The presence of automotive organic light-emitting diode (OLED) displays in the display market is growing. Experts forecast that their market size and shipments will steadily increase as a shift to software-driven vehicles (SDVs) accelerates, with premium automakers leading the way.According to marke
South Korea was the world’s largest luxury goods consumer in previous year with an average spending of US$325 per person (as estimated by Morgan Stanley), surpassing the United States and China to rank first globally. However, the situation has significantly changed this year due to the economic dow
Industry attention is being drawn to the technological prowess of SK hynix, the global leader in the artificial intelligence chip market, which first developed High Bandwidth Memory (HBM) in 2013.According to industry sources on July 16, SK hynix held a corporate presentation (IR) for securities ana
Chung Jae-hoon, the president of Hyundai Motor Company, discussed the company’s plans concerning electric vehicle charging during the Goodwood Festival in West Sussex, England. Following the unveiling of the first high-performance electric vehicle, the Ioniq 5 N, under Hyundai's core electrifica
Korea has ranked third in Asia in the global biopharma resilience index rankings in 2023. This represented a drop of two notches from 2021 when the COVID-19 pandemic was rampant. In the global rankings of 22 countries, Korea dropped sharply from 7th place to 12th over the same period. The decline wa
Korea’s steel industry will need to produce more than 10 million tons of steel through a hydrogen reduction ironmaking method by 2040 at the latest if it wants to meet its greenhouse gas reduction target of limiting a global temperature rise to 1.5 degrees C or less, a study has found.Nonprofit thin
Samsung Electronics has slipped to fourth place in global semiconductor market capitalization rankings, surpassed by U.S.-based fabless semiconductor firm Broadcom. Non-memory companies such as Nvidia and Broadcom are expanding their territories through massive investments and mergers and acquisitio
MediaTek, the global leader in the mobile application processor (AP) industry, is accelerating its market share expansion with the launch of its new chipset.According to industry sources on July 13, MediaTek, Taiwan’s largest fabless semiconductor design firm, recently unveiled its new mobile AP pro
On July 1, Nongshim Chairman Shin Dong-won, who celebrated his second anniversary in office, announced a goal to achieve an annual sales target of US$1.5 billion in the U.S. market by 2030, which is three times the current level, and ascend to the number one spot in the ramen market, through an emai
CJ CheilJedang announced on July 13 that its feed amino acid brand Best Amino has been selected as one of the Top 100 Global New Brands of 2023 by global information service company Clarivate Analytics.Best Amino has been recognized for its leading position and competitiveness in the global amino ac
Samsung Electronics announced on July 13 that it has begun mass production of an in-vehicle infotainment (IVI) Universal Flash Storage (UFS) 3.1 memory solution boasting the industry’s lowest power consumption.The new product improves power consumption by about 33% compared to the previous generatio
“Huawei is willing to share cutting-edge innovations in the form of patents with the world,” said the company’s Chief Legal Officer, Song Liuping, who added, “These will support the common, sustainable development of industries globally.”His remarks were made at Huawei’s annual flagship event on inn
SK bioscience, an innovative vaccine and biotech company committed to promoting human health from prevention to cure, announced that the company’s CEO, Jaeyong Ahn has virtually participated as a panelist in the academic workshop session of ‘Pandemic Product Research and Development: Insights from P
The author is an analyst at Shinhan Securities. He can be reached at sokang@shinhan.com -- Ed.2Q23 preview: Solid performance of Black Desert, cost increasesPearlAbyss is expected to have recorded sales of KRW85.2bn (-9.4% YoY, -0.6% QoQ) and operating loss of KRW11.5bn (continued loss YoY, negative
The author is an analyst for NH Investment & Securities. He can be reached at jaemin.ahn@nhqv.com -- Ed.Weighed upon by delayed new game rollouts, Netmarble’s operating losses inevitably continued in 2Q23. Expectations remain alive, however, for a rebound driven by new lineups to be launched from Ju
South Korea’s nominal gross domestic product (GDP) is provisionally ranked 13th in the world. It has dropped out of the global top 10.According to statistics released by the Bank of Korea (BOK) on July 12, South Korea’s nominal GDP at market exchange rates was US$1.6732 trillion in 2022. It ranked 1
The Organization for Economic Cooperation and Development (OECD) has decided to delay Pillar One of a global digital tax, which will require multinational companies such as Google, Apple and Samsung Electronics to pay taxes in countries where they actually generate sales, by one year from 2024 to 20
Aiitone, a KOSDAQ-listed company, participated in the first global STO (Security Token Offerings) forum held in Korea and presented a blueprint for the era of STOs.Aiitone (230980, CEO Jin Yeop Lee), a fintech company based on block chain technology, participated in the Tokenomy Korea 2023 Internati
Seventeen of the top 100 global unicorns (privately held companies with an enterprise value of more than 1 trillion won) are unable to do business in Korea due to regulations.The Korea Economic Research Institute of the Federation of Korean Industries said in its report titled “Global 100 Unicorn Co
LG Chem announced on July 12 that it has completed the issuance of US$2 billion worth of foreign currency exchangeable bonds (EBs).The previous day’s demand collection to investors in Asia and Europe attracted more than US$10 billion from more than 150 investors and institutions. The amount was more