Coway, the No. 1 player in the Korean rental industry, achieved a perfect score in governance transparency in an evaluation of Korea’s top 500 companies released by CEO Score on May 20.CEO Score, a corporate evaluation site, assessed the top 500 domestic companies in eight categories -- fast growth,
Hyosung Corp. and its major affiliates will continue to make large-scale investments this year based on their robust performances.Hyosung Corp., the holding company of Hyosung Group, and its three major listed subsidiaries, Hyosung T&C, Hyosung Advanced Materials and Hyosung Chemical, plan to invest
Manufacturing a 65-inch LCD panel requires 5.2 kg of plastic, while the amount of plastic used for an OLED panel is a mere 0.43 kg. The plastic used for an LCD panel is difficult to recycle as it is a complex material.LG Display shipped 15,000 OLED panels during the first quarter of 2021. By produci
Hanwha Group has decided to receive up to 5 trillion won in financial support from Korea Development Bank (KDB) over the next five years for investment in eco-friendly energy such as solar energy and hydrogen.The group plans to use the funds for merger and acquisition (M&A) deals and research and de
The Financial Supervisory Service is currently examining Samsung Electronics vice chairman Lee Jae-yong’s eligibility as the largest shareholder in Samsung C&T, which is the largest shareholder in Samsung Life Insurance. According to the current law, the eligibility review on him must be conducted e
As Samsung Electronics vice chairman Lee Jae-yong has become the largest shareholder of Samsung Life Insurance, attention is focusing on the amendment bill to the Insurance Business Act now pending at the National Assembly.The passage of the bill can not only undermine Samsung Group's governance
SK Telecom (SKT) held a Board of Directors’ meeting on May 4 and decided to cancel its treasury shares to boost shareholder value. The company will cancel 8,685,568 shares (worth 2.6 trillion won based on the closing price of its stock on May 3, 2021) which is equivalent to around 10.8 percent of th
The author is an analyst of NH Investment & Securities. He can be reached at dongyang.kim@nhqv.com. -- Ed. Family management of the group (centering upon Vice Chairman Lee Jae-yong) is to be reinforced via inheritance procedures that will entail meeting legal inheritance ratio requirements and addit
The author is an analyst of NH Investment & Securities. He can be reached at dongyang.kim@nhqv.com. -- Ed. We view expectations towards mid/long term earnings growth at Hyundai Autoever’s strategic businesses as remaining valid in line with accelerating digital transformations at clients. A recent t
The author is an analyst of KB Securities. He can be reached at seongjin.kang@kbfg.com. -- Ed. Upgrade to BUY; target price raised 38.9% to KRW250,000 We upgrade to BUY and revise up our TP by 38.9% to KRW250,000 for Hyundai Glovis. Our new TP is based on raised earnings estimates that reflect the v
As Samsung Electronics vice chairman Lee Jae-yong strengthened his control of Samsung Group by inheriting a stake in Samsung Life Insurance from his late father Lee Kun-hee, attention is focusing on the amendment bill to the Insurance Business Act now pending at the National Assembly. If the bill is
The author is an analyst of NH Investment & Securities. He can be reached at dongyang.kim@nhqv.com. -- Ed. In 2021, Samsung C&T’s bio division should display strong earnings momentum in line with an increased utilization rate. Governance-related benefits are also likely, including higher dividend pa
Samsung Group announced on April 28 that it would donate a large portion of the bequest from the late chairman Lee Kun-hee and pay its inheritance tax, approximately 12 trillion won, without omission. Under the circumstances, how his shares in the group will be distributed is drawing attention.He ow
The author is an analyst of NH Investment & Securities. He can be reached at soohong.cho@nhqv.com. -- Ed. Expectations are in play for both the mid/long-term growth of Hyundai Mobis’s electrification business and governance structure reorganization at HMG. Considering its robust financials, Hyundai
The author is an analyst of NH Investment & Securities. He can be reached at ys.jung@nhqv.com -- Ed. Overcoming an unfavorable turn in forex market conditions and higher transportation costs, Hyundai Glovis showed improved sales and solid profitability for 1Q21, helped by greater CKD volume on incre
The author is an analyst of NH Investment & Securities. He can be reached at dongyang.kim@nhqv.com. -- Ed. Backed by an accelerating digital transformation, the mid/long-term growth potential of Samsung SDS’s strategic IT service business stands out. We expect the firm’s 2021 OP to rise 14% y-y on r
Hana Financial Group will supply a total of 60 trillion won for environmental, social and governance (ESG) finance by 2030. By 2050, it will pull out of coal-related project financing (PF) and achieve zero carbon emissions.The group announced its mid- to long-term goals of “2030 & 60” and “Zero & Ze
Park Jung-ho, CEO of SK Telecom, suggested on April 21 that SK Group would ramp up investment in the foundry business amid a global shortage of semiconductors. Park, who doubles as vice chairman of SK Hynix, is currently leading SK Group's governance reform.Park met with reporters after the open
ESG management and investment are becoming a new normal paradigm. Under the circumstances, South Korean enterprises are flocking to the corporate bond market, where more funds are available with interest rates lower than bank loan rates.Especially, the top 10 business groups accounted for 64 percent
The author is an analyst of KB Securities. He can be reached at joonsop.analyst@kbfg.com. -- Ed. Plans for governance revamp announced— At its town hall meeting on April 14, SK telecom (SKT) announced plans to revamp its governance structure.— According to SKT, the governance restructuring would tak