Samsung SDI is set to construct a lithium iron phosphate (LFP) battery production line at its Ulsan factory, marking the first of its kind in South Korea.According to industry and government sources on Aug. 16, Samsung SDI is in discussions with the Ulsan city officials about building a next-generat
The FA-50 has made history in Korean aviation by successfully completing its inaugural flight in European skies amid cheers from the Polish public.Korea Aerospace Industries, Ltd. (KAI) announced on Aug. 16 that two FA-50GF jets, the first and second units supplied to the Polish Air Force, successfu
Seoul, Korea, August 16, 2023 – The fourth round of ‘Lamborghini Super Trofeo Asia Series’, sponsored and supplied by Hankook Tire & Technology (Hankook Tire) and hosted by Italian supercar brand Automobili Lamborghini S.p.A, opens at the Inje Speedium in Gangwon State on August 18th and 19th.This r
Korea’s liquefaction technologies, which hold the key to the international transportation of hydrogen, still has a long way to go, requiring increased investment and government support, a report said.Korea’s share of global patent applications in the hydrogen storage and transportation sector over t
Large-scale LNG export projects in North America from 2022 to 2023 are expected to fuel orders for LNG carriers to transport them.According to sources in the shipbuilding industry and foreign media outlets on Aug. 15, the final investment decisions were made on three LNG projects in North America -–
The market share of Samsung Electronics’ flagship products, including semiconductors, smartphones, and TVs, fell altogether in the first half of this year. In particular, the share of its DRAM, the company’s core business item in the semiconductor field, hit a nine-year low, although it remained the
CHIVAS, a representative global blended whisky of Global wine and Spirit company Pernod Ricard Korea, introduced limited-edition sets in a special collaboration with Musician Simon Dominic, who represents the domestic hip-hop scene.Simon Dominic is a rapper belonging to the hip-hop and R&B label AOM
The author is an analyst for Shinhan Securities. She can be reached at inhae.ji@shinhan.com -- Ed.Earnings hit a new high in 2Q23JYP Entertainment set new record-high earnings with sales of KRW151.7bn (+124% YoY) and operating profit of KRW45.7bn (+88% YoY) in 2Q23. Both sales and operating profit f
The author is an analyst for NH Investment & Securities. He can be reached at sw.kang@nhqv.com -- Ed.The US aims to stabilize inflation and defend against a recession through a combination of aggressive Fed tightening and fiscal stimulus. However, real interest rates have converged with potential gr
The author is an analyst for NH Investment & Securities. She can be reached at jiyoony@nhqv.com -- Ed.Kolmar Korea’s 2Q23 results showed its best-ever quarterly earnings. It booked OPM of 16% on a surge in domestic sun care product orders, economies of scale from higher productivity, and category di
Japan has reported a 1.5% economic growth rate in the second quarter, significantly outpacing South Korea’s 0.6%. Despite the global economic slowdown, Japan continues its growth streak for the third consecutive quarter. Its stock market has also reached its highest level in 33 years, indicating a r
Samsung Electronics has decided to sell a portion of its shares in the Dutch semiconductor equipment manufacturer Advanced Semiconductor Materials Lithography (ASML) after holding onto them for seven years. This move is interpreted as an effort to secure funds for investment, especially as the compa
After a decade-long downturn, HD Korea Shipbuilding & Offshore Engineering, Samsung Heavy Industries, and Hanwha Ocean are gaining momentum in realizing substantial profits. In July, domestic shipyards reclaimed the title of being the world’s top shipbuilding nation from China, a position they lost
Starting from the second quarter, major companies are showing a preference for bank loans as a means of fundraising over issuing corporate bonds. This trend is emerging as the interest rates for bank loans do not significantly differ from the interest rates for corporate bond issuance. With expectat
A Korean Air passenger plane that was headed to the city of New York in the U.S. had to return to Incheon International Airport due to an aircraft malfunction.According to Korean Air on Aug. 14, its flight with the number KE081 and carrying around 400 passengers took off from Incheon Airport at 10 a
The news of a visit to Korea by an official from the UAE Royal Family Office (hereafter referred to as the UAE Royal Office), which has signed a business agreement with Aiitone, a KOSDAQ-listed company, is attracting attention from related industries.Aiitone (CEO Jin Yeop Lee), a fintech specialist
As the importance of carbon neutrality has been growing globally, major Korean companies are focusing on the carbon capture, utilization, and storage (CCUS) business. The idea is to collect carbon dioxide (CO₂) emitted into the atmosphere from fossil fuels to reduce greenhouse gas emissions and then
On Aug. 11, Cosmax, a global cosmetics R&D and production (ODM) company based in Korea, held a ceremony to celebrate the completion of a joint venture factory with Yatsen. It is the largest single cosmetics factory in Asia. With the new plant, Cosmax will expand its presence in the Chinese market.Th
For two consecutive months Japan has surpassed China to rank second in South Korea’s trade deficit rankings, following a narrowing deficit with China.According to the “July 2023 Export and Import Trends” report released by the Ministry of Trade, Industry, and Energy on Aug. 13, the trade deficit wit
On Aug. 12 (local time), the Governor of the Central Bank of the Islamic Republic of Iran announced that nearly US$1 billion in value had been lose from the approximately US$7 billion of its funds that are frozen in South Korea, attributing the decrease to the depreciation of the won’s value against