Australian Strategic Materials (ASM) is a company focused on mining and processing rare earth elements and critical minerals that has a strong partnership with Korea. Business Korea conducted a written interview with ASM CEO Rowena Smith to ask her about her company’s business activities, its Dubbo
While Apple is set to release its Vision Pro mixed reality (MR) headset with virtual reality (VR) and augmented reality (AR) capabilities in 2024, Samsung Electronics, Google, and Qualcomm of the Android group are also working on the development of new MR devices. Industry insiders are expecting a c
The author is an analyst for NH Investment & Securities. He can be reached at minjae.lee@nhqv.com -- Ed.For June, we change our recommended plays to Doosan Enerbility and KEPCO, drawing attention to both expectations for large-scale NPP projects and improved profitability (thanks to a progressive ra
The author is an analyst for Shinhan Securities. He can be reached at jinmyung.lee93@shinhan.com -- Ed.Epoxy market conditions on recovery trackEpoxy resin is mainly used for coating, adhesive, and waterproofing purposes in a range of industries such as shipbuilding, auto, construction, and wind pow
LOTTE WORLD TOWER has claimed the 7th spot among the world's tallest buildings.According to industry sources and Spanish media outlet El Mundo on June 2, LOTTE WORLD TOWER, spanning 123 stories and 555 meters, has risen to seventh in the list of the world's tallest skyscrapers. LOTTE WORLD T
Korea Midland Power Co., Ltd. (KOMIPO) announced on May 23 (local time) that it has officially commenced commercial operations of the "Gubbaberget Wind Project" in Sweden, marking its second wind power project in Europe, a first for any power group in Korea.The Gubbaberget Wind Project, located in G
Ørsted, a global offshore wind leader, signed a submarine cable supply contract with LS Cable & System for its 920 MW Greater Changhua 2b and 4 offshore wind farms in Taiwan. Ørsted previously signed a contract with LS C&S in 2019 to supply submarine cables for the 900 MW Greater Changhua 1 and 2a o
Daewoo Construction announced(Daewoo E&C) on May 17 that it had signed a Memorandum of Understanding with Corio Generation, a global specialist in offshore wind power development, to maximize synergy in offshore wind power generation projects. The agreement was signed at Daewoo Construction's he
Samsung C&T announced on May 17th that it has signed a Memorandum of Understanding (MOU) with Diamond Generating Asia (DGA), a subsidiary of Mitsubishi Corporation, for the collaborative development and operation of a green hydrogen/ammonia project in Australia.Through this agreement, both companies
SK ecoplant announced on May 17 that it has signed an investment agreement with World Energy GH₂ of Canada at Lotte Hotel Seoul to participate in the US$4.5 billion Nujio’qonik Green Hydrogen Project. World Energy GH₂ is developing a large-scale green hydrogen project based in the area of Newfoundla
On May 16, Stellantis put on hold the construction of its joint venture plant with LG Energy Solution, NextStar Energy, effective the previous day, local time, according to industry sources. “The Canadian government has not fulfilled agreed-upon terms for the construction of the joint venture,” the
The author is an analyst for NH Investment & Securities. He can be reached at dongyang.kim@nhqv.com -- Ed.LS Holdings’ earnings momentum is being spurred by the consolidation of LS MnM earnings. The firm is beefing up its portfolio by expanding capacity and increasing stakes in subsidiaries. Moreove
The author is an analyst for NH Investment & Securities. He can be reached at dongyang.kim@nhqv.com -- Ed.In-house businesses have been reorganized into: construction, global, and momentum. The firm’s growth potential is rising on the expansion of its green energy/materials ventures and high-value a
The author is an analyst for NH Investment & Securities. He can be reached at sw.kang@nhqv.com -- Ed.Amid tightening bank credit conditions, 1) core services inflation, excluding housing, came in below market expectations; and 2) housing inflation peaked out at a 21-month high. April retail sales co
Stellantis and LG Energy Solution are planning to establish a joint venture for electric vehicle batteries in Ontario, Canada, but they are at odds with the Canadian government over financial support, according to foreign media reports.According to Bloomberg on May 13 (local time), Stellantis claime
The author is an analyst for NH Ivestment & Securities. He can be reached at ys.jung@nhqv.com -- Ed.Excluding AMPC subsidy effects, CS Wind’s 1Q23 results arrived short of expectations due to sales decline stemming from production disruptions at the US subsidiary. However, utilization rate is contin
Despite POSCO investing more than 1 trillion won (US$757 million) over five years since 2017 in environmental improvement costs to reduce air pollutants, the amount of dust containing carcinogens has been increasing every year.According to the results of automatic chimney emission measurements by Ko
LS Cable & System announced on May 8 that it has won a KRW 2 trillion (US$1.5 billion) order for high-voltage direct current (HVDC) cables from Dutch state-run utility company TenneT. The Korean cable maker will participate in a project to connect offshore wind farms in Europe’s North Sea and inland
The author is an analyst for NH Investment & Securities. He can be reached at sw.kang@nhqv.com -- Ed.Unlike February, bank credit contraction is now partially replacing the role of the Fed. Despite an upside surprise in non-farm payrolls, a reacceleration in Fed tightening appears unlikely. Given th
The author is an analyst for NH Investment & Securities. He can be reached at minjae.lee@nhqv.com -- Ed.For May, we maintain our Neutral rating on the construction sector and continue to recommend Samsung Engineering and Hyundai E&C as top picks. We advise focusing on constructors with overseas proj