Japan’s Sony Group has surpassed Samsung Electronics in operating profit for the first time in 24 years. Just 14 years ago, the combined operating profit of nine major Japanese electronics companies did not even reach half of Samsung Electronics’. With Sony’s strong performance last year, however, i
Samsung Electronics is set to launch its new Galaxy S24 series in China, featuring “Erniebot,” an artificial intelligence (AI) chatbot developed by Baidu as a response to OpenAI’s ChatGPT.According to foreign media reports on Jan. 29 (local time), Baidu announced that Samsung Electronics will utiliz
Four labor unions representing Samsung affiliates, including Samsung Electronics, Samsung Display, Samsung Fire & Marine Insurance, and Samsung Biologics, will merge to form a consolidated labor union. The launch of this mega labor union is scheduled for the end of this month. The establishment of t
At the beginning of this year, the Consumer Electronics Show (CES) 2024, the world’s largest consumer electronics and IT exhibition, brought into focus the trend of “on-device AI,” or artificial intelligence operating within the device. The emergence of devices equipped with this technology is injec
As international oil prices and refining margins both experienced a simultaneous decline in the fourth quarter of last year, the oil industry’s performance was once again placed in a state of emergency.In the worst-case scenario, four major oil companies -- SK Energy, GS Caltex, S-Oil, and HD Hyunda
Sam Altman, the CEO of OpenAI and a key figure in the global spread of generative AI sparked by ChatGPT, is visiting South Korea on Jan. 26. This visit follows his recent proposal to shake up the industry with the establishment of a global AI semiconductor production network.According to the semicon
SK hynix announced on Jan. 25 that it plans to more than double the production capacity of High Bandwidth Memory (HBM) this year compared to the previous year. This move is part of the company’s strategy to capture the new demand from artificial intelligence (AI) applications.This shows the confiden
In 2023, Hyundai Motor Company and Kia Corp. racked up more operating profit than Samsung Electronics, the country’s No. 1 company by market capitalization. The two automakers also posted a double-digit operating profit margin, higher than the company Tesla that is leading a global electric car boom
SK hynix Inc. announced today that it recorded an operating profit of 346 billion won (US$259 million) in the fourth quarter of last year amid a recovery of the memory chip market, marking the first quarter of profit following four straight quarters of losses.The company posted revenues of 11.31 tri
Samsung Biologics has made history by becoming the first in the domestic pharmaceutical and biotech industry to surpass 1 trillion won in annual operating profit. Following the achievement of 3 trillion won in annual sales in 2022 and surpassing 1 trillion won in quarterly sales in the third quarter
Pernod Ricard Korea, the Korean affiliate of the global liquor company Pernod Ricard Group, announced the release of its ‘Drink More Water Staff Challenge’ video on the official LinkedIn channel of Pernod Ricard, targeting the festive season of End-of-Year, New Year’s Day, and Lunar New Year, when m
Hyundai Motor Group running Hyundai Motor and Kia Corp. is expected to have set a new sales record in 2023. It is also expected to claim the No. 3 global position for the second consecutive year.Hyundai Motor and Kia Corp. are expected to have logged record annual operating profits of 15 trillion wo
The global slowdown in electric vehicle (EV) demand has significantly impacted POSCO FUTURE M’s profitability, as reflected in their sharp decline in operating profit last year.On Jan. 23, POSCO FUTURE M announced that its operating profit for the last year was 35.9 billion won (US$26.8 million), a
Military representatives from six of the countries operating the prestigious 155mm/52-calibre K9 Self-Propelled Howitzer (SPH), developed by Hanwha Aerospace, have convened in Helsinki, Finland, for the annual K9 User Club meeting.For this year’s meeting, the third of its kind since 2022, Finland, w
The author is an analyst for NH Investment & Securities. He can be reached at yk.choi@nhqv.com -- Ed.We lower our TP on Hyosung TNC to W440,000 to reflect both a slower-than-expected spandex industry recovery and underperforming fiber division earnings. But, we still see clearly improved fundamental
Hyundai Motor Company and Kia Corporation today unveiled the ‘Active Air Skirt’ (AAS) technology that minimizes the aerodynamic resistance generated during high-speed driving, effectively improving the driving range and driving stability of electric vehicles (EVs).AAS is a technology that controls t
South Korean heavy machinery and electronic components manufacturer LS Mtron announced on Jan. 22 that it will showcase its business-to-business (B2B) solutions at a globally recognized information technology (IT) exhibition.The company will participate in the technology exhibition DesignCon 2024, s
Samsung Biologics is expected to continue to post the highest growth rate in the global contract development manufacturing organization (CDMO) industry this year after posting record-high business results in 2023.A consensus forecast for Samsung Biologics’ revenue growth was 22 percent last year, ac
Pernod Ricard Korea, the Korean division of the wine and spirits company Pernod Ricard, will operate a pop-up space featuring Glenburgie, a single malt released by its modern classic Scotch whisky brand Ballantine’s, at Lotte World Mall Atrium from January 24 to February 12.Ballantine’s Glenburgie s
The author is an analyst for NH Investment & Securities. He can be reached at ys.jung@nhqv.com -- Ed.Delivered strong 4Q23 results on early start to peak season and rising demand for Southeast Asian routesWe maintain a Buy rating and TP of W17,000 on Jin Air. Korea’s leading LCC posted 4Q23 sales of