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Featured Insights

Korea signals,
read at source.

Selected market briefs from Nathan Research Group's Seoul desk, built from local filings, primary-source interviews, and operator context.

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Data Center Infrastructure

Data Center Infrastructure

In AI power, capacity is booked before it is bought.

Data centers are on course to nearly double electricity use from 2025 to 2030. The equipment and grid connections behind them run on different clocks. Public reservation terms show what paying for a factory slot can secure, what remains open, and why shorter equipment queues need not deliver usable power sooner.

Power & Cooling Equipment · November 2, 2026

Fuel Cells & On-site Power

Fuel Cells & On-site Power

Fuel cells can buy AI data centers time, if the site is ready.

On-site fuel cells can bring power forward, but equipment delivery is only one part of a working plant. Gas service, permits, electrical works and dependable operation decide when a data center can use that power. US industry forecasts show growing interest; Korea has auction and direct-trading routes with different conditions. The useful comparison is the cost and date of equally dependable power at a specific site.

Solid Oxide Fuel Cells · November 2, 2026

Food & Beverage Retail

Food & Beverage Retail

In Korea's food halls, rent is a price for traffic.

October 2026 brought Korea's first direct-contract rest-area tender, a 33.2% tenant-fee disclosure and fresh September retail data. Public hosts are changing who sets the terms; private hosts still bargain over traffic. This study follows the current evidence, the contract beneath the rate and the operating results still to come.

Korean Department Stores · November 2, 2026

Automotive Software

Automotive Software

Vehicle software: who can approve the next change?

Owning more software can change who controls a release. It does not remove internal review, tool differences or integration work. NRG examines decision rights, requirements traceability and the limits of the public evidence on development speed.

Software-Defined Vehicles · November 2, 2026

Specialty Displays

Specialty Displays

TOVIS took its phone-module lines into the car.

In 2020 TOVIS, a Korean casino-display maker whose larger business made phone modules, mainly for LG Electronics, committed ₩34.0bn to a dedicated automotive display line in Dalian, China. By FY2025 automotive displays brought in ₩350.7bn, 54.7% of revenue as reported. On 1 July 2026 that business became a separate company, Neovue, and TOVIS went back to being a casino-display maker. No valuation and no price target.

TOVIS · October 1, 2026

Biometric Access Control

Biometric Access Control

Suprema chose to sell the whole door.

Suprema, a Korean fingerprint-algorithm company, chose to earn its living from the complete access-control system built around its matcher. Two board resolutions set that course: a July 2015 split that gave the listed company the biometric systems and solutions businesses, and a December 2024 resolution to absorb an AI software subsidiary. In FY2025 integrated security systems made up 78.5% of revenue of ₩137.3bn, though the filings still do not show what the software platform earns on its own. No valuation and no price target.

Suprema · October 1, 2026

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