Jusung Engineering, a semiconductor, display, and solar equipment company, has carved a mythical path in the barren land of domestic ventures. This year marks its 30th anniversary. Established in 1993, the company has experienced various challenges but has achieved remarkable growth through continuo
Korean railroad companies such as Korea National Railway, KORAIL and Hyundai Rotem will participate in a Ukrainian railway reconstruction project in earnest.The Korean Ministry of Land, Infrastructure, and Transport, Korea National Railway and KORAIL announced on Nov. 22 that they formed the Railway
The Hyundai Motor Group Innovation Center in Singapore (HMGICS) is an urban micro-factory. Urban micro-factories are characterized by a multi-vehicle, low-volume production system rather than mass production of a traditional automobile factory. Although Singapore has a small automobile market, it is
Korea’s real gross domestic product (GDP) is expected to rise by 2.0 percent next year from this year, according to the state-run Korea Institute for Industrial Economics and Trade (KIET) in its 2024 Economic and Industrial Outlook report released on Nov. 20. The relatively conservative forecast is
The author is an analyst for NH Investment & Securities. He can be reached at pk.park@nhqv.com -- Ed.When will global bio indices bottom out? Even if the rankings of the two largest pharmas have changed amid robust sales growth, the S&P500 Healthcare Index has continued to slide this year. We view t
South Korean conglomerates, including Samsung and LG, are set to unveil new home appliances, mobile technologies, and mobility (automotive) solutions at CES 2024, the world’s largest electronics trade show held in the United States, embarking on extensive promotional activities.According to industry
The author is an analyst for NH Investment & Securities. He can be reached at bk@nhqv.com -- Ed.Although the Covid-19 pandemic has ended, it has impacted global policies and life patterns. Anti-globalization has accelerated, and the new Cold War has deepened, with regional wars erupting. While drama
Hyundai Engineering announced on Nov. 16 that it participated in the 2023 Rebuild Ukraine Exposition, held in Warsaw, Poland, from Nov. 14 to 15, and signed two memoranda of understanding (MOUs) for cooperation in “Modular Construction Projects” and “Fertilizer and Chemical Business.”Hosted by Ukrai
Seven key areas have been proposed to lead Korea’s future in 2040. On Nov. 14, the National Academy of Engineering of Korea (NAEK) hosted the Industrial Strategy for Tomorrow (IS4T) Forum at Josun Palace Hotel to share the results of its research on global future scenarios about 2040 and Korea’s res
KB Kookmin Bank has announced the signing of a memorandum of understanding with Thailand’s Siam Commercial Bank (SCB). Through this partnership, the two institutions intend to share financial technologies and infrastructure, developing a new financial model for creating a borderless payment infrastr
Hyundai Engineering & Construction announced on Nov. 8 that it has signed a strategic business agreement with Korea Midland Power and the Korea Overseas Infrastructure & Urban Development Corporation (KIND) to jointly develop solar power generation projects in the United States.Through this agreemen
HD Hyundai Electric has recently entered into a supply contract with the Saudi Electricity Company (SEC) for high-voltage circuit breakers and reactors.On Nov. 8, HD Hyundai Electric officially announced that it had signed a contract with the SEC on Nov. 7 for the supply of 380-kilovolt (kV) high-vo
The Korea Electric Vehicle Charging Service (KEVCS), operator of the domestic electric vehicle charging service Happecharger, has recently announced a complete ban on charging Tesla vehicles at its charging stations.In September, KEVCS posted a notice on the Happecharger website under the title “Not
ArkData has entered into an Independent Software Vendor (ISV) partnership agreement with TmaxTibero, a specialist in Database Management Systems (DBMS), led by CEO Kim Dae-ki. The agreement, announced on the 8th, is aimed at enhancing the efficient management of their IT infrastructure and data.This
The author is an analyst for NH Investment & Securities. He can be reached at sokang@shinhan.com -- Ed.3Q23 review: Earnings meet consensus on improved cost efficiencyNAVER posted operating profit of KRW380.2bn (+15.1% YoY, +2% QoQ, operating margin of 15.5%) on sales of KRW2.45tr (+18.9% YoY, 1.6%
SK bioscience, an innovative vaccine and biotech company committed to promoting human health from prevention to cure, announced that H.E Dr. Jean Kaseya, Director General of Africa CDC visited SK bioscience headquarters on November 3 to discuss collaboration with the Partnerships for African Vaccine
SK ecoplant is set to provide solid oxide fuel cells (SOFCs) to an upcoming data center in Ireland, a data center hub for major global tech companies.On November 2, SK ecoplant made a significant announcement, revealing the signing of a memorandum of understanding (MOU) with Ireland's Lumcloon Energ
For more than 60 years, Korea had not made it to U.S. Billboard charts, but starting with Psy’s Gangnam Style in 2012, K-pop’s presence on the charts has been growing with BTS, BlackPink, and Nujins making their splashes.As K-pop’s status has changed, so has the number of foreigners visiting Korea.
According to data obtained from the Financial Supervisory Service by Rep. Seo Beom-soo, a member of the National Assembly’s Land, Infrastructure, and Transport Committee, on Nov. 1, the outstanding balance of housing mortgage loans for foreigners, offered by the four major commercial banks -- KB Koo
As Germany, which shares a similar economic structure with South Korea, takes steps to improve its economic structure and reduce its trade dependence on China, there is a call for South Korea to draw lessons from Germany’s example and work towards improving its own economic structure.According to a