Harim, Dongwon, and the LX Group have actively joined the acquisition battle for HMM. Hapag-Lloyd, the largest shipping and container transportation company in Germany, is also participating in the preliminary bidding.According to the investment banking (IB) industry on Aug. 21, Korea Development Ba
The Korean government will issue yen-denominated foreign exchange stabilization bonds, also known as samurai bonds, for the first time since the 1998 foreign exchange crisis in Korea. Private investors, including major Japanese banks, are being targeted. They are expected to help Korean companies to
A lot of attention is being paid to whether ARM, a British fabless company and subsidiary of SoftBank, which is led by Chairman Masayoshi Son, will be able to succeed in going public in the United States with support from major global companies such as Samsung Electronics, Apple, and Intel.According
The author is an analyst for NH Investment & Securities. She can be reached at yd.yoon@nhqv.com -- Ed.Kiwoom Securities opted to reflect CFD provisioning in one swoop, relieving short-term burden. With retail investors continuing to trade briskly in 2H23, related profits should expand in 3Q23. With
Lotte Chemical’s share price plummeted to its lowest level of the year on Aug. 9. Goldman Sachs, providing a bearish outlook, set a target price of 100,000 won for Lotte Chemical, suggesting it could fall about 30% more, after it had dropped over 6% on the day.According to the Korea Exchange, Lotte
The author is an analyst for Shinhan Securities. He can be reached at jk.ahn@shinhan.com -- Ed.Steep rate hikes and reduced bond issuance accelerate yield curve inversionA surge in short-term yields caused by steep base rate hikes is the first reason why we are seeing a sharper yield curve inversion
It has been found that the foreign ownership percentage of top market capitalization stocks has increased this year. Notably, foreign investors have extended their financial commitments into the domains of defense and construction.According to data released by the Korea Exchange on Aug. 2, the numbe
In the past month, the amount of short-selling in the domestic stock market reached its highest level ever. The surge in stock prices was triggered by a large influx of investment in secondary batteries, mainly led by individual investors.According to KOSCOM on Aug. 1, the total short-selling volume
Eight domestic insurance companies invested more than 400 billion won (US$312.74 million) in the construction of the world’s largest biomass power plant in the U.K. However, due to delays in construction and operation, they had to write off over half of the invested funds, resulting in significant l
CJ CheilJedang announced on July 31 that it has sold its entire stake in the Chinese food subsidiary Jixiangju. This is a strategic move to accelerate the growth of K-food and strengthen financial soundness through “selection and focus.”The sale price is approximately 300 billion won, and the buyers
Hyundai Motor once again achieved a record-breaking quarterly performance, surpassing 4 trillion won (US$3.14 billion) in operating profit for the second quarter of this year. Despite this remarkable feat, the company’s stock price on the KOSPI market remains stuck in a holding pattern.On July 26, H
SK Inc. announced that its board of directors (BOD) held a meeting on July 26, in which the board declared to distribute an interim dividend of KRW 1,500 per share, matching last year’s payout. The total interim dividend payout amounts to approximately KRW 83.6 billion. SK Inc. has been distributing
Foreign investors showed a substantial net sell-off of approximately 1.35 trillion won (US$1.06 billion) in the equity market. Despite the foreign selling pressure, the market experienced a slight uptick, primarily driven by robust net buying from individual investors.According to Korea Exchange on
Since its statistical tracking began in June 2012, foreign currency deposits in Japanese yen have seen their most significant upswing. This surge is attributed to the “YenTech” boom, where investors seek to gain exchange rate profits as the value of the yen rises.According to “Foreign Currency Depos
The author is an analyst for Shinhan Securities. He can be reached at jaewonjeong@shinhan.com -- Ed.2Q23 preview: Earnings to come in line with market expectationsWe now expect GC Biopharma to post consolidated sales of KRW437.1bn (+3.3% YoY) and operating profit of KRW20.3bn (+55.2% YoY, operating
Singapore’s sovereign wealth fund, GIC, is teaming up with domestic institutional investors to undertake a substantial data center project. Despite challenging investment market conditions due to factors like consecutive interest rate hikes, data centers are gaining popularity as a stable and attrac
SK hynix, the developer of the world’s first 12-layer HBM3 product, is targeting to double the sales of high bandwidth memory (HBM) and double data rate (DDR) 5, essential components for AI servers, next year.According to industry sources on July 20, at a recent private corporate briefing (IR) for m
Both domestic and global information technology (IT) giants are now joining pharmaceutical and biotech companies in utilizing artificial intelligence (AI) for drug development. Some AI drug development firms are currently in the process of going public through initial public offerings (IPOs).Accordi
Nextrade (NXT), a preparatory corporation for an alternative exchange, has received preliminary approval for an investment brokerage license from the Financial Services Commission (FSC) on July 19. As early as the beginning of 2025, it will be possible to trade listed stocks, such as Samsung Electro
Elliott Management, a U.S.-based private equity fund, criticized the South Korean government’s decision to file an appeal lawsuit against an international investment dispute decision, saying that “the rejection of the decision sends the wrong message that South Korea is tolerant of corruption.” The