The author is an analyst of NH Investment & Securities. He can be reached at pk.park@nhqv.co. -- Ed. Yuhan’s consolidated 2Q21 OP came to W23.4bn, exceeding consensus by 17%, with OP excluding licensing fees seeing a turn to profit. Serving as the main momentum driver are clinical trials for a Tagri
China accounted for 40 percent of the global display market in terms of sales in the first quarter of this year, rising to the top by beating South Korea by a margin of seven percentage points. In 2019, South Korea was 11 percentage points ahead of China. Last year and this year, however, the global
Korean Air has recently commenced a joint research project with Seoul National University, which was commissioned by the Republic of Korea Air Force, to develop the feasibility of using large commercial aircraft for air launching. As part of the joint research, Korean Air will analyze the Boeing 747
Chinese companies are in hot pursuit of Korean companies in the OLED panel market.BOE, China's largest display company, is expected to supply nine million OLED panels to Apple in 2021. Although this figure is only 5.3 percent of Apple’s total OLED panel demand of 169 million units, Korean OLED m
The authors are analysts of NH Investment & Securities. They can be reached at j.ko@nhqv.com. -- Ed. Investment in low carbon-related industries is picking up, as countries around the globe hike their greenhouse gas reduction targets. We note that leading global auto player GM recently raised its EV
The global LCD panel demand is forecast to peak soon and oversupply is forecast to recur in the second half of this year.The prices of LCD panels have continued to increase since the second half of last year. According to market research firm Omdia, the 55-inch UHD LCD panel price reached US$223 las
The author is an analyst of NH Investment & Securities. He can be reached at j.ko@nhqv.com. -- Ed. BOE’s influence on the OLED market (smartphone basis) is to continue rising, backed by both ongoing client diversification from Chinese companies to global players and improvement in the firm’s product
South Korea ranks first in the world in patent applications for OLED display panel compensation and correction technologies, a survey by the Korean Intellectual Property Office (KIPO) showed on June 13.KIPO surveyed the five advanced patent countries -- Korea, the United States, China, Europe and Ja
Korean Air flew its longest non-stop flight since its establishment in 1969 using a passenger plane converted to a freighter. Korean Air announced that its cargo flight KE8047, which left Incheon Airport on June 12 at 9:14 p.m., arrived at Miami Airport (U.S.) after flying 13,405 km for a duration o
Samsung Display is facing a strike threat from its labor union amid intensifying competition with Chinese companies and a switch to next-generation displays.Samsung Display's labor union is collecting opinions from its members to decide whether to go on strike over wage hikes. If Samsung Display
Competition will intensify in the global smartphone OLED panel market as Chinese companies are speeding up their penetration of the market with low-cost products, challenging Samsung Display’s dominance.Smartphone OLED panel shipments will reach 812 million units in 2022, said Omdia, a market resear
Apple will reduce its reliance on OLED displays from Samsung Display this year, according to SamMobile, the largest global online Samsung fan community.Samsung Display accounted for 78 percent of the OLED panels used for the iPhone last year. However, SamMobile forecasts that the proportion will dec
The planned sale of Magnachip to China is causing controversy with the U.S.-China competition in the semiconductor industry intensifying.The South Korean semiconductor manufacturing company signed the contract with Beijing-based Wise Road Capital last month. The price of the company is estimated at
The author is an analyst of KB Securities. He can be reached at goun.whang@kbfg.com. -- Ed. Maintain BUY and target price of KRW400,000 We maintain BUY and our TP of KRW400,000 for SK materials because, despite a 4.6% cut to 2021E NP reflecting new businesses’ 1H21E losses due to costs, particularly
Samsung Electronics is planning to use OLED panels from BOE in its smartphones for the purpose of cost reduction. According to industry sources, the flexible OLED panels from the largest display manufacturer in China may be used in some Galaxy M Series models to be released in the second half of thi
The author is an analyst of NH Investment & Securities. He can be reached at pk.park@nhqv.co. -- Ed. With regards to Yuan’s Lazertinib, the two key issues for 2021 are to be: 1) phase II trial results for the SAVANNAH study; and 2) phase I brain metastasis data for the CHRYSALIS study. Yuhan is to r
Chinese companies are about to catch up with South Korean companies in the global OLED industry. Last year, the former’s market share topped 10 percent for the first time with the government backing. What is going on in the industry is the same as what happened in the LCD industry three years ago.Th
Market research firm Omdia reported on March 7 that the prices of 32- to 65-inch LCD panels rose about 4.5 percent last month. Specifically, the price of 55-inch 4K LCD panels rose from US$182 to US$191, up more than 70 percent from a year ago. Likewise, the price of 65-inch LCD panels jumped from U
The Ministry of Land, Infrastructure and Transport has told South Korean airlines to suspend the operation of their Boeing B777s equipped with the PW4000 engine, which caused an accident in Denver recently.The ministry banned the operation until an airworthiness directive from the Federal Aviation A
China's BOE is busy expanding its business areas after entering Apple's supply chain. BOE’s move will inevitably affect Samsung Display and LG Display.BOE is preparing to supply OLED panels for the iPhone 13. In the fourth quarter of 2020, BOE started supplying OLED panels to Apple. It was a