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
Red ginseng brand CheongKwanJang of Korea Ginseng Corp.(KGC) announced on Sept. 16 that it opened “Ginseng Museum Cafe by CheongKwanJang” in Manhattan, New York on Sept. 14 (local time).Ginseng Museum Café is the world's first experiential store created by CheongKwanJang. It combines a museum wi
The author is an analyst of Shinhan Investment Corp. He can be reached at sh.kim@shinhan.com. -- Ed. Temporary slowdown in sales and operating profit growthNICE Information Service posted operating profit of KRW20.6bn (+4.6% YoY) on sales of KRW122.2bn (+3.8% YoY) for 2Q21. The shares have recently
AIA Life announced on Sept. 10 the launch of its innovative new ‘(Non-par) AIA Vitality Reliable Wellness Cancer Plan (Renewal)’, another addition to the Vitality Discounted Integrated Product portfolio.The new plan aims to help customers live healthier, longer and better lives by providing health m
South Korean Trade Minister Yeo Han-koo had an online meeting with Minister of Trade and Industry of Singapore Gan Kim Yong on Sept. 6, saying that South Korea would make an official announcement this month on its accession to the Digital Economy Partnership Agreement.The agreement is a digital trad
The Personal Information Protection Commission imposed a fine of 29 million won and a penalty surcharge of 6.66 billion won on Facebook and Netflix on Aug. 25.The penalty surcharge on Facebook is 6.44 billion won. “From April 2018 to September 2019, Facebook created and collected face recognition te
The author is a freelance journalist and Google News PR specialist. He can be reached at contact@sitetrail.com. -- Ed. The US has the largest insurance industry in the world, while the UK is the fourth largest. Between the two countries, they now represent almost 45% of the total world premiums in l
The author is a freelance journalist and Google News PR specialist. She can be reached at virginia.sagal.media@gmail.com. -- Ed. Starting a Limited Liability Company has become a part of the entrepreneurial journey, especially as the US reaches record annual company formations. It is important to kn