The author is an analyst of NH Investment & Securities. She can be reached at jiyoony@nhqv.com. -- Ed. In 2023, we expect to see notable differentiations in terms of growth potential and valuations among domestic apparel/textile players. In 2022, the domestic textile/apparel sector has been resettin
For the first time, Samsung Electronics ranked first among the world's top brands selected by YouGov, a global polling company. Google, which was No. 1 in 2021, fell to second place.Samsung Electronics earned 127 points to top YouGov Global Best Brand Rankings 2022, which was announced on Nov. 2
Hyundai Motor Co. announced on Nov. 13 (local time) that it has signed a memorandum of understanding (MOU) on the supply of aluminum with PT Adaro Minerals Indonesia at the Nusa Dua Convention Center in Bali, Indonesia during the B20 Summit Indonesia 2022, a global forum for economic groups and comp
AXA General Insurance Korea CEO Guillaume Mirabaud said on Nov. 14 that the company is not planning on leaving the South Korean market. The French insurance company entered the market in 2001 and there have been repeated rumors about sale.AXA is the only foreign insurer in the auto insurance market
China’s CATL, the world's largest battery maker, has joined hands with Japan's Toyota to enter the Japanese market in earnest. CATL announced on Nov. 11 that it has recently signed a memorandum of understanding (MOU) with Japan's Daihatsu Motor Co. for battery supply and technology coope
- Vietnamese subsidiary Doosan Vina signs supplier agreement for offshore wind turbine substructure with Ørsted- Vietnam’s offshore wind power market forecast to grow to 7GW by 2030Doosan Enerbiity announced on Nov. 3 that its Vietnamese subsidiary Doosan Vina had signed a memorandum of understandin
EOFlow Co. announced on Oct. 25 that it has received certification from the Ministry of Health of Indonesia to commercialize its wearable insulin pump ‘EOPatch’ and its controller ‘ADM’. Its smartphone app ‘Narsha’ does not require an approval from the ministry.On December 2021, EOFlow announced tha
Leading mobile payment providers across Asia announced on Sept. 26 an integration of Alipay+ cross-border digital payment solutions in South Korea in an effort to jointly promote cashless travel in the country.Users of e-wallets including AlipayHK, GCash (the Philippines), Touch ‘n Go (Malaysia), an
South Korean credit card and insurance companies are rapidly expanding their overseas businesses in China and Southeast Asia.Shinhan Card is currently doing business in Vietnam, Indonesia and Myanmar. In the first half of this year, its overseas net profit was 11.33 billion won, up 400 percent from
South Korean enterprises are expanding cooperation with Southeast Asia with the United States increasingly internalizing supply chains in various industries.In Indonesia, POSCO Group is working with multiple local enterprises in the sectors including steel, construction and EV battery material devel
The author is an analyst of NH Investment & Securities. He can be reached at ys.jung@nhqv.com -- Ed. Although trimming down our valuation expectations on concerns towards a mid/long-term slowdown in consumption, we still see sufficient catalysts in place for Jin Air’s share price, including likely h
China’s BYD, the world’s second-largest electric vehicle (EV) maker and third-largest battery maker, has selected Thailand as its first overseas plant construction site. It aims to preempt the Southeast Asian EV market, which is expected to grow rapidly. A fierce battle is expected between BYD and H
The author is an analyst of NH Investment & Securities. He can be reached at ys.jung@nhqv.com -- Ed. Although the recovery of passenger demand in August was slower than expected, hopes remain for an increase in traffic volume in September, led by Japan routes. Some concerns linger over mid/long-term
SK Group is partnering with Gentari Sdn Bhd (Gentari), a clean energy solutions entity founded by Malaysian energy company PETRONAS, for clean energy business opportunities.The group is stepping up its efforts to make inroads into the green industries in Southeast Asia, following its recent equity i
Coway Co. will unveil its next lineup of home health appliances for the European market at IFA 2022 in September. The trade show, held in Berlin, is the largest of its kind in Europe for consumer electronics and home appliances. Coway is returning to Berlin for the first time since 2019 as IFA retur
Hyundai Engineering has completed a water purification plant in the Democratic Republic of the Congo.The company held a ceremony to mark the event at the Kimbanseke area of Lemba-Imbu in the African country on Aug. 23.The ceremony was attended by DR Congo President Felix Tshisekedi, Jonas Didier N
The author is an analyst of NH Investment & Securities. He can be reached at ys.jung@nhqv.com -- Ed. Jeju Air’s liquidity woes have eased on an inflow of advance deposits and borrowings amid a rebound in passenger demand. However, its earnings recovery is likely to be slower than previously expected
SK Inc. and SK Innovation (collectively, “SK”) invest in a next-generation small modular reactor (SMR) developer in the United States, stepping up their efforts to reduce global carbon emission. The investment is likely to provide a boost to SK Group’s strategy for the early achievement of net-zero
The author is an analyst of NH Investment & Securities. He can be reached at ys.jung@nhqv.com -- Ed. Passenger demand recovery continued in July on increased supply from LCCs. That said, we note that the speed of recovery varies by short-distance route, and that competition is likely to accelerate a
The global investment in carbon capture, utilization and storage (CCUS) is increasing in an attempt to reach carbon neutrality by 2050. Under the circumstances, South Korea with few carbon storage spaces and Southeast Asia, which is highly dependent on fossil fuels, are expanding their cooperation b