Fashion Group Hyungji is planning to enter the European military supply market through its subsidiary Castelbajac.According to industry sources on July 12, Choi Jun-ho, the CEO of Castelbajac, participated in the Poland Economic Delegation for the purpose of entering the European military supply mar
President Yoon Suk-yeol attended a series of bilateral meetings with 13 national leaders during the NATO summit held in Vilnius, Lithuania on July 11 and 12 (local time). The discussions aimed to strengthen the supply chains of advanced industries such as semiconductors, electric vehicles, batteries
KB Financial Group announced on July 12 that it has selected 10 domestic startups that will grow into the next-generation “global unicorn companies” for KB Starters Singapore.Startups selected for KB Starters Singapore will receive consulting services on matters necessary for local market entry, suc
The author is an analyst for Shinhan Securities. He can be reached at yjjung86@shinhan.com -- Ed.Good times for allAuto sales volume data have come in at strong levels as expected, pointing to record-high earnings for automakers in 2Q23. Global wholesale volume reached 1.06mn vehicles (+9% YoY, +4%
Samsung Electronics’ foundry business has been in the red due to slowing global demand. It is blamed mainly on a slowdown in the smartphone industry, which accounts for a large share of sales in the foundry business.According to sources in the foundry industry on July 11, Samsung Electronics’ Foundr
The government has decided to accelerate the exports of small and medium-sized enterprises (SMEs), create an ecosystem for startups and ventures aimed at the global market, and roll out policies for SMEs to make a global leap.The Ministry of SMEs and Startups announced the “SME Promotion Comprehensi
POSCO HOLDINGS has set out a blueprint to increase the sales of its secondary battery material business to 62 trillion won and produce more than 420,000 tons of lithium by 2030.On July 11, POSCO HOLDINGS announced its medium- to long-term business plans at its 2023 Secondary Battery Material Busines
Korea Hydro & Nuclear Power (KHNP) is set to participate in the green cement conversion project in South Australia.KHNP signed a memorandum of understanding (MOU) and a statement of cooperation (SOC) for the production of green hydrogen for South Australia’s green cement manufacturing project with t
Ottogi has been sustaining sales with overseas revenues exceeding 270 billion won in 2021.Ottogi is expanding its global operations and developing products suitable for different countries’ characteristics. In particular, Ottogi’s Soft Cheese Ramen is being exported to over 60 countries and is widel
The economic effects of the Korean Wave have reached 37 trillion won in the last five years, according to a study.The Korea Economic Research Institute (KERI) said on July 10 that Korea enjoyed 37 trillion won (US$29 billion) in economic effects thanks to the Korean cultural wave from 2017 to 2021.
The author is an analyst for NH Investment & Securities. He can be reached at jooyh@nhqv.com -- Ed.We lower our TP on CJCJ to W400,000, as we reflect declining valuations for global peers. However, as an earnings bottom is being confirmed and cost burden is likely to ease in 2H23, we recommend buyin
The market for organic light-emitting diode (OLED) panels for monitors has grown more than 10 times in the last two years according to a market research firm. The penetration rate of OLED panels in the gaming monitor market has risen sharply on the back of strong demand.According to market research
Last year, South Korea’s cosmetics exports to China fell for the first time in five years. Amid the ongoing slowdown in the Chinese market, concerns about the leakage of business secrets of domestic companies have increased due to the Chinese government’s intensified cosmetics regulations since 2020
S-OIL announced on July 10 that it ran a Korea-Arab Youth Exchange Program from July 3 to 8 under the auspices of the S-OIL Science and Culture Foundation.This event was organized with the aim of fostering growth as global leaders through the mutual understanding of culture and history between Korea
NEOPLY, a subsidiary of NEOWIZ HOLDINGS Corporation, announced on July 10 that it has been selected as a business to be supported by the Innovation Program of the Abu Dhabi Investment Office (ADIO) in the United Arab Emirates (UAE).With the support of ADIO, NEOPLY established a local subsidiary in A
New investments in venture startups plunged by one third in the first half of the year. The number of startups that received big investments plummeted.According to startup investment information platform TheVC, startups and SMEs received 2.819 trillion won (US$2.160 billion) in investment in the fir
The author is an analyst for NH Investment & Securities. He can be reached at jaemin.ahn@nhqv.com -- Ed.It is currently a key period for NCSOFT to make modifications and improvements to TL in order to address player complaints. Global beta tests scheduled for August/September could be an important i
The Korean government will push for an amendment to an executive decree to allow foreign companies to receive cash support for alternative investments other than investments in the construction of new factories or the expansion of existing factories and the creation of jobs. General Motors (GM) and
The following article was written by James Tosdevin, a teacher and the Senior School Global Citizenship and Sustainability Lead at Dulwich College Seoul.From one extreme weather event to another, we are constantly reminded that the climate crisis is real and that we need to act immediately. One of h
Chung Eui-sun, chairman of Hyundai Motor Group, took a tour of Intel’s European manufacturing process with a view to internalizing vehicle semiconductor technology.According to Hyundai Motor Group on July 9, Chairman Chung visited Intel’s Ireland Campus located in Leixlip, Kildare County, Ireland on