Huawei Connect 2023 kicked off in Shanghai today, bringing together business leaders, tech experts, partners, developers, and industry stakeholders from around the world to explore new opportunities for an intelligent future.At the event, Sabrina Meng, Huawei's Deputy Chairwoman, Rotating Chairwoman
Mirae Asset Securities customers have reaped over 3.5 trillion won (US$2.61 billion) in capital gains from their overseas stock investments over the past three years. Excluding confirmed capital gains, the unrealized profits from the top 10 holdings of these customers also exceed 3 trillion won.Mira
It has been revealed that major defense companies in South Korea achieved one-third of their total revenue through exports in the first half of this year. Following export contracts with countries like Poland last year, actual product deliveries have commenced this year, contributing to the increase
Amid concerns of dampened consumer sentiment in the latter half of this year, imported car manufacturers are launching aggressive discount campaigns.According to industry sources on Aug. 23, the “Big Three” German car manufacturers – BMW, Mercedes-Benz, and Audi – initiated their discount promotions
Samsung Display has filed a patent infringement lawsuit in the U.S. against Chinese display manufacturer BOE. As technology infringement from China intensifies, spreading to appliances, smartphones, and now displays, Samsung Display has decided to take a firm stand.According to the industry on July
Huawei has shown up in full force for MWC Shanghai 2023, with their activities all falling under their theme of "GUIDE to the Intelligent World". This year, the company's activities include an experiential tour that takes audiences to multiple cities to learn about their technology and business,
The author is an analyst of KB Securities. He can be reached at seongjin.kang@kbfg.com. -- Ed.Downgrade from BUY to HOLD; Maintain TP of KRW28,000 We downgrade our rating for Korean Air from BUY to HOLD, but maintain our TP of KRW28,000. While shares have gained 5.0% over the past three months, narr
Mirae Asset Global Investments announced on April 4 that the assets under management (AUM) of its subsidiary in Canada, Horizons ETFs, has surpassed 20 trillion won.According to the company, the AUM of Horizons ETFs stood at US$18.14 billion or about 22.2 trillion won at the closing of the market on
The author is an analyst of NH Investment & Securities. He can be reached at jinmyung.choi@nhqv.com. -- Ed. Backed by an exponential rise in order backlog, utilization rates at Dongsung Finetec are set to reach 100%. Thanks to advancements in LNG storage technology, the amount of insulation material
The Korea Exchange announced on Aug. 30 that the South Korean ETF market recorded an average daily trading value of US$2.949 billion in the first half of this year, third largest in the world behind those of the U.S. and Chinese markets.“When it comes to the number of tradable ETFs, the South Korean
Samsung Electronics reported on April 29 financial results for the first quarter ended March 31, 2021.Total consolidated revenue was 65.39 trillion won, a 6% increase from the previous quarter and a record for the first quarter. Operating profit increased 4% from the previous three-month period to 9
Samsung Electronics' System LSI Business Division is planning to supply its smartphone application processor (AP) Exynos to Chinese smartphone makers Xiaomi, Oppo and Vivo in 2021.Samsung is reportedly planning to supply its APs for some budget smartphones of the Chinese makers in the first half
Mirae Asset Global Investments announced on Sept. 3 that the net assets of its ETFs in the nine countries including South Korea increased more than six trillion won this year alone. Specifically, the current figure is 51.5 trillion won and it is almost 10 times that of 2011, when the company’s ETFs
Hyundai Motor Group and Rhode Island School of Design (RISD) announced on June 23 a research collaboration to examine relationships among natural and built environments in order to propose new directions for the future of mobility.The study expands on the smart mobility vision announced by Hyundai M
Korea Exchange announced revised KOSPI listing rules on June 19. The new rules will be approved by the Financial Services Commission and become effective on July 27.According to the new rules, an exchange-traded note (ETN) with a disparity of 100 percent or more can be delisted from the end of next
The prices of leveraged oil ETNs plunged after trading resumption on April 27. Recently, the disparate ratios of those investment products soared to up to 1,000 percent due to speculation.That day, Samsung Leverage WTI Crude Oil Futures ETN and QV Leverage WTI ETN plunged 60 percent immediately afte
The Financial Supervisory Service issued warnings on crude oil futures ETNs and ETFs and Samsung Asset Management urgently changed its ETF management method in order to help investors avoid complete losses.On April 23, the company significantly reduced the ratio of the June portion and newly incorpo
Despite an unprecedented plunge in international oil prices, a growing number of individual investors are rushing to invest in crude oil products, turning the market into a hot place for speculators. Eventually, Korea Exchange warned investors of the high risk of leveraged crude oil investment produ
Korea Exchange announced on April 13 that foreign investors posted a net purchase of 233.8 billion won in the KODEX 200TR ETF last week and Monday this week. During the same period, they net-bought 110.1 billion won of KODEX MSCI Korea TR and 48.5 billion won of TIGER MSCI Korea TR.In addition, in t
While the hedge fund market is in disarray in the aftermath of the Lime Asset Management fiasco, the rankings of securities firms in prime brokerage services (PBSs) have changed.Prime brokerage refers to a bundle of services that investment banks and other major financial institutions offer to hedge