Kakao has decided to take a step back in its conflict with Google over forced in-app payment by giving up its outlink payment method. As a result, a prolonged suspension of Kakao Talk updates or the deletion of Kakao Talk application in the app market is unlikely to take place.Kakao officials met wi
The Huawei ICT Competition 2021-2022 Global Final in Shenzhen drew to a close on June 25. This year marks the sixth Huawei ICT Competition, which included three competitions – Practice, Innovation and Industry – attracted 150,000 students from more than 2,000 universities in 85 countries and regions
The authors are analysts of Shinhan Investment Corp. They can be reached at snowKH@shinhan.com and wonyong.sim@shinhan.com, respectively. -- Ed. 2Q22 sales to come in at KRW569.9bn (+11% YoY)We now expect Hyundai Autoever to report operating profit of KRW25.3bn (-25% YoY, +13% QoQ) on sales of KRW56
The author is a strategist of NH Investment & Securities. He can be reached at lawrence.kim@nhqv.com. -- Ed. Economic outlook: Faced with all-too-familiar difficulties- Economy:1) The OECD’s economic leading indicators for major countries have been on the decline after peaking in 2Q21, sinking below
The author is an analyst of NH Investment & Securities. He can be reached at hwdoh@nhqv.com. -- Ed. Memory supply-demand improvement is likely to be delayed due to macroeconomic factors. Demand for smartphones and PCs is sluggish. Demand related to data center investment is likely to fall somewhat i
SK ecoplant announced on June 22 that it has signed a strategic collaboration agreement (SCA) with Amazon Web Services (AWS). The company plans to develop eco-friendly digital solutions and platforms to realize "The Zero City" in cooperation with AWS. The Zero City is a circular economy model based
The authors are analysts of Shinhan Investment Corp. They can be reached at snowKH@shinhan.com and wonyong.sim@shinhan.com, respectively. -- Ed. Visible earnings improvement expected in 2H22 vs. 1H22Lotte Data Communication stands to report gradual improvement in earnings for 2Q22 after posting slug
LG CNS announced on June 14 that it has become a Premier Tier Services Partner of Amazon Web Services (AWS) and will further strengthen collaboration with the global cloud computing platform.An AWS Premier Tier Services Partner is the most experienced partner and recognized as a leader in its respec
Amazon Web Services (AWS) announced on June 13 that Samsung SDS, LG CNS and SK Shieldus are its security competency partners for last year, that is, satisfied the highest level of security requirements in AWS last year.At its media briefing on June 13, AWS also stressed the importance of the joint r
Daewoo E&C announced on June 8 that it signed an MOU on a pilot project for building advanced metering infrastructure (AMI) in Hanoi Star Lake City with three Vietnamese companies -- THT Development Co., Hanoi Power Corp. (EVNHANOI), which is a subsidiary of Vietnam Electricity, and Bespin Global, a
The author is an analyst of KB Securities. He can be reached at joonsop.analyst@kbfg.com. -- Ed. Maintain BUY, target price of KRW44,000 We maintain BUY and TP of KRW44,000 on KT. Our investment points are: (1) robust growth potential, largely driven by non-telco businesses; (2) sustained uptrend in
The author is an analyst of KB Securities. He can be reached at joonsop.analyst@kbfg.com. -- Ed. Maintain BUY, target price of KRW75,000 We maintain BUY and TP of KRW75,000 for SK telecom. Investment points are as follows:(1) All of the company’s five businesses are seeing high growth.(2) Mobile pro
The author is an analyst of KB Securities. He can be reached at joonsop.analyst@kbfg.com. -- Ed. Maintain BUY, target price of KRW19,000 We maintain BUY and TP of KRW19,000 on LG Uplus. We expect (1) better visibility on B2B earnings growth, (2) stronger shareholder return policy and (3) benefits fr
The author is an analyst of NH Investment & Securities. He can be reached at hwdoh@nhqv.com. -- Ed. Paradoxically, the unstable macro situation, including the recent rise in interest rates and the war between Russia and Ukraine, should help memory semiconductor supply/demand. Memory makers are stren
The author is an analyst of KB Securities. He can be reached at joonsop.analyst@kbfg.com. -- Ed. Maintain BUY, target price of KRW19,000 We maintain BUY and TP of KRW19,000 for LGU based on B2B earnings visibility, benefits from the stabilizing B2C market and hope for a more favorable shareholder re
Huawei held the “Fast, Reliable, and Green Data Center” forum during the Huawei APAC Digital Innovation Conference 2022, which was held on May 19-20 in Singapore.The forum focused on how enterprises can build new generation data centers in the digital economy to cope with several challenges, such as
EOFlow Co., a provider of wearable drug delivery solutions, has officially launched an iOS version of ‘Narsha,’ a smartphone application for wearable insulin pump in Korea.It has been nine months since the company officially launched the Android application of Narsha. Narsha is the world’s first sma
The author is an analyst of KB Securities. He can be reached at joonsop.analyst@kbfg.com. -- Ed. 1Q22 revenue at KRW6.28tn (+4.1% YoY), OP KRW626.6bn (+41.1% YoY)— KT reported an earnings surprise for 1Q22, with consolidated OP of KRW626.6bn beating consensus (KRW498.0bn) and KB estimate (KRW480.2bn
ArkData, a Korean company specializing in data replication integrated solutions, has launched a real-time data replication solution, ‘Ark for Kafka,’ to support the Kafka platform.'Apache Kafka' is a message queue platform that manages various types of real-time data feeds. Its strengths are
Samsung Electronics announced on May 10 its development of the industry's first 512-gigabyte (GB) Compute Express Link (CXL) DRAM, taking an important step toward the commercialization of CXL which will enable extremely high memory capacity with low latency in IT systems.Since introducing the in