Korean materials companies are considering launching research about LFP cathode materials, but this is the first time they have officially announced that.EcoPro BM and POSCO Future M started developing LFP cathode materials in earnest from the second quarter of this year, according to their semi-ann
Following a ban on overseas transfers of rare earth permanent magnet manufacturing technology at the end of 2022, China has decided to control the export of gallium and germanium emerging as next-generation semiconductor materials, starting from August. The Russian-Ukrainian war, which has been goin
Domestic TV manufacturers such as Samsung Electronics and LG Electronics have been holding a dominant position in the global market but are now showing signs of unease. This is because Chinese companies like TCL and Hisense have been aggressively competing with lower-priced offerings, rapidly erodin
On Aug. 21, Hanwha Life’s Vietnam subsidiary announced that it had achieved cumulative profitability for the first time since its establishment in 2008. It is the first time for a domestic insurance company, fully funded and set up as a sole proprietor, to achieve this overseas.Eight years after its
On Aug. 20, Shinhan Bank announced that it had celebrated its 30th anniversary of entry into Vietnam with an event at the Intercontinental Hotel in Ho Chi Minh City on Aug. 18.Shinhan Bank made its foray into Vietnam in 1993, a year after South Korea and Vietnam established diplomatic relations, bec
Daewoong Pharmaceutical announced on Aug. 20 that due to the global expansion of its self-developed botulinum toxin treatment “Nabota” and newly developed drugs such as Fexuclue and Envlo, its overseas exports have grown by more than 200% in the past two years.Exports, which stood at 448 billion won
SK hynix has successfully developed the world’s first 5th generation High Bandwidth Memory (HBM), setting a new benchmark for high-performance DRAM.On Aug. 21, SK hynix announced, “We have successfully developed ultra-high-performance DRAM for Artificial Intelligence (AI), dubbed the 5th generation
The author is an analyst for NH Investment & Securities. He can be reached at kyuha.lee@nhqv.com -- Ed.Reflecting slower-than-expected downstream demand and a dampening in global peer valuations, we lower our earnings forecasts and TP for LGE. But, with the IT giant’s shares trading near the bottom
The author is an analyst for Shinhan Securities. He can be reached at sanghoonpure.cho@shinhan.com -- Ed.Orion saw July sales increase 18.1% in Korea and 1.4% in Vietnam, but fall 2% in China and 25% in Russia on a YoY basis. Top-line growth was achieved across the board when excluding forex effects
Growing demand for batteries is fueling competition for key minerals. In the meantime, countries and companies leading electrification are divided over whether to utilize deep-sea resources. China, which asserts that the deep sea can be an efficient source of minerals, is faced with opposition from
The key focus of the economic collaboration announced at Camp David between South Korea, the U.S., and Japan is the mitigation of “China Risk.” This cooperative effort is aimed at countering China’s growing influence in high-tech industries by jointly tackling supply chain disruptions and technologi
South Korea, once the largest exporter to China, fell to fifth place among exporters to China in the first half of this year. This is because exports of intermediate goods to China, which account for more than 80 percent of South Korea’s exports to China, have been on a sharp decline. On the other h
Midsize domestic automakers gearing up for electric vehicle production in South Korea are actively seeking partnerships with overseas battery suppliers from countries like China and Japan. This move comes as South Korean battery manufacturers, including the top three, are increasing their overseas i
SK on announced today it will establish a cathode manufacturing facility in Canada with global major automaker Ford Motor and cathode producer EcoPro BM as they joined a move to strengthen a value chain covering from key battery materials to electric vehicles (EVs). Cathode is a core material determ
A slow recovery in demand for NAND flash memory compared to DRAM has put the semiconductor industry, including Samsung Electronics and SK hynix, into a hard spot. This is because the growth of the artificial intelligence (AI) industry leading to the improved profitability of DRAM is begetting a nega
China-based CATL, the world’s leading electric vehicle battery company, has unveiled a lithium iron phosphate (LFP) battery that can cover up to 400 km on a 10-minute charge. With the increasing adoption of LFP batteries in the global electric vehicle market, the news has caught the attention of Sou
Samsung Electronics’ sales in China for the first half of this year have declined by more than 12 trillion won compared to the same period last year. There are visible signs of Samsung’s movement away from China, with both the number of their operational facilities and employees in the country on th
Hankook Precision Works Co., Ltd., an affiliate of Hankook & Company, and 3D printing specialist company Tera Works co-launched a new 3D Printing Convergence Technology Center at the Hankook Engineering Lab in Yuseong-gu, Daejeon Metropolitan City, driving new momentum in new businesses using 3D pri
Korea’s trade balance in the information and communications technology (ICT) industry provisionally reached a surplus of US$3.19 billion in July after a slowdown in a drop in exports from April to June.The Ministry of Trade, Industry and Energy (MOTIE) said on Aug. 16 that ICT exports reached US$14.
The U.S. International Trade Commission (ITC) has conceded a defeat in the five-year-long washing machine war between the United States and Korea, but Korean companies are complaining that a more complicated situation is facing them. Samsung Electronics and LG Electronics have been able to increase