Hyosung Group promoted president Cho Hyun-sang to vice chairman on Feb. 4.The promotion came about four years after Cho was promoted to president in January 2017.Having worked as a consultant at the Japanese subsidiary of Bain & Company, Cho took part in a restructuring of Hyosung Group when Korea w
The Financial Services Commission announced on Feb. 3 that the temporary short selling ban in the South Korean stock market would be lifted in part on May 3 instead of March 15 and short selling of the stocks constituting the KOSPI 200 and KOSDAQ 150 indices would be resumed on May 3.“We changed the
The Financial Supervisory Service (FSS) has reportedly asked the prosecution to investigate Hana Financial Investment CEO Lee Jin-kuk for alleged violations of the Financial Investment Services and Capital Markets Act.Lee is charged with early buy-in. He is suspected of trading stocks using undisclo
The author is an analyst of Shinhan Investment Corp. He can be reached at eoyeon.hwang@shinhan.com. -- Ed. 4Q20 OP likely in line at KRW63.4bn (+0.7% QoQ)We now expect Pan Ocean to report operating profit of KRW63.4bn (+0.7% QoQ) on sales of KRW591.2bn (-6.8% QoQ) for 4Q20, meeting the consensus est
The author is an analyst of Shinhan Investment Corp. He can be reached at eoyeon.hwang@shinhan.com. -- Ed. Ocean shipping in favor in 2021, shipbuilding in 2022; top pick is Pan OceanSince the development of COVID-19 vaccines, shipbuilding and ocean shipping stocks have been following a similar patt
The author is an analyst of NH Investment & Securities. He can be reached at minjae.lee@nhqv.com. -- Ed. In the domestic cement industry, we expect cost savings from increased demand for cement, price hikes, and investment in alternative fuel-based facilities to appear one by one from 2021. Expectin
The author is an analyst of NH Investment & Securities. He can be reached at junsup@nhqv.com. -- Ed. Although Mirae’s 4Q20 results came in below consensus, we attach no significance, noting the booking of several one-off items. The firm should enjoy solid 2021 earnings on accelerated money movement
The author is an analyst of NH Investment & Securities. He can be reached at sw.kang@nhqv.com. -- Ed. The effects of fiscal spending deployed in January are to be seen in February, continuing the uptrend of inflation expectations. Long-term US TB yields should rise gradually. Domestically, the MPC w
KB Kookmin Bank's commercial featuring BTS has become a smash hit in Indonesia.The bank announced on Feb. 1 that the ad surpassed 20 million views on YouTube, Facebook and Instagram in about a month since its appearance in Indonesia.After watching the ad video, Indonesians posted positive commen
The author is an analyst of NH Investment & Securities. He can be reached at ys.hwang@nhqv.com. -- Ed. SK Innovation has decided to construct a third rechargeable battery plant in Hungary, a move which should help push up its rechargeable battery production capacity (2023F: 85GWh → 2025F: 125GWh). W
While SsangYong Motor's future is on the line, concerns are growing about the future of GM Korea and Renault Samsung Motor, the remaining foreign carmakers producing cars in Korea.The two companies' parents are implementing belt-tightening measures amid a massive conversion to electrificatio
SsangYong Motor is seeking to attract US$250 million in investment from U.S. auto retailer HAAH Automotive.SsangYong Motor and HAAH Automotive will sign an investment agreement in early February at the earliest and submit a pre-packaged bankruptcy plan (P-Plan) to the court.A prepackaged bankruptcy
LG Energy Solutions holds the largest number of patents for electric vehicle (EV) batteries that are officially registered with the patent offices of major countries around the world.LG Energy Solution's EV battery patents (excluding utility patents) registered with patent offices in Korea, Japa
As Choi Yoon-ho, chief financial officer of Samsung Electronics, officially announced the company’s plan to aggressively pursue M&A deals at a conference call on Jan. 28, the M&A market is turning its eyes to the automotive semiconductor industry.NXP in the Netherlands, Texas Instruments (TI) in the
SK Hynix has completed its new semiconductor fabrication plant M16 at its headquarters located in Icheon, Gyeonggi Province, South Korea.The company held a completion ceremony at the Ichon complex on Feb. 1 as SK Group’s internal event in order to adhere to the COVID-19 containment measures.A total
The author is an analyst of NH Investment & Securities. He can be reached at dongyang.kim@nhqv.com. -- Ed. Amid accelerating digitalization, the mid/long-term growth potential of Samsung SDS’s strategic IT service business stands out. As IT investment, which contracted due to Covid-19, is recovering
The author is an analyst of NH Investment & Securities. She can be reached at michelle.cho@nhqv.com. -- Ed. NHN KCP is garnering attention amid the payment service paradigm shift induced by Covid-19, as its PG and online VAN businesses are benefiting and its business portfolio is diversifying to inc
Whether to extend the ban on short selling will be decided in February. The ban is slated to come to an end on March 15. Controversy is heating up over the resumption of short selling amid opposition from politicians and individual investors who assert that short selling only gives advantages to for
Shinhan Bank announced on Jan. 28 that it has signed a memorandum of understanding (MOU) with BitGo, a U.S. digital asset financial services company, and Korea Digital Asset Custody (KDAC) to establish a cooperative system in the digital asset sector."We signed the MOU to expand our global virtual a
Samsung Electronics announced its performance in 2020 on Jan. 28. The company’s annual operating profit stood at 35,993.9 billion won, up 29.62 percent from a year ago, on sales of 236.807 billion won, a 2.78 percent increase and the third highest ever.Semiconductors were the top contributor to the