The National Assembly finalized a Restriction of Special Taxation Act amendment on Dec. 23. According to the amendment, the tax credit rate applied to a large corporation investing in a national strategic industry is 8 percent and the rates are 8 percent and 16 percent in the case of medium-sized an
SK Telecom announced on Dec. 15 that it shared the results of its tests on Korean Open-Radio Access Network (O-RAN) equipment at Plugfest hosted by the O-RAN Alliance.It conducted the tests with the Electronics and Telecommunications Research Institute (ETRI), HFR, Hewlett Packard Enterprise (HPE),
Hyundai Motor Group (HMG) will supply hydrogen fuel cell systems to FAUN Group, a German commercial vehicle manufacturer. This will mark the first time that HMG’s hydrogen fuel cell system is used for mass production of commercial vehicles by another automaker.HMG recently signed a contract with ENG
Coupang hosted U.S. and Korean government officials at its Daegu Fulfillment Center (FC) on Dec. 7 to discuss the company’s latest contributions to the Korean society. The event was attended by Philip S. Goldberg, the U.S. ambassador to the Republic of Korea, and officials from the government and lo
Huawei has signed a global commitment to join the International Telecommunication Union's Partner2Connect digital alliance, which will bring connectivity to about 120 million people in remote areas in more than 80 countries by 2025.Liang Hua, chairman of Huawei, announced the decision at the com
HMM’s share of the Asia-U.S. West Coast route has fallen to the 4 percent range in seven years. The route accounts for more than 40 percent of HMM’s sales. The drop in HMM's market share is because not only large shipping companies but also small and medium-sized shipping companies that do not b
Hyundai Motor Group has selected Slovakia as a bridgehead for its foray into the European electric vehicle (EV) market. Kia Corp.'s Slovakia plant will mass-produce pure battery electric vehicles (BEVs) for Europe beginning from 2025.Kia is planning to produce small and medium-sized EVs speciali
The author is an analyst of KB Securities. He can be reached at moonjoon.chang@kbfg.com. -- Ed. Recommend BUY, TP of KRW30,000 We maintain BUY on GS E&C but lower our TP by 35.5% to KRW30,000 (0.48x 12m fwd P/B) to accommodate a rise in COE (10.4%→11.2%) and a decline in ROE (8.6%→7.3%) following ea
Samsung SDI and LG Energy Solution posted record-high sales in the third quarter. The two companies made earnings surprises based on an increase in electric vehicle demand despite a global economic contraction caused by interest rate hikes.Samsung SDI announced on Oct. 26 that it posted 5,368 billio
Coupang Inc., the global parent company of Coupang, announced on Oct. 26 that it has launched its rocket delivery service for customers in Taiwan.Taiwanese customers now can purchase most of the millions of rocket delivery products from Korea. In particular, more than half of the rocket delivery pro
The Ministry of Science and ICT announced on Sept. 28 that South Korea’s plan to launch satellites using Russian launch vehicles cannot be realized, with South Korea joining international sanctions on Russia.According to the plan, South Korea’s KOMPSAT-6 multipurpose satellite is scheduled to be lau
The Ministry of Trade, Industry and Energy has not approved L&F’s cathode material plant construction in the United States, saying that the company’s technology protection measures are insufficient.These days, an increasing number of South Korean companies producing EV battery materials are trying t
Demand for automotive OLED panels is growing, helping LG Display offset the drop in demand for both large LCD and OLED TV panels. The imbalance between supply and demand for automotive semiconductors began to gradually ease from the second half of 2022, revitalizing the downstream industry. Global s
The Korea Chamber of Commerce and Industry has recently conducted a survey of 300 South Korean manufacturers and announced on Aug. 28 that global clients asked 14.7 percent of the manufacturers to use renewable energy in the RE100 campaign.“The survey covers 80 large and 220 medium-sized manufacture
The author is an analyst of NH Investment & Securities. He can be reached at ys.jung@nhqv.com -- Ed. Pan Ocean logged a 2Q22 earnings surprise thanks to a clever market response. We lower our TP by 10% to W9,000 in consideration of concerns over slowing raw material demand. However, we maintain a Bu
The author is an analyst of NH Investment & Securities. He can be reached at jack.baek@nhqv.com. -- Ed. Daedong Corp boasts the largest market share among Korean agricultural machinery manufacturers. It is planning to expand its business scope, including entering the smart mobility arena, with the u
HMM, the nation’s largest shipping company, plans to expand its capacity from the current 820,000 TEUs to 1.2 million TEUs by 2026 and invest 15 trillion won in strategic shipping assets during the next five years.HMM announced a mid- to long-term strategy at its main office in Yeouido, Seoul, on Ju
The Export-Import Bank of Korea (Korea Eximbank) announced on July 10 that it will establish a 500 billion won fund to promote Korean companies' investment in environmental, social, and governance (ESG) projects and support Korean small and medium-sized companies’ exports and overseas investment
Samsung Display has raised its production yield of quantum dot (QD)-based organic light emitting diode (OLED) displays to 85 percent.Samsung Display president Choi Joo-sun had a meeting with executives and employees at Giheung Campus in Yongin of Gyeonggi Province on July 1. After announcing the com
Korea Hydro & Nuclear Power (KHNP) announced on June 30 that it took part in a regular general meeting of the Utilities Service Alliance (USA), an American nuclear power plant operator group, for three days from June 28 to 30 (local time).The event, held in Idaho of the United States, was attended b