A court has issued a non-compete injunction against a former HBM researcher from SK hynix who moved to an executive position at Micron, a competitor in the United States. The decision was made to prevent potential damage from the leakage of SK hynix’s core technologies. SK hynix holds a dominant mar
As the shareholder meeting season approaches in March next year, activist funds are gearing up for more assertive actions. Some stocks targeted by activist funds are experiencing price fluctuations in anticipation of the resolution of undervaluation. The securities industry is anticipating that shar
The ongoing merger process between Korean Air and Asiana Airlines, which has persisted for three years, has crossed a significant threshold. Korean Air’s proposal to divest Asiana Airlines’ cargo division has been approved by the board of Asiana Airlines, a strategic move to meet the requirements se
The author is an analyst for NH Investment & Securities. He can be reached at pk.park@nhqv.com -- Ed.Lonza presents disappointing earnings guidance at Capital Markets Day eventAt its Capital Markets Day event on Oct 17 (local time), Samsung Biologics’ peer Lonza presented its mid/long-term growth pr
The author is an analyst for NH Investment & Securities. He can be reached at pk.park@nhqv.com -- Ed.The bio industry has failed to rebound after the slowdown in antibody drug market growth in 2022. However, large CMOs are expected to start a turnaround, led by Alzheimer's antibody treatments, ADCs,
Last year, three out of every ten LG Electronics employees in their 20s voluntarily resigned. As a result, there is an increase in new hires among those in their 20s.According to LG Electronics’ Sustainability Report on Aug. 13, the company had a total of 72,652 employees worldwide last year. The nu
Hyundai Motor’s labor union will join a general strike to be staged by the Korean Confederation of Trade Unions (KCTU) by going on a partial strike on July 12.According to industry sources on July 11, Hyundai Motor Company’s labor union will join the general strike by the KCTU on July 12. The union
It was recently confirmed that Kia Motors filed a lawsuit against the union executives who, without any grounds for dispute, illegally went on strike, causing severe financial damage to the company. Despite not undergoing any dispute resolution procedures with the Labor Commission, the Kia Union lau
The author is an analyst for Shinhan Securities. He can be reached at bh.lee@shinhan.com -- Ed.1Q23 review: Sales and operating profit worse than expectedIncross posted consolidated sales of KRW10.3bn (+10.2% YoY) and operating profit of KRW2.2bn (+21.1% YoY, operating margin of 21.2%) in 1Q23, miss
Members of CJ Logistics' labor union staged a sit-in at the company's main office building in Jung-gu, Seoul on Feb. 10.“About 200 members of the Door-to-Door Delivery Service Workers’ Labor Union stormed into CJ Logistics' headquarters and illegally occupied the lobby and some office sp
KakaoPay CEO Ryu Young-joon is facing severe criticism after his stock option exercise. Although he apologized, more and more people are opposed to him becoming a co-CEO of Kakao, which is scheduled for March, and calling for his resignation.On Dec. 10, the eight KakaoPay executives including Ryu so
An executive in charge of software at Samsung Electronics' network division has recently submitted his resignation to the company to transfer to Coupang. The executive previously worked in the company’s wireless business division. He was promoted to an executive in 2017 and took part in the deve
Kim Jung-soo, president of Samyang Foods, is making all-out efforts to regain public trust the company lost due to a major embezzlement scandal. After announcing a plan to introduce a compliance system in February, the company recently announced that it will set up an ESG committee.In particular, Ki
The Solidarity for Economic Reform said on Feb. 9 that Samsung Electronics vice chairman Lee Jae-yong, who has been sentenced to 30 months in prison, must no longer be a Samsung Electronics executive.“According to the Act on the Aggravated Punishment, etc. of Specific Economic Crimes, any person pun
Conflicts over a Korean Air-Asiana Airlines merger are continuing between Hanjin Group teaming up with the Korea Development Bank (KDB) and the alliance of activist private equity fund KCGI, former Korean Air vice president Cho Hyun-ah and Bando Engineering & Construction. The two sides are issuing
The head of the government commission in charge of spent nuclear fuel management policy review suddenly resigned on June 26, saying that discussions in the absence of locals and civic organizations would lead to fairness-related problems down the road. The South Korean government’s spent nuclear fue
As Chung Mong-koo, chairman of the Hyundai Motor Group stepped down as chairman of the board of directors, senior vice chairman Chung Eui-sun is expected to further solidify his position. Therefore, stronger winds of changes and reforms are expected to blow at the Hyundai Motor Group. But it remains
Listed companies are expressing concerns over the recently revised enforcement decrees of the Commercial Act and the Capital Markets Act, which are scheduled to take effect next month.According to the former decree, the term of an outside director in a listed company cannot exceed six years and it i
Former U.S. National Security Adviser John Bolton will visit South Korea to meet with institutional investors. He is currently an advisory member of Rhone Group, an American private equity fund.Rhone Group is scheduled to have meetings with institutional investors such as the Public Officials Benefi
The nation has been split into two groups, and the conflict and confrontation between them are getting worse without being addressed by politics as a system. The President is at the center of the conflict and division, and the politics of division in the streets is taking the place of systemic party