Chinese online retail giant AliExpress has emerged as the fastest-growing app in South Korea this year. According to WiseApp, an app and retail analytics service, AliExpress is the app that has had the most users in South Korea over the past year. AliExpress had only 3.36 million users in January, b
Pernod Ricard Korea, the Korean affiliate of the global wine and spirits company Pernod Ricard, announced on November 9 that it has been recertified by the Ministry of Culture, Sports and Tourism and the Arts Council Korea as an ‘Exemplary institution sponsoring culture and arts.This certification p
Chairman Kang Seok-hoon of Korea Development Bank has expressed his intention to not push for a forced sale in connection with the shipping company HMM. Regarding the merger of Korean Air and Asiana Airlines, he mentioned the possibility of a low recovery of public funds and put pressure on the Asia
The author is an analyst for Shinhan Securities. He can be reached at jk.ahn@shinhan.com -- Ed.US government and Fed seek to bring down inflation without a recessionThe US Fed is seeking to stabilize inflation at lower levels without a recession in hopes of avoiding a repeat of the 1970s. It has rai
Harim, Dongwon, and the LX Group have actively joined the acquisition battle for HMM. Hapag-Lloyd, the largest shipping and container transportation company in Germany, is also participating in the preliminary bidding.According to the investment banking (IB) industry on Aug. 21, Korea Development Ba
The long-awaited process of selling HMM, considered a major player in the merger and acquisition (M&A) market with an estimated value of up to 5 trillion won (US$3.91 billion), has officially commenced.On July 20, the Industrial Bank of Korea (IBK) and the Korea Ocean Business Corporation (KOBC) iss
It has been pointed out that the prices of carbon credits that companies with excessive greenhouse gas emissions must purchase have dropped significantly, making the system less effective. In other countries, such as the European Union (EU), their prices are on the uptick due to the strengthening of
The Korean e-commerce market is facing another big change. With Coupang’s dominance solidifying with its quarterly surplus, Qoo10, which owns Tmon and Interpark Commerce, took over WeMakePrice, reorganizing the Korean e-commerce market.According to sources in the Korean e-commerce industry on April
During the Global MBB Forum 2022, David Wang, Huawei's executive director of the board and chairman of ICT Infrastructure Managing Board delivered a keynote speech titled Stride to 5.5G: The foundation of the future.Wang noted how the industry has made significant progress and is ready to make t
The author is an analyst of NH Investment & Securities. He can be reached at jooyh@nhqv.com. -- Ed. Contrary to peak-out concerns, Lotte Rental should continue to log record-high quarterly earnings in 3Q22. In addition, the firm’s online B2C platform is scheduled to open in October.Online B2C platfo
The author is an analyst of NH Investment & Securities. He can be reached at jooyh@nhqv.com. -- Ed. Despite peak-out concerns, record-high quarterly earnings are set to continue for Lotte Rental in 2Q22.Situation differs from that of Carvana- We maintain a Buy rating and TP of W61,000 on Lotte Renta
MBK Partners has reportedly entered a race to take over Toshiba Corp., one of the largest conglomerates in Japan, which put itself up for auction in April after years of sluggish business. MBK Partners recently sent a letter of intent to Toshiba. Apart from MBK Partners, non-Japanese potential inves
The author is an analyst of Shinhan Investment Corp. He can be reached at ym.ko@shinhan.com. -- Ed. 2022 likely to be different from 2021Companies saw a meaningful rebound in both earnings and share prices in 1H21 on the start of shipments to Samsung Electronics for equipment bound for Verizon. Howe
Ace Technology, a wireless communication equipment company, announced on Feb. 13 that it has been selected as the No. 1 supplier of base station antennas for the world’s No. 2 telecommunication service provider.Ace Technology will supply half of the total volume offered in the 2022-2023 base station
The author is an analyst of NH Investment & Securities. He can be reached at jooyh@nhqv.com. -- Ed. In addition to Lotte Rental chalking up its highest-ever quarterly OP in 4Q21, another favorable investment point is the company’s online used car B2C platform plans. The firm’s share price is primed
Sisley-L, a global artist and NFT expert who became famous by winning the highest bid for a young artist at a Christie's auction, is attending one of the world's top 3 art shows, the LA ART Show. In the past, she attended an invitational exhibition at SAATCHI Gallery, London, with which worl
The author is an analyst of NH Investment & Securities. He can be reached at jooyh@nhqv.com. -- Ed. Stable growth continues at Lotte Rental’s auto rental business. We anticipate record-high earnings in 4Q21 thanks to an uptick in auctions following the Chuseok holidays.Used car market boom continues
The author is an analyst of NH Investment & Securities. He can be reached at jooyh@nhqv.com. -- Ed. Lotte Rental’s share price has fallen on concerns over an earnings peak-out; however, we expect the firm’s earnings growth to sustain into 2022. From a valuation viewpoint, the shares look appealing.A
Korean artist Sisley-L has been designing and painting art pieces for the past 16 years. Using art as a platform, she is supporting world peace initiatives and exploring the NFT space.To date she has opened exhibitions all over the world, including New York City, Hawaii, Manila, Singapore, Hong Kong
The auction of two sites in Arizona ended without a bid on April 21. The two sites were expected to house Samsung Electronics’ new semiconductor manufacturing plant in the United States, but Samsung Electronics and other companies did not participate in the tender.One of the sites is located in Good