Global beauty tech company APR (CEO Kim Byung-hoon) announced on Jan. 25 that it has achieved record-breaking year-end performance in its promotion in the United States, the largest beauty market in the world.APR explained that it achieved US$24.2 billion in sales in the United States from November
Indiscriminate attacks by Yemen’s Islamist Houthi rebels have forced major shipping companies to divert their routes around the Cape of Good Hope off the southern tip of Africa instead of the Suez Canal in the Red Sea, costing them up to US$1.5 million to US$2 million more in fuel costs per ship, ac
Paris Baguette, the bakery brand of SPC, has continued its global marketing efforts by launching an advertisement in the heart of New York City’s Times Square ahead of Christmas. This move comes after Paris Baguette had previously operated a Korean-language advertisement at the stadium of the French
Fairmont Ambassador Seoul is pleased to announce its festive collaboration with Perrier-Jouët, culminating in the unveiling of an exquisite Christmas tree in the hotel lobby.Conceived with a radiant holiday concept, the tree is meticulously crafted using transparent champagne glasses as its central
Cornerstone at Park Hyatt Seoul, located on Gangnam's Teheran Road, unveils two festive delights: Christmas Wreath Cake and Fresh Cream Strawberry Cake.The Christmas Wreath Cake, harmonizing traditional red and green colors, symbolizes everlasting happiness and prosperity. Crafted with two exception
Legoland Korea Resort announced the unveiling and lighting ceremony of the country’s first giant Christmas tree made of Lego bricks, standing at 9 meters in height, on Nov. 24.Located in the Brick Street Square of Legoland, the Lego Christmas Tree reaches an impressive height of 9 meters and 83 cent
The author is an analyst of NH Investment & Securities. He can be reached at minjae.lee@nhqv.com. -- Ed. In 2022, India produced 860mn tons of coal (+13% y-y), making it the second-largest consumer of coal after China. The produced coal is mainly used for domestic demand, with more than 75% used for
The entire ‘Gourmet 494 Hannam’ located in Yongsan, Seoul is transforming into a one-of-kind pop-up station for Ballantine’s Single Malts Glenburgie.Pernod Ricard Korea announced on Dec. 1 that it would run ‘Ballantine’s Single Malts Glenburgie Station’ at a premium lifestyle platform ‘Gourmet 494 H
Spotify - the world’s most popular audio streaming subscription service - released its annual Wrapped campaign this year, unveiling a series of data on how fans worldwide listened this year. And as part of the 2022 Wrapped, Spotify also disclosed how the world listened to the K-pop genre specificall
The author is an analyst of KB Securities. She can be reached at leesunhwa@kbfg.com. -- Ed. September preliminary revenue at KRW267.1bn (+17.1% YoY), OP at KRW48.5bn (+5.4% YoY; 18.2% OPM)— Orion posted September preliminary revenue of KRW267.1bn (+17.1% YoY) and OP of KRW48.5bn (+5.4% YoY; 18.2% OP
The author is an analyst of NH Investment & Securities. He can be reached at sw.kang@nhqv.com. -- Ed. Last week, BOK Governor Lee Ju-yeol stated that as Korea hiked rates early, domestic monetary policy is under less pressure from Fed tightening. This shows that Korea’s rate hike cycle has passed it
The LG AI Research Institute held an online talk show and concert to mark the first anniversary of its establishment on Dec. 14. During the event, the lab unveiled EXAONE, a super-giant AI program. Researchers at the lab created EXAONE by making an excellent Korean AI learn the world’s largest amoun
AIA Korea is donating winter care packages to low-income communities who often find the increase in energy costs challenging during the cold winter season. The company will provide household items made by employees, making corporate social responsibility a personal and valuable experience.On Dec. 9,
The author is an analyst of KB Securities. He can be reached at drlee@kbfg.com. -- Ed. Upgrade to BUY, target price unchanged at KRW69,000 We maintain our TP at KRW69,000 (KRW340,000 prior to stock split), but we upgrade Pearl Abyss to BUY, as upside has increased following the recent pullback. We d
The author is an analyst of KB Securities. He can be reached at joonsop.analyst@kbfg.com. -- Ed. Maintain BUY and target price of KRW260,000 We maintain BUY and our TP of KRW260,000 for Samsung SDS. Our investment points are: (1) The company’s various business models coincide with current major tren
The author is an analyst of NH Investment & Securities. He can be reached at ys.hwang@nhqv.com. -- Ed. Petrochemical product spreads are continuing to expand in November. Demand is remaining solid thanks to Covid-19 and expected year-end shopping season effects. Amid suspensions in operations at sev
Hyundai Mobis announced on Oct. 7 that it has made a strategic investment in Envisics, a U.K.-based global leader in augmented reality head-up display (AR HUD).AR HUD is a next-generation safety convenience feature that matches driving information with the road ahead in real-time and projects it ont
The author is an analyst of KB Securities. He can be reached at cm.lee@kbfg.com. -- Ed. Positive expectations drive stock price up 9.5% DoDBH stock price soared 9.5% DoD (vs. June 3 close @ KRW18,350) on expectations of (1) likely benefits to come from a North American client’s launch of its flagshi
Hanjin Group chairman Cho Won-tae and his mother, Jeongseok Group advisor Lee Myung-hee, have issued a joint apology for the uproar that erupted during their Christmas meeting."We deeply apologize for the unfortunate incident that took place last Christmas at Lee’s residence," the two said in a join
Dulwich College Seoul’s combined choirs and musical ensembles totaling 120 students performed Christmas carols at the Seochu-gu campus on the evening of Dec. 10. The performers, who range in age from eight to 18 years, sang traditional Christmas carols such as “Deck the Halls” and “Joy to the World”