Eight out of ten business leaders have expressed the belief that the Chinese economy will continue to deteriorate in the future. This outlook is attributed to mounting concerns over risks stemming from China, notably those associated with the U.S.-China conflict. It is increasingly evident that the
The author is an analyst of KB Securities. He can be reached at joonsop.analyst@kbfg.com. -- Ed. Earnings surprise in 4Q21 fueled by strong performance of KT Estate and other subsidiaries— KT posted 4Q21P consolidated revenue of KRW6.62tn (+6.7% YoY), OP of KRW369.4bn (+128.4% YoY) and NP (attributa
The author is an analyst of Shinhan Investment Corp. He can be reached at sh.kim@shinhan.com. -- Ed. 1Q21 preview: NP to beat consensus at KRW603.3bn (+16% YoY)Woori Financial Group’s net profit of controlling interest is expected to have climbed 16% YoY to KRW603.3bn in 1Q21, exceeding the current
The author is an analyst of Shinhan Investment Corp. He can be reached at sh.kim@shinhan.com. -- Ed. Market consensus for 1Q21 NP on an uptrend and likely to rise furtherMarket expectations for DGB Financial Group’s 1Q21 net profit has improved from KRW94.6bn in January to KRW100bn at present, and t
The author is an analyst of NH Investment & Securities. She can be reached at michelle.cho@nhqv.com. -- Ed. Having struggled since the outbreak of Covid-19, the Korean economy now appears to stand at the crossroads between a long-term downtrend and recovery. All in all, it will likely take some time
The author is an analyst of NH Investment & Securities. She can be reached at michelle.cho@nhqv.com. -- Ed. - Maintain Hold rating and TP of W34,500- Shinhan Financial Group (SFG) reported consolidated 3Q20 NP of W1.14tn, ahead of expectations. Upbeat results were mostly underpinned by 1) solid non-
The author is an analyst of NH Investment & Securities. She can be reached at michelle.cho@nhqv.com. -- Ed. - Maintain Buy rating and TP of W47,400- KB Financial Group (KBFG) reported consolidated 3Q20 NP of W1.17tn, ahead of expectations even after excluding negative good will (NGW), worth W145bn,
The author is an analyst of NH Investment & Securities. She can be reached at michelle.cho@nhqv.com. -- Ed.We herein examine domestic business conditions in order to identify potential corporate credit risks that have emerged through the Covid-19 crisis. Moving ahead, it will be necessary to keep mo
The authors are analysts of Shinhan Investment Corp. They can be reached at sh.kim@shinhan.com and jongseon@shinhan.com, respectively. -- Ed. BOK announces higher-than-expected rate cut and bank debenture purchaseThe Monetary Policy Committee of the Bank of Korea cut its base rate by 50bp in an emer
The authors are analysts of Shinhan Investment Corp. They can be reached at sh.kim@shinhan.com and jongseon@shinhan.com, respectively. -- Ed. Rate risk: Current share prices represent just 20-40% of intrinsic value even at zero base rateA 25bp base rate cut is estimated to lower the intrinsic value
LG U+ announced on July 14 that it would start installing mostly on small and medium sized buildings after developing and testing a 5G telecommunication RF repeater and micro-repeater for commercial networks developed with DBcom, a small Korean company.The newly developed repeaters create 5G use env
The Nexon Foundation, established by Nexon Corp., a major game developer in Korea, announced on October 10 that it has forged a partnership with two U.S. nonprofit organizations to promote creative play and the education of talent in convergence fields.The two U.S. partners are the Imagination Found
Amazon will help domestic sellers export products online. Since GMarket and 11st currently operate a reverse direct purchase platform in South Korea, there will be growing competition for online exporting.According to retail industry sources on September 24, Amazon Global Selling Korea will hold a p
NH Nonghyup Card announced on Feb. 10 that it has formed a strategic partnership with JCB International, a Japan-based international payment brand, and jointly launched a new brand “W.”The brand allows its members to use their cards at 31 million card affiliate stores and ATMs in 190 countries aroun
Facing the saturation of the domestic market and rising opportunities abroad, The Face Shop, a subsidiary of LG Household & Health Care, is increasingly turning its eyes toward overseas markets. The Face Shop is a mid-to-low-end skincare and cosmetics brand based in Korea, focusing on products rangi
Kumho Petrochemical announced on Oct. 5 that the company’s 2104 Annual Report won Grand Prize in the Best of Korea category at the Annual Report Competition Awards in the U.S. Under the theme of “Aiming Higher,” The 2014 report focuses on its leadership in synthetic rubber, its major business area,
The first time the Korean government went public about a goal for the globalization of Korean traditional food, or Hansik, was during the Lee Myung-bak administration from 2008–2013. The strategy mainly focused on government-level policy with the Ministry of Food, Agriculture, Forestry and Fisheries
Kolon Industries FnC has opened the nation’s first shopping mall complex built with shipping containers. The place is called “Common Ground” and is located near Konkook University in Seoul. Kolon Industries expects the area to help grow its new distribution business. On April 8, Kolon Industries Fn
CJ Foodville announced that the Soho, London branch of its Bibigo restaurant has appeared in the Michelin Guide London 2015. This is the second time since last year that Bibigo was registered in the Michelin Guide.According to the Michelin Guide, the Soho branch is introducing people to healthy stap
Shinhan Bank announced on Nov. 24 that its local subsidiary Shinhan Vietnam Bank obtained approval to open three branch banks and one transaction office from the central bank of Vietnam.The simultaneous approval for that many entities is unprecedented, and is because the Vietnam government changed i