Samsung Electronics and LG Display are expanding their alliance to include 77-inch organic light-emitting diode (OLED) TVs after the 83-inch models. The alliance with LG Display is expected to expand to LCDs due to a patent dispute between Samsung Electronics and BOE of China.According to industry s
Samsung Electronics, Nvidia, Qualcomm, and TSMC are engaged in a fierce competition to dominate the autonomous driving semiconductor market. Recently, automotive companies such as Hyundai Motor and Tesla have also entered the fray, developing their own autonomous driving chips. The reason for this i
Taiwan’s TSMC, the world’s No. 1 foundry company, has decided to delay the start of its local plant in Arizona, the U.S., which was scheduled for 2024. TSMC’s delay is due to the difficulty of finding skilled labor in the U.S. market.This has come as a big disappointment for the Biden administration
KT Group will invest 15 billion won in Moreh, a Korean artificial intelligence (AI) infrastructure software company. The company plans to make a major change in domestic AI service and solution ecosystems that rely on Nvidia’s software by joining forces with companies with unique technologies in the
Chinese banks that have entered the Korean market have faced a wave of sanctions from the Financial Supervisory Service (FSS) for breaching reporting obligations.The simultaneous sanctions imposed on Chinese banks are considered unusual, demonstrating the financial authorities’ determination to take
In the first six months of this year, the net issuance of Korean Paper denominated in foreign currencies by domestic residents, excluding the government, amounted to US$13.3 billion. This marks a significant increase compared to the previous year’s annual net issuance of US$11.4 billion. Furthermore
The era of methanol ships has officially begun with the voyage of the world’s first methanol propulsion ship, built by a Korean shipbuilder. Following HD Korea Shipbuilding & Offshore Engineering, which leads in technology having secured the most methanol ship orders globally, Samsung Heavy Industri
Over 650,000 electric vehicles (EVs) were sold in the United States in the first half of this year, representing an increase of over 50% compared to the same period last year. However, the market share of Korean automakers is retreating.The Korea Automobile & Mobility Industry Association (KAMA) ann
Taiwan Semiconductor Manufacturing Company (TSMC), the world’s top semiconductor foundry, has maintained its position as the global semiconductor leader throughout the fourth quarter, ahead of Samsung Electronics. Forecasts suggest TSMC’s dominance will continue, fueled by a recovery in business per
Korea Development Bank (KDB) is set to start the process of selling its controlling stake in HMM, a deal that is anticipated to be one of the largest M&A transactions in the market, possibly worth up to 5 trillion won.KDB Bank announced on July 20 that they have issued a public competitive bid for t
Yoon Jong-gyu, the Chairman of KB Financial Group, held his second meeting with Kengo Sakurada, the Chairman of SOMPO Holdings of Japan, at KB’s main office in Yeouido, Seoul, on July 19. They discussed plans to expand cooperation in various sectors including insurance, digital business, overseas op
Global brand Chevrolet starts full-fledged sales today with the official launch of ‘THE NEW TRAILBLAZER’ in Korea.Debuted in the global market in 2020, the Chevrolet Trailblazer is a model that sets the standard for a premium compact SUV with unique designs that can be selected according to consumer
The author is an analyst for Shinhan Securities. He can be reached at jaewonjeong@shinhan.com -- Ed.2Q23 preview: Earnings to come in line with market expectationsWe now expect GC Biopharma to post consolidated sales of KRW437.1bn (+3.3% YoY) and operating profit of KRW20.3bn (+55.2% YoY, operating
The author is an analyst for Shinhan Securities. He can be reached at jaewonjeong@shinhan.com -- Ed.2Q23 OP to fall short due to high YoY base in MSD vaccine sales We now expect HK inno.N to post sales of KRW207.1bn (-17.8% YoY) and operating profit of KRW11.5bn (-35.0% YoY, operating margin of 5.5%
The Chevrolet Trax Crossover and Trailblazer, GM Korea’s two flagship models, ranked first and second in Korea’s passenger car exports in June thanks to a surge in demand from the North American market.According to the Korea Automotive Manufacturers Association (KAMA) on July 20, the Trax Crossover
The long-awaited process of selling HMM, considered a major player in the merger and acquisition (M&A) market with an estimated value of up to 5 trillion won (US$3.91 billion), has officially commenced.On July 20, the Industrial Bank of Korea (IBK) and the Korea Ocean Business Corporation (KOBC) iss
Singapore’s sovereign wealth fund, GIC, is teaming up with domestic institutional investors to undertake a substantial data center project. Despite challenging investment market conditions due to factors like consecutive interest rate hikes, data centers are gaining popularity as a stable and attrac
According to industry sources on July 20, one of the most significant issues recently faced by Korean companies entering the Vietnamese market is power shortages. Concerns have been raised that chronic power supply problems, leading to frequent power outages, could hamper production.The power situat
Naver announced on the 20th that Poshmark, the C2C fashion commerce platform it acquired last January, has launched “Posh Lens,” which allows users to quickly search for products with just one photo.Posh Lens can find products that match or are similar to images of clothes, shoes, and bags taken by
Hana Bank announced on July 13 (local time) that it plans to expand its global investment banking business through a partnership with Bank Gospodarstwa Krajowego (BGK), otherwise known as Polish Development Bank. The bank’s main headquarters, located in Warsaw, Poland, was the site of the announceme