Kolmar BNH announced on Aug. 16 that its Eumseong plant, located in North Chungcheong Province, has received GMP certification from the Australian Therapeutic Goods Administration (TGA). Previously, Kolmar BNH’s Sejong plant was certified by TGA GMP in 2021. The TGA oversees pharmaceuticals and medi
Mirae Asset Global Investments announced on Aug. 16 that it has acquired Stockspot, an Australian robo-advisor specialist firm. The acquisition price is approximately 28 million Australian dollars (US$18 million), with Mirae Asset Global Investments acquiring approximately 53% of Stockspot’s shares.
Korea’s liquefaction technologies, which hold the key to the international transportation of hydrogen, still has a long way to go, requiring increased investment and government support, a report said.Korea’s share of global patent applications in the hydrogen storage and transportation sector over t
Large-scale LNG export projects in North America from 2022 to 2023 are expected to fuel orders for LNG carriers to transport them.According to sources in the shipbuilding industry and foreign media outlets on Aug. 15, the final investment decisions were made on three LNG projects in North America -–
The market share of Samsung Electronics’ flagship products, including semiconductors, smartphones, and TVs, fell altogether in the first half of this year. In particular, the share of its DRAM, the company’s core business item in the semiconductor field, hit a nine-year low, although it remained the
CHIVAS, a representative global blended whisky of Global wine and Spirit company Pernod Ricard Korea, introduced limited-edition sets in a special collaboration with Musician Simon Dominic, who represents the domestic hip-hop scene.Simon Dominic is a rapper belonging to the hip-hop and R&B label AOM
The author is an analyst for Shinhan Securities. She can be reached at inhae.ji@shinhan.com -- Ed.Earnings hit a new high in 2Q23JYP Entertainment set new record-high earnings with sales of KRW151.7bn (+124% YoY) and operating profit of KRW45.7bn (+88% YoY) in 2Q23. Both sales and operating profit f
The author is an analyst for NH Investment & Securities. He can be reached at sw.kang@nhqv.com -- Ed.The US aims to stabilize inflation and defend against a recession through a combination of aggressive Fed tightening and fiscal stimulus. However, real interest rates have converged with potential gr
Japan has reported a 1.5% economic growth rate in the second quarter, significantly outpacing South Korea’s 0.6%. Despite the global economic slowdown, Japan continues its growth streak for the third consecutive quarter. Its stock market has also reached its highest level in 33 years, indicating a r
Samsung Electronics has decided to sell a portion of its shares in the Dutch semiconductor equipment manufacturer Advanced Semiconductor Materials Lithography (ASML) after holding onto them for seven years. This move is interpreted as an effort to secure funds for investment, especially as the compa
After a decade-long downturn, HD Korea Shipbuilding & Offshore Engineering, Samsung Heavy Industries, and Hanwha Ocean are gaining momentum in realizing substantial profits. In July, domestic shipyards reclaimed the title of being the world’s top shipbuilding nation from China, a position they lost
Starting from the second quarter, major companies are showing a preference for bank loans as a means of fundraising over issuing corporate bonds. This trend is emerging as the interest rates for bank loans do not significantly differ from the interest rates for corporate bond issuance. With expectat
The news of a visit to Korea by an official from the UAE Royal Family Office (hereafter referred to as the UAE Royal Office), which has signed a business agreement with Aiitone, a KOSDAQ-listed company, is attracting attention from related industries.Aiitone (CEO Jin Yeop Lee), a fintech specialist
As the importance of carbon neutrality has been growing globally, major Korean companies are focusing on the carbon capture, utilization, and storage (CCUS) business. The idea is to collect carbon dioxide (CO₂) emitted into the atmosphere from fossil fuels to reduce greenhouse gas emissions and then
On Aug. 11, Cosmax, a global cosmetics R&D and production (ODM) company based in Korea, held a ceremony to celebrate the completion of a joint venture factory with Yatsen. It is the largest single cosmetics factory in Asia. With the new plant, Cosmax will expand its presence in the Chinese market.Th
The semiconductor industry’s race to develop next-generation memory solutions, including high-bandwidth memory (HBM), processing-in-memory (PIM), and compute express link (CXL), sees two front runners in Samsung Electronics and SK hynix. In particular, as demand for HBM3 for AI has increased faster
For two consecutive months Japan has surpassed China to rank second in South Korea’s trade deficit rankings, following a narrowing deficit with China.According to the “July 2023 Export and Import Trends” report released by the Ministry of Trade, Industry, and Energy on Aug. 13, the trade deficit wit
With the rapid paradigm shift towards electric and autonomous vehicles, the demand for advanced high-performance semiconductor products has surged, moving away from legacy processes.According to industry sources on Aug. 13, competition is intensifying in the automotive semiconductor market for proce
The market for Micro Light Emitting Diode (microLED) panels, emerging as a next-generation display, is a domain where the domestic display industry, which is even being chased by Chinese companies in the OLED sector, can showcase a dominant market share in the future based on their advanced technolo
SK telecom (SKT) today announced that it is investing additional USD 100 million in Anthropic, an AI safety and research company based in San Francisco. This follows the previous investment from SK Telecom Venture Capital (SKTVC), the Silicon Valley-based venture capital arm of SKT. SKT has entered