Samsung Electro-Mechanics announced on July 16 that it has started mass production of power inductors, essential parts for electric and self-driving cars. These power inductors will be installed in the cameras of electric vehicles equipped with autonomous driving systems.This is the first time that
Korea’s steel industry will need to produce more than 10 million tons of steel through a hydrogen reduction ironmaking method by 2040 at the latest if it wants to meet its greenhouse gas reduction target of limiting a global temperature rise to 1.5 degrees C or less, a study has found.Nonprofit thin
Aiitone, a KOSDAQ-listed company, participated in the first global STO (Security Token Offerings) forum held in Korea and presented a blueprint for the era of STOs.Aiitone (230980, CEO Jin Yeop Lee), a fintech company based on block chain technology, participated in the Tokenomy Korea 2023 Internati
The author is an analyst for NH Investment & Securities. He can be reached at minjae.lee@nhqv.com -- Ed.In 1H23, Europe reduced its fossil fuel use by more than 2% y-y thanks to strong use of wind, solar and NPPs, in turn contributing to a stabilizing in natural gas prices. In addition, the Energy C
The author is an analyst for NH Investment & Securities. He can be reached at minjae.lee@nhqv.com -- Ed.In the wake of the release of the results of an investigation into GS E&C's Geomdan (Incheon) apartment complex collapse, major construction players’ share prices have been pushed down. With t
The author is an analyst for Shinhan Securities. He can be reached at jk.ahn@shinhan.com -- Ed.Lowered expectations for US rate cuts, strong external headwinds for 3Q23US Treasury yields are unlikely to move lower in 3Q. The Silicon Valley Bank crisis and the ensuing financial market unrest that tri
Korea Midland Power Co., a first for a power group, held an inauguration ceremony for its third European project, the Gubbaberget Windfarm Project in Sweden, on July 4 (local time).Approximately 70 people attended the inauguration ceremony, including Korean joint shareholders, European business part
Korean President Yoon Suk-yeol’s upcoming visit to Poland has raised expectations that Korean companies will be able to gain an edge in the second phase of Poland’s nuclear power plant project if the two countries strengthen cooperation in the field of green energy.After failing to win the first pha
NextStar Energy, a joint venture between LG Energy Solution and American-European automaker Stellantis, has finally agreed with the Canadian Government on a battery subsidy of 15 trillion won. The two companies have been at odds over the battery subsidy issue, going as far as threatening to suspend
The amount of foreign direct investment (FDI) declared in Korea in the first half of this year has recorded its highest since statistics started being compiled in 1962. Analysis suggests that Korea has emerged as an alternative investment destination to China due to U.S.-China tensions.The Ministry
Shipments of foldable organic light-emitting diode (OLED) displays are expected to grow at an annual growth rate of 29 percent through 2027, according to a market research firm.According to UBI Research on June 28, shipments of foldable OLED displays will reach 22 million units this year. The figure
Negotiations are underway to resume currency swaps between Korea and Japan after an eight-year hiatus. A U.S. dollar-denominated swap is on the table. Japan has an indefinite and unlimited full-time swap agreement with the United States. Therefore, some analysts believe that Korea will be able to en
The author is an analyst for NH Investment & Securities. He can be reached at minjae.lee@nhqv.com -- Ed.With the number of apartment units up for pre-sale in 1H23 arriving at the lowest level since 2010, unsold apartment number has slid. In terms of undersubscription ratio, however, the 1H23 figure
The author is an analyst for NH Investment & Securities. He can be reached at minjae.lee@nhqv.com -- Ed.The US and Eastern European countries are shaping up cooperation related to NPPs. They are planning both to expand large NPPs and install SMRs—it is expected that large NPPs will be contracted fir
As Ukraine's post-war recovery costs are estimated to reach a maximum of 1.4 quadrillion won, South Korea's steel, construction equipment, and energy industries are expected to benefit.On June 21, in a Ukraine Recovery Conference held in London, the U.K., Ukraine's Prime Minister Denys S
Samsung Electronics will develop automotive semiconductors in tandem with software developer Wind River. Wind River is an affiliate of U.S. autonomous driving technology developer Aptiv, which has a partnership with Hyundai.According to industry sources on June 27, Samsung Electronics will use Wind
POSCO INTERNATIONAL is set to work collaboratively on Pohang offshore wind power and green business operations in partnership with Copenhagen Infrastructure Partners (CIP), one of the world’s largest green energy asset management firms.On June 26, an agreement was signed between POSCO INTERNATIONAL
Daewoo Engineering, as part of a Korea-Vietnam economic delegation, signed a comprehensive cooperation MOU on renewable energy with Vietnamese construction development investment company Truong Thanh Development and Construction Investment Joint Stock Company (TTA), in Hanoi, Vietnam on June 23.The
A surge in the use of air conditioning during the summer would bode well for KEPCO’s earnings, as such a development would bring an increase in application of the highest electricity rate. That said, one risk factor is the possibility of the government adopting electricity rate discount policy in re
KB Kookmin Bank announced that it will host an English-language webinar titled “All About Korean Pension” for foreign customers on June 22.The webinar, which will be conducted in real time on KB Kookmin Bank’s asset management-focused YouTube channel Yeouido Exit 5, is designed to introduce the over