“Every Mercedes-Benz vehicle in the world has a piece of Korea in it,” said Ola Källenius, chairman of the Board of Management at Mercedes-Benz Group in an all-electric showcase meeting with local media at Shilla Hotel in Seoul on Aug. 24. “Korea is a very important market. I believe our cooperation
Koo Kwang-mo, the CEO of LG Group, has embarked on reviewing the progresses and strategies for cultivating future growth areas like biotechnology and artificial intelligence (AI).From Aug. 21 (local time) and over the course of four days, Koo visited Boston, the U.S., and Toronto, Canada, to assess
In the second quarter of this year, Korea’s net external financial assets (external financial assets minus external financial liabilities), which reflects the country’s external solvency, declined amid rising stock markets at home and abroad.However, Korea’s ratio of short-term external debt to tota
ABSOLUT premium vodka, Pernod Ricard Korea’s flagship brand, is collaborating with Sticky Monster Lab to open a pop-up space called ‘ABSOLUT Ground’ mix with Sticky Monster Lab at Common Ground near Konkuk University in Gwangjin-gu, Seoul.Our second pop-up space following last year’s ‘ABSOLUT Home’
The overseas subsidiary capital of Mirae Asset Securities has exceeded 4 trillion won (US$2.99 billion). It is the largest among domestic securities firms. The net profit earned overseas is also steadily increasing.According to the investment banking industry on Aug. 22, the capital of Mirae Asset S
Domestic TV manufacturers such as Samsung Electronics and LG Electronics have been holding a dominant position in the global market but are now showing signs of unease. This is because Chinese companies like TCL and Hisense have been aggressively competing with lower-priced offerings, rapidly erodin
The author is an analyst for NH Investment & Securities. He can be reached at kyuha.lee@nhqv.com -- Ed.Reflecting slower-than-expected downstream demand and a dampening in global peer valuations, we lower our earnings forecasts and TP for LGE. But, with the IT giant’s shares trading near the bottom
Midsize domestic automakers gearing up for electric vehicle production in South Korea are actively seeking partnerships with overseas battery suppliers from countries like China and Japan. This move comes as South Korean battery manufacturers, including the top three, are increasing their overseas i
The author is an analyst for Shinhan Securities. She can be reached at inhae.ji@shinhan.com -- Ed.Earnings hit a new high in 2Q23JYP Entertainment set new record-high earnings with sales of KRW151.7bn (+124% YoY) and operating profit of KRW45.7bn (+88% YoY) in 2Q23. Both sales and operating profit f
The market for Micro Light Emitting Diode (microLED) panels, emerging as a next-generation display, is a domain where the domestic display industry, which is even being chased by Chinese companies in the OLED sector, can showcase a dominant market share in the future based on their advanced technolo
The cargo business has become one of the variables in the merger of Korean Air and Asiana Airlines entering the home stretch. It remains to be seen if Korean Air’s high-stakes tactic of offering cargo planes to its rivals will be enough to satisfy overseas competition authorities.According to indust
Convenience store GS25 and food company Ourhome, who participated in the 25th World Scout Jamboree held in Saemangeum, Jeollabuk-do, have come under fire for their poor management.According to industry sources on the 8th, Ourhome, who operated the catering and concession stands, food trucks, etc., a
The author is an analyst for NH Investment & Securities. He can be reached at jooyh@nhqv.com -- Ed.We lower our TP on HHS to W60,000. However, considering the value of its cash equivalents and equity holdings, the firm’s EV points to significant undervaluation.Lower TP to W60,000We lower our TP for
The author is an analyst for NH Investment & Securities. He can be reached at jooyh@nhqv.com -- Ed.We raise our TP on CJCJ to W430,000. Believing that the company has passed the bottom in terms of earnings, we see now as being a dip-buying opportunity from a turnaround perspective. A strengthening i
With superior image quality compared to Liquid Crystal Display (LCD) TVs, the Organic Light Emitting Diode (OLED) TV market, having entered a robust growth phase, is seeing a rise in ultra-large models, those 70 inches and above. This trend reflects the growing preference in the TV market for ultra-
The author is an analyst for NH Investment & Securities. She can be reached at jiyoony@nhqv.com -- Ed.C&C International achieved its highest-ever quarterly sales in 2Q23, chalking up strong top-line growth in North America (+225% y-y), China (+246% y-y), and at home (+49% y-y). We believe that this
Large Korean companies such as Samsung Electronics, SK hynix and Hyundai Motors spent a record amount of money on lobbying in the United States in the first half of this year, according to OpenSecrets, a nonprofit political fund tracking organization. This is due to the fact that not only U.S. compa
“I was curious about Korean chicken and ramen, and it was really great to see the process and taste them. The flavor was surprisingly good.”Chloe Sears from the U.K., participating as an International Service Team (IST) member at the 2023 Saemangeum Scout Jamboree, visited Harim Food Road on Aug. 3
SPC Group’s Paris Baguette has announced that it has been ranked 37th in the “Top Global Franchises” selected by the U.S.-based business magazine “Entrepreneur” in 2023.Entrepreneur, a business magazine representing the U.S. alongside Forbes and Fortune, recently announced the top 200 global brands
The author is an analyst for Shinhan Securities. He can be reached at yjjung86@shinhan.com -- Ed.After-sales parts division entering the home stretch to recoveryThe key variable determining auto sector earnings has been shifting from ASP levels (inflation) in 2022 to the normalization of supply chai