With the enforcement of the European version of the Chips Act, and TSMC and Intel’s large-scale investment lineup continuing, the European Union (EU) has actively wooed domestic semiconductor companies that are hesitant about entering Europe. The focus is now on EU Internal Market Commissioner Thier
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
Hyundai Engineering announced on June 26 that it had held a commemoration ceremony for the first production of polypropylene (PP) at the Polimery Police PDH/PP Plant site in Poland on June 22.The ceremony was attended by Mateusz Morawiecki, prime minister of Poland; Tomasz Hinc, chairman of Grupa Az
Korea’s imports from Japan of high-purity hydrogen fluoride, a key material for semiconductors, have exceeded 1,000 tons for the first time since Japan’s economic retaliation against Korea in July 2019.According to the Korea Customs Service on June 21, Korea’s imports of hydrogen fluoride stood at 1
Korea, now a major lender to developing countries, will make a change in its loan system in order to better manage the growing volume of its loans to those developing countries. The first step is to eliminate currency exchanges, an obstacle to the efficient enforcement of loans.The Korean government
The author is an analyst for NH Investment & Securities. He can be reached at jaemin.ahn@nhqv.com -- Ed.Disappointing CBT results for TL have harmed NCSOFT’s price as of late. Assuming that a well-revised official version of TL is released after the firm addresses the shortcomings illuminated by the
Korea Hydro & Nuclear Power (KHNP) has set up a task force to bid for a facility improvement project at Romania’s Chernaboda Nuclear Power Plant No. 1.KHNP established the task force on June 7 in order to take on a contract for the facility improvement project at Chernaboda Nuclear Power Plant No. 1
The author is an analyst for NH Investment & Securities. He can be reached at pk.park@nhqv.com -- Ed.Despite its increased valuations, Classys still offers the following investment points: 1) standing at only 10%, the firm’s Brazil HIFU equipment market share should rise to 40% (cumulative sales to
The number of vehicles recalled in Korea since 2017 crossed three million in 2022. By mid-June of this year, 700,000 vehicles were already recalled. Some of these recalls were voluntarily carried out by car manufacturers while others were ordered by the government through the Automobile Management A
Global automotive companies are speeding up the process of battery internalization. Batteries account for about 30-40% of the cost of electric vehicles (EVs), making them a key component. If they are successfully developed in-house, significant price competitiveness can be achieved.According to indu
Kim Jin-yong, commissioner of the Incheon Free Economic Zone Authority (IFEZ), announced on June 13 that the organization has signed a memorandum of understanding (MOU) with Eric Leung, the representative of AISL Harrow International School, the incorporation for the establishment of the Asian branc
“The Korean government has not promoted a policy of decoupling from China,” Prime Minister Han Duck-soo said. Han reaffirmed the Korean government’s position that there was no decoupling from China and no reason to do so as stated by Deputy Prime Minister and Minister of Strategy and Finance Choo Ky
The author is an analyst for NH Investment & Securities. He can be reached at jack.baek@nhqv.com -- Ed.Hyundai Ezwel boasts a highly-stable business structure thanks to customer diversification. It is continuing to display brisk earnings growth, with 2023 OP looking primed to rise 16% y-y. Consideri
The government announced on May 29 that it will discuss the resumption of Korea-Japan currency swaps, which were previously suspended in 2015, at the Korea-Japan Finance Ministers' Meeting to be held in Tokyo, Japan.Choo Kyung-ho, deputy prime minister and minister of economy and finance, respon
The author is an analyst for NH Investment & Securities. He can be reached at pk.park@nhqv.com -- Ed.Having endured a shrinking in their Kospi portion, the top-5 healthcare groups should enjoy a sharp top-line uptrend from 2024. Their combined annual sales are primed to reach W23.5tn in 2028 (5yr CA
POSCO FUTURE M and GM's cathode joint venture, Ultium CAM, will receive investment incentives from Canada. On May 29 (local time), the Canadian federal and Quebec provincial governments announced significant financial support for the construction project of Ultium CAM's cathode factory.The a
The Korea Institute for Industrial Economics & Trade (KIET), a government-run research institute under the Korean Prime Minister’s Office, has concluded that export-led growth is virtually over in the Korean economy.Korea posted an export growth rate of 2.8 percent over the past decade (2013-2022) a
Negotiations to improve the free trade agreement (FTA) with Chile with which Korea signed the first free trade agreement (FTA) will resume after more than two years following Korean Prime Minister Han Duck-soo’s visit to Chile in 2022. Negotiations to improve the Korea-Chile FTA were held six times
The cumulative amount of overseas VC global funds which are used as overseas venture capitalists (VCs) to prime the pump in investing in Korean startups exceeded eight and a half trillion won. This eclipsed the Korean government’s target of eight8 trillion won for this year.According to the Korean M
“Korea considers its relationship with China important,” Korean Vice Prime Minister and Minister of Strategy and Finance Choo Kyung-ho said at a plenary session of the National Assembly’s Planning and Finance Committee, when asked about the impacts of the Korean government’s focus on the United Stat