The author is an analyst of KB Securities. He can be reached at joonsop.analyst@kbfg.com. -- Ed. 1Q21 earnings beat market consensus— LG Uplus reported preliminary earnings, with revenue at KRW3.42tn (+4% YoY, -2.9% QoQ), OP KRW275.6bn (+25.4% YoY, +57.1% QoQ) and NP attributable to controlling inte
India’s daily COVID-19 death toll hit an all-time high of 4,187 on May 8. On May 1, the number of newly confirmed infections in India topped 400,000 for the first time worldwide. Under the circumstances, South Korean companies in India, approximately 700 in number, are expanding telecommuting and he
The author is an analyst of NH Investment & Securities. He can be reached at dongyang.kim@nhqv.com. -- Ed. Family management of the group (centering upon Vice Chairman Lee Jae-yong) is to be reinforced via inheritance procedures that will entail meeting legal inheritance ratio requirements and addit
GM Korea sold 21,455 vehicles in April -- 5,470 units domestically and 15,985 units at overseas markets.The Chevrolet Trailblazer and the Chevrolet Spark led the company’s domestic sales last month. The Trailblazer became the brand’s best-selling model in Korea once again in April with 2,020 units d
LX Group has been launched as another business group controlled by the Koo family which founded LG Group.The group was founded by Koo Bon-joon, a former vice chairman of LG Group. He is the younger brother of Koo Bon-moo, the late LG Group chairman and the father of incumbent chairman Koo Kwang-mo.T
Samsung Group announced on April 28 that it would donate a large portion of the bequest from the late chairman Lee Kun-hee and pay its inheritance tax, approximately 12 trillion won, without omission. Under the circumstances, how his shares in the group will be distributed is drawing attention.He ow
The family of the late Samsung Electronics chairman Lee Kun-hee announced on April 28 its plans for the payment of all the taxes related to inheritance and to make philanthropic donations to uphold his legacy and contribute to the creation of a better society.Pledging to continue the late chairman’s
The Samsung Group owner family, including Samsung Electronics vice chairman Lee Jae-yong, is scheduled to disclose details regarding their inheritances from the late Samsung Group chairman Lee Kun-hee as early as April 27.The late Samsung chairman’s wealth includes shareholdings in Samsung Electroni
Neuron Mobility, a rental e-scooter operator and micromobility technology developer, announced on April 22 its partnership with the Citizens’ Coalition for Safety (CCS), a leading nonprofit safety organization, to promote safety in Korea’s shared e-scooter sector.The two parties held an MOU ceremony
The Samsung Group owner family is likely to adopt installment payment for the inheritance tax related to the late chairman Lee Kun-hee. Specifically, the family members are likely to pay one-sixth of the tax during the filing within this month and pay the rest for five years to come.The inheritance
More than 11,000 local customers visited CU Center Point, the first convenience store opened by CU in Kuala Lumpur, Malaysia during the first 10 days since its opening on April 1. An average of more than 1,000 people visited the convenience store a day, more than three times larger than that of CU s
The author is an analyst of KB Securities. He can be reached at joonsop.analyst@kbfg.com. -- Ed. Maintain BUY and TP of KRW260,000 We maintain BUY and our target price of KRW260,000 for Samsung SDS. Key investment points include the following:(1) Revenue for both IT Services and Logistics BPO have b
The stock price of Hyundai Mobis rose 5.66 percent to close at 317,500 won per share on April 8. The highest price and rate of increase in the session are 321,000 won and 7.36 percent, respectively. The latter is the highest since Jan. 8 this year.According to experts, the stock price was raised mai
The Fair Trade Commission (FTC) has launched an investigation into GS Group as it is suspected of providing unfair profits to the owner family through work funneling.The commission’s Corporate Group Bureau conducted an on-the-spot investigation at GS Caltex’s main office in Yeoksam-dong, Seoul, for
Neuron Mobility, a rental e-scooter company and micromobility technology developer, announced on April 1 that it will introduce a new e-scooter in collaboration with Studio Dummy, a design startup, from April 1 to April 25 in Seongsu-dong, Seoul.The two companies will introduce an e-scooter equipped
SK Telecom has declared a transformation into an artificial intelligence (AI) company. In addition, the company will finalize restructuring of its corporate governance to become an intermediate holding company by the end of 2021 in line with its plan to list its subsidiaries.SK Telecom disclosed the
n Issue age for key benefits expanded to 0–70 years old… new riders cover children until 100 years oldn New cancer diagnosis rider provides up to KRW 20 million coverage for specific cancers as well as cerebrovascular and ischemic heart diseasesn End-to-end support for a healthier lifestyle through
Hyundai Heavy Industries workers had a press conference on March 23 to criticize the company for law-evading corporate succession and profiteering and denounce the government and the political community for their lack of monitoring and supervision.“Hyundai Heavy Industries went through large-scale r
Ildong Pharmaceutical's owner family is being investigated by the prosecution for alleged stock price manipulation.The First Financial Investigation Division of the Seoul Southern District Prosecutors' Office recently raided the headquarters of Ildong Holdings and Ildong Pharmaceutical in Se
Neuron Mobility, Australia and New Zealand’s leading e-scooter operator, announced on March 4 that it will launch in Korea on March 5.The company is deploying 2,000 of its new Korean spec e-scooters starting in Gangnam, Seoul, and plans to refine operations before expanding to other parts of the cit