The imported car market in Korea which has been dominated by Mercedes-Benz, BMW, Audi, and Volkswagen, is in the midst of a fierce standings battle in the lead up to the end of 2023 so much attention is being paid to whether the market landscape will change. Mercedes-Benz, which has held the top spo
South Korea’s exports will fall by 10% if the world’s major economies split into two groups and strengthen trade barriers against each other, according to a report. However, if Korea promotes export diversification, it will be able to significantly reduce adverse effects.According to the Bank of Kor
The South Korean automotive industry has experienced a year of contrasts in 2023. In the first 11 months, the sector achieved its highest ever performance, but the fortunes of individual companies have varied significantly. Hyundai, Kia, and GM Korea continued to grow, leveraging their leading model
Generative artificial intelligence (AI) smartphones are forecasted to lead market trends starting from 2024 with smartphone manufacturers planning to incorporate generative AI functions into their devices. Industry leaders like Samsung Electronics, with its Galaxy AI, are expected to dominate this e
The rivalry in the advanced 2-nanometer (nm) semiconductor process among leading chipmakers from South Korea, Taiwan, and the United States is expected to intensify next year.According to industry reports on Dec. 25, global foundry leaders – Taiwan’s TSMC (first in the industry), South Korea’s Samsu
On the morning of Dec. 23 a fire broke out at POSCO’s Pohang Works, temporarily halting the operation of three blast furnaces. The government and POSCO said that the restart of the furnaces after putting out the fire would not cause any major disruption to the production and supply of products. Howe
In the latter half of this year from July to November, the top-ranked app in domestic shopping categories for downloads, according to data from IGAworks, is the Chinese app Temu. Temu’s monthly active users (MAU) have surged sevenfold in just three months. The market share of AliExpress, the oversea
Samsung Electronics is set to establish an advanced semiconductor packaging research and development (R&D) base in Yokohama, Japan. The company plans to invest 40 billion yen into this area by 2028.The Japanese Ministry of Economy, Trade and Industry, along with the city of Yokohama, announced on De
The author is an analyst for NH Investment & Securities. He can be reached at jack.baek@nhqv.com -- Ed.At HiDeep, pilot sales of touch ICs for mobile devices began in 2Q23, followed by the start of pilot sales for stylus solutions for mobile devices in 3Q23. We expect 1H24 to see the start of touch
Germany’s abrupt suspension of subsidies for electric vehicles (EVs) sold in the country is puzzling South Korea’s auto industry, which exports electric vehicles to the region. This along with France’s plan to reorganize its EV subsidies to measure carbon emissions and provide differential subsidies
LG Display has accelerated its efforts to secure its global leadership in the vehicle display market, a key area of future growth, by leveraging its superior technology. According to display industry sources on Dec. 19, LG Display entered the vehicle display market in 2005 by producing Central Infor
Samsung Electronics has introduced two new products in its ISOCELL Vision image sensor lineup on Dec. 19, designed to act as the eyes for advanced content platforms like mobile, robotics, and Extended Reality (XR).The newly unveiled ISOCELL Vision 63D image sensor chip is an indirect Time-of-Flight
The World Radiocommunication Conference-23 (WRC-23), an international negotiation event for the international distribution of frequencies, successfully identified candidate frequencies for the development of 6th generation (6G) mobile communication. In particular, three of the four candidate bands p
With the imminent release of devices featuring AI services as core functions, closely integrated into our daily lives through smartphones and PCs, the true era of Artificial Intelligence (AI) popularization is unfolding. Devices that can summarize conversations, suggest optimal responses automatical
China’s DRAM semiconductor company, ChangXin Memory Technologies (CXMT), has hinted at the development of the next-generation semiconductor process technology, Gate-All-Around (GAA), attracting attention in the industry.According to industry sources on Dec. 14, CXMT recently announced at the 69th In
Information and communication technology (ICT) and automobiles are leading Korean exports. ICT exports emerged from a 17-month recessionary tunnel on the coattail of memory semiconductors. Automobiles are close to surpassing US$70 billion in annual exports for the first time ever.According to the Mi
The Korean government has decided to lower Korea’s import dependence on 185 key items for semiconductors, secondary batteries, automobiles and shipbuilding to 50% by 2030. As of last year, Korea’s import dependence averaged 70%, with some items exceeding 90%.The Ministry of Trade, Industry and Energ
The author is an analyist for NH Investment & Securities. He can be reached at jack.baek@nhqv.com -- Ed.MaumAI is a provider of AI platform services to companies looking to implement AI. Moving ahead, we anticipate a rise in RAG chatbot orders, strengthening earnings at the new WoRV autonomous drivi
The continued decline in semiconductor prices and a slowdown in the growth rate of automobile exports have led to a deterioration in the growth and profitability indicators of domestic companies in the third quarter from July to September.According to the results of the “Q3 Corporate Management Anal
Samjong KPMG (KPMG Korea) predicts that the semiconductor and smartphone markets will rebound in 2024 thanks to the full-scale commercialization of artificial intelligence (AI) technology. On the other hand, the automobile, shipping, construction, and distribution industries are likely to show slugg