Partnerships to develop purpose-built vehicles (PBVs) to build an eco-friendly logistics system are growing between the automotive industry and logistics companies. This is due to rapidly increasing demand for electric trucks instead of diesel trucks in line with a global carbon neutrality initiativ
Lotte Wellfood (formerly known as Lotte Confectionery) announced on Jan. 23 that it has begun to expand its exports to Mexico and Canada by entering and selling Zero and Crispy Rolls to Costco in Mexico and Pepero to Costco in Canada.Costco is a global distribution channel that operates 872 stores w
In 2023, the volume of kimchi exports turned to growth, reaching a new record high. The global K-content craze had an impact on the increase in kimchi exports, experts say.According to the Korea Customs Service on Jan. 21, South Korea exported 44,041 tons of kimchi in 2023, up 7.1% from 41,118 tons
This year marks the first time that the number of countries importing Korean kimchi has surpassed 90. The global popularity of Korean kimchi, often attributed to the Hallyu wave and health trends such as vegetarianism, is leading the way in showcasing K-food on the international stage.According to t
South Korean conglomerates, including Samsung and LG, are set to unveil new home appliances, mobile technologies, and mobility (automotive) solutions at CES 2024, the world’s largest electronics trade show held in the United States, embarking on extensive promotional activities.According to industry
LS Materials, a subsidiary of LS Cable & System, has announced on Nov. 8 that it will supply ultracapacitors (UC), also known as “next-generation secondary batteries,” to a Japanese manufacturer of Automated Guided Vehicles (AGVs).The UC is an industrial special battery known for its rapid charging
SK on has secured the top position in Fortune’s “Change the World” list, an accolade that recognizes the world’s most innovative companies. This achievement marks the highest-ever ranking for a global battery manufacturer.On Sept. 27 (local time), Fortune unveiled its list of “2023 World-changing In
Fairtrade Korea proudly participated in the highly anticipated 41st edition of Seoul Food, held at KINTEX in Goyang, Gyeonggi-do, from May 30 to June 2, 2023. The event, hosted by the Korea Trade-Investment Promotion Agency (KOTRA), witnessed a significant increase in awareness among domestic compan
The author is an analyst for Shinhan Securities. She can be reached at hpark@shinhan.com -- Ed.1Q23 operating profit meets expectationsClio Cosmetics posted consolidated operating profit of KRW5.2bn (+44% YoY) on sales of KRW75bn (+14% YoY) for 1Q23, meeting our estimate and the market consensus. Sa
The author is an analyist of NH Investment & Securities. He can be reached at jooyh@nhqv.com -- Ed.We raise our TP on Nongshim to W430,000. The firm’s sales growth is looking sound both at home and overseas, and its cost burden should ease towards 2H23.Raise TP to KRW430,000We raise our TP on Nongsh
Global Sae-A Group, the world's largest apparel exporter, appointed Kim Ki-myung, CEO of the group's holding company, Global Sae-A, as the new CEO of the recently acquired Ssangyong E&C.Kim served as the head of Walmart Korea, the CEO of In The F and the head of Sae-A Trading’s U.S. corporat
A total of 136 Chinese and Hong Kong and 124 U.S. enterprises put their names on this year’s Fortune Global 500 list. This is the first time that the former exceeded the latter in number, although the top two on the list are Walmart and Amazon. The list also includes 47 Japanese enterprises.Walmart
Pulmuone has started to sell authentic Korean-made kimchi with fish sauce in 400 stores of Walmart, the largest retailer in the U.S.It is the first time that Pulmuone sells kimchi, which is produced in Korea, solely under its own brand name ‘Pulmuone’ in large U.S. retail stores.Since 2019, Pulmuone
The author is an analyst of NH Investment & Securities. She can be reached at jiyoony@nhqv.com. -- Ed. Hansae’s major clients, which include GAP, Walmart, and Target) have been boosting their orders. Hansae’s strong OEM earnings are to shine further on the absence of high-base effects from mask/prot
The popularity of Korean foods is increasing worldwide. According to the Korea International Trade Association, South Korea’s food and beverage exports totaled US$5,324.49 million for the first eight months of this year, up 16.3 percent from a year ago. The export figure exceeded US$7 billion last y
SK E&S and Plug Power have signed a joint venture contract for joint business in the Asian hydrogen market. Their stakes in the joint venture are 51 percent and 49 percent, respectively.They are planning to build a gigafactory and an R&D center for hydrogen fuel cell and water electrolysis equipment
The author is an analyst of NH Investment & Securities. She can be reached at jy.lee@nhqv.com. -- Ed. Hansae registered a 1Q21 earnings surprise, with higher single-product orders from major clients leading to significant improvement in its processing efficiency. Raw material price hikes present a n
The author is an analyst of NH Investment & Securities. She can be reached at jy.lee@nhqv.com. -- Ed. We expect Hansae to report consensus-meeting 1Q21 earnings, helped by increased orders from major buyers. While concerns exist towards high-base effect from the strong sales of masks/protective clot
St. Louis-based Moosylvania recently released this year’s Top 100 Brands for Millennials, in which Samsung Electronics took the fifth place. The ad agency conducted the survey with a total of 1,000 U.S. residents in the age group of 19 to 39 and they were asked to pick their three favorite brands.Ap
The author is an analyst of NH Investment & Securities. She can be reached at mj27@nhqv.com. -- Ed. Excluding the logistics division, CJCJ’s 4Q20 OP likely climbed 24.0% y-y, with earnings improvement being driven by the domestic and overseas processed food and bio businesses. Favorably viewing its