The author is an analyst for NH Investment & Securities. She can be reached at eunsang.lee@nhqv.com -- Ed.At SK REIT, we expect: 1) the incorporation of a water treatment facility; 2) special dividends on the sale of gas stations; and 3) interest cost reduction effects from capital increase. We reco
The author is an analyst for NH Investment & Securities. She can be reached at hzl.lee@nhqv.com -- Ed.Innocean posted an earnings surprise for 2Q23. Although its operating expenses rose due to preemptive investment in labor force, this cost burden was offset by an increase in ad execution. Consideri
The author is an analyst for NH Investment & Securities. He can be reached at jack.baek@nhqv.com -- Ed.Daedong Corp’s export portion of large tractors, which came to only 1.5% in 2022, climbed to 7.6% in 1Q23. While small/mid-sized tractor exports led the firm’s earnings growth in 2022, this year, l
The Korea Atomic Energy Research Institute (KAERI) has developed a technology that can mass produce radiopharmaceuticals.KAERI’s Proton Science Research Center announced on July 31 that it has developed an analytical method that can isolate copper-67, a radioactive substance used for treatment, in h
Chinese battery companies have been pushing to establish factories in South Korea one after another. It is a strategy to circumvent regulations under the U.S. government’s Inflation Reduction Act (IRA), analysts say. It is expected that the companies will try to enter the U.S. and European markets b
China’s decision to impose export controls on gallium and germanium beginning on Aug. 1 in response to U.S. export restrictions has Korean semiconductor, display, and battery industries on edge.According to industry sources on July 31, the Korean semiconductor, display, and secondary battery industr
India has blocked Chinese automakers from investing in India. This is expected to give Hyundai Motor Group of Korea reflective benefits as the Korean automaker is expanding its investments in India.According to foreign media outlets including the Economic Times of India, Chinese electric vehicle mak
Eight domestic insurance companies invested more than 400 billion won (US$312.74 million) in the construction of the world’s largest biomass power plant in the U.K. However, due to delays in construction and operation, they had to write off over half of the invested funds, resulting in significant l
LG Energy Solution, Samsung SDI, and SK On, the three major battery manufacturers in South Korea, have achieved remarkable performance in the second quarter of this year, marking a historic milestone in quarterly revenue driven by a surge in electric vehicle sales.According to the Financial Supervis
India, a formidable force in the Information Technology (IT) sector and the world’s most populous country, is making rapid strides to establish itself as a “Global Semiconductor Hub,” attracting the attention of both American and Taiwanese semiconductor companies. Similar to President Joe Biden’s pu
Samsung Chairman Lee Jae-yong ambitiously invested 9 trillion won (approximately US$8 billion at the time) in the company Harman, and after a span of about six years Harman has now firmly established itself as a robust and integral part of Samsung Electronics’ business portfolio.In Samsung Electroni
Hyundai Motor Group and Toyota, the largest automakers in South Korea and Japan, respectively, showed contrasting performance during the first half of the year from January to June in key automotive markets. While Toyota managed to maintain its position as the global leader in sales, it experienced
As Japan has set a national goal of “Semiconductor Leadership Recovery,” it is pouring a significant investment into semiconductor company Rapidus. However, Rapidus has recently run into an “emergency to secure profitability.” The company set a goal to mass-produce advanced 2-nanometer semiconductor
Since December last year, the global frenzy over the generative AI known as ChatGPT has rapidly increased the demand for high-performance DRAM, also called High Bandwidth Memory (HBM), capable of processing large-scale data.According to sources in the semiconductor industry on July 31, domestic memo
Display companies such as Samsung Display and LG Display are accelerating the development of new technologies, such as OLED on Silicon (OLEDos), to preempt the Extended Reality (XR) industry like Apple’s “Vision Pro.”According to industry sources on July 31, domestic display companies, including Sam
SK nexilis, an SKC subsidiary investing in copper foil for secondary batteries, announced on July 31 that they have signed a business agreement on July 28 to explore the establishment of a joint venture with Toyota Tsusho, a trading affiliate of the Toyota Group, to produce and supply copper foil in
Doosan Corporation announced on July 31 that it has collected approximately 500 billion won in accumulated orders from Japan, Europe, and North America for its new electric vehicle material, Patterned Flat Cable (PFC).PFC is a material that connects cells, the smallest unit of electric vehicle batte
CJ CheilJedang announced on July 31 that it has sold its entire stake in the Chinese food subsidiary Jixiangju. This is a strategic move to accelerate the growth of K-food and strengthen financial soundness through “selection and focus.”The sale price is approximately 300 billion won, and the buyers
HD Korea Shipbuilding & Offshore Engineering, the mid-level holding company of Hyundai, has announced that it will acquire STX Heavy Industries.On July 31, HD Korea Shipbuilding & Marine Engineering signed a principal contract with private equity firm PINETREE Partners to acquire STX Heavy Industrie
Pernod Ricard Korea, the Korean unit of the global wine and spirits company Pernod Ricard, announced that it is recruiting September participants for its sustainable bar operation training program ‘Bar World of Tomorrow’. Indeed, beyond outlets that Pernod Ricard Korea knows and works with its sales