South Korea needs to strengthen its import-export trade with the United States through the Foreign Military Sales (FMS) program in order to become one of the top four global defense export powers, according to a Korea Institute of Industrial Economics and Trade (KIET) report titled “Recent Trends an
TSMC, the No. 1 global foundry player, is reportedly unable to meet Nvidia’s demand for artificial intelligence (AI) chip packaging. As demand for AI chips continues to explode, it remains to be seen if Samsung Electronics, considered the most technologically advanced player among latecomers, will e
Pernod Ricard Hong Kong Limited has unveiled Ballantine’s 21YO Artist Edition in collaboration with celebrated Korean artist Noh Sangho exclusively in Global Travel Retail across the APAC region.This artist edition is rooted in the campaign slogan of Ballantine’s, "Time Well Spent," which emphasizes
A new service has been launched to help passengers board domestic flights using only a PASS application on their smartphones, eliminating the need for physical identification and paper boarding passes.On Aug. 7, SK Telecom, KT, LG Uplus, and the Korea Airports Corporation jointly announced the launc
On July 28, Doosan Enerbility completed a continuous 240-hour operational test of its first domestically produced gas turbine engine with 270 MW output and initiated commercial operation at the Gimpo Combined Heat and Power Plant operated by Korea Western Power (KOWEPO). Through this achievement, KO
The Federation of Korean Industries (FKI) has selected Ryu Jin (65), the Chairman of the Poongsan Group, as its next chairman.According to a press release issued on Aug. 6, the FKI stated, “At the upcoming extraordinary general meeting on Aug. 22, the FKI is planning to change the organization’s nam
An analysis has emerged indicating that LG Energy Solution’s market share is catching up with CATL in the battery market, excluding China, for the first half of this year.According to SNE Research on Aug. 7, LG Energy Solution maintained its top position in terms of market share in the global batter
BlackRock, the world’s largest asset management company, has decided to reduce its paid-in capital by 62 percent in its Korean subsidiary, BlackRock Investment Management. This strategic move comes two years after the company sold its mutual fund business, reflecting an intent to optimize its cost s
Following the implementation of the U.S.’s Inflation Reduction Act (IRA), the target market for Korea-made battery materials is rapidly reorganizing, with anode materials, known as the “heart of the battery,” being representative. From January to July this year, the global export scale of South Kore
On Aug. 7, Lotte Energy Materials announced its plan to build a smart factory in Spain to produce high-end copper foil with a completion target of 2025. The company will invest 560 billion won and produce high-end copper foil for electric vehicle batteries at an annual scale of 30,000 tons.Initially
With superior image quality compared to Liquid Crystal Display (LCD) TVs, the Organic Light Emitting Diode (OLED) TV market, having entered a robust growth phase, is seeing a rise in ultra-large models, those 70 inches and above. This trend reflects the growing preference in the TV market for ultra-
Korea Development Bank (KDB), which has been pushing for the merger of Korean Air and Asiana Airlines, has started reviewing alternatives such as the sale to a third party, assuming the failure of the merger process. This move is interpreted as the initiation of “Plan B” after the merger between the
Woori Bank announced on Aug. 6 that it entered into a strategic alliance on Aug. 4 with BuildBlock, a U.S. real estate investment platform company, to provide comprehensive real estate investment services.BuildBlock is a Korean startup headquartered in Silicon Valley and was selected as a promising
The author is an analyst for NH Investment & Securities. She can be reached at jiyoony@nhqv.com -- Ed.C&C International achieved its highest-ever quarterly sales in 2Q23, chalking up strong top-line growth in North America (+225% y-y), China (+246% y-y), and at home (+49% y-y). We believe that this
The semiconductor battle between the United States and China is escalating. The U.S. has imposed sanctions on semiconductor exports to China, citing threats to national security, to which China responded by blocking exports of key semiconductor minerals. The U.S. is now considering restricting even
Coway's cutting-edge Airmega ProX has gained the highest consumer rating among air purifiers, according to US consumer media industry reports, reinforcing the company’s position as a pioneer in air purification technology.The performance evaluations conducted by Consumer Reports, a leading US co
China’s auto exports in the first half of the year topped the world for the first time ever by beating Japan. This is attributed to expanding sales of new energy-powered vehicles such as electric cars in the Russian market from which U.S., Japanese and European automakers have been withdrawing since
Large Korean companies such as Samsung Electronics, SK hynix and Hyundai Motors spent a record amount of money on lobbying in the United States in the first half of this year, according to OpenSecrets, a nonprofit political fund tracking organization. This is due to the fact that not only U.S. compa
The author is an analyst for NH Investment & Securities. He can be reached at jaemin.ahn@nhqv.com -- Ed.Zenonia, Com2uS Holdings’ first game release after its transition to a publishing-based model, is showing healthy early sales. Despite excessive marketing cost execution, we believe that marketing
Methanol-fueled ships have eclipsed liquefied natural gas (LNG) vessels, claiming the premier position for the highest number of environmentally friendly ship orders placed from January to July this year. South Korea’s shipbuilding sector, which has been cultivating its technological expertise in me