Samsung Electronics and Naver have unveiled their jointly developed artificial intelligence (AI) semiconductor, which has been in development over the past year. Known for its power efficiency being approximately eight times greater than chips from competitors like Nvidia, this product is expected t
The author is an analyst for NH Investment & Securities. She can be reached at yd.yoon@nhqv.com -- Ed.We draw attention to NHN KCP’s ongoing top-line growth in defiance of difficult conditions. Despite slow growth in online payment volume, the firm’s ability to secure merchants stands out. The final
ArkData registered Ark for CDC, a real-time heterogeneous data replication solution on NHN Cloud Marketplace.Through this Marketplace registration, customers who need data replication on NHN Cloud can get the service efficiently in a monthly subscription form. Since there is no need for an additiona
On its 10th anniversary on Aug. 1, NHN unveiled its new brand slogan, “Weaving New Play,” and also presented a growth strategy to achieve its group vision of “a global top-tier tech company.”Weaving New Play encapsulates the meaning of “creating a new tomorrow through our connections.” The services
The government, domestic AI semiconductor, and cloud industries are teaming up to challenge the dominance of Nvidia, adopting a strategy to respond to the generative AI era with ultra-fast, low-power domestic AI semiconductors like what ChatGPT uses.On June 26, Lee Jong-ho, minister of science and I
The author is an analyst for NH Investment & Securities. He can be reached at jaemin.ahn@nhqv.com -- Ed.During the era of ample liquidity just a few years ago, the Internet sector enjoyed a strong boom as a leading platform industry. However, with interest rates rising and the economy slowing, Inter
The author is an analyst for NH Investment & Securities. He can be reached at jaemin.ahn@nhqv.com -- Ed.Earnings at NHN continue to rebound following the 2Q22 OP bottom of W5.2bn. We expect 1Q23 to establish the OP basement of 2023, as the firm’s strategy focused on recovering profitability takes sh
The author is an analyst of NH Investment & Securities. He can be reached at jaemin.ahn@nhqv.com -- Ed.The investors we met with in Hong Kong and Singapore were cautious towards the Internet sector amid lingering uncertainties over the economic recovery. However, they were bullish towards the releas
The author is an analyst of NH Investment & Securities. He can be reached at jaemin.ahn@nhqv.com -- Ed.NHN’s dominance in the web-board game market is strengthening, and we also favorably view ongoing sales growth at firm’s payment services & ads arm and its technology domain. Marketing cost reducti
The author is an analyst of NH Investment & Securities. He can be reached at jaemin.ahn@nhqv.com. -- Ed. Earnings at NHN’s web-board game business (the firm’s cash cow) are continuing to strengthen, and (escaping the sluggishness of the Covid-19 crisis) its Chinese commerce business earnings look se
Data center development is rapidly emerging as a new investment destination in the domestic commercial real estate market in Korea. Asset management firms, private equity firms, developers, builders and so on are entering the market monopolized by mobile carriers until recently.According to market r
The author is an analyst of NH Investment & Securities. He can be reached at jaemin.ahn@nhqv.com. -- Ed. The combination of eased web-board game regulations and Chuseok holiday effects bode well for Neowiz’s web-board sales. New title momentum should also be in play thanks to the scheduled release o
The author is an analyst of NH Investment & Securities. He can be reached at esshim@nhqv.com. -- Ed. Affected by worries over slowing growth in the online shopping market and the stock market downturn, NHN KCP share multiples fell to pre-Covid-19 levels. Rather than concerns over additional de-ratin
The author is an analyst of NH Investment & Securities. He can be reached at jaemin.ahn@nhqv.com. -- Ed. At NHN, bottom-line is likely to slow in 2022 due to both increased labor costs and a significant hike in marketing costs. However, the business environment is displaying favorable changes thanks
The author is an analyst of NH Investment & Securities. He can be reached at jaemin.ahn@nhqv.com. -- Ed. NHN’s margins are inevitably to deteriorate in 2022 due to increased labor costs and marketing expenses. But, web-board game deregulation should spur sales growth, and the firm has a number of ne
The author is an analyst of NH Investment & Securities. He can be reached at esshim@nhqv.com. -- Ed. Affected by fears over slowing growth in the online shopping market and a stock market downturn, NHN KCP shares are trading at a valuation similar to the pre-pandemic level. We suggest that it is now
The author is an analyst of NH Investment & Securities. He can be reached at esshim@nhqv.com. -- Ed. NHN KCP conducted an NDR for institutional investors over Apr 18~19. Despite concerns over slowing online market growth in the post-pandemic era, the firm’s earnings expansion should continue on the
The author is an analyst of NH Investment & Securities. He can be reached at esshim@nhqv.com. -- Ed. As Korea’s number-one online payment provider, NHN KCP’s earnings are rising in line with the expansion of online shopping market. Despite concerns over a slowing in market growth in the post-pandemi
SK Telecom entered the AI semiconductor market by unveiling its own AI semiconductor, Sapeon X220, in November 2020. The company is now seeking to expand its AI semiconductor business. It will spin off its semiconductor business unit into Sapeon Korea in January 2022.SK Telecom said Sapeon X220 is 1
Market research firm CEO Score reported on Dec. 8 that the top 500 South Korean enterprises signed 346 M&A deals from 2019 to last month by investing more than 53 trillion won.“The number of acquisitions for the first three quarters of this year is 126, up 30 from a year ago,” it explained, adding,