South Korean institutional investors are shifting the focus of their overseas real estate investment towards Amazon from Europe. This is because a constant rent increase is guaranteed in the United States whereas tenants are highly protected in Europe. In addition, this has to do with their increasi
The author is an analyst of NH Investment & Securities. He can be reached at hwdoh@nhqv.com. -- Ed. IT demand remains strong. We expect server investment to expand in line with the launch of Intel’s Whitley platform. Notebook PC shipments should also remain robust in 1H21. SMIC sanctions are increas
SK Telecom (SKT) has launched the first 5G edge cloud service in Korea, in collaboration with Amazon Web Services (AWS).Using AWS Wavelength at the edge of the 5G multi-access edge computing (MEC) networks, the new service, dubbed SKT 5GX Edge, enables customers to build mobile applications that req
The global investment banking unit of Shinhan Financial Group signed a US$280 million fulfillment center purchase deal with Amazon on Dec. 22.The unit and IGIS Asset Management formed a consortium and purchased the center Amazon is building in New Mexico. The construction will be completed in Septem
The author is an analyst of NH Investment & Securities. He can be reached at hwdoh@nhqv.com. -- Ed. The media is reporting that Microsoft is developing its own processor. The ongoing trend towards major IT players developing their own chips is to be negative for Intel and AMD, but positive for TSMC,
Motional, a joint venture between Hyundai Motor Group and U.S. self-driving company Aptiv, will operate driverless robotaxis in major U.S. cities beginning in 2023. To that end, Motional decided to develop a self-driving car based on Hyundai Motor's platform and use the network of U.S. car-shari
The authors are analysts of Shinhan Investment Corp. They can be reached at yoon86changmin and minseo.cho@shinhan.com, respectively, -- Ed. Korea’s no.1 gaming gear maker; rising player in small appliancesABKO, founded in 2001, manufactures and sells gaming gears and small appliances. The company fi
Coupang will commence its “Reveal 2020” developer conference on Dec. 11 to share its technology and experiences with developers from outside the company. Over 4,500 people have already registered since Coupang’s first announcement on the conference, showing significant interest in the event.Reveal 2
The author is an analyst of KB Securities. He can be reached at jeff.kim@kbfg.com. -- Ed. TP raised to KRW150,000; DRAM prices to rebound in 1Q21 We reiterate BUY and raise our 12m TP for SK hynix by 15% to KRW150,000 (12m fwd BVPS x 1.88x target P/B). Our TP was raised due to a jump in ROE (9.9% →
The National Pension Service and Stockbridge Capital announced on Dec. 4 that the former acquired fulfillment center portfolios in multiple U.S. regions, including Atlanta, Boston, Chicago, Detroit and Memphis, by investing in the latter’s US$2 billion fund.Multiple institutional investors are parti
Naver ranked 33rd in "The Future 50" selected by Fortune, a global economic magazine. Among Korean companies, only Naver and Celltrion (49th) made the list.Regarding the selection of Naver, Fortune said, "Naver is the company that runs Korea's largest search engine and has recently achieved more
The author is an analyst of NH Investment & Securities. He can be reached at jack.baek@nhqv.com. -- Ed. Although Covid-19 slowed the pace of its earnings improvement this year, Englewood Lab looks to have secured a number of investment points for 2021. Helped by its first year of OTC sales on Amazon
The author is an analyst of NH Investment & Securities. He can be reached at hwdoh@nhqv.com. -- Ed. Chipmakers’ 2021 investment plans have turned conservative as memory prices have dropped due to hyperscaler investment cuts from 3Q20. In contrast, non-memory investment should increase significantly,
The author is an analyst of Shinhan Investment Corp. He can be reached at sejonghong@shinhan.com. -- Ed. 4Q20 consolidated OP forecast at KRW5.4bn (+25.9% YoY)Incross is forecast to report consolidated operating profit of KRW5.4bn (+25.9% YoY) on sales of KRW12.1bn (+12.2% YoY) for 4Q20, similar to
KT Corp., South Korea’s largest telecommunications company, has opened a new Internet data center (IDC) that promises super-capacity performance and stability to spearhead digital transformation (DX) for businesses at home and abroad.Located in the heart of Seoul, KT’s 13th IDC, named `KT DX IDC Yon
The author is an analyst of NH Investment & Securities. They can be reached at jaemin.ahn@nhqv.com. -- Ed. Covid-19 has facilitated the spread of Industry 4.0 throughout our daily lives. Today, many of us are truly living our lives online. Evolving from the O2O model, an online-oriented world is pre
The authors are analysts of NH Investment & Securities. They can be reached at minjae.lee@nhqv.com and ys.jung@nhqv.com, respectively. -- Ed. The government is encouraging domestic companies to participate in RE100, a collaborative initiative of influential businesses committed to 100% renewable pow
Business leaders of South Korea and the U.S. called for the revision of Section 232 of the United States Trade Expansion Act at the 32nd general meeting of the Korea-U.S. Business Council on Nov. 17.The meeting was jointly hosted by the Korean Federation of Industries and the U.S. Chamber of Commerc
The author is an analyst of KB Securities. He can be reached at joonsop.analyst@kbfg.com. -- Ed. 11st forges strategic alliance with Amazon — SK telecom’s subsidiary 11st forged a strategic alliance with Amazon (Korea Economic Daily, Nov. 14).— Amazon will acquire 0KRW50-300bn in 11st convertible pr
SK Telecom (SKT) has formed a strategic alliance with Amazon, the world's largest e-commerce company, the company announced on Nov. 16.With the collaboration, customers in Korea will be able to buy products from Amazon through SKT's e-commerce subsidiary, ‘11st’. This comes as part of 11st’s