The relationship between South Korea and Russia is reaching a desperate situation while the two countries celebrate the 34th anniversary of diplomatic relations this year.Earlier this year, an unusual incident occurred when a South Korean missionary, who was engaged in aid and missionary activities
A medical waste treatment system, which is capable of 99.9999 percent sterilization by using high-temperature and high-pressure steam, has been developed for the first time in the country.The Korea Institute of Machinery and Materials (President Seog-Hyeon Ryu, hereinafter referred to as KIMM), an i
Starting from the second half of this year, South Korean companies will have the option to settle export and import payments in Korean won when engaging in trade transactions with certain countries from the Association of Southeast Asian Nations (ASEAN). This move is expected to allow businesses to
In the future, cryptocurrency issuing companies will no longer be able to arbitrarily recognize profits or assets.The Securities and Futures Commission (SFC) under the Financial Services Commission (FSC) announced on Dec. 21 that it had passed the “Supervisory Guidelines for Accounting Treatment of
The number of single-person households living alone in homes across the nation has reached a record high of 7,502,000, accounting for 34.5 percent of all households. This percentage surpasses that of two-person households, three-person households, and households with four or more members, making sin
Hanwha Aerospace has announced a groundbreaking 175.9 billion won (US$143.4 million) contract with the U.K.’s BAE Systems for the supply of modular charge systems (MCS) for 155 mm artillery shells used by NATO member countries. The contract was revealed on Nov. 23.The MCS, a cylindrical modular prop
Kolmar BNH, a leading Korean health functional food ODM company, is setting its sights on the global market based on world-class manufacturing and quality technology. Notably, HemoHIM, an immune function-improving health functional food developed and manufactured by Kolmar BNH, is elevating the stat
Samsung SDI and Hyundai Motor Group have entered into an agreement for the supply of electric vehicle batteries for the first time. Following their collaboration in automotive electrical and electronics parts, including semiconductors, this expansion into the battery sector marks the broadening of t
Hyundai Motor and Kia Motors have successfully settled their wage and collective bargaining agreements (CBA) without labor disputes for the second consecutive year, but the aftermath poses significant challenges. The labor unions of Hyundai and Kia have managed to secure the highest-ever wage increa
The Korea Communications Commission (KCC) announced that it has initiated a fact-finding investigation to confirm the violation of the Telecommunications Business Act by Naver’s news service starting from Sept. 25.Since July 5, the KCC has been conducting a factual investigation to determine whether
As AIA Life Insurance prepares for the launch of its sales company in September, the company has started offering a remarkable incentive to competitors’ agents: up to 200 percent of their previous year’s salary. This represents a substantial increase of 18 to 190 percentage points above the industry
After their head-to-head competition in a next-generation naval escort ship contract, HD Hyundai Heavy Industries (HHI) and Hanwha Ocean are shifting their focus. There’s keen interest about whether they will work together to win tens of trillions of won of submarine procurement projects.According t
Amid a spate of recent attempts to leak major industrial technologies such as semiconductor and display technologies overseas, the Korean government has proposed a bill to strengthen penalties for technology leakage. While some voiced that the sentencing guidelines of the law should be strengthened
A former senior executive of Samsung Electronics, referred to as Mr. A, has been arrested and will stand trial for his attempt to copy Samsung Electronics' semiconductor plant in its entirety in China.The Defense Industry and Industrial Technology Crime Investigation Division of the Suwon Distri
Recently, the secondary battery industry and the automotive industry have been competing for leadership in battery packs. While battery companies prefer turnkey supply from battery cells to modules and packs, the automotive industry has a position that it cannot lose out on the lead in manufacturing
The author is an analyst of KB Securities. He can be reached at cygun101@kbfg.com. -- Ed. Maintain HOLD, target price of KRW7,000 We maintain HOLD on MAS given the following:(1) Although 3Q22 valuation losses of ~KRW52.7bn in IB-related stocks were partially reversed, a recovery in trading & financi
The author is an analyst of KB Securities. He can be reached at jeff.kim@kbfg.com. -- Ed.Memory supply/demand to improve from June-July on actual production curtailment We maintain BUY and TP of KRW80,000 (1.5x 2023E P/B) on SEC. We believe the effects of actual production curtailment (resulting fro
The operating profit of the semiconductor division of Samsung Electronics dropped 96.95 percent year on year in the fourth quarter of 2022. Despite the worst performance in 13 years, Samsung Electronics said that there would be no artificial production cut and this year’s capex would be close to las
The author is an analyst of KB Securities. He can be reached at jeff.kim@kbfg.com. -- Ed.Client inventories to revert to prudent levels in 3Q23 We maintain BUY and TP of KRW80,000 on SEC. We continue to hold an optimistic outlook, as intentional output cuts by chipmakers since 4Q22 and indirect outp
The author is an analyst of KB Securities. He can be reached at jeff.kim@kbfg.com. -- Ed. Downstream chip inventory begins to fall in 1Q23 We maintain BUY and TP of KRW80,000 on SEC. We continue to have a positive outlook, as key clients’ chip inventories, which increased throughout 2022, have begun