Short selling of Hyundai Motor Group’s stocks has been intensifying, including both Hyundai Motor and Kia Motors. As concerns over performance grow, there are a rising number of investors betting on a decline in stock prices. In contrast, some experts in the securities industry believe that Hyundai
Ultium Cells, a battery joint venture between LG Energy Solution and General Motors, has reached a tentative agreement with the United Auto Workers (UAW) to increase wages for workers at the Ohio factory in the United States by 25 percent. This marks the first time that the UAW, the largest automoti
This year, SK REIT’s share-price decline has been modest compared to the level seen during its rights issuance period last year. With capital to be raised to the degree expected, DPS is projected to rise over the next year. We advise buying at the current low price, believing that the risk of any sh
Due to a recent economic crisis in China, Korea’s exports to China may fall by US$36.92 billion this year, according to an analysis report.The report titled “Implications of Declining Exports to China on the Korean Economy,” released by the Hyundai Research Institute on Aug. 24, estimates how much a
The Monetary Policy Committee (MPC) of the Bank of Korea (BOK) has decided to maintain the benchmark interest rate at 3.50 percent annually. This marks the fifth consecutive freeze following similar decisions in February, April, May, and July.The MPC held a monetary policy direction meeting on the m
Recent financial improvements have triggered wage increase demands from labor unions in the automotive and shipbuilding sectors. The labor union at HD Hyundai Heavy Industries (329180) rejected a proposal that included significant raises in both base pay and performance bonuses. Meanwhile, ongoing l
As the won-dollar exchange rate approaches its peak of the year, the stock prices of Hyundai Motor and Kia Motors, the leading beneficiaries of the weak won, are taking a step back. Despite posting their highest-ever quarterly earnings in the second quarter, the lingering effects of an economic slow
With Nvidia, a leading artificial intelligence (AI) semiconductor company, announcing surprising financial results, warmth is spreading among domestic semiconductor companies. This is due to the fact that Samsung Electronics and SK hynix hold a dominant position in the high bandwidth memory (HBM) ma
The Korean government has begun to improve its system to allow more skilled foreign workers to work longer at workplaces in Korea.On Aug. 24, the Ministry of Justice announced a plan to revolutionize work visa regulations in order to drive Korea’s economic growth at the 4th Regulation Innovation Str
Naver has unveiled HyperClova X, a new generative artificial intelligence (AI) platform. Naver will build an AI ecosystem and establish a model for mutual growth with Korean startups through the AI platform.At the DAN23 Conference held at the Grand InterContinental Seoul Parnas on Aug. 24, Choi Soo-
Samsung Electronics is partnering with global luxury brand Thom Browne again to market a limited edition of its foldable phone, the Galaxy Z5, against Apple’s iPhone 15 series.According to industry sources on Aug. 24, Samsung Electronics will release Thom Brown editions of the Galaxy Z Fold5 and the
“Every Mercedes-Benz vehicle in the world has a piece of Korea in it,” said Ola Källenius, chairman of the Board of Management at Mercedes-Benz Group in an all-electric showcase meeting with local media at Shilla Hotel in Seoul on Aug. 24. “Korea is a very important market. I believe our cooperation
Koo Kwang-mo, the CEO of LG Group, has embarked on reviewing the progresses and strategies for cultivating future growth areas like biotechnology and artificial intelligence (AI).From Aug. 21 (local time) and over the course of four days, Koo visited Boston, the U.S., and Toronto, Canada, to assess
SK innovation announced on Aug. 24 that it has decided to increase the capital in BlueOval SK, a joint venture with Ford in the U.S.The capital increase amounts to 9.823 trillion won and will be used for facility funds for BlueOval SK in the U.S.SK innovation stated, “We have decided on the capital
POSCO E&C announced on Aug. 24 that it signed an agreement with Equinor, a leading global company in the offshore wind power sector, on Aug. 23 to drive the “Ulsan Bandibuli (firefly)” project, the world’s largest floating offshore wind power venture.Through this agreement, POSCO E&C plans to establ
The Korea Trade Insurance Corporation (K-SURE) announced on Aug. 24 that it will provide financial support of US$110 million (approximately 150 billion won) for the construction of a wind tower factory in Vietnam, an initiative led by wind power equipment manufacturer CS Wind.The project entails the
LOTTE Energy Materials announced on Aug. 24 that the company signed a business agreement with the city of Mont-roig del Camp and the Catalonia Trade & Investment Agency (ACCIO) of Catalonia, Spain, to successfully establish a high-end copper foil production base in the European smart factory.The agr
POSCO International has successfully exported a swine pneumonia vaccine to NAVETCO, Vietnam’s largest animal vaccine company. The exported product, named “InnoMHP,” was developed by the Korean startup INNOVAC and is enough to be administered to approximately 100,000 pigs.INNOVAC, established in 2016
K-water has been selected as the implementer for the “Ukraine Uman Smart City Master Plan Establishment Project,” a K-City Network project overseen by the Ministry of Land, Infrastructure, and Transport and the Korea Overseas Infrastructure & Urban Development Corporation, on Aug. 23. This initiativ
LG Display, the world’s leading innovator of display technologies, announced today that it is to solidify its partnership with Mercedes-Benz and enhance the two companies’ cooperation on premium automotive displays.Brian Bong-seok Kwon, COO and Vice Chairman of LG Corp., James Ho-young Jeong, CEO an