Hana Financial Group announced on Aug. 2 (local time) that it has signed a business agreement with State Bank of India (SBI) for global business expansion. The State Bank of India is India’s largest state-owned commercial bank with branches in 25 regions worldwide, including the U.S. and China.The t
KB Kookmin Bank announced that it has received final approval from the Ministry of Commerce in Cambodia for the launch of the integrated commercial bank “KB PRASAC BANK PLC.”KB Kookmin Bank received a permit for the launch of an integrated commercial bank through the merger of two overseas subsidiar
Woori Bank announced on Aug. 6 that it entered into a strategic alliance on Aug. 4 with BuildBlock, a U.S. real estate investment platform company, to provide comprehensive real estate investment services.BuildBlock is a Korean startup headquartered in Silicon Valley and was selected as a promising
The author is an analyst for Shinhan Securities. She can be reached at hpark@shinhan.com -- Ed.2Q23 review: Booking of mostly one-off costs already knownAmorepacific posted 2Q23 consolidated sales of KRW945.4bn (flat YoY) and operating profit of KRW5.9bn (positive swing YoY). Sales came in line with
The author is an analyst for NH Investment & Securities. She can be reached at jiyoony@nhqv.com -- Ed.C&C International achieved its highest-ever quarterly sales in 2Q23, chalking up strong top-line growth in North America (+225% y-y), China (+246% y-y), and at home (+49% y-y). We believe that this
Ahead of the government's legislation on security tokens (hereinafter referred to as STO), the related industries are experiencing an acceleration in their movement.According to a media report in Busan, it has been revealed that Aiitone (CEO Jin Yeop Lee), a company listed on KOSDAQ is joining a
The semiconductor battle between the United States and China is escalating. The U.S. has imposed sanctions on semiconductor exports to China, citing threats to national security, to which China responded by blocking exports of key semiconductor minerals. The U.S. is now considering restricting even
China is stepping up its efforts for the development of chiplet technology, an advanced packaging technology.As U.S. restrictions on the export of equipment to China make it difficult to develop semiconductor front-end processes, China seems to be focusing on rear-end process technology.According to
Coway's cutting-edge Airmega ProX has gained the highest consumer rating among air purifiers, according to US consumer media industry reports, reinforcing the company’s position as a pioneer in air purification technology.The performance evaluations conducted by Consumer Reports, a leading US co
China’s auto exports in the first half of the year topped the world for the first time ever by beating Japan. This is attributed to expanding sales of new energy-powered vehicles such as electric cars in the Russian market from which U.S., Japanese and European automakers have been withdrawing since
Large Korean companies such as Samsung Electronics, SK hynix and Hyundai Motors spent a record amount of money on lobbying in the United States in the first half of this year, according to OpenSecrets, a nonprofit political fund tracking organization. This is due to the fact that not only U.S. compa
The author is an analyst for NH Investment & Securities. He can be reached at jaemin.ahn@nhqv.com -- Ed.Zenonia, Com2uS Holdings’ first game release after its transition to a publishing-based model, is showing healthy early sales. Despite excessive marketing cost execution, we believe that marketing
The author is an analyst for NH Investment & Securities. He can be reached at jaemin.ahn@nhqv.com -- Ed.We anticipate the unveiling of specifics regarding Kakao’s AI business model from October. The expansion of advertising in open chat and the Friends Tab should be a key point in the firm’s earning
The author is an analyst for NH Investment & Securities. He can be reached at jaemin.ahn@nhqv.com -- Ed.Helped by healthy early sales of Zenonia and MLB 9 Innings Rivals, Com2uS should turn to profit in 3Q23. However, continuing losses at the media arm are hindering both overall earnings and the sha
Methanol-fueled ships have eclipsed liquefied natural gas (LNG) vessels, claiming the premier position for the highest number of environmentally friendly ship orders placed from January to July this year. South Korea’s shipbuilding sector, which has been cultivating its technological expertise in me
LS Group has augmented its new investment plan for the Saemangeum National Industrial Complex by an additional 840.2 billion won (US$642.35 million), expanding its initial 1 trillion won commitment. This move signifies LS Group’s resolute endeavor to pursue “full domestic production” in the competit
Amid the prevailing downturn in the semiconductor sector, Samsung Electronics managed to maintain its leadership in the global memory semiconductor market during the first quarter of this year, while SK hynix encountered a decline in its market standing.According to market research firm Omdia on Aug
Superconductors, materials that suffer no energy loss due to electrical resistance, have traditionally been limited to novel technologies such as maglev trains. It was challenging to make superconductor technology economically viable.However, recent research by South Korean teams implementing superc
“I was curious about Korean chicken and ramen, and it was really great to see the process and taste them. The flavor was surprisingly good.”Chloe Sears from the U.K., participating as an International Service Team (IST) member at the 2023 Saemangeum Scout Jamboree, visited Harim Food Road on Aug. 3
Dong Wha Pharm announced on Aug. 3 that it has signed a contract to acquire a 51% stake in “TRUNG SON Pharma,” a company that operates a pharmacy chain in Vietnam.TRUNG SON Pharma operates over 140 pharmacy chains in the southern region of Vietnam. The company recorded sales revenue of approximately