The Korea Exchange announced that it will commence trading of KOSDAQ Global Index futures on April 22. The KOSDAQ Global Index consists of companies selected for the “KOSDAQ Global Segment” based on certain criteria among KOSDAQ-listed stocks.The launch of KOSDAQ Global Index futures was initiated t
Korea Hydro & Nuclear Power (KHNP) and Électricité de France (EDF) are vying for a contract to build nuclear power plants in the Czech Republic, which are estimated to be worth at least 30 trillion won. If KHNP wins the order, it will mark the first nuclear power export from South Korea in 15 years
Saudi Arabia’s state-owned oil company Aramco called off a plan to expand Safaniya Oil Field, putting a damper on Hyundai E&C’s plan to reach its annual overseas order goal. The company has set a target of 6.3 trillion won for overseas orders this year.According to sources in the Korean construction
It has been revealed that the market capitalization of the domestic stock market surged by nearly 100 trillion won in the first quarter of this year.According to the corporate analysis firm Korea CXO Research Institute on April 16, the total market capitalization of 2,692 stocks, excluding preferred
Amid the surge in the Korean won against the U.S. dollar, reaching close to 1,400 won, dividends from listed companies, often heavily held by foreign investors, are continuing to flow. During this period, foreign investors are set to receive dividends totaling over 6 trillion won. If foreign investo
On April 16, SK networks announced through the electronic disclosure system that it has selected Affinity Equity Partners, a Hong Kong-based private equity fund (PEF) manager, as the preferred bidder for the sale of its subsidiary, SK rent-a-car, which is the second-largest car leasing company in So
The Czech Republic has pushed back the deadline for a rebid for the 30 trillion won Dukovany and Temelin Nuclear Power Plant construction project by two weeks at the request of France.CEZ of the Czech Republic announced on April 8 (local time) that it has extended the deadline for submitting revised
Shinhan Securities has announced that the proportion of overseas stocks in accounts held by minor investors recorded 20.6 percent as of March 27, which is significantly higher than the proportion in accounts held by all individual investors, which stands at 7.6 percent.The proportion of overseas sto
The price of Samsung Electronics stock has risen by 4 percent, reaching the 85,000 won (US$63) mark for the first time in about three years. This means its market capitalization has surpassed 500 trillion won.On April 2, Samsung Electronics concluded trading at 85,000 won, marking a 3.66 percent inc
HD HHI announced on March 29 that it has been selected by Peru’s state-run SIMA Shipyard as a preferred bidder for joint local production of four ships: a 3400-ton frigate, a 2200-ton offshore patrol vessel and two 1500-ton landing ships. They are worth a total of US$462.9 million.HD HHI will design
LG Group has decided to invest approximately 100 trillion won domestically over the next five years. This figure represents a slight decrease from previous investments, with half of it allocated for artificial intelligence (AI), biotechnology, and batteries.On March 27, LG Corporation, the holding c
Pulmuone's Museum Kimchikan announced on the 24th that it will expand the number of kimchi experience programs for foreign visitors who want to experience Korean kimchi and kimjang culture from the existing 2 to 4 starting this month.As the number of foreign visitors interested in experiencing kimch
Hanwha Aerospace is working with the Korea Aerospace Research Institute to develop a next-generation launch vehicle (KSLV-III) that significantly improves on the performance of the Nuri (KSLV-II). Based on a public-private partnership, the company looks to strengthen its launch vehicle technology an
After the announcement of corporate value enhancement support measures, Kia, which had been recognized as one of the representative low Price-to-Book Ratio (PBR) stocks and had shown an upward trend, surpassed Hyundai Motor, often referred to as its “big brother” within the group, in market capitali
The National Pension Service (NPS) has come out against the reappointment of Cho Won-tae, president and chairman of Korean Air, as an inside director, sparking interest in the reasons behind the move.According to the aviation industry on March 17, the NPS’s Fund Management Committee is expected to v
Recently, there has been a trend where shareholder demands for increased shareholder returns have slightly subsided as proposals such as the retirement of repurchased stocks or dividend expansions were rejected at shareholder meetings. While companies have temporarily relieved the pressure by proact
LG Household & Health Care announced on March 10 that its cosmetics brand CNP has released new products in its flagship “Propolis” line, specifically targeting the Japanese market.CNP is selling new products, Propolis Vitamin Ampoule and Glow Ampoule, as well as two types of mist, at Ainz & Tulpe st
The author is an analyist for NH Investment & Securities. He can be reached at junsup@nhqv.com -- Ed.HGI’s 2023 dividend announcement fell somewhat short of market expectations. However, if sufficient profits available for dividend are secured through system improvements, an expansion of shareholder
Only 14 percent of South Koreans work in large companies, versus 58 percent of Americans.Koh Young-sun, a senior research fellow at the Korea Development Institute (KDI), presented this statistic in a report titled “A Need for More Large-Company Jobs” released on Feb. 27, emphasizing the need to exp
The author is an analyst for NH Investment & Securities. He can be reached at bk@nhqv.com -- Ed.Global stock markets have rallied of late, with the S&P500 surging for four months in a row. In February, the Kospi has outperformed other major markets. But, the fast market growth is likely to bolster p