GM's Korean Operations sold 30,630 vehicles in February. Sales were up 16.9% compared to the same month last year.Overseas sales of GM's Korean Operations reached 28,643 units in February, up 14.2% - the 23rd consecutive month of year-over-year growth. The Chevrolet Trax Crossover (along with its de
The Financial Supervisory Service (FSS) is planning to broaden the range of corporate disclosures accessible to foreign investors in real-time and to introduce a new service exclusively in English called “English Open DART” by the end of the year.On Feb. 18, the FSS announced the road map for improv
The Korea Exchange (KRX) announced on Feb. 6 that it will open the “30-Year Treasury Futures Market” from Feb. 19 to promote the advancement of the government bond market and hedge against risks from long-term interest rate fluctuations. This marks the first time in 16 years since the introduction o
As the Hang Seng China Enterprises Index (HSCEI) in Hong Kong experiences a sharp decline, a substantial loss in equity-linked securities (ELS) linked to this index is anticipated, with outstanding sales of related products reaching a staggering 20 trillion won. Concerns are mounting over potential
On Jan. 2, Son Byung-du, the chairman of the Korea Exchange, expressed his commitment to strengthening enforcement efforts, including enhanced monitoring of illegal short selling.During the opening ceremony of the “2024 Securities and Derivatives Market” held at the Yeouido office of the Korea Excha
On Jan. 2, President Yoon Suk-yeol announced, “I will push for the abolition of the Financial Investment Income Tax.” This move is expected to spark controversy as it involves the cancellation of an agreement with the opposition party.On this day, President Yoon attended the “2024 Securities and Der
Five major banks in South Korea are suspending the sale of equity linked securities (ELS) linked to the Hong Kong Hang Seng China Index (HSCEI). This decision comes in response to the substantial decline in the HSCEI, heightening the potential for principal losses.KB Kookmin Bank has announced a tem
As the Hong Kong Hang Seng China Index (HSCEI) has experienced a sharp decline, it has led to substantial capital losses of over 40 percent in Equity Linked Securities (ELS) products based on this index. In response to the significant risks in the trillions of won facing HSCEI-linked ELS, the Financ
Amid the global economic downturn and challenges such as weakened demand for petrochemical products as well as increased self-sufficiency in China, which is the largest market for domestic companies, the South Korean petrochemical industry is accelerating business restructuring.According to Korea Cr
In the intensifying battle of foundry services (semiconductor contract manufacturing), Taiwan’s TSMC has confidently affirmed its technological prowess.According to industry sources on Oct. 23, C.C. Wei, CEO of TSMC, responded with a firm “no” when asked during a recent conference call for the Q3 (J
The Financial Supervisory Service (FSS) has uncovered common illegal short selling practices by a global investment bank (IB) for the first time.According to the announcement from the FSS on Oct. 15, a Hong Kong-based global IB, hereinafter referred to as Company A, submitted short selling orders wi
Daewoong Pharmaceutical is rapidly securing its position in the market by consecutively acquiring patents related to the treatment of autoimmune diseases. The company announced on Oct. 4 that it has registered three patents related to autoimmune disease treatments over the past six months.To date, D
The author is an analyst for NH Investment & Securities. She can be reached at yd.yoon@nhqv.com -- Ed.Kiwoom Securities opted to reflect CFD provisioning in one swoop, relieving short-term burden. With retail investors continuing to trade briskly in 2H23, related profits should expand in 3Q23. With
As foreign investment in domestic securities saw an increase and the exchange rate between the Korean won and U.S. dollar stabilized, banks experienced a historic surge in their daily average foreign exchange trading volume in the second quarter.According to the Bank of Korea (BOK) on July 26, the d
The author is an analyst for Shinhan Securities. He can be reached at jaewonjeong@shinhan.com -- Ed.2Q23 preview: Earnings to come in line with market expectationsWe now expect GC Biopharma to post consolidated sales of KRW437.1bn (+3.3% YoY) and operating profit of KRW20.3bn (+55.2% YoY, operating
IGIS Asset Management is reportedly considering selling real estate in Germany to prevent additional deterioration of the profitability of a fund under its management.According to financial sources on July 18, IGIS announced on their website on July 17 regarding the primary risk conditions and measu
According to the 2022 International Investment Balance Sheet by Region and Currency (Provisional) released by the Bank of Korea (BOK) on June 27, the balance of Korea’s external financial assets, excluding reserves, stood at US$1.7456 trillion at the end of last year. This represented a drop of US$1
Foreign investors bought a record 15 trillion won (US$11.8 billion) worth of stocks and bonds in Korea’s financial market in May.According to international financial and foreign exchange market trends released by the Bank of Korea (BOK) on June 12, foreign investors recorded a net inflow of US$114.3
The author is an analyst for Shinhan Securities. He can be reached at jaewonjeong@shinhan.com -- Ed.All negatives reflected in 1Q23 earningsGC Biopharma reported disappointing earnings results in 1Q23, remaining in the red for the second quarter. Sales declined by 16% YoY to KRW349.5bn due to a high
The Korean Fair Trade Commission (KFTC) announced on April 18 that it has approved UBS’s merger with Credit Suisse (CS).The two companies signed an agreement on their merger on April 6 and filed their merger notification with the KFTC on April 25.Both UBS and CS are global investment banks based in