Refiners are shifting their business focus from refining margins to biofuels. They are looking to grow their eco-friendly biofuel business, as the use of biofuels may rise in order to reduce carbon in line with a global low-carbon agenda.According to industry sources on Oct. 17, the European Union (
The author is an analyst for NH Investment & Securities. He can be reached at kyeongkeun.kang@nhqv.com -- Ed.Occupying the top spot in the domestic CO2 product market, Taekyung Chem stands to benefit from deteriorating CO2 product supply. As the firm is expected to enjoy robust earnings growth follo
The author is an analyst for NH Investment & Securities. He can be reached at kyeongkeun.kang@nhqv.com -- Ed.Taekyung Chem occupies top spot in the domestic CO2 product market. With the arrival of a big cycle for the shipbuilding industry, there is growing demand for liquid carbonic acid for use in
Aekyung Industrial and SK Chemicals have been slapped with a combined fine of 110 million won for falsely advertising that their humidifier disinfectants containing toxic substances were safe and harmless.SK Chemicals and Aekyung Industrial developed humidifier sterilizers containing CMIT/MIT ingred
Aekyung Group announced on Sept. 6 that it will launch Aekyung Chemical in November after merging three chemical affiliates -- Aekyung Petrochemical, AK Chemtech, and Aekyung Chemical.Aekyung Chemical (tentative name) will be created as a chemical company with annual sales of about 1.7 trillion won
The authors are analysts of Shinhan Investment Corp. They can be reached at jwsung79@shinhan.com and hanny.lee@shinhan.com, respectively. -- Ed. Top picks: LG Household & Health Care, Amorepacific, Cosmax1) LG H&H: 1Q21F consolidated OP of KRW362.1bn (+8.5% YoY)LG Household & Health Care is expected
Aekyung Industrial announced on April 6 that its makeup brand Luna is now available on the world's largest e-commerce mall Amazon.Its products selling on Amazon include makeup lines such as Luna Long-Lasting Tip Concealer BIG, Luna Proof Extreme Slim Liner and Luna Matte Tint Leather. Luna is Ae
Aekyung Industrial, a life and beauty care company, announced on Jan. 26 that it signed a memorandum of understanding (MOU) with Proya Cosmetics, a Chinese cosmetics company, on Jan. 25.The pact will allow Aekyung to expand sales of its flagship cosmetics brand AGE 20's in China through offline
Aekyung Industrial, a life and beauty product company, has opened AEKYUNG KeraSys flagship stores on China's largest e-commerce platform Tmall.Tmall is an online shopping mall run by China's Alibaba Group.Aekyung KeraSys will open flagship stores at both T-Mall International and Domestic Sho
The authors are analysts of Shinhan Investment Corp. They can be reached at jwsung79@shinhan.com and hanny.lee@shinhan.com, respectively. -- Ed. Initiate coverage with BUY for a target price of KRW34,000We initiate our coverage of Aekyung Industrial with a BUY rating. Our target price of KRW34,000 i
Aekyung Group signed a contract with Incheon Free Economic Zone Authority (IFEZA) on Jan. 21 to build an R&D center on a site in the High-Tech Industrial Cluster of the Songdo International City. The group purchased 28,722 square meters of land for 34.5 billion won.The R&D center is planned to have
The sale of Asiana Airlines is expected to be a competition between the Aekyung and HDC Hyundai Development Company consortiums as the KCGI-BankerStreet PE consortium failed to find a strategic investor. Aekyung’s consortium partners are Stonebridge Capital and Korea Investment & Securities while HD
Aekyung Group and Stonebridge Capital have formed a consortium to take over Asiana Airlines by being selected as the preferred bidder in the tender scheduled for Nov. 7.They announced on Oct. 21 that they would participate in the tender as a strategic investor and a financial investor, respectively.
Industry tracker CEO Score recently analyzed the 51 South Korean business groups led by chairpersons and constituting the 59 large business groups designated by the Korea Fair Trade Commission and said on Oct. 16 that the total equity value of the chairpersons of the 51 groups and their families was
The tender for the sale of Asiana Airlines is about three weeks away. However, it is still unclear who will be chosen as the preferred bidder. Some watchers say that the airline may not be sold within this year.At present, qualified candidates such as Aekyung Group, the HDC Hyundai Development Compa
The sale process has begun for South Korea's second-largest full-service carrier Asiana Airlines Inc.Kumho Industrial and sales adviser Credit Suisse Securities issued a public notice on July 25 to sell 68,688,063 controlling shares of Asiana Airlines, equivalent to a 31.0 percent stake, held by
Aekyung Group, a Korean cosmetics-to-health care conglomerate that owns low-cost carrier Jeju Air Co., is entering a bidding battle for Asiana Airlines Inc.Recently, the group has disclosed its intention to take over the financially troubled full-service carrier, while major business groups, such as
The Fair Trade Commission has announced the list of large business groups that are subject to the disclosure regulations under the Monopoly Regulation and Fair Trade Act. The list included 59 business groups with assets exceeding 5 trillion won (US$4.2 billion). These groups have a total of 2,103 af
With Kumho Asiana Group's sale of Asiana Airlines confirmed, attention is focusing on who will be the new owner of the country's second-largest carrier.The group announced on April 15 that it has decided to sell Asiana Airlines for the future of the company and its 10,000 executives and empl
Kumho Asiana Group has decided to sell off Asiana Airlines.The group said on April 15 that the board of Kumho Engineering and Construction Co. has decided to sell off its stake in Asiana Airlines.Kumho Engineering and Construction is a major shareholder of Asiana Airlines with a 33.47 percent stake.