The Lounge, a luxury destination on the uppermost floor of Park Hyatt Seoul, presents the 2023 Bingsu Selection. Featuring Cherry, Honey Gold, Persimmon, and Mango varieties, this year’s bingsu menu offers epicurean relief from the early summer heat.Cherry Bingsu, recommended by Executive Chef Baek
The author is an analyst of KB Securities. She can be reached at hyejung.jung@kbfg.com. -- Ed. 4Q22P consolidated operating loss of KRW275.9bn (turn to red YoY): Far below consensus ㅡ Hyundai Steel reported 4Q22P revenue of KRW6.0tn (-7.1% YoY, -14.6% QoQ), operating loss of KRW275.9bn (TTR YoY, TTR
The author is an analyst of KB Securities. She can be reached at hyejung.jung@kbfg.com. -- Ed. 3Q22P operating loss of KRW7.5tn (remain in red YoY) in line with market consensus— KEPCO posted 3Q22 preliminary revenue of KRW19.8tn (+20.8% YoY, +27.3% QoQ), operating loss of KRW7.5tn (remain in red Yo
The author is an analyst of KB Securities. She can be reached at hyejung.jung@kbfg.com. -- Ed. 3Q22P OP at KRW373.0bn (-54.9% YoY) — Hyundai Steel reported 3Q22P revenue of KRW7.0tn (+19.4% YoY, -5.2% QoQ), OP of KRW373.0bn (-54.9% YoY, -54.6% QoQ), and NP (attributable to controlling interests) of
The author is an analyst of KB Securities. He can be reached at wchun@kbfg.com. -- Ed. Initiate coverage with BUY and TP of KRW200,000 We initiate coverage of Lotte Chemical with a BUY rating and target price of KRW200,000 (24.6% potential upside). We have used the P/B-ROE model in deriving TPs for
The author is an analyst of KB Securities. She can be reached at hyejung.jung@kbfg.com. -- Ed. 2Q22P consolidated OP of KRW822.1bn (+50.8% YoY) in line with market consensus— Hyundai Steel posted 2Q22P consolidated revenue of KRW7.4tn (+31.3% YoY, +5.7% QoQ), OP of KRW822.1bn (+50.8% YoY, +17.9% QoQ
LG Energy Solution announced on May 24 that a Volkswagen ID.4 GTX equipped with its battery successfully ran on Mt. Uturuncu in Bolivia on May 18.“The altitude above the sea level was 5,816 meters and the vehicle set a new Guinness world record by running on the dormant volcano,” it said.The battery
The author is an analyst of NH Investment & Securities. He can be reached at soohong.cho@nhqv.com. -- Ed. Once production stabilizes in 2H22, both sales volume and earnings momentum are to pick up for Kia on the global launch of the Sportage and EV6. Kia took the top spot in the 2022 VDS, and the EV
The author is an analyst of KB Securities. She can be reached at hyejung.jung@kbfg.com. -- Ed 4Q21 OP of KRW2.4tn (+174.3% YoY) in line with market consensus — POSCO reported 4Q21 preliminary consolidated revenue of KRW21.3tn (+39.8% YoY, +3.4% QoQ), OP of KRW2.4tn (+174.3% YoY, -24.0% QoQ) and NP (
The author is an analyst of NH Investment & Securities. She can be reached at hzl.lee@nhqv.com. -- Ed. Thanks to the strengthening bargaining power of K-content, the media/entertainment industry has entered a re-rating phase. In 2022, Studio Dragon should enjoy: 1) captive drama slots; and 2) earnin
The author is an analyst of NH Investment & Securities. He can be reached at hyundong.lee@nhqv.com. -- Ed. JC Chemical logged its highest-ever quarterly earnings in 1Q21. Sales at its bio-heavy oil division surged on a tightening of the renewable portfolio standard (RPS). Both a rising palm oil pric
The author is an analyst of NH Investment & Securities. He can be reached at minjae.lee@nhqv.com. -- Ed. Business diversification is underway at construction companies based on ample cash liquidity secured via strong housing business over the past five years. During lulls in real estate-related news
The authors are analysts of NH Investment & Securities. They can be reached at kyuha.lee@nhqv.com, hwdoh@nhqv.com and j.ko@nhqv.com, respectively. – Ed. The US government has recently been beefing up its sanctions against Chinese firms, a development which is to dampen global semicon demand, in turn
The author is an analyst of NH Investment & Securities. He can be reached at hwdoh@nhqv.com. -- Ed. The media is reporting that the US government is reviewing potential sanctions against Chinese foundry SMIC. If such sanctions materialize, it would be a negative development for Chinese semiconductor
The Yomiuri Shimbun reported on Jan. 27 that the U.S. government raised an objection to the South Korean government’s intention to move ahead with inter-Korean economic cooperation projects including Mt. Kumgang tourism and the Kaesong Industrial Complex.According to the newspaper, National Security
Hyundai Engineering and Construction (E&C) announced on July 10 that it has signed US$2.7 billion contracts with Saudi Aramco to execute Package 6 and Package 12 of the Marjan Development Program.A contract signing ceremony was held at the Saudi Aramco Dharan Office in Saudi Arabia on July 8 with th
Naver has thrown down the gauntlet to global IT giants increasingly penetrating the South Korean cloud service market.“South Korea has always been a test bed for new information technologies, which means competition has always been there,” said Park Won-ki, head of Naver Business Platform Corp. in a
Skyline Luge Tongyeong has been named as one of Korea’s "100 Must-visit Tourist Spots (100 MVTS)." The top 100 list is compiled every two years by the Ministry of Tourism in collaboration with the Korea Tourism Organization, who select and honor the 100 best tourist spots in Korea.The 100 MVTS accol
For Choi Moon-soon, governor of Gangwon Province, 2018 must be a memorable year. In February and March, he hosted the PyeongChang Olympic and Paralympic Winter Games, which significantly enhanced the global recognition of the host city and province. In the June local elections, the governor was re-e
The two Koreas agreed on Oct. 15 to kick off a joint project to modernize and link their railways and roads across their borders in late November or early December.The agreement was reached during high-level talks between South Korean Unification Minister Cho Myung-kyun and his North Korean counterp