The National Pension Service (NPS) has come out against the reappointment of Cho Won-tae, president and chairman of Korean Air, as an inside director, sparking interest in the reasons behind the move.According to the aviation industry on March 17, the NPS’s Fund Management Committee is expected to v
The Incheon Port Authority (IPA) announced that foreign shipping firm Maersk has launched the PH5 service at Incheon Port on March 4.PH5 is a weekly service that departs from Incheon Port and travels to Vietnam and Thailand via China. Five vessels ranging from 2,544 to 2,826 TEU will be used, with t
Hanjin announced on Jan. 26 that it will expand its overseas bases to a total of 42 this year to foster its global business.This year, Hanjin will establish 17 subsidiaries and a total of 42 bases in 22 countries including Thailand, Bangladesh, Morocco, and Hungary to build a logistics network conne
More than four out of 10 listed companies in Korea were unable to pay interest with money they made, according to a recent survey. High interest rates and stagflation worsened the business environment, raising red flags on their financial conditions.As of the third quarter of 2023, 710 of 1,674 list
In the market on Dec. 6, there is a stark difference in perspectives regarding the public acquisition of Hankook & Company by MBK Partners, the largest private equity fund in South Korea. Some view it as “an intervention for the normalization of corporate value,” while others perceive it as “a hosti
The author is an analyst for NH Investment & Securities. He can be reached at ys.jung@nhqv.com -- Ed.The transportation industry enjoyed a market boom during the pandemic era, but with trade volume growth slowing and supply growth accelerating, supply burden has increased, bringing down tariffs. The
The ongoing takeover battle for HMM, which had been a three-way competition between Harim Group, LX Group, and Dongwon Group, could face another twist. There’s speculation that POSCO might enter the acquisition fray, intensifying the competition among potential acquirers. Amid this, the prospective
The Korea International Trade Association (KITA) announced on Oct. 16 that it held a Rebuild Ukraine Business Dialogue in Warsaw, Poland, in collaboration with the Ukrainian Chamber of Commerce and Industry and the Korea-Ukraine New Building Association (KUNBA).The event was held to discuss ways to
It has been disclosed that among the stock assets held by conglomerate leaders and their families, there are 22 instances where the stock assets of the next generation surpass 50 percent. This increase in the inheritance and gifting of stocks as part of the generational transition within these congl
The proposed merger between Korean Air and Asiana Airlines, which was halted by the U.S. Department of Justice in May, is set for review by the Japan Fair Trade Commission next month.If any of the remaining jurisdictions, including Japan, the European Union (EU), and the U.S., oppose the merger, the
Cho Won-tae, chairman of Hanjin Group, expressed his strong determination to complete the merger between Korean Air and Asiana Airlines, suggesting the possibility of concessions to major regulatory authorities such as the United States.In an interview with Bloomberg TV in Istanbul, Turkey on June 5
Korea Development Bank (KDB) has begun the process of selling management rights to HMM, an oceangoing Korean shipping company. It is seven years since the state-run bank took over the management rights to the company in a liquidity crisis from Hyundai Group in 2016.KDB announced on March 2 that it w
Korean transport and logistics companies are focusing on Indonesia’s rapid digital economic growth.Hanjin recently turned its Jakarta office into a corporation. According to the company, the decision is because the Indonesian e-commerce market is the largest and fastest-growing in Southeast Asia. Ha
The author is an analyst of NH Investment & Securities. He can be reached at ys.jung@nhqv.com -- Ed.We lower our TP on CJ Logistics by 5% to W122,000 in light of both a slowdown in parcel delivery volume growth and a decline in forwarding profitability. However, pointing out that delivery players co
HMM’s share of the Asia-U.S. West Coast route has fallen to the 4 percent range in seven years. The route accounts for more than 40 percent of HMM’s sales. The drop in HMM's market share is because not only large shipping companies but also small and medium-sized shipping companies that do not b
The authors are analysts of Shinhan Investment Corp. They can be reached at idh@shinhan.com and jiunmyoung@shinhan.com, respectively. -- Ed. Initiate coverage with BUY for a target price of KRW40,000We initiate coverage of Hyundai Rotem with BUY for a target price of KRW40,000. Our target price is b
South Korean conglomerate heads born in the 1950s, who led the industrialization of the country, are retiring one after another. The current mainstream is those born in the 1960s, those born in the 1970s are emerging, and those born in the 1980s are following them.In Hanwha Group, the seventh-larges
The author is an analyst of KB Securities. He can be reached at seongjin.kang@kbfg.com. -- Ed. Acquisition of 54.9% stake in Jin Air positive— Korean Air has decided to purchase a 54.9% stake in Jin Air from its parent Hanjin KAL. While the lofty price tag (at a premium to recent closing price) and
The author is an analyst of NH Investment & Securities. He can be reached at ys.jung@nhqv.com -- Ed. The end of a parcel union strike and a partial withdrawal of overseas parcel delivery services have reduced risk factors for CJ Logistics. Moving ahead, earnings growth momentum is to sustain on both
The author is an analyst of NH Investment & Securities. He can be reached at jinmyung.choi@nhqv.com. -- Ed. We maintain a Neutral stance on the machinery sector. Industrial demand from China has turned downwards, and demand from DMs (including the US and Europe) is slowing gradually. Higher logistic