The stock price of SK IE Technology (SKIET) has soared. As the details of the US Inflation Reduction Act (IRA) came out, investor sentiment is responding positively to separator manufacturers that have became able to compete for market shares.On April 4th, SKIET’s stock price in the KOSPI market clo
Dong Suh Foods has decided to recall some of its Maxim Mocha Gold Coffee Mixes due to the possibility that silicon-based materials were mixed in during the production process.Some of eight different types of its products, including the 600 gram Maxim Mocha Gold Coffee Mix, may have contained a subst
Samsung Display will invest 4.1 trillion won (US$3.1 billion) for three years in Asan, South Chungcheong Province, to maintain a super-wide gap with its followers in the display industry. The company plans to retake the lead in the display industry that it lost to China by significantly boosting its
The Korean Confederation of Trade Unions and the Federation of Korean Trade Unions held a press conference on April 4 and demanded an hourly minimum wage of 12,000 won for next year.The demand is 24.7 percent higher than this year’s minimum wage (9,620 won per hour). The umbrella unions mentioned th
The popularity of inexpensive cars is rising in South Korea. For instance, KG Mobility sold 6,601 units of the Torres SUV last month, up 19.8 percent from the previous month. Thanks to the SUV, the company sold a total of 8,862 cars last month, setting a new sales record in 28 months. The price of t
The idea of turning the G7 into the G8 by including South Korea is emerging. The presidents of the United States and South Korea are expected to discuss the matter at their summit scheduled for April 26.The Federation of Korean Industries and the U.S. Center for Strategic and International Studies c
The author is an analyst of NH Investment & Securities. He can be reached at ys.jung@nhqv.com -- Ed.From mid-March, large airlines have begun to expand flight operations to China. The Korean and Chinese governments are working to normalize international routes and ease respective entry restrictions.
Financial Supervisory Service chief Lee Bok-hyun said on April 3 that the current temporary short selling ban in the South Korean stock market will be lifted only after financial uncertainties related to interest rates and other factors are gone.On March 29, he said at a Bloomberg interview that he
Hyundai Rotem has completed preparations for main contract negotiations for the Polish K2 tank (K2PL). It has also decided to promote production of the K2 tank in Poland.Hyundai Rotem announced on April 3 that it signed a consortium (K2PL Consortium) implementation agreement on a K2 tank production
Samsung Electronics will re-load the Exynos, an application processor (AP) designed by Samsung Electronics, into its Galaxy smartphone series. This plan aims to dial up Samsung Electronics’ share in the smartphone AP market and reduce the production cost of Galaxy products.According to industry sour
SK Hynix will raise funds by issuing exchangeable bonds (EBs) worth US$1.5 billion (approximately 1.974 trillion won) in the Singaporean market.SK Hynix announced on March 3 that it will issue EBs with a seven-year maturity and interest rates of 1.25 to 1.75 percent. The proceeds from the EB issuanc
The Korea Center for International Finance said in its report on April 3 that South Korea’s response needs to be more precise amid the ongoing U.S.-China rivalry in high-tech industries.The United States is continuing to curb China using the Inflation Reduction Act, the CHIPS Act, the Indo-Pacific E
Just in six months since launching the GlucoMen Day PUMP, a blood sugar control solution, in Europe, EOFlow is facing a sales suspension on the product. Insulet, the No. 1 insulin pump company in Germany, has been granted a preliminary injunction related to a patent in Germany, halting local sales o
Samsung Electronics will produce advanced driver assistance system (ADAS) chips for Mobileye, a world-class semiconductor developer for self-driving cars. ADAS chips are a key component responsible for preventing front collisions, maintaining lanes, and processing smart cruise control functions.Sams
LG Display is accelerating its business restructuring from displays for TVs and monitors to those for smartphones and vehicles.LG Display’s sales of displays for mobile devices, including smartphones and vehicles, are expected to cross 40 percent for the first time this year in April according to so
The U.S. government is demanding confidential information and data from Samsung Electronics and SK Hynix in exchange for subsidies.According to some industry sources, the companies are likely to follow the United States in the end as cooperation with it in the industry is essential and they are goin
The Korea Economic Research Institute of the Federation of Korean Industries announced on April 2 that South Korea's export item concentration in terms of the 2020 to 2022 average is 779.3 points, the highest among the world's top 10 exporters (548.1 on average). The second is Japan (753), f
While Samsung Electronics is actively seeking to develop cutting-edge graphics processing units (GPUs), competition is heating up to increase human resources among countries around the world, especially the United States. Regarding this, Samsung Electronics is making a move to develop technology for
The U.S. Treasury Department announced detailed guidelines for subsidies for electric vehicles under the Inflation Reduction Act (IRA) on March 31 (local time). Many Korean analysts say that the detailed guidelines are not much different from what they expected. However, they are also devoid of spec
Major KOSPI-listed companies, i.e. those with 10 trillion won or more in assets or a high proportion of foreign investment, must disclose important information in English starting next year.The Financial Services Commission and the Korea Exchange revised rules on March 29 to phase in mandatory discl