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
One Team Korea will dispatch a reconstruction cooperation delegation to Ukraine by the end of August.According to the Korean Ministry of Land, Infrastructure, and Transport (MOLIT) on July 24, the Korean government recently assembled a reconstruction cooperation team with government officials and th
The food and beverage industry in South Korea is witnessing the tremendous influence of K-pop girl groups, gaining immense popularity globally.According to industry sources on July 24, the girl group NewJeans holds a truly exceptional impact among various distinguished girl groups in the country. Se
Korean fabless “unicorn” firm FADU is gearing up for a leap from a specialized solid-state drive (SSD) controller design firm to a comprehensive global semiconductor company, leveraging its forthcoming IPO as a stepping stone.During an IPO briefing session at 63 Square in Yeouido, Seoul, on July 24,
During the second quarter of this year from April to June, POSCO International achieved its most significant quarterly performance since its establishment. The energy business, including the Myanmar gas project, played a pivotal role in creating 58 percent of the company’s operating profit.POSCO Int
Kolmar BNH has been honored as a “World-class Company” under the auspices of the Ministry of Trade, Industry, and Energy. This prestigious recognition entitles the company to receive financial support of approximately 4 billion won (US$3.12 million) over the next four years.With this achievement, Ko
The author is an analyst for NH Investment & SEcurities. HE can be reached at yk.choi@nhqv.com -- Ed.Key indicators in the refining industry are strong. Refining margins and aromatics product spreads are above the historical averages. In 2H23, solid refining margins should continue amid limited room
According to the SK SUPLEX Council on July 24, Korean Arts Week, sponsored by SK Group and Korea Investment & Securities, concluded successfully at Lincoln Center in New York, the U.S., with the enthusiastic participation of more than 10,000 local residents and rave media reviews.Korean Arts Week, h
Kwangdong Pharmaceutical announced on July 24 that it has signed an exclusive domestic sales and distribution contract with Italy’s rare disease drug specialist Chiesi.As a result, Kwangdong Pharmaceutical now holds the exclusive domestic sales and distribution rights for three of Chiesi’s rare dise
Samsung Electronics and LG Display are expanding their alliance to include 77-inch organic light-emitting diode (OLED) TVs after the 83-inch models. The alliance with LG Display is expected to expand to LCDs due to a patent dispute between Samsung Electronics and BOE of China.According to industry s
Samsung Electronics, Nvidia, Qualcomm, and TSMC are engaged in a fierce competition to dominate the autonomous driving semiconductor market. Recently, automotive companies such as Hyundai Motor and Tesla have also entered the fray, developing their own autonomous driving chips. The reason for this i
KT Group will invest 15 billion won in Moreh, a Korean artificial intelligence (AI) infrastructure software company. The company plans to make a major change in domestic AI service and solution ecosystems that rely on Nvidia’s software by joining forces with companies with unique technologies in the
In the first six months of this year, the net issuance of Korean Paper denominated in foreign currencies by domestic residents, excluding the government, amounted to US$13.3 billion. This marks a significant increase compared to the previous year’s annual net issuance of US$11.4 billion. Furthermore
The era of methanol ships has officially begun with the voyage of the world’s first methanol propulsion ship, built by a Korean shipbuilder. Following HD Korea Shipbuilding & Offshore Engineering, which leads in technology having secured the most methanol ship orders globally, Samsung Heavy Industri