While Samsung Display filed an OLED panel patent infringement lawsuit against U.S. component makers, BOE, the largest display company in China, is attracting attention as the U.S. International Trade Commission (ITC) has decided to launch an investigation of BOE. Samsung Display took this action to
Mercedes-Benz overtook BMW in March, reclaiming the top spot in the Korean import car market.The number of newly registered imported cars reached 23,840 in Korea in March. This represented a decrease of 4.3 percent compared to the same period of 2022, according to the Korea Automobile Importers & Di
Experts say that China will continue to curb steel production again this year as it did last year. Accordingly, attention is focusing on whether Korean steel makers’ price negotiation power will increase as the amount of low-priced Chinese steel products will be reduced.According to foreign media ou
The first two million barrels of crude oil from the Abu Dhabi National Oil Company (ADNOC) in the UAE have arrived at Korea National Oil Corporation (KNOC)’s Yeosu storage facility.The two million barrels of ADNOC crude oil, which arrived on March 21, were brought into the country under the KNOC-ADN
The United States and the European Union are strengthening their economic security by curbing China. According to experts, China is likely to counter with its rare-earth elements (REEs).According to the United States Geological Survey, China accounted for 60 percent of the global total REE productio
The Korean government will start securing core minerals such as lithium and rare earths overseas to lower the nation's dependence on certain countries, including China, the Ministry of Trade, Industry and Energy (MOTIE) announced on Feb. 27. The government will also increase the recycling of use
The Japanese government implemented export restrictions against South Korea in July 2019 and South Korea has taken measures since then in order to rely less on industrial materials, components and equipment imported from Japan. It has been found that the dependence is still high nonetheless. Besides
The U.S. safeguard on South Korean washing machines implemented in February 2018 is likely to expire without extension at the end of this month. For the past five years, Samsung Electronics and LG Electronics raised their shares in the market by successfully dealing with the trade barrier.In princip
Romanian military personnel visited Hyundai Rotem and Hanwha Aerospace on Jan. 31. They looked around Hyundai Rotem’s K2 tank and armored vehicle plant and Hanwha Aerospace’s K9 howitzer and Redback IFV plant that day.In December last year, Romanian Prime Minister Nicolae Ciuca visited South Korea w
A warning light has been lit on Korea's export front. Due to a sluggish global semiconductor industry, Korea’s semiconductor exports were cut in half, and Corporate Korea suffered the largest-ever January trade deficit. In particular, the Korean economy is faced with the troubling fact that the
The author is an analyst of NH Investment & Securities. He can be reached at dongyang.kim@nhqv.com. -- Ed. Earnings at Samsung C&T have leveled up thanks to stable earnings at the construction division, brisk growth at the bio division, and the resolution of Covid-19 impacts. Moves to strengthen its
GM Korea aims to turn a profit in 2023 through the overseas launch of new models produced in Korea and the launch of electric vehicles produced overseas in the Korean market.At a press conference held at the Conrad Hotel in Yeouido, Seoul on Jan. 30, GM Korea president Roberto Lempel announced this
Korea’s dependence on China for lithium-ion battery materials, such as lithium hydroxide, cobalt, and graphite, has increased, the Korea International Trade Association (KITA) said on Jan. 24.According to KITA trade statistics released on Jan. 24, China accounted for 87.9 percent of Korea's lith
CarIsYou announced on Jan. 19 that 290,034 imported cars were registered in South Korea last year, including 205,804 German cars.The German cars include 81,016 sold by Mercedes-Benz, followed by BMW (78,554), Audi (21,419), Volkswagen (15,792) and Porsche (9,021).Sedans accounted for more than half
Korea’s wine imports hit an all-time high in 2022. Although the amount of imports decreased somewhat, imports of high-priced products expanded, driving up the import value to a new high.According to the Korea Customs Service’s trade statistics system on Jan. 18, Korea imported US$581.27 million (abo
The author is an analyst of NH Investment & Securities. She can be reached at jiyoony@nhqv.com. -- Ed.Shinsegae International’s 4Q22 earnings likely fell short of our previous estimates, affected by sluggish sales of in-house fashion and continuing in-house cosmetics investment. In 2023, while the i
Hanwha Q CELLS will expand its solar module plant in the United States.On Jan. 10, the Atlanta Journal Constitution (AJC), a local media outlet in the U.S. state Georgia, reported that Hanwha Q CELLS is planning to build the largest solar module plant in the United States by expanding its plant in G
The South Korean government announced on Jan. 8 that hydrogen produced in Malaysia and the UAE would be imported in 2027 and later for the purpose of power generation and export after conversion into ammonia.The hydroelectric power generation-based hydrogen in Malaysia is scheduled to be supplied by
The Korea Automobile Importers & Distributors Association announced on Jan. 4 that the domestic sales volume of Hyundai Motor Co., Kia, GM Korea, Renault Korea and SsangYong Motor totaled 1,388,476 in 2022, down 3.1 percent from a year ago.Hyundai’s fell 5.2 percent to 688,884 and Kia’s rose 1.1 per
POSCO announced on Dec. 29 that it has localized the production of hydrogen storage tanks in cooperation with Energyn, a Korean company specializing in gas container manufacturing.Hydrogen storage tanks are a key element in expanding hydrogen charging station infrastructure, but currently, the Korea