISPR and CAR-T news. GCT received keen attention in 2H20 as a viral vector and mRNA-based coronavirus vacc
The author is an analyst for NH Investment & Securities. He can be reached at sw.kang@nhqv.com -- Ed.We attribute the strong yield drop of 4Q23 to a reversal of the sharp r* increase fears of 3Q23, rather than bets on economic downturn. Of note, the Fed’s actual r* estimate was halved in 4Q23. For t
LG Display will unveil its next-generation in-vehicle display solutions at CES 2024, the world’s largest IT and consumer electronics show held in Las Vegas, Nevada, in the United States.LG Display will be exhibiting at the West Hall of the Las Vegas Convention Center (LVCC) with a booth about in-veh
LS Mtron is expediting its penetration of the U.S. market by securing an agricultural machinery export hub in central Texas in the United States.According to industry sources on Jan. 1, LS Mtron will complete a tractor logistics center and assembly plant in Palestine, Texas, in February. The facilit
In 2023, Korea lost the top spot to China in global shipbuilding orders for three years in a row but it maintained its pride by holding the first through fourth positions in terms of order backlog (shares) by shipyard. Although the nation lost in shipbuilding order quantity, it fared well in terms o
In 2023, Korea’s shipbuilding industry lost the world’s top spot to China for the third consecutive year. However, even as orders fell by more than 37 percent in 2023, the proportion of high-value vessels such as liquefied natural gas (LNG) carriers climbed.Global shipbuilding orders totaled 41.49 m
Korean construction companies have reportedly decided not to participate in resuming the construction of the world’s tallest building in Jeddah, a resort city near the Red Sea. It has already been seven years since construction was halted due to local conditions in Saudi Arabia. Many experts say tha
The foundry business that produces batteries developed and designed by customers is rising as a hot issue in the battery industry with automakers set to launch a large number of new electric vehicle (EV) models this year.The foundry business generally belongs to the semiconductor industry. In the 19
Earnings at Samsung C&T have been leveling upwards on strong earnings at the construction division through captive clients and brisk growth at the bio division. Based on such, the firm has announced plans to: 1) expand investment to strengthen its business portfolio; and 2) retire all of its treasur
South Korea recorded a trade deficit of US$9.97 billion last year, marking the second consecutive year of deficit since 2022. However, the trade deficit in the past year contracted compared to 2022 when it was US$47.78 billion, primarily due to the recovery in exports in the latter half of the year.
In December of last year, domestic semiconductor exports recorded the highest annual growth rate yet. The prices of memory semiconductors, the main export products of Samsung Electronics and SK hynix, have consistently been on the rise.According to the Ministry of Trade, Industry, and Energy on Jan.
Hyundai Motor announced on Jan. 1 that its IONIQ 5 has been selected as “Car of the Year 2023” in Singapore. The prestigious award, hosted by Singapore's largest daily newspaper, The Straits Times, has been a significant automotive accolade in the region since its inception in 2003. Every year, newl
In 2024, Hyundai Motor Group is focusing its business on transitioning to Purpose-Built Vehicles (PBVs) and Software-Defined Vehicles (SDVs).Hyundai Motor Group’s PBV strategy takes its first step with Kia unveiling its PBV lineup at the Consumer Electronics Show (CES) 2024, after a five-year hiatus