Bibigo, a global Korean cuisine brand created by Cheiljedang, announced on Aug. 23 that it held various events to promote K-food at KCON 2022 LA, a Korean pop culture festival held in Los Angeles for three days from Aug. 19 to 21.This year, a sample tasting event was held at Bibigo Food Street to pr
Huawei has launched Asia Pacific Seeds for the Future 2022 in collaboration with ASEAN Foundation and Tourism Authority of Thailand (TAT). From Aug. 19 to 27, the program will bring together 120 outstanding students from 16 countries across the Asia Pacific region for a 9-day digital boot camp in Th
The author is an analyst of NH Investment & Securities. He can be reached at yongjin.seol@nhqv.com. -- Ed. While Korean Re usually reports fine earnings in 1H, the firm booked sluggish results in 2Q22 as catastrophe related losses increased sharply. Despite deteriorated earnings, we note that the fi
LG Display announced on Aug. 10 that it will participate in the 2022 Korea Display Exhibition with products powered by innovative technologies such as OLED.EX and transparent OLED panels.The Korea Display Exhibition marks its 21st anniversary this year. The show is the largest display industry exhib
Absolut Home, which opened in Seongsu-dong, Seoul, on July 7, has become the talk of the town as a new playground for grown-ups.Absolut Home is a pop-up store created at S Factory in Seongsu-dong from the premium vodka Absolut, one of the flagship brands of Pernod Ricard Korea. As we speak, a total
The authors are analysts of Shinhan Investment Corp. They can be reached at doyeon@shinhan.com and hyon@shinhan.com, respectively. – Ed. Decent 2Q22 earnings amid macro uncertaintiesSamsung Electronics posted operating profit of KRW14.1tr (-0.2% QoQ) on sales of KRW77.2tr (-0.7% QoQ) for 2Q22. The m
KT announced on July 20 that it has signed an MOU with Medi Plus Solution, a healthcare service company, to promote the telemedicine business in Vietnam.The two companies agreed to cooperate in the joint planning and development of non-face-to-face patient management services, verification of the de
A pre-season friendly match between Tottenham Hotspur FC and Team K League took place at Seoul World Cup Stadium on July 13, followed by a match with Sevilla FC at Suwon World Cup Stadium on July 16. At these matches, thousands of fans lined up for the AIA Korea booths to play games and win prizes.A
AIA Korea announced on July 14 the debut of ‘AI Sonny,’ an artificial intelligence-based ‘younger brother’ of the Tottenham Hotspur player Son Heung-min.As the AI-based spokesperson for AIA Korea, ‘AI Sonny’ will directly engage, educate and inspire AIA customers, agents and partners in Korea to imp
The author is an analyst of KB Securities. He can be reached at cygun101@kbfg.com. -- Ed. Maintain BUY on positive long-term risk ratio outlook, solid auto loss ratio; revise down TP to reflect 11.1% decline in BVPS and increase in COE We revise down our TP by 6.7% to KRW280,000. Our TP is based on
The embassy of the United Arab Emirates (UAE) in Seoul announced on June 23 that it is participating in Imported Goods Fair 2022 (IGF 2022), which opened on the day at the COEX Convention Center for a three-day run, to promote various products from the Middle East country.UAE Ambassador to Korea Abd
A groundbreaking ceremony will be held next month for the Yongin Semiconductor Cluster, which will become SK Hynix’s next-generation memory semiconductor production base. President Yoon Suk-yeol is expected to personally attend the event and announce the government’s comprehensive support strategy f
The author is an analyst of KB Securities. She can be reached at leesunhwa@kbfg.com. -- Ed. BTS announces indefinite hiatus— On Jun 14, BTS announced an indefinite hiatus via their FESTA dinner video on their YouTube channel, BANGTANTV.— Following the release of their anthology album, Proof, on Jun
Kolmar Korea announced that it was chosen as a winner of WorldStar Global Packaging Award 2022 for its eco-friendly cosmetics containers. Yonwoo, a company that was recently acquired by Kolmar Korea, was also among the winners of the award, which is the world’s most prestigious award held by the Wor
Park Hyatt Busan, where unique luxury wedding knowhow creates memorable customized ceremonies, presents an exceptional promotion for couples planning their weddings this Summer.Brides- and grooms-to-be signing wedding contracts by July 31, 2022 are offered a 50% saving on added venue tailoring, incl
LG Household & Health Care’s Whoo brand was highly evaluated in surveys conducted by global market research institutes.Whoo was ranked 21st in the global top 50 beauty brand rankings announced by Cosmetics Business, a British beauty magazine. It took the highest spot among Korean brands.It placed 28
Hyundai Mobis announced on May 22 that it has developed the world’s first variable display, which can move up and down, for an integrated driver’s seat system. The new display is optimized for self-driving vehicles.Variable displays are also called swivel displays because their screens move up and d
The author is an analyst of KB Securities. He can be reached at cygun101@kbfg.com. -- Ed. Earnings top market consensus/KB estimate; anticipation of better long-term loss ratio remains intact 1Q22 standalone NP topped the market consensus/our estimate by 14.8/7.3% on:(1) better-than-expected improve
K-food startup Lou et Lang has launched cup noodles in France in collaboration with Nongshim, which are available in 600 major hypermarkets in France including Monoprix and Carrefour.In September 2021, Lou et Lang’s French subsidiary, Maison de Corée, launched two types of cup noodles for the French
The author is an analyst of NH Investment & Securities. He can be reached at jooyh@nhqv.com. -- Ed. HDS’s department store earnings improved significantly in 1Q22, offsetting its disappointing DFS results. In 2Q22, its department store earnings should continue to strengthen, spearheaded by the fashi