Flitto (CEO Simon Lee, KOSDAQ 300080), a leading language data and translation service provider, announced on the 14th that it had discussions on plans to collaborate on AI technology with three emerging AI startups representing the ASEAN region at its Seoul headquarters on the 12th.The three ASEAN
The Ministry of SMEs and Startups (Minister LEE Young, hereinafter referred to as MSS) and the Korea Startup Forum (KSF, Chairman PARK Jae-wook, CEO of SOCAR) held a press briefing on COMEUP 2023 at Dreamplus in Gangnam-gu, Seoul on October 30.COMEUP is an annual event aimed at showcasing South Kore
Google, which accounts for the highest share of domestic network traffic in South Korea, has been highlighted for not paying any network usage fees in the country.On Oct. 26, Kim Byung-wook, a member of the National Assembly’s Science, ICT, Broadcasting and Communications Committee from the People P
LS Group chairman Koo Ja-eun vowed to invest over 20 trillion won over the next eight years to double the group's assets from the current 25 trillion won to 50 trillion won by 2030.Koo disclosed the group's Vision 2030 in a ceremony held on Jan. 2 to celebrate the start of the New Year.Durin
The author is an analyst of NH Investment & Securities. She can be reached at hzl.lee@nhqv.com. -- Ed. Amid heightened concerns over an economic slowdown, the sluggish performance of targeting advertising platforms has been added, resulting in the share prices of media/ad companies coming in flat. H
The author is an analyst of KB Securities. He can be reached at joonsop.analyst@kbfg.com. -- Ed. Maintain BUY but lower target price to KRW17,500 We lower our TP by 7.9% to KRW17,500 on LGU. We attribute the stock’s sluggish performance to lower-than-expected earnings amid one-off expenses in 1H22.
South Korean credit card and insurance companies are rapidly expanding their overseas businesses in China and Southeast Asia.Shinhan Card is currently doing business in Vietnam, Indonesia and Myanmar. In the first half of this year, its overseas net profit was 11.33 billion won, up 400 percent from
The author is an analyst of NH Investment & Securities. She can be reached at hzl.lee@nhqv.com. -- Ed. The ad market is to make a mild and steady earnings recovery on the resumption of advertising execution and BTL marketing in industries situated to benefit from economic re-opening. While stricter
Samsung Electronics Co. has released a white paper that lays out the company’s vision for securing global frequency bands for 6G, the next generation communications technology. The paper, titled “6G Spectrum: Expanding the Frontier,” discusses ways to obtain the spectrum needed to achieve the compan
The author is an analyst of Shinhan Investment Corp. He can be reached at sanghoonpure.cho@shinhan.com. – Ed. Trailblazer in dawn delivery serviceKurly started off as an online grocery retailer in end-2014 and introduced the world’s first dawn delivery service in 2015. The company's dawn deliver
A total of 10 startups attracted an investment of at least 100 billion won each in the first quarter of this year. The annual investment is expected to reach a new high this year, given that the number was 19 in 2021.The total startup investment was 3.1424 trillion won in the first quarter of this y
Cloudera, a global enterprise data cloud company, announced on Oct. 6 that it has made a presentation at TM Forum on its experience in building a network real-time analytic platform (NRAP) through collaboration with LG U+.TM Forum is a global telecommunications industry consultative body designed to
The author is an analyst of Shinhan Investment Corp. He can be reached at sh.kim@shinhan.com. -- Ed. Temporary slowdown in sales and operating profit growthNICE Information Service posted operating profit of KRW20.6bn (+4.6% YoY) on sales of KRW122.2bn (+3.8% YoY) for 2Q21. The shares have recently
The author is an analyst of Shinhan Investment Corp. He can be reached at sh.kim@shinhan.com. -- Ed. Benefits expected from MyData, Toss Bank and Kakao BankWe believe NICE Information Service will continue to enjoy trickle-down benefits from the government’s fintech innovation policies. A total of 2
As Edtech startups continue to rake in investment with the newfound demand for remote learning, Ringle, the South Korea-based provider of one-on-one English tutoring lessons and a member of Born2Global Centre, has raised US$18 million Series A funding led by Must Asset Management. The company starte
The author is an analyst of NH Investment & Securities. He can be reached at jaemin.ahn@nhqv.com. -- Ed. Value of SKT’s non-telecom domains to garner greater attention following planned spin-offSKT’s subsidiaries, including not only SK Hynix but also ADT Caps, 11st, Onestore, WAVVE, and T-Map Mobili
Ringle English Education Service Co. (Ringle), a member company of Born2Global Centre that provides 1:1 video English lessons with native-speaking tutors from prestigious U.S. and U.K. universities, has secured US$8.9 million in investments.The potential of Ringle, which is currently in the process
The author is an analyst of Shinhan Investment Corp. He can be reached at mj1224@shinhan.com. -- Ed. Five strategies for growth of commerce businessNAVER unveiled the strategic direction for its commerce business at the Analyst Day event held on March 17. The five growth strategies are: 1) improveme
SK Holdings C&C has joined hands with Google Cloud Korea to jointly develop digital innovation platforms and solutions for industries based on Multiverse, an integrated digital platform developed by SK Holdings C&C.The two companies will promote a “digital flagship” project aimed at developing digit
The authors are analysts of Shinhan Investment Corp. They can be reached at yjjung86@shinhan.com and ik.jung@shinhan.com, respectively. -- Ed. Updated mid/long-term roadmap revealedKia Motors, at the CEO Investor Day event held on February 9, revealed its updated mid/long-term roadmap, "Plan S," and