Hyundai Engineering & Construction announced on Nov. 8 that it has signed a strategic business agreement with Korea Midland Power and the Korea Overseas Infrastructure & Urban Development Corporation (KIND) to jointly develop solar power generation projects in the United States.Through this agreemen
The author is an analyst for NH Investment & Securities. He can be reached at pk.park@nhqv.com -- Ed.Sales at Dentium slowed in 3Q23 amid economic downturn in China and logistics issues in Russia. Although revenue growth should rebound in major regions in 4Q23 (a peak season), ultimately, the result
The author is an analyst for NH Investment & Securities. He can be reached at pk.park@nhqv.com -- Ed.Classys’s 3Q23 OP exceeded consensus, reaching W24.7bn. The firm’s is still in a re-rating phase, led by an increasing equipment sales portion both domestically and internationally. Costs are expecte
Korean intermediate goods exporters have been entering Vietnam in large numbers after exiting the Chinese market for several years. But the share of Korean intermediate goods has been on the decline in the Vietnamese market since 2017. This is because Chinese intermediate products are rapidly replac
L’Oréal Korea announced the 2023 winners of ‘L’Oréal Big Bang Open Innovation’ and held an award ceremony on November 8, at the global startup festival 'COMEUP 2023' hosted by the Ministry of SMEs and Startups and organized by the Korea Startup Forum.L’Oréal Big Bang Open Innovation is the first reg
Korea has posted a current account surplus for the fifth consecutive month. The Bank of Korea (BOK) forecast that Korea will be able to reach an annual current account surplus of US$27 billion by steadily enjoying current account surpluses.The BOK said on Nov. 8 that the current account posted a sur
Coway Co., Ltd., the “Best Life Solution Company,” today reported financial results for the third quarter of 2023."We’re delighted to report another stable quarter, thanks in part to the expansion of our successful sleep and wellness brand, BEREX, as well as our strategic investments in R&D, IT, and
The author is an analyst for Shinhan Securities. He can be reached at sanghoonpure.cho@shinhan.com -- Ed.3Q23 OP of KRW126.8bn (+44.6% YoY) beats consensus by 12%GS Retail posted operating profit of KRW126.8bn (+44.6% YoY) on sales of KRW3.09tr (+4.5% YoY) in 3Q23, beating the market consensus by 12
Hyosung Heavy Industries conducted a shipment ceremony on Nov. 6 in Haman, South Gyeongsang Province, for the delivery of a container-type Static Synchronous Compensator (STATCOM), a stationary reactive power compensation device, to Japan’s Steel CompanyThe exported product is the first instance of
Korea Water Resources Corporation (K-water) signed a business agreement with three companies – Plug Power, SK E&S and SK Plug Hyverse – in Albany, New York in the United States on Nov. 3 (local time) to expand the use of green hydrogen and rev up the industry.The agreement was signed to accelerate t
The author is an analyst for Shinhan Securities. He can be reached at yjjung86@shinhan.com -- Ed.3Q23 OP decent at KRW7.8bn (positive swing YoY, +754% QoQ)SK IE Technology posted operating profit of KRW7.8bn (positive swing YoY, +754% QoQ) on sales of KRW182.2bn (+35% YoY, +20% QoQ) for 3Q23, beatin
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
At HD Hyundai Heavy Industries’ Ulsan yard, the future of South Korea’s naval defense is being forged. The Republic of Korea Navy’s next-generation Aegis destroyer (KDX-III Batch-II) King Jeongjo the Great was successfully launched last July and is awaiting operational deployment. The lead ship in t
The Korean defense industry is growing rapidly as the world recognizes the excellence of Korean-made weapons. At the center of the Korean Defense Industry gripping the global arms market is the Korea Defense Industry Association (KDIA).Founded in 1976, the KDIA is a specialized defense industry orga
Coupang announced that it held a ceremony in honor of the opening of its second fulfillment center in Taiwan in Taipei City, Taiwan on Nov. 2.The new fulfillment center is located in Taoyuan City in the northwestern region of Taiwan. It is a large-scale logistics center based on smart logistics that
As the sole company with a comprehensive portfolio in the naval industry, Hanwha Ocean contributes to strengthening the Republic of Korea’s naval power by leveraging world-class vessel and submarine construction capabilities.Starting with the delivery of the patrol vessel “Anyang” to the Republic of
Seven Korean companies, including LG Electronics, Lotte Chemical and Samsung Fire & Marine, have joined RE100 this year, bringing the total number of Korean companies to 34, according to the U.K.-based Climactic Group on Nov. 3.This means that Korea has the fourth-most number of companies after the
The author is an analyst for Shinhan Securities. He can be reached at sanghoonpure.cho@shinhan.com -- Ed.3Q23 OP meets consensus at KRW84.3bn (+12.3% YoY)Lotte Chilsung Beverage posted operating profit of KRW84.3bn (+12.3% YoY) on sales of KRW830.4bn (+5.9% YoY) in 3Q23, meeting the consensus estima
Samsung Display filed a complaint with the U.S. International Trade Commission (ITC) against China’s BOE, the world’s largest liquid crystal display (LCD) panel maker and Samsung Display’s largest display competitor. Samsung Display claims BOE stole its technology. This is separate from an ongoing p
For more than 60 years, Korea had not made it to U.S. Billboard charts, but starting with Psy’s Gangnam Style in 2012, K-pop’s presence on the charts has been growing with BTS, BlackPink, and Nujins making their splashes.As K-pop’s status has changed, so has the number of foreigners visiting Korea.