Amid the rising value of the U.S. dollar and the subsequent selling off to capitalize on profits, residents’ foreign currency deposits decreased by nearly $100 billion last month, marking a continuous decline for the second month in a row. Consequently, the foreign currency deposit balance shrank to
A forecast suggests that South Korea’s potential growth rate will fall below 2 percent for the first time this year and is expected to further decrease to 1.7 percent next year. The factors contributing to the decline in growth rate include issues related to low birth rates, an aging population, and
An ironic situation unfolds as foreign investors are rapidly withdrawing their investments from the domestic stock market, while the foreign ownership percentage of the total market capitalization on the KOSPI hits a 20-month high.According to the Korea Exchange on Oct. 22, the foreign ownership rat
The author is an analyst for NH Investment & Securities. He can be reached at minjae.lee@nhqv.com -- Ed.We expect LS ELECTRIC’s 3Q23 OP to miss consensus due to reduced investment in the semicon industry and fewer business days. However, with the business environment set to normalize over the mid/lo
Japan’s Mitsubishi Motors has decided to exit the Chinese market as local Chinese car brands dominate the scene, tarnishing the reputation of automobile powerhouses like Germany and Japan.According to a report by Japan’s NHK Broadcasting on Oct. 19, sources have indicated that Mitsubishi Motors has
Eco-friendly car exports, including hybrid, electric, and hydrogen vehicles, recorded US$18 billion in the first nine months of this year, outpacing the total eco-friendly car exports of US$16.1 billion in the previous year.According to a “September 2023 Automotive Industry Trends” report released b
Over the past month, it has been observed that 92 percent of the top 50 stocks with high short-selling turnover experienced declines in their share prices. This percentage is notably higher than the 84 percent of declining stocks in the overall Korean stock market, including the KOSPI and KOSDAQ. Th
It has been revealed that the five major domestic banks in South Korea – KB Kookmin, Shinhan, Hana, Woori, and NH Nonghyup – have increased their real estate investments in foreign countries by more than two-fold over the past two years.According to data received by Min Byeong-deok, a member of the
The U.S. Inflation Reduction Act (IRA) has been found to significantly impact the sales volumes of automobile manufacturers in the global electric vehicle (EV) market, excluding China.According to a study by the energy market research firm SNE Research, the number of EVs registered in regions outsid
Samsung Electronics and LG Electronics are set to reduce their LCD TV panel procurement ratio from Chinese companies starting next year. This move is interpreted as a strategy to stabilize supply chain management by decreasing reliance on the unstable Chinese panel market and to counteract Chinese e
Just last month, a substantial amount of approximately 11 trillion won (US$8.14 billion) in Korean won was withdrawn from the U.S. dollar deposits of the top five domestic commercial banks. It is analyzed that people exchanged dollars for won to capitalize on exchange rate differentials with the won
Samsung Electronics is considering the adoption of MicroLED technology for its Galaxy Watch. This move is perceived as a strategy to rapidly seize the MicroLED market while intensifying competition with the Apple Watch.On Oct. 16, Samsung Electronics announced through their newsroom that they are in
Hyundai Motor and Toyota, two major players that have been struggling in the world’s largest automobile market, China, are taking different paths. Hyundai Motor has recently considered outsourcing local car brand production as it played its “sell Chinese factories” card. On the other hand, Toyota ha
The author is an analyst for NH Investment & Securities. She can be reached at jiyoony@nhqv.com -- Ed.Even taking into account seasonality (3Q), we expect Cosmax to show encouraging non-consolidated sales growth for 3Q23. Noting valuation merit (versus cosmetics ODM peers), we maintain Cosmax as our
Samsung Electronics has decided to transition to a 200-layer NAND process at its NAND flash factory in Xi’an, China. The move to produce 236-layer products, which belong to the 8th generation of NAND, is seen as a strategic step to overcome a decline in performance due to sluggish global NAND demand
Foreign investors posted a net outflow of more than US$1.4 billion in Korean securities in September. September marked the second consecutive month of a net outflow.Foreigners posted US$1.43 billion in a net outflow from the Korean stock market in September, according to a report titled “Financial M
Amid increasing optimism about the semiconductor industry’s outlook, foreign investors have shown divergent strategies in the South Korean stock market this month, especially concerning major semiconductor players like Samsung Electronics and SK hynix. While investing over 260 billion won (US$193.31
The results of an analysis about third quarter 2023 market capitalization changes in the domestic stock market were released by CXO Research Institute, an organization specializing in Korean business analysis, on Oct. 11. Based on the analysis, the total market capitalization of the domestic stock m
Korea’s current account surplus reached US$4.81 billion in August, marking the fourth consecutive month of surplus. Although the goods balance posted the highest surplus in a year and five months, the surplus remained a recessionary one as imports fell more than exports. The Bank of Korea (BOK) fore
This year, South Korea is expected to record a growth rate lower than that of Japan. The International Monetary Fund (IMF) has maintained its earlier projection of 1.4 percent for South Korea’s growth rate this year. Japan’s growth rate projection for this year has risen to 2.0 percent, expected to