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What Makes Korea-Based Carmakers Divided Into Winners Or Losers?

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What Makes Korea-Based Carmakers Divided Into Winners Or Losers? FOCUS INDUSTRY MANAGEMENT COLLABORATION FOR ‘APPLE CAR’ GM KOREA TO CUT VEHICLE OUTPUT FOR BRIBING THE OUSTED PRESIDENT Hyundai Motor Group and Apple May CHIP SHORTage FORCES GM KOREA TO HALT Samsung Vice Chairman Lee Sent Collaborate in Self-Driving EVs PRODUCTION LINES Back to Prison FABRUARY 2021 / VOL.38 NO.399 www.businesskorea.co.kr What Makes Korea-based Carmakers Divided into Winners or Losers? 12,000 won 02 ISSN 1016-5304 Contents 2020 / Vol.38 No.399 Export Items 43 South Korean Enterprises Exposed to 24 Foreign Direct Investment in Korea Even More Attacks from NPEs Slides 11% in 2020 44 Ericsson Takes Samsung Electronics to 25 South Korean Exporters Increasingly Court over Patent Infringement Relying on Chinese Market Google, Microsoft and Samsung Most 26 South Korea’s Trade Deficit with Japan Frequently Involved in U.S. Patent Increases in 2020 Litigation Last Year 27 South Korea Accelerating Pursuit of 45 South Korea's ICT Exports Increase Technological Independence from 3.8% in 2020 Japan South Korea’s OLED Exports Continuing to Increase Substantially COVER STORY 46 Samsung Electronics Expected to Invest 35 Tril. Won in Semiconductor 28 What Made Korea-based Carmakers Facilities in 2021 Divided into Winners or Losers? Samsung Electronics in Dilemma over Investment in U.S. Chip Plant MONEY 47 Netflix Still Using Networks for Free Six Big Content Providers Subject to 34 Top Business Groups Active in M&A ‘Netflix Act’ Deals 48 Intel and TSMC Predicted to Big M&A Deals Anticipated in 2021 Collaborate for GPU Production FOCUS 35 KB Kookmin Bank Facing Lawsuit in Samsung Expected to Release Indonesia Next-generation Exynos AP This Year 08 Hyundai Motor Group and Apple May IBK Facing US$5.5 Bil. Lawsuit in the Collaborate in Self-Driving EVs United States Regarding Iranian Assets 36 Korea Discount Disappearing NATIONAL KOSPI Tops 3,000 Points for the First Time in History 10 Incheon Metropolitan City, Gateway to 37 Foreign Stock Settlement Hits All-time the World High Last Year 12 Incheon City in Pursuit of Eco-friendly IT Players Account for 63.3% of Top 30 Transformation Companies’ Market Capitalization in 14 Incheon’s Open Port Street Chosen for Korea Korean Tourism Star Award 38 Short Selling Resumption Causing 16 South Korea Planning to Join CPTPP Controversy South Korea-U.K. FTA About to Take Short Selling Ban Likely to be 12 Effect Extended by Three Months 17 South Korean Vessel Seized by Iran 39 Top Conglomerates’ Market Value Spending of Frozen Iranian Funds Increasing Rapidly Conditionally Approved by U.S. Samsung Electronics Leading South Government Korean Economy Alone 18 United States and European Union 40 Korean Investors’ Foreign Stock Building Carbon Trade Barriers Trading Totals US$198.32 Bil. in 2020 19 South Korea’s FTA Territory Continuing Domestic Securities Firms’ Overseas to Widen Alternative Investment Totals 48 Tril. South Korea to Expand EDCF Won 20 South Korea to Build Water Supply 41 Financial Authorities Tell Insurers to 42 Networks in Indonesia Reduce Dividend Payments South Korea Expected to Build Government to Strengthen Hydroelectric Power Plants in Pakistan Monitoring of Insurers’ Foreign Bond 21 Korea Trade Insurance Corp. to Provide Investment Project Insurance to Saudi Arabia 22 South Korean Economy Expected to ICT Grow 3.4% This S&P Estimates Korea's 2021 Growth 42 South Korea Ranks 14th in AI Research Rate at 3.6% Competitiveness 23 South Korea Improves Real GDP South Korea Still Dependent on Ranking Last Year Industrial Materials and Components South Korea Losing Competitive from Japan 68 04 49 Samsung Electronics behind Intel and Tesla Expected to Lower Car Prices in Offshore Wind Power Business TSMC in Terms of Operating Profit Korea 66 Oil Refining and Petrochemical South Korea’s Semiconductor Capex 57 No Future Car Production Allocated to Companies Expanding NCCs Expected to Hit All-time High in 2021 GM Korea and Renault Samsung 67 LNG Prices More than Quadruple in 50 LG Electronics in Talks with Vingroup 58 Electric Vehicle Exports from South One Year of Vietnam to Sell off Its Smartphone Korea Increasing Rapidly Korean Builders Enjoy 50% Increase in Business Korea’s Presence in Automotive Overseas Construction Order Intake in LG's Rollable Phone May Not Be Able Semiconductor Market Hardly 2020 to See the Light of Day Noticeable 51 LG Display Says OLED TVs Superior to 59 Eco-friendly Cars Take Up 12% of IR & MANAGEMENT Mini-LED TVs Domestic Car Sales in 2020 Mini-LED TVs Expected to Emerge as 60 KDB to Inject New Funds into 68 Samsung Vice Chairman Lee Sent Back Focus of Competition among Global SsangYong on Condition Mahindra to Prison TV Giants in 2021 Hold Its Stake 69 Samsung Electronics Poised to Make Hyundai and Kia Dominate Indian SUV M&A Deals in Earnest INDUSTRY Market in 2020 70 LG Electronics Moving to Withdraw 61 Prices of Domestic Cars Rising Faster from Mobile Phone Business 52 Carbon Emission-related Cost Burden than Those of Imported Vehicles 71 LG Electronics’ Automotive Electronics Weighing on Korean Companies Japanese Cars Losing South Korean Business Shifting into High Gear Major Korean Enterprises Joining Market LG Electronics to Strengthen Hydrogen Industry 62 3 Korean Battery Makers Gaining Automotive Electronics Business to 53 Korean Tire Makers Concerned about Growth Momentum Drive Future Growth U.S. Anti-dumping Tariffs South Korean Battery Manufacturers 72 Hyosung Makes Investment in Use of Disposable Plastic Products Doing Well Globally Expanding Spandex Plants in Turkey, Banned in Chinese Cities 63 U.S. PTAB Spurns SK Innovation's Brazil 54 Chip Shortage Forces GM Korea to Challenge to the Validity of LG Energy Hyosung Advanced Materials Makes Halt Production Lines Solutions' Patents This Year’s Climate Change ‘A List’ 55 15th Fire of Kona Electric Spells 64 Trading of Fuel Cell-based Electric 73 Hanwha Group Concentrating on New Trouble for Hyundai Motor, LG Energy Power Increases Substantially Businesses Solution Rechargeable Battery Exports 74 Lotte Group Facing Crisis Kia Motors to Recall Electric Vehicles in Expected to Exceed US$7 Bil. This Year 75 SK Group to Invest US$1.5 Bil. in U.S. China Following Hyundai Motor 65 Korean Shipbuilders Account for 43% Hydrogen Company Plug Power 56 Expensive Electric Vehicles No Longer of Global Orders in 2020 SK Hynix Secures US$3 Bil. Loans from Eligible for Government Subsidy Korean Shipbuilders Jumping into Korean Banks VENTURE 76 Over 610 Startups Post 100 Bil. Won or Looking for More in Sales in 2019 a house, apartment or office? SMEs’ Exports Show Little Decline Last Real Estate & Relocation Co, LTD. Year We look forward to helping you to find your next dream property anywhere in Seoul. SCIENCE & 1. Residential or Commercial Property Searching 3. After Service TECHNOLOGY - Ability to explore and reserve a variety of properties - Moving arrangements and furniture set-up - Recommendations of suitable properties - Interior decoration and design 77 ETRI to Showcase Innovative - Enrollment in fire, theft and other types of insurance Technologies at CES 2021 2. Contract 4. Support Nanocomposite Developed for - Careful review of all related documents - Registration of residence at the local district office, etc Irradiation-based Dementia Treatment - Negotiation of drafting terms and other conditions - School enrollment for children, etc - Closing lease agreement in contract - Assistance for opening a bank account, etc LIFESTYLE 78 New K-pop Idols Attracting Much Attention 79 Disputes over Origin of Kimchi Still Ongoing Head Office 02) www.rentcorea.com email. [email protected] 730-0001 Those in Their 30s Buy One Out of Corporate Headquarters : RentCorea B/D 1F~2F, #36-1, Seongbuk-dong, Seongbuk-ku, Seoul, Korea. Every Three Imported Cars Sold in Registration No.209-06-83139. Permit No.9230000-1709. The President/Realtor. Kiwan, Sung. Korea in 2020 05 Korea’s Most Influential Business Monthly Since 1983 TO OUR READERS S. Korea Needs To Be in Step Publisher: Park Jung-hwan Chief-in-Editor: Yu Kun-ha with Global De-Sinicization Based General Editor: Lee Kwang-soo Supplementary Editor: Lee Song-hoon Managing Editor: Huh Sung-Soo Culture/Tourism Editor: Choi Mun-hee on S. Korea-U.S. Alliance Reporter: Cho Jin-young, Marie Kim, Jung Suk-yee, Jung Min-hee, Michael Hurh, Sara Rai Contributing Writers: Seok Joon, Suh Bo-yun, Gho Chang-soo Designer: Jang Seung-eun With China-led global value chains col- International Liaison: Sara Rai lapsing in the wake of COVID-19, the global Advertising Manager: Jung eui-jung Administration Manager: Jung Min-hee enterprises’ rush out of China is predicted to Circulation Manager: Lim Moon-joo accelerate under the Joe Biden administra- PUBLISHED BY : BusinessKorea Co., Ltd. : 301 Samdo Building, 12-1 Yeoido-dong, Yeongdeungpo-gu, Seoul, Korea 150-010 tion. Google, Microsoft, Foxconn and so on Mailing Add.: 301 Samdo Building, 12-1 Yeoido-dong, Yeongdeungpo-gu, Seoul, Korea 150-010 already initiated the relocation Tel: (02)578-3220 Fax: (02)578-3224 Government Registration Number: RA-2743 Dated March 18, 1983. The new U.S. president mentioned the Printed by Hwashin Printing Tel: (02)2277-0624 restoration of alliances and unity before any- thing else. He is planning to dump the former Overseas Representatives Australia president’s America First policy, which led to McLean Media Representations Pty., Ltd. P.O.Box 544, Newtown NSW 2042, Australia international isolation, and counter China’s Tel: (612) 519-6455, Fax: (612) 577-1614 Belgium economic, military and diplomatic hegemonism. Staf Wuyts, AD International Bld. Lambermont 140 B-1030 Brussels, Belgium For this, the Joe Biden administration will share its hard-line stance Tel: (02) 216-0730, Fax: (02) 216-4632 Canada against China and North Korea with its allies, implying some friction with Globe Media International 444 Front Street West, Toronto, Ontario, Canada M5V 2S9 South Korea which is favorable to both.
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