News about BYD’s entry into South Korea has drawn attention to changes in the share of the South Korean electric vehicle market dominated by Hyundai Motor. BYD is a Chinese electric vehicle maker. Experts predict that BYD’s price competitiveness will play a big role in determining its success in the
SK E&S is set to bolster its collaboration with Australia in the development of liquefied natural gas (LNG) resources and the application of carbon capture and storage (CCS) technology for the production of blue hydrogen.On Feb. 2, a meeting was held at the SK Seorin Building in the Jongno district
A South Korean company’s overseas gas field project, which had been suspended for nearly a year due to local opposition, has dramatically resumed thanks to intergovernmental cooperation.The Australian Maritime Safety Authority approved an environmental license for SK E&S to drill an offshore gas fie
Fundraising in the venture capital (VC) industry has completely frozen due to continued high interest rates. The number of large venture funds valued at more than 100 billion won, a barometer of a booming VC market, has fallen to just five in the first three quarters of this year. The figure was 17
Korea Hydraulic announced that it has developed Korea’s first hydraulic clamp cylinder and is playing a major role in promoting the automation of volume production lines for uses such as automobile fueling.What is more, the company has laid the foundation for its growth as a supplier of energy-relat
The author is an analyst for NH Investment & Securities. He can be reached at jooyh@nhqv.com -- Ed.We raise our TP on CJCJ to W430,000. Believing that the company has passed the bottom in terms of earnings, we see now as being a dip-buying opportunity from a turnaround perspective. A strengthening i
Korean companies are shifting their major patent application destinations from China to the United States, Europe, and Japan, regarded as “allied countries.” This move appears to be a response to the business uncertainties resulting from the U.S.-China hegemony dispute, a reopening effect that has f
The Export-Import Bank of Korea (Korea Eximbank) is extending financing for SK E&S’s Barossa Gas Field in Australia. The move will ease financial burdens on SK E&S, which has seen some of its licenses suspended due to conflicts with Aboriginal Australians.Korea Eximbank decided on May 31 to extend U
CJ CheilJedang announced on May 21 that it will extend the Schwan's pizza factory in Salina, Kansas, by approximately 40,000 square meters.With this extension, the Schwan's Salina pizza factory has become the largest frozen pizza production facility globally, with a total area of 90,000 squa
A truly postbiotic product containing only postbiotics, which consumers have been eagerly awaiting in their interest in a healthy life, is about to be released in pharmacies.Based on a SCI-level paper by bereum Co., Ltd., formerly known as BeRM, a pharmacist academic symposium was held at Baropharm
The Korea Trade Insurance Corp. (K-SURE) recently decided to extend its guaranty regarding the Barossa gas field development project of Santos and SK E&S. The guaranty until Jan. 26 started in December 2021. At that time, five financial institutions approved a financing of about 440 billion won base
The author is an analyst of NH Securities and Investment. He can be reached at yk.choi@nhqv.com. -- Ed. We expect S-Oil’s 4Q22 earnings to prove disappointing on unfavorable turns in both the oil price and dollar/won rate. That said, we note that refining margins (a key barometer of industry conditi
The author is an analyst of KB Securities. She can be reached at shinay.park@kbfg.com. -- Ed. Maintain HOLD, target price of KRW750,000 We maintain HOLD and TP of KRW750,000 (17.0x 12m fwd P/E) on LG H&H. We revise down 2022E/2023E/2024E OP by 5%/2%/2%. We continue to recommend a conservative approa
The Export-Import Bank of Korea (Korea Eximbank) has finally decided to provide a loan of US$330 million to an SK E&S consortium promoting a gas field project in Australia.The bank made the loan decision at a credit review committee on May 31.SK E&S is participating in a gas field development projec
The Export-Import Bank of Korea (Korea Eximbank) has put on hold its decision to provide financial support for the Australian Barossa-Caldita gas field project promoted by SK E&S. The gas field is embroidered in controversy, as environmental groups at home and abroad assert that the project will gen
The authors are economists of Shinhan Investment Corp. They can be reached at chee@shinhan.com. – Ed.2022 outlook for US monetary policy: 1) Lower inflation in 1H vs. higher 2HOne of the key issues in the financial markets lately has been an early tightening of monetary policy in the US. We looked i
The Barossa-Caldita gas field project of SK E&S is causing controversy. Millions of tons of carbon dioxide a year is likely to be emitted from the gas field in Australia in 2025 and later, SK E&S is planning to deal with it by carbon capture and storage (CCS), and the technique is being doubted by m
SK E&S has unveiled its new vision to increase its corporate value to 35 trillion won, five times its current value, by 2025 and become the world's top hydrogen company.SK E&S president Choo Hyung-wook held his first online press conference since taking office at Four Seasons Hotel in Seoul on S
Soaring shipping rates are wreaking havoc on Korean exporters. Amid a worsening logistics crisis that began in the middle of 2020, the gap between one-year long-term freight rates and spot prices has widened to eight-fold.The Shanghai Container Freight Index (SCFI), a barometer of logistics costs, a
The author is an analyst of NH Investment & Securities. He can be reached at sw.kang@nhqv.com. -- Ed. In a recent speech, Jerome Powell noted that: 1) employment is more important than inflation; and 2) vaccinations do not mean central bank tapering. Long-term TB yields will likely overshoot as effo