The amount of debts owed by households and businesses in Korea was more than twice Korea’s gross domestic product (GDP). About half of the nation’s companies were unable to pay even interest on their debts with money they earned from sales, revealing their vulnerability.The ratio of private credit t
Excessive administration of analgesic drugs frequently results in medical accidents. To prevent the occurrence of these accidents, a drug infusion pump featuring a technology for safely detecting medication administration has been developed for the first time in the world.The research team led by Pr
Experts are anticipating that the economic growth rate for South Korea will reach 2.2 percent this year. This aligns with the forecasts presented by the government and the International Monetary Fund (IMF), both indicating a 2.2 percent growth. It slightly surpasses the Bank of Korea’s projection of
Due to a slump in the global economy, auto demand is expected to decline in Korea and Korea’s car exports are expected to increase slightly as Korean car makers still have waiting orders. Therefore, Korea’s car production is expected to remain flat next year.The Korea Automobile and Mobility Associa
The International Monetary Fund (IMF) has praised South Korea’s sound fiscal policies, stating that the country’s national debt is at an appropriate level. However, the IMF has also expressed concerns about the high levels of household debt in South Korea.According to the transcript of a press brief
SKC will build the world’s largest eco-friendly biodegradable material production facility in Hai Phong City, Vietnam.SKC announced on Sept. 25 that Ecovance, an investor in the biodegradable materials business, has received an investor registration certificate (IRC) from Hai Phong City at the Hai P
The world has a plastic problem. This was the clear realization that drove Konrad Becker and his three co-founders in 2021 to establish Would You Love (WYL), a Seoul-based startup with a mission to make the world more sustainable. Motivated by reports that Korea was responsible for some of the world
The Incheon Free Economic Zone (IFEZ) Authority announced on Feb. 14 that Sartorius Korea Operations broke ground for production and research facilities in Songdo International City.Sartorius Korea Operations is a company set up by Sartorius AG, an international pharmaceutical and laboratory equipme
EOFlow Co. announced on Feb. 14 that GulfDrug LLC of the United Arab Emirates (UAE), its partner in the Gulf region, launched its tubeless, wearable, and disposable insulin pump “EOPatch” in the UAE.Beginning in February 2023, it becomes possible in the UAE to control and manage insulin infusions wi
Samsung Biologics, a leading contract development and manufacturing organization (CDMO), has received the Sustainable Markets Initiative’s Terra Carta Seal, the company announced on Jan. 11.The Terra Carta Seal, launched at COP26 by His Majesty King Charles III when he was Prince of Wales, recognize
EOFlow Co., a provider of wearable drug delivery systems, has partnered with Diabeloop, a French company developing diabetes automated treatment solutions, to provide patients with convenient access to EOFlow’s EOPatch system combined with an automated insulin delivery (AID) system.EOFlow and Diabel
EOFlow Co., a provider of wearable drug delivery systems (DDS), announced on Dec. 27 that it submitted a 510(k) application to the U.S. FDA for its wearable disposable insulin pump EOPatch.EOFlow plans to enter the U.S., the world’s largest diabetes market, with its current disposable wearable insul
The Korea Life Insurance Association announced on Nov. 17 that South Koreans’ life expectancy is 84 years, 3.2 years higher than the OECD average. The life expectancy increased by 2.7 years in 10 years.According to the association, South Koreans’ official and actual retirement ages are 62 and 72.3,
An increasing number of experts are estimating South Korea’s 2023 real GDP growth at less than 2 percent, with its exports falling and domestic demand remaining sluggish.Daishin Securities estimated it at 1.6 percent on Nov. 4. The latest estimates of Hana Financial Group and Fitch Ratings are 1.8 p
EOFlow Co. announced on Oct. 25 that it has received certification from the Ministry of Health of Indonesia to commercialize its wearable insulin pump ‘EOPatch’ and its controller ‘ADM’. Its smartphone app ‘Narsha’ does not require an approval from the ministry.On December 2021, EOFlow announced tha
Pernod Ricard Korea announced on Oct. 21 that it has selected Ananti's Hawkeye team, which has planned the ‘Cabinet de Poisson’ project with the aim of a sustainable environment, as the winner of the ‘Aberlour Craftsmanship Award’.‘Cabinet de Poisson’ is Ananti's eco-friendly project for a s
The author is an analyst of KB Securities. He can be reached at wchun@kbfg.com. -- Ed. Initiate coverage with HOLD and TP of KRW141,000 We initiate coverage of Kumho Petrochemical with a HOLD rating and target price of KRW141,000 (3.3% upside). We have used the P/B-ROE model in deriving TPs for Kore
EOFlow Co., the producer of EOPatch, a small and light wearable insulin pump, has exported an EOPatch production line to its joint venture in China, Sinoflow Co., the company announced on Oct. 17.On Sept. 30, the company shipped equipment to set up an EOPatch production line in Sinoflow, along with
EOFlow Co., a provider of wearable drug delivery solutions, announced on Sept. 23 that its European exclusive distributing partner A. Menarini Diagnostics showcased its tubeless, wearable, and disposable insulin pump “EOPatch” at the annual meeting of the European Association for the Study of Diabet
The author is an analyst of KB Securities. She can be reached at shinay.park@kbfg.com. -- Ed. Lower target price 6% but maintain BUY given 60% upside Despite upward revisions to earnings estimates fueled by a sharp recovery in Department Store margins, we lower our TP by 6% to KRW340,000 on Shinsega