Competition in the solid state drive (SSD) market is heating up. SK Hynix, which took over the NAND business unit from Intel in 2021, expanded its market share with the launch of a new enterprise SSD. Samsung Electronics, the SSD industry leader, responded by coming up with an SSD for professionals.
Hana Bank China announced on April 19 that it reached a private lending of 10 billion yuan ahead of any other South Korean bank in China.At present, the bank is providing various loans online and offline. For example, its mobile small loans are provided in partnership with Alibaba, Baidu and CTrip.H
The authors are analysts of Shinhan Investment Corp. They can be reached at hsh0628@shinhan.com and wonyong.sim@shinhan.com, respectively, -- Ed. Biggest beneficiary of regulatory shift to standardized APIMyData services, which officially kicked off in Korea on 5 January 2022, take a step beyond ope
The author is an analyst of KB Securities. He can be reached at cygun101@kbfg.com. -- Ed. Maintain BUY; Capital policy uncertainty mostly priced and long-term risk loss ratio improvement to provide momentum We maintain BUY and TP of KRW300,000 for Samsung Fire & Marine (Samsung F&M). In 2022 to date
The world’s first mandatory cryptocurrency travel rule became effective in South Korea on March 25 so that sender and receiver information is confirmed by an exchange each time a request is made for a deposit or withdrawal of one million won or more.Exchanges are not fully prepared yet. For example,
The world’s first cryptocurrency travel rule becomes effective on March 25 at South Korean cryptocurrency exchanges. It is to reveal the names, nationalities and addresses of those who send and receive cryptocurrencies.Once the rule is implemented, cryptocurrency movement between an exchange and a p
The authors are analysts of Shinhan Investment Corp. They can be reached at sh.kim@shinhan.com and mintz95@shinhan.com, respectively. -- Ed. Over-20% YoY growth continues for both sales and OP in 4Q21NICE Information Service posted strong earnings growth through 4Q21 with sales reaching KRW133bn (+2
Samsung Electronics officially admitted that it was attacked by a global hacking group, Lapsus$. The company said it has begun to take steps with the Korean government to respond to the attack. However, it made it clear that there was no leakage of personal data about its employees and customers.Sam
The authors are economists of Shinhan Investment Corp. They can be reached at keonhyeong.ha@shinhan.com. -- Ed. February review: US GDP growth reported at 7% for 4Q21; BOK decides to keep base rate unchanged at Feb MPB meeting[Issue] After declaring war on Ukraine, Russia has launched attacks on maj
The author is an analyst of Shinhan Investment Corp. He can be reached at mingu.jeong@shinhan.com. -- Ed. Earnings to rebound from 4Q21 bottomRay reported an operating loss of KRW6.4bn (negative swing YoY) on sales of KRW26.6bn (+26.9% YoY) for 4Q21. The company saw overall top-line growth from the
With the prolonged COVID-19 pandemic, the Korean collaboration tool market has shown continuous growth to meet the ever-increasing needs for effective communication.Despite more and more companies adopting aggressive marketing strategies to increase their market share, there is evidently no leading
The author is an analyst of KB Securities. He can be reached at cygun101@kbfg.com. -- Ed. Instilling confidence in capital policy is key valuation factor— Samsung F&M posted 2021 standalone NP of KRW1.09tn (+42.5% YoY).— Loss ratio dropped 1.1pp (-3.7pp for Auto; -6.6pp for General). Expense ratio a
The author is a freelance journalist and Google News PR specialist. He can be reached at contact@sitetrail.com. -- Ed.In 2020, the COVID-19 pandemic spread globally at an unprecedented rate, eventually leading to several countries going into a lockdown state. This had a detrimental effect on busines
The author is a fixed income strategist of Shinhan Investment Corp. He can be reached at jk.ahn@shinhan.com. -- Ed. Government efforts needed to rein in high inflationThe 3Y and 10Y KTB yields exceeded 2.3% and 2.7%, respectively, reflecting negatives at home and abroad. The last time the yields ros
The Korea Institute of Science and Technology (KIST) has recently developed a new COVID-19 contact tracing system (CTS) that can detect people who have contacted confirmed COVID-19 virus carriers in an indoor space within 10 minutes.The new system, developed by Lee Taek-jin, a senior researcher at t
Experts point out that the National Cyber Security Act, which is pending in the National Assembly, will undermine the information and communication technology industry of South Korea when enacted.At present, the National Cyber Security Center of the National Intelligence Service (NIS) is in charge o
The Bank of Korea announced on Jan. 24 that it would test digital asset transactions, offline settlement and cross-border remittance in the second phase of its CBDC research project that started in August last year and is scheduled to end in June this year.In the first phase, the central bank set up
The Korea Institute of Science and Technology announced on Jan. 23 that a research team led by senior researcher Lee Taek-jin has developed a contact tracing system.The system is characterized by quickly detecting contact with an infectious disease using an RF reception signal instead of personal lo
KT announced on Jan. 18 that it has signed an agreement with Yandex Self Driving Group (SDG), an affiliate of Russia’s largest IT company Yandex, for business cooperation in AI, robots, and autonomous driving.The agreement was signed at the Yandex Autonomous Driving Improvement Center in Moscow, Rus
KEB Hana Bank acquired 15 percent of the Bank for Investment and Development of Vietnam (BIDV) in November 2019 by investing 1.0148 trillion won. The current return on investment is 70 percent, with the business performance of the Vietnamese bank improving fast.Since the acquisition, KEB Hana Bank h