On July 27, SK telecom held the “Global Telco AI Alliance CEO Summit” in the Seoul Walkerhill hotel, attended by key executives from leading global telecommunications companies in Europe, the Middle East, and Asia. SK telecom and other global telecommunications companies have come together as one te
Chey Tae-won, chairman of SK Group and the Korea Chamber of Commerce and Industry, clarified the rationale for hosting the 2030 Busan World Exposition (Expo).According to the Korea Chamber of Commerce and Industry, Chairman Chey held a briefing for foreign journalists on July 26 to share his reflect
SK bioscience, an innovative vaccine and biotech company committed to promoting human health from prevention to cure, today released its 2023 Environmental, Social and Governance (ESG) Report.This is the company’s second ESG Report following last year to fulfill its commitment to engaging in sustain
Petroleum product exports by Korea’s four major oil refiners increased for the second consecutive year in the first half of 2023.The Korea Petroleum Association reported that petroleum product exports from the country’s four largest refiners (SK Energy, GS Caltex, S-OIL, and HD Hyundai Oilbank) tota
Hyundai Rotem is accelerating its moves to receive railway vehicle orders with the export of its K2 tank. In the first half of this year, the company received the largest-ever amount (worth 3 trillion won) of orders including an order for railway trains for Australia. In Korea, it will make the firs
Hyundai Motor once again achieved a record-breaking quarterly performance, surpassing 4 trillion won (US$3.14 billion) in operating profit for the second quarter of this year. Despite this remarkable feat, the company’s stock price on the KOSPI market remains stuck in a holding pattern.On July 26, H
SK Inc. announced that its board of directors (BOD) held a meeting on July 26, in which the board declared to distribute an interim dividend of KRW 1,500 per share, matching last year’s payout. The total interim dividend payout amounts to approximately KRW 83.6 billion. SK Inc. has been distributing
China is in hot pursuit of Korea in the global organic light-emitting diode (OLED) display market. While Korea is still far ahead of China in terms of market share, China has caught up with Korea in terms of production capacity by 10-plus percentage points.China’s OLED display production capacity is
Twelve executives, including the CEO of Saudi Arabia’s Neom, visited Seoul on the occasion of the Neom City exhibition, the first of its kind in Asia.Holding a media conference on July 25, the day before the opening of the Neom exhibition at Dongdaemun Design Plaza (DDP) in Seoul, the executives emp
In a bid to enhance financial stability, commercial banks will now have to adopt a revised Probability of Default (PD) model that takes into account “extraordinary crisis situations” like the International Monetary Fund (IMF) crisis or global financial downturns when provisioning their loan loss res
Korean companies are found to be lagging behind major countries when it comes to increasing research and development (R&D) investments and R&D spending is highly concentrated among the top companies in Korea, according to a survey.According to the results of the analysis by the Federation of Korean
As the German government enters subsidy negotiations with Taiwan Semiconductor Manufacturing Company (TSMC), the world’s largest foundry, American foundry company GlobalFoundries has openly criticized these subsidies, stirring controversy both within and without Germany.On July 24 (local time), Thom
CJ Bioscience announced on July 25 that it has confirmed a total of 15 microbiome drug pipelines, setting the record for the highest number globally among microbiome drug development companies.In March, CJ Bioscience commenced pipeline analysis work after acquiring promising drug candidates from 4D
POSCO FUTURE M is set to expand its high-nickel NCA cathode production capacity by more than 50,000 tons.On July 24, POSCO FUTURE M’s board of directors approved a plan to invest a total of 683.4 billion won (US$535.06 million) by 2025 to construct a high-nickel NCA cathode factory in Yulchon 1st In
On July 24, SKC announced in its 2023 Sustainability Report that it plans to achieve more than 15% market share in the global silicon anode material market, a key component for next-generation secondary batteries, by 2032, aiming to become one of the top 3 in the market.“Given the solid position of
Amid an unprecedented semiconductor crunch, TSMC, the world’s leading semiconductor foundry, has taken the unusual step of raising its prices. The increase is thought to be driven by a growing clientele for advanced semiconductors of 5 nm or smaller and increased confidence in the technology to cate
CEO Lisa Su of AMD, a U.S. fabless semiconductor company, has hinted at finding alternatives beyond TSMC, the world’s leading foundry. With TSMC holding a 60% market share, struggling to meet demand due to recent production capacity issues, all eyes are on whether Samsung Electronics, the only compe
Samsung SDI and Stellantis, a global automaker, are investing approximately US$3.2 billion (4 trillion won) to build a second electric vehicle battery plant in the United States. This move, following the establishment of their joint venture just over a year ago, has been evaluated as a step towards
The author is an analyst for NH Investment & Securities. He can be reached at dongyang.kim@nhqv.com -- Ed.Following its merger with POSCO Energy, synergies are expected at POSCO International on the full-fledged start of investment in its energy business. POSCO International plans to strengthen its
The author is an analyst for NH Investment & Securities. He can be reached at kyuha.lee@nhqv.com -- Ed.The pace of PI AMC’s margin improvement is likely to prove slower than expected on sluggish downstream demand and low utilization. Given such, we trim down our earnings estimates and TP. But, antic