Hahn & Company, South Korea’s largest private equity firm, announced today that it has acquired 100% of the SK Group’s semiconductor fine ceramics business for US$270 million (KRW360 billion). Under Hahn & Co.’s ownership, the company will operate under a new name, Solmics.Solmics produces high-puri
HD Hyundai XiteSolution announced on Jan. 11 (local time) that it has signed a memorandum of understanding (MOU) with CNH, a leading global company in agriculture and construction machinery, at the CES 2024 event in Las Vegas, Nevada, in the U.S. The MOU focuses on establishing a joint research cent
On Jan. 10 (local time), Park Jeong-won, the chairman of Doosan Group, visited the CES 2024 event at the Las Vegas Convention Center in the United States. Accompanying him were several top executives, including Park Ji-won, vice chairman of the Group; Scott Park, vice chairman of Doosan Bobcat; Jeon
The author is an analyst for NH Investment & Securities. He can be reached at jiyoony@nhqv.com -- Ed.In 3Q23, Youngone’s OEM division sales slowed down first time in 10 quarters. Given the industry-outpacing OEM sales clip over the past 2 years, short-term negative effects are inevitable. But, given
Hahn & Company (“Hahn & Co.”), South Korea’s largest private equity firm, announced today that it has signed definitive agreements with SK Group’s affiliate, SKC, to acquire its fine ceramics business for KRW360 billion (US$267 million).SKC’s fine ceramics business produces high-purity quartz and si
Hanwha Systems has obtained the rights to fully assemble radios of Collins Aerospace, a U.S. aerospace systems expert, in South Korea through a Complete Knock-Down (CKD) process. This marks the first time Collins Aerospace has permitted the setup of a CKD facility outside of the United States.On Oct
The U.S.-China semiconductor battle has escalated into a “mineral war.” China, possessing core materials for semiconductors and electric vehicle batteries, is playing its mineral export restriction card in response to U.S. controls on semiconductor technology. Concerns over China’s weaponization of
The author is an analyst for NH Investment & Securities. She can be reached at jiyoony@nhqv.com -- Ed.Youngone’s OEM business delivered 1Q23 OPM of 27.8%, a level comparable to that during a peak season. Backed by solid order flow, brisk earnings momentum should sustain in 2Q23. With the firm’s shar
Ballantine’s, the world’s number 2 Scotch whisky, and believers of investing in time, unveils its stunning new 40 Year Old Masterclass Collection; a precious series that will see the annual release over five years of five exceptional expressions of Ballantine’s 40 Year Old whisky.Serving as a tribut
The author is an analyst of NH Investment & Securities. She can be reached at jiyoony@nhqv.com -- Ed.Despite the recession, Youngone is forecast to report solid 1Q23 earnings, as it retains a number of trend-matching brands. With the shares trading at a 2023E P/E of only 4.8x, we recommend buying th
A consortium led by Ingine, an eco-friendly wave power generation social venture supported by SK Innovation, and Ingine Wave Energy Systems (IWES), Ingine’s subsidiary in the United Kingdom, has been selected for Energy Catalyst Round 9 (ECR9), a corporate technology innovation support program by th
The Korea Chamber of Commerce and Industry and 12 South Korean business groups, including Samsung, SK, Hyundai Motor, LG, Lotte and Hanwha, hosted Korea Night 2023 in Davos, Switzerland.The event was to help Busan become the venue of Expo 2030. South Korean President Yoon Suk-yeol attended it, too.T
The author is an analyst of NH Investment & Securities. She can be reached at jiyoony@nhqv.com. -- Ed.Youngone is forecast to report consolidated 4Q22 OPM of 18%, backed by solid OEM earnings and improved SCOTT margins. Proving its competitiveness, the firm likely outperformed all global apparel OEM
Pernod Ricard Korea has released the new high-end collection of the prestige whisky ‘Royal Salute’, ‘Royal Salute 30 Year Old (Royal Salute 30YO – Key to the Kingdom)’.Royal Salute has been leading the innovation of Scotch whiskey based on the know-how accumulated over many years, presenting the lin
EOFlow Co., a provider of wearable drug delivery systems (DDS), announced on Oct. 24 that it would invest 36.9 billion won in its U.S. subsidiary EOFlow, Inc.The majority of this investment in EOFlow, Inc., approximately 31 billion won, will be used for collecting loans given by EOFlow to its U.S. s
Korea Trade Insurance Corp. (K-SURE) announced on Sept. 22 that it will provide US$1.2 billion (about 1.7 trillion won) in financing for a network construction project promoted by Verizon, a U.S. mobile carrier. Samsung Electronics has signed a contract with Verizon to supply 5G network equipment wo
The author is an analyst of NH Investment & Securities. She can be reached at jiyoony@nhqv.com. -- Ed. In 2Q22, Youngone achieved record-high OPMs at both the OEM and SCOTT businesses. As of 3Q22, orders are increasing in US dollar terms. We favorably view the firm’s valuation merit, given the enter
The author is an analyst of NH Investment & Securities. She can be reached at jiyoony@nhqv.com. -- Ed. Youngone’s OEM business should fare better this year, as major clients are entering inventory restocking cycles. The firm is predicted to: 1) display earnings stability via diversification of produ
The author is an analyst of Shinhan Investment Corp. She can be reached at hpark@shinhan.com. -- Ed. 4Q21 results top expectations on unexpectedly strong OEM salesYoungone posted consolidated operating profit of KRW122.7bn (+153.8% YoY) on sales of KRW751.5bn (+28.6% YoY) for 4Q21, far exceeding our
Some members of the ruling Democratic Party are boycotting Starbucks following Shinsegae Group vice chairman Chung Yong-jin’s "crush commies" comments.On Jan. 11, Rep. Jin Sung-joon of the Democratic Party shared an article by Kim Ho-ki, a sociology professor at Yonsei University, on his Facebook pa