AIA announced on Nov. 30 that Son Heung-min and Cho So-hyun of Tottenham Hotspur Football Club (“Spurs”) will become AIA Ambassadors.Peter Chung, AIA Korea’s chief executive, said, “AIA has had a long-standing and successful global relationship with Spurs and we are thrilled to bring Son Heung-min a
Samsung Electronics vice chairman Lee Jae-yong personally promoted Galaxy smartphones to Goldman Sachs, a U.S. investment bank, it was learned belatedly.Lee's personal marketing efforts were disclosed during his trial related to the merger between Samsung C&T and Cheil Industries, which was held
Pernod Ricard Korea has announced the launch of ‘Ballantine’s 17 Year Old Artist Edition 2,’ a contemporary design created in collaboration with a world-famous artist.‘Ballantine’s 17 Year Old Artist Edition 2,’ the second limited artist edition following the first in 2019, has been created in colla
SK Group acquired a European gene and cell therapy (GCT) contract manufacturing organization (CMO) company in March. Now it is in talks to take over a U.S. company in the same business field.SK Inc., the group’s holding company, announced on Nov. 16 that it was in exclusive talks with the Center for
Hyosung Advanced Materials has inked an agreement with North Jeolla Province and the Korea Carbon Industry Promotion Agency to expand carbon fiber production lines.The agreement was signed at a conference on carbon material competitiveness enhancement held in Jeonju on Nov. 15.Under this agreement,
Samsung Electronics vice chairman Lee Jae-yong left for Canada and the United States on Nov. 14. It marks Lee's first overseas business trip since his release from prison on parole on Aug. 13 and his first business trip to the United States since 2016. Lee is expected to finalize the selection o
The author is an analyst of KB Securities. He can be reached at cygun101@kbfg.com. -- Ed. 3Q21 earnings in line with market consensus— Samsung F&M posted 3Q21 standalone NP of KRW278.1bn, which is in line with the market consensus and our estimate.— Samsung F&M sales of new personal insurance droppe
The Ministry of Land, Infrastructure and Transport conducted an urban air mobility (UAM) demonstration at Gimpo Airport on Nov. 11. The Flight demonstration was conducted with a two-seater multicopter developed abroad, and various aerial vehicles developed at home and abroad were exhibited at the ai
Starbucks Coffee Korea announced on Nov. 4 that 12 of its stores in Seoul would not use disposable cups starting from Nov. 6.At present, Starbucks is reducing its use of disposable cups worldwide in accordance with its business strategy announced in April. At four of its stores in Jeju, the measure
The author is an analyst of NH Investment & Securities. He can be reached at junsup@nhqv.com. -- Ed. Market expectations and concerns regarding IFRS17 introduction are notably higher for Meritz F&M than those for its non-life peers. That said, at the present share price level, most positives have al
The author is an analyst of NH Investment & Securities. He can be reached at junsup@nhqv.com. -- Ed. HGI has been displaying steep earnings improvement since last year. New contracts for personal insurance are slowly recovering as well. Despite uncertainties regarding IFRS17 adoption, HGI looks soli
The author is a freelance journalist and Google News PR specialist. He can be reached at contact@sitetrail.com. -- Ed. A rise in business formation and registration has continued through May 2021, contrasting dramatically with the patterns seen during the Great Recession, when applications for prosp
The author is a freelance journalist and Google News PR specialist. He can be reached at contact@sitetrail.com. -- Ed. What Is An LLC? Is It The Most Optimal Business Structure?A Limited Liability Company (known as an LLC), is indubitably one of the most desirable and popular business entity structu
The author is an analyst of Shinhan Investment Corp. She can be reached at heeyeon.lim@shinhan.com. – Ed. 3Q21 NP to come in atKRW165.4bn (+57.0% YoY)Meritz Fire & Marine Insurance is expected to have delivered an earnings surprise for 3Q21, with operating profit of KRW228.7bn (+53.6% YoY) and net p
Samsung Electronics has spun off five startups from its in-house venture development program, "C-Lab Inside." The company held C-Lab Spin-Off Day on Oct. 13 to share business plans of the five startups.The five startups are Goose Lab, which created an AI dance game platform based on motion recogniti
Democratic Party of Korea lawmaker Lee Sung-man remarked that the ratio of imported robot components amounted to 57 percent on average in 2018 in the fields of manufacturing, professional service and personal service robots.“Although South Korea’s robot density, that is, the number of robots in oper
Prosecutors have demanded a fine of 70 million won on Samsung Electronics vice chairman Lee Jae-yong for violating the Narcotics Control Act by illegally using propofol, a psychotropic drug.At a trial held at the Seoul Central District Court on Oct. 12, prosecutors also requested the court to collec
The author is an analyst of KB Securities. He can be reached at cygun101@kbfg.com. -- Ed. Maintain BUY; raise target price 5% to KRW315,000 We maintain BUY on Samsung F&M and raise our TP by 5% to KRW315,000. Our rating remains unchanged because: (1) the company can maintain a consistent capital pol
AIA Korea announced on Sept. 30 the launch of two new AIA Vitality credit cards in partnership with Samsung Card. The insurance industry’s first health and wellness affiliate credit cards focus on protecting customers lives through AIA insurance solutions.The two new AIA Vitality credit cards offer
Korean Air announced on Sept. 28 that it has completed a transfer of its IT systems to Amazon Web Services (AWS). Korean air announced the transfer plan in November 2018.Korean Air is the first large airline to complete a transfer of its enterprise IT system to a cloud computing service.Korean Air h