The global semiconductor market increased of 7.6 per cent in Q3 from the previous quarter to USD 153.2 billion (about 180.406 trillion won) market research firm Omdia said in its recent report. Samsung Electronics overtook Intel and topped with USD 20.958 billion (about 24.6361 trillion won) in sales. Omdia said that third-quarter sales were led by seasonal demand, strong sales of memory products such as DRAM and NAND flash. Chip shortages pushed sales though the growth rate was slightly less … Continue reading “Samsung Top Chipmaker as Semiconductor Market Tops USD150 Billion”
South Korean eCommerce company Coupang reported its first earnings report since it’s IPO Wednesday. CPNG reported mixed results with higher revenue but on a much wider loss than expected. Total Active Customers continued to grow., up 21 percent year over year to 16 million.
South Korea reported exports are surging again in the first 20 days of April. The Bank of Korea at it’s most recent policy meeting said the recovery of the Korean economy has strengthened somewhat. Exports have sustained their buoyancy and facilities investment has continued to recover robustly.
South Korea’s Monetary Policy Board of the Bank of Korea decided today to leave the Base Rate unchanged at 0.50% for the intermeeting period as expected. GDP growth this year is projected to be above the February forecast of 3.0%.
South Korea reported February industrial output at its fastest pace since June last year. Industrial output seasonally adjusted +4.3% mth/mth over the expected Reuters poll -0.1% over January. Industrial output +0.9% yr/yr versus the Reuters poll +2.5%.
South Korea continues to be hit by the Chinese US trade war with it’s 9th consecutive monthly drop in it’s exports. In August it’s trade surplus plunged to USD 1.72 billion from USD 6.82 billion in the same month a year earlier.
Mining company Australian Mines will export 40kg of battery-grade nickel sulphate and 4kg of battery-grade cobalt sulphate to Korean partner SK Innovation. This is an Australian record for the export shipment of each ore putting Australia in pole position for electric vehicles..