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
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.
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
Devsisters’ mobile RPG “Cookie Run: Kingdom” has reached the No. 2 spot on the local app market’s popularity rankings shortly after its release in China.Devsisters announced on Dec. 28 that Cookie Run: Kingdom was released at 7 a.m. in China on Dec. 27 through China’s major Android app market and Ap
Samsung Electronics and SK hynix are making strides in commercializing “On-sensor AI” technology for image sensors, aiming to elevate their image sensor technologies centered around AI and challenge the market leader, Japan’s Sony, in dominating the next-generation market.At the “SK Tech Summit 2023
For the first time ever, China has become the world’s number one auto exporter. This is because China increased sales in Russia where carmakers of Western countries, including South Korea, have left the market and enjoyed a sharp increase in electric vehicle sales, which led to a spike in China’s ca
Korea and the Gulf Cooperation Council (GCC) have finalized negotiations on a free trade agreement (FTA). The Korea-GCC FTA is Korea’s twenty-fifth FTA and the second with the Arab world after the Korea-United Arab Emirates (UAE) Comprehensive Economic Partnership Agreement (CEPA). As Korea has gain
Last month witnessed a turnaround in domestic production and consumption with an increase, while investments declined for the second consecutive month.According to the “Industrial Activity Trends for November 2023” report released by Statistics Korea on Dec. 28, overall industrial production, exclud
LG Household & Health Care is set to introduce its beauty tech device IMPRINTU for the first time in North America. The company has garnered significant interest as it plans to reveal completely unique images created using artificial intelligence (AI) at CES 2024, which will be held for four days st
TakeOne Company (CEO Jung Minchae), a comprehensive content developer, announced that the cinematic adventure mobile game ‘NCT ZONE’ with the group NCT will be officially launched at noon on the 28th through the Apple App Store and Google Play Store.This is a game where you can enjoy new concept puz
The imported car market in Korea which has been dominated by Mercedes-Benz, BMW, Audi, and Volkswagen, is in the midst of a fierce standings battle in the lead up to the end of 2023 so much attention is being paid to whether the market landscape will change. Mercedes-Benz, which has held the top spo
South Korea’s exports will fall by 10% if the world’s major economies split into two groups and strengthen trade barriers against each other, according to a report. However, if Korea promotes export diversification, it will be able to significantly reduce adverse effects.According to the Bank of Kor
The South Korean automotive industry has experienced a year of contrasts in 2023. In the first 11 months, the sector achieved its highest ever performance, but the fortunes of individual companies have varied significantly. Hyundai, Kia, and GM Korea continued to grow, leveraging their leading model
Generative artificial intelligence (AI) smartphones are forecasted to lead market trends starting from 2024 with smartphone manufacturers planning to incorporate generative AI functions into their devices. Industry leaders like Samsung Electronics, with its Galaxy AI, are expected to dominate this e
The rivalry in the advanced 2-nanometer (nm) semiconductor process among leading chipmakers from South Korea, Taiwan, and the United States is expected to intensify next year.According to industry reports on Dec. 25, global foundry leaders – Taiwan’s TSMC (first in the industry), South Korea’s Samsu
On the morning of Dec. 23 a fire broke out at POSCO’s Pohang Works, temporarily halting the operation of three blast furnaces. The government and POSCO said that the restart of the furnaces after putting out the fire would not cause any major disruption to the production and supply of products. Howe
In the latter half of this year from July to November, the top-ranked app in domestic shopping categories for downloads, according to data from IGAworks, is the Chinese app Temu. Temu’s monthly active users (MAU) have surged sevenfold in just three months. The market share of AliExpress, the oversea
Samsung Electronics is set to establish an advanced semiconductor packaging research and development (R&D) base in Yokohama, Japan. The company plans to invest 40 billion yen into this area by 2028.The Japanese Ministry of Economy, Trade and Industry, along with the city of Yokohama, announced on De
The author is an analyst for NH Investment & Securities. He can be reached at jack.baek@nhqv.com -- Ed.At HiDeep, pilot sales of touch ICs for mobile devices began in 2Q23, followed by the start of pilot sales for stylus solutions for mobile devices in 3Q23. We expect 1H24 to see the start of touch