The author is an analyst for NH Investment & Securities. She can be reached at yd.yoon@nhqv.com -- Ed.Kiwoom recently announced that it will reflect provisions of W433.3bn for Youngpoong Paper receivables in 4Q23, putting the issue to rest. Recently, stock market trading has become active again. A d
On Nov. 6, the first day of the complete ban on short selling, the KOSDAQ market witnessed 164.9 billion won (US$125.69 million) worth of short sales. Among these transactions, a remarkable 99 percent consisted of hedges by the Liquidity Providers (LPs) for exchange-traded funds (ETFs). As individua
The Shanghai Containerized Freight Index (SCFI), which reflects the freight rates for container ships worldwide, has reached its highest levels of the year. However, the substantial decrease in freight rates in comparison to the previous year is having a negative impact on HMM’s profitability.Accord
On Nov. 7, the second day of the complete ban on short selling, the KOSPI index fell by 2.33 percent, and the KOSDAQ index dropped by 1.80 percent.Even on the second day of the government’s complete ban on short selling, controversy continues in the securities market.According to financial authoriti
The Board of Audit and Inspection of Korea (BAI) is reportedly closely examining whether there were any unfair privileges taken or solicitation involved in the process of the government’s shares returning to the private sector. This scrutiny pertains to the massive policy fund-supported restructurin
Forbes today unveiled its 2023 Asia’s Power Businesswomen list, honoring 20 successful female leaders across the Asia-Pacific region, who operate in a broad range of industries including finance and banking, property, technology and commodities. The complete list can be found in the November issue o
With the financial authorities deciding to implement a complete ban on short selling by the first half of next year, the South Korean stock market experienced a historic surge on Nov. 6. Secondary battery companies, which had been the primary targets of short sellers, all showed a significant increa
In response to criticism suggesting that the ban on short selling implemented on Nov. 6 is a “political decision” aimed at next year’s general election, Lee Bok-hyun, the head of the Financial Supervisory Service (FSS), directly refuted the claims, stating, “About 100 stocks were identified as targe
The financial authorities have played a strong hand with a “full prohibition of short selling” to restore market trust. Unlike the global trend during the COVID-19 crisis, this time, South Korea alone has moved to prohibit short selling, drawing significant attention to the rationale behind this dec
A university professor has pointed out that the holding company system that was introduced to curb the concentration of economic power by large conglomerates is being utilized as a means to maintain corporate control and aid corporate succession by owning families.Shin Young-soo, a professor at Kyun
The Samsung owning family is selling a portion of their Samsung Electronics shares to prepare for inheritance tax.According to the Financial Supervisory Service on Nov. 3, Hong Ra-hee, the former director of Leeum, Samsung Museum of Art; Lee Boo-jin, CEO of Hotel Shilla; and Lee Seo-hyun, chairperso
LG Electronics is strategically aligning its electric vehicle (EV) components business, a sector it is nurturing as a future growth engine, with a focus on premium car manufacturers like Mercedes-Benz, BMW, Audi, and more, propelling the business in a promising trajectory.According to the Financial
Ed Note: This story was edited for factual accuracy on Nov. 6, 2023.The Korean market has become more prominent on the radar of private equity firm Hillhouse Capital. According to investment banking sources on Nov. 1, Hillhouse Capital has launched a search for a Korean market expert for its Hong Ko
Ed Note: A previous version of this story misattributed the ownership structure of Hillhouse Capital. The article was edited on Nov. 6, 2023. Private equity fund (PEF) manager Hillhouse Capital is actively pursuing the acquisition of SK eco prime, the leading biodiesel company in South Korea.Accordi
The author is an analyst for NH Investment & Securities. She can be reached at jiyoony@nhqv.com -- Ed.If excluding one-off labor costs, AmorePacific met 3Q23 consensus. Due to the slow recovery of Sulwhasoo in China, earnings growth at the firm is likely to remain flat in 4Q23. However, we see justi
The operating profit of Hyundai Motor Group’s 11 listed companies in the third quarter of this year increased by more than double compared to the same period last year.According to the Financial Supervisory Service’s electronic disclosure system on Nov. 1, the 11 listed companies within Hyundai Moto
According to data obtained from the Financial Supervisory Service by Rep. Seo Beom-soo, a member of the National Assembly’s Land, Infrastructure, and Transport Committee, on Nov. 1, the outstanding balance of housing mortgage loans for foreigners, offered by the four major commercial banks -- KB Koo
POSCO International’s overseas gas exploration project has received a warning. The U.S. government has announced sanctions against the Myanma Oil and Gas Enterprise (MOGE), which holds a stake in the gas project operated by POSCO International, citing civilian oppression by the Myanmar military regi
The Financial Supervisory Service (FSS) will set up a special short-selling investigation group to crack down on illegal short selling. The team will conduct full investigations into all short-selling transactions by global investment banks (IBs) since May 2021, when short selling was partially reop
South Korea has set an ambitious goal to rise alongside the United States and China as one of the top three powerhouses in the global energy storage system (ESS) industry by 2036. The nation plans to capture 35% of the rapidly growing global ESS market, aiming to revitalize its currently stagnant do