Germany’s abrupt suspension of subsidies for electric vehicles (EVs) sold in the country is puzzling South Korea’s auto industry, which exports electric vehicles to the region. This along with France’s plan to reorganize its EV subsidies to measure carbon emissions and provide differential subsidies
The Fair Trade Commission (FTC) of Korea has decided to promote the enactment of a platform competition promotion act, which will designate large platforms that dominate the market as market dominators and prohibit them from engaging in unfair competition practices such as getting preferential treat
The author is an analyst for NH Investment & Securities. He can be reached at ys.jung@nhqv.com -- Ed.Moving ahead, we expect to see further structural strengthening in CJ Logistics’ profitability, powered by a combination of higher parcel delivery volume, a widening sales portion for small parcels,
Recent data reveals that less than 1 percent of the South Korean population, specifically the top wealth holders, possess nearly 60 percent of the total financial assets of all households. Their combined financial assets amount to 2,747 trillion won (US$2.11 trillion), with real estate assets reachi
Samsung Electronics, once the world’s No. 1 research and development (R&D) company, has slipped to seventh place. The number of Korean companies in the top 2,500 global R&D companies has also dropped.Samsung’s R&D investment in 2022 amounted to 18.435 billion euros (US$20.083 billion), pulling down
Park Jung-won, chairman of Doosan Group, will attend the world’s largest consumer electronics and IT trade show, CES 2024, to be held in Las Vegas, Nevada, in the U.S., from Jan. 9 to 12.According to Doosan Group on Dec. 17, Chairman Park, along with Vice Chairman Park Ji-won and other executives, w
POSCO Holdings has succeeded in localizing electrodialysis membranes, a key component for lithium extraction, with a small but promising Korean company.On Dec. 14, POSCO Holdings and WSK announced that they signed a business agreement to jointly develop electrodialysis membranes for lithium producti
As the shareholder meeting season approaches in March next year, activist funds are gearing up for more assertive actions. Some stocks targeted by activist funds are experiencing price fluctuations in anticipation of the resolution of undervaluation. The securities industry is anticipating that shar
LS Group’s carbon free electricity (CFE) business is gaining momentum. The sub-subsidiary of LS Group, a company specializing in environmentally friendly core materials and components, has seen a sharp increase in its corporate value.According to the Korea Exchange on Dec. 13, LS Materials’ stock cl
Offshore plants, the main cause of the shipbuilding industry’s prolonged recession, are making a comeback. Demand for offshore plants is changing from oil to eco-friendly energy such as offshore wind power and liquefied natural gas (LNG). It is expected to become a new growth driver for Korean shipb
Starting on Dec. 14, the foreign investor registration system, which was considered one of the causes of the “Korea Discount,” or the undervaluation of the South Korean stock market, will be abolished.According to the financial investment industry on Dec. 12, the “Enforcement Decree of the Capital M
K-beauty companies are gaining tremendous popularity in the Japanese market, surpassing beauty powerhouse France. Leveraging cost-effectiveness and product quality, these companies are showcasing their presence across both online and offline markets, offering a range of products from basic skincare
McKinsey & Company released an economic diagnosis report titled “Korea’s Next S-Curve” on Dec. 11. This report comes ten years after the firm’s previous report titled “Beyond Korean style: Shaping a new growth formula,” suggesting that the South Korean economy has reached its growth limits.In its re
Fundraising in the venture capital (VC) industry has completely frozen due to continued high interest rates. The number of large venture funds valued at more than 100 billion won, a barometer of a booming VC market, has fallen to just five in the first three quarters of this year. The figure was 17
Hyundai Engineering announced on Dec. 11 that it has signed a memorandum of understanding (MOU) with the Korea Atomic Energy Research Institute for the overseas export of the Korean-style Small Modular Reactor (SMR).The signing ceremony, held at the Korea Atomic Energy Research Institute headquarter
HD Hyundai Heavy Industries (HHI) is considering importing blocks for merchant ships from China for the first time since its establishment. Until now, all of the blocks for merchant ships have been manufactured by HD HHI’s Korean partners and delivered to HD HHI.According to industry sources on Dec.
Huawei’s launch of a 5G smartphone equipped with a 7-nanometer chip in August sparked immediate calls in the United States for stronger sanctions against China, highlighting the global significance of the U.S.-China tech competition.However, upon closer examination, this U.S.-China tech rivalry also
A top European Commission (EC) official has given a positive assessment for the first time to remedial measures submitted by Korean Air to the EC for its merger with Asiana Airlines.“We have seen very positive progress on some of the proposals in Korean Air’s remedial measures,” EC Justice Commissio
비지니스코리아 Jasmine Choi (pr@businesskorea.co.kr)Chinese panel manufacturer BOE is poised to overtake Samsung Display as the world leader in foldable panels by the end of the year, propelled by the aggressive market expansion of Chinese smartphone makers.Market research firm DSCC reported on Dec. 7 that
The author is an analyst for Shinhan Securities. He can be reached at hyon@shinhan.com -- Ed.Seasonal demand from new smartphone release to concentrate in 4QLX Semicon registered operating profit of KRW14.9bn (+91% QoQ) on sales of KRW412.8bn (-9% QoQ) for 3Q23. With its client hit by delays in the