An analysis has emerged suggesting that the Morgan Stanley Capital International (MSCI) Korea Index is poised to experience a 20 percent increase in the coming year.On Nov. 26, Bloomberg Intelligence (BI), a research institution under Bloomberg, projected a 58 percent increase in the total earnings
The author is an analyst for NH Investment & Securities. He can be reached at yk.choi@nhqv.com -- Ed.Adhering to Hyosung TNC as our petrochemical industry top pick, we raise our TP by 18% to W520,000. With the price of spandex remaining strong despite raw material price decrease, the spandex spread
Starting next year, foreign residents in South Korea seeking eligibility for health insurance as dependent beneficiaries must have a minimum of 6 months of residency.According to the Ministry of Health and Welfare and the National Health Insurance Service on Oct. 26, an amendment to the Health Insur
Foreign investors posted a net outflow of more than US$1.4 billion in Korean securities in September. September marked the second consecutive month of a net outflow.Foreigners posted US$1.43 billion in a net outflow from the Korean stock market in September, according to a report titled “Financial M
Last month foreign investors experienced a net outflow of US$1.7 billion (2.26 trillion won) from their investments in domestic stocks and bonds, marking the first time in 7 months since January that such a substantial withdrawal has occurred. Both stocks and bonds saw capital leaving the market dur
Hanwha Ocean has emblazoned the Hanwha logo on the world’s largest Goliath crane. This marks the conclusion of the three-month-long corporate identity (CI) integration work at Hanwha Ocean’s Geoje business site, the Seoul Namdaemun office, and the Siheung R&D campus.The Geoje business site of Hanwha
During the middle of July, South Korea witnessed a consecutive two-month rise in its foreign exchange reserves, reflecting an increase of US$350 million. This surge can be attributed to the upward valuation of foreign currency assets against the backdrop of a weakened U.S. dollar, particularly again
The author is an analyst for Shinhan Securities. He can be reached at sokang@shinhan.com -- Ed.Fears over possible reinstatement of China’s ban on Korean contentIn December 2022, Chinese regulators resumed granting license approvals for games developed by Korean companies, which was followed by addi
The author is an analyst for Shinhan Securities. He can be reached at wonyong.sim@shinhan.com -- Ed.1Q23 review: Brisk earnings across the boardJeio posted sales of KRW22.6bn (+16% QoQ) and operating profit of KRW3.3bn (+198% QoQ) for 1Q23. Plant engineering and secondary battery materials both deli
Interpark announced on Jan. 18 that the number of South Korean travelers who visited Japan by purchasing flight tickets it sells increased 37,943 percent year on year in the period of Oct. 11 last year to Jan. 11 this year.According to the company, the number increased 384 percent and 68 percent com
The Bank of Korea announced on Jan. 12 that foreign investors in the South Korean bond market showed a net decrease in investment of US$2.73 billion in December 2022, the first net outflow in three months.In 2022 as a whole, the net increase in investment in the market was US$11.72 billion. It fell
Shinhan Bank has successfully issued 360 billion won worth of kangaroo bonds (bonds denominated in Australian dollars).The bank announced on Nov. 9 that it has issued kangaroo bonds worth AUD400 million, which is AUD100 million more than the original target. Shinhan Bank increased the issuance volum
The author is an analyst of KB Securities. She can be reached at hyejung.jung@kbfg.com. -- Ed. 3Q22P OP at KRW373.0bn (-54.9% YoY) — Hyundai Steel reported 3Q22P revenue of KRW7.0tn (+19.4% YoY, -5.2% QoQ), OP of KRW373.0bn (-54.9% YoY, -54.6% QoQ), and NP (attributable to controlling interests) of
The author is an analyst of NH Investment & Securities. He can be reached at kyuha.lee@nhqv.com. -- Ed. Chinese smartphone shipments plummeted in July. Local Chinese players are making inventory adjustments in the wake of disappointing 618 Festival (June shopping season) sales. The reduced shipments
Shinhan Bank announced on Sept. 14 that it has borrowed USS400 million in sustainability-linked foreign currency club loans for the first time in Korea to expand ESG management and secure foreign currency funds.Sustainability linked loans involve setting "sustainability performance targets" for the
The author is an analyst of NH Investment & Securities. He can be reached at minwoo.ju@nhqv.com. -- Ed. Short-term share supply-demand burden is likely as the firm’s remaining lock-up period is due to come to an end. However, we recommend using any share price decline as a buying opportunity, believ
The author is an analyst of NH Investment & Securities. He can be reached at minwoo.ju@nhqv.com. -- Ed. Contrary to market expectations, we believe that earnings growth will continue at LGES in 2Q22. With previous earnings uncertainties and a short-term overhang risk issue having been digested, furt
The authors are analysts of Shinhan Investment Corp. They can be reached at kimaram@shinhan.com & mj1224@shinhan.com, respectively. -- Ed. Leading the market for job matching platformsWanted Lab started off in 2015 as a human resources (HR) solution provider and currently operates the job matching p
The author is an analyst of KB Securities. She can be reached at hyejung.jung@kbfg.com. -- Ed 2Q21P OP at KRW2.2tn, 10.5% above consensus — POSCO reported preliminary consolidated 2Q21 revenue of KRW18.3tn (+33.3% YoY, +13.8% QoQ), OP of KRW2.2tn (+1,211.8% YoY, +41.7% QoQ), and NP (attributable to
The author is an analyst of KB Securities. He can be reached at newday@kbfg.com. -- Ed. Lower 12m TP to KRW335,000; Maintain BUY We lower our 12m TP for SK holdings by 6.9% from KRW360,000 to KRW335,000 (12m fwd BVPS x 1.22x target P/B) to reflect: (1) earnings forecast revisions; (2) a change in 12