SK Telecom will connect 5G mobile edge computing (MEC) services around the world by partnering with the Bridge Alliance, the largest alliance of telecom companies in Asia, the Middle East, and Africa. The alliance has 34 telecommunication companies as its members. They include SK Telecom (Korea), Si
GST Global GmbH, a subsidiary of Hyosung Advanced Materials, announced on March 16 that it has recently signed a contract to supply airbags for the robotaxi of Zoox Inc., an Amazon subsidiary specializing in self-driving cars.The company will supply next-generation one piece woven (OPW) airbags thro
The author is an analyst of KB Securities. He can be reached at jeff.kim@kbfg.com. -- Ed. Target price held at KRW105,000; Chip prices should begin climbing We reiterate BUY and our 12m TP of KRW105,000 on SEC. We expect brisk set sales (consumer electronics such as smartphones and TVs) to push up 1
Coupang has made a successful debut on the New York Stock Exchange. The company's stock closed at US$49.25 on March 11 (local time), the first day of trading, a 40.71 percent higher than its initial offering price of US$35.Coupang's market capitalization reached about US$88.65 billion (about
The COVID-19 pandemic has been fueling people’s interest in boosting immunity against viruses. Masks have become an everyday item and methods to boost and maintain immunity are gaining popularity.In Korea, red ginseng is the most popular health functional food as it boosts immunity. Red ginseng is o
The author is an analyst of NH Investment & Securities. He can be reached at midas.sohn@nhqv.com. -- Ed. AI trend (1): Implications of GPT-3GPT-3 receives attention as innovative technologyAfter being wowed by DeepMind’s AI AlphaGo in Mar 2016, the world was surprised again by OpenAI’s Generation Pr
SK Group has invested US$1.6 billion to acquire a 10 percent stake in Plug Power, a U.S. hydrogen company.The Korean business group announced on Feb. 25 that SK Holding and SK E&S have completed an equity investment contract with Plug Power. The group promised to invest US$1.5 billion in the U.S. co
LG Electronics will enter the TV platform business in partnership with Netflix and Amazon. The core of this new business is to load LG Electronics' smart TV software platform Web OS with content from Netflix, Amazon, and YouTube and sell it to global TV manufacturers after adding various additio
The author is an analyst of NH Investment & Securities. He can be reached at jack.baek@nhqv.com. -- Ed. Englewood’s 4Q20 results beat our forecasts thanks to strong earnings at subsidiary Englewood Lab Korea, which received increased orders from B2B clients amid the rapid growth of the US online mar
The author is an analyst of NH Investment & Securities. She can be reached at jy.lee@nhqv.com. -- Ed. Boasting high sales growth, strong customer loyalty, and bright business expansion potential, Coupang offers an attractive investment vehicle. And, its valuations are less demanding than those for p
The National Pension Service (NPS) announced on Feb. 15 that the appraised value of its foreign stocks was 188,205 billion won at the end of November 2020, approximately 9.4 times as compared with the end of 2010.In that period, the NPS substantially increased its direct foreign stock investment fro
The author is an analyst of NH Investment & Securities. She can be reached at mj27@nhqv.com. -- Ed. Clio posted 4Q20 operating losses of W1.3bn, missing consensus. But, we believe that an earnings bottom point is already confirmed, expecting an earnings recovery in 2021 on further channel restructur
The National Pension Service of South Korea announced on Feb. 14 that it owned US$7.92 million of Tesla shares as of the end of the third quarter of 2014.At that time, the stock price was US$48.54. Given that Tesla split its stock five-for-one in August last year and the price was US$813.32 on Feb.
The United States International Trade Commission terminated its patent infringement investigation (case number: 337-TA-1162) related to Samsung Electronics and Neodron on Feb. 9.The European patent troll sued Samsung Electronics HQ and Samsung Electronics America in May 2019, claiming that they viol
Kyobo Life Insurance announced on Feb. 9 that it will transfer its big data system and important workloads to Amazon Web Services (AWS) to facilitate big data analysis and free infrastructure expansion.Kyobo Life Insurance selected AWS' premier consulting partner Megazone Cloud and Kyobo Informa
The author is an analyst of NH Investment & Securities. He can be reached at midas.sohn@nhqv.com. -- Ed. In 2021, KG Mobilians should enjoy strong synergy effects from its recent merger with KG Allat. Among additional positives, we note healthy transaction inflow from Coupang and Wemakeprice, rising
Samsung Group's brand value is ranked fifth in the world, the highest among Asian companies.In the Brand Finance Global 500 Rankings in 2021 released on Jan. 26 (local time), Samsung Group maintained 5th place as in 2020 with its brand value estimated at US$102,623 million.Apple outclassed Amazo
Korea Securities Depository announced on Jan. 21 that South Korean investors’ foreign securities settlement totaled US$323.39 billion at the end of last year, up 88.9 percent from a year earlier. In that period, their foreign securities holdings increased 65.6 percent to US$72.22 billion.The settlem
The authors are analysts of Shinhan Investment Corp. They can be reached at yoon86changmin and minseo.cho@shinhan.com, respectively, -- Ed. 4Q20 OP likely in line with consensus at KRW6.4bn (+363% YoY)We now expect ABKO to post sales of KRW41.1bn (+83.4% YoY) and operating profit of KRW6.4bn (+363.0
Hanwha Group will acquire a Korean satellite company to make its space business a new growth engine.Hanwha Aerospace, an aerospace affiliate of Hanwha Group, announced on Jan. 13 that it will acquire a stake in Satrec Initiative, a small satellite company in Korea. It plans to invest about 109 billi